Mumbai, Sep 16 The Maharashtra Cabinet, chaired by Chief Minister Devendra Fadnavis, on Tuesday approved Maharashtra Animation, Visual Effects, Gaming, Comics and Extended Reality Policy 2025 with an expenditure plan of Rs 3,268 crore. The policy proposes a slew of incentives and simplification of procedures for speedy clearances.
The cabinet’s decision comes when CM Fadnavis, at the recent WAVES summit, said the entertainment economy is the new engine of development for the state and the country. “With a 500-acre film city now being revamped into a next-generation global studio ecosystem, and a 120-acre media and entertainment city focused on animation, visual effects, and gaming, we will deliver on both these objectives with tangible results in the next few months,” he added.
The CM further noted that the entertainment economy is the new development engine for Maharashtra and India. “Our state is shaping the future of global storytelling. The state government is committed to nurturing this transformation. We create enabling policies to attract global partnerships,” he said.