Modi govt nudges Indian film industry earning globally Rs 48k crore to scale up


Union Minister Mukhtar Abbas Naqvi Photo credit PIB

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By Our Special Correspondent

New Delhi, July 1: Worldwide box office earnings of Indian film industry are one-tenth of Hollywood movies, and the Prime Minister Narendra Modi-led government at the Centre now is nudging the filmmakers to think big and scale up.

“Film industries of many countries are playing an important role in the economy of their countries by contributing trillion of dollars,” said Union Minister Mukhtar Abbas Naqvi on Friday.

He cited that the box office collection of Hollywood movies is around Rs 47 lakh crore, while the worldwide earnings of British film industry are about Rs 3.31 lakh crore.

The Chinese film industry earns about Rs 2.53 lakh crore rupees from the global audience, he said.

“Worldwide box office earning of Indian film industry is around Rs 48,000 crore,” said Naqvi.

He was speaking at the fifth Global Film Tourism Conclave (GFTC) at Novotel Mumbai Juhu Beach, Mumbai.

The Minister said that the successful and glorious journey of Indian cinema industry, which started with the common people, should appeal to everyone and not be constrained by societal boundaries.

“We have to make the Indian film industry, the first choice of masses by cutting across the classes. Only then, the identity and pride of the Indian film industry will get the worldwide recognition,” he said.

Arvind Singh, secretary in the Ministry of Tourism, called for tapping the film tourism potential in India, asking the stakeholders to focus on this aspect. “Tourism is expected to see a boom after March 2023, globally. It is believed that post-March 2023, one out of three jobs created will be in tourism,” said Singh.

Naqvi argued that the Indian films and foreign films have played a significant role in giving meaningful message against the menace of terrorism, violence, radicalism. “Today there is a need of such films which can not only entertain but also give effective message to the society,” Naqvi added.

“The torrent of films can hit hard on terrorism,” he said.

Ravinder Bhakar, CEO, Central Board of Film Certification and Managing Director, National Film Development Corporation, stressed on promoting and supporting India to emerge as a film destination.

“We should try and engage Indian diaspora spread across the globe who are fond of Indian Films. We are trying to come up with more co-productions and revive many co-production treaties with several countries,” he said.

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