FDI in I&B sector slides 31% in Q1FY25 to Rs 3,374 cr: DPIIT report
According to a Department for Promotion of Industry and Internal Trade (DPIIT) report the Indian information and broadcasting (I&B) sector reported an 87% jump in foreign direct investment (FDI) to Rs 7,012 crore for FY24, as compared to Rs 3,745 crore in FY23. However, there was a drop of 31% in the first quarter of FY25.
The I&B sector brought in FDI worth Rs 3,374 crore in Q1 FY2025, as compared to Rs 4,893 crore worth of FDI received in Q1 FY2024.
As per the DPIIT report, Walt Disney pumped in the highest investment in the April-June quarter, amounting to Rs 2,839 crore, in Star India.
IVY Entertainment Holdings, parent company of B4U Movies, B4U Kadak, and B4U Multiplex, invested Rs 219 crore in the I&B sector. Meanwhile, WEA International invested Rs 135 crore in Warner Music India.
Share
Facebook
YouTube
Tweet
Twitter
LinkedIn