Monday, January 7, 2008

Growing animation industry opens up new opportunities

The Indian animation industry is rapidly growing as a major outsourcing hub with a growth rate of 30 per cent, according to a recent study.

Joining the bandwagon, the northern region has taken the lead by having one of the fastest growing companies in southern Asia, Compact Disc India Ltd (CDIL), an integrated media and entertainment company.

Further, the region has also attracted animation training institutes to cash in on the burgeoning demand of animators.

Speaking to Business Standard, CDIL Managing Director Gautam Seengal said: “According to Nasscom, the Indian animation industry, which is now pegged at $550 million, is expected to grow over 30 per cent annually in the next couple of years and reach a level of $15 billion by 2008. India has the world’s largest entertainment industry, a robust software industry and also skilled manpower, all essential ingredients for the growth of the animation industry.”

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