Borrowers in the services sector (hotels, hospitals and software companies among others) who are not eligible to avail ECB under the automatic route, will now be able to access such overseas borrowings up to $100 million for import of capital goods under the approval route.


</p><tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>These amendments in the ECB policy will come into force on the date of notification of regulations by the Reserve Bank in this regard under the Foreign Exchange Management Act, 1999. <BR></P></p></table>


Service sector cos can now raise $100mn ECB

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