Latest News

Back to Latest News back


Indian amusement parks predict 25% annual growth

Indian amusement parks predict 25% annual growth
December 4, 2008

Riding on the demand of theme amusement parks in the country, the Indian amusement industry is expecting to grow at a robust rate of 25% year on year.

According to Arijit Sengupta, President of the Indian Association of Amusement Parks and Industries (IAAPI) explains,"the cumulative investment in this industry in the last eight to 10 years was to the tune of Rs.40 billion (US$800 million) and we expect to grow at 25% every year."

Sengupta, also the Director and Chief Executive of Nicco Parks and Resorts, said the amusement park industry has witnessed a very high growth since 2000 and would grow further in the coming years, taking into account the increasing expertise of the manufacturers.

He adds "earlier the industry used to import lots of rides from foreign countries. But now the manufacturing companies here are producing majority of the rides and are also exporting it. Though it is still at the nascent stage, it has a huge potential to grow in the coming days."

Sengupta stated that manufacturing rides within India provides economies of scale. India can produce these rides at a competitive price than its foreign counterparts due to availability of cheap labour and relatively cheaper raw material, commenting "export of these rides started about five years back and is picking up slowly and steadily".

Stating amusement parks as social infrastructure projects, Sengupta concluded "we have requested the government to extend some tax holidays to this sector.

"We pay very high entertainment tax, which varies from one park to the other between 10% and 25%. Tax holiday will help the industry to grow further".

The IAAPI, established in 1999, is a non-profitable organisation comprising of operators, manufacturers, importers, traders, suppliers, distributors and other related industrialists from the amusement, leisure and entertainment industry. IAAPI's objective is to promote, encourage, protect and safeguard the interests of the sector.

The growth of the Indian Amusement industry is featured in the November/December 2008 issue of Australasian Leisure Management.


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.


supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

Centaman Entrance Control

Turnstile Entry Systems and Access Control Centaman Entrance Controls’ Award Winning Range of Access Control Systems includes tripod & triarm turnstiles, speedgates, full height…

read more

Access / Entertainment / Sport / Ticketing / Venues



Digonex is a leading provider of customised dynamic pricing solutions to clients in arts and entertainment, sport, attractions, cultural institutions and retail sectors. Digonex’s technology is…

read more

Attractions / Entertainment / Sport / Technology / Ticketing


Goplay Commercial Playground Equipment

Goplay designs and manufactures specialised playground equipment for indoor play centres, hotels, food chains, clubs and resorts. If our years of experience and dedication have taught us one thing,…

read more



Anti Wave International

Anti Wave International is the original suppliers of top performance swim, aquatic sports, leisure and pool programming equipment. Founded in 1971, Anti Wave International is proud of its…

read more

Aquatics / Play / Sport



Gladstone Health & Leisure (Gladstone MRM Pty Ltd Australia) is a leading supplier of leisure management and fitness software and is endorsed by leading health and fitness professionals and…

read more

Access / Billing / Fitness / Technology / Venues



Recreation Management Software for managing all your program registrations, facility bookings, membership pass sales and Point of Sale; including detailed reporting, automated customer communication…

read more

Access / Billing / Finance / Marketing / Technology


Yellowbox Lockers

Yellowbox is an Australian technology company that has developed smart locker technology operated through an app with a focus on experience for users and facility managers. Found at Beaches, Aquatic…

read more

Aquatics / Attractions / Entertainment / Retail / Security



revolutioniseSPORT is the emerging market leader in online club management in Australia. Whether it is memberships, registrations, events, online sales or governance tools - revolutioniseSPORT is the…

read more

Recreation / Sport / Technology


get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business