Network18, an Indian mass media company with interests in television, print, internet, film, mobile content and allied businesses, has announced that it has plans to launch a new channel in 2014. The company wants to launch an exclusive Gujarati language channel called CNBC Bazaar.

The channel will be business news channel focussing on the region in India. The news was confirmed by Chief Executive Officer B Sai Kumar, who noted that the launch is likely to take place soon. Apart from CNBC Bazaar, the company also plans on starting its second general entertainment channel this year. Group Founder and Managing Director Raghav Bahl said, “The media industry is doing well at present, and this is something which has been in the making for the last 10 years.”

Currently the company runs the oldest CNBC-TV18, which is the oldest English business news channel in India. It also runs the popular general entertainment channel called Colors. It’s second GEC will be launched under the name Rishtey. Kumar has also noted that the rise in niche channels has occurred due to digitisation in India.

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