Godrej Fund Management, Maharashtra to Develop State-of-the-art Film, TV campus

MoU signing ceremony with the Government of Maharashtra in the presence of Chief Minister Devendra Fadnavis for the development of a state-of-the-art film and media studio in Panvel by Godrej AA Studios

Mumbai, May 2, 2025: Godrej Fund Management (GFM) has signed an MoU with the Maharashtra government at the WAVES Summit 2025 to accelerate the growth of art, media and television across the state by developing a state-of-the-art film and media campus.

Under the MoU, the state government will facilitate GFM and Investment Advisers Private Limited to obtain necessary permission, registration, approval and fiscal incentives from related state departments per the existing policies, rules and regulations 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 technology, 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 catalysse 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 urbanisation and sustainable development and aims to accelerate economic growth across the state.

Karan Bolaria, MD and 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.”