Establishment of National Centre of Excellence for AVGC-XR
| Aspect | Details |
|---|---|
| Event | Union Cabinet approves National Centre of Excellence (NCoE) for AVGC-XR |
| Date | September 18, 2024 |
| Location | Mumbai |
| Legal Structure | Section 8 Company under the Companies Act, 2013 |
| Proposed Name | Indian Institute for Immersive Creators (IIIC) |
| Model | Hub-and-spoke model with IIIC as the central hub |
| Partners | Industry bodies like FICCI and CII |
| Training Focus | Specialized programs for amateurs and professionals to develop Indian intellectual property |
| Technological Basis | Advancements from films like "The Lion King" and "RRR" |
| Key Cities | Mumbai, Chennai, Bangalore, Hyderabad |
| Employment Potential | Up to 500,000 jobs |
| Cost Structure | Controlled costs for attendance as a government institution |
| Official Name Announcement | Expected at the World Audio Visual & Entertainment Summit (WAVES) in February 2025 |
| WAVES Summit | Initially scheduled in Goa, postponed to Delhi |
| Previous Initiative | Launch of 25 industry-led challenges across various fields by Ashwini Vaishnaw |