NFDC hopes to turn around by 2010

The company will also get into co-producing movies with other production houses and use the profits to release and distribute its 100 per cent productions.

According to Nina Gupta, managing director, NFDC, "We are looking at alternate and stable sources of income. These include making documentary films for the state governments on issues like water resources, rural development, among others."

"We have already made a documentary with the West Bengal Tourism Board which we showcased at the Cannes film festival," Gupta added.

Other sources of stable income also include making corporate documentaries.

NFDC has also plans of co-producing movies with other production houses and using the profits to make its 100 per cent production-projects with budding directors.

While NFDC will spend around Rs 50 lakhs to co-produce movies, it will spend Rs 1-2 crore for its 100 per cent productions.

NFDC intends to make about eight co-productions and four 100 per cent production-projects a year.

"Our focus will be to produce regional language movies. In India, movies are made in at least 20 different languages every year. Our 100 per cent productions will only be with budding directors for regional language movies. These would use subtitles in English so that they are watched throughout India and overseas," Gupta informed.

Another source of income for NFDC will be digitising and restoring some of its early movies. Once digitised, these could act as revenue generator as NFDC plans to monetise them in the form of video and internet content.

"There is a huge demand for early regional language movies, especially overseas. We will start with restoring NFDC-produced Ray films like