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of <h1>Services Sector Gains ECB Access: Hotels, Hospitals, Software Firms Can Borrow Up to USD 100M Annually for Capital Goods.</h1> The circular announces the liberalization of External Commercial Borrowings (ECB) for the services sector, specifically allowing hotels, hospitals, and software companies to access up to USD 100 million per financial year for importing capital goods under the Approval Route. This change does not affect other ECB policies. Additionally, existing guidelines on trade credit for services sector companies remain unchanged, permitting up to USD 20 million per import transaction for periods under three years. These amendments are effective immediately, with further regulatory updates to follow. Authorized banks are instructed to inform their clients of these changes.
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