Bollywood Superstar Investing In Telangana: What’s Up?

The latest updates of suggesting that Bollywood superstar Ajay Devgan could be investing a significant amount of money in Telangana. In this context, he reportedly met Telangana chief minister Revanth Reddy to finalise the series of events.

Reportedly Ajay Devgn is discussing multiple investment opportunities with CM Revanth. One is for a state-of-the-art film studio and film city planned by the Bollywood actor. The other is for Reliance Group’s Vantara wildlife conservatory and night safari.

The summit will take place at Bharat Future City. Devgn is expected to formalize his agreement with the government during the event. Earlier this year he met Chief Minister A Revanth Reddy in New Delhi and conveyed his interest in building a world class studio in Telangana. Officials say the talks have progressed smoothly.

Communication from the CMO says the aim is to develop Bharat Future City as a net zero urban hub built to global standards. As part of this vision, Foodlink F&B Holdings has proposed an integrated global convention center along with three hotels. The investment is pegged at 3,000 crore and the agreement is likely to be signed at the summit.

Hyderabad already has multiple world-class film studios, including the iconic Ramoji film city. Now it appears that Ajay Devgan is also interested in investing in the film industry scene in Hyderabad, which is generally very lucrative.