Know all the Procedures to Start FM Radio & Internet Radio stations in India?
Ease of Setup: FM Radio versus Internet radio
Since the FM radio frequency is very expensive, Riggro Digital has introduced the Internet radio technology to empower every radio aspitant to start their Internet radio Station. Uniquely, our online radio play at just 2 kbps per second. Thus many FM & Community Radios Stations are broadcasting their there FM radio stations on our platforms. They get several tools like automation & scheduling softwares with Auto DJ. This helps them to cut down their operation costs upto 90%.
They are using our radio hosting services and streaming audios on their FM radio stations connecting our android apps to their transmitters.
Cloud Automation & Internet radio Broadcasting Solutions for FM Radios
One of our clients, Radio Saptrang, says “We are extremely happy using the cloud automation radio broadcasting services by Riggro Digital. Now not only have less human dependency but also we are able to cut down our operational cost of our FM radio cost online by 90%. To Start Online FM Radio Station or best FM radio you have to get permission from MIB (Ministry of Information & Broadcasting India). No one is entitled to provide this license except the MIB.
History of Internet radio stations
The first Internet radio in the words was founded in 1993. Till date, we have developed the world’s best technologies. All the internet FM radio powered by Riggro Digital are amongst the World`s most popular online radio. They are listed on global radio websites & android & iphone applications like: radio.garden, TuneIn Radio, iHeartRadio, Sirius XM, Entercom, Pandora Radio and Citadel Broadcasting. To start an Internet Radio Station, there is no license required from the MIB due to the fact there is no spectrum or no Frequency is required. The Internet Radios use the user’s web connection for which the consumer is already paying. So as of now the MIB has nowhere stated any license for Starting an Internet Radio or Online Radio Station.
Expansion of FM Radios in India
The Ministry of Information & Broadcasting invited sealed Bids forms for expansion to start FM Radios in India through private agencies (Phase – II) as per TENDER No. 212/14/2005 – FM.
Further, to expand more reach of FM Radio broadcasting in the country, the Government has embarked upon Phase III to enable setting up of private FM Radio channels in all cities with a population of more than 1 lakh. The bidding for which was approximately from Rs. 50 Lakhs – upto Rs. 25 Cr depending upon the grades of the cities. Example- Mumbai, Nasik, Agra, etc.
What are the Permissions and investments required to set up FM Radio Stations
Permission for the channels are granted on the basis of a Non-Refundable One Time Entry Fee (NOTEF). NOTE is the capital investment for an FM Radio operator. NOTE also includes annual license fees and operational expenses. In the same manner, Reserved Price (RP) or say bid prices for FM Radio channels in a city, are largely depend upon the revenue generation potential of that particular city/coverage area. The Cabinet approved the RP for other 11 cities as Rs. 5 Lakhs as their population is less than 1 lakh and as these cities have their own strategic importance.
For new channels in existing FM Phase-II cities, the highest bid price received for that city in Phase-II.
And for new cities, Reserved Price will be calculated by various methods like Valuation of the FM Station, Valuation by GSDP (Gross State Domestic Product), Valuation based on Listener-ship, and Valuation based on revenue generation potential.
CITIES AND NUMBER OF CHANNELS TO START FM RADIO STATIONS IN INDIA.
A total of 338 channels in 91 cities across the country are being made available for bidding by Indian private companies at this stage for FM Radio License. The list of cities along with categories and the number of channels in each city for bidding is available on this Ministry’s website www.mib.nic.in.
Every applicant shall be allowed to bid for only one FM Radio License per city provided that the total number of Channels allocated to an applicant shall not exceed the overall limit of 15% of the total Channels allocated in India.
ELIGIBILITY FOR APPLICANTS WHO WISH TO START
In the applicant company, total foreign investment, including FDI by Overseas Corporate Bodies/Non – Resident Indians/Persons of Indian Origin etc., portfolio investments by Foreign Institutional Investors (FII), within limits prescribed by RBI shall not exceed 20% of the paid up equity in the entity, subject to the following conditions for FM Radio License in India:
Minimum Net Worth required for one Channel per City in each region :
|D category Cities||Rs. 50 Lakh|
|C category Cities||Rs. 1 Crore|
|B category Cities||Rs. 2 Crore|
|A or A+ category Cities||Rs. 3 Crore|
|All Cities in all regions||Rs. 10 Crore|
The applicant company who wants to Start FM Radio Stations would be required to furnish annual reports and audited final accounts for the last three years, or in the case of a newly incorporated company, balance sheets from the date of incorporation till March 31, 2005.
An applicant company registered after March 31, 2005 shall have to demonstrate its net worth as on 30.9.2005.