6 months ago
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Tourism, Culture and Cinematography Minister Kandula Durgesh said the authorities is moving connected a broad movie tourism argumentation aimed astatine strengthening the Telugu movie manufacture from accumulation to exhibition. Delivering the keynote code astatine the CII Big Picture Summit 2025 successful Mumbai connected December 1, helium said the Telugu movie industry, the 2nd largest successful the state aft Hindi cinema, accounts for astir 20% of India’s wide movie sector.
He outlined the benefits being extended to investors successful the Indian Media and Entertainment sector, stating that the authorities volition afloat enactment ventures processing integrated movie cities, modern studios, dubbing units and re-recording facilities. Permissions for shooting successful authorities and nationalist spaces are being streamlined to marque the process fast, transparent and hassle-free, helium said. The Minister added that the Nandi Awards and Nandi Natakotsavams volition beryllium revived soon to beforehand caller talent.
He said the authorities is offering afloat stamp work reimbursement connected onshore purchased oregon leased for eligible tourism projects, on with a waiver of onshore conversion charges. A 100% State Goods and Services Tax reimbursement is besides being offered for up to 15 years. Direct superior subsidies are disposable up to 25% for MSME projects and 10% for ample oregon mega projects.
Hospitality units volition beryllium supplied powerfulness astatine concern tariffs and fixed a five-year exemption from energy duty, reducing operational costs. He said 7 large anchor hubs are being developed successful Visakhapatnam, Tirupati, Amaravati, Srisailam, Araku Valley, Rajamahendravaram and Gandikota, with concern opportunities crossed 21 thematic circuits specified arsenic adventure, eco, temple and movie tourism nether a hub-and-spoke model.
Calling connected investors to assistance physique world-class studios and post-production infrastructure successful the State, helium said the caller movie argumentation is designed to incentivise the instauration of specified captious facilities by offering competitory enactment for investments successful studios and allied services.
Earlier successful the day, helium took portion successful a treatment connected drafting a roadmap for the Media and Entertainment sector’s maturation successful the AI era, alongside CII National Council subordinate Rajan Navani, Sony Entertainment Business Head Nachiket Pantvaidya, Shemaroo Entertainment CEO Hiren Gada, Radio Mirchi CEO Yatish Mehrishi and others.
