Financial Daily from THE HINDU group of publications
Tuesday, Jul 16, 2002
Financial Daily from THE HINDU group of publications Tuesday, Jul 16, 2002 |
|
|
|
|
|
Industry & Economy
-
Cinema CII (South) plans core group on film industry Our Bureau
CHENNAI, July 15 THE confederation of Indian Industry (Southern Region) plans to create a core group on film industry that will look at policy issues to enhance the industry's competitiveness, exploit institutional finance and export markets. According to a confederation press release, the film industry in the South has the potential to contribute to the economy. To fully take advantage of the "industry" status accorded to this business, policy support at the Centre and State Government levels are needed. The Confederation of Indian Industry (CII) will closely work with senior film industry personalities and associations to look at measures to improve competitiveness and enhance institutional funding. CII and CRISIL are working at developing a financing model that would enable commercial banks to weigh the risks. With the markets emerging for Indian cinemas in the Gulf, US and EU, the Southern film industry can aim to exploit international markets. There are opportunities to avail of export benefits along lines available to new economy sectors. CII has commenced promotion of the Indian film industry through high-level delegations at the recently concluded Cannes Film Festival, France. Technology upgradation will be one of the focus areas for CII. Film laboratories are upgrading capabilities and film theatres are modernising and evolving into multiplexes.
Send this article to Friends by E-Mail
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |
Copyright © 2002, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|