India and China sign co-production treaty
The two massive film industries of India and China are set to forge closer links as a co-production treaty was signed last week.
The signing ceremony took place as part of the state visit to India of China’s President Xi Jinping. The paperwork was signed jointly by Prakash Javadekar, India’s Minister of Information and Broadcasting, and Cai Fuchao, China’s Minister of State General Administration of Press, Publication, Radio, Film and Television.
The official aim of the alliance between the two countries is to “pool their creative, artistic, technical, financial and marketing resources to co-produce films. It would help Indian audio-visual products to gain greater market access,” according to a statement from India’s Information and Broadcasting Ministry.
The inaugural meeting of the Joint Working Group on Films is to be held during the International Film Festival of India in November, at which China will be the focus country.