Mittwoch, März 02, 2005

News from Publishing India

In the newest issue of Indian Media Observer, March 1, 2005, Bhupesh Trivedi from India reports:

Import duty on printing presses slashed by 50 %:
The Indian government has slashed the import duty on printing presses by 50 per cent from the financial year April, 2005 to March, 2006 ... more

Government keen on allowing FII investments in print media:
Left-leaning Federal information and broadcasting minister S. Jaipal Reddy, in a surprise move, announced that his ministry was keen on enabling direct investments by foreign institutional investors in print media companies in India ... more

Mumbai set to witness a war of English dailies:
The English daily newspaper market in the country's commercial capital, Mumbai (Bombay), is all set to witness a major war ... more

Indian Express to go public in six months:
The dormant, but widely spread publishing group of Indian Express, has finally woken up.Debt-ridden Indian Express Newspapers (Bom) Ltd, which has several daily newspapers, magazines and online media vehicles, has now started working on coming out with an IPO to raise finances to launch new titles and expand existing ones ... more

Reader's Digest expects over 40 per cent growth in revenue this year:
Reader's Digest, the longest-surviving foreign title in the country, is expecting over 40 per cent revenue growth this year ... more

New launches:
Among the new launches planned are the Kolkata edition of English business daily FinancialExpress, talent magazine Platform, Chenai edition of English daily The Pioneer and Chandigarh edition of Hindi daily Dainik Jagran.