Taj plans expansion

Indian Hotels Company (IHCL), which runs the Taj chain of hotels, has earmarked Rs 1,800 crore for funding inorganic growth in the next three years.Adressing shareholders at the company’s annual general meeting , Mr Ratan Tata said IHCL would set up four airport hotels in the country, including one in Navi Mumbai, over the next few years. Also, the company is looking at establishing its presence in the Andamans and has entered into marketing alliances with hotels in Japan and Korea. The company will continue to acquire iconic standalone properties across the world.