US investors keen to fund India’s digital transformation

December 9th, 2011 - 3:49 pm ICT by IANS  

Washington, Dec 9 (IANS) US investors are keen to help fund India’s digital transformation, according to the US-India Business Council (USIBC), a major US trade advocacy group seeking better commercial ties with India.

Leading US entertainment companies and investors focused on India’s push towards digitisation of the nation’s television entertainment and broadband convergence platforms at a roundtable discussion at the Harvard Club in New York Thursday.

Roundtable participants praised the government of India as well as India’s leading entertainment companies for their work in India to create a clear and forward looking policy framework for this key sector, USIBC said.

Joining the roundtable discussion organized by the USIBCand Media Partners Asia were more than 40 senior executives from leading US entertainment companies and global private equity investment firms.

Vivek Couto, Executive Director of Media Partners Asia, leading independent provider of information services, said, “India’s television and broadband digital infrastructure market is on the cusp of a high growth phase similar to North America between 1998 and 2003, Korea during 2003-7, and Taiwan during 2005- 10.”

Expanding on this point, Ron Somers, President of the USIBC, said “The forward looking actions of the Indian government policymakers will significantly benefit the Indian consumer by spurring digitization and transformation of India’s vast analog cable and satellite television sector.”

(Arun Kumar can be contacted at arun.kumar@ians.in)

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