Thanks bro, I had no idea of this new and very much welcome development.This is a better situation that a project is being taken on commercial consideration rather for bringing development. Many times state govts falter in contributing their share towards such JVs, thereby seriously jeopardizing such projects. Indore is currently blessed with a very caring and powerful MP and things will go better for this project.
Earlier this project was struck up for years for State Govts (esp MP Govt) not agreeing to shar 50% of project due to not so good financial condition of state govts. Then there was talk of lower share of state govt. Today most of the states forming JV with IR for Rly projects, it...
more... appeared that state govts have agreed to. If the other ministry comes to rescue of IR, it is a very good news. Earlier Coal India, SAIL, NMDC too have invested in financially rewarding projects.
Once double accounting system in IR which is vigorously pursed by the CA RM, goes through, it is expected that pvt/corporate sector funding may come to IR in a big way.