The government on Tuesday allowed 100 per cent foreign direct investment in uplinking of television channels in the non-news category and 26 per cent for news channels.
"FDI up to 100 per cent would be allowed with prior approval of the government for up-linking of non-news and current affairs TV channel. FDI up to 26 per cent will be permitted with prior approval of the government for up-linking a news and current affairs channel," a statement said.
For the news channels, the government has put the condition that portfolio investment in the form of foreign institutional investor and Non-Resident Indian deposits shall not be persons acting in concert with FDI investors as defined by Securities and Exchange Board of India.
For setting up-linking hub and teleports the government has allowed FDI of 49 per cent.
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