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

Agriculture: Project Opportunities in Goa

PROFILE:

Agriculture sector contributes one-fourth of the country’s GDP. India is the largest producer of milk, fruits, pulses, cashew nuts, coconuts and tea in world and accounts for 10 % of the world fruit production. India’s food grain production is expected to rise to 208.5 million tons by March 2006, from 204.6 million tons in 2005. Horticulture sector contributes 30 % of the agriculture GDP and accounts for 8.5 % of cultivated area. In the Global food processing industry Asia-pacific is accounting for 31.10 % of global market. India is the World’s second largest producer of food, next to China and has potential to be number one.

RESOURCES:

The major food crops in the State are rice, paddy, maize, jawar, bajra and ragi. While, main cash crops are coconut, cashew nut, arecanut, sugarcane and fruits like pineapple, mango and banana. Out of the total geographical area of 3702 sq km, the State has a rich forest cover of about 1424.46 sq km. Of this, 1224.46 sq km has been classified as Government forest (of which about 62% has been brought under Protected Areas (PA) of Wildlife Sanctuaries and National Parks) and the rest as private forests.

GOVERNMENT POLICIES:

Indian agriculture policy is aimed essentially at improving food self sufficiency and alleviating hunger through food distribution. In India, agricultural trade policy is a part of a larger food and agriculture policy regime that seeks to maintain food self-sufficiency while providing income support to the agricultural sector and poor consumers. The salient features of the new agricultural policy are:

•        Over 4 per cent annual growth rate aimed over next two decades.

•        Greater private sector participation through contract farming.

•        Price protection for farmers.

•        National agricultural insurance scheme to be launched.

•        Dismantling of restrictions on movement of agricultural commodities throughout the country.

•        Rational utilisation of country's water resources for optimum use of irrigation potential.

•        High priority to development of animal husbandry, poultry, dairy and aquaculture.

•        Capital inflow and assured markets for crop production.

•        Exemption from payment of capital gains tax on compulsory acquisition of agricultural land.

•        Minimise fluctuations in commodity prices.

•        Continuous monitoring of international prices.

•        Plant varieties to be protected through legislation.

•        Adequate and timely supply of quality inputs to farmers.

•        High priority to rural electrification.

•        Setting up of agro-processing units and creation of off-farm employment in rural

Fisheries and Aquaculture Sector: Project Opportunities in Goa

PROFILE:

The 'fisheries and aquaculture sector' is recognized as the sunshine sector in Indian agriculture. It stimulates growth of number of subsidiary industries and is the source of livelihood for a large section of economically backward population, especially fishermen, of the country. Fish production in India has increased more than tenfold since its independence in 1947. According to the Food and Agriculture Organization of the United Nations, fish output in India doubled between 1990 and 2010. India has 8118 Km of marine coastline, 3827 fishing villages, and 1914 traditional fish landing centres. India's fresh water resources consists of 195,210 Km of rivers and canals, 2.9 million hectares of minor and major reservoirs, 2.4 million hectares of ponds and lakes, and about 0.8 million hectares of flood plain wetlands and water bodies. As of 2010, the marine and freshwater resources offered a combined sustainable catch fishing potential of over 4 million metric tonnes of fish.

RESOURCES:

Fishing is another traditional and important economic activity of the State. Goa, being located on the west coast of India, has a coastline extending over 100 Km and inland waterways of another 250 Km, rich in marine wealth. Prawns, the valuable foreign exchange earner, mackerels, sardines, etc. are available in plenty in Goa coast. Fish is a protein rich food. It forms a chief component in the diet of about 90% of the population of Goa. Capture fisheries of Goa (India) constitute a highly productive sector. They remain one of the major sources of valuable food and employment and a net contributor in the foreign exchange earnings. As a result of this dramatic increase some marine fish stocks have started showing the sign of over-exploitation. Many small scale units based on fisheries resources like salt curing of mackerels, fish meat, fish oils, dehydration of fishes etc. are being set up under the State. The fishing activity has also given a big boost to canning, freezing and other fish processing units in the State. A couple of fish oil extraction as well as fish meal manufacturing units can also be set up in the State by utilising the rich fisheries resources.

GOVERNMENT POLICIES:

The Indian government announced NDSP as part of the economic reforms programme. The policy involved three schemes - leasing out of foreign fishing vessels to operate in the Indian EEZ, engaging foreign fishing vessels for test fishing and forming joint ventures between foreign companies and Indian companies on 49:51 equity basis in deep sea fishing, processing and marketing. Government of India started giving licenses to joint venture, lease and test fishing vessels.

Tourism: Project Opportunities in Goa

PROFILE:

Tourism in India is the largest service industry, with a contribution of 6.23% to the national GDP and 8.78% of the total employment in India. Tourism has become an important industry in many countries of the world, both in the east and the west. Various initiatives are being taken by the Government and other organizations to promote tourism here. Tourism is one of the fastest growing industries in the world. The number of tourists worldwide has been registering phenomenal growth and it is expected that this number would shortly touch 1.5 billion. Tourism contributes about 11% of the world work force and 10.2% of the global gross domestic products. The dynamic growth of this industry is evident from the fact that a new job is added to this sector every 2.5 second.

RESOURCES:

Goa is one of the most preferred places of holiday in India. It may not be the state to receive maximum number of tourists in India but the state is well known to receive international tourists on a large scale, more than probably any other state in the country. Thus, it is evident that tourism is the main source of income for the state government as well as residents who rely heavily on the tourists to boost of their trade. Notably, Goa is the state with the highest GDP in India. Agonda, Candolim, Calangute and Dona Paula are some of the Goa beaches that are most inviting. However, these are not the only beaches in the state. The beaches are known to witness a massive footfall throughout the year. Besides, the churches in the state are the living reminiscent of the Portuguese rule in the state of Goa. The beautifully adorned churches are one of the major contributors that led the state earn the sobriquet of "Pearl of the Orient".

GOVERNMENT POLICIES:

The basic Government policy would be to raise the quality of the infrastructure, which is a foundation for the sustainable growth of tourism and is crucial for accelerated benefits to the people of the state. Accordingly, Government would endeavour to provide:-

•        Encouragement to existing private initiatives through an appropriate package of fiscal and friendly taxation measures.

•        Investor friendly environment for new private initiatives through a combination of prompt processes and progressive fiscal and taxation policies.

•        Develop tourism as a non-invasive instrument of revitalization, conservation and growth.

•        A balanced tourism development as a part of the overall Area Development Strategy.

•        Public infrastructural facilities including local planning and zoning arrangements.

•        Entrust regulatory measures to ensure social, cultural and environmental sustainability.

•        Ensure that the type and scale of tourism development is compatible with the environment and social cultural milieu of the area.

•        Ensure that the local community is involved and the benefits of tourism accrue to them.

•        Ensure availability of trained manpower primarily from amongst the local pollution.

•        Undertake research, prepare Master Plans, formulate marketing strategies and organize domestic and overseas promotion and marketing jointly with the industry.

•        Ensure Regulation of Indigenous Tourism related Health Care System.

•        Measures to ensure promotion, facilitation and regulation of Tourist Trade.

Mineral and Mining: Project Opportunities in Goa

PROFILE:

A mineral is a naturally occurring solid chemical substance formed through biogeochemical processes, having characteristic chemical composition, highly ordered atomic structure, and specific physical properties. Common rocks are often made up of crystals of several kinds of minerals. There are some substances, like opal, which have the appearance of a mineral but lack any definite internal structure, are sometimes called "mineraloids". The minerals produced in India constitute one-quarter of the world's most popular mineral resources.

RESOURCES:

The State of Goa is a tiny emerald land on the west coast of the Indian Peninsula. The rich and varied mineral resources of the State have contributed handsomely towards the development and industrialization of the State. The State of Goa has an important position in the Mineral Map of the Country.  The production of iron ore accounts to about 13% of the iron ore production in India and its exports accounts to about 35% of the Country exports. The State of Goa is endowed with Mineral Resources.  Iron ore, Manganese ore, Bauxite are minerals of economic importance.  Besides there are minor minerals like Basalt, Laterite stones and rubbles, River sand, Murrum etc., which are in great demand as construction material.  This industry is labour intensive and provides work to large number of people. The Bauxite Mines are situated in South Goa over an area of 1263.678 Ha. with estimated reserves of 70 million tons. These are metallurgical grade bauxite which can also be used for various applications such as cement, alumina chemicals, etc.

GOVERNMENT POLICIES:

Strategy for mineral development and exploitation:

•        Notification for re-grant of mineral concessions.

•        Sustainable Development

•        Mine Rehabilitation

•        Simplification of Procedure

•        Environmental and ecological balance.

•        Development of Infrastructure Facilities

•        Financial Assistance

•        Value Addition and Upgradation of Minerals

•        Information Dissemination

•        Foreign Capital Investment

Waste Management and Recycling: Project Opportunities in Goa

PROFILE:

Waste utilization, recycling and reuse plays a major role in limiting resource consumption and the environmental impact of waste. Recycling is an integral part of any waste management system as it represents a key utilization alternative to reuse and energy recovery (Waste-to-Energy). Which option is ultimately chosen depends on the quality, purity and the market situation. Hazardous waste management is a new concept for most of the Asian countries including India. The lack of technical and financial resources and the regulatory control for the management of hazardous wastes in the past had led to the unscientific disposal of hazardous wastes in India, which posed serious risks to human, animal and plant life.

RESOURCES:

Goa produces around 300 tonnes of garbage, but with municipal bodies. The proliferation of plastic wastes in the urban and village environments of Goa, and the abysmally hopeless and inadequate arrangements of municipalities and authorities for the disposal of this plastic litter, are subjects which many environment NGOs and citizens have expressed anguish over right from the inception of the Goa Environment Federation (GEF). Goa receives around 2 million of domestic and international tourists per year. A tourist produces an average of 1kg of waste a day. If we calculate the waste therefore, generated by the tourism industry in Goa the figures are shocking and huge. This waste is leading to a loss of biodiversity which is linked to human activities and loss of landscape attractiveness affect a number of tourist destinations. Though a few civic bodies, including CCP, have initiated solid waste management programmes, the problem is also in coping with the huge outflow of non-biodegradable waste from tourism industry, shops and establishments and plastic-oriented packaging in a consumerist society. Around 2,000 composting units to treat wet waste have been set up at various levels, including individuals and housing colonies.

GOVERNMENT POLICIES:

National policy on waste management is set out in the October 1998 policy statement on waste management - Changing our Ways. It outlines the Government's policy objectives in relation to waste management, and suggests some key issues and considerations that must be addressed to achieve these objectives. The policy is firmly grounded in an internationally recognised hierarchy of options, namely prevention, minimisation, reuse/recycling, and the environmentally sustainable disposal of waste which cannot be prevented or recovered.

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Arabic Gum

Gum arabic is a complex mixture of macromolecules of different size and composition (mainly carbohydrates and proteins).Gum Arabic, also known as Gum Acacia, is a natural gum harvested from the exterior of Acacia trees in the form of dry, hard nodules up to 50 mm in diameter, and ranging from almost colourless to brown. Its unique properties endow it with a wide range of uses in food, beverage, pharmaceutical and industrial applications. The growth of the global market is driven by the rising income levels, multiple functionalities of gum arabic in the food & beverages industry, and the rising awareness regarding the medicinal benefits of gum arabic. Global Industry Analysis and Forecast, 2017-2025,” indicate that the market, which is presently worth nearly US$ 300 Mn, will expand steadily at 5.4% CAGR.Which facilitates the development of new technologies and ensure a high quality product. Few Indian major players are as under • Continental Chemicals Ltd. • Finar Ltd. • India Glycols Ltd. • Naveen Enterprises Ltd. • Rishi Trading Co. Ltd. • Shree Gums Pvt. Ltd.
Plant capacity: Arabic Gum: 16 MT/DayPlant & machinery: Rs 81 lakhs
Working capital: -T.C.I: Cost of Project: Rs361lakhs
Return: 28.00%Break even: 57.00%
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Macaroni, Spaghetti, Vermicelli and Noodles

Macaroni are made from wheat flour, carbonic salt water, pure salt, soft water and other additives. Carbonic salt water with sodium or potassium carbonate as the main constituent is an important additive giving the stickiness, elasticity, smoothness and good taste.Macaroni is a variety of dry pasta traditionally shaped into narrow tubes, produced in various shapes and sizes.Spaghetti is a long, thin, solid, cylindrical pasta. Spaghettoni is a thicker form of spaghetti, while capellini is a very thin spaghetti. It is a staple food of traditional Italian cuisine.In India, vermicelli is made from plain wheat flour or maida but in most of the western countries. Atta or maida noodles is a ready to cook and serve snack food which has become very popular in India in the recent years after its introduction on mass scale of M/s. Food Specialties Ltd, New Delhi under the brand name "Maggi" which is an instant noodle made out of flour. India is the world’s second largest producer of food next to China but accounts for less than 1.5% of International food trade.The global market for pasta can be classified into spaghetti, macaroni, and noodles.“In the Indian pasta market, which is estimated at Rs 700 crores, over 70% of gourmet pastas are manufactured by Indian brands,” said Udit Jain, Director of Rajdhani Group.Thus, due to demand it is best to invest in this project. Few Indian major players are as under • Bambino Agro Inds. Ltd. • C G Foods India Pvt. Ltd. • Capital Foods Ltd. • G D Foods Mfg. (India) Pvt. Ltd. • Inbisco India Pvt. Ltd. • Indo Nissin Foods Pvt. Ltd.
Plant capacity: Spaghetti (250 gms Size): 2,880,000Packets/Annum Spaghetti (450 gms Size): 1,600,000 Packets/Annum Macaroni (500 gms Size): 1,920,000Packets/Annum Vermicelli (500 gms Size): 1,920,000 Packets/Annum Noodles (36 gms Size): 6,666,666Plant & machinery: Rs 128 lakhs
Working capital: -T.C.I: Cost of Project: Rs595lakhs
Return: 28.00%Break even: 58.00%
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Roller Flour Mill with Packaging (Automatic Plant)

Roller Flour Milling sector processes around 12 – 15 per cent of the total wheat consumed in the country, the balance being processed through Stone Chakkis. The purpose of the milling process is to break up the grains of wheat into flour (which comes from the centre of the grain, or endosperm), bran (the skin of the wheat), and pollard (the dusty material created during the grinding process). Whole meal flour is a blend of flour, bran and pollard in the proportions in which they occur in the grain. The Packaged Wheat Flour Market in India started breaking the old age traditions of grinding wheat at local Chakki mills by growing at a whooping Compound annual growth rate (CAGR) of 19% and may likely to be double the current size by end of this decade. However, the wheat flour market largely dominated by local chakki mills in India; the branded packaged wheat flour segment is emerging rapidly in the country by offering better quality, nutrition and convenience.As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian major players are as under • Ambe Agro Inds. Ltd. • Arpan Foods Ltd. • Aruppukottai Shri Ramalinga Roller Flour Mills Ltd. • B P Food Products Pvt. Ltd. • Bambino Food Inds. Ltd. • Bannari Amman Flour Mill Ltd.
Plant capacity: Maida: 40 MT/Day Sooji: 15 MT/Day Wheat Flour: 8 MT/Day Wheat Bran: 17 MT/Day Besan: 20 MT/DayPlant & machinery: Rs 290 lakhs
Working capital: -T.C.I: Cost of Project : Rs806lakhs
Return: 29.00%Break even: 56.00%
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Adhesive (Fevicol Type)

Fevicol type adhesives come under the category of synthetic resins and latex adhesives are made from polyvinyl acetate is a thermoplastic, odourless, tasteless, non-toxic, essentially clear and colourless resin. The resin is unaffected by sunlight, ultraviolet light and air, furthermore it will absorb a small amount of water.WPA is the highest level of “wet strength.” This in itself is a misnomer in that all starch is water soluble. They are also used in glueing of furniture, the clay coating of paper, non-woven fabrics and many other applications. The manufacture of adhesive from synthetic resin is simple and can be started with a very little investment. The most advantageous factor in this plant is that it can be switched over to any type of adhesive as per market demand.The market size of all types of adhesives is very large and growing. Of this, the premium products account for some 50%. Quantitatively, the overall market size is growing annually at 15%.As a whole any entrepreneur can venture in this project without risk and earn profit. Few Indian major players are as under • Anabond Ltd. • Arofine Polymers Ltd. • C I C O Technologies Ltd. • Century Ply boards (India) Ltd. • D I C India Ltd. • F C L Technologies & Products Ltd. • Feroke Boards Ltd.
Plant capacity: Adhesive (Fevicol Type): 8 MT/DayPlant & machinery: Rs 42lakhs
Working capital: -T.C.I: Cost of Project: Rs264lakhs
Return: 28.00%Break even: 62.00%
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Chili Oil

Chili oil is essentially dried chilies, preserved in oil. It adds a delightful kick to whatever dish you’re using it in. Commonly used as a finishing oil for risottos, pastas and seafood, it’s also a great oil for any stirfry. Chili also called red pepper belongs to the genus capsicum, under the solanaceae family. They are believed to have originated from South America. Chilies are referred to as chilies, chile, hot peppers, bell peppers, red peppers, pod peppers, cayenne peppers, paprika, pimento, and capsicum in different parts of the world. Total world chili oil demand to increase by 1.4 million bpd, which makes India's expected growth of some 300,000 bpd the most significant source of growth for crude producers outside of China's expected lift in demand of about 380,000 bpd.Entrepreneurs who invest in this project will be successful.
Plant capacity: Chilli Oil: 27,300 Kg./Annum Oleoresin: 122,700 Kg./AnnumPlant & machinery: Rs 1828 lakhs
Working capital: -T.C.I: Cost of Project: Rs2450 lakhs
Return: 27.00%Break even: 45.00%
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Dry Fruits Processing (Cashew, Almond, Walnut, Raisins (Kishmish/Munnakka) and Figs)

Cashew nuts are a popular snack and food source. Cashews, unlike other oily tree nuts, contain starch to about 10% of their weight. This makes them more effective than other nuts in thickening water-based dishes such as soups, meat stews, and some Indian milk-based desserts.The almond fruit measures 3.5–6 cm (1–2 in) long. In botanical terms, it is not a nut, but a drupe. The outer covering or exocarp, fleshy in other members of Prunus such as the plum and cherry, is instead a thick, leathery, grey-green coat (with a downy exterior), called the hull.A raisin is a dried grape. Raisins are produced in many regions of the world and may be eaten raw or used in cooking, baking, and brewing. In the United Kingdom, Ireland, New Zeal and Australia, the word "raisin" is reserved for the dark-colored dried large grape, with "sultana" being a golden-colored dried grape, and "currant" being a dried small Black Corinth seedless grape.Figs are a delicious fruit like treat and popularly known as “Anjeer” in India. Fig fruit is one of the ancient fruits in the world. The fig fruit is unique, unlike most ‘fruits’ in which the structure is matured ovary tissue, and the fig’s edible structure is actually a stem tissue.Walnuts are rich source of a number of important nutrients that have a very positive effect on the human health. The nut length was found in the range of 35.17-41.37 mm, nut diameter (31.72 mm-34.32 mm), Nut thickness (32.21-35.10 mm), nut weight (10.30 g-19.22 g). Nuts and dried fruits in India offer a unique opportunity to meet the needs of a consumer who is looking to adopt a new wellness life style without having to forego traditional values -a consumer who is increasingly concerned with health but is not willing to compromise on taste. The nut and dried fruit industry in India is currently pegged at INR 15,000 crores (~ USD 2 billion) and is estimated to grow to INR 30,000 crores (~ USD 4 billion) by 2020, according to the Chairman of Royal Dried Fruits Range, a city-based dried fruits retailer.This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under • Ashoka Estate Developers Pvt. Ltd. • Goa Forest Development Corpn. Ltd. • Infragro Industries Ltd. • Kerala State Cashew Devp. Corpn. Ltd. • Kore Foods Ltd. • Kreem Foods Pvt. Ltd. • Padmavathi Cashews & Coffee Ltd.
Plant capacity: Cashewnut (Tin Pack 10 Kgs Size & Poly Packs 1 Kg Size) : 1050 MT/Annum Wallnut (Tin Pack 10 Kgs Size & Poly Packs 1 Kg Size) : 300 MT/Annum Almond (Badam) (Tin Pack 10 Kgs Size & Poly Packs 1 Kg Size): 750 MT/Annum Raisins (Kishmish/ Munakka) (Tin Pack Plant & machinery: Rs 957 lakhs
Working capital: -T.C.I: Cost of Project: Rs1597lakhs
Return: 27.00%Break even: 53.00%
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Virgin Coconut Oil

VCOis considered a saturated fat (fat similar to animal sources), however, it has an unique composition of high percentage of medium chain triglycerides (MCTs). MCTs, unlike long chain triglycerides, are easily converted into energy by the liver and have been proven to increase the metabolic rate of an individual. Fatty acid composition of VCO is predominantly Lauric (48%). Monolaurin, derived from the Lauric Acid, has been known to have antimicrobial, antiviral and antifungal effects in the body. The virgin coconut oil market in Kerala and Tamil Nadu is on a steady line this week with prices remaining at 14,000 a quintal and 14,100 respectively. The global virgin coconut oil market size to grow steadily at a CAGR of around 10% by 2021.The growth of global virgin coconut oil market is significantly increasing during the forecast period of 2017-2023.The virgin coconut oil market is highly fragmented with large number of small and local manufactures in the product segment. The key vendors are anticipated to invest on research and development due to huge popularity and rise in the competition in future.As a whole any entrepreneur can venture in this project without risk and earn profit.
Plant capacity: Virgin Coconut Oil: 500 Units/Day Deffated Coconut Powder: 208 Units/DayPlant & machinery: Rs 139 lakhs
Working capital: -T.C.I: Cost of Project: Rs621 lakhs
Return: 24.00%Break even: 43.00%
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Truck Body Building Industry

Truck Body Building Industry. How to Start a Profitable Automobile Body Building Business Automobile body building is an important activity. The chassis are supplied by Automobile manufacturers, and body is built by automobile body builders. Bus/Truck is used as the most common public transport vehicle in our country. Different State Transport Undertakings are plying their buses for commuting public from one place to another and from one State to another. Apart from these Undertakings, Private Bus Operators, travel agencies etc. are also operating buses on permit basis. There are two basic types of products: on-road and off-road. On-road truck bodies are designed for vehicles that travel mainly on highways and paved roads. Off-road truck bodies are designed for trucks that travel on unimproved roads or cleared land. Some truck bodies are designed for vehicles used in mining, agriculture, construction, or farming activities. Others attach to tow trucks and wreckers, delivery vans and vehicles, water sprayers, cable and telephone trucks, and repair equipment Automobiles body building units generally specialize in a few types of vehicles. For example, a body building workshop of small capacity can undertake either trucks or buses of standard design or mini buses or delivery vans or similar other vehicles used for commercial transportation of goods & passengers. But, sufficiently big auto-body building factories can undertake a range of chassis’s for constructing and mounting body on them. Auto-body building involves a lot of structural designs, wood & metal working processes, fastening techniques surface protection measures, arranging various accessories and instruments electrical and safety devices at proper places. Such a factory requires to be fully equipped with full-range of wood/metal working machines and tools, treating and testing equipment’s, high level of productivity and quality oriented team and much more facilities indeed. Body building is a labour-oriented work where all calibers of personnel’s and hardworking labourers are treated as assets. Classification of Truck Bodies Trucks are categorized on the basis of truck body construction like the following: 1. Flat platform 2. Drop side 3. Fixed side 4. Tipper body 5. Tanker body (1) Flat Platform A flat structure consists of a floor blade with edge members and beams which are used to mount the engine and suspension elements. A flatbed truck is made up of a chassis fitted with a platform body on which goods are carried. Cargo is secured on the deck with ropes or sheeting. Flat beds are flexible and can accommodate many different types of loads. (2) Drop Side Type Body This type of body follows the main structure of the flat platform body with an addition of timber sides and a tailboard, capable of being drop to assist in loading and unloading. • A drop side body is a flat platform with hinged sides and tailboard, held in the upright position by fastening to short vertical pillars that are generally removable. • The sides are normally made up by interlocking hollow plank sections. (3) Fixed Side Deck or Half Body The fixed neck type provides the lightest weight however but a sacrifice on the ability to detach and loading capacity from the front. For the ease of detaching and being faster in achieving this task the low deck has the hydraulic detachable trailers, but they compromise on the weight and length of deck. They are among the most common and versatile used trucks. The hydraulics of this type can be run from the truck auxiliary or pony motor in the neck of the trailer. (4) Tipper Body The prime requirement of any tipping body is that it shall be a rigid unit capable of withstanding the rough usage to which the type of body is subjected. • A tipper body is attached to a rigid cab chassis and is used to carry a wide range of bulk products, such as gravel, sand and grain. • It is hinged at the rear which allows the front of the truck bed to be raised and the contents set down behind / side the truck. (5) Tanker Body A commodity carried by tanker includes fuel, oils, milk, water, varnish, and edible oils etc. In the case of fuel transport, to ensure safe handling, internal baffle plates are used to cut down the surge of liquid. A tracker truck is a truck with a trailer that carries liquids. It can be the subject of special regulations if the cargo is classified as hazardous materials such as flammable liquids such as gasoline or diesel or corrosive materials such as acids and liquid fertilizers. (6) High Side Deck Body The high deck trucks have their trailer bed situated high above the trailer wheels, which provides a raised uniform platform for the cargo to carry. On the other hand the low deck trucks are those that have two level drops in their deck heights. One drop is immediately after the gooseneck and the other immediately before the rear wheels. The low deck trucks are also better known as the flatbed trailers. As compared to the high deck trucks this drop allows the low deck trucks to be extremely low. The high deck trucks are more conventional and are basically used for all types of load carriers. When there is no specific unconventional requirement, the high deck trucks prove to be regularly used. The high deck trucks were the first made trucks in the industry and from the learning’s and changing requirements of times the low deck trucks were born. (7) Low Side Deck Body As soon as the legal machinery started objecting to the loading capacity and volumes of carried equipment the need to have a low deck truck emerged. This led the manufacturers to design the low deck trucks wherein they could actually provide a lower deck in between the gooseneck and rear wheels to cater to transit of high equipment’s. This led to the manufacture of the low type. As stated earlier the high deck types are often used to carry the cargo and vehicular loads, on the other hand the low deck comes in various types for a wider range of tasks. Among the low types there is a fixed gooseneck that provides the longer length of deck and is lighter in weight as compared to others. They have low height than normal with the use of low profile tires. Fixed gooseneck types have drop ramps to help facilitate loading and unloading of equipment. The other type is known as mechanical gooseneck that has second largest length and weight among trucks. The Low deck trucks have been known to provide the specialty equipment moving as compared to the conventional high deck trucks which are the general movers and have restricted height moving capacities with them. Also with the help of combinations of gooseneck detachment it is extremely easy to unload and load heavy equipment’s on the low deck trucks quite a reason as to why the low decks are preferred means these days. The continuous increase in consumption of these perishable commodities has necessitated the growing demand of trucks for internal distribution of these commodities to different points connected by the vast road network. Transportation of these can be undertaken with by trucks. The bus and truck segment in India is poised for substantial growth. The sector is yet to reach its full potential and the current scenario in India’s automobile market offers it the chance to do so. According to industry estimates, with 15 lakh buses in private sector and 1.5 lakh buses in public sector, India has about 16.5 lakh buses. India’s passenger vehicles of around 29 million during 2015 are expected to grow to more than 48 million vehicles by 2020. Also, domestic sales of commercial vehicles are expected to grow at a CAGR of 11.6% from 0.6 million in 2015 to more than 2 million by 2026. With the increasing automobile demand, the country is also proportionately expected to witness a surge in sheet metal products used to manufacture these vehicles. The Indian trucking industry is currently valued at $130 Bn and there are approximately 5.6 Mn on road vehicles transporting 80% of the country’s freight. But is still cudgeling brains over petty issues like lack of drivers, information about new areas, return loads and on-time deliveries & availability of transporters. This is the present state of Indian trucking industry – highly unorganized and highly fragmented. The Indian truck industry is growing with time and the reason behind its success is the added advantages of the road transport over the rail transport. Trucks may also accept small quantities and can cover the rural and hill areas and that too in comparatively less time than the railways. Moreover, the growth of e-commerce companies and the demand for the goods movement across the country helped in the growth of truck industry. Growth rates vary widely around the globe. Growth is slowing down in large truck markets such as China and most of the Triad countries. On the contrary, India, the ASEAN countries, and Eastern Europe will account for most of the future growth. Central America is showing dynamic growth as well. More than 70% of incremental sales in 2024 will be generated outside the Triad markets. But the solidity of the Triad markets will stabilize the total global truck market in the decade to come. The automotive sector has emerged as one of the major beneficiaries of technological advancement in sensors, and is increasingly adopting different sensor types to upgrade the existing models from the viewpoint of safety and enhanced functionality. The global automotive industry has been experiencing a period of rapid growth and profitability in the past years, opening a wide array of opportunities for modernized technological innovations. The automotive industry in India has been on a growth trajectory with impressive spikes in sales, production, and exports over the last two years. With an average production of around 24 million vehicles annually and employer of over 29 million people (direct and indirect employment), the automotive sector in India is one of the largest in the world. India is the largest tractor manufacturer, 2nd largest two wheeler manufacturer, 2nd largest bus manufacturer, 5th largest heavy truck manufacturer, 6th largest car manufacturer and 8th largest commercial vehicle manufacturer. For every vehicle produced, direct and indirect employment opportunities are created with employment of 13 persons for each truck, 6 persons for each car and 4 for each three wheeler and one person for two-wheelers. The USD 93 billion automotive industry contributes 7.1% to India’s GDP and almost 49% to the nation’s manufacturing GDP (FY 2015-16). Tags Truck Body Building, Truck Body Building Cost, Chassis Engineering & Bodybuilding, Becoming a Vehicle Body Builder, Truck Body Building Industry, How to Become a Vehicle Body Builder, Commercial Body Building, Automobile Body Building, Truck Body Building Business, Vehicle Body Building, Truck Body Building Project Report, Project Report on Bus & Truck Body-Building, Truck Manufacturing Process, Body Building Project, Truck Industry, Vehicle Manufacturing, Commercial Vehicle Industry, Truck Production, How to Start a Trucking Company, Truck Manufacturing Plant, Project Report on Truck Manufacturing Industry, Detailed Project Report on Truck Body Building, Project Report on Truck Body Building, Pre-Investment Feasibility Study on Truck Body Building, Techno-Economic feasibility study on Truck Body Building, Feasibility report on Truck Body Building, Free Project Profile on Truck Body Building, Project profile on Truck Body Building, Download free project profile on Truck Body Building
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Palm Oil Production and Processing Industry

Palm Oil Production and Processing Industry. Profitable Edible Oil Manufacturing Business Palm oil is an edible vegetable oil high in saturated fats and free of Tran’s fats. Palm oil is made from the fruits of trees called African oil palms. It is a type of vegetable oil, like sunflower or rapeseed oil. Oil palm flourishes in the humid tropics and produces high yield when grown 10 degrees north and south of the equator. The trees originally came from west and South-West Africa. They grow naturally in tropical rainforest areas, but they also are being planted and farmed especially to produce more palm oil. Palm oil is the most widely-used vegetable oil in the world. Palm fruit oil, generally known as palm oil, is produced from the pulp of the fruit of the oil palm tree (Elaeis Guineensis). This tropical fruit is reddish in colour because of a high beta-carotene content. The fruit is about the size of a large olive. The fruit has a single seed or kernel, which is used to produce palm kernel oil. Each palm fruit contains about 30-35 per cent oil. Palm fruit oil and palm kernel oil differ significantly in their fatty acid composition, but have the same botanical origin. Palm oil is the second most widely produced edible oil. Each year, Australia imports approximately 130,000 tons of palm oil. Palm oil and its derivatives are found in around 50 percent of all packaged foods on Australian shelves. It has a longer shelf life than other vegetable oils making it more appealing for food production. Palm oil is found in many food products including biscuits, chips, crackers and batters. It is also found in toothpaste, soap, shampoo and cosmetics. Palm oil plantations are the main driver for deforestation in Indonesia and Malaysia. These two regions account for 85 percent of global production of palm oil. Uses of Palm Oil: • Palm Oil is used in around 50% of products consumers purchase and use on a daily basis. Palm Oil and derivatives otherwise known as fractions of the oil are used in the manufacture of prepackaged food, cosmetics, cleaning products, hair care, soaps and personal care items. Palm Wax is used in the manufacture of candles. • Palm Oil is also used to manufacture bio fuel. Palm is also used as feed for livestock named as palm kernel cake (PKC) which is a by-product of palm kernel oil. PKC is considered a medium grade protein feed used to fatten cattle and other livestock. • Palm oil is used for cooking and is also added to many ready-to-eat foods in your grocery store. • Its taste is considered savory and earthy. • Some people describe its flavor as being similar to carrot or pumpkin. • This oil is a staple in West African and tropical cuisines, and it's especially well-suited for curries and other spicy dishes. • It is often used for sautéing or frying because it has a high smoke point of 450°F (232°C) and remains stable under high heat (2). • Palm oil is sometimes added to peanut butter and other nut butters as a stabilizer to prevent the oil from separating and settling at the top of the jar. In addition to nut butters, palm oil can be found in several other foods, including: • Cereals • Baked goods like bread, cookies and muffins • Protein bars and diet bars • Chocolate • Coffee creamers • Margarine Palm oil is a very productive crop. It offers a far greater yield at a lower cost of production than other vegetable oils. Global production of and demand for palm oil is increasing rapidly. Plantations are spreading across Asia, Africa and Latin America. But such expansion comes at the expense of tropical forests—which form critical habitats for many endangered species and a lifeline for some human communities. In addition to use as a cooking medium in households, institutions and processed food industry, palm oil has non-food industrial applications too. The oil is used in soaps, detergents, surfactants, cosmetics and many others. Market Outlook Palm oil market size in India was valued at USD 5.16 billion in 2015. Increasing demand for edible oils owing to the burgeoning population and improving economic conditions is anticipated to remain the key growth driving factor over the forecast period. The industry in India presents massive potential for growth since the government has allowed 100% FDI in plantation and has also pledged huge financial aid to farmers in upcoming years. This development is likely to encourage domestic cultivation landscape and generate greater profit margins and opportunities for companies. Palm oil is the most consumed edible oil by volume in India, with a share of ~40%, followed distantly by soybean and mustard oils. However, domestic production of palm oil is limited, and over 95% of the requirement is imported, mostly from the world’s top two producers – Indonesia and Malaysia. Consequently, palm oil imports constitute over 60% of the edible oil imports basket today. In recent years palm oil based biodiesel has entered the European market. While biofuel has been promoted as an effective means of reducing emissions, establishing palm oil plantations increases greenhouse emissions. Demand for SPO for non-food industrial application will surely depend on many factors including whether the end product is sustainably produced. An extract of the Palm tree fruit, palm oil is one of the major edible oils consumed globally. Its low competitive price is one of the key factors influencing the consumption pattern. India, Indonesia and China are the major consumers of palm oil. Increasing demand from the emerging economies is going to be the major contributor to the palm oil industry in the future. In terms of application, although Food sector comprises of 80% of the market share, non-food areas are becoming increasingly important. The trend away from petroleum-based products has meant growing demands for palm oil in usage in Soaps, Detergents, Surfactants, Cosmetics, Pharmaceuticals, Nutraceuticals and other similar products. Biofuels are also driving the growing demand for palm oil. The global palm oil market size was estimated at USD 57.56 billion in 2014. Several government initiatives concerning blending of conventional fuel with that of bio-based, as well as rapidly growing usage of products as bio-based diesel have been gaining global acceptance over recent years. Consumers globally are aware of bio-based cosmetics, lubricants, and surfactants, which has also prompted the market. The global market for Palm Oil is projected to exceed 85 million metric tons by 2024, driven by ubiquitous applications in a broad range of everyday products and the resulting growing demand for certified sustainable palm oil. Palm oil is cost-effective and low in trans-fats, due to which its demand is high in the global market. However, the expansion of palm tree plantations is usually carried out at the expense of tropical forests, particularly in countries such as Malaysia. Rising environmental concerns thus pose a tough challenge in front of enterprises operating in the global palm oil market. The global palm oil market is expected to grow with rising global population, increasing biofuels production, increasing fresh fruits bunches yields, accelerating economic growth and growing application in various markets. Key trends of this market includes rising demand for red palm oil, increasing sustainable palm oil production and growing shift towards palm crop transplanting. However, there are some factors which can hinder growth of the market including consumption of soybean oil in developing countries, stringent regulations, weather uncertainties and retail consolidations. Palm oil is applicable as a cooking oil, bio-diesel, lubricants, cosmetics, and others, which is driving the growth of the market. Increasing demand for vegetable oil is a major factor driving the growth of the market. Moreover, in the biofuels market, it is used as the feedstock for the production of biodiesel and as an alternative to mineral oils for use in power stations which is boosting the growth of the palm oil market. The global palm oil market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific is dominating the market and is witnessed to have a substantial growth over the forecast period with increasing consumption of palm oil in different industries. Indonesia and Malaysia are the major producers and exporters of palm fruit which are majorly contributing to the growth of palm oil market in Asia Pacific. Tags Palm Oil, Palm Oil Industry, Palm Oil Uses, Palm Oil Production, Palm Oil Processing, Production of Palm Oil, Palm Oil Production Process, Sustainable Palm Oil Production, Production of Palm Oil from Fruit, Palm Oil Processing and Production Business, Palm Oil: Production, Processing, Characterization, and Uses, Palm Oil Extraction and Refining, Large Scale Production of Palm Oil, Report on Palm Oil Production, Palm Oil Plantation, Oil Palm Cultivation (Palm Oil), How Is Palm Oil Made, Growing Oil Palm, Process of Making Palm Oil, Palm Oil Refining Process, How to Extract Palm Oil from Palm Fruit, Vegetable Oil Production, Palm Oil Production Process Flow Chart, Palm Oil Processing Pdf, Palm Oil Extraction Process, Process Flow Diagram for Palm Oil Production, Palm Oil Processing Business Plan, Starting a Palm Oil Processing Company, Palm Oil Production Business Plan, Palm Oil Processing Plant, Business Plan on Palm Oil Production, How to Start a Palm Oil Processing Plant, Palm Oil Business, Small-Scale Palm Oil Processing Business, Palm Oil Production Business in India, Palm Oil Production / Processing Mill, How to Start a Lucrative Palm Oil Business, Palm Oil Processing Production Plant, Palm Oil Processing Industry, Indian Palm Oil Industry, Project Report on Palm Oil Processing Industry, Detailed Project Report on Palm Oil Processing Plant, Project Report on Palm Oil Production, Pre-Investment Feasibility Study on Palm Oil Production, Techno-Economic feasibility study on Palm Oil Production, Feasibility report on Palm Oil Production, Free Project Profile on Palm Oil Processing Plant, Project profile on Palm Oil Processing Business, Download free project profile on Palm Oil Production
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Wood Chips

Woodchips are small to medium sized pieces of wood formed by cutting or chipping larger pieces of wood such as trees, branches, logging residues, stumps, roots, and wood waste. Woodchips may be used as a biomass solid fuel and are raw material for producing wood pulp. They may also be used as an organic mulch in gardening, landscaping, and restoration ecology, bioreactors for Denitrification and as a substrate for mushroom cultivation. Wood chip, mainly used to produce paper and other products traditionally, has also been used to produce biofuel. The global demand for wood chip is increasing as policies promote the use of biomass for renewable energy. The USA has been a major exporter of wood chip worldwide. Meanwhile, European Union (EU) demand for wood chip is expected to increase rapidly in response to its renewable energy policy. Wood chips are typically used in fluidized-bed installations, technically also in combination i.e. Co-combustion with coal. Such facilities are present all around the world. Outside Europe, the three main destinations for international wood chip trade include: Japan, Turkey, and China.
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