Nagarjuna invests Rs 100 cr in Annapurna Studios
Nagarjuna is upscaling the Annapurna Studios with an investment of Rs 100 cr to offer one-stop concept-to-can solution to the producer.
Five state-of-the-art, climate-controlled floors are being constructed and it is already said to be receiving enquiries from Bollywood and Hollywood.
Acknowledging that technical standards of filmmaking in India are not at par with Hollywood, Nagarjuna is launching a project to train the manpower. The studios already have an International School of Film and Media.
Nagarjuna believes India can be an outsourcing hub for film production, on the lines of the information technology (IT) industry.