TRAI recommends higher FDI limits in Broadcasting sector
FDI limit for uplinking by 'News and Current Affairs' TV channels and FM radio may go up to 49 per cent. Broadcast carriage services recommended for 100 per cent FDI limit
BestMediaInfo Bureau | Delhi | August 23, 2013
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The Telecom Regulatory Authority of India (TRAI) today released its recommendations on Foreign Direct Investment (FDI) limits and approval routes for various segments of the broadcasting sector. These recommendations broadly pertain to three segments of the broadcasting sector: broadcast carriage services, television content services and FM radio services.
The FDI limit for broadcast carriage services has been recommended for enhancement to 100 per cent and that for uplinking of 'News and Current Affairs' TV channels and FM radio services to 49 per cent. In has also been recommended that the FIPB approval process be streamlined and made time-bound. Summary of the recommendations vis-a-vis existing limits/approval route has been tabulated as under:
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These recommendations have been released following the Ministry of Information & Broadcasting reference dated July 12, 2013, to the Authority, seeking its recommendations on the subject.
Click here to read the complete recommendation.
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