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Sundance Institute and Indian conglom Mahindra Group have inked to support indie movies.

Highlighting the effort, they’ve set up an award at this year’s Sundance fest as well as a scribe lab planned in Mumbai.

Global Filmmaking Award recipients will be announced Tuesday.

Four filmmakers from around the world will receive a grant, attend the fest for targeted industry meetings, receive mentoring from institute staff and creative advisers, participate in a Feature Film Program Lab and receive year-round support. The initiative will extend over a three-year period and include an Indian filmmaker starting next year.

Sundance Institute founder Robert Redford said, “This initiative represents our commitment to cultural exchange and allows us to extend our support of international filmmakers to a next generation of film artists emerging from India.”

The Mumbai Mantra Sundance Institute Screenwriters Lab will bow in spring 2012 with the aim of eventually becoming an annual event, helping six to eight Indian filmmakers to develop their works. Sundance Institute has similar programs in Latin America, Europe and the Middle East.

“With the Sundance partnership, we shall be able to recognize, nurture and hone incredible talent in India and across the world,” said Rohit Khattar, director of Mumbai Mantra.