Steps to setup an Industry in Gujarat

Establishing an Industrial Project

Steps to be followed by an entrepreneur

• Collect maximum information about  the project or products proposed to be manufactured
• For the purpose, collect/prepare a project profile which would outline brief information on the project or products to be manufactured

• Decide location where the project is likely to set up
• 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