<h1>Key Steps to Establishing an Export Oriented Unit: Ownership, Product Identification, and Essential Government Clearances.</h1> Setting up an Export Oriented Unit (EOU) involves several key requirements. Entrepreneurs must decide on ownership structure, including foreign participation, and identify the product and any necessary government clearances. Technology choice, feasibility studies, and financial planning for land, machinery, and administration are crucial. Considerations include competition, import laws, and strategic location near transport hubs. The production process, capacity, by-products, waste management, and packaging must be detailed. Power supply, duties, taxes, and fiscal levies impact costs. Essential registrations include company registration, bank accounts for foreign exchange, and obtaining necessary clearances and certificates from state authorities.