Comments
The Reserve Bank today included maintenance, repairs and overhaul (MRO) operations under the airport infrastructure category so as to facilitate external commercial borrowings for the sector.
“On a review, it has been decided that, for the purpose of ECB, ‘Maintenance, Repairs and Overhaul’ (MRO) will also be treated as a part of airport infrastructure,” RBI said in a notification.
Accordingly, MRO, as distinct from the related services which are other than infrastructure, will be considered as part of the sub-sector of airport in the transport sector of infrastructure, RBI added.
In September, the central bank had liberalised the definition of infrastructure for the purpose of raising ECBs.
Infrastructure sectors include power, telecom, railways, roads (including bridges), sea port and airport, industrial parks, urban infrastructure (water supply, sanitation and sewage projects), mining, exploration and refining.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.