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IBF asks for Infra status for broadcasting industry

Press Trust of India  |  New Delhi 

The broadcasting industry has demanded infrastructure status for the sector in the pre-budget consultations held last week with Finance Minister Arun Jaitley, an industry body said today.

According to the Indian Broadcasting Foundation (IBF), the move would help the industry with a better and affordable financing options from the institutions.

"Grant of infrastructure status for broadcasting and content distribution sector was one of our key demands during the discussions," said IBF President Punit Goenka.

He further said: "Once infrastructure status is granted, broadcasters and distribution platforms will be aided with better and affordable financing options in the very capital intensive growth phase to realise the mission of complete digitisation in country."

Jaitley had invited various stakeholders for pre-Budget consultations on November 26.

Besides, the broadcasting industry has also discussed taxation issues.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 28 2016. 20:42 IST