Union Budget 2026: FM Allocates ₹250 Crore for Animator Training, Boosts AVGC Sector
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CNBC TV18•01-02-2026, 17:37
Union Budget 2026: FM Allocates ₹250 Crore for Animator Training, Boosts AVGC Sector
- •Finance Minister Nirmala Sitharaman announced ₹250 crore in Union Budget 2026-27 to train animators, boosting India's "Orange Economy" with a focus on AVGC (Animation, Visual Effects, Gaming, Comics).
- •The AVGC sector is projected to need nearly two million professionals by 2030, prompting government intervention to build a robust talent pipeline through the Indian Institute of Creative Technologies (IICT).
- •IICT will establish AVGC Content Creator Labs in 15,000 secondary schools and 500 colleges to nurture grassroots talent and provide creative and technical skills.
- •The initiative aims to meet workforce needs, enable India to export IP and creative services, and combine creativity with technology-led skill development.
- •IICT, operating from NFDC campus in Mumbai, offers 17 specialized academic programs and partnerships with global tech giants like Google, Meta, and Microsoft, also serving as a hub for startup incubation and IP creation.
Why It Matters: The Union Budget 2026 allocates ₹250 crore to train animators, significantly boosting India's AVGC sector.
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