AVGC-XR OVERVIEW

AVGC-XR Industry

1. Global AVGC-XR Market: Projected to exceed $800 billion by 2026, driven by rapid digital adoption and innovation.

2. India’s Rapid Growth: Valued over $1 billion (2021), India's AVGC-XR industry is emerging as a global creative hub.

3. Job Potential: Currently employs 260,000 people; expected to reach 2.3 million direct jobs by 2032.

4. $1B Creator Fund: Indian government announced a $1 billion public-private fund to boost creators and global competitiveness.

5. IICT Mumbai: Government sanctioned ₹391 crore to establish the Indian Institute of Creative Technology (IICT), modeled after IITs.

6. National AVGC-XR Policy: A dedicated national policy will promote investment, innovation, IP protection, and talent development.

7. State-level Policies: Over 10 states (including Karnataka, Maharashtra, Telangana, Rajasthan) have introduced AVGC-XR policies with incentives and infrastructure.

8. Create in India & WAVES Summit: The government’s Create in India Mission supports indigenous innovation, complemented by the annual WAVES Summit promoting global collaboration.

Rajasthan AVGC-XR Policy 2024: Key Highlights

1. ₹1,000 Crore Investment – Establishing Atal Innovation Studios & Accelerators to foster startups and entrepreneurship in AVGC-XR.

2. 50,000 Jobs Creation – Industry-academia collaboration to develop a skilled workforce and drive employment growth.

3. Comprehensive Incentives – Financial grants, skilling incentives, and IP creation support to boost startups and studios.

4. Cultural & Heritage Integration – Promoting content that showcases Rajasthan’s rich history and traditions on a global scale.

5. Global IP & Market Expansion – Focus on original intellectual property (IP) creation to position Rajasthan as a global AVGC-XR hub.