The executive committee of the Indian Newspaper Society (INS) on 2 August 2013 approved a proposal to increase Foreign Direct Investment (FDI) from 26 percent to 49 percent in print media. The INS will recommend of 49 percent FDI in print through the Foreign Investment Promotion Board (FIPB) route to the Information and Broadcasting Ministry.
The government will now require the proposal of the Press Council of India to give its go-ahead. In the last few decades, the print media business in India has grown exponentially and the prospects of future growth in the upcoming years appear bright.
To maintain this growth, the print media companies require an inflow of funds to expand and reach every corner of India.
When: 2 August 2013.