The proposed International Film City near the upcoming Noida International Airport is generating substantial interest from prominent figures in the film and music industry. A pre-bid meeting for the Film City project was organized by the Yamuna Expressway Industrial Development Authority (YEIDA) on October 26, and it witnessed the active participation of numerous filmmakers, production houses, and music companies.
Earlier this month, Bollywood stars Akshay Kumar and Kangna Ranaut visited the Film City site in YEIDA sector 21, located adjacent to the Yamuna Expressway.
Notable attendees at the pre-bid meeting included renowned filmmaker KC Bokadia, representatives from Maddock Films, the Vipul D Shah group, Mohinder Walia, Milap Kapoor, representatives from music industry giant T-Series, and delegates from the Korean firm Sequoia, among others.
During the meeting, prospective bidders offered valuable insights and suggestions. One significant proposal involved providing the Right of First Refusal (ROFR) to the winning bidder in subsequent phases of the project, ensuring the financial security of the successful party. Additionally, bidders sought information about the project, its location, and the upcoming connectivity and transportation facilities in the region.
The pre-bid meeting, held under the leadership of Manoj Kumar Singh, the Infrastructure and Industrial Development Commissioner of the UP Government, was a platform for gathering these suggestions. These recommendations will be forwarded to the PPP Bid Evaluation Committee for thorough discussion. Following this, a comprehensive report will be submitted to the state government, which will consider the feasibility of these suggestions for inclusion in the tender document.
Notably, YEIDA initiated a global tender on September 30 for the third time, inviting investors and production houses to partake in the development, operation, and maintenance of the first phase of the Film City project using a public-private partnership (PPP) model. This tender specifically targets the first phase, which will cover an area of 230 acres, requiring an investment of approximately Rs 1500 crore. The entire Film City project is planned to span 1000 acres.