The Ashok Monetisation To Kick Off Soon

THE MONETISATION PROCESS for India Tourism Development Corporation's (ITDC) prized property "The Ashok" in Delhi, with land parcels, will likely commence soon.

- PRASANTA SAHU

After IIT Roorkee completed a technical study, the process has gained pace under the new chief of ITDC, sources said.

Last month, Rajasthan cadre IAS officer Mugdha Sinha was appointed as the managing director of ITDC.

After public private partnership appraisal committee vets the proposal, the floating of expression of interest (EoI) may take place, sources said.

Currently, the Centre owns 87.03% of ITDC while Tata Group's Indian Hotels Company (IHCL) holds a 7.87% stake.