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Will make TS hub for South Asian film industry: KTR
Telangana will become a hub for the South Asian film industry backed by the government’s push for gaming, technology and entertainment space with world-class technicians, post-production facilities and VFX setup, said the State’s IT Minister.
Hyderabad: Telangana will become a hub for the South Asian film industry backed by the government's push for gaming, technology and entertainment space with world-class technicians, post-production facilities and VFX setup, said the State's IT Minister.
In his address after inaugurating the 2nd edition of Indiajoy 2019, India's biggest event for gaming, media and entertainment, the Minister said, "VFX, post-production work for our very own Chhota Bheem was done within the State already. Works for some of the biggest movies like Life of Pi, Bahubali, Magadheera and Arundhati were done in Hyderabad.
The global animation industry is slated to be worth $270 billion by next year. We should get a slice of that. I see the exponential growth of the animation industry and hyper personalisation of content as an opportunity to create jobs in Hyderabad and Telangana.
OTT (Over The Television) broadcasters are partnering with animation studios for original content localised in Indian languages. Streaming OTT is worth $2.9 billion logging 8 per cent growth."
"On the future course, we plan to build an Image tower in the city by 2002. Spread over 16 lakh square foot the facility could help global giants with anything from animation to visual effects to gaming to motion capture technologies. We seek to provide employment to those residing in tier-2 and tier-3 towns," he said.
We are easing the policy to encourage more firms to set shop in the State. Our main goal through an event like Indiajoy is to help SMEs in this space flourish and also ring in more publishers, marketeers, local producers and help them find their feet in Telangana, he explained.
"Besides, we are happy that the State houses over 250 gaming startups and the number is only growing with time. Nearly one-third of the world's population is into the gaming sector," he added.
Over 30,000 visitors are expected to attend the 4-day event, being held at HICC. IndiaJoy festival is supported by the Telangana Government and has 9 events that include IGDC (India Game Developer Conference), Desi Toons, VFX Summit, InfluencerCon, Investor-Publisher Connect, E-Sports, OTT Pulse and the Indiajoy Music Fest.