India Increases Filming Incentives to 40%, Raises Cap Limit to $3.5 million
variety.comNaman Ramachandran India has considerably enhanced incentives for filming in the country. The Indian federal government will reimburse up to 40% of qualifying production expenditure, up from the 30% level that was announced when the incentives were revealed at Cannes last year.
The cap limit for the reimbursement has also been significantly raised from a maximum of INR25 million ($300,000) to INR300 million ($3.5 million).
There is now an additional 5% percent bonus for significant Indian content. International productions that have been granted shooting permission by India’s ministry of information and broadcasting and ministry of external affairs (for documentaries only) after April 1, 2022 will be eligible for this incentive scheme.
The Incentives will be disbursed in two stages, interim and final. The final disbursement claim can be made once the project is complete in India.
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