The Financial Times, FT, of
London
has plans to publish from
India,
for a change in the present policy that allows only 26% foreign direct
investment, FDI, in the print media.
Lionol Barber, the editor of Financial Times announced that
he is taking two weeks out, not only to know the country better but also to
persuade policymakers to allow FT to publish for an Indian audience from
India.
At a meeting with Commerce Minister Kamal Nath, among other
government leaders, Barber made a strong case for policy change, talking about
its influence over global business leaders, and holding the flag for Lakshmi
Mittal, in his fight for Arcelor.
Talking to CNBC-TV18, he said, "We will be very
different from everyone else and not just in terms of colour. But will aim for
elite readership, global minded business reader, it's a niche product and this
business model we have been pursuing very successfully in the US. Now we sell
more in the US than UK."
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