A Study on relationship between Project selection criteria and risk categories W.R.T infrastructure companies in Pune

Infrastructure is a broad concept linked to every facet of the economy and human life. There is no clear definition of infrastructure according to current usage of the term in India. But it is necessary to narrow down the few definitions and meaning of infrastructure and background. Infrastructure is basic physical and organizational structures needed for the operation of a society or enterprise or the services and facilities necessary for an economy to function. It is usually considered as public infrastructure that facilitates the economy and society to operate. Economic & urban planners distinguishes two types of infrastructure i.e. economic infrastructure & social infrastructure, infrastructure projects, including those in rural sector, involve huge initial investments, long gestation periods, high incremental capital output ratio, high risk and low rate of returns on investment. All these factors are not conducive for private sector entry into infrastructure. As a result of this, infrastructure services, the world over, are largely provided by the public sector. This study was undertaken to find out relationship between Project selection criteria and risk categories.