Godrej Fund Management and the Government of Maharashtra sign MoU at the WAVES Summit 2025 for the development of a state-of-the-art film, television, and media campus at Godrej City, Panvel
• Proposed investment of INR 2,000 crore with a potential to generate an estimated employment of 2500.
• Phase 1 investment of approximately INR 500 Crore on a land area of roughly 10 acres.
MUMBAI, India, May 12, 2025 /PRNewswire/ — Godrej Fund Management executed a Memorandum of Understanding (MoU) with the Government of Maharashtra at the WAVES Summit 2025, Mumbai. This strategic partnership aims to accelerate the growth of art, media, and television across Maharashtra by developing a state-of-the-art film and media campus built to global standards of technology, safety, and sustainability.
Under this MoU, the Government of Maharashtra will facilitate Godrej Fund Management and Investment Advisers Private Limited to obtain necessary permissions, registrations, approvals, and fiscal incentives from related state departments, as per the existing policies, rules, and regulations of the Government of Maharashtra for the development of the campus.
Located at Godrej City, Panvel, an integrated Golf Township, the campus will house AA studios, which will serve as a hub for artists, musicians, and filmmakers, providing state-of-the-art amenities and world-class production facilities. Leading international experts are engaged to design a cutting-edge, future-ready facility equipped with the latest technologies, including AI. As the world's largest content producer with a skilled workforce, India stands to gain significantly as the studio aims to harness this talent and drive storytelling excellence. The facility is expected to generate a significant economic impact by creating employment across content production, hospitality, and technical services, while also boosting tourism and foreign exchange, which will further support leveraging the Government of India's progressive new incentive policy for foreign film productions.
It will further catalyze growth in ancillary industries, positioning Panvel as a vibrant hub for creative entrepreneurship and innovation. This development also aligns seamlessly with Mumbai 3.0's vision of progressive urbanization and sustainable development and aims to accelerate economic growth across the state.
Karan Bolaria, MD & CEO, GFM, said, 'This initiative marks a meaningful partnership with the Government of Maharashtra to foster innovation, creativity, and employment. Aligned with the Mumbai 3.0 vision, we aim to build a vibrant ecosystem that attracts global talent, empowers local creators, and positions Panvel as a cultural and commercial hub.' Godrej City, Panvel is a self-sustaining golf township spread across ~145 acres, anchored by a 30-acre, 9-hole golf course. The development integrates key urban conveniences, including a reputed school, healthcare facilities, commercial zones, and popular food outlets. Strategically located, it offers excellent connectivity—just a short drive from the upcoming Navi Mumbai International Airport and the Mumbai-Pune Expressway. The operational Atal Setu (Mumbai Trans Harbour Link) further reduces travel time to South Mumbai. Its seamless access to both natural landscapes and urban infrastructure makes it an ideal destination for film shoots, music videos, and commercial productions of all scales.
For more information, please visit: http://www.godrejfunds.com/ Photo: https://mma.prnewswire.com/media/2684888/MOU_Signing.jpg Logo: https://mma.prnewswire.com/media/2684887/GFM_Logo.jpg (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.).
This is an auto-published feed from PTI with no editorial input from The Wire.
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