<h1>India to Establish First Institute for Animation, Visual Effects, and Gaming with Rs 391.15 Crore Investment</h1> India's first dedicated institute for animation, visual effects, and gaming, the Indian Institute of Creative Technologies (IICT), will be established in Mumbai. The government has approved Rs 391.15 crore for this National Centre of Excellence, akin to IITs but focused on the AVGC-XR sector. The IICT will be located in Dadasaheb Phalke Chitranagari (Film City) and aims to drive innovation in creative technology. It is incorporated as a Section 8 Company with industry bodies holding a majority share. The institute will focus on education, skilling, and creating Indian intellectual property, with plans for future regional centers.