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FICCI to globalize Indian entertainment sector
Monday, 16 October 2006, 19:30 IST
NEW DELHI: The Federation of Indian Chambers of Commerce and Industry (FICCI) is spearheading the first organized effort to showcase the potential of Indian media and entertainment industry on global arena.
FICCI and the Commonwealth Business Council, Britain are organizing the 'India Media and Entertainment Conference: Indo-UK partnership' in London Monday.
It will be attended by 30 high profile delegation including filmmaker Yash Chopra, who is also the chairman of the FICCI entertainment committee, said a FICCI press release here.
The conference, which is coming right on the heels of the successful visit of Prime Minister Manmohan Singh, has sparked lots of interest.
The high profile delegation from the core sectors of Indian media and entertainment industry, who will attend the seminar, include the likes of Co-Chairman, FICCI entertainment committee and CEO SET India Kunal Dasgupta, CEO and Managing Director ENIL A.P. Parigi, Music Broadcast Pvt Ltd, CEO Apurva Purohit and Jain TV Chairman J.K. Jain.
This forum will provide a platform to discuss issues like Indo-British cooperation in the fields of film, TV, radio, animation and visual effects for content sharing, co-production, financing and distribution channels, the statement added.
It will also seek partnerships and collaborative endeavors between private sectors of India and Britain across several genres of media and entertainment sector.
The Indian side will be engaging with more than 100 delegates largely from Britain's creative industry.
This includes major players from the entertainment industry, financial institution like Barclays, British Council, Bloomberg, Google, BBC, U.K. Film Council, General Atlantic, HSBC and others.
The Indian entertainment industry is one of the fastest growing sectors of the country's economy.
It stands at more than $8 billion at present and is expected to grow at 19 percent compound annual growth rate (CAGR) to reach more than $19 billion in 2010, according to the FICCI-PWC report.
The nation's entertainment industry is expected to outperform GDP growth by a significant margin in the coming years. In Britain, the creative business contributes 11.4 billion pounds to the trade balance.
This conference is taking place a day prior to the 50th London film Festival, which begins on Oct 18 and a number of Indian films will be screened at the fest.
Source: IANS
Source: IANS