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
TCS, Bharti Airtel see big value erosion this week
Mumbai: Tata Consultancy Services (TCS) and Bharti Airtel witnessed a sharp fall in their market value this week, dragging down overall investor sentiment. The benchmark Sensex dropped by 932.42...
Commerce & Industry Ministry clocks hectic week to push exports, big projects
New Delhi: The Ministry of Commerce and Industry has concluded a hectic week with Union Minister Piyush Goyal travelling across the country from Srinagar in the north to Bengaluru in...
Google hires Indian-origin Varun Mohan to double down on AI coding
New Delhi: Tech giant Google has roped in Indian-origin Varun Mohan, co-founder and CEO of coding AI startup Windsurf, in a major move in the ongoing AI talent race. In...
Tesla’s first India experience centre to open in Mumbai on July 15
New Delhi: As Elon Musk-owned affordable satellite internet service Starlink gets prepared to finally launch its services in India, his other venture, electric car company Tesla, is also stepping closer...
UPI impact: India now makes faster payments than any other country, says IMF
New Delhi: Thanks to the massive adoption of unified payments interface (UPI) based digital transactions, India now makes faster payments than any other country in the world, an International Monetary...
India and OPEC have a unique and symbiotic relationship: Hardeep Puri
Vienna: Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, has emphasised India’s strong partnership with OPEC, discussing ways to ensure that oil markets remain balanced to ensure smooth...
India ranks among world’s top 10 tech markets in 2025, leads on talent availability
Bengaluru: India ranks among world’s top 10 tech markets in 2025, particularly standing out in terms of talent availability, with its top six cities making the top 10 list for...
Gold ETFs attract inflows of Rs 2,080 crore, highest in last 5 months
Mumbai: Gold exchange-traded funds (ETFs) recorded an inflow of Rs 2,080.85 crore in June 2025, the highest inflows in five months amid bullion prices in the domestic market traded near...
Trump doubles down on 10 per cent tariff for BRICS; threatens 200 per cent tariff on pharma
New York: US President Donald Trump doubled down on his threat to charge BRICS members an additional 10 per cent tariff and alleged that the group was “set up to...
Nearly 91 pc of retail investors incur net loss in equity derivatives in FY25: SEBI
Mumbai: The Securities and Exchange Board of India (SEBI) on Monday said that analysis of profit and loss of individual traders in Equity Derivatives Segment (EDS) suggests that at aggregate...
Shares of Indian textile firms rally as Trump slaps 35 pc tariff on Bangladesh
New Delhi: The Indian textile companies saw their shares surging in the morning trade on Tuesday after the US President Donald Trump slapped 35 per cent tariff on Bangladesh. Shares...
15 pc of $23 trillion global gold market now held in India: Report
New Delhi: While global forex reserves total around $12.5 trillion, the gold market is currently valued at $23 trillion, 15 per cent of which is held in India, according to...
