{"id":30223,"date":"2024-09-30T18:33:57","date_gmt":"2024-09-30T13:03:57","guid":{"rendered":"https:\/\/www.nextias.com\/ca\/?p=30223"},"modified":"2024-09-30T18:33:58","modified_gmt":"2024-09-30T13:03:58","slug":"union-cabinet-approves-national-centre-of-excellence-for-avgc","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/30-09-2024\/union-cabinet-approves-national-centre-of-excellence-for-avgc","title":{"rendered":"Union Cabinet Approves National Centre of Excellence for AVGC"},"content":{"rendered":"\n<p><strong>Syllabus: GS3\/ Economy<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>In Context<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Union Cabinet recently approved the establishment of a <strong>National Centre of Excellence (NCoE) for Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) <\/strong>in Mumbai.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>About<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The establishment of the NCoE was <strong>announced in the 2022-23 budge<\/strong>t, which proposed the creation of an AVGC task force in the country.&nbsp;<\/li>\n\n\n\n<li>India\u2019s animation sector is witnessing remarkable growth, driven by increasing demand for films, visual effects (VFX), gaming animation and engaging mobile content.<\/li>\n\n\n\n<li>According to the FICCI-EY 2024 report, India now boasts the <strong>second-largest anime fan base globally<\/strong> and is projected to contribute 60% to the worldwide growth in anime interest in the coming years.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Points about NCoE<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>NCoE will be set up as a <strong>Section 8 Company under the Companies Act, 2013<\/strong>.<\/li>\n\n\n\n<li>NCoE AVGC aims at creating a world class talent pool in India to cater to the Indian as well as global entertainment industry.&nbsp;<\/li>\n\n\n\n<li>Provisionally named the <strong>Indian Institute for Immersive Creators (IIIC)<\/strong>.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img data-dominant-color=\"dbdad8\" data-has-transparency=\"false\" loading=\"lazy\" decoding=\"async\" width=\"996\" height=\"878\" src=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2024\/09\/Key-Points-about-NCoE-jpg.webp\" alt=\"Key Points about NCoE\" class=\"not-transparent wp-image-30224\" style=\"--dominant-color: #dbdad8; width:420px;height:auto\" srcset=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2024\/09\/Key-Points-about-NCoE-jpg.webp 996w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2024\/09\/Key-Points-about-NCoE-300x264.webp 300w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2024\/09\/Key-Points-about-NCoE-768x677.webp 768w\" sizes=\"auto, (max-width: 996px) 100vw, 996px\" \/><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><strong>Benefits of NCoE<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Skill Development: <\/strong>NCoE provides training programs that equip individuals with advanced skills in animation, gaming, visual effects, and XR technologies, fostering a highly skilled workforce.<\/li>\n\n\n\n<li><strong>Innovation Hub:<\/strong> The center promotes research and innovation in AVGC and XR technologies, driving new developments and creative solutions in these rapidly evolving fields.<\/li>\n\n\n\n<li><strong>Industry Growth:<\/strong> By offering resources, infrastructure, and networking opportunities, NCoE helps boost the AVGC sector, enabling Indian companies to compete globally and increasing job creation.<\/li>\n\n\n\n<li><strong>Global Competitiveness &amp; boosting soft power: <\/strong>The center strengthens India\u2019s position as a global hub for AVGC and XR industries, attracting foreign investments and projects.<\/li>\n\n\n\n<li><strong>Economic Impact:<\/strong> Employment creation, increased revenue from exports and domestic markets.<\/li>\n<\/ul>\n\n\n\n<p><strong>Source: PIB<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Union Cabinet recently approved the establishment of a National Centre of Excellence (NCoE) for Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) in Mumbai.<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-30223","post","type-post","status-publish","format-standard","hentry","category-current-affairs"],"acf":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/30223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=30223"}],"version-history":[{"count":2,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/30223\/revisions"}],"predecessor-version":[{"id":30236,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/30223\/revisions\/30236"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=30223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=30223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=30223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}