Telangana To Attract Rs 250 Crore From VFX And Gaming

In the visual effects, gaming, animation, and allied segments, Telangana are expected to receive investments of Rs 250 crore this year. The media segments was badly hit by Covid and are now returning to normal.

“Hyderabad is becoming the hub of animation, VFX, and e-sports. Deals worth more than $ 30 million are being talked about at the ongoing industry event IndiaJoy,” said Rajiv Chilaka, President of industry body Telangana VFX, Animation and Gaming Association (TVAGA) and Founder and CEO of Hyderabad-based Green Gold Animations.

As per him, the industry now employs about 10,000 people in Hyderabad. Many companies, after successfully dealing with the pandemic, are now back to hiring and are likely to hire about 20% of this.OTT, Cinemas, and the creator economy are the key demand drivers.

Members will have access to shared facilities and save money in the 1.6 million square foot IMAGE Tower. Six studios will be available, including one large studio with a 120 x 100-foot floor plan. It will be 40 Ft high. A motion capture studio, as well as a green matt studio, will also be available. It will house a DI (Digital Intermediate ) suite for colour grading, the final stage of video post-production.

As soon as this is ready, existing players will expand, and new ones, including many international companies, will join.