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India Plans To Up Foreign Investment Cap In TV Distribution Firms

Raja

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9 Feb 2011
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-India's information and broadcasting ministry is looking to increase the foreign investment limit in satellite television distribution companies to help them meet the spending required to digitize their networks, according to a ministry document.

The country currently limits foreign investment in satellite TV distribution companies at 49%. The ministry's strategy document for 2011-2017, posted on its website, didn't mention the proposed limit.


http://online.wsj.com
 
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