Gamperaliya was regarded as the best film and it was awarded to its producer Anton Wickremasinghe. The best film, best director, best script-writer, best actor and best actress were honoured that day. The first Sarasaviya Awards Festival had as entries not only the films screened in 1963 but also the films screened from 1960 to 1963. The year 1960 is seen as the beginning of the golden era of Sinhala cinema. Yet the mainstream consisted of simulations of Indian productions. By then a series of good Sinhala films like Podi Putha, Rekhawa, Sandeshaya, Ranmuthuduwa, Kurulubedda, Sikurutharuwa and Gamperaliya had appeared on screen. The first Sarasaviya film festival was held on at the Asoka Cinema Hall, Colombo, 17 years after the first Sinhala film screened. There was no need to go to India to make films any more and the era of Indian artistes too had ended.
The Sarasaviya film awards ceremony began in 1964 at a time when the local cinema was trying to shed its South Indian orientation and establish an indigenous identity.
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