Saturday August 18, 2018
Home Lead Story UAE Based Ari...

UAE Based Aries Group to Produce 1000 Regional Films Under Project Indywood

Biju Majeed will direct the film, whose script is written by K. Shibu Raj. P.C. Lal will wield the camera and Biju Ram will compose the music for the film, which would be shot in Kerala and completed in one schedule.

0
//
30
UAE-based Aries Group on Saturday announced it will use its Corporate Social Responsibility (CSR) funds to produce 1,000 regional films in the next five years under its
UAE based Aries Group will use CSR funds for the films. Pixabay
Republish
Reprint

UAE-based Aries Group on Saturday announced it will use its Corporate Social Responsibility (CSR) funds to produce 1,000 regional films in the next five years under its “Project Indywood”.

The project will be launched with the pooja of a film titled “Aickkarakonathe Bhishaguaranmaar” at Punalur near here on Sunday, said Aries Group Chairman and CEO Sohan Roy.

“‘Aickkarakonathe Bhishaguaranmaar; will mark the launch of Project Indywood’s ambitious plan to produce 1,000 regional movies in India in the next five years. Besides prominent actors from the industry, twenty talents discovered through the national-level auditions conducted by Indywood Talent Hunt will play important roles in the movie,” he told media here.

UAE-based Aries Group on Saturday announced it will use its Corporate Social Responsibility (CSR) funds to produce 1,000 regional films in the next five years under its "Project Indywood".
The shooting of the films will take place in Kerala. Wikimedia commons

Biju Majeed will direct the film, whose script is written by K. Shibu Raj. P.C. Lal will wield the camera and Biju Ram will compose the music for the film, which would be shot in Kerala and completed in one schedule.

Bishops Resign in Chile: Mass Resignations of Catholic Bishops in Chile Over Sex Scandal

Roy, a Kerala-born marine engineer-turned-film director, shot to international acclaim in 2011 with his film “DAM999” which was selected for the Oscar race that year in three categories – Original Song, Original Score and Best Picture.

Though “DAMA999”, which tells the tale of a cracking dam built during colonial rule and how it impacts nine characters, failed to secure a place in the final nomination list of the 84th Academy Awards, it bagged two honorary awards at the Global Music Awards held at California. (IANS)

Click here for reuse options!
Copyright 2018 NewsGram

Next Story

A Chit Fund Scheme By KSFE Will Be Inaugurated By CM In UAE Next Month

Programme enables person who joins to complete every process online

0
A Chit Fund Scheme By KSFE Will Be Inaugurated By CM In UAE Next Month
A Chit Fund Scheme By KSFE Will Be Inaugurated By CM In UAE Next Month, flickr

The Kerala government’s dream programme to raise money from its diaspora through “chitties”, or a chit fund scheme launched by state-run Kerala State Financial Enterprise (KSFE), will be inaugurated by Chief Minister Pinarayi Vijayan in UAE next month, Finance Minister Thomas Issac said on Monday.

In an interaction with editors of the Kerala media, he said all the requisite permissions have been obtained from all authorities.

“This programme was initiated by the previous UDF government and the permission to go ahead came at its fag end. After we came to power, we took this forward and all permissions and sanctions are ready and all those diaspora who wish to participate in it can join,” said Issac.

“On June 12, Vijayan will launch the registration process and all those who wish to enter the scheme can register in the KSFE site. Once Vijayan launches the programme in UAE, next month, the chitty scheme will be open,” he added.

Coins
Coins, Pixabay

KSFE Chairman Philipose Thomas said to start with, those who wish to participate can contribute monthly as low as Rs 3,000 to a high of Rs 25,000.

“The duration of the chitty given the nature of the job scenario in the Middle East is kept from a minimum of 30 months to a maximum of 60 months. Once a diaspora member joins he can pay the monthly contribution through his non-resident ordinary account and at the end of the chitty term, the payment will be made to his non-resident ordinary account,” he said.

“The programme enables each person who joins the chitty to complete every process online, which includes even bidding, and at the end of the period, the money will be credited into their bank account. Every aspect of the online process has been tested,” said Unni Krishnan who heads the technology division of the chitty scheme.

The entire programme is being handled by the Kerala Infrastructure Investment Fund Board, a government-owned financial institution meant to mobilize funds for infrastructure development outside state revenue.

Its Chief Executive K.M. Abraham, who is a former state Chief Secretary, said that no one needs to donate anything, but only to join a chitty where the money collected will be deposited in bonds and used for the state’s development needs.

“At the end of the chitty, it’s a win-win situation for both the person who joined the chitty and for the state government,” he added.

Kerala CM, Pinarayi Vijayan with PM Narendra Modi
Kerala CM, Pinarayi Vijayan with PM Narendra Modi, flickr

Also read: Reliance home finance celebrates 46 growth in income

According to the latest study report on the diaspora, 90 per cent of 23.63 lakh Keralites aboard are in the various Middle East countries, of which UAE accounts for 38.7 per cent, followed by Saudi Arabia with 25.2 per cent. (IANS)