MUMBAI: The Pusan International Film Festival signed a memorandum of understanding with the Mumbai Film Festival to collaborate more closely and build a solid network among Asian film communities at the ongoing Berlin Film Festival.

Pusan‘s festival director Lee Yong-kwan and Srinivasan Narayanan, the festival director of Mumbai, also signed an agreement to strengthen artistic, financial and educational exchanges between the two festivals.

Mumbai Film Festival, which includes an international competition, is sponsored by Reliance Big Entertainment.

Last year, the Pusan festival signed a similar MoU with the Vietnam International Film Festival.