Godrej Fund Management has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra. 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 amazing amenities and world-class production facilities. Leading international experts are engaged in designing 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 boosting tourism and foreign exchange, further supporting 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."
