India’s Media and Entertainment industry to generate $100 billion by 2030: Anurag Thakur
India’s post production is scaling new heights with VFX studios in Mumbai and Hyderabad working on hit Hollywood movies for over a decade now
Source - GoI
The Information and Broadcasting minister Anurag Thakur has said that India’s media and entertainment industry is on track to become the global hub of content creation and post production. The sunrise industry is likely to generate Rs.4 lakh crores by 2025 and Rs.7.5 lakh crores ($100 billion) by 2030, said the I&B minister.
“The rapidly expanding digital infrastructure in the country and ongoing advancements taking place in the AVGC (Animation, Visual Effects, Gaming and Comics) sector have the potential to make India the preferred Post-Production hub of the media and entertainment industry,” Thakur said at the National Conference on “Changing Landscape of Media & Entertainment 2022” organized by the Symbiosis Skill & Professional University in Pune.
Thakur said, “A solid digital foundation for the AVGC sector is emerging across the country and the Government has established a Task Force for the AVGC sector in order to develop world class creative talent to meet domestic and global demand”.
The Government of India has designated audio-visual services as one of the 12 Champion Service Sectors and announced policy measures for sustained growth.
“It is imperative for industry and academia to come together and design programs relevant to the needs of this sector”, Thakur said. He expects more start-ups from the talent produced by film schools like FTII and SRFTI.
Thakur said, “With quality content, easy access and an eager audience, India is ready to narrate its own success story and become a content creation hub”.
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