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May 19, 2001
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Money > Business Headlines > Report May 19, 2001 |
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Zee Interactive to invest Rs 500 millionBS ICE Bureau Zee Interactive Learning Systems Limited, a wholly-owned subsidiary of Zee Telefilms, is planning to invest about Rs 500 million in the current financial year to set up new training centres, upgrade technology and content building. ZILS has also signed an MoU with Singapore One, to provide content on education and IT through fibre optic network in Singapore. "We are further working out possibility to form a consortium or a simple alliance with the other broadband and technology players in Singapore," Ganesh added. ZILS is also in talks with two Indian broadband players to offer broadband contents on IT and classroom education. Pointing out that ZILS is targeting a turnover of Rs 600 million this fiscal (revenues during 2000-01: Rs 300 million), Ganesh said, "We expect to break-even before the end of this fiscal." Powered by YOU MAY ALSO WANT TO READ:
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