The proposal to erect a Mumbai Eye, similar to the London Eye, has been announced in the budget by the Brihanmumbai Municipal Corporation (BMC).
The Mumbai Eye is expected to attract 70 lakh visitors per year, twice as much as the London Eye.
The London Eye, with approximately 35 lakh visitors per year, is estimated to earn around 91 million pounds annually.
Merlin Entertainments Ltd., the operator of the London Eye, reported a loss of 214 million pounds in 2023 but delivered revenue growth of 23% year-on-year to 748 million pounds through its gateway attractions.