Karnataka cabinet approves animation, gaming policy for 2024-29
10 months ago

Karnataka cabinet approves animation, gaming policy for 2024-29

New Indian Express  

BENGALURU: The Karnataka cabinet on Thursday gave approval for the revised AVCG-XR Policy 3.0 for the period 2024-2029, to foster growth of the AVGC-XR sector. It will also generate 30,000 new jobs by 2028, ensure that exports constitute at least 80 per cent of the sector’s total revenue, and foster sustainability and inclusivity within the AVGC industry. The policy will ensure skill development for a future-ready workforce, creation of sustainable infrastructure, empowering startups and MSMEs, provision for global market access and business development, incentives, concessions and financial support, and focus on ‘Mobile First’ AVGC products. The cabinet also approved establishing a Centre of Excellence in wired and wireless technology, in collaboration with Innovation Foundation (ARTPARK-AI and Robotic Technology Park, and I-HUB-Robotics and Autonomous Systems at Indian Institute of Science, Bengaluru, at a cost of Rs 25.08 crore.

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History of this topic

Karnataka to launch India’s first GCC policy soon
5 months, 1 week ago

Karnataka to launch India’s first GCC policy soon

New Indian Express  

BENGALURU: Karnataka will soon be launching the country’s first Global Capability Centres policy aiming at hosting more than 15% of world’s top Forbes 2000 enterprises by 2030. This will help create over one million jobs in different sectors, according to Karnataka’s GCC Landscape Report. The report was released here on Monday by Priyank Kharge, Minister for IT-BT and Rural Development …

Karnataka to unveil country’s maiden GCC policy soon
5 months, 1 week ago

Karnataka to unveil country’s maiden GCC policy soon

The Hindu  

Karnataka currently is home to 570 Global Capability Centres with a 2x enterprise-ready talent compared to any other location in the country. By 2030, Karnataka could host around 330 Forbes 2000 enterprises, and the trend would be driven by India’s increasing prominence as the global GCC hub, according to a report. According to the Karnataka GCC Landscape Report, Bengaluru remains …

Forward-looking policies helped Karnataka to excel in economic growth: CM
5 months, 1 week ago

Forward-looking policies helped Karnataka to excel in economic growth: CM

The Hindu  

Forward-looking policies have helped Karnataka clock a GSDP growth rate of 14.2% in fiscal 2024 even as the State, being the fourth largest industrial player, contributes around 8.2% to the country’s GDP, said Chief Minister Siddaramaiah here on Friday. It is due to the forward-looking policies that Karnataka has clocked a GSDP growth rate of 14.2% in FY23,’‘ the Chief …

‘Karnataka aims to become a USD 1 trillion economy by 2032’: Minister MB Patil
9 months, 2 weeks ago

‘Karnataka aims to become a USD 1 trillion economy by 2032’: Minister MB Patil

Hindustan Times  

Karnataka Large and Medium Industries Minister MB Patil said on Monday that the state aims to become a USD one trillion economy by 2032, by growing at a sustained rate of 18 per cent. He was addressing delegates from over 30 countries at the 54th World Trade Centres Association Global Business Forum, being hosted for the first time in Karnataka …

30,000 jobs in the gaming sector by 2028: CM Siddaramaiah
10 months, 3 weeks ago

30,000 jobs in the gaming sector by 2028: CM Siddaramaiah

New Indian Express  

BENGALURU: Chief Minister Siddaramaiah on Monday said Karnataka aims to become a global innovation leader in AVGC-XR technologies by generating 30,000 new high-quality jobs in the sector by 2028. The media and entertainment industry in the state accounts for 20% of the Indian media and entertainment industry, employing more than 15,000 professionals,” Siddaramaiah added while inaugurating the Bengaluru GAFX-2024 conference …

Karnataka will attract investment of ₹1.4 lakh crore annually: M.B. Patil
1 year ago

Karnataka will attract investment of ₹1.4 lakh crore annually: M.B. Patil

The Hindu  

Karnataka has a mandate to capture investments to the tune of ₹1.4 lakh crore annually to boost the State’s economy, said Minister of Large and Medium Industries M.B. The State was aiming to position itself as a best-in-class investment destination in Asia for future technology and advanced manufacturing, and to achieve this, the government has initiated several strategic initiatives that …

Budget 2022: Want To Make A Career In Gaming And Animation? FM Nirmala Sitharaman Has ‘Good News’
2 years, 10 months ago

Budget 2022: Want To Make A Career In Gaming And Animation? FM Nirmala Sitharaman Has ‘Good News’

News 18  

If you are someone who wants to build a career in gaming, comic, animation and other related fields then India may soon be a happening place to get jobs. Finance Minister Nirmala Sitharaman in her Budget 2022 speech announced the creation of a new task force that will look at ways to build domestic capacity and also to serve the …

’Animation, gaming critical for job creation; I&B Ministry working on policy’
4 years, 3 months ago

’Animation, gaming critical for job creation; I&B Ministry working on policy’

Live Mint  

The animation, visual effects and gaming sectors are critical to India’s media and entertainment industry growth in terms of innovation and job creation, said senior government officials on Tuesday. Speaking at the Global AVGC Summit for the Confederation of Indian Industry, representatives of the ministry of information and broadcasting said they are not only working with the Indian Institute of …

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