Finance Minister Piyush Goyal on Friday announced a single-window clearance for film shootings and anti-camcording provisions to control piracy, in a bid to promote the entertainment industry.
The single-window clearance system was earlier available only to foreign filmmakers shooting in India, and now it is being extended to Indian filmmakers also, he said.
ALSO READ:Interim Budget 2019:Full speech of Finance Minister Piyush Goyal"To promote the entertainment industry, single-window clearance for ease of shooting films, earlier available only to the foreign filmmakers is now going to be available to the Indian film makers as well," Goyal said while presenting the Interim Budget for 2019-20.
"We would also introduce anti-camcording provisions in the cinematograph act to control the piracy," Goyal added.
ALSO READ:Interim Budget 2019:No income tax on income of up to Rs 5 lakh a yearHe further added that the regulatory provisions in this regard would rely more on "self-declarations".
The entertainment industry is a major employment generator and the move would help the filmmakers from all languages, he said.
According to a recent joint study by Assocham and PwC, the Indian media and entertainment industry is estimated to touch $52,683 million (around Rs 3.73 lakh crore) by 2022 led by increasing disposable income, population and content consumption across formats.
ALSO READ:Budget 2019:India to lead the world in transportation through EVs, says FMBesides, the traditional media such as TV and cinema, new-age digital platforms such as over-the-top (OTT) services would also play a key role.
By 2022, the Indian video OTT market will be among the top-10 markets globally with a market size of $823 million (Rs 5,363 crore), the study had said.