MUMBAI: In its hope to target Hollywood with cheaper labour and studio rentals in India, Annapurna Studios has added five state-of-the-art studios with an investment of Rs 1 billion.

Situated in an area measuring 10,00,000 square feet, this is one of Asia‘s most modern studios, offering concept-to-can facility.

Annapurna Studios managing director and popular Telugu actor Akkineni Nagarjuna said that the air conditioned studios with integrated facilities were on par with international standards. "We hope to attract Hollywood. We are already getting some inquiries," he averred.

He said that Annapurna Studios would first target Bollywood, adding that very few studios in Mumbai had the kind of facilities which his studio offers.

Annapurna Studios, founded by his father and legendary actor Akkineni Nageswara Rao three decades ago, will throw open the new facility in a week. Nagarjuna expects a turnover of between Rs. 45 to
Rs. 50 crore by the end of 2013 from the new facility.

Last year, the studio opened a film and media school that has so far trained 100 students in different fields of film, television and media.