Chennai, May 15 (UNI) The British and Indian Governments have successfully completed negotiations for co-producing films through an agreement.
The agreement will enable British and Indian filmmakers to work together to co-produce films which will be eligible for national status in both countries, a release from British High Commission here today said.
As a direct result of the treaty, it is expected that ten Indo-British co-productions would be made within the first two years. The treaty will also contribute significantly to strengthening of skills in filmaking in both countries.
On signing the annex to the treaty today, British Deputy High Commissioner, Creon Butler said ''UK is seen as the world's number one market for Bollywood productions outside India''.
''With the UK-India film co-production agreement, the opportunities for Indo-British partnerships in the film industry are sure to increase.'' In Britain alone, more than 2.5 million people watched Hindi films in 2005 and Indian films accounted for over 16 per cent of all UK releases.
UK Trade&Investment was the lead government organisation that provides support for UK companies looking to develop international business. It also provides support for UK overseas companies wishing to invest in the UK. UK Trade&Investment has a wide range of services, backed-up by a network of trade advisors worldwide who can provide market intelligence, advice on regulations, sales leads, financial and practical support, the release added.
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