The Hindu : Business : Toonz Animation and KINFRA sign MoU

Online edition of India's National Newspaper
Thursday, Dec 14, 2006
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Toonz Animation and KINFRA sign MoU

Staff Reporter

THIRUVANANTHAPURAM: Toonz Animation India signed a Memorandum of Understanding (MoU) with KINFRA here on Tuesday 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 at Hotel Taj Green Cove Resort, Kovalam, in connection with the FICCI Seminar on `Animation, gaming and visual effects.'

Industries Minister Elamaram Karim, who was present at the venue, remarked that the best motivation for potential investors was to witness success stories.

New gaming division

"Let me take one such case — Toonz Animation India is an achievement that Kerala is proud of. It is indeed surprising that one of India's leading animation studios is based here and not in any of the big cities," he added. Mr. Jayakumar expressed his happiness over moving to the company's own campus. "We are indeed happy at the prospect of expanding ourselves and moving to 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," he said.

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