NewzVille Entertainment Desk
Recognizing the importance of fostering the growth and development of Content Creation in the country and envisioning India to become one of the top global players in the field of Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) sector Ministry of Information & Broadcasting (MI&B) to establish Indian Institute of Creative Technology (IICT) in Mumbai.
On 11 April 2025 MI&B signed a a Memorandum of Understanding (MoU) with the Government of Maharashtra, Maharashtra Film, Stage & Cultural Development Corporation Ltd. (MFSCDCL).
The MoU was signed between Chief Secretary of Government of Maharashtra Sujata Saunik and Secretary, Information and Broadcasting Sanjay Jaju and was exchanged in the presence of the Chief Minister of Maharashtra Devendra Fadnavis and Union Minister for Information and Broadcasting Ashwini Vaishnaw.
IICT will be located at the Dadasaheb Phalke Film City, Goregaon, and shall serve as a centre of excellence for education, research, innovation, and skill development in the AVGC-XR domain.
The Government of India has already provided an initial one-time budgetary grant of ₹391.15 crore for infrastructure development and initial operations. The IICT shall operate in a self-sustaining mode thereafter. The institute shall also benefit from a 10-acre land parcel leased by MFSCDCL for 30 years at Dadasaheb Phalke Film City, symbolizing a significant step forward in building a digital media and creative technology ecosystem.
IICT will be a world-class premium institute for the media and entertainment sector similar to the IITs and IIMs for technology and management. A temporary campus of IICT is being set up at the NFDC premises in Mumbai and will start operation soon.
By producing a consistent flow of highly skilled content creators, the IICT will firmly establish India’s standing as a leading global centre for the creative economy
The MoU marks a significant milestone under the Government’s efforts to boost the digital economy, empower creative professionals, and generate high-value employment in emerging sectors.
