Union Cabinet extends 26% FDI to digital media1 min read 28 Aug 2019, 08:21 PM IST
This essentially means, for example that video streaming services like VOOT or ZEE5 may now be listed as separate companies and raise their own investment
Industry experts point out that there was no explicit policy on digital media previously
NEW DELHI : In what may be seen as the latest extension to Prime Minister Narendra Modi’s Digital India campaign, the Union Cabinet has approved 26% FDI (foreign direct investment) to digital media platforms. This was previously only applicable to print media in the country.
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