Dubai: ‘Project Indywood’, an ambitious initiative to unite the stakeholders in Indian film Industry under one roof, has been receiving tremendous support from leading NRI industrialists and business houses in the Middle East.
The US Dollar 10 billion project, spearheaded by Hollywood director Sohan Roy, aims at elevating Indian film industry to global standards in the next five years through a consortium of 2,000 Indian billionaires and corporates. Bowled over by the vision of Project Indywood, NRI tycoon Dr. B R Shetty has expressed interest in setting up India's top-notch multiplex at Udupi, Karnataka, possibly with the first 8K screen in the country. Shetty, who is the founder of Abu Dhabi-based NMC Group and Chairman of UAE Exchange, announced this in an interview to Indywood TV, the 24/7 entertainment channel in English under Project Indywood with special focus on movie-centric programmes and shows.
“As part of supporting Project Indywood’s vision to upgrade Indian film Industry and as a gift to the people of my home town, I wish to set up a swanky multiplex with state-of-the art facilities at Udupi. I want to ensure that people enjoy my Rs. 1,000-crore ‘Mahabharata’ movie and similar projects with utmost perfection and quality,” said Shetty.
Sohan Roy, who is also the founder director of Project Indywood, said the support of NRI industrialist and visionary B R Shetty is a morale-booster which will motivate the entire Indywood team to contribute more for the uplift of Indian film industry. “We are in discussions with top Indian industrialists and business houses in Middle East, India, Singapore and Europe. Many of them have expressed interest in investing in Indywood consortium,” he said. The Rs. 70,000-crore Project Indywood aims at initiating 10,000 new 4K projection multiplex screens, 100,000 2K/4K projection home cinemas, 8K/4Kfilm studios, 100 animation/VFX studios and film schools conforming to international standards.
“We are planning to expand our operations across the country by the end of 2018. Indywood’s vision is that big budget movies should generate Rs. 2,000 crore from Indian market alone in future. We have proved that people will rush back to theatres to make it happen if we deliver quality products on high-quality screens,” said Sohan Roy, an Oscar-nominated filmmaker and Forbes-listed billionaire. Indywood TV, another flagship venture of Project Indywood, was launched at Cannes Film Festival. It was the only Indian channel which received Red Carpet entry in Cannes.