In India, Project Financing is available for industries, both greenfield and brownfield projects.
When an enterprise with an existing experience or without any prior experience in same line of activity wants to start manufacturing, this is known as a Greenfield project.
- Newly constructed entity – can be a firm, company, or proprietorship
- Coming up with a new project in manufacturing – with or without prior industry experience
When an enterprise with existing experience in same line of activity decides to start manufacturing – be it expansion, backward integration or forward integration, this type of project is known as Brownfield Project.