Federation of Indian Chambers of Commerce & Industry (FICCI)
Established in 1927, FICCI is the largest and oldest apex business organisation in India. Its history is closely interwoven with India's struggle for independence and its subsequent emergence as one of the most rapidly growing economies globally. FICCI plays a leading role in policy debates that are at the forefront of social, economic and political change.
Through its 400 professionals, FICCI is active in 38 sectors of the economy. FICCI's stand on policy issues is sought out by think tanks, governments and academia. Its publications are widely read for their in-depth research and policy prescriptions. FICCI has joint business councils with 79 countries around the world.
A non-government, not-for-profit organisation, FICCI is the voice of India's business and industry. It works closely with the government on policy issues, enhancing efficiency, competitiveness and expanding business opportunities for industry through a range of specialised services and global linkages. Partnerships with countries across the world carry forward our initiatives in inclusive development, which encompass health, education, livelihood, governance, skill development, etc.
FICCI – Media & Entertainment Division
The Media & Entertainment Division of FICCI serves a vital link between the media & entertainment industry, Information & Broadcasting Ministry and global interests in this vibrant sector.
Media & Entertainment Division is an active division organizing the FICCI-FRAMES, conducting & releasing pioneering studies in the sectors, assisting in policy decisions and helping scale up the industry through various initiatives.
This division is guided by the chairman Mr. Uday Shankar and co-chairman Mr Ramesh Sippy.
a) Government Policies
FICCI's efforts led to a change in government policy whereby the Indian film sector was granted “industry” status.
Income tax rebate of 50% on profits: The Income Tax Act introduced in April 2002 allowed multiplexes tax rebate to the tune of 50% on book profits.
Tax holiday for 5 years: Several state governments are introducing exemptions from payment of entertainment tax. Maharashtra provides for a 100% tax holiday for 3 years, and 75% tax holiday for 5 years, without any limit in terms of capital investment.
Lowering of Entertainment Tax in various states: Entertainment taxes in various states of India have been lowered. Taxes in Karnataka are down to 30% from 40. FICCI is advocating for inclusion of entertainment tax in the proposed GST to streamline the taxation structure for the Film exhibition sector.
FICCI is working for the cause of Digitization in the M&E sector in India. Being a part of the cable- TV digitisation taskforce constituted by the Ministry of Information and Broadcasting, Govt. of India, FICCI has been actively working towards educating the stakeholders and building consensus among them to make digitize the cable-TV networks throughout India by the end of 2016.
FICCI spearheaded the 2nd Phase of Privatization FM Radio Broadcast Policy; the committee was chaired by Dr Amit Mitra, the then Secretary General, FICCI.
The TRP Report submitted by the TRP committee headed by Dr. Amit Mitra, the then Secretary General of FICCI is a valuable reference document to reform TV rating system in India.
FICCI has been instrumental in the formation of AVGC Task Force under the Ministry of Information and Broadcasting, Government of India to boost the growth of Animation, Visual Effects, Gaming, & Comic Industries in India.
FICCI along with National Skills Development Council (NSDC) has created Sector Skills Council for the M&E sector.
FICCI is currently assisting the government in the creation of Centre for Excellence in Animation, Visual Effects and Gaming.
FICCI-FRAMES have emerged as the foremost business conclave in the entertainment sector attracting almost every vital stale holder in the industry. It has emerged as the biggest event of its kind in Asia. For more information on FICCI FRAMES 2011 visit us at www.ficci-frames.com . Please visit the archives for the more information on the past years.
c) FICCI Media & Entertainment Business Conclave (MEBC)
We have been holding industry conclaves in various parts of the country every year including Chennai and Hyderabad. This has enabled the regional industries to showcase their work and talent on a bigger scale.
d) FICCI Best Animated Frames (BAF)
FICCI Best Animated Frames (FICCI BAF) has been created to encourage talent in the animation industry. An animation committee has been set up to help promote animation industry.
The following is the list of committees and forums formed under the aegis of FICCI
- FICCI Media & Entertainment Committee
- FICCI Media & Entertainment Business Conclave Committee
- FICCI Multiplex Association of India (MAI)
- FICCI Animation , Visual Effects , Gaming & Comics (AVGC) Forum
- FICCI Broadcast Forum
- FICCI Radio Forum