Recession Effect: The economy of the Indian subcontinent was booming until mid-2008. Almost all sectors experienced strong growth and The market mood was positive. Sales of all goods and services, including luxury sectors like travel, real estate and automobiles, have seen a good period. After mid-2008, the international market experienced a crisis which also affected India. An economic report published by Business Standard under the title "Half of India's largest companies have destroyed shareholders' wealth since fiscal 2008" says that the majority of listed companies have reported a decline in their market capitalization. For most of these companies, borrowings have exceeded their market value, creating a widespread debt trap. Banks had a growing amount of bad debt and overall market sentiment suffered. In difficult times like these, consumers tend to abandon their choice of luxury products and automobiles probably become the first in the list that suffers a loss in sales volume. Amtek Auto, as a component manufacturer, has been affected by the slowdown in the automobile industry. Highly specialized components now faced sluggish demand due to the recession hitting the automotive sector. There was a decline in the volume of automobile demand. The financial results of automobile manufacturers and, subsequently, automobile component manufacturers have been negatively affected due to the decline in volume of automobile manufacturers. The impact on other sectors like infrastructure and mining has also led to a decline in the commercial vehicle segment. In the current situation, where the whole world and India were affected by the effect of recession, Amtek, with a view to embarking on a new project, tried to see the full dimension of possibilities that can promote or prevent the realization of its objective...... middle of paper ......t support businesses, with the fear of losing their interest.4. Legal: Agricultural and forest land could still be acquired at a higher price, but the acquisition, leasing, or even leasing of tribal land was not permitted by the land. States like Orissa and Jharkhand had the majority of tribal lands. Even if a piece of land belonged to a tribal person, in a large group of non-tribal lands it became difficult to establish industries. The discreet availability of land did not facilitate the establishment of steel mills, as they were spread over several thousand acres. The above factors have made Greenfield projects in the steel sector unviable. Not only did Amtek suffer from the socio-economic and socio-political problems mentioned above, but almost the entire steel industry suffered losses. There has been very little progress in industrial development.