Specials

Maharashtra govt proposes tax exemption for AVGC sector in state

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/event-coverage/2015/03/27/IMG_7259.JPG?itok=oFFT_S9K

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/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/06/rajiv.jpg?itok=_XjLJGEq
Govt extends support to M&E sector in fighting digital piracy

NEW DELHI: The government of India yesterday stressed that it stood alongside the media and entertainment (M&E) industry in fighting digital piracy to safeguard loss of revenue and ease norms for doing business, while CII entertainment committee head and Viacom18 group CEO Sudhanshu Vats.

Specials Event Coverage Occasions
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/05/Media%20and%20Entertainment%20Industry.jpg?itok=MnCSdBVE
M&E industry to hit Rs8 trillion revenue by 2022: report

According to a report published by Boston Consulting Group (BCG) and Confederation of Indian Industry (CII), India’s media and entertainment (M&E) industry is expected to reach revenue of Rs7.5-8 trillion by 2022 from an estimated Rs4.5 trillion in 2017. Over the next five years, the industry...

Specials Event Coverage Occasions
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/01/atf_0.jpg?itok=tdmv_6Vr
ATF’s first Animation Pitch announces winners

MUMBAI: As the Asia TV Forum (ATF) draws to a close today. The event saw several activities such as an exciting round of on-stage pitches where producers from all over Asia presented their ideas, the winners of the inaugural Asia TV Forum & Market (ATF) Animation Pitch and the unveiling of the...

Specials Event Coverage ASIA TV FORUM
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/28/ATF800.jpg?itok=7d6mb_hu
Indian OTTs to be in focus on day 2 of ATF

MUMBAI: Singapore-based Reed Exhibitions’ Asia TV Forum (ATF) will commence today with 60 countries taking part. The first day will see sessions based on content, advertising and the evolution of storytelling and digital traditions and innovation Ninety thought leaders will deliver fresh insights...

Specials Event Coverage ASIA TV FORUM
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/25/Kriss_Barker.jpg?itok=vVWGtO0T
'It is criminal for TV not to think of social change' - PMC's Kriss Barker

For most programming executives and managements in TV companies today, television is all about running on a treadmill chasing ratings, viewership, and the concomitant revenues, followed by the next bonus and promotion. Every trick in the creative book and outside it is resorted to keep the...

Specials Event Coverage Occasions
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/23/atf.jpg?itok=Pv-14Qq8
ATF 2017 attracts Indian content studios, both big and small

MUMBAI: Singapore-based Reed Exhibitions’ Asia TV Forum (ATF) is round the corner and the buzz around the event only seems to be ramping up. This year, the forum will see around 60 countries from all over the globe. From 28 November to 1 December 2017, more than 90 thought leaders will deliver...

Specials Event Coverage ASIA TV FORUM
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/22/atf.jpg?itok=J8JpuLp1
Singapore's ATF 2017 promises more than ever

Reed Exhibitions’ Asia Television Forum (ATF) is back. And Asia’s leading content market cum conference which brings together Asia’s broadcasters, digital platforms, distributors, studios, content creators to strike deals amongst each other and other international buyers and sellers from ---...

Specials Event Coverage ASIA TV FORUM
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/13/MIPCOM800.jpg?itok=G89xfoU-
MIPCOM 2017 - Content Really is King!

Eye-opening, international, new content for multi-platform that fully embraced digital and VR were my key takeaways from MIPCOM 2017. The world may be going digital but content will always be king!

Specials Event Coverage Mipcom
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/16/Chhota%20Bheem_0.jpg?itok=ehNRJugd
Chhota Bheem becomes Mighty with Netflix

CANNES: The studio behind the popular animated show Chhota Bheem, Green Gold Animation has been commissioned by Netflix to make an exclusive 13-episode series on its trademark show. Paradoxically titled Mighty Little Bheem, the series is set to be released in August 2018. Each episode of Mighty...

Specials Event Coverage Mipcom

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories