India’s largest multiplex operator PVR plans to open its first project in Sri Lanka in next two years, a top company official has said.
“We are opening in Sri Lanka, it’s not a massive foray but it’s still outside the shores of India. We are opening there in 24 months. Two properties are there in Colombo,” PTI reported quoting PVR Chairman and Managing Director Ajay Bijli.
Gurgaon-based PVR, the largest theater chain in India currently operates 600 screens in 51 cities in the domestic market. The company is aiming to have an annual foot fall of 100 million in next two years and to have around 1,000 screens by 2022.
Besides Sri Lanka, the firm is also looking for other neighboring countries like Myanmar and other emerging markets for its overseas expansion.