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State-owned India Tourism Development Corporation Ltd is looking for new business opportunities besides strengthening its existing verticals as it seeks to carry forward the momentum of record financial performance of last fiscal, according to its Managing Director M R Synrem. The company which offers hospitality, travel and tour, events and engineering related consultancy services, plans to strengthen its offices in Mumbai, Chennai and Kolkata with an aim to develop these as regional hubs for its businesses. "We want not to only expand but whatever we have now to take it a notch further ahead, take it much higher and look at new business opportunities also for ITDC as a company," Synrem told PTI on the sidelines of the launch of the company's new mascot 'Adyant' and a fresh tagline. On the new business opportunities, he said, "We have won a bid for a new duty free shop at the Vizag (Visakhapatnam) airport. We participated in the competitive bid and we have won it. It is a new thing
India Tourism Development Corporation on Thursday said it has registered the highest-ever financial performance with a total turnover of Rs 458.08 crore in 2022-23. This represents an increase of over 58 per cent compared to the previous fiscal, a statement from the Mini Ratna public sector undertaking under the Ministry of Tourism said. Its profit before tax (PBT) for FY2022-23 jumped 983 per cent year-on-year to Rs 86.12 crore, while PAT stood at Rs 60.33 crore against Rs 4.38 crore a year ago. "These astounding growth figures demonstrate a historic moment for us, as we celebrate the highest-ever turnover and profit by surpassing all previous records and accomplishing notable milestones, particularly a huge rebound after the negative impact of COVID-19," its Director (Commercial & Marketing) Piyush Tiwari said. "We have achieved the highest consolidated turnover ever recorded for a full year, along with an unprecedented profit before tax. This incredible performance showcases ...
The India Tourism Development Corporation has signed a pact with the Ministry of Ayush for promotion of medical tourism in the field of Ayurveda and other traditional systems of medicine. Under the agreement, the ITDC will promote "Heal in India Medical Value Travel in Ayurveda, Yoga and other Indian traditional systems of medicine", a statement said. It will also as assist in establishing the country as the number one destination for medical value travel in consultation with the Ayush and Tourism ministry, the ITDC statement said. Medical value travel, also known as health tourism or medical tourism is defined as travel for the purpose of maintaining, improving or restoring health through medical intervention. Under the Memorandum of Understanding, ITDC will explore establishing Ayurveda and yoga centres in hotels run by it. The pact was signed in the presence of Pramod Kumar Pathak, special secretary- MoA, SRK Vidyarthi, director, MoA, and Piyush Tiwari - director, commercial a