Query : |
A lot of people look at ECBs as an easy
source of funds. Notwithsatnding what
many of the arrangers have to say,
many overseas lenders like to see a
guarantee from a good Indian bank before
they part with their money. Be careful with
intermediaries, not all of them can
deliver and if you have problems raising
funds in India, it is unlikely you will
find funds overseas.
Keep on the right side
of the regulations and think very seriously
about how you will cope with the
exchange risk, which could wipe out
and possibly outweigh the interest
advantage.
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