Just a few months back, Dr. Modi of the Spice group had announced
his entry into the Indian entertainment industry with Anil Kapoor"s
No Problem and Ashutosh Gowariker"s mega budget film Buddha.
Buddha was to be a costly project, entailing an investment of
around Rs. 100 crore. Eyebrows had then been raised in industry
circles about the logic behind such a huge investment in a film.
Well, the apprehensions of industry seem to have reached Modi be
cause the project has been shelved.
Our reliable sources have informed us that No Problem is the
only film Spice is financing, after which the entertainment
division of Spice will close down. Reportedly, Singapore-based Modi
and his financial advisors feel, it is not safe to finance
Bollywood films. In other words, the risk is far too much for the
multi-crore group of Spice to take.