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
Crude oil prices slip 1 pc amid US-Iran ceasefire extension reports
New Delhi:Global crude oil prices fell 1 per cent in early trade on Friday as reports claim that the United States and Iran had agreed to a 60‑day memorandum...
Asian shares decline as fresh US-Iran tensions weigh on sentiment
New Delhi: Asian markets traded lower on Thursday as renewed geopolitical tensions following fresh US military action against Iran weighed on investor sentiment, while oil prices rebounded 4 per cent...
Adani Group stocks erase Hindenburg-era losses as market value nears Rs 19 trillion
Mumbai: Shares of Adani Group companies have recovered all losses triggered by the 2023 Hindenburg Research report, with the conglomerate’s combined market value nearing Rs 19 trillion amid improving investor...
HDFC Bank shares fall over 2 pc amid allegead payment irregularities
New Delhi: Shares of India's largest private lender HDFC Bank fell more than 2 per cent during early trade on Wednesday following a report alleging irregular payment practices and raising...
Hyundai Motor America recalls over 4 lakh vehicles over braking defect
New Delhi: Hyundai Motor America -- the US unit of South Korean automaker firm -- has recalled more than 421,000 vehicles over a software defect that could trigger sudden and...
Rupee will recover as uncertainty eases, don’t panic at Rs 100 per dollar: Arvind Panagariya
New Delhi: Economist and former NITI Aayog Vice-Chairman Arvind Panagariya has said there is no need to panic if the rupee touches the Rs 100-per-dollar mark, asserting that the...
Nearly 1 in 2 firms in India identify AI, digital, data skills as key workforce constraint
New Delhi: As artificial intelligence (AI) unfolds an exciting yet uncertain future at the global level, 45 per cent of organisations in India identify AI, digital, and data skills as...
No overall shortage of petrol, diesel in country: Indian Oil Corporation
New Delhi: There is no overall shortage of petrol and diesel in the country and outages reported at some retail outlets are "highly localised" and temporary, Indian Oil Corporation (IOC)...
Global oil prices climb as Iran indicates scepticism of agreement with US
New Delhi: Global oil prices climbed on the last day of trading week after Iran cast doubt on market hopes for a near‑term agreement with the United States. Brent crude...
No evidence of bribery, case outside US jurisdiction: Top biz leaders back closure of Adani case
Washington: Indian-American business leaders and policy voices on Friday welcomed the closure of the case against the Adani Group in the US, arguing that the matter was outside the...
Adani Ports to acquire Jaypee Fertilizers for Rs 1,500 crore under JAL resolution
Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday said it has signed a definitive agreement to acquire Jaypee Fertilizers & Industries Ltd (JFIL) for Rs 1,500 crore...
Russian crude imports increase to 41 pc, supply secured till July: BPCL
New Delhi: State-run Bharat Petroleum Corporation Limited (BPCL) has increased its intake of Russian crude oil to around 41 per cent amid ongoing supply disruptions from the West Asia conflict,...
