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Establishing an Industrial Project

Monday, April 6, 2015

Project is a proposal for an investment to create, expand and/or develop certain facilities in order to increase the production of goods and/or services in a community during a certain period of time.

Steps to be followed by an entrepreneur

1.    Collect maximum information about the project or products proposed to be manufactured

2.    For the purpose, collect/prepare a project profile which would outline brief information on the project or products to be manufactured

3.    Decide location where the project is likely to set up

4.    Learn about the procedures and formalities required to be completed before taking up physical implementation of the project

Get a detailed project report prepared which interalia should include following components

•           Market potential of the products to be manufactured

•           Characteristics of the Location

•           Land and building requirements

•           Requirements and availability of Plant and Machinery

•           Requirement of other utilities namely power, water, steam etc.

•           Assessment of Working Capital requirements

•           Technology tie-up

•           Raw materials with specifications

•           Manpower requirements

•           Schedule of Implementation

•           Estimates of Project Cost

•           Tie up of means of finance

•           Cost of Production and profitability

•           Break even Point

•           Internal Rate of Return

•           Cash flow

•           Debt service Coverage Ratio to establish financial viability

•           Economic Benefits

Source: NPCS Team

About NIIR

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NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. NPCS is manned by engineers, planners, specialists, financial experts, economic analysts and design specialists with extensive experience in the related industries.

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NPCS also publishes varies process technology, technical, reference, self employment and startup books, directory, business and industry database, bankable detailed project report, market research report on various industries, small scale industry and profit making business. Besides being used by manufacturers, industrialists and entrepreneurs, our publications are also used by professionals including project engineers, information services bureau, consultants and project consultancy firms as one of the input in their research.

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