Feb 7 2018 | India Opportunities
Amusement / Theme park segment likely to touch Rs 4,000 crore by 2020
More than 150 amusement / theme parks exist in India. Amusement parks require a lot of working capital and regular capital expenditure. Around Rs 700-1000 crore is likely to be spentt on building a large park. V-Guard Group's has got three amusement parks located in Kochi, Hyderabad and Bangalore. They are coming up with another one in Chennai, Tamil Nadu. As per media reports, the Indian amusement and theme parks industry is growing at 17 per cent CAGR with an annual revenue of Rs 1,700 crore. The industry turnover is projected to touch Rs 4,000 crore by 2020.