Business FICCI recommends tax incentives for movie theatres Updated : June 30, 2019 08:26 PM IST In its budget recommendation, the movie theatre industry body has said that although India is the world's largest producer of movies, its film exhibition industry is largely untapped. It has sought clarity over the the definition of 'royalty' pertaining to sale, distribution or exhibition of cinematographic films. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.