NEW DELHI, June 30 (Reuters) - India on Tuesday allowed developers of tax-free special economic zones to borrow from overseas markets, the finance ministry said in a statement, in a bid to push infrastructure projects.
The government also extended by six months the existing rules on foreign borrowing by firms setting up integrated townships.
It also relaxed overseas borrowing rules for non-banking finance companies engaged in funding infrastructure projects.
For details of the changes, click: http://finmin.nic.in/press_room/2009/june_details.html#Review_ECB_Policy
(Reporting by Rajkumar Ray; Editing by Ranjit Gangadharan)
((rajkumar.ray@thomsonreuters.com; +91-11-4178-1006; Reuters Messaging: rajkumar.ray.reuters.com@reuters.net)) Keywords: INDIA ECONOMY/LOANS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The government also extended by six months the existing rules on foreign borrowing by firms setting up integrated townships.
It also relaxed overseas borrowing rules for non-banking finance companies engaged in funding infrastructure projects.
For details of the changes, click: http://finmin.nic.in/press_room/2009/june_details.html#Review_ECB_Policy
(Reporting by Rajkumar Ray; Editing by Ranjit Gangadharan)
((rajkumar.ray@thomsonreuters.com; +91-11-4178-1006; Reuters Messaging: rajkumar.ray.reuters.com@reuters.net)) Keywords: INDIA ECONOMY/LOANS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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