A DVD copy of the P C Barua directed movie in Bengali was handed over to NFAI officials by a visiting Bangladeshi delegation, an official statement said.
"The film has been with Bangladesh Film Archive. The recent efforts of National Film Archive of India, have helped in bringing the copy of the said film (in DVD format) to the country," it said.
There was a silent version of "Devdas" made in 1928 but Barua's 1935 version was the first talkie of the "Devdas" series.
"This is a landmark moment in the history of film archive as this was an important film for the Indian heritage and a very important addition to our collection," said Prakash Magdum, director of NFAI.
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The three-member Bangladesh delegation led by Martuza Ahmed, Secretary in the Ministry of Information visited NFAI to study the archive and visit the state-of-the-art film storage facilities here.
The DVD copy of the 1935 "Devdas" version was given in exchange of a copy of India's first film "Raja Harishchandra".
Mohammad Jahangir Hossain, Director General of BFA, said India was looking for this film since 30 years.
"Devdas" is based on Sharat Chandra Chattopadhyay's eponymous novel. The Bengali version starred Barua himself as Devdas, Jamuna Barua as Parvati (Paro) and Chandrabati Devi as Chandramukhi.
This was Barua's first of three language versions of the story, the second being in Hindi and the third in Assamese. Chatterjee was believed to be in his teens when he wrote "Devdas" in 1901, which was published in 1917.