India signs treaty with Poland
By Patrick Frater
Mon, 09 July 2012, 08:30 AM (HKT)
India has signed a film and TV co-production treaty with Poland.
Described as an "Audio visual Co-production Agreement", the pact lays out a framework for the financial arrangements, the sharing of honours and prizes and the treatment of co-produced films as locally produced by each country.
Signed in Warsaw by India's Information & Broadcasting minister Ambika SONI and Poland's Minister of Culture and National Heritage, Bogdan Zdrojewski, the deal remains in force for an initial five year period.
The agreement specifies the need for both co-producers to make effective contributions to the film and says that the financial contribution of the minority partner should normally be not less than 20% of the budget.
"One of the key highlights of the agreement is the coverage of filming and animation work, including the storyboard, layout, key animation and in between as well as sound recording. The purview of the agreement also covers laboratory processing activities and facilitates movement of film equipment and associated infrastructure required for co-production," the I&B ministry said in a statement.
The agreement with Poland is India's seventh bilateral co-production treaty. It currently has treaties with Italy, the UK, Germany, Brazil, France and New Zealand.