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

 

India’s domestic fundamentals remain strong as FPI inflows revive: Jefferies’ Chris Wood

New Delhi: Jefferies' Christopher Wood has reiterated a positive outlook on India, citing strengthening domestic fundamentals, improving credit growth and the return of foreign portfolio investors (FPIs), while making changes...

FSSAI directs PIE Foods to halt sale of monk fruit sweetener products over regulatory violations

New Delhi: The Food Safety and Standards Authority of India (FSSAI) on Friday said that it issued a prohibition order directing PIE Foods to immediately stop the sale of its...

Meta’s AI model hacked external system during cybersecurity test

New Delhi: Technology giant Meta Platforms Inc. reported that one of its artificial intelligence models accessed the internet and hacked into an outside service's systems during cybersecurity testing following other...

India can become global leader in affordable caregiving: NITI Aayog

New Delhi: There is a growing need to develop a cadre of trained caregivers to address the current and future demand of care services in the country and also the...

India’s women physicists break barriers; head firms driving R&D growth

New Delhi: India has produced notable women physicists but female representation in academic physics remains low, however an increasing number of the country's women physicists are making globally acclaimed contributions,...

RBI projects GDP growth at 6.7 pc for FY27 as India remains fastest-growing economy

New Delhi: Terming India as the fastest-growing economy amid persistent global uncertainties, the Reserve Bank of India (RBI) on Wednesday projected real GDP growth at 6.7 per cent for FY27,...

RBI holds repo rate at 5.25 pc, maintains neutral instance as global tensions linger

New Delhi:The Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 5.25 per cent, while maintaining the status quo in its latest Monetary Policy Committee (MPC)...

More than 6.7 Lakh MSMEs achieve ZED certification; women-led firms enjoy 100 pc subsidy

New Delhi: MSME Sustainable Zero Defect Zero Effect certification scheme has registered around 9.49 lakh MSMEs and women‑owned enterprises are eligible for a 100 per cent subsidy on ZED certification,...

J&K sees rise in financial frauds; records scams worth Rs 193.49 crore during 2025-26

Srinagar:Jammu and Kashmir has recorded 103 financial fraud cases totalling Rs 193.49 crore during the 2025-26 financial year, with a recovery of Rs 6.92 crore, according to data shared by...

Sensex may test 79,200, Nifty seen heading towards 24,850 next week: Analysts

Mumbai: After staging a strong comeback this week, the Indian equity benchmarks are expected to remain on a positive footing in the near term, with the Sensex likely to test...

RBI revises deposit rules to enhance transparency, uniformity; new norms effective October 1

Mumbai:The Reserve Bank of India (RBI) has revised the regulatory framework governing deposit interest rates, introducing measures aimed at enhancing transparency and ensuring uniform treatment of depositors across banks. The...

Gold posts 1.16 pc weekly dip amid firmer dollar

Mumbai: Gold prices dipped 1.16 per cent on a weekly basis as higher US Treasury yields and a firmer dollar capped safe‑haven demand. On Friday, MCX gold August futures gained...

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