Tencent Rekindles Indian Engagement: Gaming Ecosystem Set to Flourish
Tencent renews its focus on India by investing in the digital gaming sector following regulatory clarity. The company has signed agreements with SEPC and GDAI to promote gaming exports and innovation. Tencent sees India as a burgeoning creative economy with significant growth potential in the AVGC sector.
Tencent, the Chinese tech giant, is reviving its strategic focus on India's digital gaming industry. This action follows recent regulatory clarity and eased trade regulations with China, as reported by a senior official on Friday.
Tencent has entered into a significant agreement with the Services Export Promotion Council (SEPC) and the Game Developer Association of India (GDAI) to bolster the digital gaming ecosystem and enhance exports from India by allocating Rs 10 crore in resources and programs. The initiative aligns with the Indian government's focus on the 'orange economy,' aimed at boosting creative sectors.
The company acknowledges past challenges, particularly after the Galwan Valley incident, but expresses optimism about India's regulatory landscape encouraging further investments. Tencent's commitment is underscored by its focus on AVGC (Animation, Visual Effects, Gaming, and Comics), aligning with India's projected economic growth in this field.
(With inputs from agencies.)
- READ MORE ON:
- Tencent
- India
- gaming
- regulatory
- investment
- AVGC
- China
- SEPC
- GDAI
- orange economy
ALSO READ
Turbulence Strikes Emerging Markets Amid U.S.-China Summit and Middle East Tensions
Tensions Escalate as U.S. and China Discuss Iran's Nuclear Ambitions
Putin and Xi to Discuss U.S.-China Relations Amidst Strengthening Bilateral Ties
Trump's China Visit: No Major Trade Breakthroughs, Stark Warnings on Taiwan
British Foreign Minister's Strategic Visit to China: Strengthening Diplomatic Ties
Google News