India to ink deals with Britain, Bangladesh

Friday, 25 April 2008, 05:20 Hrs
Printer Print Email Email
New Delhi: India will sign an accord on rules regarding film cooperation with Britain, aimed at promoting co-production of movies, and also an investment promtion pact with Bangladesh.

The cabient meeting chaired by Prime Minister Manmohan Singh Thursday gave its approval to the information and broadcasting ministry for signing the Annex (Rules of Procedure) to the Film Co-production Agreement with the government of UK and Northern Ireland.

"The agreement will enable the Indian film industry to co-produce films with the film industry of the UK," Information and Broadcasting Minister P.R. Dasmunsi told reporters.

"The agreement will encourage the making of films reflecting the diversity of culture and heritage of both countries. The benefits will flow to both co-producers."

Dasmunsi said the cabinet also gave approval for signing and ratifying the Bilateral Investment Promotion and Protection Agreement (BIPA) with Bangladesh.

"The objective of BIPA is to promote and protect the interests of investors of either country in the territory of the other country," he said.

"Such agreements increase the comfort level and boost the confidence of the investors by assuring a minimum standard of treatment and non-discrimination in all matters while providing for justiciability of disputes with the host country."

The minister said the agreement was "likely to increase investment flow between India and Bangladesh."
Source: IANS
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..