Ministry of Information and Broadcasting, Government of India, has launched Incentive Schemes for International Productions in India for live shoots as well as for Animation, Postproduction and Visual Effects services and for Official Coproductions with foreign countries.

Under the Incentive Scheme for Production of Foreign Films in India, for all qualifying projects, the Indian Service Company on behalf of the International Production can claim a cashback incentive of upto 30% on Qualifying Expenditure in India. Apart from that a 5% bonus can be claimed for employing 15% or more Indian manpower and an additional bonus of 5% for Significant Indian Content. The incentive is subject to a maximum cap of INR 300 Million (USD 3.6 Million approximately). International productions that have been granted permission by the Ministry of Information & Broadcasting and Ministry of External Affairs (for documentaries only) shall be eligible.

Pure Animation Postproduction and Visual Effects services undertaken in India for Foreign Productions can claim upto 30% of the Qualifying Expenses (75% of Contract Value) plus an additional bonus of 5% for Significant Indian Content subject to a maximum of INR 300 Million. No prior permission is required for such projects. Indian Service Company apply for interim approval on signing of Contract..

Under the Incentive Scheme for Audio Visual Coproduction, for all qualifying projects, the Indian Co-producer can claim a payable cash reimbursement of up to 30% on Qualifying Expenditure in India subject to a maximum of INR 300 Million (USD 3.6 Million approximately). The project must have been granted a “Co-Production” status by the Ministry of I&B and the participating country(ies), under one of India’s official bi-lateral co-production treaties on Audio-Visual Co-production.

India has Audio Visual Co-production treaties with 16 countries.
https://www.ffo.gov.in/co-productions/international-treaties