NEWS – Karnataka launches final AVGC-XR policy

WHAT IS IN AVGC-XR POLICY

• AVCG-XR – animation, visual effects, gaming, comics, and extended reality
• AVGC-XR Policy 3.0 is from 2024 to 29
• Aims to foster the growth of the AVGC-XR sector
• Leverage Karnataka’s existing strengths in IT and BPM to establish the state as a global leader in AVGC-XR

Envisions to

• create a robust talent pool by transforming the state into a center of excellence for AVGC-related skills
• Generate 30,000 new high-quality jobs in the sector by 2028
• Ensure that exports constitute at least 80 per cent of the sector’s total revenue
• Foster sustainability and inclusivity within the AVGC industry.

Six strategic pillars, each focusing on a different aspect of the AVGC-XR sectors which include

1. skill development for a future-ready workforce
2. creation of sustainable infrastructure
3. empowering startups and MSMEs
4. provision for global market access and business development
5. Incentives, Concessions, and Financial Support
6. focus on ‘Mobile First’ AVGC products