Indian Newspaper Society gives nod to 49 percent FDI in print media

August 01, 2013 16:54

The executive committee of the Indian Newspaper Society has passed a proposal to increase Foreign Direct Investment in print media from 26 per cent to 49 per cent.

The INS will recommend of 49 percent FDI in print through the Foreign Investment Promotion Board route to the Information and Broadcasting Ministry.

The government will now need the nod of the Press Council of India to give its go-ahead. The print media business in India has grown exponentially in the last few decades and the prospects of further growth in the coming years are enormous.

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