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Fema

This query is : Resolved 
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(Querist)
13 April 2019
Dated: 13/4/2019

Our Pvt LTD company in Odisha ( 3 years old) wants avail loan of $3.00 M USD ( three million USD) from private lender of outside India for a period of 7 years to establish green house organic cultivation of vegetables and cut Flowers integrated with dairy farming and solar energy power back up.

This foreign currency will be through automatic route will be received by Indian bank where our account is maintained.

What is Recent updated FEMA rules and is there any prior permission required from RBI?

Awaiting for kind advise please

Regards

Manoranjan Mallia
Director
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
14 April 2019 It's allowed see the link.
https://www.bankofbaroda.com/ecb-policy-guidelines.htm
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