Indian Lifts 74% Limit on Foreign Investment for Non-News Print Media

Asia Busines Media reports - based on a report on Exchange4media:

Indian government has lifted the 74% cap on foreign investment in non-news print media opening the door for wholly foreign-owned publishing in most magazine and journal sectors.

But Investors still need clearance from the Ministry of Information & Broadcasting, the Foreign Investment Promotion Board and the Reserve Bank of India.

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Exchange4media: FDI limit on non-news publications goes