Federation of Indian Chambers of Commerce & Industry (FICCI)
Established in 1927, FICCI is the largest and oldest apex business organisation in India. Its history is closely interwoven with India's struggle for independence and its subsequent emergence as one of the most rapidly growing economies globally. FICCI plays a leading role in policy debates that are at the forefront of social, economic and political change.
Through its 400 professionals, FICCI is active in 38 sectors of the economy. FICCI's stand on policy issues is sought out by think tanks, governments and academia. Its publications are widely read for their in-depth research and policy prescriptions. FICCI has joint business councils with 79 countries around the world.
A non-government, not-for-profit organisation, FICCI is the voice of India's business and industry. It works closely with the government on policy issues, enhancing efficiency, competitiveness and expanding business opportunities for industry through a range of specialised services and global linkages. Partnerships with countries across the world carry forward our initiatives in inclusive development, which encompass health, education, livelihood, governance, skill development, etc.
FICCI – Entertainment Division
The Entertainment Division serves a vital link between the media & entertainment industry, Information & Broadcasting Ministry and global interests in this vibrant sector.
Media & Entertainment Division is an active division organizing the FICCI-FRAMES, conducting & releasing pioneering studies in the sectors, assisting in policy decisions and helping scale up the industry through various initiatives.
The entertainment division is guided by the chairman Mr. Uday Shankar and co-chairman Mr Ramesh Sippy.
a. Government Policies
FICCI's efforts led to a change in government policy whereby the Indian film sector was granted “industry” status.
Income tax rebate of 50% on profits: The Income Tax Act introduced in April 2002 allowed multiplexes tax rebate to the tune of 50% on book profits
Tax holiday for 5 years: Several state governments are introducing exemptions from payment of entertainment tax. Maharashtra provides for a 100% tax holiday for 3 years, and 75% tax holiday for 5 years, without any limit in terms of capital investment.
Lowering of Entertainment Tax in various states: Entertainment taxes in various states of India have been lowered. Taxes in Karnataka are down to 30% from 40.
Spearheading the 2nd Phase of Privatization FM Radio Broadcast Policy; the committee was chaired by Dr Amit Mitra, Secretary General, FICCI.
FICCI-FRAMES have emerged as the foremost business conclave in the entertainment sector attracting almost every vital stale holder in the industry. It has emerged as the biggest event of its kind in Asia. For more information on FICCI FRAMES 2011 visit us at www.ficci-frames.com . Please visit the archives for the more information on the past years.
c. FICCI Media & Entertainment Business Conclave (MEBC)
We have been holding industry conclaves in various parts of the country every year including Chennai and Hyderabad. This has enabled the regional industries to showcase their work and talent on a bigger scale. To know more....
d. FICCI Best Animated Frames (BAF)
FICCI Best Animated Frames (FICCI BAF) has been created to encourage talent in the animation industry. An animation committee has been set up to help promote animation industry. To know more....
The following is the list of committees and forums formed under the aegis of FICCI
- FICCI Entertainment Committee
- FICCI Media Entertainment Business Conclave Committee
- FICCI Convergence Committee
- FICCI Multiplex Association of India (MAI)
- FICCI Animation , Visual Effects , Gaming & Comics (AVGC) Forum
- FICCI Digital Forum
- FICCI Broadcast Forum
- FICCI Radio Forum