MANU/APDR/0133/2013

Ministry : Reserve Bank of India

Department/Board : RBI A.P. DIR (Series)

Circular No. : A.P.(DIR Series) Circular No.48
                   RBI/2013-2014/270

Date : 18.09.2013

Notification/ Circulars Referred : A.P. (DIR Series) Circular No. 5 dated August 1, 2005 MANU/APDR/0011/2005;A.P. (DIR Series) Circular No. 20 dated October 8, 2008 MANU/APDR/0088/2008;A.P. (DIR Series) Circular No. 38 dated March 02, 2010 MANU/APDR/0027/2010

Citing Reference:
A.P. (DIR Series) Circular No. 5 dated August 1, 2005 MANU/APDR/0011/2005  Referred

A.P. (DIR Series) Circular No. 20 dated October 8, 2008 MANU/APDR/0088/2008  Referred

A.P. (DIR Series) Circular No. 38 dated March 02, 2010 MANU/APDR/0027/2010  Referred

To

All Category-I Authorised Dealer Banks
Madam/Sir,

External Commercial Borrowings (ECB) Policy-Liberalisation of definition of Infrastructure Sector

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 includes: (i) power, (ii) telecommunication, (iii) railways, (iv) road including bridges, (v) sea port and airport (vi) industrial parks (vii) urban infrastructure (water supply, sanitation and sewage projects), (viii) mining, exploration and refining, (ix) cold storage or cold room facility, including farm level pre-cooling, for preservation or storage of agricultural and allied produce, marine products and meat.

3. Taking into account the Harmonised Master List of Infrastructure sub-sectors and Institutional Mechanism for its updation approved b........