Financial Times to launch facsimile edition
19 May 2009
Foreign newspapers are venturing into India now soon after the Government's decision to allow up to 100 per cent FDI. After Wall Street Journal launching its facsimile edition in Delhi and Mumbai on May 18, Financial Times is now expected to follow suit soon.
According to the new FDI norms for facsimile editions issued by the Commerce Ministry, up to 100 per cent FDI is allowed in facsimile editions of international newspapers provided the foreign investment in the Indian subsidiary is by the owner of the original foreign newspaper.
Yesterday, The Wall Street Journal Asia, the region's leading international business newspaper commenced printing in India in a comprehensive arrangement with The Express Group. The paper is priced at Rs 25. The paper will be printed Mondays through Fridays at The Express Group's print sites in New Delhi and Mumbai. The paper will be delivered the same day to individual and corporate subscribers and will be available at newsstands in major Indian cities.