Animation and gaming market is expected to expand well this year
The Association of Bangalore Animation Industry (ABAI), in collaboration with the Government of Karnataka organised the ABAI - AVGC (Animation, Visual Effects, Gaming and Comics) Summit on 28 and 29 August in Bangalore, focusing on discussion and script the future of the media and animation industry.
The KAVGC Summit held annually for the last 3 years with the support of the Government of Karnataka, continues to increase its focus on the business and industry of AVGC, aiming to provide a forum for knowledge sharing and improved connectivity among decision makers and stakeholders in the sector. The power packed audience included senior Government officials, trade body representatives, CEOs, entrepreneurs and senior management. As usual, the event featured the "Who’s Who" from the international AVGC world sharing their experience and expertise and making themselves available for those who want more from them.
Hosted by Karnataka Government, the inauguration took place by S R Patil, minister for IT, BT and S&T Government of Karnataka, along with I S N Prasad, principal secretary, Department of IT, BT and S&T, Government of Karnataka, and CEOs and MDs of several well-known companies in this sector like Rajesh Rao of Dhruva Interactive.
Addressing the delegates, Mr. S R Patil said, "Karnataka is the first state to announce a dedicated policy for Animation, Visual Effects, Gaming and Comics Policy in the country."
"AVGC sector is growing at a CAGR of over 10 per cent across the globe," he said and further added that the Animation and Gaming global market alone is expected to touch over 153 billion US Dollars during this year.
Mr. S R Patil further opined that the Indian Animation and Gaming industry when compared to the global market is growing at a CAGR of 22 per cent and is expected to cross 5 billion US Dollars during this year.
"Our aim is to make Karnataka the most preferred and lucrative outsourcing destination as well as attracting venture capital funding for new entrants in the AVGC sector," he added.
Mr. Biren Ghose, president, ABAI and Country Head, Technicolor India, said, "The 2013 edition of the ABAI Karnataka AVGC Summit is meant to provide new direction to professionals and companies highlighting growth and opportunity areas. It showcases our engagement with the academia, government and industry and highlights the policy execution we have enabled as well as the roadmap for the next year."
Mr. Rajiv Chilaka, Founder, Green Gold Animation was awarded the “ABAI Leadership Excellence Award” for his contribution towards building India’s first iconic animation brand- ‘Chhota Bheem’.
The Summit saw experts in the field interact with each other, and also provided people looking to enter this field with a comprehensive insight, and a platform to network from.
Also announced at the event was the ABAI Fest, taking place later this year, along with the Train The Trainer and Digitalisation of Art Colleges initiatives, leaving everyone with a lot of exciting things to look forward in the near future.
The event was supported by KBITS, Wipro and HP.
The KAVGC Summit only looks like it’s going to get bigger and better in the coming years.