s „ dream works skg ’ to produce 36 films for the next 6 years. according to a 2010 brochure from the ministry of trade, industry and investment on our own local film industry, several hollywood productions have filmed here on location over the past fifty years. for the prospective film - maker, trinidad and tobago has substantial resources for the production of feature films. these include scenic and contrasting locations in close proximity to each other, a “ film friendly ” people, an ethnically diverse population, good airlift from the united states and europe, varied accommodation options, equipment and support service providers, and a trained and dedicated staff at the trinidad and tobago film company ltd ( ttfc ). in 2007, the filming of the first bollywood movie “ dulha mil gaya ” took place in trinidad and tobago. while the movie failed to click at the indian box office, it was a runaway success here in trinidad and tobago and formed the opening feature at movie towne, chaguanas, running for about one month. since then, how many other bollywood movies have been filmed on location in trinidad and tobago? none! i, therefore, find it disappointing that we completely failed to grasp this golden opportunity to market trinidad and tobago as an alternative bollywood island destination. mauritius, on the other hand, has taken advantage of its location, exceptional beaches and largely indian population to become one of the top film - shooting destinations for the indian film industry. bollywood filmed over 90 days on location in mauritius in 2010. bis central bankers ’ speeches ladies and gentlemen, travel and tourism is another potential area for building more robust relationships between trinidad and tobago and india. with the increasing wealth of the indian urban middle class, travel and tourism has now become an affordable luxury. with 350 million indians ranked as middle class inhabitants and economic growth increasing by 5 – 6 per cent every year, india offers enormous potential for future growth in outbound travel. according to the 2012 report “ indian outbound tourism market ”, in percentage terms, india is the fastest growing outbound tourism market in the world, and in terms of numbers, it's the second fastest after china. in any economic slowdown tourism is the first sector to get affected. but the indian outbound tourism market seems to be an exception. spending within the market hit us $ 12 million in 2010 and is expected to reach over us $ 20 million by 2015. the united states is way ahead of its rivals and controls almost one - third of indian outbound tourism

##ting the risk of debt distress. ladies and gentlemen, even as we focus on dealing with the fall - out from the ongoing global economic crisis, we should not lose sight that our world is being reshaped by a number of megatrends. one such megatrend is the rise of the new superpowers of asia and the southern hemisphere. these emerging nations of brazil, russia, india, and china, or as they are more popularly known, the brics, are already major players in the world economy. they have 40 per cent of the world ’ s population spread out over three continents and already account for 25 per cent of global gdp. the brics are forming new south - south connections, reshaping emerging market and developing countries ’ engagement with the rest of the world. in the process, the brics are bis central bankers ’ speeches helping to create a new southern silk road, linking asia, the middle east, africa and latin america and the caribbean, and signaling the return of the centre of the world economy ’ s centre of gravity back to its origins. in a january 2011 research report entitled “ the world in 2050 ” karen ward, an economist with hsbc, predicts the following seismic shifts by the year 2050 : • the collective size of economies we currently deem „ emerging ’ will have increased five - fold and will be larger than the developed world ; • 19 of the 30 largest economies will be from the emerging world ; indeed, china and india will be the largest and third - largest economies in the world, respectively ; • several other emerging economies – most notably, mexico, turkey, indonesia, egypt, malaysia, thailand, colombia and venezuela – will make substantial progress up the global league table ; • some small - population, ageing, rich economies in europe such as switzerland and the netherlands will slip down the grid significantly, while sweden, belgium, austria, norway and denmark drop out of the top 30 altogether. these trends make it even more imperative for trinidad and tobago to build and strengthen south - south relationships during the current global crisis to help us withstand future economic pressures in our traditional markets. in this regard, i remain convinced that international trade is a key instrument to building more robust and enduring relationships across countries. as a small, highly open island economy, trade is very important to trinidad and tobago, with the value of imports and exports of goods and services equivalent to 100 per cent of gdp. international trade allows us to import ideas and technologies