Clarifying FDI Policy related Digital Media
16 Oct 2020
On 16 October 2020, the Ministry of Commerce and Industry issued a Clarification on FDI Policy for uploading/streaming of new and current affairs through Digital Media. Accordingly, entities engaged in uploading / streaming of news and current affairs through digital media platforms are permitted to receive FDI up to 26% under the government approval route.
The Clarification also states that the FDI restrictions as set out in the Press Note 4 of 2019 dated 18 September 2019 shall apply to the following categories of companies in the digital media space, which are registered or located in India:
- digital media entities streaming/uploading news and current affairs on websites, apps or other platforms;
- news agency which gather, write and distribute/transmit news, directly or indirectly, to digital media entities and/or news aggregators; and
- news aggregator, being an entity which, using software of web application, aggregates news content from various sources, such as news websites, blogs, podcasts, video blogs, user submitted links, etc. in one location.
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Type:
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Entry and establishment (Ownership and control)
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Industry:
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Services (Publishing, audiovisual and broadcasting activities)
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Sources:
