Government sets up study group to strengthen film industry; Prasoon Joshi to lead team
GS3Economy · S&T · Environment · Security· Industry, investment & MSMEs· Mains·
Why in news
The Ministry of Information and Broadcasting formed a study group led by Prasoon Joshi to create a policy framework for the Indian film industry's growth and technological integration.
Background
The study group is tasked with assessing AI and virtual production impacts, funding accessibility, and institutional finance. It is expected to submit its comprehensive policy recommendations within three months of its formation.
Facts for Prelims
- BodyMinistry of Information and Broadcasting (MIB) is the nodal ministry for the Indian film and broadcasting sector
- PostPrasoon Joshi is the CEO of Prasar Bharati
- S&TVirtual production and AI are identified as key technological drivers for the film industry
For Mains
Q. Discuss the role of institutional finance and technological integration in transforming the Indian film industry into a global economic powerhouse.
Dimensions to cover in your answer
- Capital accessibility: Transitioning from informal private funding to structured institutional finance and venture capital
- Technological disruption: Balancing creative integrity with AI-driven production and virtual reality integration
- Regulatory framework: Need for a cohesive policy to protect intellectual property while fostering innovation
Keywords: Institutional finance · Technological integration · Policy framework · Economic growth · Intellectual property
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