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Sep 27, 2022, 03.00 PM

Media and Entertainment sector should grow to more than 100 billion dollars by year 2030: Apurva Chandra

Invest India is going to be leveraged in order to bring in higher foreign investment into India in the film sector, stated Union Secretary for Information and Broadcasting Apurva Chandra.

The Union Secretary Secretary Apurva Chandra informed that the government will work with states to facilitate and promote film shooting in India.

The Union Secretary for Information and Broadcasting Apurva Chandra stated that the media and entertainment industry will grow to more than 100 billion dollars by the year 2030. 

“India will be a 10 trillion dollar economy in the next 10 years, we should target that the media and entertainment sector should grow to more than 100 billion dollars by 2030. The Ministry of Information and Broadcasting will do whatever it takes to support the M&E sector and help it grow," while addressing the inaugural session of FICCI Frames Fast Track 2022 in Mumbai, September 27, 2022.

The Secretary announced that Invest India is going to be leveraged in order to bring in higher foreign investment into India in the film sector. “The Ministry has merged various film units under one; NFDC based in Mumbai is going to be the hub of the cinematic arm of the government. We are going to hand this over to Invest India, the main investment arm created by the government under the leadership of Prime Minister Narendra Modi, to attract industry to India.”

The Secretary Apurva Chandra informed that the government will work with states to facilitate and promote film shooting in India.

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