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172 Magazines Granted Permission To Launch In India

By Nikhil Pahwa - Fri 07 Mar 2008 06:13 AM PST

Expect rush of foreign publications in India, particularly in the print media space. Over the past year, we’ve seen the plans to publish Fortune magazine, the Economist, Rolling Stone, among others. Now the I&B minister PR Dasmunsi has told the Rajya Sabha that as many as 172 foreign magazines in the speciality/scientific/technical sector have been given permission to launch Indian editions. Apart from this, permission has also been granted for publication of 107 magazines by Indian co’s having Foreign Direct Investment - some of them 100 percent FDI. As of now, only news and current affairs publications are subject to an FDI limit of 26 percent. While I’m not foretelling the death of print media yet, it’s likely that some of these publications will also have their own websites for Indian readers. Of the ones I’ve mentioned above, Rolling Stone India is preparing its website.

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2 Responses:

From ARVIND SUKHIJA Fri 07 Mar 2008 11:31 AM

Seems to be an overload....where will the PAPER for these magazines come from....won’t it affecr GREEN INDIA MOVEMENT ??? Govt. seems to be in a mood of making every one happy...!!! ELcetion Season effect is on and visible every where...!!

From Loknath Swain Mon 17 Mar 2008 01:35 AM

This is a good news. Eventually, “best among the best “ will survive in Indian market which has seen the painful struggles of many Indian magazines. The whole rush to capture the Indian media market is deftely a welcome addition.

The coming days will see a new dawn in Indian media. It will have both positibve and negetive impact.