Mauritius lures Bollywood with 30% rebate scheme
It is a happy Divali indeed for the Indian film fraternity as Mauritius launches a 30% rebate scheme to attract film-makers, especially from Bollywood, to shoot in the picturesque island nation. (Image: business.mega.mu)
A popular tourist destination with its exotic locales and breathtaking scenery, Mauritius has launched a 30% rebate scheme to attract film-makers, especially from Bollywood, to shoot in the picturesque island nation. This is an important economic move as the film industry brings in an estimated Rs 1 billion annually in foreign exchange to Mauritius.
The Film Rebate Scheme allows for a 30 per cent refund on all the Qualifying Production Expenditures (QPPE) incurred by all film producers in respect of their projects in Mauritius and puts the island nation at par with other destinations like Malaysia and Abu-Dhabi
The scheme was launched last week by the island nation’s Vice Prime Minister and Minister of Finance and Economic Development, Xavier-Luc Duval, and Minister of Arts and Culture, Mookhesswur Choonee, in the presence of Bollywood Actor Jackie Shroff.
Duval said that besides the foreign exchange consideration in promoting the film industry, this move is also expected to generate employment for SMEs, designers, artists, hoteliers, with significant beneficial spillover effects on other sectors like tourism, trade, travel, transport and retail.
The Board of Investment in Mauritius has recorded an increasing number of potential interests from local producers as well as production houses from China, South Africa and India. So far, expressions of interest have been received mostly by Indian producers.
Jackie Shroff stated that Mauritius should start producing movies with a specialised school offering courses on script-writing and editing as well as crash courses on film-making.
Bollywood will be one of the foremost beneficiaries of this scheme, with 198 films, commercials and serials from India having been shot in Mauritius since 1977.
Source: Economic Times