Cable And Satellite Broadcasting Association Of Asia (CASBAA) On Tuesday Welcomed The Initiative Taken By The Government Of India To Increase Foreign Direct Investment (FDI) Limit.

Cable and Satellite Broadcasting Association of Asia (CASBAA) on Tuesday welcomed the initiative by the Indian government to increase foreign direct investment (FDI) limit.

All experts and panelists who attended the conference CASBAA was arrested in Hong Kong welcomed the decision of the Government of India, but also believed that instead of putting the caps in various sectors, the limit should be strengthened board by them to ensure the flow into the latest technology and content. "The industry in India needs an investment of nearly $ 4 million to modernize the industry and power cord to compensate for the scanning program initiated by the government in 2014. For this to happen on the ground, we must invest heavily in this sector, which is not available with the national players. For this to be done by 74 percent in all areas, Deepak''Jacob, Executive Vice President and General Counsel, Star India Pvt Limited, said at the conference .

He also emphasized the treatment of public and consumers with the latest technological improvements and the broadcasting industry, and they too should be exposed to the digital revolution is happening internationally. Multi system operators (MSOs) and local cable operators (LCOS) would have a significant role in this. However, the funds for a great disadvantage with the national players, this area needed a huge amount of foreign direct investment funds to prepare the country and its consumers with a real change. "We are pleased to move to improve the restrictions on foreign direct investment, which will open up the sector to flow better and funds, and I hope that reforms in this sector will continue at a good pace. We are also pleased that India has already made a big step towards the digitalization of cable services,''Simon Twiston Davies, CEO of CASBAA said.

Experts say the move is likely to help rapidly growing DTH six players get more private investment. This is because many operators such as Tata Sky DTH leaders, DishTV and Sun Direct have already reached the limit of 20% of FDI.