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Thai Major Cineplex to open entertainment centres in India

 


September 2, 2008

Thai Major Cineplex to open entertainment centres in India
Major Cineplex, Thailand's largest cinema chain operator, said it expected to open entertainment centers with Indian joint venture partner PVR Ltd in the fourth quarter of this year, reported Reuters.

The venture will set up bowling alleys, karaoke centers, ice skating rinks and gaming zones, and its first overseas venture will be located in the Indian capital, New Dehli, Chief Executive Vicha Poolvaraluck told reporters.

"We'll open in India in the fourth quarter and we'll use about 100 million rupees ($2.3 million) on that," Vicha said.

 
PVR will hold 51 percent of the venture, and the Thai firm will hold the remainder. The two firm formed the joint venture in February to set up entertainment zones at PVR's cinemas in India.

Vicha said he was also approached by other cinema operators in Asia about possible joint ventures but declined to give details.

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