India has instituted the 'Satyajit Ray Lifetime Achievement Award for Excellence in Cinema' to be given at the International Film Festival of India (IFFI) every year, starting from this year, to mark Ray's birth centenary celebrations. The award will consist of a cash prize of Rs 10 lakh, a certificate, shawl, along with a silver peacock medal and a scroll. India's Ministry of Information and Broadcasting will organise year-long centenary celebrations for Ray, starting from May 2, in India and abroad.

As part of the celebrations, the Ministry of Information and Broadcasting and Satyajit Ray Film and Television Institute (SRFTI) in Kolkata are planning a series of activities in collaboration with other ministries, including the Ministry of External Affairs and Ministry of Culture. However, in view of the pandemic, the celebrations will be held in a hybrid mode, with both digital and in-person arrangements.

The Indian Directorate of Film Festivals, Films Division and Ministry of External Affairs will be organising Satyajit Ray film festivals in India and abroad, where films and documentaries by and on Ray will be showcased. A special retrospective and screening of Ray's films is being planned at the 74th Cannes Film Festival this summer.

A special retrospective of Ray's films will be organized at the International Film Festival of India (IFFI) this year and it will later be travelling to prominent international and national film festivals.

India's Films Division will be creating a dedicated Satyajit Ray section at the National Museum of Indian Cinema in Mumbai. This section would host memorabilia from Ray's life in both physical and interactive digital versions, including the shots from his films and interviews.

National Film Archives of India (NFAI) will do restoration and digitisation of all the available films and publicity materials of Ray. NFDC will organise a film festival on its OTT platform, and cinema theatres of India, showcasing five of the maestro's films.

Satyajit Ray Film and Television Institute (SRFTI) in Kolkata will be unveiling a statue of the director at their campus. To promote understanding of the filmmaker's genius, a course on his work will be taught at the institute. A package of Ray's works for children that can be given to schools is also being developed.