Mumbai, March 31 (IANS) In keeping with the Indian entertainment industry's growing presence in the international market, foreign direct investment (FDI) in this sector went up to Rs.80 billion in 2007, according to a PricewaterHouse Coopers (PWC) report for the year 2008.
Though FDI receipts in the entertainment sector amounted to only 1.5 percent of the overall receipts of foreign investment in the country last year, the rise over the previous year indicates the growth of the industry.
INX Media was the biggest recipient of FDI last year. It received Rs.11 billion from Temasek Holdings via Dunearn Investment, New Silk Routes, Kotak and SREI Group.
The money is being utilised to expand INX's te