India to seek foreign investors for crumbling railways


Breaking with past policies, India says it will open up its railways to foreign investment and introduce the country's first bullet train - AFP Photo.

NEW DELHI: India unveiled plans Tuesday to open up its railways to foreign investment and introduce the country's first bullet train in a budget closely watched for clues about new Prime Minister Narendra Modi's economic priorities.

The rail finance bill is regarded by economists as setting the stage for the national budget – due on Thursday – in which the right-wing government will lay out keenly awaited reform plans.

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