/> Dr. B. K. Modi's Spice Group, a leading diversified business group with interests in Telecom, Media, Entertainment, Technology and Financial Services, has announced plans to invest Rs. 400 crores in the entertainment and media businesses.

His new venture, Spice Enfotainment, has chalked out plans in film production, television production, broadcasting, music, gaming and Internet, while creating, owning content and distributing it over multiple platforms including digital and wireless.

Modi has announced two film projects with leading film directors, Ashutosh Gowariker and Anees Bazmee.

Ashutosh Gowariker will direct the Rs. 100 crore epic titled BUDDHA, whereas Anees Bazmee will direct a full-on commercial potboiler titled NO PROBLEM in association with Anil Kapoor Productions.

Gowariker's film will be in English and has been written by Oscar winner David Ward. The movie will go on floors in May 2010 and completed by the end of the year. The pre-production work of finalising the locations, technicians and artists will begin this month.

BUDDHA will be shot in the foothills of Himalayas. Gowariker will only be directing the movie and not co-producing it.

About the star cast, Gowariker said, "There is a strong possibility that a foreign actor would play the role of Buddha. Nationality should not be a concern for this character, which is truly an international face. There will be many Indian actors also."

Meanwhile, Anees Bazmee's NO PROBLEM will be shot in Singapore, wherein the city-state's government will share the production cost.