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July 20, 2024
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Pre-Budget Quote Wonderla Holidays

Arun K Chittilappilly, MD, Wonderla Holidays

Arun K Chittilappilly, MD, Wonderla Holidays

“We, at Wonderla, eagerly anticipate the upcoming Union Budget and its potential to revolutionize the Indian amusement park industry. With projected growth at a 20% CAGR over the next five years, reaching ₹6,000 crore, our sector is poised to boost the economy and enhance travel and hospitality.

We hope the budget prioritizes protections from local body taxes and supports subsidies or accelerated depreciation for parks in Tier 2 cities. Aligning with initiatives like Make in India, these measures can spur industry growth, local manufacturing, and job creation. Increasing the interest exemption limit from ₹2 lakh to ₹5 lakh and raising the basic exemption limit to ₹ 10 lakh or so would stimulate disposable income, encouraging more spending on leisure and entertainment within the country.

These changes could transform our industry into a vital part of India’s economic and social fabric, offering high-quality, safe entertainment to a broader audience. We look forward to the budget unlocking these opportunities, making world-class amusement parks and entertainment more accessible across India – Arun K Chittilappilly, MD, Wonderla Holidays

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