A consortium of Indian video games and esports companies have written to the newly formed government, requesting a comprehensive industry-focussed policy, regulatory streamlining and a clear distinction from real money games that are often conflated with video games under the “Online Games” umbrella term. In addition to clear classification, the video games industry in the country, represented by over 70 companies, has also made nine further suggestions to help accelerate the growth of the gaming sector in India.
In a letter to the Prime Minister's Office (PMO) and the Ministry of Information and Broadcasting (MIB) sent Tuesday, Indian video game companies sought a “comprehensive, video games-focussed policy in line with global best practices.” The companies also requested government's support for growing Indian-made original IPs and legislative and regulatory streamlining to help bring clear policies for video games in the country.
“The Indian Video Games Industry has requested the newly formed Indian government to break the existing categorisation of online games into two separate categories — video games and real money games, for fair and equitable policymaking and to boost the sunrise sector's growth in a new representation letter to the Prime Minister's Office and to the office of the Minister of Information and Broadcasting (MIB),” a press release from the companies said.
Harish Chengaiah, founder and CEO of Outlier Games, who also organised the consortium of Indian game developers, said that the video games industry in India was set to be worth $942 million (roughly Rs. 7,864 crore) in 2024, citing data from video game market research firm Niko Partners. The games sector in India was projected to reach $1.6 billion (roughly Rs. 13,357 crore) by 2029, surpassing the cumulative revenues of all Indian film industries and becoming the largest entertainment industry in the country.
The Outlier Games CEO also sought to draw a clear line between video games —
Read more on gadgets.ndtv.com