VFX and Animation Incentives in India

  • Unlock Financial Benefits through Partnership with Horseman FX


Eligibility & Incentive Details

Who Can Apply?

  • Foreign Studios collaborating with an Indian VFX/Post-Production company.

  • Meet minimum expenditure threshold INR 1 crore (approx 120,000 USD)

  • Indian studio submits application on behalf of the foreign studio.

Benefits?

  • Reimbursement of up to 30% of Qualifying Production Expenditure (QPE).

  • Maximum payout of ₹30 crore (approx. 3.6 million USD).

QPE: Qualifying Production Expenditure

  • Costs directly related to VFX, animation and post-production services performed in India and paid by the international agency specific to a project.

  • Artist fees, equipment rentals, software licenses, etc.

Process Overview?

  • Interim Approval - Apply within 1 month of signing the contract. Valid for 12 months.

  • Final Approval - Apply within 90 days of project completion.

  • Disbursal - 90% after final approval; 10% after credit submission.


Maximum Savings With Horseman FX

  • 9+ years of experience

  • TPN+ Gold Shield accreditation

  • One stop-shop for VFX Services

  • Team of 100+ artists

  • Competitive Rates

FAQs

1. Is the process complex?

  • Process is straightforward, with Horseman FX managing the heavy lifting.

  • Horseman FX handles paperwork, audits, and coordination with the Film Facilitation Office (FFO), India.

  • The reimbursement goes directly to the Indian studio, reducing complexity for the foreign partner.

2. How long does the reimbursement take?

90% after final approval, 10% after credits and affidavit submission.

3. What if the project changes mid-way?

Schedule adjustments can be communicated to the FFO to ensure flexibility.

4. What is the Indian government incentive budget for financial year 2024-2025?

INR 150 crore (approx 18 million USD)

Contact

  • Contact us for a project consultation

  • Customized cost breakdown

  • Ensure maximum savings