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FDI hike in media, ent segments suggested
NEW DELHI, SEP 11 (IANS):
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Published on 11 Sep. 2010 11:19 PM IST
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The current cap on foreign direct investment in the media and entertainment segments should be relaxed, industry lobby Assiociated Chambers of Commerce and Industry of India (Assocham) and advisory firm Pricewaterhousecoopers (PWC) have suggested.
The call for relaxing the ceiling on FDI inflow into the media and entertainment segments came on the sidelines of a conference on tax and regulatory developments in entertainment and media industry, which was jointly organised by the Assocham and PWC.
According to both the institutions, the current FDI policy for both the sectors creates confusion and discourages foreign investors from investing in India’s media and entertainment segment. In addition, the two institutions have also proposed that the FDI limit in news and current affairs TV channels be raised to 49% from the current 26%.

 
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