HospitalityBiz India
Hotels FoodService Operations Ministry Associations Equipment Editorial HR Technology Technology Advisory Board Community
Follow us on Facebook Follow us on Twitter instagram
    Home > Hotels
HOTELS

Two state-owned hotels to be leased out soon: DIPAM Secy

Tuesday, February 6, 2018, 11:00 Hrs  [IST]

A moneycontrol report stated that two state-owned ITDC hotels will soon go for auction as part of government's plans to privatise these properties, a senior government official said yesterday.

Neeraj Kumar Gupta, Secretary, Department of Investment and Public Asset Management (DIPAM) said the Centre had last year exited from five India Tourism Development Corporation (ITDC) hotel properties, which were in collaboration with various state governments.

"We have taken the money and settled them with the states. Now states are in the process of coming out with the lease. Two joint leases, very promising, will come in the market very soon," Gupta said at the Ficci post-Budget meet.

He said 14 joint ventures or units of ITDC which they have to settle with either private management or with states.

Elaborating on his plans to raise INR 80,000 cr in 2018-19 fiscal through disinvestment, Gupta said his department is working on a new debt Exchange Traded Fund (ETF).

 
Print News Email News Back
Bookmark to Add to NewsvineNewsvine Bookmark with del.icio.usdel.icio.us Digg ItDigg
Add RSS to Add to Google Add to My Yahoo! Subscribe with Bloglines Subscribe
 POST A COMMENT
* Name :    
* Email :    
* Message :  
   
goa
 
CoverStory
Analysis
 
  H&R Johnson opens sixth Experience Store in India to service Customers, Architects & Designers as a one-stop-shop
  Beverly Wilshire launches Secret RosĂ© Garden for celebration of its 90th Anniversary
 
weekly
Receive the best of Hospitality content in your mailbox.
Weekly e-Newsletter
Events Calendar
Global Travel Mart for India
September 15-16, 2018, Vigyan Bhawan, New Delhi

FHRAI Annual Convention
September 20-22, 2018, Lucknow

Kerala Travel Mart (KTM)
September 27-30, 2018, Kochi, Kerala
Events
 
 
people
interview
newappoint
expert
© Copyright 2016 Saffron Synergies Pvt Ltd
HOME   |   ABOUT US   |   CONTACT US   |   FEEDBACK   |   DISCLAIMER   |   SITE MAP   |   ARCHIVES