Expectations – Union Budget, USIBC

Category: Business

The US-India Business Council has urged the Indian government to implement production-linked incentives for the media and entertainment industry in the upcoming Union Budget, aiming to enhance India's position as a hub for content production. Recommendations include liberalizing the satellite communications sector, creating a level playing field for financial services, and developing a long-term plan for the Indian National Satellite System. The council emphasizes the need for ease-of-doing-business policies and a balanced intellectual property rights framework to support technology transfer and foreign direct investment.

Keywords: US-India Business Council, production-linked incentives, media and entertainment industry

Source: Communications Today

Update At: 7/23/2024

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