Monday, December 22, 2008

CONSTRUCTION BUSINESS

Once the location for the setting up of the industry is finalised, the entrepreneur shall approach the concerned authority (Municipality, Public Works Department) for acquisition of the plot of land. Before construction of the factory or industry, whether small, medium or large, approval of plant layout and machinery drawings has to be obtained from the concerned authorities. It is only once these approvals are obtained that the structures may be raised according to the plan.
Once a suitable industrial plot for the unit is secured, the next task is construction of the building. It involves : Architectural design of the building : that of finding a suitable architect to design the outlay of area and factory.Design of factory building has to be in consonance with the type of industry, Have an appropriate plant layout. If you are setting business at home, plan the area, which is to be used as your production centre or office, judiciously. You may like to take help of a professional to ensure that the area is utilized optimally, An architect's estimate of building construction is essential for loan applications. Further, architect's certificate for money spent on building is needed for disbursement of loans, Appointment of engineers and contractors, Supervision of the construction work, The State Government offers incentives like land and building tax concessions to new and existing entrepreneurs.
A new business enterprise after deciding upon the location of the industry, needs to set up the basic infrastructural facilities for commencing its operations. It includes, purchasing the land for the construction of the industry. The site must be well connected to the nearest transport network i.e. rail, road or port. Besides, the availability of the basic amenities like, water, power supply is equally essential. Also, setting up of a good telecom facility for the industry is necessary for the growth and expansion of the business.
The State Government offers incentives like land and building tax concessions, providing land at cheaper rates through the State Government Agencies to new and existing entrepreneurs. It also offers concessions in water tariff, power subsidy, subsidy on generating sets, transport subsidy, incentive for pollution control and quality equipment depending on the location, size of investment and category of the industry.
After all these requirements are met the commercial production of the product can commence.

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