Government May Not Restrict FDI In Satellite Radio; To Entertain Unlimited Players

The government may not put any foreign direct investment restrictions on satellite radio, and is also likely facilitate the entry of multiple players into the fast growing satellite-based digital radio business in India. DNA reports, quoting senior government officials, that a satellite radio policy is being finalised and that may not contain any restrictions that would block FDI or impede the entry of more players.
Currently, WorldSpace, which has 114,000 subscribers in India, is the only satellite-based radio player. And 100 per cent FDI is allowed in this business. Globally there are companies like XM and Sirius. Within India, media companies like Sun TV and Reliance ADAG are contemplating an entry into the segment.
Earlier, there were reports of bringing in a 49 per cent FDI limit in satellite radio business.
Related:
Government Mulls Bringing Down FDI In Satellite Radio To 49%

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