Mira Nair's Mirabai Films has announced a partnership with Indian poultry giant Balaji Rao's Bala Entertainment to establish a film production company that will create independent Asian cinema for the world market.

The new production company, International Bhenji Brigade, is looking at producing three South Asian or Asian diaspora films over the next three years.

The new company will have offices in Mumbai and New York. The company has a budget of $10m and will produce three movies with South Asian directors.

Nair recently wrapped Vanity Fair, starring Reese Witherspoon and Jim Broadbent.