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Lalu to share railways 'turn around tale' with US management students
New Delhi | March 15, 2007 8:13:41 PM IST
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The landmark turn around of the Indian Railways in the recent past continues to attract future managers from across the world who are queuing up to visit India to undertake on-the-spot study by interacting with Union Railway Minister Lalu Prasad Yadav and his team.

From Friday, more than 50 management students from USA are visiting India to listen to Lalu on the Indian Railways' economic rejuvenation, the growth oriented reforms with human face leading to turn around of India's largest Public Enterprise.

The visiting group includes 35 students from the McCombs School of Business, University of Texas at Austin and 22 students from the Darden School of Business, University of Virginia.

In addition, number of invitation are also pouring in from different foreign Institutes and Universities requesting the Railway Minister to visit their campuses to address seminars and lectures on the Indian Railways turn around story.

Lalu has been invited by University of Chicago, Stanford University and Harvard Business School.

Earlier in December last year, students from Harvard Business School and Wharton Business School had come to take lectures from the RJD leader and former Bihar Chief Minister.

The worldwide interest in the performance of the gigantic Indian Railways has been mainly due to Indian Railways' spectacular performance in the last three years.

While presenting Railway Budget 2007-08 in Parliament on February 26, Lalu has said, "....without imposing undue burden on the common man, the Railways are poised to create history by generating a cash surplus before Dividend of Rs. 20,000 crore as against Rs. 14,700 crore in the previous year".

"By rendering an unprecedented surplus in spite of the reduction in passenger fares, we have disproved the myth that railways were sinking in to a financial crisis due to social obligations. Our turnaround strategy based on a perfect blend of commercial wisdom and empathy for the people has made the railways a centre of attraction for the world," Lalu added. (ANI)

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