Partnership will further cement New Jersey as the premier film and television destination; New Jersey offers one of the most attractive tax incentive programs in U.S. for television and filmmakers
MUMBAI, INDIA - The State of New Jersey, Choose New Jersey, New Jersey Motion Picture and Television Commission and the Producers Guild of India today signed a memorandum of understanding to further enhance their mutual relationship and facilitate the shooting of Indian films in New Jersey. New Jersey Governor Phil Murphy signed the MOU on behalf of New Jersey in order to bolster New Jersey’s film industry, which received a boost through the Governor’s Film Tax Credit Program. New Jersey offers one of the most attractive incentive programs in the country for television and filmmakers including a 2% diversity tax credit bonus.
“There is a natural partnership waiting to be uncovered between New Jersey and Bollywood,” said Governor Phil Murphy. “Our state has a diverse population and unrivalled geography that keeps us at the top of the list for film production. We are proud to be one of the host locations – alongside Los Angeles – of the International Gujarati Film Festival, proving that New Jersey provides a tremendous value that can favorably compete and win against any other U.S. location.”
The MOU focuses on idea sharing as well as best practices on film production and promotion. It will also assist the Producers Guild of India (PGI) with the production of films and other cinematic content including location scouting and support for Bollywood film production in New Jersey.
“Today’s announcement facilitates an exciting new relationship for producers in India and motivates us to bring more of our productions to New Jersey,” said Siddharth Roy Kapur, President, Producers Guild of India. “We look forward to bringing more Indian movies to the scenic Garden State in the years ahead.”