While ITC has steadily added around Rs 7-10 billion in the FMCG top line in the past five years, analysts say there is still much work to do
Diversified conglomerate ITC might explore the option of partnerships for its proposed multi-specialty hospitals.In January, it sought shareholders' approval to alter its memorandum of association to enter the health care sector. It is now in the process of assembling a team to prepare a plan. It is yet to set a schedule for the venture's takeoff.Sanjiv Puri, executive director, says there is already a degree of synergy between the company's existing line of business and the health care initiative. "One piece of hospitals is the hospitality bit, which ITC knows well. For the piece on medical domain, bringing in partners who specialise in that part is an option. But, these are early stages," he said.Even for the hospitality segment, ITC has had a partner in Starwood Hotels & Resorts for nearly four decades. This partnership began in 1979, with the Sheraton brand. In 2007, both companies signed an agreement through which Starwood introduced The Luxury Collection brand in India, ...
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