What is the Indian Institute of Creative Technology (IICT)?

IICT is a new initiative by the Indian government to establish centers across the country for creators to hone their skills and learn technology for creative production.

How much did the Film Bazaar deals increase this year?

The Film Bazaar generated Rs 1,050 crore in deals this year, a significant increase from Rs 400 crore in the previous year.

What is the role of NFDC in the new IICT?

The National Film Development Corporation (NFDC) has set up the first operational campus of the Indian Institute of Creative Technology (IICT) in Mumbai.

Home / Arts and Entertainment / India's Creative Future: New Tech Institutes Launch

India's Creative Future: New Tech Institutes Launch

28 Nov

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Summary

New Indian Institute of Creative Technology (IICT) to open nationwide.
Mumbai's NFDC campus is the first operational IICT center.
Film Bazaar deals surged to Rs 1,050 crore, up from Rs 400 crore.

The Indian government has announced plans to establish the Indian Institute of Creative Technology (IICT) across multiple locations nationwide, with the initial center now functional in Mumbai under the National Film Development Corporation (NFDC). This initiative is designed to cultivate a thriving creative economy by enhancing creators' skills in technology integral to modern production.

Secretary Sanjay Jaju highlighted that the IICT will operate on a hub-and-spoke model to benefit creators across the country. He also addressed the growing influence of artificial intelligence in entertainment, urging the industry to adopt it cautiously. The Minister of State for Parliamentary Affairs, L Murugan, emphasized IICT's role in driving innovation at the nexus of creativity and technology.

Furthermore, the article notes the commercial success of the International Film Festival of India's (Iffi) industry programs. The Waves Film Bazaar facilitated deals worth Rs 1,050 crore, a substantial rise from Rs 400 crore last year. Additionally, Iffi highlighted its commitment to women in cinema, with 50 films directed by women screened for the first time.