[icernet] No easy shift to mags for foreign book publishers

[Arul Selvan]

IT'S not going to be an easy transition from books to magazines for 
foreign publishing houses operating in India. If any of these publishing 
houses plan to bring out foreign journals and magazines, they would have 
to adhere to the sectoral norms on foreign direct investment (FDI) 
stipulated by the Government.

Currently the organised publishing industry in India accounts for more 
than Rs 1,600 crore revenues annually which include around Rs 300 crore 
exports. Though no specific figure is available for the numerous small 
publishers spread across the country, the industry estimates that the 
total national turnover of the domestic publishing industry will be in 
excess of Rs 2,000 crore. It is also estimated that India currently has 
13,000 publishers bringing out 60,000 new titles each year.

Source:
http://thehindubusinessline.com/2002/12/03/stories/2002120302490500.htm