STAR India CEO Uday is the new Chairman of FICCI’s Media and entertainment Committee. This position was earlier held by the legendary filmmaker and thought leader, Yash Chopra, who passed away this year in October. Man Jit Singh, CEO at Multi Screen Media and President of the Indian Broadcasting Foundation, will now be the new Chairman of the Broadcast Forum. Shankar will be supported by Ramesh Sippy and Karan Johar as the Co-Chair of the Committee.
Shankar has been the Chairman of the FICCI Broadcast Forum and has led the Forum on some seminal work towards broadcast digitization along with TRAI and the Ministry of Information & Broadcasting.
FICCI said in a statement that it looks towards Shankar’s vision, rich and varied experience and deft leadership to take the formidable Indian media and entertainment industry to newer heights. On taking over as the Chairman, Shankar said that he would work with all industry stakeholders closely to formulate an agenda for sustained growth of the burgeoning entertainment sector and keep up regular and meaningful dialogue with policy makers.
The FICCI Entertainment Division serves a vital link between the media & entertainment industry, Information & Broadcasting Ministry and global interests in this sector. It has been responsible for achieving milestones such as the accordance of ‘industry’ status to the Indian film sector; income tax rebate to the extent of 50 per cent on book profits to the multiplexes; tax holiday for five years by state governments to give concessions or exemptions from payment of entertainment tax and spearheading the second phase of privatization of FM Radio Broadcast Policy.