The Media sector in India is said to be the 5th largest media and entertainment market in the world. The broadcasting and distribution industry in India is huge and it has 900 satellite TV channels, 6,000 multi-system operators, 60,000 local cable operators, 7 DTH operators, and few IPTV service providers.
Internet usage in the country comes in the second-highest position after China at 570 mn Indian internet users and this figure is said to increase in the coming times.
According to predictions by 2022, the Media & Entertainment industry will be reaching $34 billion at a CAGR of 10%.
The government of India has allowed 100?I in Publishing/Printing of Scientific and Technical Magazines/Speciality Journals/Periodicals through the government route.
Up to 100%, FDI allowed in Teleports, DTH, Multi-System Operator, cable networks in DAS areas, mobile TV, Headend-in-the-Sky Broadcasting Services.
ABOUT THE COMPANY
The vision of the company was to expand its media company in Hyderabad. They did not have enough funds for their expansion project for which they were looking for soft loans and contact FDI India.
After the successful soft loan provided to the media company. The expansion project in Hyderabad has started and the media company will be fully functioning in the next one year.