DPIIT seeks I&B Ministry’s views on issues raised on 26% FDI in digital media sector

NEW DELHI: The Department for Promotion of Industry and Internal Trade (DPIIT) has sought views of Information and Broadcasting Ministry on issues raised by certain stakeholders over the government’s decision to permit 26 per cent FDI in digital media sector, an official said. In August, the government approved permitting 26 per cent foreign direct investment (FDI) under government route for uploading/streaming of news and current affairs through digital media, on the lines of print media.

Certain industry players and experts have stated that the move to cap FDI in the sector to 26 per cent throws up questions that need clarifications as some of those who were looking to raise funds could be restricted.