MUMBAI, June 21, 2016 /PRNewswire/ --
Prime Minister Narendra Modi-led NDA government has increased the ceiling on Foreign Direct Investment (FDI) in the media sector as part of its continuing reform exercise to attract more investment into the country and further globalization of the sector.
The government has increased the FDI limit to 100 per cent in the broadcast distribution platforms like Direct to Home (DTH), teleports, Mobile TV, Headend-in-the Sky Broadcasting Service (HITS) has been opened up and 100% FDI through automatic route can now be invested. Previously this limit was 49%. This 100% FDI is a further boost to the sector and with impending digitization of the analogue cable markets this is a welcome step. This step will bring in more investors to the sector who will see a huge opportunity waiting to be tapped.
Mr. Anil Khera - Chief Executive Officer, Videocon d2h added, \"We welcome this move of government. This will boost the overall investments in the sector in the long run and will drive participation of global players in the fast growing Indian media sector.\"
Videocon d2h has prided itself in presenting its subscribers with a robust line-up of 550 channels and services, including a host of regional channels. It offers a wide range of active services like smart services including Smart English, Smart Games. The other active services include d2h Hollywood HD, d2h music, d2h spice, d2h cinema in both Standard Definition and HD, etc.
About Videocon d2h:
Videocon d2h is India's fastest growing DTH service provider which offers over 550 channels and services. Videocon d2h is launching HD Smart Connect Set top Box (Connected Set top box) which converts your existing normal TV into a Smart TV. The connected set top box allows one to browse content from Facebook, Twitter, Daily Motion, video-on-demand sites, news sites, weather sites, etc through applications residing on STB. Powered by the MPEG-4 and DVB-S2 technology, Videocon d2h transforms your TV into a hub of entertainment and knowledge. It offers a wide range of active services including Smart English, Smart Games. The other active services include d2h Hollywood HD, d2h music, d2h spice, d2h cinema in both Standard Definition and HD, etc. It launched India's first 4K Ultra HD DTH channel service. Videocon d2h offers India's first Radio Frequency Remote Control. Videocon d2h also offers 45 'HD' channels and services. Videocon d2h has a pan India sales & distribution channel, superior service orientation & a track record of introducing technologically innovative product and service offerings. Videocon d2h has over 300 own service centres spread across 7500 top towns in India to attend and resolve the service issues within 4-6 hrs.
SMART Services, a value-added bouquet of learning activities and games include Smart Kids, Smart English and Smart Games, all available on subscription basis. Smart English is for an interactive way to learn English. Smart Kids will cater to toddlers and kindergarten kids with nursery rhymes and stories, it also has science videos for the grown up children. Smart Services of Videocon d2h has something good to offer for every member of family right from an infant to housewife.
Videocon d2h was the first Indian media company to be listed on NASDAQ, USA. Videocon d2h has been awarded as India's Most Trusted Brand 2016, Pay TV Operator of the Year at MIPCOM Cannes 2015, Asia's most promising DTH brand 2013 & 2014, India's Best brand by Economic Times 2014, India's Most Promising Brand by Economic Times 2015 & recognised as top 50 dream companies to work for by World HRD Congress.
SOURCE Videocon d2h