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India to ink deals with Britain, Bangladesh
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SPECIALCORRESPONDENT on 24 April, 2008 05:53:00
 
The cabinet meeting chaired by Prime Minister Manmohan Singh on 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 justifiability of disputes with the host country." The minister
said the agreement was "likely to increase investment flow between India and
Bangladesh." (IANS)