External commercial borrowings( very urgent)

Aproval Route -  Industrial , Infr sector.

Automatic route - Service sector , SEZ does not require approval from RBI

thnks sunil but i asked the provisions applicable...

External Commercial Borrowings (“ECB”) and Trade  Credits availed of by residents are  governed by clause (d) of sub-section 3 of section 6 of the  Foreign Exchange  Management Act, 1999 read with Notification No. FEMA 3/ 2000-RB viz. Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, dated May 3, 2000, as amended from time to time