Waves Summit 2025: Prime Focus in Mumbai, Film City will make Godrej in Panvel, Fadnavis Sarkar signed MOU Tezzbuzz  |  05/05/2025 14:26:16

Mumbai: The Maharashtra government signed MOU with several companies on Friday at the Waves Conference 2025 held at the Jio World Convention Center in Mumbai. Today many companies announced investment. In this sequence, Prime Focus announced an investment of Rs 3,000 crore to set up a 'Film City'. The company said that it will have all the necessary facilities to entertainment.

The BSE entertainment company Prime Focus signed a memorandum with the Maharashtra government in this regard during the 'Waves 2025' program in Mumbai. The project has the ability to produce up to 2,500 jobs.

Maharashtra CM Devendra Fadnavis said that “I am happy that the Waves Conference was held in Mumbai. People from all over the world say that a platform of this scale and quality has been established for the first time.”

Film city will be made in 200 acres in Mumbai

Namit Malhotra, founder of Prime Focus, said that the film city will be built in 200 acres in the financial capital Mumbai. The state government has committed to allocate land. Without telling the exact place of where the film City will be made, Malhotra said that the state government has two or three options.

There is already a film city run by the state government in Mumbai, mainly studios for work after film production and shooting. Training to film production is also imparted here. The Prime Focus Film City will also have an enrollment park, hotels, residential facilities based on the Ramayana theme, where people can stay with the family for months.

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Namit Malhotra said that at this time 10,000 people are working in the company, of which 7,000 are within the country and will create additional employment opportunities from Film City. The foundation stone of this project is expected to be done this year and the company will also contact its investors to raise resources.

Film city will prepare in Gadrej Panvel

Godrej is now developing a modern film city in Panvel, which will invest about 2000 crores, which will create thousands of employment opportunities. Today, a total of Rs 8000 crore has been invested and many important MOUs have been signed, but the value of this investment should not be seen only in the data, its multiplier effect, which will benefit the entire state in the coming years.

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