FDI in broadcast sector hiked to 74 per cent

FDI in broadcast sector hiked to 74 per cent
New Delhi:

The Cabinet Committee on Economic Affairs on Friday also hiked the cap on foreign investment in the broadcast sector to 74 per cent. Earlier, 49 per cent FDI was allowed in cable TV and direct-to-home, and 74 per cent in Head-end in the Sky (HITS).

The Department of Industrial Policy and Promotion (DIPP) had proposed that FDI limit in the broadcast carriage services providers, including DTH, HITS and cable TV be uniform.

HITS is a satellite multiplex service that provides TV channels for cable operations.

India is estimated to have about 106 million households with cable and satellite TVs in India, of which 26 million use DTH and 80 million get feed from the cable network.

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