India Mulls Raising FDI Cap in Mobile TV, Cable Networks
World Economy

India Mulls Raising FDI Cap in Mobile TV, Cable Networks

The Indian government is considering a proposal to raise FDI limits to 100% in broadcasting carriage and content services, including DTH and cable networks, aimed at attracting overseas investment and improve infrastructure.
An inter-ministerial committee is considering FDI proposals, including hiking foreign direct investment cap in cable networks, direct-to-home, mobile TV, HITS (Headend-in-the Sky Broadcasting Service) and teleports to 100%, from 74% at present, PTI reported sources as saying.
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 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 digitization 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 defense, construction and railways. It is also considering relaxing norms for rubber and coffee sector.

Short URL : https://goo.gl/snZeyL
  1. https://goo.gl/ovJ1ZL
  • https://goo.gl/vhkFZy
  • https://goo.gl/xxr961
  • https://goo.gl/3p49QK
  • https://goo.gl/PcuVYC

You can also read ...

Nigeria Inflation Dips Further
For the eight consecutive months, Nigeria’s inflation rate...
Exports extended their growth trajectory for the ninth consecutive month in August.
Economic growth in the third quarter is expected to receive a...
Capital outflows through the banking system have accounted for as much as $27 billion since the crisis.
Unsurprisingly, Qatar has been on the investor radar...
Ethiopia topped the list with FDI inflows surging  by 46% to $3.2 billion.
Foreign direct investment inflows to West African countries...
Currently, the total amount of the eurozone’s NPLs is estimated at $1 trillion. However, undercapitalized Italian banks are objecting  to such ECB recommendations.
The European Central Bank is poised to start wrapping up its...
Angola Rating Downgraded
Moody’s Investors Service has Sunday downgraded the long-term...
Every 1% increase in GDP is expected to equal roughly 1.8 million new jobs.
China’s unemployment rate has hit its lowest point in multiple...
Tanzania Current A/C Deficit Shrinks
Tanzania’s central bank revealed that its current account...