India

Screen Image and Sound (New Media) Sector Review

Definition and scale of sector

Why the sector was chosen in the West Midlands

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Art Attack - A Report from IBEF - December 2007

Indian artists have never had it so good. Each time the auctioneer’s hammer falls, Indian artists seem to strike gold. The one vital fact of these transactions is that not all buying is for the love of art alone but because of possible dividends they are likely to accrue in the future. Which is why, Indian artists across the spectrum, from the Masters to newbie’s are being lapped up. Indian auction house Osian’s – Connoisseurs of Art, totalled a turnover of nearly a million dollars for their Masterpieces series held earlier this year. Recently, Laila Khan Rajpal, one of India’s contemporary artists, saw her work sell for double the opening price at a London auction.

The windfall began ever since Tyeb Mehta’s painting ‘Mahisasura’ sold for $1.58 million at a Christie’s New York auction in September 2005. Just a day earlier at a Sotheby’s Indian sale, a Ram Kumar painting sold for $396,800. The revival of interest even saw Amrita Shergil’s painting, ‘Village Scene’ being resold at $1.7 million in the same year. It had been sold for around $27,000 in 1992.

Source: India Brand Equity Foundation (IBEF)

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When the majors come marching in - December 2007

When Walt DisneyCompany's Mark Zoradi came calling onIndia on April 2, he told India Now that Disney had identified India along withRussia and China as the target markets that would power the entertainment major's growth over the next decade.

Zoradi, president of Disney's film distribution arm, Buena Vista International, said the company had lined up a series of multi-strategy investments over the next three years.

The $30 billion entertainment conglomerate's plans included Buena Vista and its sister brand Touchstone lining up a slew of high-profile movie releases for India, almost coinciding with the releases in the US.

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Source: India Brand Equity Foundation (IBEF)

Film Post Production Familiarisation -Visit to Mumbai- UKTI - November 2007

The familiarisation visit to Mumbai, India which took place from the 15-23rd November 2007 was the first organized market visit to the region by elements of the UK film and broadcast post production industry. The visit was led by Keith Moses, ITA, London International Trade Team, with some funding from the Market Visit Scheme. 12 delegates from the London region took part in the visit. The delegation comprised of Warner Bros Entertainment, Skillset, Audio Networks, Ascent Media, Soho Editors Training, Men from Mars, Scrub//HHB, Evolutions TV, CGX, AKA Design, and The Club. Four of these companies used OMIS to identify contacts ahead of the visit.

Source: UK Trade & Investment

FOR THE FULL REPORT PLEASE CLICK HERE

Media and Entertainment - Overview from IBEF - August 2007

The Indian Media and Entertainment sector is poised to enter a golden era. One of the largest markets in the world, the industry is seeing strong growth and has the potential to garner US$ 200 billion by 2015.

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Source: India Brand Equity Foundation (IBEF)

Creative and Media Sector Review - June 2007

 The contemporary creative industries in India are intricately connected to the information, communication and entertainment (ICE) sectors of the economy, and are considered to be a part of the growth sectors of the Indian economy.

These industries are known to be very receptive to overseas expertise and technologies so as to add value to the content of their outputs or to increase the efficiencies of their production and distribution processes. Thus there is a large business opportunity (in terms of equipment sales, knowledge and technology transfer, marketing and distribution arrangements, project management and consulting, software development, and others) to be exploited. In addition to several UK companies, USA, Japan, Canada, France & Germany, Singapore, Malaysia and Australia are all present in the market and working at tapping a sizeable portion of these opportunities.

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Opportunity in India - June 2007

India is an obvious “potential” market for any UK company considering exports. But it is important that it is seen as a very sophisticated market. It has a middle class of 300 million people who want access to all the products common to the UK High Street.  They may not yet have the purchasing power to buy at UK prices, but they do have the capability to enter into partnerships to produce locally at local prices. 

This report highlights on the opportunities and expressed need in Indian Economy for all these trade clusters:

• Screen, Image and Sound (media)
• Transport Technologies (aviation, automotive, infrastructure)
• Medical Thighlights serve vsvechnologies (biotech & pharmaceuticals; healthcare)
• Business Professional Services (education & training, insurance, tariffs)
• Tourism and Leisure (heritage & restoration, travel and tourism)
• Food and Drink
• Information Communication Technologies (telecom)

The above highlights serve to illustrate the fact that India is ready to do business in almost every sector. It is a market, which is set to continuing growing for at least another 30 years as a result of its own demography. 

Source: UK Trade and Investment

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Source: Price Water House Coopers

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