Only large radio networks to benefit from extension of FDI limit, say experts


  In a surprising move, the central government announced that FDI limit would be increased for private FM sector, among other sectors; a decision that has been welcomed by the radio sector which has been asking for an increase in foreign investment limit for years. However, many experts believe it will only be beneficial for large radio networks. According to the new government policy, the FDI limit for private FM will be increased from 26 per cent to 49 per cent. Even though there have been calls for the limit…

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