Foreign news magazines can have Indian editions

September 18th, 2008 - 6:00 pm ICT by IANS  

New Delhi, Sep 18 (IANS) In a further liberalisation of its media policy, the Indian government Thursday allowed foreign news magazines to have Indian editions.The cabinet notification said that such editions would be granted only to those Indian companies registered under the Indian Companies Act, 1956.

The publishers of such editions would be eligible for 26 percent foreign direct investment.

The notification said the decision would provide Indian readers access to foreign magazines at cheaper rates in comparison to the same magazines imported at much higher rates.

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