KRAFTON signs MoU with Gujarat government to boost esports and gaming ecosystem

financialexpress.com:

KRAFTON has announced a memorandum of understanding (MoU) with the government of Gujarat and TransStadia Technologies. The collaboration is set to stimulate the technology, gaming, and esports ecosystem in Gujarat, furthering KRAFTON’s efforts to cultivate India’s overall gaming and technology environment.

“By combining Gujarat’s vibrant growth environment and our expertise in game development and esports, we are set to create opportunities for talent development, infrastructure enhancement, and community engagement. We firmly believe that this collaboration will have a profound and positive impact, fostering innovation, and inspiring a new generation of gamers and developers.” Sean Hyunil Sohn, CEO, KRAFTON India, said.

KRAFTON has already invested $160 million in Indian startups since 2021 and plans to invest an additional $150 million over the next 2-3 years. In line with this commitment, KRAFTON launched the KRAFTON India Gaming Incubator program, an initiative designed to nurture game development talent in India by providing funding, mentorship, and resources to promising developers.

The state’s commitment to technological innovation and digital infrastructure makes it an ideal partner for KRAFTON, aiming to propel the local and national gaming scenes to heights. The government of Gujarat expressed enthusiasm for the partnership, emphasising its alignment with the state’s vision for digital and economic growth. “The government of Gujarat will benefit from this collaboration with KRAFTON as it will undoubtedly catalyse our efforts to transform Gujarat into an indigenous and interactive hub for e-sports. We look forward to the positive impact this partnership will have on our youth and the broader e-sports gaming