Will transform into an audio-video company in next 5 years: ENIL

In an interview to CNBC-TV18, Prashant Panday, MD and CEO of ENIL spoke about the latest happenings in his company and sector.

Pandey expects the next five years to be better for radio. He sees radio industry growing at 17-20 percent in the next five years.

“It is after a period of 10 years that radio has been allowed an expansion and the expansion effect will add another 5-7 percent to the regular growth rate of about 10-12 percent,” he added.

The company is yet to launch 3 radio stations from phase III batch 1 that is Jammu, Srinagar and Kozhikode in Kerala.