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In a major step to enhance India's stature as an international film-making destination, Union Information and Broadcasting Minister Anurag Thakur on Wednesday announced an incentive scheme for the audio-visual co-production and shooting of foreign films in India with a cash incentive of up to 30 per cent and a cap of USD 260,000.
The Minister made the announcement at the inauguration of the India Pavilion at the 75th Cannes Film Festival.
"I'm delighted to announce today in Cannes an incentive scheme for audio-visual co-production and shooting of foreign films in India with a cash incentive of up to 30% with a cap of USD 260,000," the minister said.
He also announced incentives to boost local employment.
Anurag Thakur on Tuesday led the largest-ever Indian official delegation of eleven celebrities walking together on the inaugural event at Cannes Film Festival. Mame Khan became the first ever folk artist to open a Red Carpet for Indian contingent.
