Studies are taken jointly by the industrial and Economics Departments. The end product is either a  4 or 5 years plan for the development of the industrial sector of a country or a region. Some of the important tasks performed in such include:

• Macro – economic analysis of the industrial sector. Sub – tasks include study of domestic supply and demand of industrial products, industrial exports, macro – economic projections, capital funds, capital market, and the labour market.
• Appraisal of the institutional framework for industrial development. This includes institution concerned with industrial development, physical infrastructure, technology transfer and direct investment.
• Appraisal of development strategy.
• Appraisal of industrial development policies.
• Intersectional analysis of the economy and the construction of input- output tables.
• Study of industrial sub-sectors, such as growth trends, present structure, efficiency bottlenecks and operational problems.
• Utilization of specific criteria and use of a process of screening to identify a list of industrial projects.
• Selection of a final list of projects for the industrial plan by conducting pre- feasibility studies or feasibility studies.