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The Cochin Chamber of Commerce and Industry has welcomed the decision to allow 100 per cent FDI in railways. The decision to finance future projects through the PPP mode is a pragmatic one, it said. CP Mammen, President of the Chamber, said the realisation that the railways should not depend on fare hikes alone is a positive one. India has the potential to become the largest freight carrier in the world and this potential needs to be exploited, he said.
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