ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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no longer adequate and likely further to shrink, it is not commercial borrowing in the conventional sense of the term which is expected to bale out the large industrial and infrastructural projects. The more feasible and preferred way is to attract foreign interests to undertake these projects under turnkey construction which includes foreign consultancy and design services as well as equipment supplies against credits with back-up by the foreign suppliers' governments. This type of financing arrangement is being commended to the private business sector also.

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