Indian Hotels to Invest Rs. 2100 crores for Expansion
Indian Hotels Company Ltd. (IHCL) a Tata Group Company that runs the Taj Hotels, Resorts and Palaces chain of hotels will be investing Rs. 2100 crores in developing 5900 rooms across segments in the next three years. The company will be investing Rs. 1500 crore in constructing 1900 five star luxury rooms and Rs. 600 crore in 4000 premium and budget rooms. Although the global slowdown will affect the travel and hospitality industry, however, the industry is expected to grow at a rate of 3%. Currently, IHCL has 12 luxury, 20 business and 12 budget hotels domestically and eight luxury, four business and four leisure hotels internationally.
The central government has approved 'in principle' the setting up of a helipad near the famous Sikh shrine of Hemkunt Sahib
The holy and historic shrine of Hemkunt Sahib is associated with the 10th Sikh guru, Gobind Singh, and is located in the Garhwal Himalayas near the Hindu shrine of Badrinath. It is said that the guru had worshipped at this shrine for a long time in the 17th century. Thousands of devout Sikhs and others visit the shrine every year. Reaching it means an arduous trek of over 19 km from Gobind Ghat through forests and glades, including the famous valley of flowers. The shrine route is open to the public only for a few months in the summers. The setting up of a helipad will ensure that those who can afford the helicopter trip will be able to visit the shrine without undertaking the trek.
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