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RBI includes more segments under infra definition for ECBs

According to the liberalised definition, energy sector would include electricity generation, electricity transmission, electricity distribution and oil pipelines

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Press Trust Of India
The Reserve Bank of India on Wednesday expanded the definition of infrastructure sector for raising funds through external commercial borrowings (ECBs).

Taking into account the harmonised master list of infrastructure sub-sectors, it has been decided to expand the existing definition for infrastructure sector for the purpose of availing ECBs, RBI said in a notification.

According to the liberalised definition, energy sector would include electricity generation, electricity transmission, electricity distribution and oil pipelines, it said.

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First Published: Sep 18 2013 | 11:19 PM IST

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