The Indian Railway Catering and Tourism Corporation (IRCTC) recently announced plans of setting up budget hotels near railway stations in state capitals and is in talks . They are also apparently in talks about acquiring lands.
“The work on getting into the hospitality sector is progressing and we are in talks with various state governments for a tie-up. We plan to start budget hotels near railway stations in state capitals where the state government would provide land and we would build and operate the hotels as a concessionaire,” a senior IRCTC official was quoted as saying in a report . “We are expecting our newly-started facility management services to make up for the loss in revenue caused in on-board catering services. We are already providing facility management at a few educational institutes, IT parks and government organisations and are also in talks with various government departments, Public Sector Undertakings and IT majors,” the official said.
