Govt to take up Dish TV, Walt Disney proposals seeking FIPB nod

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3 Nov 2010
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NEW DELHI: The Government is scheduled to take up proposals of Dish TV and the Walt Disney Company India seeking permission from the Foreign Investment Promotion Board (FIPB) next week. The proposal by Dish TV is understood to be the
transfer of shares from one company to another within the promoter holding group and would not entail any foreign direct investment. Meanwhile, the Walt Disney Company India’s proposal is among the eight proposals in the Information and Broadcasting sector. Other proposals pending before FIPB, headed by Department of Economic Affairs Secretary R Gopalan, include those by Vodafone Essar, Cordia International Corp, USA; and Essar Capital Holdings (India), Mumbai. The Board is expected to meet next week to examine the proposals and send their recommendations to Finance Minister Pranab Mukherjee. In its last meeting, FIPB had cleared 16 FDI proposals amounting to Rs 9.24 billion, including that of Star News Broadcasting Ltd...
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