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India eyes Sentosa-style theme parks
Monday, 02 Dec, 2011
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India is planning to invest US$200 million in developing 20 tourism parks across the country.
Taking its cue from Singapore’s s Sentosa island, each tourism park, built on 50 acres of land, would include entertainment and sports facilities, F&B outlets, hotels, restaurants and venues for cultural festivals.
The parks are expected to be joint partnerships between private investors and the government, whose role will be to facilitate connectivity and infrastructure.
An initial investment of US$10 million per park will be allocated by the central government, with the rest of the startup funding sourced from the respective state governments and private sector partners.
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