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Article: Serious action in amusement parks business
- Article from:
- The Hindustan Times
- Article date:
- December 30, 2007
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Lalatendu Mishra
Hindustan Times
NEW DELHI, India, Dec. 30 -- MIRRORING THE all round growth of the economy, the amusement park sector is also growing by 50 per cent year on year to a Rs 3,500 crore industry, according to members of the trade. As disposable incomes of Indian households grow, the country would have an additional 500 amusement parks in the next 12 years, they said.
"The new amusement parks would have a combined investment of Rs 10,000 crore. Several top corporates and multinationals are already eyeing this sector with great interest," said Arun Muchhala, chairman, Muchhala Magic Land and founder member of the Indian Association Amusement Parks and Industries (IAAPI).
Muchhala ...