Till now, 49 per cent FDI was allowed in cable TV and DTH while it is 74 per cent in HITS
(September 14, 2012) In a major decision to liberalise the broadcast sector, the government on 14 September decided to raise FDI cap to 74 per cent in various services of the sector, except the TV news channels and FM radio where the cap of 26 per cent will apply.
The decision of the Cabinet Committee on Economic Affairs (CCEA) will apply to broadcast carriage services providers, including Direct-to-Home, Head-end in the Sky (HITS), Multi-Service Operators (MSOs) and cable TV to bring about uniformity.
Till now, 49 per cent FDI was allowed in cable TV and DTH while it is 74 per cent in HITS.
Read more at Businessworld
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