MIB revised the Guidelines of the Incentive Scheme for the Production of Foreign Films in India and Official Coproduction under the AV Coproduction Treaty

Dec 04, 2023 | by TeamLease RegTech Legal Research Team

Free Legal updates for the week 00


Industry Specific Compliance

The Ministry of Information and Broadcasting, (MIB) on December 01, 2023, notified revised Guidelines of the Incentive Scheme for the Production of Foreign Films in India and Official Coproduction under AV Coproduction Treaty.

MIB launched Incentive Schemes for International Film Productions 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 scheme is administered by the Film Facilitation Office set up by the Ministry under the National Film Development Corporation and managed by Invest India. This document sets out the guidelines for the incentive schemes including the quantum of incentives, eligibility, and application process

These guidelines will be applicable from the date of its publication and will not have retrospective effect. 

The Government has formulated a scheme for providing incentives for the production of foreign films in India. The Government has set up the Film Facilitation Office (FFO) under the aegis of the National Film Development Corporation (NFDC) intending to promote global collaboration in filmmaking and facilitate film production by domestic and international filmmakers in India. The incentive scheme shall be executed through FFO.


Bookmark

Related Updates



Alternate Text

Get updates on the go on RegUpdate Mobile App.

NEW  ·  AI ASSISTANT