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