Indian Railways is the largest rail network in Asia and the world's second-largest under a single management. With increasing urbanization and rising income levels, the demand for rail services is growing in both urban and rural areas. In fact, India is projected to account for 40% of the total global share of rail activity by 2050. To meet this growing demand, Indian Railways is investing heavily in infrastructure and technology. From April 2000 to September 2022, FDI inflows in railway-related components stood at US$ 1.23 billion.