Budget 2022 on Gaming, Animation industry: Govt to set up TASK FORCE

tech.hindustantimes.com:

Budget 2022 updates: As part of the Union Finance Minister Nirmala Sitharaman's budget announcements, a lot of emphasis was laid on gaming and animation industry. As part of the budget announcement speech, the Finance Minister clarified that emphasis will be laid on the animation, visual effects, gaming, and comic promotion industry by setting up a task force. This group will recommend ways to serve the markets as well as global demand.

"Animation, Visual Effects, Gaming, and Comics (AVGC) task force will be set up to build domestic capacity to serve our markets and global demand,” Sitharaman said in her Budget 2022-23 announcement speech.

“It is very encouraging to see that the Union Budget has taken into consideration some of the long-pending suggestions for the Animation, Visual Effects, Gaming, and Comics (AVGC) sector, while noting the strong potential this industry holds for employment-generation as well as taking ‘Made in India’ game titles global.

We welcome the Hon’ble Finance Minister's announcement to set up an AVGC Promotion Task Force to provide a much-needed boost to the sector. This announcement highlights the need to build capacity to serve both domestic and global markets, and is a strong indicator of the impetus that the government is willing to provide for its growth. It is also heartening to see the governments commitment to work with the industry, allowing for a balanced approach that accommodates the needs of all stakeholders and strengthens the ecosystem holistically," says Sai Srinivas, Co-Founder and CEO, Mobile Premier League (MPL).

“The setting up of the AVGC promotion task force announced in the Union Budget will help India achieve its potential of achieving 20 lakh jobs according to Deloitte