Q46. Which of the following are benefits associated with conferring “Infrastructure status” to logistics sector?

1. It will enable the Logistics Sector to avail infrastructure lending at easier terms with enhanced limits

2. It will enable access to larger amounts of funds as External Commercial Borrowings (ECB)

3. It will enable access to longer tenure funds from insurance companies and pension funds

Select the correct code:

(a) Only 1 and 2

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(b) Only 2 and 3

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(d) All of the above

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Solution

The correct option is D
(d) All of the above

The inclusion of “Logistics Sector” in the Harmonized Master List of Infrastructure Sub-sectors was considered in the 14th Institutional Mechanism (IM) Meeting held on 10th November, 2017. It was recommended by the Institutional Mechanism and subsequently approved by the Union Finance Minister, Shri Arun Jaitley

It will enable the Logistics Sector to avail infrastructure lending at easier terms with enhanced limits, access to larger amounts of funds as External Commercial Borrowings (ECB), access to longer tenor funds from insurance companies and pension funds and be eligible to borrow from India Infrastructure Financing Company Limited (IIFCL).

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