Tuesday , 16 July 2019

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Stumped Tata camp rethinks strategy

Jaipur: Rajasthan’s Dak Bungalows in India will be developed like three star hotels on public-private partnership (PPP) model.

In the first phase of the project, Dak Bungalows in Ajmer, Bharatpur, Jaipur, Jodhpur, Bikaner, Alwar, Bhilwara, Jaisalmer, Mount Abu and Nathdwara in India will be developed in PPP model, a statement quoting PWD minister Yunus Khan said.

About 20 per cent of the rooms in the Dak Bungalows will be reserved for government officials and other employees and remaining 80 per cent will be open for all.

PPP model involves a contract between a public sector authority and a private party, in which the private party provides a public service or project and assumes substantial financial, technical and operational risk in the project.

Since October 24, the day Mistry was forced out of Tata Sons board+ , observers see some amount of reluctance within the company to elaborate on the sequence of events and reasons leading to the sudden change in leadership at the helm of Tata Sons.
“It was terrible management on the part of Tatas, especially when we knew half the IHCL board were Mistry sympathisers,” said a Tata insider on condition of anonymity. “We somewhere didn’t realise that there is a Mistry-appointed CEO who would present a compelling case for the ousted chairman,” the source added. In 2014, Mistry had brought in veteran hotelier Rakesh Sarna as its MD & CEO to run IHCL.
Now the Tata camp is planning to go on a communication overdrive to build a strong case in favour of their decision to sack Mistry as Tata Sons chief+ . Tatas are connecting with old hands at communications, corporate affairs and brands who have served the group well.
There will be an immediate stock-taking of the likely support Mistry might enjoy in the boards of other group companies. “We know this is going to be a long-drawn battle, and it would probably take up to three years to get Mistry out of all the boards,” said a source.
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