External Commercial Borrowings (ECB) for Infrastructure facilities within National Manufacturing Investment Zone (NMIZ).

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..... nufacturing Investment Zone (NMIZ) Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, notified vide Notification No. FEMA 3/2000-RB dated May 3, 2000 , as amended from time to time and A.P. (DIR Series) Circular No. 5 dated August 1, 2005 , as amended from time to time. .....

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..... IZ also to avail of ECB under the "approval route" for providing infrastructure facilities within the NMIZ, as indicated above. 4. The modifications to the ECB policy will come into force with immediate effect. All other aspects of the ECB policy, such as, recognised lender, average maturity, all-in-cost, prepayment, refinancing of existing ECB and reporting arrangements shall remain unchanged .....

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..... facilities, as defined under the extant ECB policy within the SEZ. Keeping in view the infrastructural needs of the proposed National Manufacturing Investment Zones (NMIZs), it has now been decided to allow developers of NMIZ also to avail of ECB under the "approval route" for providing infrastructure facilities, as defined under the extant ECB policy within the NMIZ. The details are given vide .....

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