Mexico’s Cinepolis to invest Rs800 crore in India in next six years - News Summed Up

Mexico’s Cinepolis to invest Rs800 crore in India in next six years


Ltd plans to invest around Rs.800 crore in India over the next six years and targeting to have up to 600 screens. The company, which presently has 269 screens in India, is targeting metro markets as well as tier II and III cities for its expansion in India. On footfalls, he said at present Cinepolis clocks over three crore annually and is expecting it to be around eight crore by 2022. Cinepolis would continue to add screen in metro markets as well as tier II and III cities. We will offer the same products in tier III as we offer in tier I and II.”


Source: Mint September 11, 2016 13:52 UTC



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