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.
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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