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Govt. taskforce to chalk out Entertainment sector’s Venture Capital funding plans on 13 Dec
NEW DELHI: The much-touted high-powered committee set up by the government, under the chairmanship of Planning Commission member N K Singh, to look into ways of inducing venture capital funding in the entertainment industry would meet here on 13 December to deliberate on the issue.
Government sources said that considering Singh’s penchant for liberalisation, the committee’s recommendations may be “radical”.
The terms of reference of the committee on VC funding are two-fold: suggest a roadmap outlining a strategy to attract venture capital companies/funds to invest in the entertainment sector and study the existing investment regime in India in order to identify areas for policy changes to facilitate such investment.
According to an Arthur Andersen Ficci (AA Ficci) study, the entertainment industry can be conservatively estimated at about Rs 96 billion, which is expected to grow to about Rs 286 billion by the financial year 2005.
The other members of the committee, which has been given six weeks’ time to submit recommendations, include ICICI CMD KV Kamath, additional secretary in the department of banking in the finance ministry Vinod Rai, I&B ministry secretary Pawan Chopra and directorate general of foreign trade L Mansingh.
Though the VC funding panel has been set up for the entertainment sector, which also includes TV and radio broadcasting, apart from films, the industry representation is dominated by those active in the film sector.
Until now, according to the ministry, approximately Rs 7,000 million financial assistance has been sanctioned by financial institutions and banks after the film industry was granted an industry status. Out of this Rs 2,000 million has been sanctioned by Industrial Development Bank of India,
while the rest has been by various banks like the State Bank of India.
“Part of our efforts have been focussed on making the regimes covering the flow of finances such as the FDI and the lending regimes of commercial banks and the IDBI more encouraging,” according to information and broadcasting minister Ravi Shankar Prasad.
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Induction cooktop demand spikes 30× amid LPG supply concerns
Supply worries linked to West Asia tensions push households and restaurants to turn to electric cooking alternatives
MUMBAI: As geopolitical tensions in West Asia ripple through global energy supply chains, the familiar blue flame in Indian kitchens is facing an unexpected challenger: electricity.
What began as concerns over the availability of liquefied petroleum gas (LPG) has quickly evolved into a technology-driven shift in cooking habits. Households across India are increasingly turning to induction cooktops and other electric appliances, initially as a backup but now, for many, a necessity.
A sudden surge in demand
Recent data from quick-commerce and grocery platform BigBasket highlights the scale of the shift. According to Seshu Kumar Tirumala, the company’s chief buying and merchandising officer, demand for induction cooktops has risen dramatically.
“Induction cooktops have seen a significant surge in demand, recording a fivefold jump on 10 March and a thirtyfold spike on 11 March,” Tirumala said.
The increase stands out sharply when compared with broader kitchen appliance trends. Most appliance categories are growing within 10 per cent of their typical demand levels, while induction cooktops have witnessed explosive growth as households rush to secure an alternative cooking option.
Major e-commerce platforms including Amazon and Flipkart have reported rising searches and orders for induction stoves. Quick-commerce apps such as Blinkit and Zepto have also witnessed stock shortages in major metropolitan areas including Delhi, Mumbai and Bengaluru.
What was once considered a convenient appliance for hostels, small kitchens or occasional use has suddenly become an essential addition in many homes.
A crisis thousands of miles away
The trigger for this shift lies far beyond India’s kitchens.
Escalating conflict in the Middle East has disrupted shipping routes through the Strait of Hormuz, one of the world’s most critical energy corridors. Nearly 85 to 90 per cent of India’s LPG imports pass through this narrow waterway, making the country particularly vulnerable to supply disruptions.
The ripple effects have been swift.
India currently meets roughly 60 per cent of its LPG demand through imports, and tightening global supply has already begun to affect domestic availability and prices.
Earlier this month, the price of domestic LPG cylinders increased by Rs 60, while commercial cylinders rose by more than Rs 114.
To discourage panic buying and hoarding, the government has also extended the mandatory waiting period between domestic refill bookings from 21 days to 25 days.
Restaurants feel the pressure
The strain is not limited to households. Restaurants, hotels and roadside eateries are also grappling with supply constraints as commercial LPG availability tightens under restrictions imposed through the Essential Commodities Act.
In cities such as Bengaluru and Chennai, restaurant associations report that commercial LPG availability has dropped by as much as 75 per cent, forcing many establishments to rethink their kitchen operations.
Some restaurants have reduced menu offerings, while others are rapidly installing high-efficiency induction systems, creating hybrid kitchens where electricity now shares the workload with gas.
For smaller eateries and roadside dhabas, the shift is less about sustainability and more about survival.
A potential structural shift
The government has maintained that there is no nationwide LPG crisis and has directed refineries to increase production to stabilise supply.
Nevertheless, the developments of March 2026 may already be triggering a longer-term behavioural shift.
For decades, LPG has been the backbone of cooking in Indian households. However, recent disruptions have highlighted the risks of relying on a single fuel source.
Increasingly, households appear to be hedging against uncertainty by adopting electric cooking options to guard against price volatility and delivery delays.
If the current trend continues, the induction cooktop, once viewed as a niche appliance, could emerge as a quiet symbol of India’s evolving kitchen economy.
