Union Minister of Information and Broadcasting Ashwini Vaishnaw on Thursday announced the launch of the Indian Institute of Creative Technology (IICT) in Mumbai to give a boost to the creative economy and the country’s entertainment and digital media industries.
While addressing the World Audio Visual & Entertainment Summit (WAVES-2025) in , Vaishnaw said Prime Minister has allocated Rs 400 crore for setting up IICT, while the land for the project has been provided by the Maharashtra government.
“Global tech giants such as NVIDIA, , , , Star India, Meta, and Adobe are collaborating to make IICT a world-class institution. WAVES and IICT will further strengthen Mumbai’s role as a key centre in the global creative ecosystem,” said Vaishnaw at the JIO World Centre in Mumbai.
Modelled along the lines of the prestigious IIT and IIM institutes, the IICT is being developed by the Ministry of Information and Broadcasting in collaboration with Federation of Indian Chambers of Commerce & Industry (FICCI) and Confederation of Indian Industry (CII) as a national centre of excellence.
The institute, which is to be established in two phases, will have its first phase at Peddar Road. It is slated to be developed as a national hub imparting education in the fields of animation, visual effects, gaming, comics, and extended reality (AVGC-XR) sector. It will have state-of-the-art facilities ranging from virtual production setups, immersive studios, animation labs, gaming labs, edit and sound suites, to multiple smart classrooms.
The second phase of the project will be developed over a 10-acre campus inside Film City in Goregaon. Seeking to boost the reach of the institute as well as decentralise access for students, the government has also drawn plans to develop regional centres across India in a later phase of the project.
The IICT will focus on training incubation, innovation, research and development as well as policy development, aimed at creating innumerable opportunities for budding creators and entrepreneurs.
The four-day WAVES-2025, aimed at showcasing India’s creative industry, was inaugurated by Prime Minister Narendra Modi at JIO World Centre in Mumbai on Thursday. Over 100 leading exhibitors — including Netflix, Amazon, Google, Meta, , Reliance, Adobe, , Balaji Telefilms, Dharma Productions, Saregama, and Yash Raj Films — along with next-generation innovators such as JetSynthesys, Digital Radio Mondiale (DRM), Free Stream Technologies, Neural Garage, and Fractal Picture — are taking part in the summit.
