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
Consumption of diesel, petrol rises in April as economic activity picks up
New Delhi: India's consumption of petroleum products such as diesel, petrol and LPG recorded a significant increase in April this year, reflecting the rising level of economic activity in the...
Inaugural ‘WAVES Bazaar’ to see deals worth Rs 1,000 crore: Govt
Mumbai: The inaugural edition of ‘WAVES Bazaar’ was likely to see business transactions worth over Rs 1,000 crore, as deal-making was still underway, according to the government. Organised under the...
WAVES 2025: First-ever White Paper on India’s live events economy unveiled
Mumbai: Union Minister of State for Information and Broadcasting, L. Murugan, on Saturday unveiled a first-of-its-kind White Paper that presents a comprehensive analysis of India’s rapidly expanding live entertainment industry...
Outlook for rupee turns more positive as India remains attractive bet for investors
New Delhi: Given India’s strong macro fundamentals and growth prospects, it remains an attractive bet for investors and this, along with stable domestic macros and stable external position, are likely...
98.24 percent of Rs 2,000 banknotes have been returned: RBI
Mumbai: As many as 98.24 per cent of the Rs 2,000 banknotes which were in circulation as on May 19, 2023, have now been returned with the total value of...
Audi India to raise prices by up to 2 pc due to hike in exchange rate, input cost
Mumbai: German luxury car manufacturer Audi India on Friday announced a price increase of up to 2 per cent across its model range, due to hike in the exchange rate...
Deal with India close but not there yet: Top US trade official
Washington: India and the US are close to a trade deal but they are not there yet, the top US trade negotiator said on Wednesday. US media and policy circles...
India buys gold worth Rs 12,000 crore on Akshaya Tritiya, silver purchase at Rs 4,000 crore
New Delhi: India saw an estimated sale of gold jewellery and related items worth approximately Rs 12,000 crore on the occasion of Akshaya Tritiya on Wednesday, the Confederation of All...
Health and wellness top priority in changing jobs for Indian workers: Study
New Delhi: Health and wellness has become a top priority for a majority of workers in India, planning to change jobs, according to a report on Wednesday. The report by...
CCPA serves notices to 5 Delhi restaurants over non-refund of service charges
New Delhi: The Central Consumer Protection Authority (CCPA) on Tuesday said it has taken suo moto action against five restaurants — Makhna Deli, Xero Courtyard, Castle Barbeque, Chaayos and Fiesta...
Gold demand likely to rise by 10-15 pc on Akshaya Tritiya despite record-high prices
New Delhi: Despite its prices hovering near record highs, the demand for gold could see a 10-15 per cent increase during Akshaya Tritiya, which is on April 30 this year,...
India sees 92 pc surge in job applications by women for enterprise job roles: Report
New Delhi: India’s job market is surging ahead with renewed momentum in 2025, with applications from women for enterprise roles seeing a 92 per cent surge, a new report said...
