The Telecom Regulatory Authority of India (Trai) on Thursday recommended raising the foreign direct investment (FDI) limit for broadcast carriage services up to 100% and for uplinking of news channels and FM radio services up to 49%.
The information and broadcasting ministry had in July sent a reference to the telecom regulator, asking it to examine a finance ministry proposal for increasing FDI limits in media.
In a statement, Trai has said its recommendations broadly pertain to three segments of the broadcasting sector — broadcast carriage services, television content services and FM radio services.
The FDI threshold for broadcast carriage services has been recommended for enhancement to 100% and that for uplinking of 'news and current affairs’ TV channels and FM radio services to 49%, it said.
Currently, only 26% FDI is allowed in uplinking of news and current affairs channels and FM radio services.
It has also been recommended that the FIPB approval process be streamlined and made time-bound, Trai said.
Broadcast carriage services, for which the telecom regulator has recommended 100% FDI, include DTH, HITS, IPTV, mobile TV, teleports, cable networks and multi-system operators.