Foreign Investment limit raised to 74% for Broadcasting Services

The Government of India increased the foreign investment cap for the broadcasting service providers to 74%. The hike in foreign investment cap is for service providers of Direct to Home (DTH), modernized cable network and mobile television. This decision of the government will allow the global players in capturing major stakes in the broadcasting companies. Earlier the eligibility of DTH and multi-system cable operators to make foreign investment was capped at 49% only.

It was made clear by the Cabinet Committee on Economic Affairs that broadcast content companies such as TV news Channels and FM radio channels will continue to have a foreign investment cap of 26%, that will ensure control of major stake in the hands of the Indian partner.

Month: Current Affairs - September, 2012