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Government to allow FDI in knowledge based publications

23-October-2001
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Government to allow FDI in knowledge based publications

The government has taken a decision to allow foreign investment in non-news and non-current affairs publications. The government will also allow local publication or Indian editions of these scientific and technical journals.

Justifying the decision, Information & Broadcasting Minister Ms. Sushma Swaraj said such a move would also provide a fillip to the printing industry and generate employment. The government has decided to defer announcement of this decision since the Parliamentary Standing Committee, headed by Somnath Chatterjee, is suo motu considering the issue of allowing foreign investment in news publications. “Since the report of the Committee is expected in November, we decided to wait,” she said.

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