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Ministry of Commerce & Industry

AVGC growing at 9 % and expected to reach ~Rs 3 lakh crore (US$ 43.93 bn) by 2024: Union Minister Shri Piyush Goyal With the spirit of “Local goes Global”We must focus on making content that has a local flavour with an international appeal: Shri Piyush Goyal
Shri Goyal urges industry to ensure skill development & building competitiveness by imparting vocational training and technical education in this field
Union Minister Shri Piyush Goyal addresses the valedictory session of CII’s 2ndedition of the Animation, Visual Effects, Gaming and Comics (AVGC) Summit


The Union Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, Shri Piyush Goyal today virtually addressed the valedictory session of2nd edition of CII SummitFX 2021 – Global Animation,VisualEffects ,GamingandComics (AVGC)& Immersive Media Summit. In his keynote address, Union MinisterPiyush Goyal said thatAVGC is growing at 9 % & expected to reach ~Rs 3 lakh crore (US$ 43.93 bn) by 2024 (CAGR of 13.5%).The Minister said that this sector has the potentia
to become the torch bearer of “Create in India” & “Brand India”. Shri Goyal further saidthat AVGC sector has channelised the creative energy of our youth during the pandemic and it has the power to project India’s creativity globally. He said AVGC in India can expand in Multiple Dimensions due to our Multilingual & Multicultural Society and we must focus on making content that has a local flavour with an international appeal.He saidin the Spirit of “Local goes Global:Make in India for the world”, AVGC sector must look beyond boundaries to reach new horizons.He said movies such as Star wars, Avengers, Matrix must serve as an inspiration for the next generation of AVGC Industry of India. Posted On: 27 AUG 2021 8:51PM by PIB Delhi

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