Borrowers in services sectors eligible to avail ECB

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....orrowers in services sectors eligible to avail ECB <br>News and Press Release<br>Dated:- 1-6-2008<br><BR>The External Commercial Borrowing (ECB) policy is regularly reviewed by the Government in consu....

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....ltation with Reserve Bank of India (RBI) to keep it in tune with the evolving macroeconomic situation, changing market conditions, sectoral requirements, the external sector and lessons of experience.....

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.... Consequent upon such a review, it has been decided to modify some aspects of the ECB policy as indicated below: At present, borrowers in the services sector are not eligible to avail ECB under the....

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.... automatic route. It has been decided that henceforth borrowers in the services sector viz hotels, hospitals and software companies may avail ECB upto US$ 100 million for import of capital goods under....

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.... the approval route. These amendments in the ECB Policy will come into force on the date of Notification of Regulations/directions issued by the Reserve Bank in this regard under the Foreign Exchang....

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....e Management Act, 1999. BSC/KW/MP/135/08<BR> News - Press release - PIB....