Krafton India called on the Indian government to come up with measures to support the growth of the online gaming industry in the country. The company is known for its popular mobile games BGMI, and now Road to Valor: Empires and Defense Derby.
Addressing a CII event on digital gaming, Krafton India CEO Sean Hyunil Sohn shared how some countries around the world like the UAE and Canada are promoting online gaming through subsidies for labour costs and other innovative techniques.
“We all know that India needs more tax revenue to develop the country, but at the same time, I hope that the Indian government can find creative ways to promote the industry,” Sohn said as quoted by Hindustan Times.
He further noted that while other countries have moved from console and PC to mobile gaming, India has always been mobile-centric. The total number of gamers is reported to be around 500 million, but Sohn believes that actual (casual) gamers are around 100 million.
Since the country is mobile-centric due to affordable mobile devices and low-cost internet, Sohn believes the growth will be very fast in the upcoming years. While the mobile gaming market is dominated by a few titles like BGMI, he feels that diversifying the industry will help more players to grow.
Krafton recently invested in NODWIN gaming, an esports subsidiary of Nazara Technologies. Sohn said that 90% of NODWIN’s revenue comes from mobile eSports gaming events.
Meanwhile, the national head of SONY India’s PlayStation Division, Prosenjit Ghosh also stated that gaming is almost at par with other established entertainment pillars in India, like cricket and cinema.
It is already known worldwide that the gaming industry is also creating double the amount of revenue compared to movie and music industries combined. It is just a matter of time that the case becomes similar in India.