The minister maintained that the ongoing digitization will not be abandoned, Radio phase III licensing will be processed faster, news allowed in FM radio, current DAVP rates will be relooked and self regulation advocated for print medium.
?We believe that soft power of Indian M&E Sector can bring innumerable benefits to the Indian economy. The M&E industry provides direct employment to around 10 million people and has the potential to double the number. This sector also is on the cusp of achieving the same global success that the Indian IT industry has achieved,? said Ajay Shriram, President, CII in his opening address.
Bimal Julka, Secretary, Ministry of Information & Broadcasting said his Ministry will be an ?enabler and facilitator? and will create single window clearance with no ?multiple grills?. He said the phase III FM Radio auctions will be completed by December 2014. Shri Julka also made a request to the M&E industry to present budget proposals to his Ministry by June 23 to be presented to the finance ministry.
Sudhanshu Vats, Chairman, CII Media & Entertainment Committee and Group CEO, Viacom 18 Media Pvt. Ltd said accountability, clarity and foresight from M&E stakeholders will take the sector to new heights.