India increases incentive for foreign film production from 30% to 40%: Min of Information & Broadcasting

Union Minister of Information & Broadcasting, Anurag Thakur has said that the government is going to announce a new filmmaking policy. “The incentive for foreign film production has been enhanced from 30% to 40%. The incentive for foreign film production in the country stands today at 40 % of the expenses incurred with an increased cap limit of Rs. 30 crore and an additional 5% percent bonus for Significant Indian Content (SIC). This step will give further impetus to India’s efforts to attract medium and big-budget international film projects to the country.”