Cos vie for hospitality sector pie in UP

Deepa Jainani
Posted: Wednesday, Sep 10, 2008 at 2305 hrs IST
Updated: Wednesday, Sep 10, 2008 at 2305 hrs IST

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Lucknow, Sep 9 : have to consent to carry the extra baggage of the 700-odd employees. This could be a great dampener for any private party, who would want to put in place trained and professional people of his choice, rather than inheriting a staff that has already earned the reputation of being unprofessional, rude and indolent,” said an insider well acquainted with the workings of the department and its staff.

It may be mentioned that since the government was earlier unable to draw any bidders for advising the disinvestment of the 38 closed and loss-making units and 9 tourist complexes in the Buddhist circuit to private players, it decided to add some incentive so as to make the prospect of buying these properties appear lucrative to the private sector.

They then clubbed the 30 profitable ventures of the UPSTDC along with the earlier 47 for disinvestment. The 30 viable units that have been put up for disinvestment include the highly profit-making Hotel Alaknanda in Haridwar, which made a profit of Rs 73 lakhs in the 07-08 fiscal, Hotel Gomti, in Lucknow, which registered a profit of Rs 45 lakhs, Hotel Iravat, in Allahabad, which made a profit of Rs 32 lakhs, Hotel Taj Khema in Agra, which made a profit a profit of Rs 25 lakhs and many others....

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