Wonderla Holidays Ltd to expand its business to Bhubaneshwar, Odisha

 

Wonderla signs agreement with Odisha Government to lease 50.630 acres land

National, June 30, 2022: Wonderla Holidays Ltd, India's largest amusement park, announced the signing of an agreement with Odisha government for the development of an amusement park project in Bhubaneshwar, on Wednesday. Wonderla has leased a 50.630-acre land for 90 years in the village of Kumarbasta, Khorda district in Bhubaneshwar, Odisha.  Wonderla is planning for a 115-crore investment project based on an asset -light business model.

“The Odisha Government had invited Wonderla Holidays to their state to set up a park in Bhubaneshwar and have been very helpful. They have been giving us a lot of favourable terms and a lot of incentives are being given for us to set up the park in Bhubaneshwar. The funding for the same will be a combination of internal accruals and some debts according to internal reports,” said Mr. Arun K Chittilappilly, Managing Director, Wonderla Holidays.

Wonderla Holidays operates three Wonderla brand amusement parks in South India. The company opened its first park in Kochi in 2000, second one in 2005 at Bengaluru and third one in Hyderabad in 2016. All parks of Wonderla have a variety of rides available for the patrons to enjoy.

 

About Wonderla Holidays Ltd:

Wonderla Holidays Limited is India’s largest and most popular amusement park operator. The company currently owns and operates three amusement parks in Kochi, Bangalore, Hyderabad, and a resort at Bangalore named ‘Wonderla Resort’. Many of its rides are custom made and imported from reputed international suppliers, making them unique in India. Wonderla parks have been visited by over 3 crores visitors since 2000 making them the most visited amusement parks in India. Wonderla is among the top ranked amusement parks in India and Asia. Wonderla is certified for the Integrated Management System by BV India as per the standards under ISO 14001:2015 and OHSAS 45001:2018.

For further information on Wonderla, visit www.wonderla.com