Maharashtra's Bold AVGC-XR Policy Paves Path to 2050

The Maharashtra cabinet has approved the AVGC-XR Policy 2025, projected to create 200,000 jobs and attract an investment of Rs 50,000 crore by 2050. The policy aims to establish Maharashtra as a global hub for animation and media technology, with dedicated parks and educational initiatives across major cities.

The Maharashtra cabinet has approved a forward-looking policy, the Animation, Visual Effects, Gaming, Comics and Extended Reality (AVGC-XR) Policy 2025. This initiative aims at positioning the state as a global hub for entertainment and media technology by 2050, driving the creation of 200,000 high-tech jobs and attracting Rs 50,000 crore in investments.

The policy outlines the development of AVGC-XR parks and special hubs with cutting-edge infrastructure across cities like Mumbai, Pune, and Nagpur. The state's Economic Advisory Council has identified this sector as crucial to achieving Maharashtra's aim of becoming a USD 1 trillion economy, with educational programs supporting this growth.

According to the Chief Minister's Office, Maharashtra's AVGC-XR sector will play a pivotal role in India's rapidly expanding Media and Entertainment industry, which is forecasted to grow significantly, contributing substantially to both direct and indirect job creation nationwide.

(With inputs from agencies.)