“AVGC promotion task force will be set up”: Gaming industry experts hail Finance Minister’s announcement on Budget 2022

In a first of its kind decision, Finance Minister Nirmala Sitharaman while presenting the details regarding Budget 2022 under Narendra Modi government announced that the authorities are preparing to set up an AVCG (Animation, Visual Effects, Gaming, and Comics) task force that will help to promote this sector among the young generation.

Online gaming has been one of the most discussed topics in the pandemic era. From international companies investing in the country to homegrown organizations battling neck to neck with overseas companies to leave a mark upon this field, the gaming and animation industry has grown rapidly over the recent years. Furthermore, the announcement of the AVGC task force has caught the eyes of gaming industry experts as the government has given online gaming more recognition.

Read More: How to obtain the OM eSports Kit in FIFA 22 from SBCs?

Government focuses on gaming and animation industry in Budget 2022

Finance Minister Nirmala Sitharaman announced the new additions, changes in existing systems of the nation’s finance industry today in the presence of other Union ministers. Some of the key points of Budget 2022 were the focus on animation and gaming and empowering the youth build up this sector.

While presenting the Budget 2022-2023, Indian Finance Minister Nirmala Sitharaman announced that Animation, Visual Effects, Gaming and Comic (AVGC) offers immense potential to employ youth. “An AVGC promotion task force, with all stakeholders, will be set up to recommend ways to realize this and build domestic capacity for serving out markets and the global demand,” Sitharaman said.

It was also announced in Budget 2022 that the government plans to roll out 5G services in mobile phones within 2022-23 in major cities across India. This will significantly boost the development of animations, visual effects and other aspects as the industry is heavily reliant on online services. Several experts gave their post budget reactions on this announcement.

Mr Vishwalok Nath, Director, World Esports Cup

We welcome the steps that the finance minister of India as part of Budget 2022-2023 including the creation of the Animation, Visual Effects, Gaming, and Comic (AVGC) task force. We hope that this task force can help promote the creation of a robust infrastructure for game development with gradual benefits to the esports community. We are also looking forward to the 5G spectrum auction this year. 5G can further promote the latest innovations and mass adoption of technologies like cloud gaming in the country.

Mr Lokesh Suji, Director, Esports Federation of India & Vice President of the Asian Esports Federation

It is encouraging to finally see the seriousness from our Government towards this sector which has been long neglected. This will definitely help in setting up the policies which would encourage and build our capacities and capabilities to export to the rest of the world; leading to more domestic video game development studios and more investments in the AVGC sector. Spectrum auctions for 5G is a welcome move for the gaming industry as well, 5G can disrupt the industry is by enhancing the live streaming of games and cloud gaming as well.

Mr Sagar Nair, Co-Founder & CEO, Qlan, The Gamer’s Social Network

It is this continued acceptance that will lead to the progress of the Indian gaming and esports industry. First was esports’ entry in the Asian Games as an official event followed by a government dedicated task force to work with the AVGC sector. I have no doubt that these initiatives as part of the national budget policy highlight the true potential of the Indian gaming & esports segment not only in India but also on the global circuit.

This announcement made by the FM in Budget 2022 has left the eSports industry specialists overjoyed as the government is walking down the path of other countries like Japan and Thailand who are giving much attention to the gaming and eSports industry. With the AVGC task force, it can be assumed that the growth of eSports may rise exponentially.

Also Read: How to complete the 81+ Double Upgrade SBC in FIFA 22 (1st February 2022)?

Stay Updated!

Join our newsletter to receive exclusive updates and curated insights directly to your inbox.

Subscribe NOW