Explanation:

India has been chosen as first Country of Honour ever at Cannes Film Market.

• India will be the official Country of Honour at the upcoming Marche’ Du Film, organized alongside the 75th edition of Cannes Film Festival, in France.
• It is the first time the Marché du Film has an official Country of Honour, and this special focus will continue annually with different nations in the spotlight at future editions.
• Notably France and India are marking 75 years of their diplomatic ties.
• India is also a “Country of Honour at the Cannes Next, under which 5 new Start Ups would be given an opportunity to pitch to the Audio-Visual Industry.

Marché du Film

• The Marché du Film (literally meaning Film Market) is the business counterpart of the Cannes Film Festival and one of the largest film markets in the world.
• Established in 1959, it is held annually in conjunction with the Cannes Film Festival.

Hence only statement 2nd is correct.