Media & Entertainment sector takes solace from digitisation push in Budget

Govt announces Rs 10,000 Crores for 'Bharat Net' project to provide high speed broadband connection

While the Union Budget came as a slight disappointment to the media and entertainment sector since there was no mention of benefits for Direct-To-Home (DTH) or film exhibition sector, the digital players can hope for better days given the government’s thrust on digital economy. 

The finance minister announced Rs 10,000 Crores for the ‘Bharat Net’ project to provide high speed broadband connection in 1.5 Lakh gram panchayats by the end of 2017-2018, with optical fibres already being laid across 1.55 Lakh kilometres till now. 

Siddhartha Roy, chief executive officer (CEO), Hungama.com said, “Focus on digital infrastructure in the current budget is extremely