Hyderabad-based DQ Entertainment Ltd (DQE) India, one of the largest animation production houses in the country in terms of number of employees, is planning to set up a 3D animation studio in Kolkata to tap the talent base in West Bengal.
With more than 3000 professionals on its pay roll, DQE, in the next one year, is expected to recruit around 700-800 fresh animators coming out of various animation training centres in Bengal, government sources said.
DQE works in the areas of 2D, 3D and flash animation production in the entertainment segment that has a market size of around Rs 900 crore. The company also has presence in console gaming.
This will be the first 3G animation studio not only in Bengal but also in the eastern region. DQE here is expected to work on 3G animation projects in joint collaboration with foreign animation production houses. It will also do jobs outsourced by companies like Disney, Universal, Nickelodeon and Sony.
DQE has asked for 10 acres at a suitable location in Kolkata from the state government to build a workspace of one million sqft, government sources said.
The vice-president of DQE, Sumedha Sarogi, said: "We have expressed our desire to set up a studio in the city. We are discussing it with the state government. I can't say anything beyond this."
The decision comes at a time when DQE got listed on the London Stock Exchange last Tuesday and the company's stock closed at 140 pence on Thursday. Sarogi did not disclose the last year's revenue.
According to a senior state government official, as a large number of young animators working with DQ Entertainment are from Kolkata's Webel Animation Academy, the company has taken the decision to have a studio in the city.
"Out of 500 students we have placed in various animation companies, nearly 250 work with DQE," the official said.