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Film Production In India
Union Minister for Information and Broadcasting Anurag Thakur on Monday announced enhancing incentive for production of foreign movies in the country, hiking the limit for reimbursement of expenses incurred in the country as he inaugurated the 54th International Film Festival of India (IFFI) in Goa. The move was aimed at attracting medium and big budget international film projects to India, he said while addressing a star-studded gathering after opening the 54th edition of IFFI at Dr Shyama Prasad Mukherjee Indoor Stadium near here. The paradigm shift in incentivizing film production serves as a testimony to India's commitment and support for artistic expression and reinforces its position as a preferred destination for cinematic endeavours, Thakur said. The minister said last year at the Cannes Film Festival, the central government introduced an incentive scheme for production of foreign films in India, offering reimbursement of up to 30 per cent of their expenses incurred in the .
India is mulling increasing the incentives offered to international production houses for filming in the country and also grant one-off perks for big-ticket films. Last year, the government unveiled an Incentive Scheme for Audio Visual Co-production where the Indian co-producer can claim a cash reimbursement of up to 30 per cent on qualifying expenditure in India, subject to a maximum of Rs 2 crore. Information and Broadcasting Secretary Apurva Chandra on Tuesday said the government is considering increasing the quantum of incentives as it realised that other countries are offering more attractive perks for filming. "We will reveal the quantum of increase shortly, the proposal is under consultation within the government," Chandra said at the 4th Global AVGC and Immersive Media Summit here. He said the government received six-seven applications from producers to film in the country under the incentive schemes but expressed displeasure that the initiative was not known to those in th
Rajya Sabha on Thursday passed the Cinematograph (Amendment) Bill which has provisions for up to three-year jail term and a fine of up to five per cent of the production cost of a film for persons making pirated copies of movies. The bill also has provisions to introduce three age-based certifications under the 'UA' category, namely 'UA 7+', 'UA 13+' and 'UA 16+', and to empower the Central Board of Film Certification (CBFC) to sanction a film with a separate certificate for its exhibition on television or other media. "The film industry is facing a loss of Rs 20,000 crore annually because of piracy," Union Information and Broadcasting Minister Anurag Thakur said, responding to a brief debate on the bill in Rajya Sabha. The opposition staged a walkout over its demand for a discussion on the situation in ethnic strife-torn Manipur when the bill was taken up for discussion. Thakur said, "The bill has been brought to stop the loss of Rs 20,000 crore which occurs due to piracy. The ...