Indian Tourism Development Corporation Ltd ( ITDC ) has set up a new joint venture ( JV ) with IL & FS to develop tourism infrastructure through the public-private partnership ( PPP ) mode in the country.
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These include outright sale of Indian Tourism Development Corporation ( ITDC ), Modern Foods Limited ( MFL ), and the telecom equipment manufacturers ITI and HTL . The government will sell a 50 per cent equity stake in MFL, but no decision has yet been taken on the others.
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