Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Industry News

| More

USIBC aims to create a $100bn Media and Entertainment Industry in India by 2020

Posted On: 2015-06-05 04:26:37

The U.S.-India Business Council (USIBC) led a series of discussions and meetings between top executives of the media industry and senior Government of India officials to discuss how opportunities can support the recent initiatives of the government, including Make in India, Digital India, and improving the country's ranking in the World Bank's Ease of Doing Business Index.

Led by Joe Welch, Senior Vice President for 21st Century Fox, the delegation included senior representatives from The Walt Disney Company, Time Warner, Viacom 18, and the Motion Picture Association (MPA).

India is already home to more than 800 television channels with 140 million paid TV homes and a vibrant film industry that produces more than 1,000 movies in a year. The delegates expressed continued commitment to the market, which is expected to grow at 13.9% annually - double that of the global media and entertainment industry. Film and television are significant employment generators for the Indian economy and enhance India's image among external audiences from a socio-cultural perspective.

"Media and entertainment companies are celebrating over 20 years of Making in India, and as an industry we are eager to do more given the appropriate policy environment. We are encouraged by the Government of India's willingness to see the industry as a partner for growth," said mission leader, Joe Welch.

Talks between industry executives and the Ministry of Information and Broadcasting, the Telecom Regulatory Authority of India (TRAI), Department of Electronics and Information Technology (DeitY), Ministry of Commerce and Industry, Ministry of Finance, Department of Telecommunications, Department of Industrial Policy and Promotion, and the Ministry of External Affairs focused on providing a further impetus to the already robust sector and taking appropriate policy measures to reach the $100bn level by 2020. Such policy measures include liberalization of foreign direct investment caps, restrictions on vertical integration, single window permitting, digitization implementation, and copyright enforcement.

Diane Farrell, USIBC Executive Vice President said, "The two day mission was conducted with the goal to raise the profile of the media and entertainment industry as a key contributor to India's growth. The media sector in India is promising for the Council's member companies, but is also a real opportunity for the Government of India to create jobs and showcase itself as a global leader in content creation."

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Home Credit Partners with SEWA Bharat to restore livelihoods of nano entrepreneurs

Ascendas India Trust secures maiden S$100 million sustainability-linked loan from UOB

Noida International Airport begins the pre-qualification process for airport development and construction tender

Fractional ownership providing boost to Commercial Real Estate

Bharti AXA Life Insurance establishes bancassurance partnership with Fincare Small Finance Bank

NCR witness 111% jump in new launches

Pitstop raises USD 3.5 million in pre-series B funding led by Ventureast

CPAI urges Maharashtra govt to classify stock broking under essential services amid new COVID-19 curbs

BYJU'S to acquire Aakash Educational Services Limited through a strategic merger

Shriram Life Insurance introduces settlement of claims within 12 hours

Ascendas India Trust to invest in a forward purchase acquisition of 1.65 million square feet of an IT Park at Hebbal, Bangalore

JICA signs loan agreement for JPY 10 billion with TCCL for Climate Change Management Project in India

Arcil appoints Mr. Pallav Mohapatra as Chief Executive Officer & Managing Director

Home Credit strengthens its Insurance Portfolio

Yamuna International Airport's proposed term loans rated at 'Provisional IND A-'/Stable by India Ratings

MoU Signing for the Integrated Steel Complex by ArcelorMittal Nippon Steel India at Kendrapara held

SVC Bank bags 'Best Co-op Bank in India 2020' Award at World Leadership Awards

To cash in on retail rush, brokerages shower freebies on investors

SIDBI and NSE joins hands for co-operation in various MSME related initiatives

Honda posts robust 31% growth with 4 lac+ domestic sales in Feb'21

Hyundai Motor India registers cumulative sales of 61,800 Units in Feb'21

SIDBI joins hands with Government of Andhra Pradesh for the Development of MSME ecosystem in the State

Bauxite Average Sale Price (ASP) needs correction for Indian Aluminium to be competitive

Fino Payments Bank is now a scheduled bank

UST Acquires ServiceNow Business from abhra, Inc.

First batch of Sputnik V vaccine delivered to Mexico

Fino Payments Bank to on board 10000 women from SHGs as banking agents in Uttar Pradesh

Liberty General Insurance Rolls Out AI-based Automated Car Inspections

Ageas Federal Life Insurance launches its Life Advantage Plus Plan

Star Health Insurance partners with PhonePe to offer Digital Health Insurance

Universal Sompo General Insurance Company Limited ties up with Saptagiri Grameena Bank

SIDBI partners with Confederation of Women Entrepreneurs to give fillip to Stand-Up India Scheme

Tata Housing launches 'The Grand Indian Home Festival'

LANXESS increases prices for engineering plastics

AMP Capital establishes energy transmission platform in India with Sterlite Power

First-of-its-kind cradle that enables babies to have uninterrupted sleep

NASSCOM and BIRAC launches 'JAN-Care', a Nationwide Challenge to Scale Healthtech Innovation

LANXESS increases prices for 1,6-hexanediol

Fincare Small Finance Bank partners with Go Digit Insurance

Fincare Small Finance Bank signs a MoU with National Housing Bank for PMAY

S. P. Retail Brands Ltd. acquires UK based Kidswear brand Angel & Rocket

ESAF Small Finance Bank net profit grows by 41.09%

SIDBI's Standup Mitra Portal set up under GOI's Stand-Up India scheme reaches over 96,000 loan sanctions

Shriram General Insurance to strengthen business using Digital channels

Bharti AXA Life Insurance launches Bharti AXA Life Wealth Pro

SIDBI and CRIF India collaborate to introduce sector-based insight reports 'Industry Spotlight'

SIDBI joins hands with Government of Gujarat for the Development of MSME ecosystem in the State

FAITH asks Anti-competitive travel tax TCS to be withdrawn

ESAF Small Finance Bank Announces Fintech Conclave 2020

Micro ATM is a game changer in India - Says RapiPay

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020