Entertainment company PVR is aiming to double its number of multiplex screens in the next three years. PVR will touch 150-screen mark this week and the company is planning to invest Rs. 100 crore per year to complete target of 300 screens in the next three years.
PVR’s Chairman and MD Ajay Bijli told media, “Our core business is exhibition and we have decided to focus on it besides expanding our movie distribution business . We will make movies when we get good opportunities but we are not going to be aggressively looking at our film production business.”
PVR all set to indulge into movie production business, a part of their plan they have already bought JP Morgan Mauritius Holdings and India Advantage Fund from its subsidiary PVR Pictures last month.
