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

 

Maritime cooperation to UPI: India and Indonesia set to boost economic and trade ties

Jakarta: From maritime and defence cooperation to building a robust digital infrastructure, India and Indonesia on Tuesday inked several pacts that would help achieve a substantial upward trajectory in their...

Gold, silver prices fall up to 2 pc on weak global cues

Mumbai: Gold and silver prices extended their losses for a second consecutive session on Tuesday, with both precious metals declining by up to 2 per cent amid weakness in global...

Defence PSU stocks rally up to 3 pc after Rs 52,000 crore procurement nod

Mumba: State-owned defence companies' shares traded higher on Monday, surging up to 3 per cent after the Defence Acquisition Council (DAC) approved capital acquisition proposals worth around Rs 52,000 crore...

India auto industry sees best June ever, retails over 25.5 lakh units at 21.83 pc growth

New Delhi: The Indian auto industry saw best June ever recorded, retailing 25,57,234 units last month which is a robust 21.83 per cent year-on-year growth and a 1.03 per cent...

India-UK trade agreement set to come into force on July 15, rules notified

New Delhi: The India-UK Comprehensive Economic and Trade Agreement (CETA), set to come into force on July 15, provides duty-free access for 99 per cent of India's exports to the...

Maharashtra FDA warns against three beauty creams after tests detect excessive mercury, lead levels

New Delhi: The Maharashtra Food and Drug Administration (MFDA) has reportedly issued a public warning against the use of three cosmetic products after laboratory tests found dangerously high levels of...

Landmark India-Israel bilateral investment pact comes into force

New Delhi: The landmark India-Israel bilateral investment agreement (BIA), which was signed on September 8, 2025, came into force on Saturday. The trade pact is a significant step towards strengthening...

20 pc EV share by 2030 can save import bill worth Rs 1 lakh crore, Delhi policy shows the way

New Delhi: The West Asia crisis is transforming Indians’ travel preferences with a hastened shift to electric vehicles (EV) and EV penetration could save Rs 1 lakh crore of import...

SBI launches YONO upgrades, new AI capabilities on 71st Bank Day

New Delhi: State Bank of India on Wednesday said it rolled out a suite of AI‑powered digital innovations on its 71st Bank Day, and expanded its YONO platform with new...

Gold, silver extend losses as Fed rate concerns weigh on sentiment

New Delhi: Gold and silver prices continued to face selling pressure on Tuesday as investors and traders remained cautious over developments in West Asia and the US interest rate outlook....

UPI now live in Greece as India’s digital payment ecosystem expands globally: Piyush Goyal

New Delhi: Commerce and Industry Minister Piyush Goyal on Tuesday said that with unified payments interface (UPI) now live in Greece, eligible customers can transfer money instantly, securely, and seamlessly,...

Google restricts Meta’s access to Gemini AI capacity amid computing constraints

New Delhi: Google has imposed limits on Meta’s use of its Gemini artificial intelligence models after the social media giant sought more computing capacity than the company was able to...

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