Toonz Animation India signed a Memorandum of Understanding with KINFRA on12th December to acquire 6 acres of land. The MoU was signed between, P. Jayakumar, CEO of Toonz Animation and A.S. Suresh Babu, Managing Director, KINFRA at a function organized at Hotel Taj Green Cove Resort, Kovalam, in connection with the FICCI Seminar on Animation, Gaming and Visual Effects.
Minister of Industries, Elamaram Kareem, who was present at the venue, remarked that the best motivation for potential investors is to witness success stories. “Let me take one such case – Toonz Animation India is an achievement that Kerala is proud to showcase. It is indeed surprising that one of India’s leading animation studios is based out of the south-western corner of the country and not in any of the big metro cities”, he added.
While signing the MoU, Jayakumar, CEO of Toonz expressed his excitement at moving into the company’s own campus at KINFRA 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. The added attraction would be the new Gaming division of the company which is slated to hit the scene soon”, he said.
The KINFRA Film & Video Park, which expands to 75 acres, will accommodate the Animation and Gaming SEZ, which will spread out to 25 acres.
MG George Muthoot, Chairman of FICCI Kerala State Council and Chairman of The Muthoot Group and Krishnan Kalra, Adviser, FICCI were also present at the occasion.