ITC on the hunt for partnerships for its hospital venture

Earlier, stakeholders were told the venture could be utilised for supporting 'medical tourism'

Diversified conglomerate ITC might explore the option of partnerships for its proposed multi-specialty hospitals.

In January, it sought shareholders’ approval to alter its memorandum of association to enter the health care sector. It is now in the process of assembling a team to prepare a plan. It is yet to set a schedule for the venture's takeoff.

Sanjiv Puri, CEO & executive director, says there is already a degree of synergy between the company’s existing line of business and the health care initiative. “One piece of hospitals is the hospitality bit, which ITC knows well. For the piece on medical