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Government proposes 100% foreign investment in advertising, film sector

30-January-2001
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Government proposes 100% foreign investment in advertising, film sector

The government has proposed to permit 100 per cent foreign investment in advertising and film sector, 100 per cent foreign equity for uplinking hubs/stations, cable networks and FM stations and 100 per FDI for scientific and academic journals. However, the status quo—no FDI—would remain in the broadcasting and print media.

These decision were taken at a recent Group of Minister’s meeting and would now be taken to the cabinet.

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