India's amusement parks and family entertainment industry is targeting Gulf investors to fund a projected massive increase in development of its theme parks and family entertainment centers.
The drive is being spearheaded by the Indian Association of Amusement Parks and Industries (IAAPI), a non-profit making industry body established in 1999. IAAPI estimates the current size of India's amusement park market is $40 million. This, the body says, is expected to more than triple to $133 million in 2004.
“Over 80 new amusement parks and leisure facilities are planned for the immediate future, providing huge business opportunities for GCC investors,” said IAAPI’s Alkarani Agarwal.
IAAPI brings together operators, manufacturers, importers, traders, suppliers, distributors and others allied to the amusement and leisure industry. It also lobbies the Indian government on industry related issues.
The Mumbai-based organisation launched its GCC investor campaign at Theme Parks and Fun Centres (TPFC) 2003 - the Middle East's only trade show for the region's amusement parks and attractions industry – that concludes at the Airport Expo on October 1, 2003. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
