At Rs 1,200crore, Krafton looks to double India investments

Krafton, the Korean gaming company behind Battlegrounds Mobile India, plans to double its investments in India despite the government's decision to increase GST to 28%. The company will bring in Rs 1,200 crore ($150 million) over the next two-to-three years to support gaming and AI-focused companies. Krafton has already invested in various Indian start-ups and aims to contribute to the gaming ecosystem. The company is not concerned about the impact of the increased GST on its games, as it primarily relies on in-app purchases rather than real-money gaming.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/sSziKHk