'Slumdog Millionaire', shot in India with Indian actors and musicians, is based on an Indian novel.
The film is said to have opened the doors of Hollywood to an industry that makes more than 1,000 movies annually, with over 3 billion tickets sold.
Recently, Bollywood filmmakers have signed a range of creative and commercial deals with Hollywood production houses, studios and stars.
All deals came as a result of a booming economy over the past five years, which made Indian moviemakers to dream about Hollywood.
And with 'Slumdog' winning eight Academy Awards, including Best Picture, there is a feeling that U S filmmakers will be interested in India, and that the U S will be hungry for Indian films.
"There is a natural synergy between the film industries in India and the U S India is a democracy, has a massive movie-going market and an open entertainment policy with no government restriction," the Washington Post quoted Amit Khanna, chairman of Reliance Big Entertainment, as saying.
Big Entertainment is the most aggressively expanding entertainment company in India, and has signed a 1.2 billion-dollar, debt-equity deal with Steven Spielberg's DreamWorks SKG for 36 movies over six years.