Shri Anurag Singh Thakur, Union Minister of Information & Broadcasting, inaugurated the India Pavilion at the 75th edition of the Cannes Film Festival. In attendance were some of the most respected names from the industry such as Deepika Padukone, AR Rahman, Shekhar Kapur, and more.
In his inaugural note, Mr. Thakur spoke about the films being showcased – a representation of not just cultural flavor but also cinematic excellence, technological prowess and fine storytelling.
This year, six Indian films will premiere at Cannes 2022 namely R Madhavan’s Rocketry The Nambi Effect, Nikhil Mahajan’s Godavari, Achal Mishra’s Dhuin, Biswajeet Bora’s Boomba Ride, Jayaraj’s Tree Full of Parrots and Shankar Shrikumar’s Alpha Beta Gamma.
At a broader level Mr. Thakur also highlighted the role of cultural preservation while making advancements through evolves narratives and tech & infrastructural growth in the industry. Something that is notable for the world’s largest film industry with over 200 films being produced each other.
Mr. Thakur also mentioned about the celebration of ties between India and France, a relationship that has spanned over 7 decades and continues to strengthen.
Some of the key incentives announced were:
-Incentives upto INR 2 crore for Co-production & upto INR 2.5 crore for shooting foreign films in India.
-International film production companies can claim a reimbursement of up to 30% on Qualifying Expenditure in India subject to a maximum of INR 2 crore.
-Foreign films shooting in India can claim an additional 5% bonus up to a maximum of INR 50 lakhs (USD 65,000) as additional reimbursement would be granted for employing 15% or more manpower in India.
Read the complete list of incentives here.
View the complete inauguration below.