MUMBAI: Even as Christmas was being celebrated in India and around the world, a new company was created in India. Called the Indian Institute of Creative Technologies (IICT) it was incorporated on 25 Deecmber 2024.

It has been set up as a section 8 company under the Companies Act. What this section allows is the facility for the company to be converted  into  a company of other class under this Act by alteration  of memorandum and articles in accordance.

The IICT  is slated to  set up a centre of excellence for the AVGCXR segments. It is being patterned along the lines of the Indian Institutes of Technologies but focused on higher education relating to animation, comics, VFX, gaming, XR and generative AI related to video and the visual arts.

The IICT has the NFDC’s Mumbai address as its mailing address as it is being set up under its umbrella.

The Narendra Modi-led government is putting a lot of emphasis on promoting the Indian AVGCXR sector globally and sees it as a major contributor to employment and revenue generation from the domestic market, as well as through exports and co-productions.

The IICT is one of the means to hone world class talent just like the IITs produce the best engineers. It is planned to develop under a public-private partnership going forward.