Rajasthan CM Unveils AVGC-XR Policy 2024 to Become Global Hub by 2030

Rajasthan Chief Minister Bhajan Lal Sharma officially launched the Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) Policy 2024, a key initiative announced in the state's budget earlier this year. 

The policy aims to position Rajasthan as a global leader in the AVGC-XR sector by 2030.

The launch took place ahead of the Rising Rajasthan Global Investment Summit, set to occur from December 9-11, where AVGC-XR will be a focal point. 

The Summit aims to establish Rajasthan as a top destination for innovation, attracting investors, industry leaders and policymakers.

In his address, the Chief Minister described the AVGC-XR policy as a bold step into the future, combining Rajasthan's rich cultural heritage with cutting-edge technology to drive innovation and build a global footprint in immersive technologies. 

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Rajasthan currently hosts over 600 startups in the AVGC-XR sector and aims to grow that number to 3,000 by 2030.

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The state government has allocated INR 1,000 crore in its 2024-25 budget to support the sector. Rajasthan plans to establish high-tech labs, subsidized coworking spaces, and skill development programs to nurture talent in AVGC-XR. 

The policy also envisions the creation of incubators and accelerators in key cities providing mentorship and resources for entrepreneurs.

With the AVGC-XR market in India expected to grow from $3 billion to over $26 billion by 2030 Rajasthan is positioned to play a crucial role in this expansion. The policy also aims to generate over 50,000 jobs by 2030 and foster the development of digital content that reflects the state's cultural heritage empowering local talent to create globally recognized intellectual properties. 

By integrating creativity and technology, Rajasthan is set to emerge as a hub for AVGC-XR innovation, contributing significantly to India's digital transformation.

Rajasthan CM Unveils AVGC-XR Policy 2024 to Become Global Hub by 2030