Summary:

Tencent's announcement of an investment of more than Rs. 10 crore (US$1.08 million) in India's Animation, Visual Effects, Gaming, and Comics (AVGC) industry reflects growing international trust in the nation's expanding creative economy. To bolster the gaming and animation ecosystem, the company has established multi-year relationships with the Game Developers Association of India (GDAI) and the Services Export Promotion Council (SEPC). In order to empower creators and developers, the initiative will concentrate on skill development, training programs, mentorship, and industry engagement. It supports India's efforts to grow its "Orange Economy," which is fuelled by innovation and digital content. By 2030, the AVGC industry would need close to two million workers. Tencent's action is intended to improve India's long-term ecosystem growth, innovation, and access to international markets.

Source: IBEF

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.