Indo-British treaty to boost business by 100 million

Mumbai, March 22 | Updated: Mar 23 2006, 05:30am hrs
The cultural ties between India and the United Kingdom are set to get a boost by 100 million pound sterling with 10 films being planned and executed in next 12 months owing to the Indo-UK Co-production treaty.

Announcing this at Ficci-FRAMES, Tessa Jowell, the British Secretary, Department of Culture Media and Sports said: Last year Veer-Zaara in UK grossed 2.5 million pound sterling. With Indo-UK co-production treaty in place, the next 10 films will help us make over 100 million pounds.

Noted film maker and head of Ficci's entertainment committee, Yash Chopra asked the UK minister to further ease the regulatory framework in Britain so as to felicitate the Indian filmmakers. This summer at least 30 films are slated for shooting in Britain. I request Ms Jowell to help us with more facilities and benefits, Mr Chopra said.

Commenting on the healthy growth of relationship between India and Britain, Ms Jowell said the cinema was one of the key growth areas to bring the two nations closer. Cineworld cinemas are showing Indian films across the UK and there were 2.6 million visits to Hindi films in the UK last year. Indian films accounted for over 16% of all UK releases last year, taking 12.4 million pounds at the box office, she said.

FRAMES 2006 is an annual gathering organised by the Federation of Indian Chambers of Commerce and Industry (Ficci). Seventh year into progress, Ficci-FRAMES 2006 has managed to attract over 1,500 delegates from 17 countries, Mr Chopra said.