Film projects in both Australia and India will have access to grants, loans and tax offsets under the deal.
Arts Minister Tony Burke says Australia's film industry will benefit from access to a bigger audience globally.Australia and India will collaborate on an audiovisual co-production deal designed to "bring a slice of Bollywood to Brisbane" following the prime minister's whirlwind tour of the Asian economic powerhouse.
In a joint address with Mr Modi at the end of the tour, Mr Albanese revealed the nations agreed on an early conclusion to their Comprehensive Economic Co-operation Agreement, adding he was hopeful the deal would be wrapped up by the end of the year. The nations are also set to work more closely on supplying critical minerals as India seeks to meet ambitious goals of 50 per cent renewable energy and 30 per cent electric vehicle usage by 2030.Arts Minister Tony Burke said the Australian screen industry would benefit greatly from the co-production deal, including through greater access for local filmmakers to the international scene.
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