India, May 2 -- Prime Focus on Friday announced a Rs.3,000 crore investment to set up a 'film city', housing an entire ecosystem related to entertainment. The BSE-listed entertainment company signed a memorandum of understanding with the Maharashtra government to create the facility, which has the potential to create up to 2,500 jobs, on the sidelines of the ongoing WAVES 2025 event in Mumbai.

The group plans to invest Rs.3000 crore in this project, with an aim of creating thousands of skilled jobs and attracting tourists and content creators from around the world.

The announcement was met with enthusiasm from Maharashtra Chief Minister Devendra Fadnavis, who framed the initiative as part of the state's broader infrastructure push. "Gro...