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Essel Group plans special entertainment, tourism zone
April 08, 2010

Essel Group plans special entertainment, tourism zone


08 April 2010

PTI, Chennai:

Diversified business house Essel Group proposes to set up a special entertainment and tourism development zone near Mumbai, the Group Chairman, Mr Subhash Chandra, said here on Thursday.

“We are working in terms of creating a special zone for entertainment and tourism development in the suburbs of Mumbai. The total outlay is still being worked out”, he told reporters here at the sidelines of a function here.

The zone would come up on 800 acres and would be an extension of its popular theme park ‘Essel World’, he said.

“It will have various activities ... a theme park and even post production of foreign films... We will provide facility (at the venue) for post production,” he said adding that it would be promoted by a ‘new company of the group’.

On its infrastructure business, being operated under the brand name ‘Essel Infra Projects Pvt Ltd’, Mr Chandra said it has an order book size of Rs 4,000 crore.

The subsidiary has already constructed two roads each in Maharashtra and Madhya Pradesh on built, operate and transfer basis and is constructing five more roads on BOT basis, he said.

The Group has reported a turnover of Rs 10,000 crore as of March 2010 and expects a normal growth of 10-15 per cent over the next two-three years.

He replied in the negative when asked whether the ongoing IPL matches had affected the TRP ratings of the group owned television channels.