MUMBAI: Animation studio, Toonz Animation India has signed a Memorandum of Understanding with Kinfra to acquire 6 acres of land.

The MoU was signed between, Toonz Animation CEO P. Jayakumar and Kinfra managing director A.S. Suresh Babu, at a function organised in connection with the Ficci seminar on animation, gaming and visual effects.

The Kinfra Film and Video Park, which expands to 75 acres, will accommodate the animation and gaming SEZ, which will spread out to 25 acres, informs an official release.

Minister of Industries, Elamaram Kareem, who was present at the venue, remarked that the best motivation for potential investors is to witness success stories. "Let me take one such case - Toonz Animation India is an achievement that Kerala is proud to showcase. It is indeed surprising that one of India's leading animation studios is based out of the south-western corner of the country and not in any of the big metro cities", he added.

While signing the MoU, Jayakumar expressed his excitement at moving into the company's own campus at Kinfra said that they would completely relocate themselves with in a year. "We are indeed happy at the prospect of expanding ourselves and moving into a new campus. The new campus would house both the Animation studio and the Academy Division of Toonz. The added attraction would be the new Gaming division of the company which is slated to hit the scene soon."

Ficci Kerala State Council chairman and The Muthoot Group chairman MG George Muthoot and Ficci adviser Krishnan Kalra were also present at the occasion