Accordingly a senior official has said more than 200 companies would be able to operate from the exclusive facility (Tower) being developed by the Telangana government here to give a boost to the animation, gaming and visual effects sector. As per report Jayesh Ranjan, state principal Secretary (IT), told the work on building the ImageTower (Innovation in Multimedia, Animation, Gaming and Entertainment) began last year and it is in good progress.
He said "By the end of 2019 or the first quarter of 2020, we should expect it to be ready and the facility is being developed in the PPP mode at a cost of around Rs 900 crore. He added "It's being done in a PPP mode and moreover a company called Salarpuria is building it and are spending around Rs 900 crore in construction”.
Furthermore more than 200 companies would be able to operate from the
Tower, he said, adding studios, preview theatres and some others would be
provided as common facilities. Ranjan said the government would fix the rate at
which IMAGE companies will be given space and the rest of the space they can take
at commercial rates also. Moreover the state government had announced the IMAGE
policy in 2016 to make Hyderabad the most favored destination for investment in
animation, visual effects, gaming and comics (AVGC) sector.
