Ashok and Samrat hotels not to be disinvested: Mahesh Sharma


Team Udayavani, Oct 27, 2017, 11:49 AM IST

New Delhi:  Union Culture Minister Mahesh Sharma today said two ITDC hotels, Ashok and Samrat, would not be disinvested due to security concerns arising out of these being located close to the prime minister’s residence — 7, Lok Kalyan Marg.

Speaking at the 112th Annual Session of the PHD Chamber of Commerce and Industry here, Sharma said barring these two, all the other 15 hotels owned by the government-run Indian Tourism Development Corporation (ITDC) would eventually be disinvested.

The minister added that he had a discussion (when he held the tourism portfolio) with Prime Minister Narendra Modi about the disinvestment of the ITDC hotels and conveyed to the latter that of the 17, he wanted to disinvest eight as they were incurring losses.

“He (Modi) asked me, why eight and not all the 17? I said Hotel Ashok and Hotel Samrat are located near your official residence, so there are security issues. He said the government was not in the business of running businesses.

Thus, except these two, the other hotels will be disinvested,” Sharma said. The government has recently disinvested three ITDC hotels. The Union cabinet, in September, approved the transfer of Hotel Jaipur Ashok and Lalitha Mahal Palace Hotel, Mysore, to the governments of Rajasthan and Karnataka respectively.

It also gave a go-ahead to disinvest ITDC’s 51 per cent equity in Hotel Donyi Polo Ashok, Itanagar, in favour of the government of Arunachal Pradesh. As part of the Centre’s disinvestment policy, it has been decided to lease and sub-lease the hotels and properties, jointly with the states concerned, or return the properties to the states, after a fair valuation.

The states would then have the option of upgrading and operating the hotels by engaging private players or utilising the properties as per their requirements. Sharma also held the tourism portfolio till the cabinet reshuffle in September.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Incentive fund for SC/ST students of national institutes increased, says Minister Mahadevappa

Terminal 2 of Bengaluru airport gets 4,000 sqft hydroponic green wall

Waqf properties row: JPC Chairman receives over 500 petitions from aggrieved farmers in Karnataka

Asaduddin Owaisi questions Waqf Bill JPC Chairman’s Karnataka visit

Kinnigoli: Truck carrying red stone collides with Auto-Rickshaw; driver injured

UP govt to install 150,000 toilets for Maha Kumbh, set up paying guest facilities

Kavoor Police arrest two notorious cattle thieves

Related Articles More

Sensex, Nifty fall over 1 pc, snap two-day rally ahead of US Fed interest rate decision

SC orders liquidation of grounded air carrier Jet Airways’ assets

Home-cooked meals become dearer in October on costlier vegetables

Sensex, Nifty surge over 1 pc on heavy buying in IT stocks as Trump set to win US polls

Das says incoming data on GDP growth mixed but positives outweigh negatives

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

Karkala: Sr Donalda Pais, headmistress of Arunodaya Special School, passes away

Incentive fund for SC/ST students of national institutes increased, says Minister Mahadevappa

K’taka govt prohibits staff from smoking, consuming tobacco products inside offices

Terminal 2 of Bengaluru airport gets 4,000 sqft hydroponic green wall

Waqf properties row: JPC Chairman receives over 500 petitions from aggrieved farmers in Karnataka

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.