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Carnival Cinemas to lead Maharashtra region with 47 properties
Executed a strategic tie-up deal with Pune based cinema chain ‘E-Square’
35 new screens to come in next 3 months organically
6th June, 2018, Maharashtra: One of India’s leading and fastest growing national multiplex chain, Carnival Cinemas led by Dr. Shrikant Bhasi has executed a strategic tie up with E-Square Cinemas. In a bid to provide the best-in-cinema experience coupled with state-of-the-art technology, Carnival Cinemas will acquire 37 operational screens of E Square Cinema chain in June 2018. Previously Carnival had 106 screens in 35 properties in Maharashtra. E-Square Cinemas operates in Maharashtra: Pune, Pimpri, Aurangabad, Beed, Ahmednagar, Solapur, Latur, Parbhani, Yavatmal, Nanded under – Owned, Leased and Franchised Models.
Dr Shrikant Bhasi, Chairman and Founder, Carnival Group said, “Carnival Cinemas will be strengthening its presence in Maharashtra with these added locations. Now Carnival will have the maximum number of properties i.e. 47 in Maharashtra with 143 screens with this deal and 4 more screens shall be opened in Pune at Spine Mall by the end of this month. For Maharashtra we have some aggressive expansion plans in pipeline. We have recently opened new properties in Beed, Baramati and completely renovated and upgraded the properties in Mumbai, Nashik, Pune and outside Maharashtra also. Carnival now has a larger audience and a bigger stage to adopt new technologies and initiatives including plush power-recliner seats, enhanced food and beverage choices and premium large format screens.”
Mr Hemant Panchamia, Managing Director, E-SQUARE said"Carnival Cinemas is a fast growing multiplex chain, with a well-established presence pan India. We found a perfect synergy by associating with Carnival Group and look forward to closely working with them for further expansion of their Multiplex Business."
About Carnival Cinemas:
With its rapid expansion across India, Carnival Cinemas continues to be India’s fastest growing multiplex chain and have now the distinct honour of becoming the first ever cinema group to reach a remarkable milestone of being present in 120 cities across India. Carnival Cinemas is now spread across 20 states with over 162 properties and a total of 470 screens in the country with lavish interiors, luxurious seating arrangements, a wide selection of F&B and the best-in-class services at affordable prices. Carnival Cinemas entertains over 50 million patrons annually and has a total seating capacity of over 1,50,000. Carnival Cinemas has recently forayed into the overseas market with the commencement of operations in Singapore and has 8 screens there.
In India, its footprints are present in prominent states like Maharashtra, Delhi NCR, Gujarat, Andhra Pradesh, Uttar Pradesh, Rajasthan, Punjab, Kerala, Karnataka, Tamil Nadu, Telangana, Madhya Pradesh, Haryana, Jharkhand, Chhattisgarh, Uttarakhand, West Bengal, Bihar, Goa and Himachal Pradesh.
In sync with the current growth plans, Carnival Cinemas has signed MoUs with Governments of Jharkhand and Odisha in order to set up 75 theatres-cum-recreation zones and 150 screens in the respective states. This will enable the Group’s vision of holding 1000 screens by 2018 in India, each one providing a state-of-the-art movie experience and premium service standard.
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India is committed to improving ease of doing business:ON JANUARY 26, 2018 BY NARESH SAGARLEAVE A COMMENTEDIT
Housing and Urban Affairs Minister Hardeep Singh Puri today said India is committed to improving ease of doing business. Addressing the 42nd Joint Meeting of India- Japan Business Cooperation Committee in New Delhi, Mr Puri said, India offers opportunities to Japan in the fields like Make In India, Digital India, Skill India and Smart City Project.
He said, during the last three years, the government has taken a lot of initiatives to improve economic growth, investors confidence and business sentiments in the country. He said, India is the most liberal FDI regime in the world and during 2016-17, the country received foreign direct investment inflow to the tune of 60 billion dollars. Nation celebrates 69th Republic DayON JANUARY 26, 2018 BY NARESH SAGARLEAVE A COMMENTEDIT
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