Goa: Coloured in the grandeur of creativity, cinematic brilliance and art of storytelling through motion pictures, the 54th International Film Festival of India (IFFI), one of Asia’s most prestigious film festivals, has officially commenced its mesmerizing cinematic journey in the scenic coastal paradise of Goa with a grand opening ceremony. Embracing diversity and creativity, this edition of the festival offers a spectacular and immersive lineup of films, showcasing the richness of cultures, perspectives, and narratives from across the globe. The nine day film festival has commenced with the international premiere of Catching Dust, by award-winning British filmmaker, Stuart Gatt.
In a glorious tribute to the legendary Bollywood actress, Madhuri Dixit, was honoured with ‘Special Recognition for Contribution to Bharatiya Cinema’ Award by Union Minister for Information & Broadcasting and Youth Affairs & Sports Anurag Singh Thakur along with MoS Information & Broadcasting, Dr. L. Murugan, and Goa Chief Minister Pramod Sawant during the inaugural function.
Govt. committed to make India the most sought-after destination for film shoots, IFFI rooted in the idea of Vasudeva Kutumbakam: Anurag Thakur
Union Minister for Information and Broadcasting Shri Anurag Thakur, in his address at the inauguration ceremony said that the power of cinema is incredible and throughout its history, Cinema has captured and chiseled ideas, imagination and innovation such that it forms the driving force for peace, progress and prosperity in a world which is increasingly distressed with division.
Highlighting several significant initiatives taken by the Government of India to augment the Media & Entertainment Sector in the country, the Minister said that the Hon’ble Prime Minister wants to make India the most sought-after destination for film-shooting and post production backed by the talent of our youth and children and the innovation of our industry leaders. The Minister added that the Cinematograph (Amendment) Bill, 2023, received approval from both the Lok Sabha and Rajya Sabha. ‘‘This legislation not only broadens the legal framework, shifting its focus beyond censorship to encompass copyright protection but also introduces rigorous measures against piracy with focus on anti-piracy measures to ensure that the hard work and dedication of filmmakers does not go to waste’’, the Minister said.
Referring to the recently concluded G20 summit, the Union Minister said that the world witnessed India’s multifaceted and multi-layered development model based on development, diversity and democracy. He further said, akin to India’s approach during the G20 presidency, the main concept and theme of the 54th International Film Festival of India is rooted in the idea of “Vasudeva Kutumbakam,” which embodies the essence of peaceful coexistence where the world is one family.’
Incentive for Foreign Film production announced
Making a major announcement, the Union Minister announced an increase in the incentive for foreign film production in India from 30% to 40% of the expenditure incurred, with a raised limit from Rs 2.5 Crore to Rs 30 Crore, exceeding 3.5 million US Dollars, and an additional 5% percent bonus for Significant Indian Content (SIC). The Minister said, ‘given India’s size and vast potential there was a need for a higher incentive to attract medium and big-budget international projects’ and added ‘this paradigm shift in incentivizing film production serves as a testament to India’s commitment and support for artistic expression and reinforces our position as a preferred destination for cinematic endeavors.’
