Union Minister Ashwini Vaishnaw announced the establishment of the Indian Institute of Creative Technology (IICT) in Mumbai during the WAVES 2025 summit. Backed by a ₹400 crore allocation from Prime Minister Narendra Modi and land from the Maharashtra government, the institute aims to boost India’s creative economy, focusing on animation, VFX, gaming, comics, and extended reality (AVGC-XR).
Modeled on IITs and IIMs, IICT will be developed in two phases: the first at Peddar Road, and the second on a 10-acre campus in Film City, Goregaon. Global tech leaders like NVIDIA, Google, Apple, Microsoft, Star India, Meta, and Adobe are collaborating on the project.
IICT will serve as a national hub for education, innovation, R&D, incubation, and policy in the creative sector, with future regional centers planned. Vaishnaw highlighted that the institute and summit will further solidify Mumbai’s global leadership in the creative industries.
