Britain’s Independent newspaper plans Indian edition

The Independent has announced plans to publish in India, making it the first British newspaper to be printed on the subcontinent. Pending government approval, it will be printed on the presses of its Indian associate, Jagran Prakashan, India’s largest newspaper company, in which its parent company, Independent News & Media plc (INM), has a 20.8 per cent stake. The Indian edition will be aimed at the high end of the local market, plus the leading hotel groups and embassies, mostly around the major cities, with estimated sales of 5,000 copies a day. Jagran, which listed on the Mumbai Stock Exchange earlier this year, publishes the Hindi daily newspaper Dainik Jagran, which has a readership of over 20m daily and recently reported a 32 per cent increase in advertising revenues. It is controlled by the Gupta family which, in partnership with INM, is also moving into India’s rapidly growing radio and outdoor advertising markets. (The Independent,September 18, 2006)

Pressrelase from Jagran Prakashan about this: Link 

Today’s indian frontpages: Link 

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