Manufacturing Plants - Where Passions Turn Into Products
20 Aug 2022
The success of a dream project hinges on, besides other parameters, the quality of the finished products. On the other hand, profitability depends on the overall efficacy of the production unit.
As a business owner, one has the option of outsourcing the production of goods or producing them at one’s own factory as per the desired specifications. Alternatively, one could be in the
business in which case production is carried out for orders received across the globe according to the desired quality and specifications. In either scenario, the manufacturing unit has a vital role to play. A manufacturing plant setup consultant has the expertise to help set up such manufacturing units. You in this regard.
What Does The Consulting Industry In India Look Like?
Consulting as an industry has come a long way since Mckinsey set up shop in the country back in the ‘90s.
Associated Chambers of Commerce and Industry estimated the overall revenue to be around INR 27000 crores in 2020. Some research data indicate that high-value consulting deals of over $250 million are awarded by Indian companies annually. There are 30 odd projects worth more than $2 million each.
Key Considerations While Setting Up A Manufacturing Plant
Feasibility Studies and Detailed Project Report
It is said that Well begun is half done. The Feasibility Studies and the Project Report is one such activity that makes a very concerted effort to put the whole project in proper perspective and details out all requirements as also the activities and their time lines. It must be understood that adherence to time and cost budgets are extremely critical in the success of any venture.
Location: One of the most critical factors is the location of your production unit. This primarily entails three sub-factors:
Transport facility in the vicinity. The general topography may have an implication.
Availability of labour – unskilled, semi skilled and skilled - in and around the vicinity of the project location that is relevant to the manufacturing needs.
Size of the land parcels available are important and must be optimum for the installation of the required machinery and movement of goods and operating personnel besides future expansion if required.
Procurement of Capital goods are a critical factor in terms of costs, quality and maintenance reuirements. Similarly vendor selection and logistics of raw materials are equally important
Erection and Commissioning Partner: Erection and Commissioning of plant and machinery is critical for smooth operations thereafter. Engaging the services of professionals are well advised..
Setting realistic goals in terms of setup time and other factors.
Awareness of the government rules & regulations .
An efficient and trustworthy team from the promoters to supervise the entire process.
What should you look for in a
manufacturing industry setup
Since the consultant plays a significant role in the execution of the project within time and costs budget and consequently its business success, it is relevant therefore to undertstand the requirements of relevant and specific attributes:
Local market knowledge and connections
Ready access to a large bank of lands suitable for factory setup
Ability to liaison with financial institutions for your funding needs
Experience and enough knowhow in your area of business
An innovative approach to design and technology solutions pertinent to your factory requirements
Cost optimizing mindset
Risk mitigation abilities
Global connection to get the best manufacturing equipment and technology at competitive costs
A competent manufacturing business setup consultant may well be the answer to a successful manufacturing plant set up.
has the necessary resources to have the entrepreneur covered through the entire process commencing from the feasibility study, approvals & licenses to construction , erection and commissioning as also operations support.
Leave A Message
Leave A Message
Owned & Developed By