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Best Business Opportunities in Tripura- Identification and Selection of right Project, Thrust areas for Investment, Industry Startup and Entrepreneurship Projects

Tripura is a state in Northeast India. The third-smallest state in the country, it covers 10,491 km2 (4,051 sq mi) and is bordered by Bangladesh (East Bengal) to the north, south, and west, and the Indian states of Assam and Mizoram to the east. Tripura is a landlocked state in North East India. The state has a tropical savanna climate, designated Aw under the Köppen climate classification. The undulating topography leads to local variations, particularly in the hill ranges. The four main seasons are winter, from December to February; pre-monsoon or summer, from March to April; monsoon, from May to September; and post-monsoon, from October to November.

Tripura's gross state domestic product for 2010–11 was 129.47 billion (US$2.1 billion) at constant price (2004–05), recording 5.71 per cent growth over the previous year. In the same period, the GDP of India was 48778.42 billion (US$790 billion), with a growth rate of 8.55 per cent. Tripura is an agrarian state with more than half of the population dependent on agriculture and allied activities. However, due to hilly terrain and forest cover, only 27 per cent of the land is available for cultivation. Rice, the major crop of the state, is cultivated in 91 per cent of the cropped area.

TOURISM

Tripura has a geographical area of about 10,492 sq. km. almost two-thirds of the state is under hilly terrain and it is surrounded on three sides by the deltaic basin of Bangladesh. The Tripura tribal’s are divided into two groups: Puran Tripuras and Natun Tripuras. The Puran Tripuras are the original inhabitants of the State and constitute a little over 16% of the total and 57% of the tribal population of the State. The Department of Tourism, Govt. of India, under the ministry of Tourism and Culture has been providing liberal financial and technical support for the tourism development in the state based on the projects received from the states. It is quite clear that Tripura has tremendous and quite unique tourism potential. This could be tapped mainly through the concept of Eco-tourism and Heritage tourism. Nature / wildlife tourism, adventure tourism, rural tourism, leisure tourism, pilgrimage tourism, international border tourism could be some special tourist packages. The Tourism Development in the Northeast region will depend on integrated approach, involving various government departments, private entrepreneurs, voluntary organizations and local community. This approach will also help in evolving local people’s perception towards tourism development as a strong tool for socio-economic up liftment.

INDUSTRIAL SECTOR

The State Government offers a package of incentives for setting up of industrial units, which is comparable to other states. Besides, the special incentive package i.e. North East Industrial and Investment Promotion Policy (NEIIP) declared by the Government of India for the North East Region is available to industrial units.

State Package of Incentives under Tripura Industrial Investment Promotion Incentive Scheme-

•                    Capital Investment Subsidy @ 30% and additional subsidy @ 2.5% for enterprises of ST, SC, & women individuals on Fixed Capital Investment.

•                    Full Reimbursement of Standard Certification Fees /Charges / other expenses on account of obtaining a standard Certification.

•                    Provides State Transport Subsidy for covering the portion for which Central Transport Subsidy is not available

•                    85% Exemption from the payment of Earnest Money and Security Deposits on tenders floated by State Govt. Department / Agencies.

Incentives declared by Central Government:

•                    Exemption of Excise Duty on finished products.

•                    Central Transport Subsidy.

•                    Income Tax Benefit.

•                    Capital Investment Subsidy.

•                    Comprehensive Insurance Scheme for insurance coverage. Subsidies to service sector, bio-technology and power generating industries.

INVESTMENT OPPORTUNITIES

Tripura offers an investor-friendly environment. The Government welcomes investments into the State, from both domestic and foreign investors.

•        Natural gas

Tripura has vast reserves of natural gas in non-associate form. The gas is of high quality, with high methane content of up to 97%. The availability of superior quality natural gas, at concessional price, offers a great opportunity to prospective investors, to set up gas-based industrial units, using natural gas

•        Information Technology (IT)

Tripura has been considered the second best IT destination in the North East. IT sector (including IT-enabled services) has been identified as one of the major potential growth sectors by the state. The high literacy rate of the State provides additional advantage for development of the sector.

•        Food Processing

The State government has identified food processing as a major thrust area. There is a vast potential for setting up of food processing units in the State. The agro-climatic conditions in Tripura are ideally suited for production of a large variety of horticultural crops.

•        Handicrafts

From time immemorial, Tripura has carved out a name for itself in the field of handicrafts. The gifted artisans produce wonderful objects of crafts from simple material like cane, bamboo and wood.

•        Tourism

Tripura is an attractive tourist destination. The state has a rich cultural heritage. There are number of historical Hindu and Buddhist sites.


INDUSTRIAL POLICY

•        To improve Basic as well Industrial Infrastructure.

•        Industrial Growth by attracting Private Investment.

•        To improve investment climate towards better regulation by removing barriers to competition.

•        Creation of hassle-free and congenial investment climate.

•        To bring significant increase in the State Domestic Product.

•        Widening of resources base of the state.

•        Development of connectivity (Internal road, railways and air & telecom).

•        Better social infrastructure Enabling Entrepreneurship -building capacities through entrepreneurial and technical skills, training and promotion of self-employment.

 THRUST AREAS

•        Natural Gas

•        Food Processing

•        Rubber

•        Tea

•        Handicraft

•        Bamboo

•        Handloom

•        Tourism

•        Information Technology

•        Education

  •           Healthcare

The Department of Industries & Commerce was established to promote Village and Small-scale industries as well as medium and large scale industries in the State. While efforts are being made to promote entrepreneurship within the State, the outside investors in the public and private sectors are also encouraged both for their financial capabilities and technical expertise, for the medium and large-scale units. The major existing industrial area is the Industrial Growth Centre Complex at Bodhjungnagar which also includes Food Park, Rubber Park and Export Promotion Industrial Park. The other industrial sites near Agartala as the main business and industrial centres are Dukli, Arundhatinagar and Badharghat. The mineral resources are minor amounts of glass sands, limestone, plastic clay and hard rock and all of these materials are being used in varying degrees. Setting up of ceramic tiles unit and other mineral based industries are being encouraged in the private sector.

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Dental Materials (Alginate, GI Cement, Composite Resin & Polycarboxylate Cement)

A dental impression is a negative imprint of hard (teeth) and soft tissues in the mouth from which a positive reproduction (cast or model) can be formed. Impression material is of liquid or semi-solid nature when first mixed and placed in the mouth. It then sets to become an elastic solid (usually takes a few minutes depending upon the material), leaving an imprint of person's dentition and surrounding structures of oral cavity. Alginate is an irreversible hydrocolloid. It exists in two phases: either as a viscous liquid, or a solid gel, the transition generated by a chemical reaction. The overall setting double composition reaction is as follows: Potassium (sodium) alginate + calcium sulphate dihydrate + water ? calcium alginate + potassium (sodium) sulphate Sodium phosphate is added as a retarder which preferentially reacts with calcium ions to delay the set of the material. The market has been estimated at USD 6.2 billion in 2016 and is projected to reach USD 8.5 billion by 2021, at a CAGR of 6.5% during the forecast period from 2016 to 2021. Dental equipment is tools used to diagnose and treat dental diseases. Dental tools are used by dental professionals to examine, manipulate, restore and remove teeth and surrounding oral structures and to provide dental treatment. The end-users for this market include hospitals, dental clinics, and dental practitioners. The Global Restorative Dentistry Market is projected to Reach USD 21.27 Billion by 2022 from USD 15.60 Billion in 2017, at a CAGR of 6.4% Increase in the prevalence of dental diseases (dental caries and edentulism), rising demand for advanced cosmetic dental procedures, growing dental tourism, and increasing dental expenditure are the major factors driving the demand for restorative dentistry. As a whole any entrepreneur can venture in this project without risk and earn profit.
Plant capacity: Composite Resin Poly Carboxylate Cement (500 gms Pack): 80 Packs/ Day Glass Ionomer Cement (15 gms Packs with 10 gm Liquid): 1333 Packs/ Day Composite Resin Poly Carboxylate Cement (500 gms Pack):40 Packs/ Day Plant & machinery: 26 lakhs
Working capital: -T.C.I: Cost of Project: Rs 71 lakhs
Return: 33.00%Break even: 75.00%
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Cross-Linked Sodium Carboxymethyl Cellulose

Cross-linked sodium carboxymethyl cellulose is also known as croscarmellose sodium or modified cellulose gum. Crosslinked sodium carboxymethylcellulose (CMC), croscarmellose, is prepared by the reaction of Na-CMC with acids. The raw material is usually a high viscosity sodium CMC with a low degree of substitution. The cross-linking reduces water solubility while still allowing the material to swell (like a sponge) and absorb many times its weight in water. As a result, it provides superior drug dissolution and disintegration characteristics. Cross-linked sodium carboxymethyl cellulose is used in tablets of table-top sweeteners and dietary food supplements, as it facilitates disintegration in aqueous solutions, with a maximum level of use of 30 g/kg. The global carboxymethyl cellulose (CMC) market was estimated at $1,151.7 Million in 2014 and is projected to register a CAGR of 4.2% between 2015 and 2020. Carboxymethyl cellulose (CMC) or cellulose gum is a cellulose derivative with carboxymethyl group in its chain. CMC is physiologically inert, chemically stable, odorless and tasteless substance which safe for health and environment. The growth of processed food industry, increasing pharmaceutical and cosmetics production, and the growing oil drilling activities are the major factors driving the growth of CMC market. As a whole entrepreneur can venture in this field will be successful. Few Indian major players are as under • Hexone Pharmaceuticals Ltd. • Hiranya Chemicals Pvt. Ltd. • Maple Biotech Pvt. Ltd. • Perry Impex Ltd. • Rishi Trading Co. Ltd. • Shreejal Info Hubs Ltd.
Plant capacity: Cross Linked Sodium Carboxymethyl Cellulose: 1000 Kgs./Day Plant & machinery: Rs 34 lakhs
Working capital: -T.C.I: Cost of Project : Rs 144 lakhs
Return: 27.00%Break even: 70.00%
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PVC Wires and Cables

An important part of this power system is the cable system that is used exclusively to carry power from the main substations to secondary substations at load centers. Low-voltage cable is used to distribute power from the load centers to utilization equipment in conduits and ducts, even though other methods such as cable trays, direct burial for outdoor applications, and aerial cable are used. PVC and polyethylene are the two main polymer types used for wire and cable insulation, with PVC comprising about 2/3 of the insulation used for building wiring. PVC compounds used in wires and cables as per BS 600 are described in BSEN 50363-3/BS 7655-4.2. PVC wires & cables are used in home appliance, house wiring, T.V, VCR control panel, power distribution & secondary transmissions etc. Wires and cables sector basically consists of two areas: (i) power; and (ii) telecommunication. The wires and cables industry in the India has grown at a CAGR of 16.7% from INR ~ million in FY’2009 to INR ~ million in FY’2014. The electric wire and cable market in India to grow at a CAGR of 16.18% over the period 2015-2019. Indian Electrical Equipment Industry Mission Plan 2012-2022, the government has planned to make India the country of choice for the production of electrical equipment and reach an output of $100 billion by balancing exports and imports. Thus, due to demand it is best to invest in this project. Few Indian major players are as under • Apar Industries Ltd. • Asian Cables & Inds. Ltd. • Associated Engineers & Industrials Ltd. • Chandresh Cables Ltd. • Delton Cables Ltd. • Electronica Machine Tools Ltd. • Emgee Cables & Communications Ltd.
Plant capacity: PVC Wires and Cables: 10 KMTRS/Day Plant & machinery: Rs 90 lakhs
Working capital: -T.C.I: Cost of Project: Rs 444 lakhs
Return: 28.00%Break even: 50.00%
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Betel Nut (Supari) Processing

Areca nut is the nut of areca palm. Biological name of areca nut palm is Areca catechu and it is a member of the family arecaceae or palmal. It is also called betel nut, as it is usually chewed with betel leaf and lime. Betel nut is a seed of the Areca catechu, a type of palm tree. It's commonly chewed after being ground up or sliced and wrapped in leaves of the Piper betel vine that have been coated with lime. This is known as a betel quid. Tobacco or flavorful spices may also be added. The dust and ‘Chogaru’ are traditionally used as a masticatory and for tanning leather. The tannins of arecanut tan leather satisfactorily except for the colour. India is the highest producer of areca nut with a production of around 3.3 lakh tones and a total acreage under cultivation of 2.64 lakh hectares, with Karnataka and Kerala accounting for nearly 72 per cent of the total production. Over six million people are engaged in areca nut cultivation, processing and trade. More than 85 per cent of the area under cultivation is made up of small and marginal holdings. Among the two varieties white nuts have a share of 60 per cent. India is also the largest consumer with around 3.2 lakh tonnes. As a whole you can invest in this project without risk and earn profit.
Plant capacity: Supari: 500 Kgs. /Day Tannin: 33 Kgs. /Day Brushes/Rope: 250 Kgs. /Day Pan Masala: 500 Kgs. /DayPlant & machinery: Rs 42 lakhs
Working capital: -T.C.I: Cost of Project: Rs 191lakhs
Return: 27.00%Break even: 58.00%
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Infrared Reflected (IR) Paint

The sun energy reaches Earth as UV, visible and infrared radiation. The last one is largely responsible for heat build-up.© Solar radiation, visible radiation, near infrared (NIR) radiation, very short wavelength infrared (VSWIR) radiation etc., The visible region of the electromagnetic spectrum is commonly considered to be the wavelength range between 0.4-0.72 ?m (400-720 nm). The polymers used in the SRP roof systems expand when wet, offering unparalleled protection expands when wet offering unparalleled protection against damaging moisture penetration. The roof coat resin has a very special property known as “Variable Permeability”. When conditions are wet, the polymers swell up becoming completely watertight. This report deals with the simulation thermal coating for providing the room comfort and thereby reducing the usage of Air conditioning units and fans. Infrared-reflective coatings can be formulated with various pigments, metals (such as aluminum) or other materials to produce an IR-reflective barrier. The paints industry in India has been growing at the rate of around 12% a year. The paints market has crossed the Rs. 135 bn mark. By volume, the market is estimated at 1.4 mntonne which is growing at an average annual growth of over 6 to 8% (12% by value). The unorganized sector, shrunk in the recent years, still commands a share of 46% (by volume) and 35% (by value). The global cool roof coating market is expected to reach USD 5.41 billion by 2025. The global cool roof coating market demand was 37.7 million liters in 2015 and is expected to reach 78.5 million liters by 2025, growing at a CAGR of 7.6% from 2016 to 2025. The global IR Reflected coating market is expected to reach USD 5.41 billion by 2025. which facilitates the development of new technologies and ensure a high quality product. Few Indian major players are as under • Apurva India Pvt. Ltd. • Asian Paints Ltd. • B N B Coatings India Pvt. Ltd. • Berger Becker Coatings Pvt. Ltd. • Bituminex Cochin Pvt. Ltd. • Cipy Polyurethanes Pvt. Ltd. • Creamcem Coatings (India) Pvt. Ltd.
Plant capacity: Infrared Reflected (IR) Paint: 300 Ltrs. /DayPlant & machinery: Rs 33 lakhs
Working capital: -T.C.I: Cost of Project: Rs 196 lakhs
Return: 26.00%Break even: 40.00%
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Calcium Gluconate

Calcium gluconate is the calcium salt of gluconic acid. In order for the product to be registered as a food fortificant, it must be prepared at high purity, i.e. without the presence of by-products that are unregistered. An important disadvantage of calcium gluconate is that it is relatively costly to produce. For the production of calcium gluconate an enzymatic process is preferred because of its high specificity and the resulting high purity of the product. However, the solubility of calcium gluconate under the conditions required for optimal enzymatic conversion (pH 5-7, 30-35°C.) is only 40 g/L. Calcium Gluconate can be used in Food, Beverage, Pharmaceutical, Health & Personal care products, Agriculture/Animal Feed/Poultry. The international market for calcium gluconate can be divided largely on the basis of application, end use, in addition to the available form. On the basis of the end use, the market for calcium gluconate may be additionally divided into bulking agent, emulsifier, and thickening agent. The global market for calcium gluconate is projected to grow as a result of the mounting demand from different end-use industries with the highest demand expected from pharmaceutical and food and beverages. The major global key players in this space include: Noah Technologies Corporation, Aaron Industries, Inc. AKZO Nobel Chemicals Inc, American Biorganics, Inc, Coyne Chemical, Alfa Aesar, PMP Fermentation Products, Inc and Glucona America, Inc. These companies are staying competitive by developing innovative market, which include mergers and acquisitions, new product development, joint ventures, and expansion. Thus, as an entrepreneur this project offers an exciting opportunity to you. Few Indian major players are as under • Chemicals & Plastics India Ltd. • Kowa India Pvt. Ltd. • Naveen Enterprises Ltd. • New Alliance Dye Chem Pvt. Ltd. • Prathista Inds. Ltd.
Plant capacity: 5 MT/DayPlant & machinery: Rs 63 lakhs
Working capital: -T.C.I: Cost of Project: Rs 208 lakhs
Return: 28.00%Break even: 52.00%
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Spices (Masala)

Spices are non-leafy parts (e.g. bud, fruit, seed, bark, rhizome, and bulb) of plants used as a flavoring or seasoning, although many can also be used as an herbal medicine. The two terms may be used for the same plants in which the fresh leaves are used as herbs, while other dried parts are used as spices, e.g. coriander, dill. A masala can either be a combination of dried (and usually dry roasted) spices, or a paste (such as vindaloo masala) made from a mixture of spices and other ingredients—often garlic, ginger, onions and chili paste. • Spices contain an impressive list of plant-derived chemical compounds that are known to have disease preventing and health promoting properties. India is the world's largest producer, consumer and exporter of spices; the country produces about 75 of the 109 varieties listed by the International Organization for Standardization (ISO) and accounts for half of the global trading in spices. Total spices export from India stood at 226,225 tonnes valued at US$ 621.78 in April-June 2016, registering a year-on-year growth of 3 per cent. The revenues from India market are expected to expand to around USD 18 billion in FY’2020, growing with a CAGR of ~% from FY’2016 to FY’2020. Which facilitates the development of new technologies and ensure a high quality product. Few Indian major players are as under • A D F Foods Ltd. • Aachi Masala Food'S Pvt. Ltd. • Akay Flavours & Aromatics Pvt. Ltd. • Catch Foods (India) Ltd. • Chordia Food Products Ltd. • Devon Foods Ltd. • Empire Spices & Foods Ltd.
Plant capacity: Turmeric Powder (50, 100 & 200 gms Packs): 14 Kgs./Day Coriander Powder (50, 100 & 200 gms Packs): 14 Kgs./Day Red Chilly Powder (50, 100 & 200 gms Packs): 14 Kgs./Day Cumin Powder (50 gms Packs): 4 Kgs./Day Black Pepper (50 gms Packs) Plant & machinery: Rs 4 lakhs
Working capital: -T.C.I: Cost of Project: Rs 10 lakhs
Return: 17.00%Break even: 77.00%
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Hot Dip Galvanizing

Hot Dip Galvanizing is a process in which an adherent, protective coating of zinc and zinc compounds is developed on the surfaces of iron and steel products by immersing them in a bath of molten zinc. Hot dipping is a process in which a metal substrate is immersed in a molten bath of a second metal. After removal, the second metal is coated into the first. It is essential to have higher melting temperature of first metal than the second. The most common substrate metals are steel and iron and the common coating materials are zinc, aluminium, tin and lead. Prior to coating, cleaning of rust, scale, oil, paint and other surface contaminants is required. For coating process, immersion in the molten metal is done for periods ranging from a fraction of a minute for small objects like fasteners to several minutes for large scale structures. Temperature of approximately 450°C and 700°C need to be maintained (bath temperature) for galvanizing (zinc coating) and aluminium coating respectively. Steel manufacturing output of India is expected to increase from 88.4 million tons (MT) in 2017 to 128.6 MT by 2021, accelerating the country’s share of global steel production from 5.4% in 2017 to 7.7% by 2021. India is the second-largest crude steel producer in the world. In FY17, India produced 111.254 million tons (MT) of finished steel. Total finished steel production in the country increased at a CAGR of 8.39 per cent over FY12-17. Crude Steel and Finished Steel production during April-October 2017 stood at 66.70 MT and 76.36 MT, respectively. Driven by rising infrastructure development and growing demand for automotives, steel consumption is expected to reach 104 MT by 2017. India’s steel production is expected to increase from 97.42 MT in FY17 to 128.6 MT by 2021. Thus, due to demand it is best to invest in this project. Few Indian major players are as under • Aravali (India) Ltd. • Arun Pipes Ltd. • Ashapura International Ltd. • Ashapura Minechem Ltd. • Assam Roofing Ltd. • Bedmutha Industries Ltd. • Bharat Berg Ltd.
Plant capacity: M.S. Pipes: 10 MT/Day Nuts & Bolts: 2 MT/DayPlant & machinery: Rs 176 lakhs
Working capital: -T.C.I: Cost of Project: Rs 622 lakhs
Return: 27.00%Break even: 49.00%
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Bio-Plastic Products(GLASSES, PLATES AND BAGS)

Plastics have become an important part of modern life and are used in different sectors of applications like packaging, building materials, consumer products and much more. Biodegradable plastics are mainly derived from corn, wheat and potato starch. Biodegradable plastics products are thermoplastic materials which are processed with the same machines traditionally used to process conventional plastics. Biodegradable shopping bags are made of polymers that degrade, or decompose, when exposed to air, water, or sunlight. Currently, CU Dining Services is promoting their use of biodegradable bags from Grab-n-Go’s. The bio-plastic sheets are generally made from starch based polymers. The sheets can be processed into plates and glasses using the conventional method. Bioplastics in India are still at a very nascent stage with only two participants operating in this segment. As compared to the European market, where bioplastic products are commercially available, the Indian bioplastics industry has a long way to go in terms of production, raw materials, and technology. Though there is an increasing interest in the bioplastics in India, factors such as lack of environmental concern, price, and regulation are the key issues affecting the growth of this segment. The global bio plastics market was 19.54 billion USD in 2016 and is estimated to reach US$ 65.58 billion in 2022 at an estimated CAGR of 22.36% for the forecasted period.
Plant capacity: Bio-Plastic Glasses (wt. each Glass 16 gms): 62500 Pcs./Day Bio-Plastic Plates (wt. each Plate 40 gms): 25000 Pcs./Day Bio-Plastic Bags (wt. each Bag 100 gms): 10000 Pcs./DayPlant & machinery: Rs 155 lakhs
Working capital: -T.C.I: Cost of Project: Rs 718 lakhs
Return: 27.00%Break even: 42.00%
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Bentonite (Quarrying, Processing & Exporting)

Bentonite comes under the speciality of clay (Aluminium Hydrosilicate), which has large used in the chemical industries, oil refineries industries, cosmetics industry. A particular feature of this group of minerals is the substitutions of Si4+ and Al3+ in the crystal structure by lower valency cations. Calcium bentonite is a useful adsorbent of ions in solution, as well as fats and oils. A colloidal native hydrated aluminium Silicate (clay) consist principally of montmoillonite Al2O3, 4SiO2 H2O usually contains some magnesium, iron and calcium carbonate. The global market for bentonite offered an opportunity worth US$1.42 bn in 2015. Researchers anticipate it to rise at a CAGR of 3.0% from 2016 to 2024 and reach a value of US$1.85 bn by the end of 2024. By 2025 India may consume 30-34 million tons of oil. 2016-2017 edible non-edible imports expected 15 million tones. The global activated bleaching earth market to grow with a CAGR of 4.0% over the period of 2017 - 2023 The study on activated bleaching earth market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Row for the period of 2015 to 2023. As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian major players are as under • Ashapura Minechem Ltd. • Bituminex Cochin Pvt. Ltd. • Earth International Pvt. Ltd. • Gimpex Pvt. Ltd. • Jamipol Ltd. • Laviosa India Pvt. Ltd. • Neelkanth Rockminerals Ltd.
Plant capacity: ABE Dry Process Bentonite: 720 MT/Day ABE Wet Process Bentonite: 60 MT/Day Sodium Grade Bentonite: 74 MT/DayPlant & machinery: Rs 1994 lakhs
Working capital: -T.C.I: Cost of Project: Rs 6132 lakhs
Return: 42.00%Break even: 32.00%
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Information
  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.

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