Small Scale Industries

HOW TO START A SMALL SCALE INDUSTRY The steps heterogeneous in starting a small-scale industry be:- Conduct Market Survey and Study the products as regards their get hold of in the trade. Check whether it is a seasonal product or it has demand throught the year 1. Study similar products usable in the market that can be probable competitors. Analyze them as regards their utility, step and cost. 2. Find whether the product can be exported. 3. Explore the theory whether some product can be manufactured in collaboration with a foreign country. This provides readymade technical know how and let off a lot of time and money early(a)wise faineant in developing a suitable method of manufacture. 4. square off the product that you are going to manufacture, on the basis of:- o Market Survey o Financial implication involved o technical know how available o Experience in the line, etc Select a proper site for locating the building block. Take a create for factory on hire or construct your take in factory building.

Get yourself conversant with the rules and other information available from small-scale industries, Ministry of Industry, New Delhi Prepare a dodge in detail to manufacture the selected product such a organisation should include the requirement of and the approximate cost of: 1. Land and building 2. Machinery, tools and other equipment 3. Direct  labour 4. Indirect labour 5. Direct bodily cost 6. Indirect material cost 7. Selling and distribution overheads 8. Working Capital for a unit time 9. Depreciation 10. Total production cost per unit time 11. Percentage of profit The scheme after it has been prepared is sent, for approval to the Directorate of Industries of the particular state. A small scale unit has to get itself registered with the Directorate of industries in order to avail various facilities provided by the government, such as:-... If you want to get a full essay, order it on our website: Orderessay

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