News/City Updates

Gaming, virtual reality and animation city to be set up in Vizag

In what is coming as a heartening news to Vizag, Andhra Pradesh Chief Minister Nara Chandrababu Naidu has approved for establishing animation, gaming, virtual reality and comic sectors in Andhra Pradesh at a meeting with the cabinet.

The CM and his cabinet members met at the Interim Government Complex in Velagapudi on Monday with an aim to make the state excel in the field of animation and gaming. In this regard, the Animation Visual Effects Gaming and Comics (AVGC) Policy 2018-2020 has been approved by the cabinet.The main objective of the policy is to draw Rs 6400 Crores investment by 2020 which will be used to develop a 40 acre animation and gaming city in Vizag.

The government stated that it will grant 25-30% one time subsidy on capital expenditure for hardware and supply 24/7 quality power with an internet fibre line at the AVGC Hub. The cabinet is keen on bridging the gap between the demand and supply of human resources and attract a larger share of work by outsourcing in animation and gaming sector.

The cabinet also approved to provide a 40 acre fully developed land to Franklin Templeton Investments (FTI) to establish its core Invest Management, Data Science, Predictive Analytics and Artificial Intelligence teams in Vizag.

Hopefully, the sector would serve as an employment base to people in the state who love to shine in the field of virtual reality and gaming. It would also pave way for the city to stand out in the field of animation.

Share
Leave a Comment

Recent Posts

2nd Infosys campus to new data units: Lokesh shares 5 key IT developments in Visakhapatnam

Andhra Pradesh's IT and HRD Minister, Nara Lokesh, has revealed a series of exciting IT…

36 mins ago

Badamgir Sai passes away

Noted stage artiste and founder of Rangasai Nataka Sangam and Rangasai Nataka Grandhalayam, AVVS Murthy,…

2 hours ago

What Are The New Releases on OTT Today? Here’s What to Add to Your Watchlist

A slew of fresh and exciting OTT releases are dropping today, promising a binge-worthy lineup…

17 hours ago

Hot & Hearty: The best soups in Visakhapatnam that complements this weather!

With the weather taking a turn these past couple of days, it’s like Visakhapatnam has…

18 hours ago

Plan a trip from Vizag to these 5 skiing destinations in India this winter

Dreaming of swishing down powdery white slopes with crisp mountain air in your lungs? While…

18 hours ago

Bigg Boss 8 Telugu: Voting polls drastically change, THIS celeb is in danger!

Based on the unofficial voting polls, two contestants are leading— Yashmi and Prerana. In many…

20 hours ago