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.
"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.
He 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.
Besides, 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.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.