Regulators

I&B Ministry invites ideas for National Centre of Excellence in Animation, Gaming and Visual Effects

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NEW DELHI: Stakeholders wanting to invest in the National Centre of Excellence in Animation, Gaming and Visual Effects have been requested to submit proposals based on which a detailed project report would be prepared for further action.

Information and Broadcasting Ministry sources told indiantelevision.com that the Centre is to be set up under the 12th Plan scheme.

The Planning Commission has given in-principle approval to the project. The objective of the scheme is to impart quality education and to ensure availability of skilled manpower.

The scheme would also ensure increasing ownership of Intellectual Property by Indians in animation/gaming/visual effect sector leading to increased revenues, employment generation, cultural pay-off and a subtle leveraging of India’s soft power in the global arena.

The size of animation, visual effects and post production industry in India, according to FICCI-KPMG Report 2014, is Rs 39.7 billion in 2013, with a growth of 12.4 per cent in the year 2014.

Out of this, the share of animation services and animation production comes to Rs 12.7 billion in 2013. It is projected that the Cumulative Annual Growth Rate (CAGR) in animation services and animation production for the period 2013-2018 would be 7.1 per cent.

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