(MENAFN- Qatar News Agency) India and Spain on Friday signed an Audio -Visual Co-production Agreement to improve exchanges between the two countries in the audio visual sector, the state-owned Press Information Bureau (PIB) reports.
India's Federal Minister for Information and Broadcasting Ambika Soni and Kingdom of Spain's Minister for Foreign Affairs and Co-operation Jose Garcia Margallo Y. Marfil signed the Agreement.
The Agreement establishes a legal framework for co-operation between the two countries in the audio visual sector and facilitate its development. The framework for co-production includes feature films, documentary and animation films.
The Agreement provides opportunities for both the countries to pool their creative, artistic, technical, financial and marketing resources to co-produce films.
The co-production would provide an opportunity to create and showcase 'soft power' of India and it would also lead to generation of employment among artistic, technical as well as non-technical personnel engaged in the arena of film production including post-production and its marketing, thus adding to the country's GDP, the PIB report said.
Currently, as part of the initiative, the Government of India has signed co-production agreements with Government of Italian Republic in 2005, with Government of UK of Great Britain and Northern Ireland in 2005, with Federal Republic of Germany in 2007, with Federal Republic of Brazil in 2007, with Republic of France in 2010, with Government of Republic of New Zealand in 2011 and with Government of Republic of Poland earlier this year.
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