₹3 crore per screen NEW DELHI : Though multiplexes have fast-tracked their expansion plans, screen count will take time to reach pre-pandemic levels in India, said industry experts.
The first and second wave of covid had sounded the death knell for 2,000 single screens across India and multiplexes will be able to add a maximum of 500 new screens by the end of 2022-23, they added.
While PVR, INOX, Cinepolis and Miraj are looking to add 70-100 screens, each, during this financial year, expansion is expected to slow down in the next few years, they said.
According to analysts, multiplexes signed many properties before the covid outbreak and the new screens will not be able to fill the void left by single screens in smaller towns.