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February 2014

A. P. (DIR Series) Circular No. 85 dated 6th January, 2014

By Gaurang Gandhi, Chartered Accountant
Reading Time 1 mins
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External Commercial Borrowings (ECB) Policy – Liberalisation of definition of Infrastructure Sector

This circular provides that ‘Maintenance, Repairs and Overhaul’ (MRO) will also be treated as a part of airport infrastructure for the purposes of ECB. As a result, MRO will be considered as part of the sub-sector of Airport in the Transport Sector of Infrastructure.

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