Current Affairs Telugu Daily

Foundation laid for IMAGE Tower
Foundation laid for IMAGE Tower-
Municipal Administration and Urban Development Minister KT Rama Rao laid the foundation stone for the IMAGE (Innovation in Multimedia, Animation, Gaming & Entertainment) Tower at Hyderabad Knowledge City, Raidurgam.
This tower will act as a catalyst for the animation, visual effects, gaming and comics sectors in the State.
IMAGE Policy: The Telangana government had launched an IMAGE Policy for the project in April 2016.
This tower will have common facilities for motion capture, visualisation, visual effects, and sound etc. With world-class facilities, the project will provide an ideal environment for production and distribution, media content management, film content rights management, production and post-production of animation, visual effects, gaming and comics.
  • Project cost: Rs 945-crore
  • Project symbol: The Tower is the symbolism of ‘T’ which stands for Technology and Telangana
  • Incentives: The State government has announced a host of incentives and subsidies to support the gaming and animation industry including capital investment subsidy, reimbursement of stamp duty, lease rental subsidy, recruitment assistance among others.

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