Date:29/12/2005 URL: http://www.thehindubusinessline.com/2005/12/29/stories/2005122901760400.htm

Back Nasscom to host animation event

Our Bureau

Hyderabad , Dec. 28

THE National Association of Software and Services Companies (NASSCOM), which is hosting the `NASSCOM Animation India 2006' meet here on January 12 and 13, is set to release a study on the animation and gaming industry in the country.

The two-day event, hosted in partnership with the Andhra Pradesh Government, has been specifically structured to address the emerging global opportunities and the strategies for the animation and gaming industry in India.

With global entertainment majors such as Walt Disney, Imax, Warner Brothers and Sony signing up contracts with Indian animation companies, India is fast emerging as an alternative to Korea, Philippine and Taipei for animation outsourcing and is being recognised as a post-production hub for animation.

As per estimates, the animation industry in India is currently growing at a compounded annual rate of 30 per cent. With the growth of the entertainment and the mobile industry, the gaming industry is set witness to boom. The gaming industry which is worth $10 billion in the US is yet to be tapped by Indian companies.