Regulator wants FDI cap for news channels raised

  • HT Correspondent, Hindustan Times, New Delhi
  • |
  • Updated: Aug 23, 2013 01:21 IST

The Telecom Regulatory Authority of India (Trai) on Thursday pitched for easier investment rules in the broadcasting sector and recommended raising the foreign direct investment (FDI) cap to 49% for uplinking of news and current affairs TV channels and FM radio services from the existing limit of 26%.

It has also recommended increasing FDI up to 100% for broadcast carriage services such as DTH, IPTV, mobile TV, teleports, and cable networks from the existing 74%.

“It is a welcome step. Foreign channels can bring in more knowledge and technical knowhow,” said Ashok Venkatramani, CEO, Media Content and Communication Services.

The information and broadcasting ministry had sought Trai’s recommendations on easing FDI caps in the sector hobbled by a lack of capital.
Trai has said that the process to approve FDI proposals should be streamlined and made time-bound.

 

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