He will be awarded at the closing ceremony of the gala here on Wednesday, Minister of Information and Broadcasting Rajyavardhan Singh Rathore announced on Monday.
"It's a privilege for IFFI to honour Salim Khan for his outstanding contribution to Indian cinema," Rathore tweeted.
As a master screenwriter, Salim is known for having penned the screenplay of several iconic films such "Deewaar" and "Zanjeer". He had a formidable partnership with celebrated writer Javed Akhtar.