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The
ministry
of
information
and
broadcasting
is
working
on
a
proposal
to
set
up
a
mega
movie
production
studio
—
akin
to
those
in
Hollywood
—
with
an
investment
of
Rs
10,000
crore
(Rs
100
billion),
which
will
be
supported
by
the
government.

This
would
generate
over
1
million
additional
jobs
in
the
entertainment
industry.

Of
this,
at
least
500,000
jobs
could
be
high-quality
ones
with
salaries
over
Rs
50,000
to
Rs
300,000
a
month.

It
will
also
help
in
making
India
a
global
hub
for
post
production
of
movies
across
the
world.

A
senior
official
in
the
ministry,
elaborating
on
the
plan,
said:
“Hollywood
has
over
10
mega
studios,
but
the
largest
in
India
is
Ramoji
Film
City
in
Hyderabad.
There
is
huge
potential
for
creating
jobs
in
the
movies
and
entertainment
industry
by
building
a
mega
studio
in
the
country.
This
can
push
employment
in
the
sector
from
2.5
million
currently
to
3.5
million,
which
is
a
huge
jump.
That
is
our
focus.”

The
official
also
added
that
such
a
studio
will
require
a
minimum
200
acres
of
land
and
an
investment
of
Rs
10,000
crore
(Rs
100
billion).

The
main
challenge
he
said
is
the
capex
and
government
support
in
capex.

The
government
has
provided
capex
in
many
areas
like
for
building
fabs
and
expanding
wagons
for
railways,
among
others.

To
put
into
perspective,
Ramoji
Film
City,
according
to
estimates
in
wiki,
has
1,200
employees,
over
8,000
agents
and
is
a
key
tourist
destination.

It
tackles
over
400
to
500
films
each
year,
with
a
capacity
to
handle
over
15
shoots
a
day,
spread
over
1,600
acres
of
land.

The
Indian
media
and
entertainment
industry
ended
2023
at
Rs
2.3
trillion,
a
growth
of
8
per
cent
over
the
previous
year.

It
is
expected
to
hit
Rs
3.08
trillion
by
2026,
according
to
a
report
by
FICCI-E&Y
released
this
March.

The
industry
created
200,000
hours
of
content
last
year.

I&B
Minister
Ashwini
Vaishnaw,
during
the
curtain
raiser
of
the
World
Audio
Visual
and
Entertainment
Summit
(WAVES
2024)
recently,
had
said
that
a
big
focus
of
the
government
will
be
to
create
more
employment
in
the
media
and
entertainment
sector.

WAVES
will
be
held
along
with
the
International
Film
Festival
of
India
in
Goa
in
November.

Speaking
on
the
occasion
he
pointed
out
that
currently
there
are
2.5
million
jobs
in
this
industry
which
can
be
significantly
increased
and
that
will
be
done
through
some
“structural
and
process
effort.”

As
technology
marches
ahead,
Vaishnaw
said
it
also
brings
in
new
opportunities,
which
India
has
to
harness
to
create
more
jobs.

He
also
said
the
role
of
public
policy
is
to
harness
the
best
out
of
this
structural
change
and
one
should
be
able
to
support
the
people
and
the
industry
in
coping
with
the
change
in
technology.

Game
Plan

• Expected
  to
  create
  over
  1
  million
  additional
  jobs
• To
  help
  make
  India
  into
  a
  global
  hub
  for
  post
  production
  of
  movies
• Such
  a
  studio
  will
  require
  minimum
  200
  acres
  of
  land
• Main
  challenge
  is
  capex,
  which
  might
  be
  supported
  by
  the
  government