Is corruption a big issue for doing business in India?
Absolutely not. We are aware of India’s reputation but on an individual basis we have never faced a problem. In fact, we have found that the process here is very transparent. We have done business in over 73 countries and there are no particular shortcomings here. IR has managed a turnaround here by making freight earnings subsidise passenger travel. Have you seen similar instances abroad and is this sustainable? This is a very widely-adopted model as passenger traffic is often seen as a means of mobility and not for commercial purpose. There are certain state-managed operations in Europe and in Egypt that have turned around their business on this basis. Your association with IR just turned 50. What have been the high points in this journey? The start up itself was a high point as we recognised the potential of India early and are proud of that. Other important milestones are the technology transfer agreement in 1995 and IR’s decision to only use EMD engines. Also we are proud to be dr
