Multiplex operator PVR has sought new incentives from Punjab government, including subsidized electricity, land at concessional rate and stamp duty exemption to promote multiplexes and cinemas in the state. Having already invested Rs 120 crore over last three years in Punjab, PVR Cinemas is now looking forward to getting state government's support.
Further, betting big on growing Punjabi film industry, PVR Cinema plans to add 40-50 screens in Punjab with an investment of Rs 100 crore in next three years
With fiscal incentives being offered depending upon the scale of investments, Punjab government's new industrial policy offers exemption from VAT, electricity duty, stamp duty, property tax for various industrial verticals including manufacturing, textiles, agro and food processing and electronics sectors.
PVR is engaged in the business of film exhibition. The company operates other business such as providing content, film distribution and Entertainment Park through its subsidiaries. Currently, the company has achieved the status of being India’s largest cinema chain
