Top Story


Home >> International >> Article

Parliamentary committee may allow 26% FDI in print media

Font Size   16
Parliamentary committee may allow 26% FDI in print media

The parliamentary committee is working on an alternate draft, which is likely to include a proposal for allowing 26 per cent foreign equity strictly under Indian editorial control. The new draft will be placed before the standing committee on information technology along with the earlier one, which had totally rejected entry of foreign equity in print media.

The standing committee, which is headed by Somnath Chatterjee, in an earlier draft report had ruled out allowing foreign investment in news and current affairs publications. On non-news and non-current affairs publications, a case-by-case approach was recommended. But, there were many dissenters to this view within the committee.

At a meeting of the committee yesterday, which was attended by 15 of the 46 members under chairmanship of Somnath Chatterjee, most members favoured allowing foreign equity with a 26 per cent cap and strict regulations including Indian editorial control.

According to Mr. Chatterjee, the matter is still "undecided". The committee, which was to table its report in the Winter Session of Parliament, will now meet after the Budget Session of Parliament begins next month.

With foreign investment allowed in TV broadcasting and Internet, there was a case for reviewing the ban on foreign investment in print media, which the committee took up suo moto.


Vinik Karnik, Business Head - ESP Properties, talked about what went into conceptualising the first edition of the entertainment marketing report, Showbiz

Rahul Jhamb, Brand Head, Forever 21, on how the fast fashion brand always stays on the pulse of latest marketing trends

Heavy spends on OOH and print sum up this year’s ad spends of YLG Salon

Baba Ramdev brought his sharp wits for an interview with e4m where he promised to disrupt more markets and spoke about he the way he created a brand through consistent and selfless work

Heavy spends on OOH and print sum up this year’s ad spends of YLG Salon

Thomas, Chief Marketing Officer, Diageo India, gives us a peek into the marketing strategy for McDowell’s No 1 Soda, its creation of ‘No 1 Yaari Jam,’ their own set of 4Ps and importance of content

Prior to joining Madison PR in 2012 Chaudhary was Group President Corporate Communications at Reliance Industries Limited.