The ground breaking for the biggest investment in Sri Lanka by an Indian hotel company will take place on Nov. 19 at Galle Face when ITC Ltd. launches its ITC Colombo One luxury Hotel and Residencies.
Economic Development Minister Basil Rajapaksa will be the chief guest on this occasion at which ITC’s Chairman, Mr. Y.C. Deveshwar, will be present.
This will be the first project outside India for the company which runs a chain of over 100 hotels in over 70 destinations in India.
ITC is a diversified conglomerate with interests in FMCG, hotels, paperboard and packaging, agribusiness and IT. It has a market capitalization of approx. USD 45 billion and an annual turnover of over USD 7 billion.
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