FDI In I&B Sector Falls By 31% In Q1 FY25
Walt Disney made the most investment of Rs 2,839 crore during the April–June quarter, says the report
In the first quarter of FY25, there was a 31 per cent decrease in foreign direct investment (FDI) in the Indian information and broadcasting sector.
The sector attracted foreign direct investment (FDI) worth Rs 3,374 crore during the same period, down from Rs 4,893 crore during the same period the previous year, according to the Department for Promotion of Industry and Internal Trade (DPIIT).
According to the study, Walt Disney made the most investment of Rs 2,839 crore during the April–June quarter. IVY Entertainment Holdings (B4U Multiplex, B4U Kadak, and B4U Movies) invested Rs 219 crore in the meantime.
It should be mentioned that Walt Disney's massive investment coincides with the company's Star India subsidiary's ongoing merger with Viacom18 to form a media company valued at $8.5 billion.
FDI in the sector rose from Rs 3,745 crore in FY23 to Rs 7,012 crore in FY24, an 87 per cent rise.
