Lukewarm Response To Itdc Property Sell-Off

In yet another lukewarm response to the disinvestment of public sector units, the government has received only two bids for the Madurai property, one bid each for the Mamallapuram and Bodhgaya properties and no bids for the Manali hotel of the India Tourism Development Corporation (ITDC).

There were around 91 interested parties who were shortlisted for these eight properties. While a local player has reportedly quoted Rs 7 crore for the Mamallapuram property, a tour operator has submitted his bid for the Bodhgaya hotel.