MUMBAI: TimePass Media Private Limited has announced the launch of their cinema exhibition project to install over 5000 digital 3D cinema halls across small towns and rural India in the next two years.
The company also aims to cover each of the 600,000 villages of India under its entertainment exhibition network in the next next years.
In this regard, the company has lined up commitments of over Rs 6.5 billion for a unique ‘Local Partnership‘ model that will finance and nurture local entrepreneurs and make them owners of The TimePass Digiplex."
Quoting India‘s UN representative Nirupama Sen, Krishnan said, "India is on the cusp of a demographic dividend. By 2020, compared to China‘s 35 years, the average age of the Indian citizen will be under 30 and the majority of these young people will be in tier III, IV cities, small towns and villages which forms the real India."
TimePass Media‘s launch of the Digiplexes in small towns and rural India will fulfil the need by providing mainstream big screen entertainment combined with rich multimedia based vocational training in a youth-friendly environment.
