New Delhi, Oct 26 (IBNS) India and Spain on Friday signed an Audio Visual Co-production Agreement seeking to improve cooperation between the two countries in the audio visual sector.
The agreement was signed between Information & Broadcasting Minister Ambika Soni and Jose Garcia Margallo Y. Marfil, Minister for Foreign Affairs and Cooperation, Kingdom of Spain.
The agreement establishes a legal framework for relations regarding cooperation between the two countries in the audio visual field thereby facilitating the development of the audio visual industry.
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.
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.