ANNOUNCEMENT 07 Jul 2011In July 2011, the government of India announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
Ministry of Informatino & Broadcasting. (2011). Policy Guidelines for expansion of FM Radio Broadcasting services through private agencies (Phase-Ill). Available at http://pib.nic.in/newsite/erelease.aspx?relid=73074
On 7July 2011, the government of India raised its cap on foreign ownership in the FM radio sector.
Under the new regulation, foreigners may hold up to 26 percent of an Indian FM radio enterprise. Prior to the change, the cap had been set at 20 percent.