According to FICCI report Indian M & E industry grew 8% in 2023 to reach INR 2.3 trillion.
It is expected the Indian M & E industry to grow at a CAGR of 10% to reach INR 3.08 trillion from 2023 to 2026.
As per NSDC report, by 2026, the Indian Media & Entertainment Industry would be requiring 20 Lakh+ working professionals.
But the M & E industry as whole still lacks sufficient world class training facilities to enable professionalism and best practices.
Significant government support and private investments will be needed to correct this imbalance.-The IMAGE Tower was built by Salarpuria Sattva in collaboration with the Telangana government to support the growth of AVGC sector in Hyderabad.
The Maharashtra government has sanctioned 20 acres of land for an AVGC training institute in Goregaon Film City premises and it is also coming up with its first Maharashtra Film, Media and Entertainment Policy.
The government of India announced its plan to develop an AVGC National center for Excellence in collaboration with IIT Bombay.
GOA AVGC-XR association has been established to foster collaboration, innovation, and growth in the AVGC-XR sectors, positioning GOA as a prominent hub for these creative industries.Â
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