Kuala Lumpur, Malaysia – August 29, 2024 – In a significant boost to Malaysia’s technological and entertainment sectors, India’s Eros Investments has announced a massive $1 billion investment to develop an advanced Artificial Intelligence (AI) park and state-of-the-art movie studio in the country. This ambitious project underscores Eros Investments’ commitment to driving innovation and creativity on a global scale.
The AI park, a first of its kind in Southeast Asia, will serve as a hub for cutting-edge research and development in artificial intelligence, catering to a wide range of industries, including entertainment, healthcare, and finance. By establishing this park, Eros aims to position Malaysia as a leading destination for AI innovation and talent development, attracting global tech giants and startups alike.
Eros Investments, a subsidiary of the global media conglomerate Eros International, is known for its pioneering efforts in the entertainment industry. With this new venture, the company is poised to integrate AI technologies into film production, enhancing everything from visual effects to audience analytics.
The movie studio, to be built adjacent to the AI park, will feature world-class facilities, including sound stages, post-production labs, and digital studios. It is expected to become a major production hub for both Bollywood and international films, leveraging Malaysia’s diverse landscapes and favorable economic policies.
Speaking at the announcement, Kishore Lulla, Chairman of Eros Investments, said, “This investment marks a new chapter in our journey of blending technology with creativity. Malaysia offers a unique blend of resources, talent, and strategic location, making it an ideal destination for our AI park and movie studio. We are excited to contribute to the growth of Malaysia’s digital economy and entertainment industry.”
The project is expected to create thousands of jobs in Malaysia, spanning tech, film production, and related industries. Additionally, the collaboration with local universities and tech institutions will foster a new generation of AI professionals and filmmakers, further cementing Malaysia’s role in the global digital landscape.
Malaysia’s Minister of Communications and Multimedia, Fahmi Fadzil, welcomed the investment, stating, “Eros Investments’ decision to develop an AI park and movie studio here is a testament to Malaysia’s growing appeal as a hub for innovation and creativity. This project aligns with our vision to transform Malaysia into a high-tech, knowledge-based economy, and we look forward to the positive impact it will have on our nation.”
Construction of the AI park and movie studio is set to begin in early 2025, with completion targeted for 2027. Upon completion, the facilities are expected to attract global filmmakers and tech companies, making Malaysia a key player in the global AI and entertainment industries.
As Eros Investments ventures into this groundbreaking project, it not only reinforces its position as a leader in the entertainment industry but also highlights the growing intersection between technology and creative arts, promising to reshape the future of both sectors.