Incentive Scheme For Production Of Foreign Films In India

Incentive Scheme For Production Of Foreign Films In India

Incentive Scheme For Production Of Foreign Films In India

Incentive Scheme For Production Of Foreign Films In India

In this episode of Vitrina Podcast, Mr. Prithul Kumar, serving as Joint Secretary (Films) & Managing Director at NFDC under the Ministry of Information and Broadcasting, Government of India discusses initiatives undertaken by the ministry to aid international film production projects and services in India (including live shoots, Animation projects, post-production and visual effects services) and official co-productions under the bilateral Audio Visual Coproduction Agreements that India has with other countries.

In this episode of the Vitrina Podcast, Mr. Prithul Kumar, serving as Joint Secretary (Films) & Managing Director at NFDC under the Ministry of Information and Broadcasting, Government of India discusses initiatives undertaken by the ministry to aid international film production projects and services in India (including live shoots, Animation projects, post-production and visual effects services) and official co-productions under the bilateral Audio Visual Coproduction Agreements that India has with other countries.

The incentive cap has been significantly increased, now standing at approximately $3.6 million USD, a remarkable twelve-fold increase. This cap is among the most competitive globally and, coupled with India’s inherent cost competitiveness, presents a substantial incentive for foreign productions.

Podcast Chapters

 

01:31 Initiatives by the Ministry of Information Broadcasting for the promotion of the Incentive Program.
04:49 AVGC (Animation, Visual Effects, Gaming and Comics) sector’s importance for content creation, considering metaverse and gamification.
09:09 States rapidly adopting policies to boost AVGC sector.
14:22 Coordination between central and state governments on film production incentives.
16:35 Response from local industry and the growing trend of co-productions between Indian and foreign filmmakers.
21:40 Accessibility of information about Indian film industry incentives.
23:20 Exploring avenues for international participation in prominent Indian film industry.
25:20 Success Metrics: Attracting diverse projects with appealing incentives.

Additionally, various state governments have implemented their own incentive policies, with some offering up to half a million USD. When combined with the Central Govt’s incentive of $3.6 million USD, the total incentive can reach up to $4 million USD.

About National Film Development Corporation (NFDC):

The National Film Development Corporation was founded in 1975 and aims at fostering excellence through cinema and strives to effectively promote Indian cinema and the diversity of its culture internationally. It aims to create a domestic and global appreciation of independent Indian cinema.

For more information on the incentive scheme and eligibility criteria, please check the link below:

Latest from National Film Development Corporation (NFDC):

Why You Should Connect With National Film Development Corporation (NFDC)?
  1. Unique Locations: NFDC offers access to a diverse range of unique filming locations across India, including forests, wildlife reserves, rivers, mountains, beaches, cultural heritage sites, forts, and monuments.
  2. Cultural Richness: India boasts one of the oldest and most diverse cultures globally, providing filmmakers with a rich tapestry of languages, cuisines, identities, religions, arts, ethnicities, and geographies to explore and incorporate into their productions.
  3. Production Resources: NFDC provides access to a large talent pool of actors, producers, directors, writers, and experienced crew members, including competent line producers, ensuring a smooth production process.
  4. Filming Hubs: India has multiple well-equipped film production and post-production facilities spread across the country, offering filmmakers a diverse range of options to suit their needs.
  5. Ready Audience: With a rapidly growing appetite for films, India offers a ready audience that enthusiastically embraces both domestic and international productions, providing filmmakers with an opportunity to showcase their work to a vast and diverse audience base.

In Conversation With

Incentive Scheme India
Prithul Kumar
Joint Secretary (Films) & Managing Director, NFDC Ministry of Information and Broadcasting, Government of India

Mr. Prithul Kumar is currently serving as the Joint Secretary (Films) & Managing Director at NFDC, Ministry of Information & Broadcasting. A Civil Servant from the 2000 batch of the Indian Railway Traffic Service (IRTS) Officer, he has amassed a diverse array of experiences throughout his career.

Get in touch with National Film Development Corporation (NFDC)

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