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    <title>Can ECB proceeds be used by eligible resident borrowers for investment in their overseas JV/WOS as per the extant overseas investment guidelines?</title>
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    <description>Use of External Commercial Borrowings by eligible resident borrowers is permissible for investment into their overseas joint ventures or wholly owned subsidiaries where such application is allowed under the prevailing overseas investment guidelines.</description>
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      <description>Use of External Commercial Borrowings by eligible resident borrowers is permissible for investment into their overseas joint ventures or wholly owned subsidiaries where such application is allowed under the prevailing overseas investment guidelines.</description>
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