The Indian Institute of Creative Technology, a national centre of excellence for animation, visual effects, gaming, comics, and extended reality (AVGC-XR), will establish a regional centre in Hyderabad. This institute, set up in a public-private partnership mode in Mumbai, aims to support the skills requirement of the sector and foster innovation through an accelerator and incubator. The Hyderabad centre will be located in the IMAGE Tower.
According to Sanjay Jaju, Secretary, Union Ministry of Information and Broadcasting, the institute will operate on a hub-and-spoke model, with Mumbai as the hub and multiple regional spokes, including Hyderabad. The centre will be run by the industry, with a 48% stake held by industry bodies FICCI and CII. This initiative aims to boost India’s share in the global AVGC-XR market from 2% to 4%.
[news_related_post]The institute is expected to generate around 5 lakh jobs and contribute to India’s growing media and entertainment landscape. With its rich cultural heritage and storytelling history, India has immense potential in the gaming industry. The centre will focus on innovation, creativity, and talent development, ensuring India stays at the forefront of the global creative economy.