Question : EXTERNAL COMMERCIAL BORROWINGS

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(a) the foreign loan that has been borrowed by the Indian companies during the last three years;

(b) the manner in which this loan is to be repaid;

(c) whether this loan has been taken by the companies to start new activities or to repay the existing loan to Indian financial institutions; and

(d) if so, the details thereof?

Answer given by the minister

MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI ANANDRAO V. ADSUL)

(a) Foreign currency loans approved/ contracted under approval/automatic route during the last three years are as under:

Period	Amount (in USD million)
1.	2000-01	2837.00

2.	2001-02	2653.00

3.	2002-03	4235.00

(b): Foreign currency loans would be repaid by borrower as per the repayment schedules.

(c) and (d) : As per ECB guidelines, borrowers can raise foreign currency loans from a internationally recognised sources for expansion of existing capacity, fresh investments and general corporate purposes including repayment of dues to Indian financial institutions/banks.

Question : EXTERNAL COMMERCIAL BORROWINGS

Answer given by the minister

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