Indiantelevison.com: Apex industry chamber Federation of Indian Chambers of Commerce and Industry (Ficci) has lost its entertainment head to a digital media company. Its joint director and head of entertainment division, Siddhartha Dasgupta, has joined UFO Moviez, the digital cinema network launched by Valuable Media Pvt Ltd. Ficci’s Frames is India’s largest entertainment conference. UFO Moviez is aiming to set up 500 digital movie halls by middle of 2006 at an investment of Rs 800 million.
UFO Moviez is the digital cinema network launched by Valuable Media, where the lead investor is the Delhi-headquartered Apollo International.
Incidentally, Valuable Media is promoted by Raja Kanwar, the eldest son of Onkar Kanwar, the immediate past presidnt of Ficci and the chairman of Apollo Tyres.
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