An affirmative nod has been given by the Department of Industrial Policy and Promotion in order to increase foreign direct investment (FDI) in broadcast carriage services sector, including cable TV and direct-to-home.
The DIPP has circulated a draft cabinet note which also includes raising overseas investments limits according to suggestions given by the Telecom Regulatory Authority of India (TRAI).
The draft note wants the FDI limits in the broadcast carriage services sector such as cable TV, DTH and Headend-In-The-Sky (HITS) to be made uniform.
The note has been sent to different ministries, including Home Affairs, Information and Broadcasting, Law, Finance, and Department of Telecommunications. The note will have to be approved by these Ministries before it can be sent to the cabinet. At present the FDI norms for Mobile TV, HITS and IPTV are pegged at 74 per cent and for cable distribution companies at 49 per cent.