Wonderla Holidays signs MOU with the Karnataka Govt during “Invest Karnataka 2016"

Bengaluru, Feb 4: Wonderla Holidays Limited on Thursday, Feb 4 announced an investment of Rs.150 Crore in the next two years in Karnataka.

Wonderla has signed MOU with the Karnataka Government at "Invest Karnataka Meet 2016". This investment will be used to expanding the Wonderla Amusement park in Bidadi, Bengaluru.

The MOU has been signed by the Government of Karnataka and is expected to help create 200 jobs by the time of completion. Wonderla plans to commence their expansion plan from 1st of April, 2016 and complete it by 31st of March, 2018.

"We are happy to announce our expansion plans in Bengaluru partnering with Karnataka Government. Bengaluru is a hub where people from all around the world come for studies or to pursue their career which builds up potential for growth and expansion.

From 2005, Wonderla, Bengaluru, has attracted more than 7.5 million people so we feel it is time to expand fun and amusement at the park" said Mr. Arun K Chittilappilly, Managing Director, Wonderla Holidays Ltd.

He further added that, "The Company already signed MOU's with Government of Tamil Nadu and Andhra Pradesh to set up amusement parks in these states to strengthen our footprint in South India."

About Wonderla Holidays Ltd:

Wonderla Holidays Limited is one of the largest operators of amusement parks in India. It is promoted by Arun K Chittilappilly and Kochouseph Chittilappilly and It currently owns and operates two amusement parks under the brand name ‘Wonderla', situated at Kochi and Bangalore.

It also owns and operates a resort besides its amusement park in Bangalore under the brand name ‘Wonderla Resort', which has been operational since March 2012.

Wonderla's amusement parks offer a wide range of water and land based attractions catering to all age groups. It has 60 fabulous rides in Wonderla Bangalore and 58 rides in Wonderla Kochi.

Wonderla is ranked India's No.1 amusement park and Asia's 7th best amusement park as per Trip Advisor ranking for the third consecutive year.

Highlights:

MOU signed with Hon Chairman of Karnataka Tourism Vision Group Mr.T.V.Mohandas Pai. as part of project expansion

Investment of 150 crores for the expansion.

Proposed year of commencement is from 1st of April, 2016

Expected to generate 200 jobs by the time of completion, which will be in 31st March 2018

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