Indian films competing for Oscars may get Rs 1 crore

May 23, 2016 17:00

An Indian film competing for Oscars may get around Rs 1 crore while those in contention for an award at Cannes or Venice may get around Rs 50 lakh, as the I&B ministry is planning to create a fund to support Indian film-makers bid to gain recognition abroad.

In another move to promote India as a film shooting destination, the ministry has approached home and external affairs ministries, seeking a special category visa for foreign film-makers who want to examine locales in the country.

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