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Govt mulling to lease, transfer management control in ITDC hotels

Govt mulling to lease, transfer management control in ITDC hotels

Thursday, April 20, 2017, 8:41 PM

The government is considering leasing ITDC hotels with management right to private companies as part of its efforts to monetise the properties owned the state-run firm. These companies will have the right to decide on management, expansion and new investments. Hotels that are run jointly by the Centre and states can also be given to private entities on lease, sources said.
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