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MUMBAI: The Central Government has taken the following initiatives
for facilitating the growth of film sector, as announced by
the minister of Information & Broadcasting and Parliamentary
Affairs, P R Dasmunsi in Lok Sabha today.
The initiatives include:
- Institutional financing is now available to the film industry.
- 100 per cent foreign direct investment is permitted in
the film sector.
- Government has encouraged participation in global markets
with a view to enhancing the visibility of the film industry
abroad.
- Film weeks and festivals are held on reciprocal basis with
various countries.
- Audiovisual co-production agreement has been signed with
the Republic of Italy and Government of UK and similar proposals
from other countries are being explored to expand avenues
of finances and markets for the Indian film industry.
- The recommendations of the Committee for the Development
of entertainment sector have been conveyed to all the State
Governments.
- The National Film Development Corporation, a public sector
unit under this Ministry provides financial assistance and
other services to the film industry.
The endeavor is to facilitate the entertainment sector to
achieve its potential and promote growth in exports, so that
this sector is able to increase its contribution towards generating
income and employment in the country, informs an official
press statement.
The Federation of Indian Chambers of Commerce and Industry
(FICCI) has also submitted a memorandum on film industry for
the 11th Five Year Plan. The memorandum deals with various
issues relating to the film sector. It contains suggestions
to mitigate video piracy, levy of uniform entertainment tax
across all States, fiscal and tax benefits, review of the
Cinematograph Act, incentives for setting up polytechnics,
institutes and film schools and an Export Promotion Council
for films.
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