AFX News: If the news is to be believed, FM radio is going to be the most happening space in India media now.
India is to invite bids for more than 300 new FM radio stations, sparking a rush of global broadcasters to enter the country’s liberalized radio sector, officials said.
The information and broadcasting ministry will launch the process for 337 radio stations on Friday in a new stage in the opening of the sector started in the late 1990s. ‘There will be financial bids for 337 FM radio stations in 91 cities on January 6,’ a ministry official said, asking not to be named.
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