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"মিডিয়া ও বিনোদন ক্ষেত্র এক বিশাল পদক্ষেপের জন্য প্রস্তুত "

Published By : Admin | September 18, 2024 | 16:24 IST
Cabinet clears establishment of National Centre of Excellence (NCoE) for Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR)
Government’s push towards advancing the creators economy to ensure economic growth and employment opportunity
NCoE to enhance India’s soft power globally & attract foreign investment by positioning India as a content hub for providing state-of-the-art content

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the establishment of the National Centre of Excellence (NCoE) for Animation, Visual Effects, Gaming, Comics and Extended Reality (AVGC-XR) as a Section 8 Company under the Companies Act, 2013 in India with Federation of Indian Chambers of Commerce & Industry and Confederation of Indian Industry representing the industry bodies as partners with the Government of India. The NCoE will be set up in Mumbai, Maharashtra and is in pursuance to the Union Minister for Finance and Corporate Affairs’ budget announcement for 2022-23 for setting up of an AVGC Task Force in the country.

AVGC-XR sector today plays an indispensable role in the entire realm of Media and Entertainment including filmmaking, Over The Top (OTT) platforms, gaming, advertisements and several other areas including health, education and other social sectors thereby encompassing the overall structure of the country’s growth story. With rapidly evolving technology and increasing internet penetration all across the country, coupled with one of the cheapest data rates, the usage of AVGC-XR globally is poised to grow at an exponential pace.

Driving the growth of AVGC-XR sector

To keep up with this brisk pace, the National Centre of Excellence is being established to act as the pinnacle institution to anchor the AVGC-XR ecosystem in the country. Along with offering specialized training-cum-learning programs to equip both amateurs and professionals with the latest skill sets in cutting-edge AVGC-XR technologies, this NCoE will also foster research and development and will bring together experts from various fields like computer science, engineering, design and art that can lead to major breakthroughs in the field of AVGC-XR. This National Centre of Excellence will also extensively focus on creation of India’s IP for both domestic consumption and global outreach, overall leading to creation of content based on India’s rich historical and cultural heritage. Further, the NCoE will function as an incubation centre by providing resources for nurturing startups and early-stage companies in the AVGC-XR field. Also, NCoE will serve not only as an academic accelerator but also a production/ industry accelerator.

By positioning this NCoE as the driving force for the growth of AVGC-XR industry it will serve as one of the biggest sources of employment for the youth from all parts of the country. This will give an enormous push to the creative arts and design sector and make India the hub for AVGC-XR activities furthering the goals of the Atmanirbhar Bharat Initiative.

The NCoE for AVGC-XR will also position India as a content hub for providing state-of-the-art content thereby enhancing India’s soft power globally and attracting foreign investment into the Media & Entertainment Sector.

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Visit of Prime Minister to UAE, Netherlands, Sweden, Norway, and Italy (May 15 - 20, 2026)
May 11, 2026

Prime Minister Shri Narendra Modi will pay an official visit to the United Arab Emirates on May 15, 2026, where he will meet the President of the UAE, His Highness Sheikh Mohamed bin Zayed Al Nahyan. The two leaders will have the opportunity to exchange views on bilateral issues, in particular energy cooperation, as well as regional and international issues of mutual interest. They will also discuss ways to advance the bilateral Comprehensive Strategic Partnership underpinned by strong political, cultural, economic and people-to-people links. The visit will serve to promote the significant trade and investment linkages between the two countries. The UAE is India’s third largest trade partner and its seventh largest source of investment cumulatively over the past 25 years. With the UAE hosting over 4.5 million - strong Indian community, the visit will also be an opportunity to discuss their welfare.

For the second leg of his visit, at the invitation of the Prime Minister of the Netherlands, H.E. Mr. Rob Jetten, Prime Minister Modi will pay an official visit to the Netherlands from May 15-17, 2026. This will be Prime Minister’s second visit to the Netherlands after his previous visit in 2017. During the visit, Prime Minister will call on Their Majesties King Willem-Alexander and Queen Máxima, and hold talks with Prime Minister Rob Jetten. Prime Minister’s visit will build on the momentum of high-level engagements and close cooperation spanning diverse sectors, including defence, security, innovation, green hydrogen, semiconductors and a Strategic Partnership on Water. Prime Minister’s visit early in the tenure of the new Government will provide an opportunity to further deepen and expand the multifaceted partnership. Netherlands is one of India's largest trade destinations in Europe, with bilateral trade worth USD 27.8 billion (2024-25); and India's 4th largest investor with cumulative FDI of USD 55.6 billion.

For the third leg of the visit, at the invitation of the Prime Minister of the Kingdom of Sweden, H.E. Mr. Ulf Kristersson, Prime Minister will travel on 17-18 May 2026 to Gothenburg, Sweden. Prime Minister had earlier visited Sweden in 2018 for the first-ever India-Nordic Summit. PM Modi will hold bilateral talks with PM Kristersson to review the entire gamut of bilateral relations and explore new avenues of cooperation to enhance bilateral trade, which has reached USD 7.75 billion (2025), and Swedish FDI into India which has reached USD 2.825 billion (2000 – 2025), as well as collaboration in green transition, AI, emerging technologies, startups, resilient supply chains, defence, space, climate action and people-to-people ties. The two Prime Ministers will also address the European Round Table for Industry, a leading pan-European business leaders forum, along with H.E. Ms. Ursula von der Leyen, President of the European Commission.

In the fourth leg of his visit, Prime Minister will pay an official visit to Norway from 18 - 19 May 2026 for the 3rd India-Nordic Summit and bilateral engagements. This will be the first visit of Prime Minister Modi to Norway, and will mark the first Prime Ministerial visit from India to Norway in 43 years. Prime Minister will call on with Their Majesties King Harald V and Queen Sonja, and hold bilateral talks with Prime Minister H.E. Mr. Jonas Gahr Støre. Prime Minister will also address the India-Norway Business and Research Summit along with the Norwegian Prime Minister. The visit will provide an opportunity to review the progress made in India-Norway relations and explore avenues to further strengthen them, with a focus on trade and investment, capitalizing on the India – EFTA Trade and Economic Partnership Agreement, as well as on clean & green tech and blue economy. The visit will also be an opportunity to induce momentum in bilateral trade worth around USD 2.73 billion (2024), and investments by Norway’s Government Pension Fund (GPFG) of close to USD 28 billion in the Indian capital market.

The 3rd India-Nordic Summit will take place in Oslo on 19 May 2026. Prime Minister Shri Narendra Modi will be joined by the Prime Minister of Norway, H.E. Mr. Jonas Gahr Støre; Prime Minister of Denmark, H.E. Ms. Mette Frederiksen; Prime Minister of Finland, H.E. Mr. Petteri Orpo; Prime Minister of Iceland, Ms. Kristrún Frostadóttir; and Prime Minister of Sweden, Mr. Ulf Kristersson for the Summit. The Summit will build upon the two previous Summits held in Stockholm in April 2018 and in Copenhagen in May 2022, and will impart a more strategic dimension to India’s relationship with the Nordic countries, especially in technology and innovation; green transition and renewable energy; sustainability; blue economy; defence; space and the Arctic. The visit will also provide an impetus to India’s bilateral trade (USD 19 billion in 2024) and investment ties with Nordic countries as well as help build resilient supply chains following the India-EU FTA and India-EFTA TEPA.

In the final leg of his visit, at the invitation of Prime Minister of the Italian Republic, H.E. Ms. Giorgia Meloni, Prime Minister will undertake an official visit to Italy from 19–20 May 2026. Prime Minister had last visited Italy in June 2024 for the G7 Summit. During the visit, he will call on the President of the Italian Republic, H.E. Mr. Sergio Mattarella and hold talks with Prime Minister Meloni. The visit takes place in the backdrop of a strong momentum in bilateral ties with both sides proactively implementing the Joint Strategic Action Plan 2025-2029, a comprehensive road map for cooperation in various sectors including in bilateral trade which reached USD 16.77 in 2025; boosting investment, which has recorded a cumulative FDI of USD 3.66 billion (April 2000-September 2025); defence and security; clean energy; innovation; science and technology; and people - to - people ties.

Prime Minister’s upcoming visit will further deepen India’s partnership with Europe across sectors, particularly trade and investment ties in light of the recently concluded India-EU FTA.