Skip to content
Search

Latest Stories

India aims to give film tourism a boost

Exotic foreign locales have become part of Bollywood movies. It is not uncommon to see the lead pair of a Bollywood movie frolicking in Switzerland's snow or canoodling on a Gondola boat in Venice.

But not many Indian locations are featured in international movies. Yes, Hollywood movies such as Eat, Pray, Love, Jobs, The Hundred Foot Journey all featured the subcontinent, but these are few and far between.


India Inc wants to change that and for that India's Ministry of Information and Broadcasting and Ministry of Tourism have signed a Memorandum of Understanding to promote film tourism.

According to the agreement, the Ministry of Tourism will provide financial support for identified film festivals and offer single-window clearance permission to shoot films, reported Moneycontrol.com. This is expected to highlight India as a suitable filming destination for domestic as well as foreign film producers.

India also has top-notch post production facilities that foreign producers can make use of. For instance, visual effects company Prime Focus is a hot favourite for a number of Hollywood producers, having extended their services to a number of box-office blockbusters such as Avatar, New Moon and GI Joe.

The company has offices in Los Angeles, London, Vancouver, Mumbai, Chandigarh, Hyderabad and Goa.

“The country has world-class post-production capabilities including VFX, 3D and animation, which has led to an increase in outsourcing of post-production services to it,” a report by FICCI on film tourism said, reported Moneycontrol.com.

Besides providing these facilities, India should use Bollywood to promote exciting locations, believes filmmaker Ramesh Sippy. “Bollywood is a trend setter and people are fascinated by anything we show in our films. We should use that to promote destinations in India,” Sippy was quoted as saying by the media outlet.

“The media and entertainment industry is growing 15%-16% whereas tourism is up by 20% and I am looking at better numbers in the near future in both the sectors. Combined efforts by both will definitely shoot up numbers,” Sippy added.

More For You

Bars and restaurants

Bars and restaurants saw critical distress jump 41.7 per cent.

(Representative image-iStock)

Tax reforms threaten Britain’s family firms as financial strain deepens

Highlights

  • Family businesses make up 90 per cent of UK private firms and employ 13.9 m people.
  • Nearly 50,000 businesses now in critical financial distress, up 21 per cent year-on-year.
  • Ethnic minority businesses contribute £74 bn annually despite facing funding barriers.
Family-owned companies, the backbone of Britain’s private sector, are warning that looming inheritance tax reforms could cripple investment, drive jobs overseas, and weaken an economy already battling rising financial distress.
Ranjit Singh Boparan started with a small bank loan and a butcher’s knife. Today, his 2 Sisters Food Group employs 25,000 people and supplies chicken and ready meals to almost every major UK supermarket. He notes that family businesses like his have been forgotten by the government.

“To get the UK economy going you’ve got to use family businesses as the backbone of it, not the BlackRocks or the Vanguards,” Boparan told The Times. He says overseas investment giants “will come in, they will take and they will go. He adds they have no allegiance to the country.” Boparan describes the proposed changes as “horrific” for family businesses and warns they threaten food security as companies think twice about investing.

Family firms make up 90 per cent of all private sector companies in the UK and employ 13.9 million people. These businesses contributed £575 billion to the economy in 2020, accounting for 51 per cent of all private sector employment.

Keep ReadingShow less