Titled 'The Theatre of E Alkazi', the show at Jawahar Kala Kendra, has been curated by Alkazi's daughter Amal Allana, who is also a theatre artiste.
Running parallel to the Independence Movement and the birth of Indian modernism in theatre, Alkazi's vision and ideas has been chronicled through rare photographs, objects, archival documents and models of stage sets.
Inaugurated by eminent theatre director Mohan Maharishi, the show opened with a solo play titled "Jeevit Ya Mrit" by Seema Biswas.
Alkazi is also credited with the introduction of revolutionary ideas in theatre through scenic design and lighting.
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"He evolved new training methodologies for student actors, directors and stage designers and spoke of a new ethics and philosophy in theatre," organisers said.
"My greatest challenge in designing an exhibition on a great legend like Alkazi, was to be able to live upto the high standard of what Alkazi stood for, and to be able to communicate that greatness in a manner befitting Alkazi," famous scenographer and light designer Nissar Allana, said.