In a move to make Hyderabad a key destination of animation, gaming and visual effects industry, the Telangana government has embarked on developing an exclusive IMAGE tower “as a one stop shop” for the sector at an investment of Rs 946 crore.
The IMAGE Tower is being built by the state with the help of real estate developer Salarpuria Sattva in the Public Private Partnership (PPP) mode.
Information Technology Minister KT Rama Rao on Sunday laid foundation stone for the tower at Raidurgam near Hitec City, the IT hub.
He said IMAGE (Innovation in animation, Multimedia, Gaming and Entertainment) Tower would be one-stop shop for Animation, Visual effects, Gaming & Comics (AVGC) sector.
The facility is expected to be up and running by 2020.
With total built-up area of 16 lakh square feet, IMAGE Tower would be a Center of Excellence with state-of-the-art facilities to support AVGC companies.
Rao said the government had last month launched IMAGE Policy, offering several incentives and subsidies for the sector.