The Indian Music Industry (IMI) & Indian Singers Rights Association (ISRA) Sign A Historic Pact Between Record Labels, Singers & Musicians —

The Indian Music Industry (IMI), the apex body representing all music labels in India, and the Indian Singers Rights Association (ISRA), the apex body representing all singers in the country, have signed an agreement between member labels of ISRA and IMI. Due to this agreement, all the record labels, singers, and musicians will be greatly benefited at the pan India level, and all the stakeholders of the entire music system associated with the Indian music world will get a lot of opportunities to move forward.The IMI and the ISRA express their immense praise, acknowledgement, and gratitude for Hon. Commerce and Industry Minister Mr. Piyush Goyal for his unconditional support to the artist community and the music industry, and look forward to working with Shri Goyal and DPIIT to ensure that the industry unlocks its full potential and realises the dream of the Hon. Prime Minister of India to encourage Indian music and strengthen this soft power of the country.Expressing his happiness, President of the Indian Singers Rights Association (ISRA), Padma Shri Anup Jalota, said, “I would like to thank the Government of India, especially Mr. Piyush Goyal, without whose help this contract would not have materialized. On this special occasion, I would like to wish everyone here the best of luck and hope that this contract will benefit the entire music world."Vikram Mehra, President, IMI and Managing Director, Saregama, said, “India is also recognised globally for its musical diversity. If the Indian music industry has to gain a foothold in the world, it is important that all stakeholders work together to achieve this goal. We've all seen the positive results of working with musicians, songwriters, and publishers. I'm sure the results will be just as positive when performers and sound recording owners work together."Mr. Sanjay Tandon, Founder, Director & CEO, Indian Singers Rights Associations (ISRA) said, “It gives me immense pleasure to see that Tamasam record label and all artistes are finally making a concerted effort. This will greatly benefit the music industry. This historic agreement is great news for all."Speaking on the occasion, Blaise Fernandes, President & CEO, Indian Music Industry, said, “This historic agreement will go a long way in helping the Indian music industry to become one of the 10 largest music industries in the world. If we work towards the same goal, then the results will be good, and this has been happening all over the world."