BENGALURU: The Karnataka cabinet on Thursday gave approval for the revised AVCG-XR (Animation, Visual Effects, Gaming, Comics, and Extended Reality) Policy 3.0 for the period 2024-2029, to foster growth of the AVGC-XR sector.
Chief Minister Siddaramaiah, in his February 16 budget for 2024-25, has made an allocation of Rs 150 crore. The policy aims at leveraging Karnataka’s existing strengths in IT and BPM to establish the state as a leader in AVGC-XR, create a robust talent pool by transforming the state into a centre of excellence-related skills.
It will also generate 30,000 new jobs by 2028, ensure that exports constitute at least 80 per cent of the sector’s total revenue, and foster sustainability and inclusivity within the AVGC industry.
The policy will ensure skill development for a future-ready workforce, creation of sustainable infrastructure, empowering startups and MSMEs, provision for global market access and business development, incentives, concessions and financial support, and focus on ‘Mobile First’ AVGC products.
The cabinet also approved establishing a Centre of Excellence in wired and wireless technology, in collaboration with Innovation Foundation (ARTPARK-AI and Robotic Technology Park, and I-HUB-Robotics and Autonomous Systems at Indian Institute of Science, Bengaluru, at a cost of Rs 25.08 crore.
Other decisions include:
Retrospective approval of the Registration (Karnataka Amendment) Bill 2024, Karnataka Stamp (Amendment) Bill, 2024 and Karnataka Land Revenue (Amendment) Bill, 2024 which were passed in the assembly
Appointment of qualified Scheduled Caste/Scheduled Tribe candidates if qualified General Class and Backward Class candidates are not available at the time of recruitment for 11,307 supernumerary posts created for permanent payment of civil servants working under direct pay in Bruhat Bangalore Mahanagara Palike
Establishing a ‘Hell-Tech Med-Tech and Centre of Excellence’ at Bengaluru, Science Centre (Category-II) at Raichur at Rs 22.25 crore
Administrative approval for upgradation and maintenance of six central jails and repair of mobile jammer equipment installed in Mangalore District Jail for three years at an estimated cost of Rs 43.76 crore