UP Film City Update :Singapore-Based Firm Offers Rs 73.5 Crore Investment For Film Academy

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 an interaction of Chief Minister Yogi Adityanath with a bevvy 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 per cent of technicians and workforce in Mumbai film industry are 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.

"In another offer, Sandeep Singh of Vistas Media, a Singapore-based company, has offered to set up a Film Academy with an initial investment of USD 10 million (approximately Rs 73.51 crore),” it said.

Filmmaker and actor Satish Kaushik, who recently shot his film “Kagaz” in UP, said the state has offered a great alternative to film professionals and aspirants. "The vantage location of the proposed film city caters to large geography and demography of the northern region,” he said. Lyricist Manoj Muntashir welcomed the state government's move for taking Hindi film industry to Hindi-speaking belt.

Singers Udit Narayan, Kailash Kher and Anup Jalota too hailed the development, according to the statement.