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ITC ventures abroad: Debut overseas hotel launches in Colombo, Sri Lanka
The Business Guardian
|April 27, 2024
In a strategic move towards global expansion, ITC, the diversified conglomerate headquartered in Kolkata, inaugurated its first hotel outside India in Colombo on Thursday.
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The inauguration of “ITC Ratnadipa” marks the conglomerate’s foray into overseas ventures within the hospitality sector, with plans for further expansion across international markets.
Sanjiv Puri, Chairman and Managing Director of ITC Ltd, stated that the conglomerate is open to exploring potential in international markets for hotel openings, mainly through management contracts. Puri also highlighted the company’s strong credentials in the hospitality sector, expressing confidence in expanding its footprint beyond Indian borders.
This story is from the April 27, 2024 edition of The Business Guardian.
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