The
Union Cabinet chaired by the Prime Minister Shri Narendra Modi 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.
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AKT/VBA/SH
