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

 

Rejecting AI like rejecting electricity: Altman

Chapel Hill (North Carolina): OpenAI Chief Executive Sam Altman has warned governments against shutting artificial intelligence (AI) out of their countries, comparing such a move to rejecting electricity and saying...

FM Sitharaman pitches for India’s reform-led growth story to investors in New York

New York: Union Minister for Finance & Corporate Affairs Nirmala Sitharaman has pitched for India's reform-led growth story to investors at a high-level business roundtable here, highlighting the country's 7.8...

Meta launches ‘Muse Voice Transcribe’ with native support for five Indian languages

New Delhi:US-based technology giant Meta has introduced its first real‑time audio‑perception model -- Muse Voice Transcribe -- which offers native support for five major Indian languages and advanced streaming features....

UPI transactions surge by 20 pc to Rs 29.82 lakh crore in August

New Delhi: The Unified Payments Interface (UPI) transaction volumes went up 22 per cent (year-on-year) to 24.51 billion in the month of August, while UPI transaction value surged 20 per...

Tim Cook era ends as John Ternus takes over as Apple CEO

New Delhi: US-based technology giant Apple on Tuesday formally ushered in a new leadership era as John Ternus took over as chief executive officer (CEO), succeeding Tim Cook -- who...

Markets open lower amid renewed geopolitical tensions, rising crude oil prices

Mumbai: Domestic equity benchmarks opened lower on Monday weighed down by weakness across Asian markets and a sharp rise in crude oil prices amid renewed tensions in the Middle East....

India to clock 7 per cent growth in FY27: FM Sitharaman

Chicago:Finance Minister Nirmala Sitharaman said on Sunday that India is likely to sustain an economic growth rate of 7 per cent or more in the financial year 2026-27, continuing the...

Unfair to middle class: Delhi-NCR residents react to Rs 3.89/kg CNG price hike

New Delhi: With CNG prices increasing by Rs 3.89 per kg across Delhi-NCR, residents on Saturday expressed concern over the impact of the hike, calling it an additional burden on...

Govt rejects concerns over CBG price hike, says impact on CNG, PNG consumers will be negligible

New Delhi: The Ministry of Petroleum and Natural Gas on Saturday rejected concerns that the revised price of Compressed Biogas (CBG) under the GOBARdhan Scheme could place a significant additional...

Telecom subscriber base rises by 6.2 million to 1.35 billion in July: TRAI

New Delhi: India’s total telephone subscriber base increased by 6.2 million to 1.354 billion in July 2026, registering a monthly growth of 0.46 per cent, according to data released by...

‘India in bad position on AI’: Sam Pitroda

New York: India has made little progress in Artificial Intelligence (AI) despite the prominent role of Indian technologists in shaping the emerging industry, senior Congress leader Sam Pitroda has said,...

Tim Cook announces Apple donation for Nepal-Tibet flood relief and rebuilding

New Delhi: Apple CEO Tim Cook on Friday expressed solidarity with people affected by the devastating flash floods and mudslides that have caused widespread destruction along the Nepal-Tibet border, saying...

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