The Union Cabinet has approved the agreement on Audio Visual Co-Production India and Bangladesh.
Salient features of the Agreement:
The Agreement would cover co-production of films, documentaries, and animations films.
An audio-visual co-production made in accordance with the proposed Agreement shall be entitled to all the benefits which may be accorded to any national audio-visual work by both countries in accordance with their respective laws and regulations.
It will lead to exchange of art and culture among the two countries and create goodwill and better understanding among the peoples of both the countries.
Co-productions provide an opportunity to create and showcase our soft power.
It leads to generation of employment among artistic, technical as well as non-technical personnel engaged in the arena of Audio-Visual Co- production including post-production and its marketing, thus adding to the Gross Domestic Product (GDP) of both the countries.
The utilization of Indian locales for shooting raises the visibility / prospect of India as a preferred film shooting destination across the globe.
India has so far entered into audio-visual co-production agreements with Italy, United Kingdom, Germany, Brazil, France, New Zealand, Poland, Spain, Canada, China and the Republic of Korea.