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Wonderla Holidays has signed an MoU with the Karnataka Government at the Invest Karnataka 2016 – global investors meet.
The company has announced an investment of Rs 150 crore in the next two years in Karnataka.
An MoU to this effect was signed with Chairman of Karnataka Tourism Vision Group TV Mohandas Pai as part of project expansion and the company is planning to Invest Rs 150 crore.
The proposed year of commencement is said to be April 1, 2016, and is expected to generate 200 jobs by the time of completion in March 31, 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 Arun K Chittilappilly, Managing Director, Wonderla Holidays Ltd.
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