Government reviewing FDI cap for media
Posted by Sathish | Published on July 21st, 2009 | Comments 0
NEW DELHI: The Government is reviewing the foreign direct investment (FDI) norms in the FM radio broadcasting, cable TV and DTH sectors at the initiative of the Telecom Regulatory Authority of India.
“The regulatory issues connected with raising FDI levels will also be taken into account while making any changes,” Information and Broadcasting Minister Ambika Soni said in the Lok Sabha.
Soni said a convergence of the telecommunications and broadcasting sectors had led Trai to review the policy.
Meanwhile, it was made clear in Parliament today that Trai has not recommended raising the FDI limit for the print media beyond 26 per cent.
In an interview to media, Soni had said last week that she did not see anything wrong in raising the FDI in print to 49 per cent.
Soni said in her personal opinion that 49 per cent was safe and would not give control to anyone from outside to control the media.
Trai has raised the issue with the government in view of divergent FDI limits for various sectors of the media including DTH services and FM radio broadcasting services which currently stand at 20 per cent.
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