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India: Indian partner protests Walt Disney plan for wholly-owned subsidiary.
NEW DELHI, Nov. 2. WALT Disney Television International's (Asia Pacific) plan to set up a 100 per cent subsidiary in India has run into rough weather with the company's Indian joint venture partners, the Modi group, raising objection against the proposal stating that it could adversely affect the existing joint venture company.
The Foreign Investment Promotion Board (FIPB), which took up the proposal for consideration, has deferred a decision for two weeks on the grounds that certain policy aspect needed to be clarified.
Walt Disney is the second largest media company in the world with an annual revenue of $25.4 billion last year. It has informed the FIPB …
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