Karnataka state cabinet approves AVGC policy for 2017 to 2022
The AVGC industry of Karnataka is all set to zoom as the State Cabinet gave its approval for the Karnataka animation, visual effects, gaming and comics policy 2017-2022.
The move comes as a big shot in the arm for an industry that has shown the potential to blossom given the increase in the number of studios it has witnessed recently. And the news of Karnataka ministry promoting the AVGC policy in the state comes as music to all the studios’ ears.
Following the approval, the sunrise industry is estimated to generate over 15,000 jobs with investments in the excess of Rs. 20 crore being pumped in to promote “cutting edge work” in this sector.
The policy was drafted in consultation with the industry body ABAI, and the government is keen on getting overseas AVGC firms on board so that Bengaluru and other tier-II cities will benefit from the high-end technology. ABAI is a non-profit organisation committed to developing the animation, VFX and gaming industry in India.
It will also encourage professionals to create original intellectual property content. Nearly 20% of India’s game developers and service providers are located in Bengaluru.