Archive · 27 May 2025
State Plans New AVGC-XR Policy to Attract Studios
The State government is working on a new plan to boost its animation, gaming, and virtual reality industries.
This plan, called AVGC-XR, aims to bring in companies and create jobs.
The government wants to be a major player in this growing field, hoping to attract even Hollywood studios.
Officials are talking with industry experts to get their ideas and make the plan as good as possible.
The goal is to keep talented people in the state, create jobs, and make the state a hub for creative work, taking advantage of lower costs compared to other cities.
They plan to create a special zone in Visakhapatnam and offer financial help to the industry.
The State government is developing an AVGC-XR policy to boost digital creativity.
The policy aims to attract Hollywood studios to outsource technical components.
Representatives from industry groups have met with officials to discuss the policy.
The policy seeks to increase employment, retain talent, and strengthen the media ecosystem.
The state has a cost advantage compared to cities like Hyderabad and Bengaluru.
- Who
- The State government.
- What
- Introducing an AVGC-XR policy.
- When
- The policy is currently in development.
- Where
- The State.
- Why
- To make the state a hub for digital creativity and attract global companies.
- Policy Name
- AVGC-XR
- Industry Focus
- Animation, Visual Effects, Gaming, Comics, Extended Reality
- Policy Goal
- Attract AVGC-XR companies, boost local jobs, and retain talent
- Anticipated Benefit
- Attract Hollywood studios, cost advantage over other cities
- Key Location
- Visakhapatnam
- Stakeholders Involved
- APDTI Network, Andhra Pradesh Vfx Animation Gaming Association, State officials, entrepreneurs
- Published Date
- May 27, 2025