The executive committee of the Indian Newspaper Society (INS) has passed a proposal to increase Foreign Direct Investment (FDI) in print media from 26 percent to 49 percent.
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 need the nod of the Press Council of India to give its go-ahead.
The print media business in India has grown exponentially in the last few decades and the prospects of further growth in the coming years are enormous.
To sustain this growth, the print media companies need an inflow of funds to expand and reach every corner of India.
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