“CGH Earth will open four or five small properties in the circuits of Madhya Pradesh, Gujarat and Rajasthan.
We also plan to set up seven or eight properties (of not more than 30 rooms each) in the North East circuits covering Arunachal Pradesh, Nagaland, Sikkim, West Bengal and Assam. But the expansion will not necessarily be implemented the normal way. We will use unconventional strategies that will involve communities as partners in progress.”
Without divulging details, Jose also said that the group is planning to raise capital either through an IPO or private equity investment to fund its growth plans.