Falling rupee is affecting Bollywood's penchant for shooting in exotic foreign locations with such travels seeing a dip of 30 to 35 per cent in last four months, according to an industry report.
The filmmakers are opting for non-dollar countries and locations within India to curb costs, findings by Associated Chamber of Commerce and Industry of India (ASSOCHAM) reveal.
"There will be more cut down in the number of films shot abroad, especially medium and low budget films and opting for lesser expensive destinations in South East Asia, Middle East and South Africa," said D S Rawat, secretary general, ASSOCHAM while releasing the report "Weak rupee dampen spirits of bollywood filmmakers in foreign location".
The report said that for filmmakers, the costs turns out to be much higher in countries like US, UK, Germany, France, Sweden, Italy, Ireland and Denmark.
"Indian films producers are also reducing the number of days from packages and looking to offset these costs by opting for shorter duration stays and looking at budget accommodation options," added Rawat.
There are changes in travel patterns as majority of filmmakers are opting for destinations like Sri Lanka, Dubai, Bali and Phuket or sticking to local destinations such as Kashmir, Kerala and Goa, the report said.
