Correct Answer : Both 1 and 2
* Union Cabinet has approved the signing of an Audio Visual C0-Production Treaty, between India and Australia with a view to promote co-production of films.
* Such agreements are Umbrella Agreements under which private, government agencies enter into contracts to produce films together.
* The proposed agreement will boost ties with Australia, lead to exchange of art and culture, showcase the soft power of our country and lead to generation of employment.
* India has so far signed 15 Audio Visual Co-production Treaties with foreign countries. Australia has emerged as a preferred destination for shooting of Indian films. India is fast emerging as a major content hub for film makers looking for new projects. India has abundance of exotic locations, talent pool, relatively cheaper cost of production and post production, making India a favoured destination of foreign film makers.
So both statements are correct
Source : Thehindu
