The Telecom Regulatory Authority of India (TRAI) has proposed to review foreign investment (FI) limits in the electronic media to provide level playing field among competing technologies, says a Times of India report. The telecom regulatory has floated a consultation paper for reviewing the existing foreign investment limits in different segments of broadcasting sector.
Some details of Monday's development:
"Presently the policy regarding Foreign Investment (FI) is not uniform across different segments of broadcasting sector. In view of the divergence in FI limits for different segments, the need to undertake a review of the FI policy for the broadcasting sector has been highlighted," TRAI said in a statement.
The Information and Broadcasting Ministry had sought TRAI recommendations on Foreign Investment limits for various segments of Broadcasting sector, such as news and non-news broadcasters, teleport, DTH, satellite radio, Headend-In-The-Sky (HITS), cable operators and FM radio.
