Indian Government’s VFX Cash Rebates: A Game-Changer for Digikore Studios
Mumbai (Maharashtra) [India], May 8: Digikore Studios Limited.(NSE – DIGIKORE) is specialized in delivering Visual Effects (VFX) for a diverse range of projects. In a landmark move aimed at bolstering the country’s animation and visual effects (VFX) industry, the Indian government has unveiled a groundbreaking initiative to provide direct cash rebates to international projects utilizing Indian services. [...]
Mumbai (Maharashtra) [India], May 8: Digikore Studios Limited.(NSE – DIGIKORE) is specialized in delivering Visual Effects (VFX) for a diverse range of projects. In a landmark move aimed at bolstering the country’s animation and visual effects (VFX) industry, the Indian government has unveiled a groundbreaking initiative to provide direct cash rebates to international projects utilizing Indian services. This strategic manoeuvre is poised to catapult India’s VFX and animation sector into an era of unprecedented growth and global recognition.
Foreign productions availing pure animation post-production and visual effects services in India can receive up to 30% of the Qualifying Expenses (equivalent to 75% of the Contract Value) along with an additional 5% bonus for Significant Indian Content, with a maximum rebate capped at INR 300 million.