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FinMin considering granting infrastructure status to broadcast industry, says Naidu

NEW DELHI: The Finance Ministry will take a decision on granting infrastructure status to the broadcasting industry, Information & Broadcasting Minister Venkaiah Naidu said.

Venkaiah NaiduThe Ministry of Information & Broadcasting (MIB) had already examined the request of the Indian Broadcasting Foundation (IBF) and recommended the demand of the industry to declare it as ‘Infrastructure’ to the Ministry of Finance, Naidu told the Rajya Sabha.

The IBF had provided a pre-Budget memorandum for Union Budget 2016–17 requesting grant of infrastructure status to the broadcasting industry.

The Department of Economic Affairs under the Ministry of Finance was considering the matter for an appropriate decision, Naidu said.

In the present era of convergence when the distinction between telecom, information technology and broadcasting sectors is getting reduced, the IBF feels that the broadcasting sector should be given infrastructure status.