The Press Information Bureau of the Government of India on Foreign Ownership in Print Media
The Minister of Information & Broadcasting and Parliamentary Affairs, Shri P. R. Dasmunsi has given this written reply to questions from the Indian Upper House of Parlament (Rajya Sabha):
"Several Indian companies engaged in publishing newspapers and periodicals dealing with news and current affairs have been allowed to bring in Foreign Direct Investment (FDI) subject to the maximum limit of 26% of their paid up equity capital.
A large number of Indian companies publishing scientific/technical and speciality magazines/periodicals/journals have been permitted to bring in FDI up to the maximum limit of 100% of their paid up equity capital. Permission has been given for publication of 107 magazines/journals in the speciality/scientific/technical sector by Indian companies having FDI. In addition, permissions have been granted for publication of 172 magazines/journals as Indian editions of various foreign magazines/journals in the scientific/speciality/technical sector. As such there are no factors preventing foreign media from entering India."
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