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Singapore-based firm offers investment for film academy

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A Singapore-based media company has offered an initial investment of USD 10 million (approximately Rs 73.51 crore) for setting up a film academy in the proposed film city in Uttar Pradesh.

The offer came during the interaction of Chief Minister Yogi Adityanath with a bevy of filmmakers and artists on Tuesday over the new film city project that would come up in a 1,000-acre area along Yamuna Expressway near Noida, an official statement said.

“The prompt action by the state government immediately received a positive response (from film fraternity) as ace Art director Nitin Desai offered to set up an entire Film City on the lines of what has been set up in Mumbai. He was of the opinion that about 80 percent of technicians and workforce in the Mumbai film industry is from UP and after the industry in UP itself, the availability of manpower will never be a problem,” the statement from the chief minister’s office said.