[icernet] Indian animation gets global recognition, funds

[Arul Selvan]

It's possible that great American animation movies like "Shrek" and 
"Nemo" could be made in India in the future as the country is focusing 
on strengthening its multimedia services. The government is encouraging 
this $500 million industry in India and so are other donors and 
investors who see the potential of such American movie hits being made 
at lower costs in developing countries like India. The global multimedia 
industry is expected to grow at 30 per cent annually for the next few 
years and as large production houses are seeking alternative locations 
to traditional production centres to reduce rising labour and technical 
costs, India presents an opportunity. Several animation schools have 
been founded throughout the country and New Delhi has spurred this 
through investments. The animation industry, which requires highly 
skilled and creative professionals, is increasingly outsourcing to 
developing countries, according to the World Bank and the IFC.


Source:
http://www.hindustantimes.com/news/181_270765,0003.htm