FT chief pitches for foreign papers

8216;8216;The government is looking into the possibility of allowing fascimile of pages of foreign papers from India,8217;8217; Reddy said.

Guidelines on print disallow Indian editions of foreign newspapers in India, but he said, the government was sensitive to the issue. A GoM under Home Minister Shivraj Patil is currently looking into the entire gamut of foreign investment in print. He added that a mofussalisation of FDI was taking place in India with a Hindi paper attracting FDI.

Quite clearly for Fleurot, China and India were fascinating markets. Both countries, he felt, were were exceptions to the general trend of decline in circulation of newspapers elsewhere in the world. But to stay in business, Fleurot said, newspapers such as FT needed to add value to information. 8216;8216;Neither radio nor TV obliterated papers.8217;8217; The real threat was from the Web, which was revolutionising media. 8216;8216;It is powerful, interactive and there are no boundaries. People will read what they want, when they want it and where they want it,8217;8217; he said.