Information and Broadcasting sector among major FDI beneficiaries in FY-2016

NEW DELHI: With a total sum of Rs 454.23 crore coming in as foreign direct investment (FDI) up to May this year during FY-2015-16, the Information and Broadcasting sector, including the print media, has been among the biggest beneficiaries of FDI.

Speaking in the Rajya Sabha today, Commerce Minister Nirmala Sitharaman said that proposals for big investments pertained to Pharmaceuticals, Information & Broadcasting, Insurance, Non-banking Finance companies, Private Banks and other financial sectors.

There were 19 proposals of big investments, each in excess of Rs 100 crore under consideration of Government.

“The estimated investment in respect of these proposals is Rs 30,552.45 crore,” she added.