Over the next three years, fitness chain Talwalkars Better Value Fitness as a part of their overseas expansion plan is planning to open 100 gyms in Sri Lanka by investing Rs 100 crore.
The fitness company revealed that they will be investing in the latest equipment and technology in each of the newly opened facilities in Sri Lanka. It will be opening 10 gyms in Sri Lanka in collaboration with the Colombo-based Power World Gyms Ltd.
Talwalkars see Sri Lanka as potential market because of transformational growth in the health and fitness market, increasing disposable incomes and heightened levels of awareness in maintaining healthy lifestyles.
Talwalkars had picked up a 49.5 per cent stake in PWG for an undisclosed amount in October last year. Talwalkars own 160 gyms across 84 cities in India.