Delhi-based Picasso Digital Media Pvt Ltd, a two-year-old company promoted by the Maharishi Group, is all set to launch “International Animation College in Hyderabad” in collaboration with Canada-based Centennial College. The formal launch was set to July 4 2007.

The total investments envisaged in the project in the first five years is about $9 million (approximately Rs 36 crore) and the company expects to reach a turnover of $15 million by the the end of 2010. The company would primarily focus on animation education and production.

The campus will have a capacity to house 200 students per year. Picasso currently has one animation college campus in Delhi with an intake of 250 students per year.

Disclosing this at a press conference here on Monday, ABRP Reddy, managing director and chief executive of Picasso Digital, said “Philip Edward Alexy from Canada will be academic advisor for Picasso Animation College. The two animation campuses of Picasso together will have facilities to churn out 1000 animators yearly by the end of 2008. The colleges will have hi-end Intel and Apple workstations, 3D projectors and lot more for ensuring a high-end learning environment in a creative background.”

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