opportunity study

While no investor, whether an individual or an organisation, would like to miss out on profitable opportunities to either enter a new, attractive business, or to expand an existing business, out all opportunities are worth being so pursued. The task of sifting the two types of opportunities is facilitated by opportunity studies.

Identification of suitable industrial or commercial opportunities for investment necessitate, first and foremost, a delineation of the objectives of the investor. These should be carefully prioritized and as far as possible quantified, to reduce vagueness. Secondary, the investor needs to become aware of the existence of possible investment opportunities. Information brought out by various sources can be helpful to him in this direction.

After the identification stage, the project ideas are subjected to a process of preliminary filtration through pre feasibility study. This involves the study of the project idea at a more elaborate level than that carried out at the opportunity study state. This is an intermediate stage between an opportunity study and a full-fledged feasibility study primarily designed to probe relatively doubtful project ideas. This stage is recommended to be followed when project formulation, or a detailed techno-economic feasibility study, which would enable the investor to arrive at definite decision about the project is both costly and time consuming. However, but for the difference of depth of analysis and the level of detail in the study, the pre-feasibility study is on the pattern of the main techno economic feasibility study. Of course, if the preliminary projections thrown up at the stage of opportunity study are themselves quite encouraging or decisive, pre-feasibility study stage may be ignored and one may straightaway take up the feasibility study itself.


The Innovator

Gurmit Singh, New Delhi

Dr. Gurmit Singh is a research scientist and an environmentalist, his profound enthusiasm and passion for renewable energy technologies has been for 28 years now. He holds both his Bachelors and Masters degrees from 'Rheinisch-Westfalische Technische Hochschule Aachen.' In Germany and spent 14 years in Germany working as a research Scientist and then 8 years in Florida, USA in Solar Research. He is winner of 'Lockheed Martin Innovation Award 2008' in renewable energy, also won the '2010 BuildArch Award'and recently won the 'i3 India Innovates Award 2011'. His professional career started with a technology assessment of the carbon abatement potential of specific industrial technologies in the EU, and the evaluation of national and international policies and measures in the areas of climate change, energy efficiency and renewable energy. Currently he is a Visiting Faculty for 'Renewable Energy' at Amity University, Noida