(The Gist of PIB) Cabinet approves Merger of Five Film Media Units
(THE GIST OF PIB) Cabinet approves Merger of Five Film Media Units
Cabinet approves Merger of Five Film Media Units
Union Cabinet has approved Merger of Five Film Media Units, namely Films Division, Directorate of Film Festivals, National Film Archives of India, and Children’s Film Society, India with the National Film Development Corporation (NFDC) Ltd.
The merger of Film Media Units under one corporation will lead to convergence of activities and resources and better coordination, thereby ensuring synergy and efficiency in achieving the mandate of each media unit.
Films Division, a subordinate office of M/o Information and Broadcasting was established in 1948, primarily to produce documentaries and news magazines for publicity of Government programmes and cinematic record of Indian history.
Children’s Film Society, India, an autonomous organisation, was founded in 1955 under the Societies Act with the specific objective of providing children and young people value-based entertainment through the medium of films.
National Film Archives of India, a subordinate office of M/o Information and Broadcasting was established as a media unit in 1964 with the primary objective of acquiring and preserving Indian cinematic heritage.
Directorate of Film Festivals, as attached office of M/o Information and Broadcasting was set up in 1973 to promote Indian films and cultural exchange.
NFDC is a Central Public Sector Undertaking, incorporated in the year 1975 with the primary object of planning and promoting an organized, efficient and integrated development of the Indian Film Industry.
The Union Cabinet also approved the appointment of a Transaction Advisor and Legal Advisor to advise on the transfer of assets and employees and to oversee all aspects of operationalization of the merger.