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Source: media reports

Overseas loan rules for infrastructure cos eased

Overseas loan rules for infrastructure cos eased
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First Published: Thu, Jul 02 2009. 12 36 AM IST
Updated: Thu, Jul 02 2009. 12 36 AM IST
New Delhi: The government removed some restrictions on overseas borrowings by companies building roads, ports, utilities and other infrastructure, the finance ministry said.
The government will allow developers of special economic zones to raise money overseas, the ministry said in a statement on Wednesday. Such companies were previously not permitted to use foreign funds for infrastructure projects. The use of foreign funds to build integrated townships was also extended for six months.
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First Published: Thu, Jul 02 2009. 12 36 AM IST