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of <h1>India Revises FM Radio Foreign Investment Policy: Allows Up to 20% Equity, Including FDI and NRI Investments.</h1> The Government of India has revised its policy on foreign investment in terrestrial FM broadcasting. Previously, foreign investment was limited to 20% under Portfolio Investment Schemes, with no allowance for Foreign Direct Investment (FDI). Under the new guidelines, foreign investment, including FDI, Non-Resident Indian (NRI), and Person of Indian Origin (PIO) investments, is now permitted up to 20% equity in FM radio broadcasting services. This change is part of Phase II of the FM radio expansion program, aimed at enhancing local content, quality, and employment opportunities. The Ministry of Information and Broadcasting will specify terms and conditions for setting up FM radio stations.
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