India set to become a broadcasting hub
Excerpts of the presentation made by Apoorva Chandra, Secretary, Ministry of Information and Broadcasting at CII Big Picture Summit 2022 held in the Capital recently.
“The Ministry of Information and Broadcasting along with the industry are making full efforts to take the media and entertainment sector to newer heights, and reach the goal of USD 100 billion turnover by the year 2030. You have my assurance that MIB is right there, to play a supportive role throughout this journey to expand the sector.
We had announced the incentive policy for the international production houses that shoot in India and for official co-productions with foreign countries earlier at Cannes Film Festival 2022. And now we are we are fully geared up to take these proposals forward. Some proposals have already been received by the NFDC. We are keen that India rapidly becomes a broadcasting hub.
We are also partnering with Invest India, the investing arm of DPIIT responsible for bringing FDI into India. Invest India is partnering with NFDC to promote India to the cinema sector abroad attract more and more people to come to India to shoot films and the Indian facilities in the AVGC sector as to take advantage of our capabilities the sector .
The AVGC Taskforce, which was constituted as a part of the Union Budget 2022 has completed its deliberations. The report is now in the writing stage. The taskforce is expected to submit its report to the Honorable Minister, Ministry of Information & Broadcasting this month itself, so that further action can be taken to implement the recommendations of the report by the government and take the AVGC sector even higher.
As regards the broadcasting sector, we have announced the revised uplinking and downlinking guidelines last week. A number of changes have been made to ease the burden of compliance on the news channels.
The Indian industry has always been collaborating with the Ministry of Information and Broadcasting. We shall continue to extend full support to the sector.”
Apoorva Chandra, Secretary, Ministry of Information and Broadcasting