About 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. 
For more details about FICCI please visit www.ficci.com

 

FICCI Entertainment Division works extensively with the entertainment industry, interfaces with the government, publishes studiesand explores the variouscommercial nuances of this vibrant sector.

 

Under the chairmanship of Mr Yash Chopra, Chairman, YRF, and co-chairmanship of Mr Karan Johar, CEO, Dharma Productions, works closely with the Ministry for Information and Broadcasting to bring about policy changes.

 

Major Achievements Over the Years

 

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.

 

Key policy issues being addressed currently:

 

Copyright act for film producers : Copyright period to be extended from 60 to 100 years.

 

3rd Phase of privatization of FM Radio in India

 

Tax related issues for the Multiplex; Animation and Gaming and VFX industries

 

Broadcasting services regulation bill including self regulation and content code for the television industry

 

Submissions made to the govt on changes in
policy framework

 

“Roadmap for the Development of Indian Animation, Gaming and Visual Effects (VFX ) Industry”, to the I & B Ministry in keeping with FICCI’s commitment to this important part of the entertainment sector.

 

A memorandum to the Ministry of Information and Broadcasting and TRAI towards the development of Indian FM Radio Industry.

 

On behalf of the Multiplex Association of India (MAI), a body formed under the aegis of FICCI, an appeal to reduce the level of Entertainment Tax in the states, and to bring about certain concessions for the film exhibition trade, necessary for the survival of the exhibition sector.