Dalian Wanda seeks relaxation in norms
Wanda wants to bring $10 billion into India as external commercial borrowings (ECBs) as against the $750 million limit permitted by RBI.
By : DC Correspondent
Update: 2017-02-16 00:39 GMT
New Delhi: Chinese real estate giant Dalian Wanda, which is planning to invest $10 billion in India is seeking concessions as well as relaxation in regulatory norms.
According to sources, Wanda wants to bring $10 billion into India as external commercial borrowings (ECBs) as against the $750 million limit permitted by RBI.
Wanda representative met with DIPP secretary Ramesh Abhishek to seek concessions for the industrial park that the firm is planning to develop in Haryana.