100% FDI allowed in DTH, Cable Network, Mobie Tv and HITS

[Sarkar]

What's wrong in it ? :skd

 

[98shubhamk]

What is this all about....
Can anyone take care to explain us

Due to this any chances of hike in DTH prices?

 

[piinku1]

What's wrong in it ? :skd

Nothing wrong in it. More investment will come.Few will get job and all profits will be transfered to their country.

But my point is if solution to every problem is FDI,then why we need an elected govt,we can save few thousand crores every year and few lakh crores in every 5 yrs which will reduce our fiscal deficit and boost GDP growth.

 

[Sarkar]

Nothing wrong in it. More investment will come.Few will get job and all profits will be transfered to their country.

But my point is if solution to every problem is FDI,then why we need an elected govt,we can save few thousand crores every year and few lakh crores in every 5 yrs which will reduce our fiscal deficit and boost GDP growth.

If i am not wrong then China is getting huge FDI in electronics manufacturing and has now become world's manufacturing hub for all types electronics gadgets which results their per capita income rose to almost 3 times of than average Indian. Are they jobless ?   :u

 

[Thakur]

Though several cable TV and direct-to-home (DTH) companies are looking to rope in foreign investors, industry experts feel that just putting the broadcast carriage services sector under 100% automatic route isn’t enough.

Nothing, after all, has changed since the government increased the FDI ceiling in the media sector almost seven months back.

Launching sweeping reforms in November last year, the government hiked the FDI limit to 100% from 74% in the broadcast distribution platforms like cable TV networks (MSOs and LCOs), DTH, teleport, HITS, mobile TV, and broadcasting content services. So, 100% FDI was already allowed in cable TV, DTH, teleport, headend-in-the-sky (HITS) and mobile TV companies.

What has changed is that the government has now allowed 100% FDI in broadcast carriage services to go through the automatic route.

Will this attract foreign investors to the cable TV, DTH and HITS companies?

Dish TV managing director Jawahar Goel does not think so.

“There is no red tapism after the FIPB (foreign investment promotion board) has come under the finance ministry.

It has a very transparent process. So, that is not why foreign strategic investors are not coming to the DTH or cable TV sector.

Taxation and regulatory issues remain two big negatives.” Goel, however, believes that the government’s move is in the right direction. “The government is interested in attracting FDI.

This (automation route) is an enabling clause.

Hopefully, the taxation issue will be sorted out when we introduce GST,” he said. DTH operators have another issue to tackle.

Though 100% FDI is allowed in DTH, there is a broadcast sector cap of 20% equity in a DTH company.


This has acted as a stumbling block for Star India to increase its stake in Tata Sky.

Currently, 21st Century Fox, parent of Star India, effectively holds 30% stake in Tata Sky while Tata Group owns 60% and the remaining 10% is with Temasek Holdings.

Hathway Cable & Datacom MD & CEO Jagdish Kumar believes that 100% FDI under the automatic route will reduce the red tape, but the dynamics of attracting investors into the cable TV sector wouldn’t change much.

Cable TV and DTH firms do not see any immediate impact on FDI inflows | TelevisionPost.com

 

[wewake]

@pinku2 bro - Bro not few will get jobs but many people will get job. Only few upper management people will come from foreign. Moreover they'll provide us technology and will improve our system. All the Lower And Middle Category Workforce will be used from India because it's impossible to carry lot of people from other countries by which they'll find difficult to settle down here.

If they'll not carry profits with themselves then no one will invest their money anywhere

 

[piinku1]

If i am not wrong then China is getting huge FDI in electronics manufacturing and has now become world's manufacturing hub for all types electronics gadgets which results their per capita income rose to almost 3 times of than average Indian. Are they jobless ?   :u

India can never be China just because it is a democratic country.Here NHRC,Employee union,Court,Media,Political parties  etc. will become obstacle in each step.
I never said about jobless.The number of employment generation what is said is just overhyped.

 

[piinku1]

@pinku2 bro - Bro not few will get jobs but many people will get job. Only few upper management people will come from foreign. Moreover they'll provide us technology and will improve our system. All the Lower And Middle Category Workforce will be used from India because it's impossible to carry lot of people from other countries by which they'll find difficult to settle down here.

If they'll not carry profits with themselves then no one will invest their money anywhere

Hope ur words come true. hya

 

[N.K raj]

Good Update

 

[therealityreturns]

Can anyone tell me what will be effect on TATA(Sky???