Cabinet approves conducting of FM Phase-III e-auctions Batch-III
The Union Cabinet has approved conducting auction of 683 FM channels in 236 cities which includes sparsely populated border areas Jammu and Kashmir and the North-East States
Published - Dec 22, 2017 8:52 AM Updated: Dec 22, 2017 8:52 AM
The Union Cabinet has permitted conducting the auction of 683 FM channels in 236 cities which includes sparsely populated border areas Jammu and Kashmir and the North-East States. It will provide FM radio coverage to new cities besides better content choice to the listeners.
“The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the way for conducting the auction of 683 channels in 236 cities in subsequent batches. It will usher in new/enhanced experience of FM radio in more cities,” the statement said.
Batch-I and Batch-II auctions of private FM radio Stations under Phase-III of the FM Policy Guidelines, as approved by the Cabinet in 2011, were conducted in 2015 and 2016 respectively. 97 channels in 56 cities were sold in Batch-I. 66 channels in 48 cities were sold in Batch-II.
With the rollout of the third batch auctions, a large number of those cities across the country will be benefitted. With the complete roll-out of FM Phase-III auctions, all the 29 states and six out of the seven UTs (except Dadra and Nagar Haveli) will be covered by private FM radio broadcasting. “This is also likely to generate direct and indirect employment to more than 10,000 persons on a pan India basis. These auctions will yield an estimated revenue more than ₹1,100 crore,” the statement mentioned.
It also mentioned that to ensure complete transparency, the Simultaneous Multiple Round Ascending (SMRA) process is being adopted.
WhatsApp, Instagram, LinkedIn, Twitter, Facebook & Youtube