Investing In Entertainment, For The Growth Of India
Sohan Roy, Founder Chairman and CEO of Aries Group of Companies, combines creative ideas and vision to explore a number of different business opportunities.
Business leader and entrepreneur, Sohan Roy, has made a name for himself in a variety of industries, including maritime, healthcare, media and entertainment. Among his most ambitious projects is Project Indywood—a $10 million scheme that aims to support India as an economic powerhouse through the entertainment industry.
The Indywood Billionaires Club, is one of the set targets of this project, which aims to bring together the elite network of India’s wealthiest individuals—those who hold a net worth of $14 million or more—under one roof.
Adhering to the “Make in India” policy, which aims to generate investment opportunities for the nation’s re-building process and make the rupee equivalent to the dollar, the Indywood Billionaires Club’s national chapter was launched in 2016 in Hyderabad.
It was here that the idea of raising the value of the Indian Rupee and making it equal to the dollar was first mooted. Through the club, Roy said he wanted to redefine the meaning of billionaire for members, so that it is in regard to US dollar and not just Indian Rupee. It was suggested that this could be done through the manufacture, use and trade of Indian goods for the entertainment industry at first, with the concept later being used to inspire other industries. Since then the club has grown in stature, uniting India’s influential business tycoons to revolutionize the country’s entertainment and tourism industry.
In 2017, 2018 and 2019, the Indywood Billionaires Club launched regional chapters at Telangana, Kerala, Dubai, and Karanataka. The club is now preparing to launch a
Hyderabad chapter. All IBC events have been attended by renowned Indian-origin rupee billionaires who have the potential to play a huge role in shaping India’s economic growth story. As India’s growth story propels forward, the IBC aims to set up more chapters across India and abroad to attract India’s successful diaspora into its fold.
According to the IBC, it has already raised investments worth over $420 million and the initiation of several in-house multi-billion-dollar manufacturing and service sectors within the country’s entertainment economy have been mooted to meet its overall vision. The IBC wants to help further develop India by 2030 through its investment initiatives, which are planned to help boost Foreign Direct Investment in the entertainment sector.