The Telecom Regulatory Authority of India (TRAI) has released its recommendations on Foreign Direct Investment (FDI) limits and approval routes thereof in various segments of the broadcasting sector in India.
These recommendations broadly pertain to three segments of the broadcasting sector – viz. broadcast carriage services, television content services and FM radio services.
TRAI has recommended enhancement to 100 per cent in FDI limit for broadcast carriage services. The regulatory has recommended increasing FDI limit for uplinking of news and current affairs TV channels and FM radio services to 49 per cent.
It has also been recommended that the FIPB approval process be streamlined and made time-bound.
A summary of the recommendations vis-a-vis existing limits/ approval route has been tabulated as under:
These recommendations have been released in pursuance to the Ministry of Information and Broadcasting’s (MIB) letter dated July 12, 2013 to TRAI, seeking its recommendations on the subject.