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Govt rules out FDI in print media

18-November-2000
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Govt rules out FDI in print media

The Government categorically ruled out allowing foreign direct investment in print media. The information and broadcasting minister Sushma Swaraj said that the Centre was, however, open to the idea of foreign equity participation in magazines and journals, related to science and technology. The government would consider the modalities for allowing foreign equity participation in printing and publishing of journals and magazines related to Research and Development and information technology. On opening up of Direct-to-home broadcasting services in the country, Swaraj said that government will soon clear the ambiguities relating to policy guidelines related to the sectoral cap for broadcasting and cable network.

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