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Trai to submit views on foreign investment cap in broadcasting sector by month-end

Indiantelevision.com Team

(4 April 2008 10:10 pm)

MUMBAI: The Telecom Regulatory Authority of India (Trai) will submit to the government by the month-end its recommendations on the foreign investment limits in different segments of the broadcasting sector.

"We are collecting views from the different stakeholders. We will submit our recommendations on these issues by the end of this month," said Trai member RN Prabhakar.

Trai had organised an open house discussion here today with the stakeholders on foreign investment limits for the broadcasting sector.

The government has sought recommendations of the sector regulator, after proposing certain foreign holding limits backed with reasons.

The information and broadcasting ministry has proposed raising foreign investment limits to 74 per cent in DTH (from 49 per cent), Headend-In-The-Sky (no policy in place yet), teleport (49 per cent) and satellite radio (no policy on date). The FM radio would be up from 20 per cent to 24 per cent while cable TV and news and current affairs channels would continue to stay at 49 per cent and 26 per cent respectively.