<h1>Foreign Equity Holders Can Enhance Credit for Indian Infrastructure Debt Without Prior RBI Approval.</h1> The External Commercial Borrowings (ECB) policy for the infrastructure sector has been liberalized. Direct foreign equity holders with at least 25% of paid-up capital and indirect foreign equity holders with at least 51% can now provide credit enhancements for domestic debt raised by Indian infrastructure companies and Infrastructure Finance Companies (IFCs) through capital market instruments. This can be done without prior Reserve Bank approval. Detailed guidelines are provided in the A. P. (DIR Series) Circular No. 28 dated September 26, 2011.