Foreign Policy Watch: India-Australia

India, Australia Relations

Note4Students

From UPSC perspective, the following things are important :

Prelims level : NA

Mains level : India-Australia relations

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.

Why in news?

  • This is a great achievement for cultural cooperation between India and Australia.

Audio Visual Co-production Treaty

  • Audio visual co-production treaties are enabling documents which facilitate 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.
  • According to the co-production treaty, the respective contributions of the producers of the two countries may vary from 20% to 80% of the final total cost of the jointly produced work.

Need for such treaty

  • Australia has emerged as a preferred destination for shooting of Indian films.
  • India is fast emerging as a major content hub for film-makers looking for new projects.
  • India has abundance of exotic locations, talent pool and relatively cheaper cost of production, making India a favoured destination of foreign film-makers.

Significance of the treaty

  • The proposed agreement will boost ties with Australia, lead to exchange of art and culture, showcase the soft power of our country.
  • This will generate employment among artistic, technical as well as non-technical personnel engaged in audio visual co-production, including production and post-production work.
  • The use of Indian locations would increase the prospects of the country becoming a preferred film-shooting destination and also lead to inflow of foreign exchange.

 

UPSC 2023 countdown has begun! Get your personal guidance plan now! (Click here)

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments