A National AVGC-XR Mission with a financial outlay to be formed for integrated promotion & expansion of the AVGC sector has been requested by the Animation, Visual Effects, Gaming, and Comic (AVGC) Task Force. The “Create in India” campaign with an exclusive focus on content creation in India was recommended by the Task Force headed by the Secretary of I&B Ministry.
Recently, the Gaming industry as well as the AVGC industry in India, have seen tremendous growth according to Apurva Chandra, Secretary of Information and Broadcasting Ministry. Apart from that, numerous Indian talents are also coming up with their skills in the AVGC sector.
Of the predicted 260 to 275 billion dollars in the AVGC sector, India is assumed to contribute 2.5 to 3 billion dollars. Media and entertainment business experts predict that over the next ten years, the AVGC sector will grow by 14 to 16 percent. In addition, 1.85 lakh professionals are engaged in the AVGC sector in India, and an additional 30,000 people are employed indirectly. The sector would require additional 20 lakh workers by 2030 in order to continue growth.
According to the press release, the Task Force has a few ideas for expanding the AVGC market. The development of domestic industries for global access, the creation of a talent ecosystem to reap the benefits of demographic change, the advancement of technology and financial viability for the Indian AVGC industry, and the enhancement of India’s soft power through inclusive growth will be their main areas of focus.
There will be an international AVGC platform and a gaming expo in order to make India the center of the AVGC universe. There will be several courses and degrees that are recognized. India will focus on R&D for technology and young people’s talents most of all.
Once all the recommendations get carried through, the AVGC sector is expected to see ample growth while providing employment to a large number of Indian citizens.