CURRENT AFFAIRS

Detailed explanation-1: -The correct answer is IIT Bombay. The Union government has decided to set up a National Centre of Excellence for Animation, Visual Effects, Gaming and Comics for creating a world-class talent pool in India to cater to the Indian as well as global industry.

Detailed explanation-2: -Karnataka has set up Asia’s biggest Center of Excellence (CoE) for Animation, Visual Effects, Gaming, and Comics (AVGC) at Whitefield in Bengaluru at a cost of ₹40 crore. The CoE was inaugurated on February 3. Minister for Electronics, IT, BT and Higher Education C.N.

Detailed explanation-3: -With the momentum that the Animation, Visual Effects, Gaming and Comics (AVGC) industry has gained in the current times, it has become imperative to develop a support ecosystem for the industry at large and support its growth in India.

Detailed explanation-4: -India’s animation and VFX industry was valued at around 83 billion Indian rupees in 2021, despite the lapse in market value in the previous year owed to the pandemic’s adverse effects. Estimates for 2024 indicate a growth rate of 29 percent with the industry’s value amounting to180 billion Indian rupees.