Eros Investments has announced ₹16k cr AI park in GIFT City of Gandhinagar. But there is a catch. Read Below.
- Suspect Signatures: Eros Investments' MoU for a new AI park might not be the tech dream it's sold as. Insiders question its validity, a bogus and fake MoU.
- Financial Fiasco: Despite the grand announcement, Eros entities are reportedly drowning in financial woes, struggling to even cover their own staff wages.
- Delayed Deals: Employees from Xfinite and Eros International face delayed salaries, casting doubts on the company's capacity to fund such an ambitious tech park.
- Regulatory Red Flags: SEBI is already on Eros International's trail for a whopping INR 1500 cr discrepancy in financial reporting.
- A New Face for Funding: Eros's creation of Immerso is raising eyebrows. Is it a genuine expansion or a smokescreen to attract new investment?
- Lack of Leadership: Without a solid technical or marketing team, skeptics are asking: Can Eros actually deliver on the AI dream, or is it all just AI-pie-in-the-sky?
Community Conjecture: Rumor mills are spinning fast – is this MoU a strategic move for Eros to gain credibility and cash, or is there a real AI revolution on the horizon? Stay tuned as this story unfolds.
Article Link -