Preface
Project finance has come of age in India The promoter?
‘entreprencurhas a wide choice of sources of funds out of whic he can
choose. The choice is, of course, governed by the cost of funds and
‘inagcial risk. Companies are raising cord amounts from the capital
‘competitive strngih would be compromised. Time has come to assess
casts and productivity in inlernasonal terms. The refevance of the
project has to be established in imerrational comen. A Bood, sound
and viable project Would have no problem in finding market
Projects should aot unlitively adequate but should also
capital itsues canmibuted Rs. 19.501 erores Gin 1992- 93, Rs, 19,526
crores} and assistance disbursed by financial institutions Rs, 27,051
crores [in 1992-93 Rs, 23,704 crore}. Further, Euro-issues contributed