Mexico's Cinepolis eyes Rs. 1,200 cr turnover from India by 2017.

Mexican multiplex chain Cinepolis is aiming to clock Rs. 1,200 crore in turnover from Indian operations by 2017 as it expands presence across the country.

The firm, which has over 80 screens in the country, expects India to account for 10% of global revenues by that time.

'Presently, India contributes around 4% of our international revenue (outside of Mexico). It would increase... We expect it to be more than double, nearly to 10 per cent by 2017. Roughly, about Rs. 1,200 crore,' Cinepolis India Managing Director Javier Sotomayor told PTI.

Cinepolis expects its global revenues to touch $2 billion by 2017, he added.

Headquartered in Morelia, Mexico Cinepolis is world's fourth largest movie theatre circuit, operating more than 3,000 screens in 11 countries.

The company also plans to pump in about Rs. 1,500 crore over the next three years to increase its screen count to 400 by December 2017.


BS