Minister visits Infopark, reviews AVGC-XR sector

Industries Minister P. Rajeeve on Monday visited Infopark to explore the State’s evolving Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) sector.

Infopark recently launched Kerala’s first premium plug-and-play co-working space tailored to AVGC-XR start-ups and entrepreneurs.

New job opportunities

The AVGC-XR industry in India is poised for remarkable growth, with expectations to create 2.3 million direct jobs by 2032 – up from 260,000 today – and a projected rise in revenues from $3 billion to $26 billion by 2030, a release here said.

“Kerala is committed to being a leader in India’s AVGC-XR revolution, which holds immense potential for job creation and economic development,” the Minister said.

In recognition of the AVGC-XR sector’s potential, the Kerala government recently approved a State-specific AVGC-XR policy, which includes plans to establish a centre of excellence.

Published - October 28, 2024 10:31 pm IST