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

 

Elon Musk withdraws fraud claims in OpenAI case before trial

New Delhi: Elon Musk, CEO of Tesla, has reportedly withdrawn fraud claims against OpenAI and its co-founders Sam Altman and Greg Brockman, narrowing the scope of his lawsuit on the...

Google to invest up to $40 billion in Anthropic amid global AI race

New Delhi: US tech giant Google plans to invest up to $40 billion in the artificial intelligence (AI) firm Anthropic, as global technology giants accelerate their push into advanced AI...

India, S. Korea sign landmark Paris Agreement Article 6.2 pact to launch cross-border carbon market

New Delhi: India and South Korea have taken a significant step toward advancing global climate cooperation by signing a bilateral agreement under Article 6.2 of the Paris Agreement, a report...

FM Sitharaman warns of ‘unprecedented’ risks from Anthropic’s Mythos AI, says banks must stay vigilant

New Delhi: Finance Minister Nirmala Sitharaman on Friday said that Indian banks are adequately prepared to deal with emerging technology-related challenges, even as she raised fresh concerns over risks linked...

India, New Zealand set to sign FTA for improved market access on April 27

New Delhi: As India and New Zealand prepare to sign a Free Trade Agreement (FTA) on Monday, both sides are expected to benefit from expanded trade ties and improved market...

Oil prices surge amid stalemate in peace talks extending supply chain disruption

Mumbai: Global oil prices edged higher on Thursday due to a stalemate over the next round of peace talks between the United States and Iran that kept the energy artery...

4 carmakers to recall over 530,000 vehicles due to faulty parts

Seoul: Hyundai Motor, Kia and two other carmakers will voluntarily recall over half a million vehicles in South Korea to address defective components, the transport ministry here said on Wednesday....

Crude oil prices near $100 again as Strait of Hormuz remains constrained

Mumbai: Global crude oil prices edged higher to nearly $100 a barrel on Wednesday as traders and investors analysed the outlook for US-Iran peace talks following US President Donald Trump’s...

RBI tightens e-mandate rules, makes extra authentication mandatory for recurring payments above Rs 15,000

Mumbai: The Reserve Bank of India (RBI) on Tuesday issued consolidated guidelines for e-mandates in digital payments, mandating an additional factor of authentication (AFA) to enhance the security of recurring...

Adani Power’s arm sets up new atomic energy subsidiary

Ahmedabad: Adani Power Limited on Tuesday announced the incorporation of a new step-down, wholly-owned subsidiary as it strengthens its presence in the atomic/nuclear energy space. In a regulatory filing, the...

AI firms invest 4 times more in core capabilities, leaders see 39 pc returns: Report

New Delhi: Technology companies with successful artificial intelligence (AI) initiatives invest up to four times more in core capabilities such as data quality, governance, AI-ready talent and change management, even...

Rupee rises by 10 paise as crude rallies; precious metals fall nearly 2 pc

Mumbai: The Indian rupee gained 10 paise on Monday, opening at 92.83 against the US dollar, buoyed by a significant decline in crude oil prices, optimism around easing geopolitical tensions,...

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