I&B Minister Prakash Javadekar clears air about 100% FDI in news media

Javadekar has clarified that he never said okay to 100% FDI in news media and added that it is the industry that has to take the call. Currently up to 26% FDI in news & current

e4m by exchange4media Staff
Updated: Jun 23, 2014 9:07 AM
I&B Minister Prakash Javadekar clears air about 100% FDI in news media

Minister for Information and Broadcasting Prakash Javadekar has cleared the air about the Centre mulling over to allow 100 per cent Foreign Direct Investment (FDI) in news media.

Talking to NewsX’s Senior Executive Editor Priya Sahgal, Javadekar said, “I never said okay to 100 per cent FDI. We haven’t said it. Never.”

The minister asserted, “It is the industry that has to take the call. People are discussing, let them discuss. Will talk with all stakeholders.”

Currently, foreign investment is allowed only up to 26 per cent in news and current affairs media.
 

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