Dutch Plaza Centers to invest Rs5,000cr in India

Netherlands-based Plaza Centers, today said that it would invest Rs 5,000 crore in the country over the next five-seven years to create 50 entertainment and commercial centres.

Plaza would create such centres across India covering Tier I, II and III cities.

"We see a huge opportunity in India and have long-term plans for the country. Like at the global level, we intend to launch several path-breaking innovations in India," Abraham Goren, executive vice-chairman, Elbit Imaging Group, owners of Plaza Centres, said today.

Plaza Centres is listed on the London Stock Exchange (LSE). It has created 42 entertainment and commercial centres across nine countries in Europe.