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

 

Rs 11,200 crore Noida International Airport gives major connectivity boost, drives economic growth

New Delhi/Noida: The Phase-1 of the Noida International Airport, to be inaugurated by Prime Minister Narendra Modi on Saturday, is set to boost connectivity and ease Delhi-NCR travel, along with...

Google expands Search Live globally, now available in additional Indian languages

New Delhi: Google has rolled out Search Live globally, enabling interactive, real‑time conversations with Search in AI Mode across more than 200 countries and territories, using both voice and camera,...

Crude oil drops over 5 pc this week, hovers above $100 amid global uncertainty

Mumbai: Global crude oil prices remained highly volatile this week, with both the key benchmarks trading in negative on Friday. Brent crude futures fell as much as 2.29 per cent...

All fuel outlets operating normally, rapid rollout of PNG connections underway: Centre

New Delhi: All retail outlets are operating normally with sufficient petrol and diesel stocks to meet national demand, according to the government, while a rapid rollout of PNG connections is...

India’s growth to remain resilient at 7.1 pc in FY27 despite geopolitical tensions: S&P Global

New Delhi: India’s growth remains resilient at an estimated 7.1 per cent for FY27, even as geopolitical tensions in the Middle East pose challenges to the broader Asia-Pacific region, according...

Gold and silver prices tumble over 4 pc as West Asia tensions ease

Mumbai: Gold and silver prices witnessed a sharp decline on Tuesday, even as hopes of de-escalation in the West Asia conflict weighed on safe-haven demand after the US President announced...

Markets rally as Trump signals pause in Iran strikes, energy risks persist

Washington: Global markets rallied after President Donald Trump signalled a pause in strikes on Iran, but analysts warned that the underlying energy crisis remains unresolved. Stocks surged, and oil prices...

Goldman Sachs raises 2026 oil price forecast by 10 pc on Hormuz disruption

New Delhi: Analysts at Goldman Sachs have sharply raised their oil price forecasts for 2026, citing severe disruption to shipments through the Strait of Hormuz, which they described as the...

HDFC Bank takes biggest hit as market valuation plunges over Rs 56,000 crore in last week

Mumbai: HDFC Bank emerged as the biggest loser among India’s most-valued companies last week, with its market valuation plunging by over Rs 56,000 crore, even as the broader stock market...

Gold plummets 5.89 pc this week amid profit booking, dollar surge

New Delhi: Gold prices dipped 5.89 per cent during the week, over successive sessions of profit booking and stronger dollar. On Friday, MCX gold April futures added 0.23 per cent...

WFH to modern cooking, IEA lists immediate actions to mitigate energy crisis

New Delhi: As the West Asia crisis escalates, the International Energy Agency (IEA) on Friday set out a range of demand-side actions — including work from home and avoiding air...

Gold, silver prices slide up to 2 pc as US Fed keeps rates unchanged

Mumbai: Gold and silver prices witnessed a sharp fall on Thursday following the US Federal Reserve’s latest policy decision announced overnight, even as escalating geopolitical tensions in the Middle East...

Read Previous

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

Read Next

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

WP2Social Auto Publish Powered By : XYZScripts.com