Railway Minister Suresh Prabhu informed the Lok Sabha today that India has approached the World Bank for setting up a Railway Infrastructure Development Fund. The World Bank is now examining the scope for creating such a fund. Answering supplementaries, he said the government has permitted a hundred percent foreign direct investment in every sector of railway operations.

Railway Minister Suresh Prabhu informed the Lok Sabha today that India has approached the World Bank for setting up a Railway Infrastructure Development Fund. <br/><br/>The World Bank is now examining the scope for creating such a fund. Answering supplementaries, he said the government has permitted a hundred percent foreign direct investment in every sector of railway operations.