| MUMBAI:
Rupert Murdoch-owned Dow Jones said Thursday it would double its investments in
India in each of the next two years as it plans to expand in what it considers
is a key growth market. The
headcount will jump to 70 by June-end, 70 per cent of which will be journalists.
Says Dow
Jones Enterprise Media Group VP and MD Bruce Macfarlane, “India is an increasingly
important market. The opportunities present are significant and will only grow.”
Dow
Jones will be setting up office in Delhi, after having expanded its base in Mumbai.
Says Dow Jones India MD Mitya New, "The company made its most recent investment
in India in August 2008. After expanding in Mumbai, we will be starting an office
in Delhi within two months." Dow
Jones’ consumer media group includes The Wall Street Journal. "We have
received FIPB permission to publish the facsimile edition in India, which will
start shortly. But I can't specify a date to it as yet," says New. The
content arrangement with Mint, the business news daily from Hindustan Times Group,
will continue. "In our deal with Mint, we still have a two-year run to go
with them. We are happy with the arrangement," says New. | 
