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Indian animation industry will grow to $1.7 billion
Published on 11 Oct. 2010 11:32 PM IST
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: The Indian animation industry will grow at a compounded annual rate of 30 percent to reach a market size of $1.7 billion by 2012 and add over three lakh skilled animators, an industry lobby said Monday. With over 1.5 lakh skilled animators, it is currently a $1 billion industry.
According to a study conducted by the Associated Chambers of Commerce and Industry, the domestic animation industry will undertake all its production activities within India instead of spending its funds in US, Canada, Malaysia and the Phillippines for making advanced animated movies.
It showed India would need skilled professionals like creative animators, conceptualiser, visualiser, 3D modellers, character designer and digital effect artists to handle multimedia softwares like 3D studio Max, Maya and Tictactoon.
The study urged the government to help the industry by giving them adequate funding, guidance on manpower development and recognition of the animation courses.
According to Assocham, the industry in foreign countries are growing at a high rate because of the special policies and initiaves of the governments. By recognizing animation courses, students and youths will conveniently get the bank loans which is missing at present, it added.

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