(MENAFN- ForPressRelease) Noida: Animation, Visual Effects, Gaming and Comics together has been given a new segment in Media & Entertainment Industry as AVGC Sector. Government of India has also created a AVGC promotion Task force. It is necessary to bring this information to the table,” said Dr, Sandeep Marwah President of Marwah Studios initiating the seminar on AVGC on the first ay of 11th Global Festival of Journalism Noida 2023 and inviting H E Choe Hui Chol Ambassador of DPR Korea to India to inaugurate the session.
“The Global AVGC industry amounts to 800 billion US Dollars, and the Indian AVGC sector is brimming with the potential to bag upto 5 percent of the global share that is 40 billion US Dollars, given that it has an annual growth rate of over 25 to 30 percent,” said Abed Elrazeg Jazer Media advisor Embassy of Palestine.
“Not only does the sector contributes significantly to the economy but it also creates an abundance of employment opportunities for several skilled sectors, with over 160,000 jobs that it could provide yearly, informed P.K.Bajaj founder Mayapuri Magazine sharing his vast experience in Animation.
Karnataka was the first Indian state to announce an AVGC policy in 2012. The policy was initiated to promote the state as a lucrative outsourcing destination and attract venture capital funding in the AVGC sector informed Supriya Suri who has been organizing Animation Festival every year.
AVGC Task Force was constituted under the Chairmanship of Secretary, Ministry of I & B, Shri Apurva Chandra, to help realize the full potential of the AVGC sector in India, with key stakeholders from the Industry and the Government.,” added Charuvi Agarwal Animator, Film maker and Immersive artist also Co-Chair for PHD AVGC Committee.
India is emerging as a primary destination for high-end, skill-based activities in the AVGC sector. As per the experts within the Media and Entertainment (M&E) Industry, the AVGC sector can witness a growth of 14-16 per cent in the next decade said Maj. Mohommed Ali Shah actor and Motivational speaker
The Government of Karnataka has opened a Centre of Excellence that will provide State of the art facilities that will give the AVGC industry in Bengaluru and Karnataka a holistic technological boost. It will house a highly equipped AVGC post production lab providing the industry with resources to generate high quality content. The CoE will also have a finishing school that will train & provide highly skilled technicians to the companies in Karnataka, thus facilitating employment opportunities condensed Prof. Dr Suresh Chandra Nayak renowned academician.
Dr. Ajay Kumar presented vote of thanks. The seminar was organised by International Chamber of Media and Entertainment Industry, AAFT School of Animation in association with International Journalism Centre and Asian Unity Alliance supported by World Peace Development and Research Foundation.
Company :-Marwah Studios
User :- Sanjay Shah
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.