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I&B sector in FDI surges 231 per cent rise in FY23

Radio broadcasting benefited by Rs nine crore.

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Mumbai: The Information and Broadcasting sector has seen a 231 per cent rise in foreign direct investment, as per media reports.

According to the Department of Promotion of Industry and Internal Trade, in FY23 I&B got Rs 3745 crore as compared to Rs 1,129 crore in the last financial year.

While the film and advertising categories got Rs 811 crore as FDI, radio broadcasting benefited by Rs nine crore.

In Q4 FDI in the sector more than doubled to Rs 820 crore, as compared to Rs 375 crore in the same quarter last year.

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