Parekh, 71, who has been an icon of Indian films since the '50s and '60s, has created an honourable space for herself through her extra-ordinary acting talent in the Indian Cinema Industry.
"We are honoured to confer the Lifetime Achievement Award to Asha Parekh. Her films have been loved and celebrated by millions of cinema lovers in India. We are humbled that she has agreed to receive this award," the official spokesperson of the festival said in a statement.
In 1995, Parekh retired from acting and chose to focus her energies on producing television serials and even experimented with direction.
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