- The cabinet approves the National Centre of Excellence (NCoE) for Animation, Visual Effects, Gaming, Comics and Extended Reality (AVGC-XR) as a section 8 company under the Companies Act, 2013.
- To be established in Mumbai, Maharashtra and FICCI and CII to represent industry bodies as a partner with the government of India.
- To act as a pinnacle institution to anchor the AVCG-XR ecosystem in India.
- It will foster the creation of indigenous intellectual property (IP) and build the future of India’s digital creative economy.
- It will be modelled after premier institutions like IITs and IIMs, and also will act as an incubation centre for start-ups in this field.
Dig Deeper: Read about immersive technologies like Virtual Reality (VR), Augmented Reality (AR), Mixed Reality (MR) and 3D modelling & animation.