The film, set in a remote Bengal village, is rated as one of the best 100 films ever made anywhere in the world.
"On this day 60 years ago 'Pather Panchali' was released. The first film by Satyajit Ray. Bengali cinema today has great examples to follow," West Bengal Chief Minister Mamata Banerjee tweeted.
On this day in August 1955, a few months after its world premiere in May 1955 at New York's Museum of Modern Art, the film had its domestic release.
A rare documentary on the life of the legendary director, who was also awarded an Oscars Lifetime achievement award, would also be screened.
Based on Bibhutibhushan Bandyopadhyay's 1929 Bengali novel of the same name and produced by West Bengal government, the film is the first part of the famed Apu trilogy.