HYDERABAD: NASSCOM, in association with Government of Andhra Pradesh, will host 'NASSCOM Animation India 2006' on January 12-13 2006 here.

The two-day event has been structured to address emerging global opportunities and strategies for animation and gaming industry in India.

Chief Minister of Andhra Pradesh, Dr. YS Rajasekhara Reddy, will deliver the inaugural address at the event.

NASSCOM Study on Animation and Gaming Industry in India will also be released during the event, which will cover overview of Animation and Gaming Industry, Outsourcing Trends, Animation and Gaming Services, Competitive Position of India as an Outsourcing Destination, Potential Inhibitors and Suggestions and Company profiles – animation and gaming. With global entertainment majors like Walt Disney, Imax, Warner Brothers and Sony signing up contracts with Indian animation companies, India is fast emerging as an alternative to Korea, Philippine and Taipei for animation outsourcing and is being recognized as a post-production hub for animation.

According to NASSCOM estimates, the animation industry in India is currently growing at a CAGR of 30%. With increase in the backend service work, Indian studios are moving up the value chain; thus witnessing more co-production deals and increase in development of Intellectual Properties in India.

Also, with growth of the entertainment and the mobile industry, the gaming industry too has seen a boom. The gaming industry, which is worth US$ 10 billion in USA, is yet to be seriously tapped by Indian companies. Further, with the wireless domain growing at a furious pace giving fillip to use of a range of new devices, the potential for Indian game developers is enormous.

NASSCOM Animation India 2006, in its third year now is an ideal platform for delegates to get 'real world' information on the animation and gaming industry with sessions like 'How to build world class animation company,' 'How Asia leads the growth in the wireless content,' 'Mobile Gaming,' 'Development strategies in children's entertainment & content,' 'TV Animation-India on the world map' etc.

The event will act as a forum for the industry to share its experiences and various strategies for the way forward for the industry into a brilliant future.