Turner outfit has plans for India

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NEW DELHI -- Turner Asia Pacific Ventures Inc. received approval from India's Foreign Investment Promotion Board to invest $21.25 million (850.1 million rupees) in India over a two-year period.

The FIPB approval was issued Feb. 8 and, according to a notification issued Thursday by New Delhi-based FIPB, Turner was seeking an injection of foreign equity into a "company engaged in uplinking of a non-news and current affairs TV channel."

Turner International is setting up an equal joint venture with New Delhi-based programming house Miditech and its holding company Alva Brothers, which plans to launch a Hindi general entertainment channel.
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