Ficci suggests road map to boost M&E sector to I&B Minister

Image
Press Trust of India New Delhi
Last Updated : Jun 17 2014 | 7:10 PM IST
Aiming to boost the country's media and entertainment industry, Ficci today presented a road map comprising recommendations for television, film, print and radio sectors to Information & Broadcasting Minister Prakash Javadekar here.
"We are confident that the implementation of these recommendations will provide a much-needed boost to the media and entertainment sector, which has tremendous potential for dynamic growth and multiplier effect on employment generation without much spending from the public exchequer," Ficci President Sidharth Birla said.
For the film industry, the policy road map calls for enactment of the Cinematograph bill, constitution of a task force for improving screen density in India and ensuring that entertainment tax is fully subsumed in the Goods and Services Tax without creating a window for its levy at the local level.
For the broadcast television sector, it suggests smooth and orderly implementation of Digitisation in the cable sector; liberalising foreign direct investment (FDI) limits in news broadcasting and infrastructure status to cable sector.
To boost the radio sector, Ficci has urged the government to ensure that the process of auctions under Phase-2 rolls out smoothly, without any further delays. The auctions should be completed by September-October 2014 and that Phase-3 licenses which expire from April 2015 are extended well before the end-date.
Further, with respect to reduction in channel separation, it said the government must immediately accept Telecom Regulatory Authority of India (TRAI's) recommendations on this subject, so that an FM revolution can be brought about.
More number of radio stations will also mean more job creation, and a much wider programming variety for the people of each city. The chamber has also called for allowing news in an unrestrained manner and raising FDI in FM radio to 49 per cent from 26 per cent at present.
For the print media, the industry chamber has called for abolition of the Wage Board Act and exhorted the government to urgently announce fiscal relief measures for newspapers.
For the Animation, Visual Effects, Gaming & Comics (AVGC) sector, it has recommended creation of an investment fund; incubation and market development fund; tax relief; skills and talent development; Co-production treaties and focus on kids' channel in terrestrial broadcasting space.
Besides, Ficci hailed Javadekar on his announcement regarding the launch of a dedicated channel for kids' and animation content on the national broadcaster Doordarshan.
"Given the vast and intensive reach of Doordarshan across the country, this initiative will - by popularising kids' and animation content - create a demand for original intellectual properties in the sector provide an enormous boost to its growth," it said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 17 2014 | 7:10 PM IST

Next Story