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Hike FDI in media, but control should be with India Cos & Editors: Punit Goenka

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Hike FDI in media, but control should be with India Cos & Editors: Punit Goenka

Raising the FDI limit in media has been a long pending demand of the industry, and with the Union Budget of the Modi Government set to be presented on July 10, 2014, the industry is hoping for the FDI limit in media to increased to 49 per cent. For news media, the FDI limit is expected to be raised to 100 per cent.

Commenting on this likely move to introduce 100 per cent FDI in news media, Punit Goenka, MD and CEO, Zee Entertainment Enterprises tweeted: “On the government’s move towards 100% FDI in NewMedia – majority stake should be with India Companies & Editor/ CEO should also be an Indian!”

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