India waits for date with Disneyland, but Walt Disney... - Financial Express 05/16/05
Article from Financial Express - May 16, 2005
India waits for date with Disneyland, but Walt Disney keen on retail
There’s no immediate plan to set up a Disneyland in India, says Rajat Jain, MD, Walt Disney India
NEW DELHI, MAY 15: India could lose out to Singapore, China or Dubai in getting the next Disneyland in Asia. But, The Walt Disney Company has significant plans for India, once FDI is allowed in the retail sector. Walt Disney, which has partnerships with international retail chains like Wal-Mart, Tesco and Carrefour, is keen to have a strong consumer products business in India. FDI in the retail sector will make this possible through organized retailing.
Even as the recent visit of Walt Disney chief executive Michael D Eisner was seen as a step to finalise the theme park project in the country, it is learnt that India may not have a Disneyland in the next five to ten years. Instead, the US-based media and entertainment major, with $31-billion revenues, is exploring other markets like Singapore, China and Dubai for setting up Disneyland, industry sources indicated. For the next destination in Asia, Singapore and Dubai score high as both have good infrastructure and attract huge number of tourists. China is attractive for its population and the booming consumer market.