PRODUCERS GUILD OF INDIA SIGNS MOU INDIAN FILM

PRODUCERS GUILD OF INDIA SIGNS MOU TO SUPPORT INDIAN FILM PRODUCTION IN U.S. STATE OF NEW JERSEY

PRODUCERS GUILD OF INDIA SIGNS MOU TO SUPPORT INDIAN FILM PRODUCTION IN U.S. STATE OF NEW JERSEY

Choose New Jersey, New Jersey Economic Development Authority, and the Producers Guild of India will work together to advance the film industry

Mumbai – New JerseyтАЩs film-friendly environment is making waves on the world stage. The Producers Guild of India (PGI) has signed a Memorandum of Understanding (MOU) with the state of New Jersey in an effort to facilitate the shooting of Indian films in New Jersey. The MOU was signed between PGI, Choose New Jersey, and the New Jersey Economic Development Authority during Choose New JerseyтАЩs economic mission to India in December. The MOU opens communication channels for idea sharing and information on best practices for film production and promotion. It will also assist PGI with location scouting in New Jersey.
The Indian film industryтАЩs boom coincides with New JerseyтАЩs rise as a premier destination to shoot and produce film and television in the United States. As Indian filmmakers have increasingly considered New Jersey as a shooting location for projects, this MOU strengthens the relationship between the Indian film industry and New Jersey.
тАЬThere has been a quantum increase in the number of Indian productions filming internationally,тАЭ said Shibasish Sarkar, President of the Producers Guild of India. тАЬTraditionally, international shoots were restricted to a handful of destinations and were almost exclusively the domain of a very few mega-budget productions. However, todayтАЩs Indian filmmaker is not averse to shooting pretty much anywhere in the world, irrespective of the scale of their productions. New Jersey is an attractive destination for Indian films for a host of reasons, and we look forward to working closely with our counterparts in New Jersey to realize the immense potential for collaboration.тАЭ
New Jersey offers one of the nationтАЩs most attractive incentive programs for filmmakers, featuring a 30% or 35% tax credit and a 2% or 4% diversity bonus. The state also offers a pro-film environment with cooperative counties and municipalities, an extensive transportation system, and a breathtaking variety of locations and landscapes. The New York-New Jersey metro area has the highest concentration of creative and technical professionals outside of California, including a strong network of support services and vendors.
тАЬNew Jersey is fast becoming one of the countryтАЩs most sought-after locations for film and TV production,тАЭ said Wesley Mathews, President and CEO of Choose New Jersey. тАЬAs IndiaтАЩs vibrant film industry seeks more international filming options, we welcome the opportunity to proudly display all New Jersey has to offer, not only in investments and incentives but also in unparalleled locations and talent pool.тАЭ
тАЬThroughout his tenure, Governor Phil Murphy has fostered an engaging relationship with India, solidifying New Jersey as a top destination for Indian business investment,тАЭ said Tim Sullivan, Chief Executive Officer of the New Jersey Economic Development Authority. тАЬNew JerseyтАЩs film sector has exploded over recent years, leading to major productions setting up shop in the state and record-breaking spending. We are thrilled to welcome IndiaтАЩs film industry, which will expand film production in the state, create jobs, and generate greater economic activity.тАЭ
India is a vital business partner and cultural ally for New Jersey. Their shared economies are advancing in pharmaceuticals and health, technology, food and beverage, film and digital media, and manufacturing, making our business relationship a natural fit. Indian filmmakers will find community and dynamic places to shoot in New Jersey towns like Edison, Iselin, and Jersey City, which have some of the highest populations of Indian residents in the United States.
About PGI

PGI is the premier film, television, and digital content producers body that represents the most important producers of audio-visual content in Bollywood. Established in 1954 by industry stalwarts, PGI assumes various roles, including the development of the film, television, and new media production sector in India by working with the Indian government and stakeholders on critical industry challenges. For more information,

visit www.producersguildindia.com.
About Choose New Jersey
Choose New Jersey, the stateтАЩs leading non-profit business attraction organization, harnesses the collective power of New JerseyтАЩs business, government, labor, and academic sectors to expand New JerseyтАЩs economy. We work globally, using our marketing expertise, concierge business development services, deep knowledge of the state, and convening power, in collaboration with the GovernorтАЩs Office and the New Jersey Economic Development Authority, to empower businesses, entrepreneurs, leaders, and innovators to make New Jersey their home. To learn more,

visit choosenj.com.

About New Jersey Economic Development Authority

The New Jersey Economic Development Authority (NJEDA) serves as the StateтАЩs principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New JerseyтАЩs long-term economic competitiveness. Learn more at www.njeda.gov.

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