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Indian Animation Industry to Reach $1bn by 2012

by: Karen Cayamanda

Monday, October 18, 2010 | Outsourcing News |

Animation Industry in India

It is expected that the animation industry of India will see a 22 percent compounded yearly growth rate until 2012, which makes the industry likely to reach $1 billion. In 2008, the industry was estimated at $494 million.

"Globally, the animation industry is poised to touch USD 100 billion by 2012 and India's animation industry is expected to hit USD 1 billion by 2012, aided by increased outsourcing and a growing domestic market," Ram Kumar Worrier, head of the Maya Academy of Advanced Cinematics (MAAC) Business, said.

Meanwhile, Ketan Mehta, founder of the MAAC, said technical expertise, telecommunications infrastructure, as well as the pool of English-speaking animators and graphic designers are the factors that make India ideal for animation work. He added that when it comes to animation, the country is heading in the right direction.





Monday, October 18, 2010

The Philippines animation industry is making great strides in securing and stabilizing itself as a global player. Local companies like Versagrfx and HPI are working with the Animation Council of the Philippines and Cebu Educational Development Foundation for Information Technology to hone regional talents and strengthen the investment-drawer creative industry.

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