After 25 years, Toronto International Film Festival Senior Programmer Steve Gravestock has decided to retire at the end of 2022.
18.05.2022 - 13:45 / variety.com
Naman Ramachandran India’s long awaited location shooting incentive scheme is now a reality. At the Cannes Film Market on Wednesday, Information and Broadcasting Minister Anurag Thakur revealed a 30% reimbursement scheme for international productions shooting in India.The Indian federal government will reimburse up to 30% of qualifying production expenditure to a maximum of INR20 million ($260,000).
An additional 5% to a maximum of INR5 million ($65,000) will be granted to productions employing 15% or more manpower in India. The minimum qualifying production expenditure spending threshold is INR25 million ($325,000).
The minimum spending threshold is not applicable to documentaries.International productions granted permission to shoot in India are eligible to apply for the reimbursement, which applies across films, TV and streaming series, reality TV, documentaries and post production and VFX services. The applicant must be an (Indian) services or a line production company responsible for making all arrangements for purchasing, hiring and production related expenditure on behalf of the international producer. Productions qualifying as official co-productions under bilateral treaties with India are also eligible for the reimbursement.
India currently has audio-visual treaties with Bangladesh, Brazil, Canada, China, France, Germany, Israel, Italy, New Zealand, Poland, Portugal, South Korea, Russia, Spain and the U.K.The incentive scheme will be administered by India’s Film Facilitation Office (FFO), which operates under the aegis of the National Film Development Corporation. There is a two-step approval process.
An interim approval needs to be applied for four weeks before production commences in India. When this is
.After 25 years, Toronto International Film Festival Senior Programmer Steve Gravestock has decided to retire at the end of 2022.
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Naman Ramachandran Paris and Mumbai-based production service company La Fabrique Films is looking forward to a further surge in business in the wake of new Indian filming incentives that were announced in Cannes.International productions filming in India can be reimbursed up to 35% of qualifying production spend in the country.La Fabrique, which specializes in European films shooting in India, has been operational since 2013 and films they have provided production services for include “Les Cowboys,” “The Best Is Yet to Come” and “And Tomorrow We Will Be Dead.” La Fabrique has just wrapped work on Laetitia Colombani’s “The Braid” and company principals Déborah Benattar and Javed Wani are currently attending the Cannes Film Market. The initial reimbursement for international shoots in India is 30%, which can go up by an additional 5% for productions employing 15% or more manpower in India.“The incentives will be a great advantage for foreign producers who decide to come and shoot in India also, because there is this bonus of 5%, they may want to employ more Indian technicians, because, from our experience, we have amazing technicians in India.
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