Digital media doors opened

New Delhi: The Union Cabinet on Wednesday approved 26 per cent foreign direct investment (FDI) in digital media with government approval. Currently, 49 per cent FDI is provided under the approval route in news channels and the government has now decided to expand the span of FDI to the digital meda space.

"The extant FDI policy provides for 49 per cent FDI under approval route in up-linking of 'News & Current Affairs' TV channels. It has been decided to permit 26 per cent FDI under government route for uploading/streaming of news and current affairs through Digital Media, on the lines of print media," an official statement said. The decision is expected give a boost to the booming digital media space in the country.