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High Speed Rail in India
India appears poised to induct high speed rail through bilateral credits or foreign direct investment on the public-private partnership mode. A federal country, with the fourth largest railway network and legacy of indigenised railway technology, India may make costly mistakes in pursuing HSR, an extremely expensive and complex technology, without enacting a national policy on HSR as a new mode of transport and adopting a policy for the acquisition of advanced rail technology with a strong focus on indigenisation and innovation.
This article was written and edited before the presentation of the Railway Budget on 8 July 2014.
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