For the first time ever the animation, visual effects, gaming and comic (AVCG) segment found mention in an Union Budget. Finance Minister Nirmala Sitharaman in her budget speech announced that a promotion task force will be setup for the animation, visual effects, gaming and comics as the sector offers immense potential for employment.
This announcement has sent a wave of cheer among several startups especially in the gaming sector, which have been battling with several state governments on their status as industry.
"We welcome the budget's focus on promoting startups and giving impetus to the Digital Economy. The taskforce for promoting the AVGC sector will provide the much-needed clarity and certainty for the Fantasy Sports and Esports sectors by providing