Producers Guild of India signs MoU with New Jersey
The New Jersey film industry offers incentive programs for television and filmmakers including a 2% diversity tax credit bonus
The Producers Guild of India has signed a Memorandum of Understanding (MoU) with the New Jersey Motion Picture and Television Commission to facilitate the shooting of Indian films in New Jersey. Phil Murphy, Governor of New Jersey, signed the MoU with Producers Guild of India chairman Sidharth Roy Kapur and CEO Kulmeet Makkar.
The New Jersey film industry, which received a boost through the Governor’s Film Tax Credit Program, offers incentive programs in the state for television and filmmakers including a 2% diversity tax credit bonus.
“The MoU with New Jersey is a step towards providing yet another location for India producers,” Kulmeet said. “This MoU intends to create support for Bollywood and other content producers and to offer significant incentives for filming in New Jersey. The endeavour is to provide harmonious relationships and simplified processes that will help Indian productions.”
New Jersey state has attracted several high-profile films through this program, including Todd Phillips’s Joker and Steven Spielberg’s West Side Story adaptation. Both films utilise New Jersey’s diverse cities of Newark and Paterson.
Commenting on Indo-US prospects for future productions, Kulmeet added, “The US is a mature content industry. India has been actively looked at by American companies and various states in the US to promote the filming of Indian content in their locations. At the same time, Hollywood studios and OTT companies such as Netflix have always been looking at India as a potential market to invest in the local Indian content. For India, the US has been a significant Indian content consumption market with a sizeable Indian population.”