The nation’s largest multiplex operator PVR Inox will open 150 screens within the subsequent fiscal with an funding of about Rs 500 crore, a prime firm official has stated.
The corporate, which opened a six-screen luxurious cinema at Maison Inox in Mumbai on Thursday, already runs 118 screens throughout 23 properties within the megapolis.
General, together with its property in Colombo, it operates 1,711 screens at 359 properties throughout 114 cities.
“We’re planning so as to add 150 extra screens at an funding of round Rs 500 crore subsequent fiscal,” Sanjeev Kumar Bijli, an government director at PVR Inox, informed PTI.
On the Maison Inox, he stated usually a display required an funding of Rs 5 crore however on condition that it is a luxurious assortment and comes with the primary hooked up bar (Gastby Bar), the per display value is about Rs 7 crore.
On the corporate’s abroad growth plans, he stated they may have extra screens in Sri Lanka solely and never wherever else.
Regardless of the civil conflict and the deep monetary difficulties, “Sri Lanka has been a particularly good marketplace for us to this point”, Bijli stated.
“Given the response to our first display within the capital of the island nation, we’re planning to have extra properties there. However we’ve got no different abroad market in thoughts for growth,” Bijli stated.
