South Korean gaming powerhouse KRAFTON has obtained full approval from the Centre to operate its popular battle royale game, Battlegrounds Mobile India (BGMI), within India. This crucial nod signifies a significant milestone for the company.
Approval After Rigorous Audit
The green light from the government came after KRAFTON successfully navigated a rigorous three-month-long audit process, according to sources cited by Moneycontrol. This marks the culmination of extensive efforts to address regulatory concerns.
Ongoing Assessments Required
To maintain this hard-won approval, BGMI will undergo quarterly assessments. This requirement ensures that KRAFTON continues to adhere to the stipulated guidelines and regulations.
Relief for BGMI Amid Regulatory Challenges
BGMI has faced a slew of regulatory issues in India, making this development a welcome relief for KRAFTON. As one of the top-grossing games in the country, BGMI’s operations had been in a state of uncertainty due to these challenges.
Significant Market Potential
India’s burgeoning gaming market has attracted global gaming giants. With increased internet and smartphone penetration, Indian gamers spend an average of 8.5 hours per week on mobile games. BGMI’s success and the re-entry of Garena’s Free Fire indicate the immense potential for online gaming in India. This market is projected to reach a substantial size of $8.6 billion by FY27, driven by the growing adoption of online gaming.
KRAFTON’s approval to operate BGMI in India after a rigorous audit process is a noteworthy development in the gaming industry. It not only signifies a victory for the company but also underscores the tremendous potential of the Indian gaming market. As the gaming landscape continues to evolve in India, global companies are strategically positioning themselves to capitalize on this lucrative opportunity, making the future of gaming in India a promising one.
