What is methods of scouting project idea?

following are the steps for scouting the project

Analysethe performance of existing industries

· Examine the inputs and outputs of various industries

· Review imports and exports

· Study plan outlays and governmental guidelines

· Look at the suggestions of financial institutions and development agencies

· Investigate into local materials and resources

· Analyseeconomic and social trends

· Study new technological developments

· Draw clues from consumption abroad

· Explore the possibility of reviving sick units

· Identify unfulfilled psychological needs

· Attend trade fairs

· Stimulate creativity for generating new product ideas

· Hope the chance factor willfavouryou