Why Proper Site Selection for Industrial Projects is Crucial?Learn Tricks and Strategies to Master in Managing the Selection Criteria!
Abstract: Selection of the site for an industrial plant is governed by many considerations, like # Technical consideration # Human consideration # Economic consideration # Environmental consideration All these constitute techno- economic feasibility analysis as well as judgment as to the modifying effects of other factors. First, the costs of land, labour, materials, taxes, heat, light and power should be calculated and the costs of marketing from that place should be estimated. Secondly, the total costs of each site for an industrial plant should be compared. This comparison would give an idea about primary considerations regarding selection of the site for an industrial plant. But this is not enough. There are other considerations which are more the matter of judgment rather than mathematical calculations, but have considerable effect on the smooth working of the business unit. Keywords: Plant, Site, Location, Cost, Selection, Land, Labour, Economic consideration, Technical consid