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.
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The sources said new Automotive Development Policy (2016-21) has been launched to attract green and brown field investments in automobile and auto vendor industry while new Entrant Policy for Motorcycle Industry was launched to promote investment in new and innovative technology.
The sources said new Automotive Development Policy (ADP 2016-21) is being launched to attract green and brown field investments in automobile and auto vendor industry while the government is also launching new Entrant Policy for Motorcycle Industry to promote investment in new/innovative technology wherein investors are allowed to import 100 % Complete Knock Down (CKD) at the rate of 10 % Customs Duty for a period of three years.
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.