[7] While planning was under way for the tricentennial celebrations by the ruling State Government, Rajive Kaul, the current Chairman of Nicco Group, was in the US on a family holiday to Disneyland.

As per the story, when Kaul returned, there was an inquiry as to why he left for America when he was very much required back home for the planning process.

[8] After the inception of the idea, the Government of West Bengal along with Rajive Kaul followed through with their commitment to build an amusement park in Kolkata.They purchased the land from Subhas Chakraborty who was the owner of the previously existing Jheelmeel Park.They set up the company Nicco Parks & Resorts Ltd. (NPRL) which was a Joint Sector Company between National Insulated Cable Corporation Ltd. (now, Nicco Corporation Ltd.) representing the private sector and the Government of West Bengal represented by West Bengal Industrial Development Corporation Limited (WBIDC) and West Bengal Tourism Development Corporation Limited (WBTDC) on 17 March 1989.

The primary function of the company was to construct an amusement part in the outskirts of Kolkata,[9] which would be owned and maintained by Nicco Parks and Resorts Limited (NPRL).

Thompson, however, only offered the assistance of Blackpool Leisure & Amusement Consultancy Ltd provide technical expertise, including surveying the land and suggesting design and safety matters.

[11] Two years after the conception of NPRL, and at a total cost of about rupees 8 crores, Nicco Park opened with 13 rides.

In keeping with its green theme, a greenhouse is also run by the Indo American Hybrid Seeds Ltd. selling various types of plants.

Nicco Park has approximately thirty-five rides that include the Toy Train, Tilt-a-Whirl, Striking Cars, Paddle Boat, Water Chute, Water Coaster, Flying Saucer, Pirate Ship, River Caves, Cyclone and Moonraker.

A decommissioned MIG-21 fighter aircraft from the Bagdogra Airbase is on display at Nicco Park, serving as an attraction with educational value.

Sheroo Bazar and Souvenir Shop Wet-O-Wild are places where one can buy accessories such as T-shirts, coffee mugs and keychains.

[12] Recently there has also been a Memorandum of Understanding signed between NPRL and Intraco Group in order to set up a water park at a sea resort of Cox's Bazar at Chittagong, Bangladesh.

ITC Limited, TISCO, Britannia Industries, Bata, Nestle, Smith Kline Beecham, Union Carbide, Dunlop, ANZ Grindlays, Duncans, Goodricke as well as Cadburys are among those which have invested in the park by sponsoring rides and other attractions.