FIPB defers decision on Worldspace web services proposal The Foreign Investment Promotion Board (FIPB) has deferred its decision to allow Worldspace to provide/undertake web based services in India.
At its meeting held on 20 April, the FIPB approved 22 proposals of foreign direct investment amounting to an estimated Rs 5.41 billion. While South Asia FM Ltd (SAFL) has got the FIPB (foreign investment promotion board) nod to increase its foreign direct equity, the Worldspace proposal has been put on hold. Says Worldspace India managing director, "We had sought clarification from FIPB on our plans to provide web based services. As you know, there is some confusion regarding the current regulatory scenario in this regard. I am not sure why FIPB deferred its decision again as all the ministries had given positive feedback when this issue came up for discussion at FIPB. We hope it will be cleared soon." http://www.radioandmusic.com/content/editorial/news/fipb-defers-decision-worldspace-web-services-proposal (Jaisakthivel, Chennai, India) From Chandigarh to Chennai - find friends all over India. Go to http://in.promos.yahoo.com/groups/citygroups/ ---[Start Commercial]--------------------- Order your WRTH 2009: http://www.hard-core-dx.com/redirect2.php?id=wrth2009 ---[End Commercial]----------------------- ________________________________________ Hard-Core-DX mailing list [email protected] http://montreal.kotalampi.com/mailman/listinfo/hard-core-dx http://www.hard-core-dx.com/ _______________________________________________ THE INFORMATION IN THIS ARTICLE IS FREE. It may be copied, distributed and/or modified under the conditions set down in the Design Science License published by Michael Stutz at http://www.gnu.org/licenses/dsl.html
