Maharashtra's Bold AVGC-XR Policy Paves Path to 2050
The Maharashtra cabinet has approved the AVGC-XR Policy 2025, projected to create 200,000 jobs and attract an investment of Rs 50,000 crore by 2050. The policy aims to establish Maharashtra as a global hub for animation and media technology, with dedicated parks and educational initiatives across major cities.
- Country:
- India
The Maharashtra cabinet has approved a forward-looking policy, the Animation, Visual Effects, Gaming, Comics and Extended Reality (AVGC-XR) Policy 2025. This initiative aims at positioning the state as a global hub for entertainment and media technology by 2050, driving the creation of 200,000 high-tech jobs and attracting Rs 50,000 crore in investments.
The policy outlines the development of AVGC-XR parks and special hubs with cutting-edge infrastructure across cities like Mumbai, Pune, and Nagpur. The state's Economic Advisory Council has identified this sector as crucial to achieving Maharashtra's aim of becoming a USD 1 trillion economy, with educational programs supporting this growth.
According to the Chief Minister's Office, Maharashtra's AVGC-XR sector will play a pivotal role in India's rapidly expanding Media and Entertainment industry, which is forecasted to grow significantly, contributing substantially to both direct and indirect job creation nationwide.
- READ MORE ON:
- Maharashtra
- AVGC-XR
- policy
- investment
- jobs
- animation
- media
- technology
- infrastructure
- economy
ALSO READ
TCS Partners with ARN Media for Technological Transformation
U.N. Calls for Immediate End to Israel's Assault on Gaza
U.N. Chief Calls for Immediate Halt to Israel's Assault on Gaza
Ukraine's top commander sacks officers after territorial losses, media reports say
New York's ban on addictive social media feeds for kids takes shape with proposed rules
Google News