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SREI: To boost infra RBI relaxation of ECB norms

Posted by BrickAcres on March 31, 2016
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Yesterday,the Reserve Bank of India relaxed norms for companies and
financial institutions to raise funds for infrastructure sector via
the external commercial borrowing route.

The world has opened up for raising funds for Indian infrastructure,”

The move would help increase availability of funding for
infrastructure projects, said SREI Infra Vice Chairman and ASSOCHAM
President Sunil Kanoria.

“Demand for construction and mining equipment has been increasing,
” Kanoria said, adding that such companies are poised to get
benefited from the central bank guidelines.

The Reserve Bank of India has allowed infrastructure and asset
finance NBFCs,core investment companies and holding companies to
raise funds via ECBs, it is subject to 100 percent hedging.

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