UK-India film co-production agreement to come into force
In the UK more than 2.5 million people went to see Hindi films in 2005 and Indian film accounted for over 16% of all UK releases. The UK and Indian Governments have successfully completed negotiations, which will enable the UK-India film co-production agreement to come into force. The treaty will enable UK and Indian filmmakers to work together to co-produce films that will be eligible for national status in both countries.
As a direct result of the treaty it is expected that 10 UK-Indian co-productions will be made within the first two years. The treaty will also contribute significantly to the strengthening of the skills base in both India and the UK.
On signing the annex to the treaty today British Deputy High Commissioner, Creon Butler said “The UK is seen as the world’s number one market for Bollywood productions outside India.
The main body of the agreement was signed in New Delhi on 5 December 2005. Negotiations on the detailed annex to this agreement have now been completed by officials. The agreement will come into force shortly, once constitutional procedures have been completed in both countries. The treaty with India will be the 7th of the UK’s bi-lateral co-production treaties. Over 400 co-production films have been over the last 7 years, including over 140 minority UK co-productions, with an average UK expenditure of 35% which is worth over £1 billion to the economy.
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