The state-run Academy, under the Department of Cultural Affairs, has set up a special panel for the purpose and begun collecting data.
Academy Chairman Rajeev Nath said the core objective of the initiative was to chronicle the history of Malayalam cinema through the works of doyens, who had paved way for its growth.
"We have already formed a panel of directors and film enthusiasts to collect data for the project. The work is progressing," Nath told PTI.
"Not only the profiles of directors and actors, but also of script writers, singers, composers, lyricists, cinematographers will be prepared under the project. We are trying to include all areas of film industry in it," he said.
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Nath, a National Award-winning director, said the project would be a great help for future generation to get a clear picture of the growth of Malayalam cinema.
He also said the digitising of the movies of eminent director late G Aravindan is progressing as part of the Academy's programme to digitise old Malayalam classics.