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GE CEO excited over Laloo’s railway success

Press Trust of India

Posted: May 31, 2006 at 1903 hrs IST

The Railways' ‘turnaround’ man Laloo Prasad got a pat from the Chairman of the global giant GE Jeffrey R. Immelt who lauded the Railway Minister's initiatives in achieving this objective.

"This is a music to my ears that Rail Bhawan is now talking about unit costs, volume increment and competition....We did the same thing in 1980s to save US Railways," Immelt said in an interaction with Prasad at Rail Bhawan today.

The visiting chairman of the US mega engineering company told the Railway Minister that he was impressed with the Railways turnaround and wanted to know how it was achieved in such a limited time, ministry sources told PTI.

"He was very much excited to know about Railways turnaround. About budget initiatives, about dedicated freight corridors, permission to private companies to run container train services, public-private partnership in construction of multi-model logistic parks, inland container depot, rail side warehouse, wagon on leasing and other initiatives," they said.

Prasad, they said, had apprised in detail to Immelt about all these curiosities as also state of the art signalling and telecommunication system being used in Indian Railways.

Immelt said he has been visiting India for some years but visited the rail Bhawan for the first time.

However, the ministry sources said that it was an ‘exploratory’ kind of meeting and no business was discussed.

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