Private rail for India: a positive step towards long-overdue reform? [Yahoo! Finance]
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Source: Yahoo! Finance
Indian Railways is opening up to private operators for the first time since it was nationalised in 1951. Starting from March 2024, private companies will be allowed to run passenger services on one of the world's largest networks, which handles some 8.4 billion people every year. The plan was announced earlier this summer by the current owner and operator, the Indian Ministry of Railways. Initially slated to start in March and then postponed due to the Covid-19 pandemic, the scheme is expected to play a key role in the government's ‘Make in India' initiative and its goal to attract investment in the country. However, political and industry commentators are currently debating the potential ramifications of inviting private companies to India, with some calling for a reform of the network and others warning this could be the first step towards the complete privatisation of the railways. Inside Indian Railways' plan Despite the delays caused by Covid-19, summer 2020 marked the b
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