Railway Ministry convenes a meeting of Financial Institutions

Following up on the Banks’ & Financial Institutions’ Conclave held in Delhi on 21st July 2015, the Ministry of Railways are convening a meeting in Mumbai tomorrow i.e. on 7th August, 2015 with representatives of Financial Institutions to sensitize the finance community of emerging investment opportunities in the Railway Sector.

The meeting of senior Railway officials with Heads and CEOs of FIs & a few corporates is being organized at the initiative of the Minister of Railways Shri Suresh Prabhakar Prabhu who had in his maiden Railway Budget unveiled massive investment plans for strengthening and modernizing the key Railway infrastructure in the country.

Shri Suresh Prabhu, Chairman, Railway Board and Financial Commissioner, Railways are scheduled to address the meeting.

The Railways’ conclave with major Banks & Financial Institutions in New Delhi on July 21, 2015, the first of its kind in the Indian Railways’ long history, which was well received by the financing community. Minister of State for Finance Shri Jayant Sinha and Dr. Raghuram Rajan, Governor, RBI had addressed the conclave.

The meeting is being held in Mumbai this time to increase exposure and visibility to the investment plan of Railways. The Indian Railway Finance Corporation (IRFC) which is the financial intermediary for the Railways is co-hosting the meeting.