new delhi media video ltd on monday announced plans to invest rs 350 crore over the next one year to expand its consumer electronics and real estate businesses the investment the firm said will also lead to massscale local production of tv video gamesthe board has cleared the expansion programme the company said the company is planning to produce tv video games on a mass scale which at present is being imported from overseas it said the new facility will cater to both the domestic market as well as the export demandthe firm is planning to set up an office in hong kong to push its export sales and source raw materials to reduce production costs the investment it said will be funded through a mix of debt and equity the firm is also planning preferential share warrants to raise rs 84 crore of which rs 30 crore will be invested in consumer electronic division and rs 54 crore in real estate divisionthe investments would also be used to introduce new games models and to modernise its exiting manufacturing facilities the expansion will lead to an increase in turnover targeting an annual sales of one million units the company said