Mumbai:12/3/19:The Secretary, Ministry of Information & Broadcasting, Shri Amit Khare has said that the Indian Media & Entertainment sector is very important, since it generates millions of jobs, generates significant revenues and is growing at a fast rate. He said that the sector has a big role in enhancing India’s image on the global stage. The sector is led by the private sector. In view of the above, the role of the Government has been that of a facilitator, not that of a regulator. He was speaking at the opening session of FICCI Frames 2019, delivering the keynote address at the 20th edition of the three-day conference, in Mumbai today. The theme of the conference is ‘FRAMES @ 20: Global Goes India’.
Speaking specifically of the broadcast sector, the Secretary said that less regulation is better than more regulation, and self-regulation than regulation by the Government. He said that self-regulation and less regulation complement each other very well, if the regulation is spelt out in clear and unambiguous terms.
he Secretary briefed the audience about steps being taken by the Government in order to encourage the growth of the sector , and to help the sector better realize its potential. He said that forums such as FICCI Frames are very helpful, in enabling interaction among various stakeholders engaged and interested in the sector.
The FICCI – EY Knowledge Paper on the M&E industry in India and Cyril Amarchand Mangaldas Law Book were launched by the Secretary and other dignitaries on the occasion.Chairman and CEO, Motion Picture Association of America, Mr. Charles H. Rivkin said that he sees a marvel of creativity in Bollywood. He is a big fan of India’s film & TV entertainment industry. He said that MPAA wants to partner with the country in many mutually beneficial ways. Noting the disparity between films produced and screens where they can be shown, he stated that building more screens can be a game changer for the sector.Vice President, FICCI, Mr. Uday Shankar said that India is one of the most exciting markets for the M&E industry. Emphasizing that the Indian media story has just begun, he said that the sector can play a crucial role, perhaps more than any sector, in realizing national aspirations.Secretary General, FICCI, Mr. Dilip Chenoy gave the concluding remarks for the opening session