Govt to raise FDI in FM, DTH service
June 29, 2009
By: MM Network
The government is planning to raise foreign direct investment (FDI) limit in FM radio broadcasters and direct-to-home (DTH) TV service providers.
But several departments, including the Planning Commission, have expressed reservations.
The Department of Industrial Policy and Promotion (DIPP) has proposed that FDI ceiling for FM broadcasters be raised to 24% from the current 20%, and to 74% from the existing cap of 49% in the case of DTH service providers.
It has also proposed simpler FDI rules for internet service providers (ISPs).