Eros to set up multi-billion Entertainment city in AP Hyderabad, Nov 22 (INN): Andhra Pradesh Government and Eros Investments Limited (EIL) Isle of Man, UK, on Saturday inked a Memorandum of Understanding (MoU) to set up a multi-billion dollar Entertainment City.
Chief Minister Nara Chandrababu Naidu said that this would give a huge fillip to tourism and create employment, infrastructure and usher in investments into Andhra Pradesh.
Special Chief Secretary (Tourism) Chandana Khan signed the MoU from the government while Subodh Agarwal from EIL signed the deal, in presence of the Chief Minister.
Eros Investment Limited is a subsidiary of Eros International PLC. The Entertainment City will comprise a media city, an amusement park, commercial and residential spaces, hotels and leisure and healthcare facilities.
The integrated media city which will have pre-production, production and post-production facilities for film, TV and advertizing industries.
The Chief Minister said that the Entertainment City would house hospitality clusters and attract large number of tourists which will bring in revenue in the service sector in the state.
News Posted: 22 November, 2014
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