Carnival Group to invest huge to set up 80 multiplexes

Carnival Group, which owns and operates Carnival multiplexes, announces that they will be investing Rs 300 crore to set up over 80 multiplexes in tier II and III cities across the country. The company said it is focusing on the second rung cities to tap the latent demand for multi-screens in such cities. Carnival Cinemas has presence in Kerala, Karnataka, Tamil Nadu, Maharashtra, Madhya Pradesh, Uttar Pradesh and West Bengal. The company runs about 460 multiplexes in 112 centres. And the company’s plan to set up 80 new multiplexes will be  an added business opportunity for the signage companies dealing in in-shop designs, displays and such related activities.