Filmmakers have a reason to smile as this year’s Budget has extended the single-window clearance provision to Indian producers as well.
“To promote the entertainment industry, single window clearance for ease of shooting films, available only to foreigners, is now going to be made available to Indian filmmakers as well. Regulatory provisions will rely more on self-declaration,” interim finance minister Piyush Goyal said while delivering the 2019-20 Budget on Friday.
This means that the pre-production period for making films will reduce since the time spent on seeking permissions will come down.
Utkarsh Sanghvi, partner, indirect tax, media and entertainment, EY