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NEW
DELHI: India and Spain have signed an agreement which among other
things provides opportunities for both the countries to pool their
creative, artistic, technical, financial and marketing resources
to co-produce films.
The
Audio visual Co-production Agreement has been signed to improve
cooperation between the two countries in this sector. The agreement
was signed between Information and Broadcasting Minister Ambika
Soni and Jose Garcia Margallo Y. Marfil, Minister for Foreign Affairs
and Cooperation, Kingdom of Spain.
The
agreement establishes a legal framework for relations regarding
cooperation between the two countries in the audio visual field
thereby facilitating the development of the audio visual industry.
The framework for co production includes feature films, documentary
and animation films.
The
co-production would provide an opportunity to create and showcase
‘soft power’ of our country. It would also lead to generation
of employment among artistic, technical as well as non-technical
personnel engaged in the arena of film production including post-production
and its marketing, thus adding to the country’s GDP. The
utilisation of Indian locales for shooting raises the visibility/
prospects of India as a preferred film shooting destination across
the globe. It will also lead to inflow of foreign exchange into
the country and transparent funding of film production.
Currently,
as part of the initiative, the Government has signed co-production
agreements with Italy (2005), the United Kingdom (2005), Germany
(2007), Brazil (2007), France (2010), and New Zealand (2011).
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