Turnaround of Indian Railways |

Turnaround of Indian Railways

Summary Report: Indian Minister of Railways Lalu Prasad Describes Railways’ Dramatic Transformation

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Synopsis:

Indian Railways is the world’s largest employer and one of the biggest and busiest rail networks in the world, carrying some 17 million people and more than one million tonnes of freight daily. It was, however, until very recently, a loss-making organisation heading for bankruptcy. Starting his term in 2004 with a budget of just $200 million with which to save the national institution, Indian Railways Minister, Lalu Prasad engineered a dramatic turnaround. In 2007, Indian Railways’ revenues amounted to $6 billion. This impressive success story has also been featured in the textbooks of prestigious academic institutes worldwide as a case study. Minister Lalu Prasad is a key ally of India's governing coalition led by the Congress party. He was also the former Chief Minister of the state of Bihar which his Rashtriya Janata Dal party governed for 13 years until 2005.

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Speaker(s):

Honourable Minister, Lalu Prasad, Minister for Railways, Government of India

Date:
Saturday, 17 January 2009
Time:
11.25 a.m. - 1.00 p.m.
Venue:

Auditorium, Level 3, Block B, Faculty of Law,
NUS Bukit Timah Campus
469G Bukit Timah Road
Singapore 259776

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