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States can form JVC with Railways: Goyal


States can form JVC with Railways: Goyal

New Delhi, Feb 03 (ANI): Power and Coal minister Piyush Goyal on Wednesday said all state governments can now form a joint venture company (JVC) with railways to generate funds, equity shares or bonds to execute the development of rails much earlier. Goyal added the venture will give state governments the authority to decide where the rail corridors should be put.

He further said that they can also decide as in which area they want the railways to develop further in their state.

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