Lok Sabha Question No. 207 (UNSTARRED), answered on 2017-12-15
Subject: Definition of Infrastructure
Ministry: FINANCE
Asked by: KAVITHA KALVAKUNTLA

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIG  AFFAIRS

LOKSABHA UNSTARRED QUESTION NO. 207 TO BE ANSWERED ON 156 December, 2017

SUBJECT: DEFINITION OF INFRASTRUCTURE

## 207: SHRIMATI  KAVITHA KALVAKUNTLA

## QUESTION

Will the Minister of FINANCE  be pleased  to state:

- (a) whether  the Government has included Railway station re-development  and cable cars for tourism  in the definition of infrastructure;
- (b) if so, the details thereof and the reasons  therefor;
- (c)  the total  number of items that come under the definition of infrastructure  in lndia; and
- idj  whetner onty firms under the infrastructure sector  are allowed  to raise any form of External Commercial  Borrowings and if so, the details thereof?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE

(SHRI PON. RADHAKRISHNAN)

- (a) & (b) Yes, Railway stations  and adjoining  commercial  infrastructure,  and cable ' 'Carl'have'been included in the HarmonEed Master List of infrastructure SubS"Aori to promote  the development of infrastructure  and tourism  inthe.country'
- 101  No, ttre scope  of External  commercial Borrowings is not restricted  to infrastructure '-' se6or ann6. Efigible entities can raise  ExternalCommercial  Borrowings  under the three tracks as detailed below:
- tcl  itrirty iorr'number  of infrastructure  sub-sectors  have  been included in Harmonized Master List of infrastructure Sub-Sectors.

## Track  I

- i. Companies in manufacturing and software develoPment  sectors.
- lii. Smiit lndustries Development Bank of lndia  (SlDBl)'
- ii. Shipping and airlines  companies.
- iv. Units in Special Eco
5. !t!9),. rt lm Bank under the

- vi. Companies in infrastructure sector, Non-Banking Financial ComPantes -, NBFCs-Asset Finance and Core lnvestment lnfrastructure Finance Companies (NBFC-IFCs), Companies  (NBFC-AFCs),  Holding Companies Companies (ClCs).

## Track ll

- ii. Real Estate  lnvestment Trusts (RElTs)  and lnfrastructure  lnvestment  Trusts (lNVlTs)  coming under the regulatory  framework of the Securities and Exchange Board of lndia (SEBI).

## Track lll

- ii. All Non-Banking  Financial Companies (NBFCs) coming under the regulatory purview of the Reserve Bank.
- i. All entities listed under Track L
- i. All entities  listed under Track  ll.
- iii. NBFCs-Micro  Finance lnstitutions  (NBFCs-MFls),  Not for Profit companies registered under the Companies Act, 1956/2013, Societies, trusts and cooperatives  (registered under the Societies Registration  Act, 1860, lndian  Trust Act; 1882 and State-level  Cooperative  Acts/Multi-level  Cooperative  AcUStatetevel mutually aided Cooperative Acts respectively), Non-Government Organisations  (NGOs)  which are engaged in micro finance activities.
5. iv.eompanies  engaged in miscellaneous  services viz. research and development  (R&D), training (other than educational  institutes),  companies supporting  infrastructure, companies  providing logistics services.
- v. Developers of Special Economic Zones (SEZs)/ National Manufacturing  and lnvestment Zones (NMlZs).

Note:  The three tracks are defined as follows:

Track l: Medium term foreign currency denominated  External Commercial Borrowings with minimum average maturity of 3i5 years.

Track ll: Long term foreign  currency  denominated External Commercial Borrowings with minimum average maturity of 10 years.

Track lll: lndian rupee denominated with minimum  average maturity  period  of 3/5 years.