did not reflect indian culture this from the worlds largest film industry on the threshold of becoming a global phenomenon despite the frenzy over bollywoods global reach there remains a lot to be done before the industry could take on competition worldwide to begin with it has to hone its act at home it makes colossal losses on the nearly 200 films produced each year despite the industry status which allows institutional funding for films there are obscure guidelines on funding the industry says bankers dont take enough risks its surprising they take risks at all given the substandard entertainment we get in the name of films there are no large studios piracy is rampant with no clear ipr laws and entertainment tax is prohibitive and bollywoods list of woes is endless leading filmmaker yash chopra says he wants to open an office in china but cant do so without the governments help its no consolation then when a laloo yadav invites filmmakers to shoot in bihar with its abysmal infrastructure or when an amar singh announces amitabh bachchan as brand ambassador for uttar pradesh incidentally its the starstruck messrs singh and yadav who have agreed to do special roles in bollywood films its time politicians and stars graduated to lead roles