The Reserve Bank of India, on Wednesday, expanded the definition of the infrastructure sector for raising funds through external commercial borrowings (ECBs).
Taking into account the harmonised master list of infrastructure sub-sectors, it has been decided to expand the existing definition for infrastructure sector for the purpose of availing ECBs, the RBI said .
As per the liberalised definition, the energy sector would include electricity generation, electricity transmission, electricity distribution and oil pipelines. With regard to communications, the RBI said that mobile telephony services or companies providing cellular services, fixed network telecom and telecom towers will fall under the infrastructure definition and would be eligible to borrow fund through the ECB window. —PTI