FDI in Media to be increased

Issue to be discussed with the PM and FinMin before the budget

On 2 January 2008, Union Minister for Information and Broadcasting informed in an interactive session organised by the Indian Chamber of Commerce on the challenges and prospects of liberalisation in the media, that discussions are on about a further increase in foreign direct investment in the media.

Dasmunsi also informed that the issue would be discussed with the Prime Minister and the Finance Minister before the budget. He added that there was pressure from big media houses to relax the present 26% cap on foreign equity, but a sudden jump could not be made without due caution or without ensuring a level-playing field for smaller players.