The Department of Industrial Policy and Promotion (DIPP) has issued a consolidated FDI policy effective from August 28, 2017. A l00 percent FDI is allowed in broadcasting carriage services; teleports, DTH, cable networks, mobile TV, and HITS follow an automatic route for both digital and non-digital carriage services. In broadcasting content services, 49 percent FDI is allowed for terrestrial broadcasting FM and up-linking of TV channels for news and current affairs. A 100 percent FDI is allowed for up-linking of non-news and current affairs TV channels/down-linking of TV channels.
Infusion of fresh foreign investment, beyond 49 percent in a company not seeking license/permission from sectoral ministry, resulting in change in the ownership pattern or transfer of stake by an existing investor to a new foreign investor, will require government approval.