CANNES -- India and Italy have still not yet ratified the bilateral treaty that will make co-production between the two countries easier, but already producers are prepping pictures.

Adlabs Films and 7 Entertainment ASP White are readying $5 million action adventure "Chase," that will shoot entirely in Rome in August and September.

Pic, which will use an all Italian crew and cast an Italian lead actress, is to be helmed by Anubhav Sinha and exec produced by Aditya Bhattacharya.

7 Ent.'s Bhattacharya says company is in talks with veteran Italian playwright Dario Fo for an India-set adaptation of his classic "Accidental Death of an Anarchist."

The two countries previously signed a treaty, but have not yet completed the formalities needed to put it into effect.

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