Speaking at the Confederation of Indian Industry, Big Picture Summit 2013 in New Delhi, he said that the government is putting in place processes to make the e-auction as transparent as possible.
Tewari said the government will provide all necessary help to media and entertainment industry by providing infrastructure to reach 100 billion dollar landmark.
He said the Government believes in the potential of the industry and it has the capacity to unlock creative potential of the people.
The Minister said that the Justice Mudgal Committee report to overhaul the present Cinematograph Act is expected to come by mid October this year after consultations with all the stakeholders.
Commenting on the need of a stable regulatory system for the sector, Tewari said : "The government believes in persuasion rather than regulations while dealing with media."
Complementing the robust double digit growth of media and entertainment industry in the last few years, he said that in the backdrop of the economic slow down the growth is a good achievement.
Touching upon the new media sector he said it has enormous power and is unregulated.
He called on the industry to explore the potential of social media.
--IBNS (Posted on 14-09-2013)