India allows Wall Street Journal to publish facsimile editionFebruary 11th, 2009 - 6:57 pm ICT by IANS
New Delhi, Feb 11 (IANS) The government Wednesday gave approval to two foreign newspapers, the Wall Street Journal and the Wall Street Journal Asia, to publish their facsimile editions from India.
This is for the first time the government has approved the publication of the facsimile edition of foreign newspapers.
“The information and broadcasting ministry has for the first time given approval for the publication of the facsimile edition of foreign newspapers by allowing the publication of the Wall Street Journal and the Wall Street Journal Asia,” an official statement said here.
“The aforementioned newspapers will be brought out by Wall Street Journal India Publishing Private limited, a wholly owned subsidiary of Dow Jones and Company Inc., US,” the ministry statement said.
“The permission for foreign direct investment worth Rs.2.16 crore (Rs.21.6 million or $443,000) was given earlier,” it added.