I&B industry got FDI worth Rs 1,535 crore in Dec quarter
As per reports citing DPIIT data, over Rs 1,524 crore went to films and advertisements sub-category, while radio got Rs 10.3 crore
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Published: Apr 4, 2023 8:56 AM | 1 min read
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The information and broadcasting industry received FDI of Rs 1,535 crore in the 2022 December quarter, as per media reports citing data provided by the Department for Promotion of Industry and Internal Trade (DPIIT).
More than Rs 1,524 crore went to the films and advertisements sub-category. Radio received Rs 10.3 crore, the reports said.
Among the media and advertising companies that got FDI via the acquisition of shares in the December quarter were Dentsu India, MediaCom and Amagi Media Labs.
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