Panel formed to report on foreign investment in media

December 7, 2001
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December 07, 2001

Kathmandu: The government has formed a high level committee to look into foreign investment in media and report to the government within 15 days with recommendations whether or not foreign investments in the media sector should  be allowed.

The committee is headed by joint secretary at the Ministry of Information and Communication Hem Raj Poudel. Other members of the committee are representatives from the Federation of Nepalese Journalists, industrial organizations and Press Council, according to Ministry of Information and
Communication.

The formation of the committee came following the objection of some Nepalese media people to investment in media sector by foreigners.