India, June 10 -- Seeking to turn Maharashtra into a major hub for gaming, animation and immersive technologies, the state government has announced a 100% stamp duty exemption for new AVGC-XR (Animation, Visual Effects, Gaming, Comics, and Extended Reality) companies and expansion projects, a move expected to attract investments and create thousands of high-skilled jobs.

The exemption, notified by the revenue department on May 29, covers enterprises engaged in animation, visual effects, gaming, comics and extended reality. It will remain in force for five years from November 3, 2025 or until the policy is withdrawn.

The move is aligned with the state's AVGC-XR Policy 2025, under which the sector has been granted "Industry and Infrastruc...