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Disney India investment approved

The Walt Disney Company will pump US$180m into its Indian operations after the local government approved the foreign direct investment plan.

Disney acquired a controlling stake in India’s UTV Software Communications in February and subsequently delisted it after spending US$375m to buy out other investors.

The company now has ambitions to restructure its digital business in India to increase growth in markets such as mobile, online and interactive TV, according to its website.

The Disney proposal is one of 10 foreign investment plans approved by the Indian government in a bid to kickstart the economy.

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