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Narendra Modi-Led Cabinet Approves National Centre of Excellence for AVGC-XR to Boost India's Creative Economy
Digital Studio
|October 2024
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the establishment of the National Centre of Excellence (NCOE) for Animation, Visual Effects, Gaming, Comics and Extended Reality (AVGC-XR) as a Section 8 Company under the Companies Act, 2013 in India with Federation of Indian Chambers of Commerce & Industry and Confederation of Indian Industry representing the industry bodies as partners with the Government of India.
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The NCOE will be set up in Mumbai, Maharashtra and is in pursuance to the Union Minister for Finance and Corporate Affairs' budget announcement for 2022-23 for setting up of an AVGC Task Force in the country.
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