Moneycontrol

Budget's AVGC labs proposal a 'landmark step', will expand creative talent pool, top executives say

In Budget 2026, FM Nirmala Sitharaman proposed to support IICT in setting up AVGC Content Creator labs with an outlay of Rs 250 crore

February 01, 2026 / 17:30 IST
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Snapshot AI
  • Government to set up AVGC Content Creator Labs in 15,000 schools and 500 colleges across India
  • Rs 250 crore allocated to set up these labs
  • Industry leaders: Move will boost India's creative economy and global competitiveness.

The government’s plan to set up animation, visual effects, gaming and comics (AVGC) Content Creator Labs in 15,000 schools and 500 colleges is a landmark step towards formalising India’s creator economy and expanding its creative talent pool, top industry executives have said.

In her Budget speech on February 1, finance minister Nirmala Sitharaman highlighted the scale of the opportunity, noting that the sector is projected to require 2 million professionals by 2030.

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Sitharaman proposed to support Indian institute of Creative Technologies (IICT) in Mumbai in setting up these labs with an outlay of Rs 250 crore in Budget 2026-27.

'Will build grassroots talent'