DTH operators registered Rs 7046.5 crore FDI inflows: Anurag Thakur

India currently has 4 operational DTH providers who account for FDI inflows of Rs 7046.5 crore including the share of Videocon d2h Ltd.

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By Basil Kannagi Arasu

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Direct to Home (DTH) operators in the country under broadcasting carriage service have to date attracted FDI inflows amounting to Rs 7046.5 crore, I&B Minister Anurag Thakur said in a statement laid on the table of the Rajya Sabha.

Out of the Rs 7046.5 crore FDI inflows to various service providers, Sun Direct Private Limited received Rs 841.55 crore, Bharati Telemedia Private Limited received Rs 2165.06 crore, Tata Play Limited received Rs 1869.89 crore, and Dish TV India Limited (including Videocon) received Rs 2170 crore.

The extant Foreign Direct Investment (FDI) policy allows 100% FDI under automatic route in Direct to Home (DTH) sector under broadcasting carriage service sector. The infusion of fresh foreign investment beyond 49% in a company not seeking a license from the sectoral Ministry resulting in a change of ownership pattern or transfer of stake by existing investor to a new foreign investor requires Government approval.

India currently has 4 operational Direct to Home (DTH) operators namely Tata Play, Dish TV, Sun Direct, and Bharti Telemedia all of whom signed the new DTH license agreement on 1st April 2021.

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Basil Kannagi Arasu

News Reporter

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Basil likes to cover the latest happenings in the Media and Entertainment Industry in India. You can always find him browsing his phone.

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