Government Decision: At Rs 1,200 crore, Krafton looks to double India investments
NEW DELHI: Undeterred by the despondence in the gaming industry over the government's decision to increase GST to 28%, Korean major Krafton has decided to nearly double its India investments. The company is bringing in Rs 1,200 crore ($150 million) to infuse in gaming and AI-focused companies over the next two-to-three years.The company, which runs the popular game Battlegrounds Mobile India or BGMI (that made a re-entry in May this year after the government had banned it in July 2022), has already been making investments in the gaming and internet eco-system.These include Nodwin Gaming (esports), Loco (gaming live streaming), FRND (audio matchmaking), Nautilus Game ('real cricket' mobile franchise), Fantiger (NFT marketplace for artists), and Kuku FM (audio streaming)."Demand for gaming ...