The process of taking inter-company loans has been made easier for foreign investors. As a result, from now on, foreign-owned service sector companies will also be able to take loans from parent companies.

The central bank on Tuesday (January 19) issued a notification in this regard.

Never had this opportunity before. These initiatives have been taken to attract foreign investment and simplify the business process.

According to the notification, from now on, manufacturers will be able to take short-term foreign loans from service industries and their foreign parent companies or shareholders, in addition to manufacturing companies. However, this facility will not be applicable for trading business. This facility can be taken up to 6 years from the start of production and service activities.