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The annual Toronto International Film Festival came to a close last night. Eleven days of screenings, meetings and celebrity sightings. The Toronto festival has become an important place to kick off the fall film season, and this year it wasn't only looking west to Hollywood, it also brought into focus the east, and the rise of new cinema from India. NPR's Bilal Qureshi was there and brought back this report.

BILAL QURESHI, BYLINE: One of the films at this year's Toronto festival was called "Shanghai." It came from Mumbai, and was directed by Dibakar Banerjee.

DIBAKAR BANERJEE: One often-repeated refrain that you hear in India is that this city is going to be like Shanghai, and that's usually a promise made by a politician who is holding up the carrot of progress to his constituency.

QURESHI: Banerjee's film is a searing portrait of both the benefactors and victims of the economic boom in India.

BANERJEE: When everything is about more buildings, more factories, more MBAs and all that, a lot of vulnerable lifestyles get broken down, and there's resentment building up, because everybody wanted a share of the pie, but only a few got it.

QURESHI: For Banerjee, those social tensions are the stuff of important stories. His film carries the banner for a recent wave of gritty and realistic films from India, films that are very different from the song and dance Bollywood.

CAMERON BAILEY: It's really just dynamic right now. There's so much great work going on. I feel like international festivals like ours should be paying - all of us - should be paying more attention to what's happening in Asia.

QURESHI: Cameron Bailey is the Toronto Film Festivals artistic director. He says in addition to showing the human side of the massive social and economic shifts in South Asia, these films are creating a new kind of globalized aesthetic.

BAILEY: This is the city that discovered "Slumdog Millionaire." The film was premiered here first, and that's, I think, a good example. It's a film by a British director, set in India, in English and in Hindi. That's a completely normal Toronto film.

QURESHI: Toronto is itself a product of globalization. It's home to huge immigrant communities from India and China. Almost half of Torontonians have a minority background. Multiculturalism is official government policy. That means Indian screenings at the festival are sold out.

Three young women were trying to catch the attention of Siddharth, a South Indian superstar. He was here for the premiere of "Midnight's Children," which was screened as gala presentation along with Mira Nair's "The Reluctant Fundamentalist."

UNIDENTIFIED WOMAN: And to introduce to you one of the (unintelligible).

QURESHI: Nair's film is set in five countries, and it tells the story of a young man with divided loyalties between East and West. For the director, Toronto was the natural venue to introduce the film to North America.

MIRA NAIR: Toronto is a very multi-ethnic joint, you know, so people are here from all over the world, have moved here from all over the world, so there's a greater worldly curiosity.

QURESHI: Mira Nair made her name in 1989 with an Oscar-nominated film about street children called "Salaam Bombay." She went to direct "Monsoon Wedding" and "The Namesake." When it comes to hyphenated, global storytelling with Indian roots, Mira Nair paved the way.

NAIR: The other day someone referred to me as the dadi, the grandmother of all this cinema, and I said, well, that's a little ageist, but no problem. I feel very proud of the great vigor I see in Indian cinema now.

QURESHI: Nair is normally based in New York, but...

NAIR: The difference for me in this film was that the post-production was done entirely in India, which is a very exciting thing to do because I realized that I can do it. I can make an international film of the highest of quality in Bombay.

QURESHI: Toronto isn't just a place to screen these kinds of films, it's a marketplace. In the industry lounge next door to the cinemas, directors meet producers meet distributors meet financiers, all on the hunt for new business.

GUNEET MONGA: The market in Toronto is extremely well-developed.

QURESHI: Guneet Monga is one of the most successful producers of independent films from India. She says just coming to Toronto opens doors.

MONGA: Once we're here, I don't have to explain that I make good content, I just have to walk in and say I have films in Toronto and it's a statement, and people take a meeting.

QURESHI: To help producers like Monga, this year the festival hosted an all-day summit on Asian cinema. It brought Western investors and policymakers together with their Chinese and Indian counterparts. The festival's artistic director Cameron Bailey was also behind the festival's focus on the East.

BAILEY: I'm thinking back to what happened in the 1920s and '30s and '40s, when you saw so many Europeans come to Hollywood. They came for political reasons, often, just trying to escape pretty awful circumstances in Europe, but they changed Hollywood. I think something similar will happen when we see Asia make its way into Western filmmaking in a stronger way. I think we're just at the beginning of that, and I wanted the Asian Film Summit to really help that conversation move forward.

QURESHI: Bailey says that, for him, making Toronto a crossroads of cultures, is also personal.

BAILEY: My wife is Chinese-Canadian. We have a young son, he's just started preschool, and I want him to grow up in city and in a world where all of his cultures are front and center, where he doesn't feel marginalized in any way. And so that's also part of why I'm doing this.

QURESHI: Toronto is a meeting point between East and West, but those encounters aren't just about multicultural warm-and-fuzzies, they're about a shared love for both the art and the dollars. Bilal Qureshi, NPR News.

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