Last Update: December 27, 2022, 18:13 IST
The revenue of the Indian mobile gaming industry is expected to exceed $1.5 billion in 2022 and reach $5 billion by 2025.
Industry leaders on Tuesday hailed the government’s decision to appoint the IT Ministry as the nodal agency for matters related to online gaming.
Industry leaders on Tuesday hailed the government’s decision to appoint the IT Ministry as the nodal agency for matters related to online gaming.
In a notification, the Center said that matters related to online gaming will now be handled by the Ministry of Electronics and Information Technology. technology (MeitY).
An inter-ministerial task force set up by MeitY to regulate online gaming had in October proposed the creation of a central regulatory body for the sector, clearly defining games of skill and chance.
Roland Landers, CEO, All said, “Uniform central regulation for online skill gaming has been a long-standing demand of the industry and it is hoped that this move will create a progressive regulatory framework based on consumer welfare.” India Gaming Federation (AIGF).
Joy Bhattacharya, Director General, Federation of Indian Fantasy Play (FIFS) said that the appointment of MeitY as the central regulatory authority would provide clarity and certainty to investors, industry and consumers.
“The decision is in line with the government’s initiative to make India a global hub for online gaming, promote the development of Animation, Visual Effects, Gaming and Comic (AVGC) sector.
“We are confident that the online gaming industry will grow responsibly under the guidance of MeitY and look forward to working with MeitY in creating a balanced regulatory framework for the industry,” Bhattacharya said.
The industry also welcomed the Centre’s move to regulate multi-sport events as part of the Ministry of Youth Affairs and Sports (MYAS).
“This will ultimately lead to recognition of the India Esports Federation, better rules and procedures for selecting India’s teams for international events such as the Asian Games, and better opportunities and facilities for our eSports players, among others,” Landers said. ,
The revenue of the Indian mobile gaming industry is expected to exceed $1.5 billion in 2022 and reach $5 billion by 2025.
Earlier this month, Union Minister of State for Electronics and IT Rajeev Chandrasekhar said in a written reply to a question in the Rajya Sabha that rules governing online gaming are in place.
“These regulations impose specific obligations on intermediaries, including intermediaries offering online games, to observe due diligence and provide that if they fail to comply with such due diligence, they The third party shall not be exempted from its liability under law for information or data or communication links hosted by them,” the reply had said.
Meanwhile, Tamil Nadu Governor RN Ravi this month did not give assent to the Tamil Nadu’s Prohibition of Online Gaming and Regulation of Online Games Bill, 2022.
The contentious gaming bill has remained silent on how to control the menace of foreign betting and gambling operators while seeking to ban legitimate Indian gaming platforms, according to industry sources.
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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)