About National Centre of Excellence for AVGC:
- It will be set up as a Section 8 Company under the Companies Act, 2013 in India.
- The Federation of Indian Chambers of Commerce & Industry and Confederation of Indian Industry represent the industry bodies as partners with the Government of India.
- It aims at creating a world class talent pool in India to cater to the Indian as well as global entertainment industry.
- It is provisionally named the Indian Institute for Immersive Creators (IIIC), this center aims to revolutionize the AVGC sector and foster innovation in immersive technologies.
- It will be modeled after renowned institutions like the Indian Institutes of Technology (IITs) and Indian Institutes of Management (IIMs).
- Key objectives of the NCoE (IIIC):
- Focusing of creating Indian IP
- Leveraging our cultural heritage in new age
- Create a multiplier effect in the industry
- An industry led initiative, in partnership with state and academia
- Integrated focus on education, skilling industry, development, innovation
- Hub and spoke model of development to be followed
- IIIC as the hub and several center’s as its spokes dedicated innovation and research fund to promote start-up ecosystem
- Significance: This initiative is set to boost the economy while creating new job opportunities in the rapidly growing AVGC sector.
- As a global hub for filmmaking, India's advancements in technology and infrastructure will enable the production of high-quality content, positioning the country as a leader in technological innovation and creativity.
