No decision on FDI in media

July 16, 2013 22:30

As the government today increased FDI in areas like telecom and insurance, a key decision on raising foreign investment in the sensitive media sector remains pending as the Information & Broadcasting Ministry has sought advice from TRAI and Press Council on the matter.

The ministry which had initiated a consultation process on the proposal by Department of Industrial Policy and Promotion, decided to forward the issue related to permitting more FDI in broadcasting sector to TRAI and in print sector to the Press Council of India. "We have not taken any view on media," Commerce and Industry Minister Anand Sharma told reporters.

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