What are the requirements in setting an Industry.

Question

Accepted Answer

Requirements for setting up an industry include proper planning, sufficient capital, skilled workforce, necessary permits, and a suitable location.

Proper planning is essential to determine the type of industry, target market, and production process.
Sufficient capital is needed for purchasing equipment, raw materials, and covering operational costs.
Skilled workforce is necessary to operate machinery, manage production, and ensure quality control.
Obtaining necessary permits and licenses from regulatory authorities is crucial to operate legally.
Choosing a suitable location with access to transportation, utilities, and labor is important for efficiency.

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