India-Australia Film Ties Strengthen, Nations Eye Co-Production Opportunities at Film Bazaar

variety.com:

Naman Ramachandran The evolving partnership between India and Australia’s film industries took center stage at Film Bazaar, as key players outlined pathways for collaboration and funding opportunities.

Screen Australia COO Grainne Brundson detailed multiple routes for Indian producers to work in Australia, including official co-productions and location-based production.

While co-productions require creative and financial contributions from both territories with a minimum 20% stake, producers can also access Australia’s location offset for shoots requiring minimum AUD$20 million ($13 million) spend, or the post-production rebate offering 30% on minimum $500,000 ($325,000) spend.

India has significantly enhanced its incentives, said Vrunda Manohar Desai, Joint Secretary of Films at the country’s Ministry of Information & Broadcasting, pointing to the now 40% reimbursement up to a maximum of $3.5 million that was unveiled during the International Film Festival of India (IFFI) last year.