Government is considering a proposal to raise FDI limits to 100 per cent in broadcasting carriage and content services, including DTH and cable networks, aimed at attracting overseas investment and improve infrastructure.
According to sources, an inter-ministerial committee is considering FDI proposals, including hiking foreign direct investment cap in cable networks, direct-to-home (DTH), Mobile TV, HITS ( Headend-in-the Sky Broadcasting Service) and Teleports to 100 per cent, from 74 per cent at present.
In August this year, the Telecom Regulatory Authority of India (TRAI) recommended the FDI limit in broadcast carriage services to be fixed at 100%. Broadcast carriage services include cable TV, DTH, IPTV as well as Headend-in-the-Sky. It proposed that around 49% of FDI should be on automatic route while anything beyond that should be subject to approval by the foreign investment promotion board or FIPB.