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Loan from foreigner

(Querist) 29 July 2013 This query is : Resolved 
Dear Sir,

Is there any restriction(RBI Approval/FIPB Approval) to get the loan from the foreigner for a Indian Company which doing the business of Import & Export the Products?
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Rajendra K Goyal (Expert) 29 July 2013
It can only be done as per the provision of FEMA.
R.K Nanda (Expert) 29 July 2013
academic query.
Dr. Jyothi Vishwanath (Expert) 29 July 2013
Is the foreigner in India or abroad??
Raj Kumar Makkad (Expert) 31 July 2013
Yes. There are strong restrictions.

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