Following announcements that the railway infrastructure sector would be opened up to foreign investment, the Department of Industrial Policy and Promotion has issued Press Note No. 8 (2014 Series) laying down the framework for foreign investment in the sector. The press note states:
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The business law digest is compiled by Nishith Desai Associates (NDA). NDA is a research-based international law firm with offices in Mumbai, New Delhi, Bangalore, Singapore, Silicon Valley and Munich. It specializes in strategic legal, regulatory and tax advice coupled with industry expertise in an integrated manner.
