Chennai: The national air carrier Air India should allocate at least Rs 100 crore to its wholly owned subsidiary Hotel Corporation of India Ltd (HCIL) to revive and upgrade its services in the hospitality segment, recommends a Parliamentary Standing Committee.
In a report recently related to the revival and restructuring of HCIL, the department-related Parliamentary Standing Committee on Industry led by Tiruchi Siva, Member of Parliament at Rajyasabha, said that substantial allocation of resources should be made available to the Air India for making the units working under the HCIL more financially viable and sound. The report was laid on the table of the Lok Sabha on December 6, 2012.
The Committee elaborated that it would like to see the Air India, the parent body of the HCIL, take measures so that at least some portion of amount is released for its revival is utilized for HCIL.
22/01/13 Gireesh Babu/Business Standard
