The government is considering allowing investment by foreign institutional investors in the print media within the 26 per cent ceiling allowed for foreign direct investment, Rajya Sabha was informed on Monday.
Information and Broadcasting Minister Jaipal Reddy said that "representation has been received that FIIs be permitted subject to ceiling of 26 per cent and this is still under consideration".
Reddy said since FII flows are strictly monitored by the RBI and the Securities Exchanges Board of India, this route would enable control by the authorities unlike in the case of FDI.
He said through FII route, investors would not be able to exercise the same control as through FDI route.
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