A4Akash
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Anurag Thakur said in the Lok Sabha that four private direct-to-home (DTH) operators had received foreign direct investment (FDI) worth Rs 7047 crore so far. Each DTH operator received the following amounts of FDI: Dish TV India + Videocon d2h (Rs 2170 crore), Bharati Telemedia (Rs 2165.06 crore), Tata Sky (Rs 1869.89 crore), and Sun Direct TV (Rs 1869.89 crore) (Rs 841.55 crore).
"According to current FDI policy, 100 percent FDI via the automatic route is permitted in the DTH industry under the Broadcasting Carriage Service sector. However, fresh foreign investment of more than 49 percent in a company that is not seeking a licence or permission from a sectoral Ministry, resulting in a change in ownership pattern or a transfer of stake from an existing investor to a new foreign investor, will necessitate Government approval," Thakur said.
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"According to current FDI policy, 100 percent FDI via the automatic route is permitted in the DTH industry under the Broadcasting Carriage Service sector. However, fresh foreign investment of more than 49 percent in a company that is not seeking a licence or permission from a sectoral Ministry, resulting in a change in ownership pattern or a transfer of stake from an existing investor to a new foreign investor, will necessitate Government approval," Thakur said.
DTH received FDI worth 70747 crore: Anurag Thakur
Information and Broadcasting (I&B) Minister Anurag Thakur said in the Lok Sabha that four private direct-to-home (DTH) operators had received foreign direct investment (FDI) worth Rs 7047 crore so far.
