TWO-TIER FOREIGN DIRECT INVESTMENT (FDI) CAP IN MEDIA FINALISED

Now, a 74% uniform cap for non-news media (carriage services) and a 26% cap for news media (content) shall apply. Also, up to 49% FDI in the carriage service providers like Multi-System Operators or MSOs, DTH broadcasters, headed-in-the sky or HITS operators, and providers of mobile TV, satellite teleport and IPTV services will be automatically allowed. But any FDI above 49% will need Foreign Investment Promotion Board (FIPB)'s nod.