Image Source: primefocus.com
Prime Focus Ltd, the world's largest independent integrated media services powerhouse, today announced signing a historic Memorandum of Understanding (MoU) with the Government of Maharashtra for an indicative investment of ₹3,000 crore (approximately $400 million USD). The transaction includes the development of a next-gen global entertainment hub in Mumbai that will be one of the technologically most advanced and digitally most integrated content creation hubs of the world.
The long-term mega project will house the development of a gigantic entertainment complex that includes world-scale production facilities, live entertainment assets, theme parks, experience and immersive facilities, upscale shopping and dining venues, luxury hotels, and residential spaces. Thousands of high-skilled jobs will be created, in addition to greatly increasing tourism in the region further solidifying it as India's media and film industry hub.
Maharashtra Chief Minister Devendra Fadnavis, who was present at the signing, stated, "This development is part of our vision for Maharashtra. From the Mumbai-Ahmedabad bullet train to coastal infrastructure and now this world-class entertainment destination, we are redefining what is possible in India. Mumbai will continue to be at the forefront as the country's creative excellence hub."
Prime Focus Group founder Namit Malhotra added, "This project is about more than infrastructure - it's about establishing a global centre of excellence for storytelling, technology, and culture. By merging DNEG's Oscar-winning VFX, BRAHMA's leading-edge AI, and Prime Focus Studios' production capability, we are creating a destination that will put India at the forefront of global content creation." The new entertainment center, spanning around 200 acres, will commemorate the history of Indian cinema and showcase the country's creative and technical prowess globally. Ground breaking for the complex is expected in the coming year, with the project expected to attract local and international tourists and investors.
Source: Globe Newswire
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