FIPB nod

IN Media Watch Briefs | 05/03/2008

In 2007,  37 media and broadcasting proposals were cleared by the Foreign Investment Promotion Board, a  much higher number than in previous years.  Among the applications to have got the FIPB approval in 2007 were Malaysia-based South Asia Entertainment Holding for picking up to 20 per cent FDI in Sun TV¿s direct-to-home (DTH) venture, which attracted the highest level of foreign investment in 2007 at Rs 675 crore.