Film city project: Four firms qualify for bidding process

Four companies have technically qualified to take part in the financial bidding process for the Film City project after the Uttar Pradesh government and the Yamuna Expressway Industrial Development Authority (Yeida) committee completed the evaluation process on Saturday, officials aware of the development said on Sunday.

Yeida will open the financial bids on Tuesday to zero in on one company, which will be engaged in the development of the proposed project on 1,000 acres of land in Sector 21 near Noida International airport site. However, the final nod will come from the Uttar Pradesh cabinet after Yeida selects the final bidder, said Yeida officials.

The four companies that have qualified are Bayview Projects LLP of film-maker Boney Kapoor, Lions Films Private Limited of KC Bokadia, Supersonic Technobuild Private Limited of actor Akshay Kumar and Super Cassettes Industries Private Limited of T-series. The four firms offered their presentation about their development model and other details of their respective projects on Saturday before the committee that was headed by Manoj Kumar Singh, the additional chief secretary of the Uttar Pradesh government and state’s infrastructure and industrial development committee.

Yeida chairman Anil Sagar, Uttar Pradesh director for information Shishir and Yeida chief executive officer Arun Vir Singh were among the other officials who were present during the presentation. It was an unanimous decision on the qualification of all the four companies. Boney Kapoor, KC Bokadia, Akshay Kumar and T-series representatives joined the meeting to share their vision, concept of development, highlights and the timelines under which the project will be completed on the ground. Except for T-series, the three companies are a consortium of film-makers and Noida-based developers, who will fund the project if they are selected. Actor Akshay Kumar gave an online presentation, while representatives of the remaining three firms joined the meeting in the Yeida’s sector Omega I office.

“We will open the financial bid and finalise the bidder on the basis of merit as per rules,” said Arun Vir Singh, chief executive officer of Yeida.