Complex sentence: On 5 December 2013, the Australia India Film Fund (AIFF) was launched by a group of businessmen of Indian origin to strengthen the filmic ties between India and Australia, triggering multimillion-dollar productions and utilizing the Australian 40% producer offset.
Split into simpler sentences: On 5 December 2013, Australia India Film Fund (AIFF) was launched by a group of businessmen of Indian origin. The fund was established to strengthen the filmic ties between India and Australia, triggering multimillion-dollar productions and utilizing the Australian 40% producer offset.