Need to have a National Media Policy in India
The condition of Indian Film Industry is more poor than any where in the world. The world's total expenditure on Filmed entertainment amounts to 80 million USD as of year 2009. The Hollywood receives 90 - 95% out of it. But when one looks on the Indian Film Industry, it makes up only about 1.8 million USD which is the only 2% . Indian Film Industry continues to be plunged by various endemic issues such as shadow finance, shortage of truely groomed creative & management talents, piracy & high taxation rates etc. These shortcomings seriously affect a genuine investor's ability to find a perdictable & profitable business model in our Film Industry.
We strongly need a National Policy on Media which can make a comprehencive policy addressing various emergent issues related to Indian Medi Industry & can formulate various regulatory directions based on the ground realities & future development. This is the need of the hour. Otherwise the existing situation will going to be more messed up with numerous functionaries.
This is what I being a Filmmaker strongly feel.
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