Toonz signs MoU with Kinfra

New Delhi, Dec 12 (UNI) Toonz Animation India today signed a Memorandum of Understanding (MoU) with Kinfra to acquire six acres of land.

The Kinfra Film and Video Park, which expands to 75 acres will accommodate the animation and gaming SEZ, which will spread out to 25 acres.

The MoU was signed between Toonz Animation Chief Executive Officer P Jayakumar and Kinfra Managing Director A S Suresh Babu, at a function organised in connection with the FICCI Seminar on Animation, Gaming and Visual Effects.

While signing the MoU, Mr Jayakumar said that they would completely relocate themselves with in a year.

''We are indeed happy at the prospect of expanding ourselves and moving into a new campus. The new campus would house both the animation studio and the academy division of Toonz,'' he said.

The added attraction would be the new gaming division of the company which is slated to hit the scene soon, he added.

Minister of Industries Elamaram Kareem, who was present at the event, remarked that the best motivation for potential investors is to witness success stories.

''It is indeed surprising that one of India's leading animation studios is based on south-western corner of the country and not in any of the big metro cities,'' he said.

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