Latest news with #GodrejFundManagement
The Wire
13-05-2025
- Business
- The Wire
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: Photo: Logo: (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.
Yahoo
08-05-2025
- Entertainment
- Yahoo
India Orders Immediate Ban on Pakistani Content Across Platforms Amid Escalating Cross-Border Tensions
Amidst mounting diplomatic and military tensions between India and Pakistan, the Indian government has issued a formal advisory ordering all over-the-top (OTT) platforms and digital streaming services to take down content originating from Pakistan with immediate effect. The directive follows the April 22 terrorist attack in Pahalgam, Jammu and Kashmir, which claimed the lives of several Indian civilians and a Nepali national, and comes on the heels of strikes against Pakistan by Indian forces under Operation Sindoor. More from Variety Indian Producers' Associations Warn of Box Office Bloodbath After Donald Trump's 100% Tariff Bombshell India's Godrej Fund Management Signs $236 Million Studio Deal With Maharashtra Government at WAVES Summit Indian Content Veterans Unite to Form Madlab Alpha, Target 'Bold' Storytelling (EXCLUSIVE) The advisory – issued under the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 – applies to web series, films, music videos, songs, podcasts, and any other form of digital content produced in Pakistan. It extends to both subscription-based and free platforms, covering any material that may be deemed to threaten India's sovereignty, integrity, security, public order, or relations with foreign states. 'Publishers of online curated content and significant social media intermediaries are advised to refrain from hosting Pakistani content that is against the sovereignty and integrity of India,' the advisory said. The Ministry of Information and Broadcasting said that the move was made with the approval of the 'competent authority.' Copies of the directive have been sent to the self-regulatory bodies of Indian streamers and Indian streamers' associations. This development adds to a growing digital standoff between the two nuclear-armed neighbors. In recent weeks, India has blocked 16 Pakistani YouTube channels, including major networks such as Geo News, ARY, Bol, and Samaa TV, accusing them of spreading 'misleading and provocative' content about the Indian armed forces and stoking tensions over Kashmir. Pakistan responded in kind. The Pakistan Telecommunication Authority (PTA) announced it had blocked 16 Indian YouTube channels and 32 websites, citing concerns over the spread of 'anti-state propaganda' and what it described as disinformation surrounding Indian airstrikes that allegedly killed 31 Pakistani civilians. The latest advisory marks a formal escalation in the cultural boycott that has periodically emerged between the two countries, often mirroring broader geopolitical frictions. Indian broadcasters and the Central Board of Film Certification have previously restricted Pakistani artists and content in the wake of terror attacks or cross-border hostilities. While the advisory is non-binding, platforms that fail to comply risk being penalized under the IT Rules, potentially affecting their operational licenses and liability protections. Several Indian platforms are reported to have already begun compliance processes. The ban arrives at a time when digital content consumption in India is at an all-time high, and Pakistani dramas, in particular, had found a niche audience among Indian viewers on select streaming platforms. That window, for now, appears shut. Best of Variety New Movies Out Now in Theaters: What to See This Week Emmy Predictions: Talk/Scripted Variety Series - The Variety Categories Are Still a Mess; Netflix, Dropout, and 'Hot Ones' Stir Up Buzz Oscars Predictions 2026: 'Sinners' Becomes Early Contender Ahead of Cannes Film Festival
Yahoo
04-05-2025
- Entertainment
- Yahoo
India's Godrej Fund Management Signs $236 Million Studio Deal With Maharashtra Government at WAVES Summit
India's Godrej Fund Management has inked a landmark agreement with the Maharashtra government that promises to inject fresh vigor into India's booming content creation ecosystem. The memorandum of understanding, signed with Maharashtra Chief Minister Devendra Fadnavis at the World Audio Visual & Entertainment Summit (WAVES) conference in Mumbai, outlines plans for a cutting-edge film, television and media campus at Godrej City, Panvel. Mumbai, the capital of the western Indian state of Maharashtra, is home to the Hindi-language Bollywood film industry. More from Variety Prime Focus Group Inks $400 Million Deal for Mumbai Entertainment Hub Indian Content Veterans Unite to Form Madlab Alpha, Target 'Bold' Storytelling (EXCLUSIVE) Shaji N. Karun, Indian Filmmaker of Cannes Selections 'Piravi,' 'Swaham' and 'Vanaprastham,' Dies at 73 The project carries a total investment tag of INR20 billion (approximately $236 million) and is projected to generate employment for about 2,500 professionals across various disciplines. Phase one alone will see an investment of roughly $59 million on a sprawling 10-acre parcel. This is the second major infrastructure deal signed with the Maharashtra government during WAVES, after the $400 million entertainment hub deal with Prime Focus Group. The development is strategically positioned at Godrej City, a self-sustaining township spread across approximately 145 acres, featuring a 30-acre, 9-hole golf course. The location offers prime connectivity advantages, sitting a short drive from the upcoming Navi Mumbai International Airport and the Mumbai-Pune Expressway. The recently operational Atal Setu (Mumbai Trans Harbour Link) further enhances accessibility to South Mumbai. In what could be a significant boost to India's position as one of the world's largest content producers, the campus will house AA studios, designed as a creative nucleus for artists, musicians, and filmmakers. The facility is expected to align with the government of India's recent incentive policy for foreign film productions, potentially attracting international projects to Indian shores. Under the agreement terms, the Maharashtra government will streamline necessary permissions, registrations, approvals, and fiscal incentives from related state departments for the development of the campus. The development is being designed with future-readiness in mind, with leading international experts engaged to create facilities equipped with cutting-edge technologies, including AI integration. Beyond direct employment in content production, the project is expected to stimulate growth in hospitality, technical services, and tourism sectors while boosting foreign exchange earnings. 'This initiative marks a meaningful partnership with the government of Maharashtra to foster innovation, creativity, and employment,' said Karan Bolaria, MD & CEO of Godrej Fund Management. '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 is one of India's most storied conglomerates. Its real estate investment arm, Godrej Fund Management, has rapidly emerged as a major player in India's institutional-grade property market, steering marquee developments across Mumbai, Bengaluru and Delhi in partnership with global investors. Best of Variety Oscars Predictions 2026: 'Sinners' Becomes Early Contender Ahead of Cannes Film Festival New Movies Out Now in Theaters: What to See This Week What's Coming to Netflix in May 2025 Sign in to access your portfolio
