Developers of NMIZs can access ECB

Giving a push to the mega National Manufacturing In­vestment Zones (NMIZs), proposed under the new manufac­turing policy, the RBI on February 29, 2012 allowed the developers to raise overseas loans under the external com­mercial borrowing (ECB) route. For raising capital under the ECB route, the developers, however, would have to take prior permission of the central bank. The National Manufac­turing Policy has proposed setting up of NMIZs or mega in­dustrial parks with modern infrastructure.

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