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Manish Tewari minister discusses hike in FDI in media
New Delhi, June 30: Information and Broadcasting minister Manish Tewari on June 29 held consultations with representatives of print and the broadcasting industry on the issue of increasing FDI limits in the media sector.
Officials said the I&B Minister, along with senior officials of the ministry, met representatives of the broadcasting and the print industry in two different meetings.
The
ministry
is
working
to
formulate
its
view
in
consultation
with
stakeholders
on
the
issue
of
increasing
FDI
caps
in
broadcasting
and
print
media
sectors.
Following the recommendations of the Mayaram committee, the government is considering increasing FDI caps in several sectors including broadcasting.
The panel, headed by Department of Economic Affairs Secretary Arvind Mayaram, had suggested raising the foreign investment limit from 26 percent to 49 percent in print media, FM Radio, uplinking news and current affairs channels and 100 percent in broadcasting carriage services and printing of specialized magazines and facsimile editions of foreign newspapers.
PTI
