Radio industry seeks Rs 300 Cr for survival

Mumbai: The private FM industry on Tuesday sent an SOS to Union information and broadcasting minister Prakash Javadekar seeking an immediate relief package of Rs 300 crore to ward off the crisis staring at the industry.

In her letter, Anurradha Prasad, president of the Association of Radio Industries of India (AROI), requested the government to consider an economic survival package for FM radio industry, to keep the sector alive.

“We have watched closely with hope the economic packages announced by the finance minister over the past week. However, we are deeply pained to note that none of these measures has any effect, whatsoever, on the private FM radio sector,” Prasad wrote.

This is the third time, the association has requested help from Javadekar.