Eros to setup Entertainment City in AP!

UK-based Eros Investments Limited (EIL), a subsidiary of NYSE listed Eros International Plc has entered in to a Memorandum of Understanding (MOU) with Andhra Pradesh government to setup a multi-billion dollar Entertainment City in Vizag.

The proposed Entertainment City will have a media city, an amusement park, commercial and residential spaces, hotels and leisure and healthcare facilities. The media city will provide the necessary boost for film, television and advertising industries by providing World Class facilities for pre-production, production and post-production.

This Entertainment City will give a major boost to tourism in the truncated state and will help in creating employment, infrastructure and usher in investments into AP. The state tourism department has already started working on this project proposal. Euromax Capital Limited, a boutique investment banking firm will be associating with Eros International in this venture.