2019 budget brings in some good news for Bollywood

Budget

It is February and all of us wait for the Budget session. A few announcements have been made pertaining to the Indian Film Industry and here is what a few prominent filmmakers have to say about the same.

“We are delighted that the immense contribution of Indian cinema towards employment generation in the country has been acknowledged and applauded in Parliament during the presentation of the Union Budget. The announcement of a single-window clearance mechanism for Indian filmmakers filming within India is a significant step and has the potential to play a huge role in boosting tourism in the country. The amendments in the Anti Camcording provisions will support the industry’s growth by curtailing illegal recordings of films in cinema halls and will go a long way towards reducing piracy”, said Siddharth Roy Kapur, President, Producers Guild of India

Sandip Ssingh, the Founder & Director of Legend Global Studios (Producer Film Narender Modi) said, “I think it’s high time that we start doing things for ourselves also. I am so happy that cinema, now has been taken so seriously by the ministry. It will help a lot of people in terms of employment and gives a lot of motivation. Only because of this, I think more films will be made.” 

He further added, “I am so happy that Finance Minister Piyush Goyal mentioned URI: THE SURGICAL STRIKE in the budget. I think this happened for the first time in the history of budget that a film’s name has been taken by the Finance Minister. I met Piyush Goyal and I know that he loves watching cinema with his family.” 

“I think that Modi Government has taken care of everything overall minutely. The Finance Minister spoke about piracy and I think the authority will take it very seriously. I think cinema footfall will increase. Overall, outflow will be benefited and the recovery will be very easy. Everyone will be benefited. I think the entire industry should be thankful to the Modi government”, concluded Sandip.

Sunir Khetrepal, CEO of AZURE Entertainment commented about single window clearance mechanism saying, “Obtaining permissions from various authorities have been very time consuming. Single window clearance will not only save time but also eradicate the hidden costs involved in the procedure. He also spoke about the anti-camcording provisions made. “Hoping that Anti-camcording provisions terminates piracy as a whole and the offenders are punished. This can be executed only with the support of exhibitors. This will also help the films to collect better revenues”, he concluded.