Square Enix is shutting down its Mumbai-based Indian studio just one year after it was established, reports MCV India.
The studio housed just six developers, who since this week have been laid off. The studio was established in March 2013 with the initial plan to focus on the ever growing mobile games market of India. The studio though did not release any games in its one year tenure.
According to MCV India, the studio had been working with several Indian developers on a handful of projects. However, none of them gained the final approval from Square Enix’s Japanese headquarters. With a year wasted, Square Enix ultimately had to push the red btuton.
Former vice president of Square Enix India Atul Vibhandik did not offer to comment on the closure. Additionally, there are rumors that Square Enix’s similar studio endeavor in Latin America may also face the music.
Back in May 2012, the company’s former head of emerging markets division Yasuhiro Fukushima said that Square Enix’s involvement in India would be a long term investment.
“We all know that India is going to be the next big market for games, but no one knows when that push will come,” he said. “Smartphone and tablet sales are very strong in India, and it is the fastest growing platform for games around the world. So we want to work closely with Indian developers to make sure that when that big push does happen, there are quality Indian games available to audiences both in India and abroad.”
Source MCV India