Railway minister Suresh Prabhu has stressed the need for massive capital investment, newer cost-effective technologies and private sector participation in Indian Railways so as to make the sector attractive for the investors. The ministry has decided to tap foreign pension funds as part of the resource mobilisation plan to bail out Railways from the deep financial trouble.“We will invite foreign pension funds to invest in Indian Railways. This could be in the form of loans at a cheaper rate. We have to bring in investments both from within and outside the country,” he said after inaugurating the 15th national seminar on “PPP and FDI in Indian Railways” in Hyderabad, organised by the Centre for Transportation Research and Management (CTRAM) and South Central Railway.

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