Qatar World Cup 2022FIFA World Cup points table after Spain vs Germany: Sergio Busquets’ side stays atop Group E despite Germany draw

Govt mulling to broaden PLI scheme to attract gaming device makers: Meity official

According to an IAMAI-Redseer report released at the virtual meeting, mobile gaming dominates the Indian gaming sector, contributing more than 90% to the USD 1.6 billion gaming market at present.

October 06, 2021 04:49 pm | Updated 05:22 pm IST

Venture capitalists and private equity investors have invested USD 1 billion in the last six months

Venture capitalists and private equity investors have invested USD 1 billion in the last six months

The government is looking to widen the production-linked incentive scheme and provide other possible incentives to attract gaming device manufacturers, a senior IT and electronics ministry official said Tuesday.

(Sign up to our Technology newsletter, Today's Cache, for insights on emerging themes at the intersection of technology, business and policy. Click here to subscribe for free.)

Ministry of Electronics and IT joint secretary Saurabh Gaur in an online IAMAI roundtable discussion said steps are also being taken with the support of the information and broadcasting ministry and culture ministry to promote the gaming ecosystem in the country.

"Gaming consoles are very popular elsewhere. Tablets and laptops are other sources. We will see the emergence of gaming consoles. We would want to promote manufacturing of these consoles in India also through incentives schemes and also through certain other specific measures - especially tariff or non-tariff," he said.

According to an IAMAI-Redseer report released at the virtual meeting, mobile gaming dominates the Indian gaming sector, contributing more than 90% to the USD 1.6 billion gaming market at present and is expected to further grow to generate USD 3.9 billion value by 2025.

Venture capitalists and private equity investors have recognised the Indian gaming market and have invested USD 1 billion in the last six months.

The report through various data sources estimates that there are around 400 million gamers in India of which 230 million are estimated to be hardcore gamers.

Gaur said gaming device manufacturing fits well within the electronics manufacturing ecosystem and Indian can meet the global needs with the complete ecosystem developing in the country.

"Lot of gaming is going to be immersive in nature. AR/VR content is going to increase. A lot of innovation is happening in that system. We are keen to promote them under various schemes such as PLI. We are coming up with a broader scheme to support them with incentives," Gaur said. The Ministry of Electronics and IT was the first to come up with a production linked incentive (PLI) scheme for mobile phone manufacturing that saw Apple's vendor Foxconn and Wistron, Samsung, Lava etc ramping up their production.

Also Read | Explained | Will the production-linked incentive scheme for auto sector help the electric vehicle segment?

Gaur said Indian gaming companies have grown in size and volumes.

"We would like to see games getting developed for the Indian audience, something that promotes our culture," he said.

Telangana Principal Secretary for IT Jayesh Ranjan said that recreation will continue to drive gaming, but educational and learning content will be of more value and it can increase social acceptance of gaming.

Top News Today

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.