India Planning Tax Incentives for Co-Productions

The Extraordinary Journey of the Fakir Still 1 -Publicity-H 2018
Courtesy of Sony Pictures Releasing France

India's Film Facilitation Office is also streamlining procedures for foreign films intending to shoot in the country.

India is hoping to attract co-productions by offering tax and other financial incentives.

The move is expected to build on the various co-production treaties the country has signed over the years with countries such as the U.K., France, Germany and China, among others. In addition, the government has also been working toward further streamlining shooting procedures, from speedy visas to local security clearances, for foreign productions via the government's Film Facilitation Office (FFO), which was launched in 2016.

A detailed policy on tax benefits is in the planning stages, according to Ashok Parmar, the Information and Broadcasting Ministry's joint secretary. While spelling out how the government is working towards streamlining procedures for shooting permissions at a session at the Film Bazaar event in Goa, Parmar also told The Hollywood Reporter that the government is hopeful of preparing a document in time for the Cannes Film Festival and market next year.

At the Film Bazaar, the FFO also launched its revamped website, which offers comprehensive information about filming procedures and lists various trade associations and other bodies.The FFO has so far assisted about 75 international projects to film in India, including films such as The Extraordinary Journey of the Fakir and Danish film Iqbal and the Indian Jewel.

Now in its 12th year, the Film Bazaar event, organized by the National Film Development Corporation, has become an important platform to incubate talent via producing and script workshops. In recent years, films mentored at the Bazaar have not only traveled to various festivals, but also ended up as India's entries for the foreign-language Oscar race, including this year's entry, Rima Das' Village Rockstars.

Film Bazaar runs Nov. 20-24.