Establishing a new start-up or expanding operations in India can be difficult from a foundation standpoint, and doing a feasibility study is a starting point. A feasibility study will determine the feasibility of your business idea and determine your likelihood of success in the marketplace.

As we venture into 2025, maintaining a strong foundation is now more important than ever with changing market situations, regulatory changes, and technology. Finding the right feasibility study consultant in India is more important than ever. Getting the right questions to ask upfront will ensure you find the right feasibility study consultant in India to meet your strategic needs because of the nature of the Indian marketplace’s complexities.

What is a feasibility study service?

A feasibility study service is a professional service that will give a complete, objective assessment of a proposed project. The service will look at critical factors like economic, technical, legal, and operational ones. This is to evaluate the feasibility and likelihood of success of the proposed project.

The feasibility study service will provide an investigative report, which will provide information for stakeholders to consider whether to undertake the project. Some of the top engineering consulting firms in India also offer feasibility studies with owners engineering consultancy and detailed engineering services to have a complete service.

Objectives of Feasibility Study

The objectives of a feasibility study are to:

• Assess Viability: Determine whether the project is feasible from a technical, financial and legal perspective.
• Recognise Risks: Unveil potential risks, challenges, and roadblocks prior to committing resources.
• Support Decision-Making: Offer a data-driven rationale for a go/no-go decision.
• Establish a Base: Help create the backdrop for a more detailed business plan, and get you credible evidence-based data.

Major Points of Feasibility Study

A feasibility study typically consists of a growing number of major points.

• Market Analysis: Assessing demand, competition and target market.
• Technical Analysis: Assessing your technology and providing infrastructure and resources.
• Financial Analysis: Estimating costs, revenues and profit.
• Legal & Regulatory Analysis: Reviewing permits, licences and regulatory requirements.
• Operational Analysis: Identifying logistical and staffing needs of the project.

This is why feasibility study consultants in India are important vendors for businesses in general, and especially for high-growth sectors like renewable energy, solar power plants, and BESS engineering services.

Why Do You Need a Feasibility Study?

You need a feasibility study for several reasons:

• Mitigate Risk: Identifying your pitfalls upfront can save tremendous amounts of time and money on joint projects.
• Obtain Funding: The higher your chances of obtaining funding from investors and lenders, the more compliant you will be in the feasibility process.
• Understand Your Project: The comprehensive feasibility study will give you an objective, neutral perspective of your project’s strengths and weaknesses.
• Build a Strong Plan: The data from the feasibility study will be your building blocks for a strong business plan.

For energy, infrastructure, and technology companies, partnering with a top renewable energy feasibility study consultant in India or power system studies companies in India will greatly enhance the likelihood of success.

6 Key Questions to Ask Before Hiring a Feasibility Study Consultant in India

What is your experience with my specific industry in India?
Since India’s markets are highly fragmented, it is essential for the feasibility consultant to have industry specific knowledge. A consultant with experience on projects in your industry has first-hand knowledge of the unique challenges to overcome to create value, including consumer patterns, supply chain complexities, and regulatory processes. For example, a renewable energy consultant in India with experience in solar consultancy services or an energy storage consultant in India will have more perspective than a generalist consultant.

Can you provide a detailed methodology for the study?
If a consultant is reputable, they will be willing to share their approach. Request them to outline data collection, data analysis and report delivery. The best solar consultants in India and detailed engineering consultants in India use primary and secondary research to validate the study conclusions.

How do you keep up to date with regulatory updates?
India’s regulatory landscape changes often. The best owners engineering consultants in India and the power system studies companies have processes to capture changes in energy, infrastructure and compliance.

What technology and tools are you using?
Starting with feasibility studies in 2025 are technology-centric. The top ten of engineering consultants in India use advanced data-analytical tools, financial modelling systems and proprietary databases to source or reinforce findings.

What is your pricing and timing?
Providing customers with transparent pricing and timing is paramount. The best feasibility study consultants in India will break down cost transparency and realistic timing, whether it’s because the feasibility study is on solar power plant consultancy, BESS engineering services or manufacturing.

What are your procedures or approach for data collection and analysis?
The need for feasibility studies stems from the data deployed. Leading businesses, such as the best solar power plant consultants in India, depend on surveys, focus groups and digital analytical assessment projects in order to ensure evidence-based reporting.

Conclusion

In the end, contacting a feasibility study consultant in India is the right decision and could ultimately determine the fate of your project. Asking the right questions and checking a consultant’s past experiences, methodologies and how well they continue to monitor the industry will get you a partner with the strategic information needed to arrive at a discerning decision in the highly competitive business climate in India.

If your need is for the best renewable energy feasibility study consulting in India, or power system studies companies in India, the best consultant will not only independently verify your concept but will start you on your positive driver toward your long-term sustainability.

FAQs

What is a feasibility study and do I need a consultant for it in India?

A feasibility study assesses the potential of a proposed project. It’s important to work with an expert specifically in India, as there is market complexity, regulatory complexity, and operating peculiarities with various industries. Many will seek owners’ engineering consultants in India, as they provide feasibility studies and further services.

What does a feasibility study report include in India?

It should contain market analysis, technical feasibility, financial feasibility, legal feasibility, regulatory feasibility and risk evaluation—these are areas that the best detailed engineering consultants in India pride themselves on.

How long does a feasibility study take in India?

It would depend on complexity, but it can take weeks to months to complete. Large-scale projects, such as solar power plants and BESS systems, take a reasonable amount of time if there are no delays.

How much does a feasibility study cost in India?

The cost is relative to the scope of work, the industry of application and the level of expertise of the consultant. For example, a contractor providing solar consultancy services in India may charge you a different cost than a person or company providing power system studies in India.

What is the difference between a feasibility study and a business plan?

A feasibility report determines if a business idea is viable, while a business plan is focused on how to carry that business forward. Most feasibility studies done by the best solar consultants in India or renewable energy consultants will provide a positive statement to allow the process of creating a business plan to start.