Wanda wants to bring $10 billion into India as external commercial borrowings (ECBs) as against the $750 million limit permitted by RBI.
The Reserve Bank also said monthly withdrawal limit of Rs 10,000 will be maintained even if a 'small account' has witnessed increase in annual permissible deposit of Rs 1 lakh.
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.
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