Thursday, 9 January 2014

EXTERNAL COMMERCIAL BORROWINGS (ECB) POLICY - LIBERALIZATION OF DEFINITION OF INFRASTRUCTURE SECTOR

ISSUING AUTHORITY : RESERVE BANK OF INDIA
DATE OF ISSUE : 06/01/2014
EFFECTIVE DATE : IMMEDIATE EFFECT
CIRCULAR NO. 85

The existing definition of infrastructure sector for the purpose of availing ECB has been extended to include the Harmonised Master List of Infrastructure sub-sectors and Institutional Mechanism. The List consists of (i) power (ii) telecommunication (iii) railways (iv) road including bridges (v) sea port and airport (vi) industrial parks (vii) urban infrastructure (viii) mining, exploration and refining (ix) cold storage or cold room facility

'Maintenance, Repairs and Overhaul' shall be treated as part of the sub-sector of Airport in the Transport Sector of Infrastructure for the purpose of ECB.

For detailed Circular, please follow the link below:
A.P. (DIR Series) Circular No. 85

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