Chandigarh, 29 January 29, 2013: The Board of Directors of CITCO, in its meeting held at Hotel Parkview today under the Chairmanship of Shri Anil Kumar, IAS, Home Secretary, Chandigarh Administration gave its approval for taking up the matter with the Chandigarh Administration for approval of granting extension of 6 months in services for the retiring CITCO employees. The Board also approved the Annual Accounts of CITCO for the Financial Year 2011-2012.
The Board of Directors decided that in order to frame future course of action, a Strategic Consultant may be appointed and constituted a Sub-Committee for the purpose. The Consultant, so appointed, would study the existing systems and propose business system requiring restructuring, apart from giving suggestions for emerging themes, social changes, customer behaviour etc. The Board further approved providing of LCDs and mini bars in the deluxe rooms of Hotel Parkview. The Board also gave its concurrence for taking over the management and operation of Petrol Station in Sector 33, Chandigarh. The Board further allowed one year extension for the management of SAIL Stockyard, being run at Industrial Area, Phase-I, Chandigarh.