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TMI BlogExternal Commercial Borrowings (ECB) Policy – Liberalisation of definition of Infrastructure SectorX X X X Extracts X X X X X X X X Extracts X X X X ..... Attention of Authorised Dealer Category I (AD Category I) banks is invited to the A.P. (DIR Series) Circular No. 5 dated August 1, 2005 , A.P. (DIR Series) Circular No. 20 dated October 8, 2008 and A.P. (DIR Series) Circular No. 38 dated March 02, 2010 relating to External Commercial Borrowings (ECB). 2. The existing definition of infrastructure sector for the purpose of availing ECB ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ors for the purpose of ECB include: (a) Energy which will include (i) electricity generation, (ii) electricity transmission, (iii) electricity distribution, (iv) oil pipelines, (v) oil/gas/liquefied natural gas (LNG) storage facility (includes strategic storage of crude oil) and (vi) gas pipelines (includes city gas distribution network); (b) Communication which will include (i) mobile telepho ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... embankments, etc.) and (vi) storm water drainage system; (e) (i) mining, (ii) exploration and (iii) refining; (f) Social and commercial infrastructure which will include (i) hospitals (capital stock and includes medical colleges and para medical training institutes), (ii) Hotel Sector which will include hotels with fixed capital investment of Rs. 200 crore and above, convention centres with fi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rience gained in this regard. 6. Necessary amendments to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000 dated May 3, 2000 have been issued vide Notification No. FEMA 281/2013-RB dated July 19, 2013 notified vide G.S.R. No. 627(E) dated September 12, 2013. 7. AD Category I banks may bring the contents of this circular to the notice of their co ..... X X X X Extracts X X X X X X X X Extracts X X X X
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