Mumbai, May 29, 2003: Welcoming the announcement of the Government of India reducing the Custom Duty on Set Top Boxes to 5%, IndusInd Media & Communications Limited (INCableNet) is delighted to announce its introductory scheme starting from June 15, 2003, of making available Digital Set Top Boxes to customers at a deposit of Rs 999/- plus a nominal daily rent of Re 1/-. The Pay TV services will be provided under the brand name of 'INDigital' and will be available to its Cable TV subscribers in Mumbai and Delhi.

INCableNet has already placed firm orders for all the other equipment necessary for implementation of CAS, such as Digital Headends; Conditional Access Systems; Subscriber Management Systems in order to smoothly implement Pay TV services as mandated by the government from 15th of July 2003.

This introductory offer is valid upto third week of July, to pass on the benefit of the custom duty concessions announced by the government to customers. INCableNet has several more schemes in the pipeline to provide Set Top Boxes on soft terms. This will remove the disinformation and misgivings in the minds of public and eliminate the bogey of high cost of the Set Top Boxes and consequent financial burden on the customer.

It will be the effort of INCableNet to ensure that the introduction of CAS is not a burden on the common man. INCablenet will soon be announcing a helpline number on which consumers can ask their questions regarding the schemes, box promotions etc.

INCableNet hopes that Pay TV broadcasters will work with the Cable TV Industry and match the gesture of the government and the investment of the MSO & Cable Operators to make an affordable and smooth transition to CAS ensuring high quality Pay TV services. INCableNet will, within the FTA price of Rs.72/-, provide seventy (70) Free-To-Air channels. It will be INCableNet?s effort to ensure that with the introduction of CAS, the customer will not have to pay more for Cable TV services and have a reasonable choice of channels available to them.