In India, Project Financing is available for industries, both greenfield and brownfield projects.

Greenfield 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.

Basic Parameters:

• Newly constructed entity – can be a firm, company, or proprietorship
• Coming up with a new project in manufacturing – with or without prior industry experience

Brownfield Projects:

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.