India Hikes Incentives for Foreign Filmmakers to Shoot in the Country: India Report
Photo Credit: India is looking to woo foreign filmmakers to shoot films in the country. Pixabay / Darshak12Pandya
Skift Take
Has India made it lucrative enough for film units to camp in the country to shoot their movies?
A foreign film shooting in India will now be able to claim up to 40% of the expenditure incurred (in India) with the maximum limit capped at INR 300 million ($4 million). An additional five percent bonus will be given for "significant Indian content."
What's Behind the Decision? Information and Broadcasting Minister Anurag Singh Thakur cited better incentives to bring larger international film projects to India and further enhance India's positioning as a premier filmmaking destination.
Incentive Scheme Background: India introduced a 30% incentive scheme last year at Cannes to encourage the production of foreign films. Under this plan, filmmakers can get a refund of up to 30% of the money spent on producing a film in India, previously capped at INR 25 million ($300,000).
Who Will Qualify? International film productions that have received permission to shoot in India from the ministry of information and broadcasting and for documentaries fro
