India keen to ink film co-production dealStaff writer ▼ | September 16, 2014
In a bid to make inroads into its growing film-viewing market, India is hoping to ink a film co-production agreement with China.
Movie The Information & Broadcasting Ministry
"Once signed, the agreement shall entitle films made under this umbrella to be regarded as national films in both the countries. This will entitle them to support and benefits like tax incentives, etc in both the countries," government sources said.
"Both producers will jointly own the copyright proportionate to their respective contributions and will jointly share the market revenues," sources added.
India already has similar film co-production agreements with Canada, Germany, France, Spain and few more countries. ■