Specials

Maharashtra govt proposes tax exemption for AVGC sector in state

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/event-coverage/2015/03/27/IMG_7259.JPG?itok=Kr5GWS0d

MUMBAI: The Animation, Visual Effects, Gaming and Comics (AVGC) sector in Maharashtra is in for some treat. The sector, which so far has gone unnoticed in the state, has finally got itself a space in the fourth IT Policy, which will be sent to the Cabinet soon.

?I agree that the state has so far not focussed on the Media & Entertainment (M&E) sector,? said Government of Maharashtra principal secretary-industries Apurva Chandra at FICCI Frames 2015.

According to Chandra, AVGC is a part of the IT sector and hence has been included as a sub-section in the soon to be submitted IT Policy. ?The perception is that the state is not friendly to the sector and we aim at shedding that with this policy,? said Chandra.

Chandra agreed that the AVGC sector, which was once strong in Maharashtra has been overtaken by Bangalore, where the government is taking several initiatives. ?We would like to bring more AVGC centres into the state,? he added.

Maharashtra has the right ecosystem, the creative people and robust IT set up, which can give a boost to the AVGC sector.

One of the major points, which have been covered in the proposed policy is that of entertainment tax. The policy provides doing away with three kinds of taxes:

? Entertainment tax exemption for movies 100 per cent made in Maharashtra.

? Giving 100 per cent exemption from entertainment tax to animated movies, which have been converted from 2D to 3D in the state.

? 100 per cent tax exemption to live action movies, which minus the opening credits and end credits, has 50 per cent visual effects during the running time of the movie.

The AVGC policy also contains the provision for AVGC parks. ?As part of this, all the incentives given to IT Parks will be made available to AVGC Parks. One such is the integrated IT Township, which will also become an integrated AVGC Township. Under this any land, whether it is private or public, above 10 hectare can be cleared as IT or AVGC Township. In this township, 60 per cent of the land will be for industrial moves like setting up studios and 40 per cent will be open to all. Above all a higher FSI (floor space index) would also be given. This can bring a lot of discipline not only in IT but the AVGC sector as well,? informed Chandra.  

AVGC centres will also be promoted in cities of Maharashtra through several incentives. ?We will be providing financial support and are proposing a corpus fund of Rs 50 crore through the state government. In terms of clearance also, the state government is ready to support,? he added.

The policy also proposes a certification charge refund from the agencies. ?Capital subsidy for larger AVGC centres will also be given,? he informed.  

The National Centre of Excellence, which was announced by the Finance Minister in Delhi has also been proposed to the Maharashtra government. The Media and Entertainment Council is currently working closely with the Information and Broadcasting Ministry and other state governments to facilitate this for Maharashtra.   

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/06/avia.jpg?itok=njOnU16F
Casbaa becomes the Asia Video Industry Association

At an Extraordinary General Meeting of members today, Casbaa overwhelmingly approved the adoption of a new constitution and new name.

Specials Event Coverage Occasions
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/07/31/balle.jpg?itok=cQD_OGYf
Wizcraft’s 4th broadway styled bollywood musical stage show comes to kingdom of dream

After a glorious run in Mumbai with over 100 shows, Balle Balle - The Biggest and Craziest Indian Wedding Musical theatrical show, is all set to woo audiences in Delhi NCR.

Specials Event Coverage Occasions
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/07/06/asiasat.jpg?itok=31_HQ_RK
ConnecTechAsia Successful in Bridging the Digital Divide for Governments, Cities and Enterprises with Showcase of Latest Tech and Trends

ConnecTechAsia, the inaugural mega technology event comprising BroadcastAsia, CommunicAsia and the new NXTAsia wrapped up last week after an exciting three days of exhibitions and a summit covering the latest innovations in cloud, blockchain, AI, VR/AR, IoT, robotics, 5G, IP broadcasting, OTT and...

Specials Event Coverage Occasions
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/06/25/block.jpg?itok=746SRwdG
Lessons Learned With Bitcoin

Blockchain technology is one of the newest buzzwords in business. It is hardly surprising considering that the tech is having such an impact over so many different industries.

Specials Promonet feature
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/06/05/ril.jpg?itok=srJ0kbdQ
The company is collaborating with Lakme Fashion Week and designer Anita Dongre

World Environment Day - 2018 is going to be special as India is hosting global celebrations of the event today. To commemorate the occasion, Reliance Industries Ltd (RIL) has launched a special T-shirt, branded ?The Earth Tee? and designed by renowned fashion designer Anita Dongre, under its unique...

Specials Event Coverage Occasions
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/04/11/promax_0.jpg?itok=mwaud0s2
Promaxbda India 2018 announces Puja Vohra and Glenn Urquhart as their masterclass speakers

PromaxBDA India has announced its first 2 Masterclass speakers for the 15th edition of its annual conference and awards property in India, which will take place on 23rd May 2018. Speaking at the Masterclass are truTV?s Puja Vohra and creative mastermind Glenn Urquhart.

Specials Event Coverage Occasions
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/03/19/goafest.jpg?itok=82nEDNeJ
ABBY Awards 2018 shortlists announced

The coveted ABBY Awards that recognizes and rewards excellence across Advertising, Marketing and Media has now announced that the shortlists for the 2018 edition have started being posted, by category.

Specials Event Coverage Occasions
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/03/09/ficci.jpg?itok=HsYryGot
Ficci Frames and market concludes on grand note

The FICCI Frames and the newly launched content market as part of FICCI Frames 2018 concluded on a grand note.

Specials Event Coverage Ficci Frames
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/03/07/ficci_1.jpg?itok=loYrY-cA
Screen Density: Lessons from the world & Exploring new business models

n Day 2 of FICCI FRAMES happening in Mumbai, there was a session on Screen Density in India attended by some eminent panelists consisting of Mr. William Feng, VP, Greater China, MPA, Kurt Rieder, Head-Theatrical Asia, 20th Century Fox, Kapil Agarwal, Joint MD, UFO, Kamal Gianchandani, Chief of...

Specials Event Coverage Ficci Frames

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories