Chandigarh-based Compact Disc India Ltd (CDIL), an integrated media and entertainment company, plans to set up an animation-cum-gaming studio in the northern region with an investment of Rs 50 crore spread over 1 acre.
However, the location is yet to be finalised but it may be either in Chandigarh, Panchkula (near Chandigarh) or Mohali (Punjab).
Speaking to Business Standard, CDIL Managing Director Gautam Seengal said: “We have plans to set up an animation-cum-gaming studio with major thrust on gaming. We have applied for 1 acre of land in Chandigarh, Panchkula and Mohali. Out of these three location, the proposed studio would come up wherever the government allots us land. We have earmarked Rs 50 crore, funded through internal accruals and term loans, for the project. The proposed studio is likely to employ 350-400 people.”
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However, the location is yet to be finalised but it may be either in Chandigarh, Panchkula (near Chandigarh) or Mohali (Punjab).
Speaking to Business Standard, CDIL Managing Director Gautam Seengal said: “We have plans to set up an animation-cum-gaming studio with major thrust on gaming. We have applied for 1 acre of land in Chandigarh, Panchkula and Mohali. Out of these three location, the proposed studio would come up wherever the government allots us land. We have earmarked Rs 50 crore, funded through internal accruals and term loans, for the project. The proposed studio is likely to employ 350-400 people.”
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