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.

4th August 2008 - MASSIVE GROWTH IN INDIAN AMUSEMENT INDUSTRY


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 www.ausleisure.com.au 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

HTS Group Ltd

HTS Group Ltd provides a complete design, system integration, installation and maintenance package to the transportation, traffic engineering, parking and sports timing industries in New Zealand,…

read more

Aquatics / Events / Sport / Technology

 
 

Hydrocare Pool Services

Hydrocare Pool Services Pty Ltd offer 30 years of experience in aquatic industry features, products and water treatment. Hydrocare Pools has undertaken water treatment for aquatic centres and…

read more

Aquatics / Attractions / Play / Recreation / Technology

 
 

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

 
 

Fun Wheels Pty Ltd

Fun Wheels Pty Ltd are the premium dealer in Australasia for the Dutch company BERG’s commercial and domestic products. Our flagship product is their revolutionary pedal go-kart – the…

read more

Attractions / Tourism / Venues

 
 

XBODY Australia Pty Ltd

PROVEN BUSINESS CONCEPTS WITH XBODY XBody’s goal is to see you and your EMS business succeed. That is why we don’t just sell equipment, we provide know-how, expert knowledge,…

read more

Fitness / Technology / Wellness

 
 

GUNNEBO

Gunnebo is a global provider of security and access control solutions and services with sales companies in 31 countries in Europe, the Middle East, Africa, Asia, the Americas and Australia.…

read more

Attractions / Entertainment / Security / Ticketing / Venues

 
 

Mattioli

Mattioli provides award winning painting, flooring and waterproofing services to the aquatics and recreation sector. We’re recognised as the leading contractor in the industry with award-winning…

read more

Aquatics / Recreation / Safety

 
 

Worldwide Sports Management

Principal Consultant Simon Weatherill has spent the last 20 years developing the world renowned Melbourne Sports Hub, as former Chief Executive Officer of the State Sports Centres Trust…

read more

Aquatics / Consultants / Recreation / Sport / Venues

 
 
 
 

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