India, June 4 -- In a major push to position Mumbai as a global media and entertainment destination, the Maharashtra government and Prasar Bharati, India's largest public broadcasting agency, will jointly develop a world-class Integrated Film and Television Media Hub on nearly 150 acres of land in Malad. Chief minister Devendra Fadnavis on Wednesday approved the proposal to set up a special purpose vehicle (SPV) of both the institutions that will execute the ambitious project along with the adjoining Goregaon Film City, also known as Dadasaheb Phalke Chitranagari.

The proposed hub is envisioned as a comprehensive media and entertainment district featuring state-of-the-art film studios, sound stages, hospitality infrastructure, IT and IT-...