Lalu to share Railways's success story with Harvard

NEW DELHI: After impressing the IIMs with the dramatic turnaround of the railways, Railway Minister Lalu Prasad would be sharing on Wednesday the success story with a group of students from the elite B-schools in Harvard and Wharton in the US.

Prasad would be giving a lecture on the Indian Railways performance to the students at the Railway Museum.     

The Railway Minister recently gave management tips to students at IIM-Ahmedabad and Bangalore.

Prasad is credited with the financial turnaround of the loss-making Indian Railways which earned a revenue surplus of Rs 13,000 crore by March 31, 2006.

Prasad had delivered a lecture at IIM-Ahmedabad where the students were impressed by his down-to-earth approach and appreciation of hard-nosed economic realities.

US corporate giant General Electric's chief also came to India to study the phenomenal success of the railways. Management experts from Germany, Japan and France followed him. They all wanted to know what lies behind the railways' success within a short span of 30 months.

Prasad says it was achieved by raising volume and through capacity enhancement.