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Animation, gaming sector to see 10-fold growth

According to the apex body of the information technology industry Nasscom, the country's animation and gaming sector would grow at a compounded annual growth rate of 35 percent and 78 percent respectively to reach $950 million and $300 million by 2009.

This reflects a ten-fold increase, although on a smaller base, from $30 million in 2005 to $300 million by 2009 for the gaming industry. In the case of the animation sector, it would grow from $285 million to $950 million. However, this could potentially be much higher given the advantages Indian professionals bring to companies abroad.

Commenting on this, the association’s President, Kiran Karnik said that the rapid growth of mobile telephony, increase in personal computers and greater use of animation content would fuel the growth of the domestic market too. “If India focuses on developing the talent pool and leveraging the cost competitiveness, animation and gaming look like the next promising fields,” he added.

Releasing the findings of the Animation Report at the Animation India 2006, Karnik said India has advantage of a vibrant entertainment industry, a large consumer base and technology expertise. What is needed is to synergies these to play a bigger role.

"While companies engaged in the industry typically train people to meet their requirement, we need to play a role similar to what three southern States managed to do so by creating a manpower base through engineering colleges. Unless we do this, we would not be able to meet the requirement of about 30,000 professionals by 2009," he said.

The global players such as Sony Entertainment, Viacom, Time Warner and Virgin, they are all looking at India as a market and a resource base. Virgin has recently announced partnership with film director Shekhar Kapur, reflecting the possibilities such synergies could bring in. “Given the need to grow this industry and create the necessary base to tap a growing market, we need to adopt a cluster approach to development,” Karnik added.

( www.siliconindia.com)

 
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