The new Australia- India co-production agreement is set to help Australian producers reach new audiences, open up new avenues for industry investment and boost distribution for Australian producers in one of the world’s largest and growing markets.
With the agreement now in force, projects in both countries can access government funding including grants, loans and tax offsets under the agreement.
The agreement will strengthen the existing ties between the Australian and Indian film industries, assist Australian producers reach new audiences, and Australian audiences to connect with new stories.
The agreement – announced by Prime Minister Anthony Albanese and Indian Prime Minister Narendra Modi in March – will also open up new avenues for industry investment and help distribution for Australian producers in one of the world’s largest and growing markets.
“India is a global film powerhouse and this agreement is great news for the Australian screen industry.”, Australian Minister for the Arts, Tony Burke MP said, adding, “As a long-time Bollywood fan, I can’t wait to see how this plays out and know this will be a gamechanger for both Australian and Indian filmmakers.”
Since the inception of the co-production program in Australia almost 40 years ago, formal arrangements have been signed with 14 countries, leading to the creation of 210 official co-production titles with total budgets of $2.02 billion.
For more information about the International Co-production Program visit Screen Australia.