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NEW
DELHI: The information and broadcasting sector has received
its highest FDI (foreign direct investment) inflow during
the nine months of 2007, lending proof that media and entertainment
is gaining favour of foreign investors in recent times.
While
the I&B's total FDI earnings have been $461.82 million
between April 2000 and December 2007, the nine months of 2007
have contributed the lion's share with an inflow of $215.81
million.
Incidentally, the highest FDI inflow for any single year (during
the 2000-07 period) was $81.5 million way back in 2000-01.
According
to the Department of Industrial Policy and Promotion, FDI
fell to a mere $4.54 million in 2001-02, but then rose to
$36.5 million the next year (2002-03) and touched $55.95 million
in 2005-06 and $43.56 million in 2006-07.
Separate
policies for foreign investment for different media had been
adopted as the scope and requirements of different mediums
were different, information and Broadcasting minister Priyaranjan
Dasmunsi told Parliament. The reason for adopting separate
policies is to meet the special requirements of the different
mediums in the print, broadcasting and movie sectors.
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