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For any organization, the main concern about a new project is its
commercial feasibility. Before embarking on the actual project work,
it is advisable for you to understand the technical and financial
implications. To provide this insight, we undertake generating a
Project Feasibility Report, which covers:
Product
Information
Literature survey is conducted to find the:
- Applications and uses
- Mode of action
- Category: Nutritional support/ Biotechnology based or
Pharmaceutical - prophylactic or therapeutic.
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Existing Players
It is very important to know the product details in its already
existing forms:
- Sales / Pricing / Pack size
- Bulk / formulation
- About the product
- Type of packaging
- Stability
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Market Research
It is useful to know the scope of the product under consideration,
whether it is meant for domestic market or for overseas market. The
current trends and future potential are decisive factors to be
understood prior to starting a project. We include this in our
report.
Technology
Basic technical information is vital, which gives you the
background about the project:
- Source of product
- Process
- Downstream processing
- QA/QC
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Equipment And Infrastructure
Depending on the process and scale of operation, a general list of
equipment with a ball-park estimate of cost is worked out.
Process Equipment
- Water/steam and other such utilities
- Electricity
- Raw material / source
Regulatory
Issues
- Possible registrations required
- Authorities involved
- Regulatory clearances before launch of product like
toxicology, clinical trials, etc.
- GMP requirements.
With increasing awareness and stringency about environment and
ecology, one cannot afford to neglect these aspects when planning a
project. The environmental factors are studied in the planning of
the project to avoid any unnecessary problems later. The issues
under consideration are from biosafety or containment perspective.
ManPower Requirements
One of the very key elements in effectively implementing the
project and making it a success is your team. In our report we
specify the type of manpower required to handle different sections
and also indicate the number.
Once the Project Feasibility Report gives you a clear picture and
it is acceptable, then you have the choice of either taking up the
project on your own or continuing the relationship with us on a much
broader scale of awarding us the project in part or on turnkey
basis.
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