Formulation and Preparation of Viability Report for Mineral Water Plant Entrepreneurs

Abstract

Water is crucial to social equity, ecological strength and cultural diversity. Water is also firmly connected with healthiness. Clean and safe drinking water has always been an essential. The tradition and approach of serving drinking water in India has, however, changed quite dramatically during the last decade. Almost a decade ago, the introduction of bottled water or “packaged mineral water” has changed the tradition of serving and consuming drinking water. This has conducted in very strongly the use of polymers or plastics as materials for water storage and distribution. The categories of bottled water in India are packaged natural mineral water and packaged drinking water. The bottled water industry, commonly called the mineral water industry, is a symbol of new life style emerging in India. Project objectives are concerned with defining in a precise manner what the project is expected to achieve and to provide a measure of performance for the project as a whole. The mineral water project work consists of several stages and is closely inter-linked with a logical cycle. It is a sound project with socio-economically described steps like Project identification, Project generation, Project evaluation, Project selection and Project execution. The aim is to achieve minimum expenditure with adequate resources, i.e., maximum revenue with minimum spending within a short span of time. This helps the entrepreneur to estimate the financial requirements to borrow the funds, identification of market demand, physical resourses requirement, and time frame to reach optimal activity to generate the financial surplus. It should contain the details about – product/service, promoter, location, fixed and current assets, working capital, funding, demand and supply, market conditions and others. Moreover, location, economic size, licences, marketing, innovation, incentives and subsidies from the government are the key factors for success of the organisation. However the state government attracts industries by giving incentives in regard to sales tax, octroi duty and subsidised loan. These can accelerate the process of industrial development, spanning rural and urban sectors of the economy.