The FDI Decision fits in with our plans: Shekhar Gupta

What has been done is logical. A lot of lobbying has prevented this from happening. Also the political class was not courageous enough. It‘s good this decision has been taken now. The momentum was too strong to allow FDI in print. They have allowed it in radio, TV, and several other sectors, so they could not hold it back any more. Once FDI in Indian print media progresses, they will know that there‘s no real problem.

With FDI being permitted, it‘s quite likely we will see a few new groups emerging because they will be able to access capital from the stock markets. Shekhar Gupta Editor-in-chief Indian Express Newspapers (Bombay) Ltd

As far as our group is concerned, our ongoing restructuring will continue to fall into place. We have been planning for this. In the course of time, we will be studying an IPO, a foreign strategic partner. It fits into our plans and is fully in sync with what we wanted.

I think the whole ball game is changing.With FDI being permitted, it‘s quite likely we will see a few new groups emerging because they will be able to access capital from the stock markets. Earlier on, certain groups had made investment by foreign institutions a problem. I think wth FDI being permitted the FII investment issue also should be sorted out.