Why the government is checking out of ITDC Hotels

“The government has no business to be in business”. Prime Minister Narendra Modi declared this in February while addressing a webinar on privatization. A month later, sources told ET NOW that government is in the final stages to check out from one of its most valuable hotels — the 25-acre Hotel Ashok in Lutyens Delhi.

Over the last several years, the Government has been on a disinvestment drive of Ashok Group of Hotels, Indian Tourism Development Corporation’s (ITDC) accommodation chain. In 2015, it had eight hotels under the group and now, it has only four – of which Hotel Ashok in Jammu has been non-operational since June 2020.

So, why is the government checking out of these hotels? Find out in this video.