The Indian Broadcasting Foundation (IBF), the apex organisation that represents the television broadcasting Industry in India, has announced the launch of The Indian Television Fest. The first edition will be held from November 2-3, 2012.
Uday Shankar, president, IBF, says in an official communiqué, "The Indian Television Fest is for the industry, by the industry, and of the industry. Designed over two days in Goa, it is the perfect opportunity for the young TV industry to network, exchange ideas and interact with professionals, entrepreneurs, and global experts from the entire value chain of television broadcasting. Festivals such as the Indian Television Fest is required to grow our industry to a Rs 1,00,000 crore industry. The moment is now!"
For the record, there are currently more than 600 TV channels in India, viewed by an approximate 500 million people. The industry's annual business realizes a turnover of an estimated Rs 30,000 crore ($6.6 billion), across the value chain of cable systems, programming houses, technology, energetic and creative talent.