Tax breaks and other sops should be extended by the government to the entertainment industry to make it globally competitive, according to the Ficci entertainment committee.
The current tax structure is not in favour of the industry and the government should set up a committee to review the current excise duty and the entertainment tax structure, Yash Chopra, chairman FICCI entertainment committee, said today while tabling a 10-point agenda of the convention at Frames 2003, the global convention on the business of entertainment.
He said the Union Budget has hardly touched the entertainment industry and, hence, there is a need to educate the policy makers about the potential of the sector.