Andover to build over 7 aquariums in India in 5yrs

New Delhi: Singapore-based private equity firm Andover is planning to construct over seven large-sized public aquariums across India in association with Bhasin Group over the next five years.

Both companies have formed an equal joint venture and are gearing up to open one such aquarium by the end of this year in Greater Noida.

Bhasin Group Managing Director S S Bhasin said it will start exploring new cities for building aquariums once the first project is thrown open to public. "We are investing USD 9 million with our partner in this aquarium in Greater Noida. This will be ready for public by the end of this year," he added.

"In a big country like India, strangely, there is not a single aquarium. We are planning to open such important tourist destination here. We could open two-three aquarium in every 18 months for the next five years," Andover Group President Sindu Zhang Huihan told PTI.

Andover, which has interests in real estate, manufacturing sector and leisure industry, will develop all these aquariums in association with its partner Bhasin Group. Huihan, however, declined to share any investment amount that is likely to be put in by the two entities.

The Noida aquarium will be a part of a Rs 750-crore real estate project, comprising a five-star hotel, a shopping mall and an office complex.

Elaborating on the upcoming aquarium, Huihan said it likely to house 12,000-13,000 different types of fishes. "We will acquire different species of fishes from various places like Australia and South Africa. The one lakh sq ft area aquarium will have have about 35 per cent of fishes from abroad," he added.