IT Minister KT Rama Rao on Tuesday announced that the Innovation in Multimedia, Animation, Gaming and Entertainment (IMAGE) tower, taken up by the Telangana State, will be ready for inauguration in the first quarter of 2023. 

Speaking at the inaugural of IndiaJoy, an animation, visual effects and gaming industry event at HICC Tuesday, the Minister said the project, once operational will be a new signature landmark for the new media segments.

The construction works on the IMAGE tower was delayed due to the Covid pandemic but the State pulled back the

pace and the project will be ready for launch in the first quarter of 2023, he said adding that the government will work with the industry to create more infrastructure to support future growth.

The animation sector will grow on the back of an active increase in the number of internet users, which is projected to touch about 90 crore by 2025. The sector has been growing at more than nine per cent and is expected to reach Rs 3 lakh crore ($44 billion) in value by 2024 with a compounded annual growth of 13.5 per cent, the Minister said.

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