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Breaking News :  Govt mulls raising FDI cap to 100% in DTH, cable networks
Sunday 20-September-2015, 19:14,
Govt mulls raising FDI cap to 100% in DTH, cable networks
New Delhi: Government is considering
a proposal to raise foreign direct
investment (FDI) limits to 100% in
broadcasting carriage and content
services, including direct-to-home
(DTH) and cable networks, aimed at
attracting overseas investment and
improve infrastructure.
An inter-ministerial committee is
considering FDI proposals, including
hiking FDI cap in cable networks, DTH,
mobile TV, Headend-in-the Sky
Broadcasting Service (HITS) and
Teleports to 100%, from 74% at
present, sources said.
In case of broadcasting content
services - uplinking of news and
current affairs TV channels, the
proposal under discussion is to raise
the limit to 49% from the present 26%,
they said. These proposals were mooted
by the Telecom Regulatory Authority of
India (Trai) in 2013. It had suggested
raising FDI limit for broadcast carriage
services up to 100% and for uplinking
of news channels up to 49%.
Increase in FDI limit will help improve
the pace of digitisation of broadcasting
services across India. The inter-
ministerial committee comprises
officials from the Department of
Industrial Policy and Promotion,
Information and Broadcasting,
Telecommunication and Space.
“The committee is discussing all these
recommendations,” sources said,
adding the panel discussed all these
issues its meeting held last month.
In broadcasting content services, 26%
foreign direct investment is permitted
through government approval route.
Companies which are involved in the
business of broadcasting carriage
services include Dish TV, Siti Cables,
Hathway services and Den Networks.
In March, cable television services firm
Den Networks had approved increasing
limit of foreign investment in the
company from existing 49% to 74%.
Similarly in August, Hathway Cable had
received FIPB approval to increase
foreign investment limit in the firm
from the existing 49% to 74%.
To attract foreign funds, the
government has already relaxed FDI
norms in sectors such as defence,
construction and railways. It is also
considering relaxing norms for rubber
and coffee sector.
http://www.livemint.com/Politics/BDa6ypR...works.html
ANIL G
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