Brownfield Investment

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Brownfield Investment

The purchase of a previously constructed factory or other facility in order to use it for a new activity. For example, a company that makes hammers may buy a factory that previously made screwdrivers in order to expand their hammer-making operations. Brown field investment is relatively common in foreign direct investment.
References in periodicals archive ?
As per the FDI policy, foreign direct investment up to 100 per cent is permitted in brown field investment ( investment in Indian companies) in the pharma sector subject to FIPB approval.
This is a significant step to creating a favorable climate and providing conditions for realization of the brown field investments, which will be useful to both foreign and domestic businessmen, he said.