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Exernal commercial borrowing

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(Querist)
17 May 2008 Can an indian company take a loan of Rs 5 crores from an american national? Could you please provide me the procedures. The money to be taken is in Indian currency.
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bhupender soni

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bhupender soni (Expert)
21 June 2011 Yes ,ECB can be accessed under two routes
1-Automatic route
2- Approval route
Automatic route – the maximum amount which can be raised by a corporate is USD 500 Million or equivalent during a financial years and upto 20 million USD in a financial year with minimum average maturity of three years. USD 20 million and upto 500million – minimum average maturity of five years
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