The MoU was signed in presence of visiting French Minister of State for Transport Dominique Bussereau, Minister of State for Railways Naranbhai Rathwa, Chairman and Managing Director SNCF International (French Railways) Jean-Pierre Lubinox and Railway Board Chairman K C Jena. The agreement will be valid for a period of three years and it will enable mutually beneficial cooperation between the two railways, Jena said.
The railways may offer high-speed train corridors to global players.
To facilitate foreign direct investment (FDI) in high- speed rail projects, the government is likely to allow private sector entry in operations.
The Railway Budget has impressed industry watchers.