Film entertainment company PVR Cinemas is planning to open 60 screens across India in 2010, planning an investment of close to INR120 crore (INR1.2 billion, USD27 million).
The company, which made a foray into the Chennai market on Thursday with the opening of a multiplex of seven screens at Ampa City Walk, sees more revenues coming in from southern markets such as Andhra Pradesh, Karnataka, Tamil Nadu and Kerala.
(Source: The Financial Express)