 |
| Amusement Parks in India |
Amusement Parks In India
Amusements parks
in India, which were once meant as a fun place for kids to spend their time,
have now emerged as a billion dollar industry. Over the years, the industry of
amusement parks in India has witnessed lots of variations; there was a time
when Indira Gandhi promoted the Appu Ghar just as a fun zone for the poor kids who
could enter the park free of cost and spend time their parents and other kids.
And today, most of the amusement parks charge not less than Rs 1200 or so
excluding the charges for the rides and theatre shows. Quite evidently, the
amusement park industry in India has emerged as a great investment options.
Here are a few key points that will give you an overview of
the amusement parks in India:
·
Initially amusement parks were meant for poor
children with free entry and rides not more than 10 rupees.
·
Today it is a giant industry with Rs 1,800
crores generated in FY 2013 and by 2020 the revenue is expected to cross Rs
4,000 crores.
·
Retail sector in India is the main driving force
behind the growth of amusement parks in India as an industry.
·
The sector is still in its nascent stage which
is an indication of its huge growth potential.
·
Amusement parks in India attract both domestic
and offshore clients to make investments.
·
Adlabs Imagica – India’s biggest amusement park
is a perfect example of how the sector is flourishing as a lucrative investment
option.
·
Even during a not-too-pleasant economic
condition, the IAAPI has recorded a sharp 8 percent in FY 2013.
·
Introduction of new technologies including rides,
gaming machines and simulators will spur growth in the industry.
·
State-of-the-art-infrastructure in India’s major
cities has also resulted in increased demand for amusement parks in India.
·
The amusement parks in India are yet to receive
a boost from the tourism sector.
·
A joint initiative by the private sector and the
government to boost the amusement park industry in India can generate more
revenues.
·
Today, Indian manufacturers are producing goods
of international standards which is a great asset for the amusement park
industry of the country.
·
Currently, there are about 150 players in the
amusement parks industry in India which is quite less for a country with population
more than 1.2 billion.
·
Today,
tickets to theme parks in Indian metros cost nearly Rs 1200 and more while in the
tier II and III cities, the price starts from Rs 350 per individual.
Conclusion
Foreign investors are frequently eyeing the amusement parks in India and many have already started promoting some of the major ones like
the Wonderla in Bangalore. The fast-paced infrastructural developments across
all major cities and metros are expected to further boost the identity of the
industry as a great investment option. Some of the best amusement parks in
India like the Wonderla Amusement Park, Bangalore, Ramoji Film City, Hyderabad,
Wonderla Amusement Park, Kochi, Science City, Kolkata and Essel World in Mumbai
are already listed among the top 20 amusement parks in Asia.
For more information on amusements parks in India, feel free
to visit http://mergeralpha.com/.
No comments:
Post a Comment