Move for FDI in Rlys hailed

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.