India, Australia to sign film treaty

It is expected to have inflow of foreign exchange.

It is expected to have inflow of foreign exchange. | Photo Credit: V. Sreenivasa Murthy

The Union Cabinet has approved the signing of an Audio Visual Co-production Treaty between India and Australia, which is aimed at facilitating joint production of films between the two countries.

“Audio visual co-production treaties are enabling documents which facilitate co-production of films between two countries,” said the government in a statement, adding that under such umbrella agreements, private, quasi-government or governmental agencies enter into contracts to produce films together.

India has so far signed 15 audio visual co-production treaties with other countries. “Australia has emerged as a preferred destination for shooting of Indian films. India is fast emerging as a major content hub for film-makers looking for new projects. India has abundance of exotic locations, talent pool and relatively cheaper cost of production, making India a favoured destination of foreign film-makers,” it said.

More jobs

According to the co-production treaty, the respective contributions of the producers of the two countries may vary from 20% to 80% of the final total cost of the jointly produced work. “The proposed agreement will boost ties with Australia, lead to exchange of art and culture, showcase the soft power of our country and lead to generation of employment among artistic, technical as well as non-technical personnel engaged in audio visual co-production, including production and post-production work,” said the government.

The use of Indian locations would increase the prospects of the country becoming a preferred film-shooting destination and also lead to inflow of foreign exchange, it said.

Our code of editorial values

Related Topics
  1. Comments will be moderated by The Hindu editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.

Printable version | Aug 11, 2022 1:36:33 am |