The Government has notified changes in the print media guidelines, approved by the Cabinet in mid-June, that sought to facilitate greater foreign presence in print media through printing of facsimile editions of foreign newspapers and periodicals, and enhancement of the syndication limits in Indian newspapers.
As per the new guidelines for foreign investment in print media, investments by Non-Resident Indians, Overseas Corporate Bodies, Persons of Indian Origin and portfolio investments by recognised Foreign Institutional Investors will be permitted within the existing ceiling. Earlier, only FDI was allowed.
The present limit of 7.5 per cent of the total printed area of a particular issue has been increased to 20 per cent with the stipulation that the syndicated material does not include the full copy of the editorial page or the front page of the foreign publication.
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