TRAI issues recos on foreign investment in broadcasting sector

The Telecom Regulatory Authority of India(TRAI) has released the recommendations on foreign investments in the broadcasting sector.

The Consolidated FDI Policy dated March 31, 2010 issued by the Department of Industrial Policy & Promotion has come into effect since April 1, 2010. This policy has modified the methodology of calculation of foreign investment in Indian companies.

Foreign investment limit for the broadcast carriage services such as DTH, IPTV, mobile TV, HITS, teleport and MSOs-that are upgrading to digital and addressable environment-would be 74 percent; while FDI limit for LCOs would be 26percent.