Riding the 'earning horse': Indian Railways
Indian Railways is the worlds 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, which was heading for bankruptcy. Starting his term in 2004 with a budget of just $200 million with which to save the national institution, Indias Minister of Railways Lalu Prasad engineered a dramatic turnaround. Last year, Indian Railways revenue came to $6
Indian Railways is one of INSEADs biggest executive education clients, and the Minister visited the schools Asia campus as part of his tour of Singapore and Malaysia. During his visit to INSEAD, he told a gathering of MBA participants, alumni and executives about his strategy for bringing the rail network into the 21st century.
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