ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Business

Need to integrate film production and tourism: FICCI-EY report

New Delhi [India], March 24 (ANI): The Indian film industry is estimated to generate revenues of Rs 23,000 crore by 2021 and can contribute significantly to the growth of tourism in the country, according to a report by industry body FICCI and consulting major Ernst & Young.

ANI Mar 24, 2019 11:36 IST googleads

 Film tourism an excellent vehicle for destination marketing.

New Delhi [India], March 24 (ANI): The Indian film industry is estimated to generate revenues of Rs 23,000 crore by 2021 and can contribute significantly to the growth of tourism in the country, according to a report by industry body FICCI and consulting major Ernst & Young.
Film entertainment marked the growth of 12.2 per cent with revenues growing from Rs 15,550 crore in 2017 to Rs 17,450 crore in 2018. With the annual certification of 2,336 films, Indian ranks as one of the largest producers of cinematographic films in the world.
On the other hand, the country is emerging as a hotspot for global tourists with a wide range of attractive destinations from the Himalayas to oceans. The tourism industry contributes 9.4 per cent to the GDP and generates 8 per cent of total employment, making it one of the largest industries in the services sector.
"Not only is film tourism an excellent vehicle for destination marketing, it also presents new product development opportunities like location tours, film museums, exhibition and the theme of existing tourist attractions with film connections," said FICCI's Secretary General Dilip Chenoy.
"Film tourism represents a gateway to new and more intense ways of experiencing destinations," he said in the report titled 'Film Tourism in India -- A Beginning Towards Unlocking its Potential.'
Utkarsh Sanghvi, Partner at Ernst & Young, said integrating film production and tourism has been a marketing strategy implemented by developed countries to boost tourism in their country.
"Singapore is one such country which has attributed its increasing tourist footfalls over the years to its film incentive policy and considers tourism receipts as a return on the investment made by it through its film incentive policy," he said.
The impact of film tourism can be felt at micro and macro-economic levels, according to the report.
The direct benefits include revenue generation due to direct spends during the period of film production in the locality, employment generation on account of the hiring of local talent, providing an impetus to the local film industry and technology transfers which enable local talent to hone their skills and individually explore future opportunities for film production.
Other than direct spends during production shoots, creative industries induce tourism in three major ways. One, create awareness by showcasing virgin or less-known locations through iconic scenes. Two, present a location in an attractive manner by creating a memory or aspirational value or attraction that would not have been present otherwise.
And three, shaping attractions by actively creating attractions around themes from film or television content. Disney's theme parks and Hobbit-themed hotels in New Zealand after the shooting of 'The Lord of the Rings' are examples of this mechanism.
The report said that to create a film-friendly ecosystem, single window clearances facility provided to foreign filmmakers should be extended to Indian filmmakers as well. The government should simplify the administrative process by setting up online portals and incentivise film productions by extending tax benefits, it said. (ANI)

Get the App

What to Read Next

Business

Piyush Goyal meets global industry leaders to deepen trade ties

Piyush Goyal meets global industry leaders to deepen trade ties

The meetings were inclined towards bolstering India's manufacturing capabilities and deepening its integration into global supply chains. The discussions focused on expanding investment partnerships and enhancing India's role as a critical hub in the Indo-Pacific region.

Read More
Business

India market "relatively resilient" compared to its Asian peers

India market

The deepening conflict in West Asia has placed the Indian economy and the broader Asian region in the "eye of the storm," as supply chain disruptions and surging energy costs threaten to trigger a significant negative growth shock.

Read More
Business

Adani Foundation to connect 10 lakh women nationwide

Adani Foundation to connect 10 lakh women nationwide

The Adani Foundation, today, declared that in the next one year, it will connect one lakh women in Maharashtra with the Swabhimaan initiative. For the future, Adani Foundation has announced to connect 10 lakh women in India with the same initiative and make them strong.

Read More
Business

Govt Urges Citizens to Avoid Panic Booking

Govt Urges Citizens to Avoid Panic Booking

Amid global energy disruptions following the closure of the Strait of Hormuz, the government has assured that the domestic supply of LPG, petrol, diesel, kerosene, and natural gas remains stable, while citizens are urged to avoid panic booking and conserve fuel, said Sujata Sharma, Joint Secretary of the Ministry of Petroleum and Natural Gas, today.

Read More
Business

India Emerging as Stable Investment Anchor in Turbulent Global

India Emerging as Stable Investment Anchor in Turbulent Global

Mumbai (Maharashtra) [India], March 12: As military conflict in West Asia disrupts energy supplies through the Strait of Hormuz and global liquidity tightens, leading investors, policymakers and capital markets leaders gathered at IGF Mumbai 2026: Catalysing Capital to assess India's position in an increasingly fragmented global economy.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.