There should be sufficient justification for undertaking any project. It needs to be clearly shown how the implementation of the project may help solve an existing problem and how it may help achieve the stated objectives of the government. These considerations will, in turn, define the broad objectives of the project.
The project being considered should be in line with an existing plan or with other projects that are either being implemented or being considered for implementation. It also needs to be examined if implementation of the project would bring any radical change in the structure of the industry and, if so, its implications.