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Source: The post is based on the article “India, Australia to sign film treaty” published in The Hindu on 10th August 2022.
What is the News?
The Union Cabinet has approved the signing of an Audio Visual Co-production Treaty between India and Australia which is aimed at facilitating joint production of films between the two countries.
What is Audio Visual Co-production Treaty?
Audio visual co-production treaties are enabling documents which facilitate the co-production of films between both countries.
Under such umbrella agreements, private, quasi-government or governmental agencies enter into contracts to produce films together.
India has so far signed 15 audio-visual co-production treaties with other countries.
What is the significance of this treaty with Australia?
The treaty will boost ties with Australia, lead to an exchange of art and culture and showcase the soft power of our country.
This will also generate employment among artistic, technical as well as non-technical personnel engaged in audio-visual co-production, including production and post-production work.
Moreover, the use of Indian locations would increase the prospects of the country becoming a preferred film-shooting destination and also lead to an inflow of foreign exchange.
