The Andhra Pradesh government plans to unveil an animation policy that proposes a set of incentives to promote the animation and gaming industry, information technology and communications minister P. Sabitha Reddy announced in the legislative assembly.
An Animation Training Academy with private-sector participation would also be set up in the city by next year, she said. Quoting a study report of the software industry body Nasscom, the minister said Hyderabad ranked third after Mumbai and Kolkata in terms of growth potential for the animation sector due to availability of technical skills and low-cost operations. At present, there are 16 animation companies in the state.
The size of the animation and gaming industry market in India, which is worth $354 million (Rs1,157 crore) currently, is expected to touch $869 million by 2010, Reddy said.