Cinepolis to fuel in Rs. 1500 crore for expansion in India

With a motive of expanding its empire to around 40 Indian cities, the digital multiplex chain for films Cinepolis holds plans of fuelling in Rs. 1500 crores to open about 500 screens in these cities. The whole investment will be implemented in steps by the year 2016.

The Mexico based international film exhibitor that runs the megaplex format of cinema complexes plans to open a similar format in India with each megaplex featuring about 14 screens in a single complex. Each screen would be of 8,000 sq ft area.

“We plan to revolutionise the megaplex concept in India by providing international standards of movie viewing. Our plan is to open about 500 screens across the country and build the megaplexes in malls only.” A top company official said.

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