[icernet] 'Low taxes can attract UK producers to Bollywood'

[Arul Selvan]

British film producers will invest in Bollywood if the taxes on the 
entertainment industry in India are lowered and insurance cover is 
provided to them, Michael Fox, director of Commonwealth Film Festival 
Limited (CFFL) has said.

Stating that he has interacted with Indian financial institutions and 
bankers for constituting a Commonwealth Film Investment Fund (CFIF), he 
said that the film world of commonwealth countries including India need 
huge funds to compete with the USA, and the corpus of this fund is 
expected to be around 500 million dollars.

Source:
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