Indian film producers sign pact to collaborate with Canadian counterparts
An agreement has been recently signed between India and Canada that would allow film producers in both countries to share resources on joint film and TV projects.
India, and its giant Bollywood film industry, from July 1 became the 54th country to have an official co-production treaty with Canada, the Hollywood Reporter reported.
The agreement would permit film producers in both countries to tap into various incentives and tax breaks offered by both the governments.
The India-Canada co-production treaty being enacted follows a diplomatic push by the ruling Conservatives in Ottawa to see a first-time film treaty help draw votes from Indo-Canadian communities in Vancouver, Toronto and Montreal, and the British Columbia and Ontario provincial governments subsidized Indian film award shows here in recent years.
(Posted on 03-07-2014)