Entertainment City in Amaravati to create jobs, attract FDI: CM Naidu

Amaravati: Andhra Pradesh Chief Minister N. Chandrababu Naidu said on Sunday that India’s first Transmedia Entertainment City to be launched here will create 25,000 jobs and attract Foreign Direct Investment (FDI).

 

The Chief Minister posted on ‘X’ that the state government has entered into a Memorandum of Understanding (MoU) with Creative Land Asia (CLA).

“Delighted to announce that GoAP has entered into a historic MoU with Creativeland Asia to launch Creatorland, India’s first Transmedia Entertainment City, in the people’s capital Amaravati,” read his post.

“With an aim to create 25,000 jobs, the project is set to attract FDI, bring large-scale development, and empower local talent to Create in AP & Create for the World,” he added.

The Chief Minister stated that this world-class creative township will be a hub for film, gaming, music, virtual production, immersive storytelling and AI-driven content.

“With cutting-edge infrastructure, global partnerships, and a Creatorland Academy to skill our youth, AP is set to become a global destination for the creative and digital industries,” the Chief Minister said.

The state government signed the MoU with CreativeLand Asia (CLA) to conceptualise and operationalise ‘Creatorland’, India’s first Transmedia Entertainment City.

The MoU was signed during the WAVES summit held in Mumbai from May 1 to 4, 2025.

The Creatorland is proposed to have immersive theme parks, gaming zones and global cinema co-production zones. It is also expected to help drive job creation, skill development, tourism and digital innovation.

Creatorland is expected to attract investments between Rs 8,000 – 10,000 crore over the next 5-6 years that will go towards the creation of a Virtual Studio Complex powered by AI-based real-time rendering and volumetric capture technologies, immersive theme parks, gaming zones, e-sports arenas, and global cinema co-production zones, CreatorLand Academy for skilling youth in VFX, AI, gaming, and immersive storytelling.

The MoU was signed in the presence of Andhra Pradesh Minister for Tourism and Culture Kandula Durgesh, CEO of State Tourism Amrapali Kata and founder of CreativeLand Studios Entertainment and Chairman of Creators Inc, London Sajan Raj Kurup.

IANS

 

HSBC upgrades India to ‘Overweight’, predicts Sensex at 94,000 by 2026

New Delhi: Indian equities are set to be in a stronger position in 2026 on the back of lower inflation, tax reforms, and an easier monetary policy, a HSBC Global...

IndiGo offers travel vouchers worth Rs 10,000 to severely impacted customers

New Delhi: Limping back to normalcy, IndiGo on Thursday offered travel vouchers worth Rs 10,000 to customers who were severely impacted during the flight disruption earlier this month. The airline...

Number of startups in India cross 2.01 lakh, create over 21 lakh jobs

New Delhi: There has been a sustained growth of the startup ecosystem in the country with the Department for Promotion of Industry and Internal Trade (DPIIT) listing as many as...

India’s financial sector outperforms global peers in 2025 amid geopolitical tensions

New Delhi: India's financial sector outperformed major global peers with broadly positive outcomes amid geopolitical tensions, tariff wars and supply‑chain disruptions, showcasing resilience and stability, a report said on Tuesday....

IMF lists India’s UPI as world’s largest real-time payment system

New Delhi: The International Monetary Fund (IMF) has recognised India's Unified Payments Interface (UPI) as the world’s largest retail fast-payment system by transaction volume, the Parliament was informed on Monday....

IndiGo parent loses nearly Rs 37,000 crore in market value amid flight chaos

Mumbai: InterGlobe Aviation Limited, the parent company of IndiGo, saw its market value shrink sharply on Monday as the airline continued to grapple with one of the worst travel disruptions...

Sensex, Nifty witness sharp decline ahead of US Fed policy decision

Mumbai: Indian equity indices fell sharply on Monday amid broad-based selling as investors turned cautious ahead of the US Fed policy decision this week. Persistent selling from FIIs also dragged...

Global events, inflation data, FII trends likely to drive Indian markets next week

Mumbai: The Indian stock market is set for a key week ahead, with investors closely watching a mix of domestic and global factors that could shape market sentiment. Inflation data,...

Domestic investors pour $81.3 billion into Indian markets in 2025 to date

Mumbai: Domestic institutional investors (DIIs) have pumped $81.3 billion into Indian equities in 2025 year‑to‑date, surpassing full‑year inflows in 2024, even as foreign institutional investors (FIIs) made net outflows of...

India’s GDP likely to grow at 7.2 pc this fiscal: Report

New Delhi: India’s gross domestic product growth is expected to grow 6.4 per cent in the third quarter and 6.3 per cent in the fourth quarter of fiscal 2026, a...

FDI inflow up record 16 pc in 1st half this fiscal, FTAs signed with 15 nations: Minister

New Delhi: Total foreign direct investment (FDI) inflow reported during the first half of FY 2025-26 ($50.36 billion) has increased by 16 per cent compared to year-ago period ($43.37 billion)...

RBI to cut policy repo rate by 25 bp on Dec 5: HSBC

New Delhi: Since inflation is set to remain well below target for the foreseeable future, HSBC Global Investment Research on Monday projected that the RBI will cut rates by 25...

Read Previous

Inaugural ‘WAVES Bazaar’ to see deals worth Rs 1,000 crore: Govt

Read Next

Dhanush surprises the audience at A. R. Rahman’s Mumbai concert

WP2Social Auto Publish Powered By : XYZScripts.com