Hyderabad: Apart from the slowdown because of the pandemic, Hyderabad has succeeded in attracting many players in the VFX and Gaming industries in the past two to three years, Minister of Teutana and Industries KT Rama Rao said on Tuesday.
“In the last three years, 10 new VFX production houses have been established in Hyderabad.
City-based gaming companies have also made the best of market opportunities during a pandemic and 45 new companies have chosen Hyderabad as their goal in the last two years taking the total number of gaming companies to 80 Here, “KTR said when giving a major address at the 2021 Four-Day India event which began in the city.
KTR shows that Telangana is one of the main contributors to VFX outsourcing to Hollywood and the regional film market because of its comprehensive ecosystem.
The city has 20 academies that create a collection of world-class talents in the industry and more than 40 production houses that use nearly 30,000, he added.
Rajiv Chilaka, Telangana Mentor VFX, Animation and Gaming Association, and Founder & MD from Green Gold Studios, Popular Cartoon Maker ‘Chhota Bheem’, said the last two years have been challenging for the game industry, animation and VFX.
“While the animation has decreased by 20% in income, gaming rose by around 10%,” he said, adding that this period has been effectively used by this sector to invest in intellectual property and this is expected to reap rich dividends in the future.
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Biren Ghose, Head of State Technicolor India and Chief of the CII National AVGC Sub-Committee said the state government must focus on the creation of infrastructure and skills to attract investment in the state and foster the overall ecosystem.
KTOR told me that the government was trying to establish a picture tower and even though the development had slowed because of the pandemic, the construction of 1.6 million SFT facilities was expected to be completed in the first quarter of 2023.