2006-12-09 03:22:27 · 1 answers · asked by anirudh 1 in Business & Finance ➔ Other - Business & Finance
Green field is a term meant to describe a grass-root project.
A project started from scratch where are no restraints to begin with or to design and carryout the work is a greenfield project.
(For example a brown field project is where you are modifying an existing project to meet some new requirements like expansion of capacity, addition of facilities, some equipment etc).
In a greenfield project you can optimize very well on space, power,utilities and usually a barren area to start with
Sometimes if you have an existing plant which you demolish and built a new plant - although this may look like a Green field project it may not truly be one
Subhash
2006-12-09 03:41:33 · answer #1 · answered by Mathematishan 5 · 0⤊ 0⤋
Greenfield Definition
2016-09-30 11:18:15 · answer #2 · answered by ? 4 · 0⤊ 0⤋
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RE:
What is the meaning of the term "greenfield" when companies talk of a greenfield project or factory?
2015-08-18 15:23:28 · answer #3 · answered by Giacomo 1 · 0⤊ 0⤋