Don’t miss the latest developments in business and finance.

Special Economic Zones Norms Eased Further

Image
Sidhartha NEW DELHI
Last Updated : Nov 07 2000 | 12:00 AM IST

The commerce ministry is planning to further liberalise norms for special economic zones, by permitting units in the SEZs to raise external commercial borrowings without any cap on the maturity period.

Senior commerce ministry officials told Business Standard that the matter has been discussed with the Reserve Bank of India and a notification will be issued soon.

At present, the units can raise ECBs with maturity of three years and above but the government is now planning to permit units in the SEZs to raise capital abroad without putting a restriction maturity, sources said.

More From This Section

First Published: Nov 07 2000 | 12:00 AM IST

Next Story