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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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Exercise Note Book

Exercise books are widely known & vastly used as day-to-day products. Notebooks are available in the market in various sizes, shapes & pages and having various types of covers paper bound, board and Rexene bound etc. Writing pads, exercise notebooks and ring books are made from paper sheet layers which are commonly ruled, stitched or glued and used for writing. They are composed of pages, often ruled, made out of paper, used for purposes including recording notes or writing, drawing and similar activities. The demand for notebooks is projected to reach 2,250 tons and 3,155 tons by the year 2017 and 2022. India exercise notebook market is expected to reach Rs. 334.6 billion by FY’2020. India exercise notebook market, segmentation on the basis of Use, Number of Pages, GSM, Recycled/Non-Recycled Papers, Retail/Institutional Sales, Size, Bindings, Cover Types, City Tiers, Rural/Urban Demand and Paper Types. India stationery market revenues are projected to grow at a CAGR of 10.5% during 2018-24. Thus, due to demand it is best to invest in this project. Few Indian major players are as under • Apeejay Oxford Bookstores Pvt. Ltd. • Apollo Publishers Ltd. • Aptonline Ltd. • Archies Ltd. • C B S Publishers & Distributors Pvt. Ltd. • Crossword Bookstores Ltd.
Plant capacity: Exercise Note Books (17x27 cm.): 10000 Pcs./DayPlant & machinery: Rs. 48 lakhs
Working capital: -T.C.I: Cost of Project: Rs86 lakhs
Return: 27.00%Break even: 67.00%
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Ready Mix Concrete

Ready mix concrete is a modern trend of introduction in the Asian Countries. It is already introduced long before in the European Countries. It is new concept of use concrete in the construction area. Ready mix concrete has advantages in the area where immediate requirement of concrete mixture like in the preparation of bridge overhead roads on or the road construction. The good quality concrete is a homogeneous mixture of water, cement, aggregates and other admixtures. India is the second largest producer of cement in the world after China. It is followed by Japan and the USA. Cement consumption is very closely linked to the performance of the construction industry; the growth of RMC in India has in the past been predominantly driven by demand from the metro cities. According to an ICRA analysis, in cities like Mumbai it is mandatory to use RMC in construction of flyovers. The world market for Ready-Mix Concrete is projected to reach $105.2 billion. The RMC market in India is estimated to be worth USD 78.7 billion by 2024.As a whole any entrepreneur can venture in this project without risk and earn profit. Few Indian major players are as under • A C C Ltd. • Ahlcon Ready Mix Concrete Pvt. Ltd. • Ambit Concrete Pvt. Ltd. • Dirk Pozzocrete (M P) Pvt. Ltd. • Nutech Engineering Technologies Ltd. • Particle Dynamics Pvt. Ltd.
Plant capacity: Ready Mix Concrete (M20): 240 Cu.Mt./DayPlant & machinery: Rs 48 lakhs
Working capital: -T.C.I: Cost of Project: Rs. 229lakhs
Return: 27.00%Break even: 73.00%
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Red Oxide Primer From Mill Scale

Red oxide primer is a specially formulated coating used as a base coat for ferrous metals. Red-oxide primer serves a similar purpose to interior wall primers in that it prepares metal for a topcoat, but it also gives iron and steel surfaces a layer of protection. A primer is composed of Red Oxide, solvents, resins, and various additives. The pigments give the primer color; solvents make it easier to apply; resins help it dry; and additives serve as everything from fillers to anti fungicidal agents. Indian paint market will grow with a CAGR of around 14% during 2015-16 to 2019-20. The Indian paint industry has been growing at an average 15% per annum over the last decade. Growth has been consistent with the Indian GDP growth rate and in some years the industry has grown at a rate of 1.5 to 2 times higher than that of GDP growth. This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under • Ashok Neel Mfrs. Pvt. Ltd. • Bajaj Superpack India Ltd. • Eskay Dye-Stuffs & Organic Chemicals Pvt. Ltd. • Futura Polyesters Ltd. • NirupSynchrome Ltd. • Omkar Industries Ltd.
Plant capacity: Red Oxide Primer (Each Packed in 20 Ltrs Container): 1000 Packs/Day Red Oxide Primer (Each Packed in 5 Ltrs Container): 4000 Packs/DayPlant & machinery: Rs. 412 lakhs
Working capital: -T.C.I: Cost of Project : Rs1247 lakhs
Return: 27.00%Break even: 59.00%
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IV Fluids (BFS Technology)

Intravenous fluids are fluids which are intended to be administered to a patient intravenously, directly through the circulatory system. These fluids must be sterile to protect patients from injury, and there are a number of different types available for use. Intravenous fluids can also be used as a route of medication administration. If a doctor wants to deliver a small amount of medication over an extended period of time, it can be dissolved in a bag of intravenous fluids and set on an infusion pump which delivers the medicated fluid directly into the blood. The Indian pharmaceutical industry is the fourth largest in the world in terms of volume of output and thirteenth in domestic demand. However, the Indian industry, valued at USD 17 bn in represented just over 1% of the global pharmaceutical industry (USD 1700 bn) in value terms. The domestic market is estimated at Rs 680 bn. Intravenous (IV) fluids market in India is around Rs. 3,000 crore growing at healthy rate of around 15-20 per cent a year due to its essential requirement in nature. Entrepreneurs who invest in this project will be successful. Few Indian major players are as under • Abaris Healthcare Pvt. Ltd. • AhlconParenterals (India) Ltd. • AxaParenterals Ltd. • Infutec Healthcare Ltd. • Kokad Pharmaceutical Laboratories Ltd. • Parenteral Surgicals Ltd.
Plant capacity: IV Fluids (500 ml Bottle): 49600 Pcs./DayPlant & machinery: Rs. 1954 lakhs
Working capital: -T.C.I: Cost of Project: Rs. 2756 lakhs
Return: 25.00%Break even: 52.00%
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LPG Bottling Plant

LPG cylinder filling plants vary considerably in size, complexity and layout. The type and size depends on such factors as maximum potential throughput requirements, size and type of cylinder filled and the number/grades of products handled. Liquified Petroleum Gas (LPG), popularly known as cooking gas, is a mixture of hydrocarbons which are gaseous at normal temperature, but can be liquified at moderate pressure, and can be stored in cylinders as a liquid under pressure, and is drawn out and used as gas. The average growth rate in demand has settled down to around 10% from a high of 18% during early 1990s. Apart from commercial and industrial establishments, 94 mn households use LPG. Projections from all three scenarios reveal that demand for LPG will reach a minimum of 5.9 million metric tons by the year 2022.Thus, due to demand it is best to invest in this project. Few Indian major players are as under • AdaniDhamra L P G Terminal Pvt. Ltd. • Aegis Gas (Lpg) Pvt. Ltd. • Aegis Logistics Ltd. • Alert Petrogas Ltd. • Asia Lpg Pvt. Ltd. • Balaji Pressure Vessels Pvt. Ltd.
Plant capacity: LPG Cylinders (5 Kgs Size): 1360 Cylinders/Day LPG Cylinders (14.2 Kgs Size): 1000Cylinders/Day LPG Cylinders (19 Kgs Size): 1000 Cylinders/DayPlant & machinery: Rs. 113 lakhs
Working capital: -T.C.I: Cost of Project Rs. 984lakhs
Return: 27.00%Break even: 35.00%
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Cashew Nut Processing Unit

The cashew nut is a popular dessert nut, eaten out of hand, with other mixed nuts and used in baking and confections. Sixty percent of cashews are consumed as salted nuts. The cashew apple is generally processed and consumed locally. The raw cashew nut is the main commercial product of the cashew tree, though yields of the cashew apple are eight to ten times the weight of the raw nuts. ? India is the third largest consumer of cashew nuts in the world & India stands first in Cashew Nut Processing. India processes around 1.59 million tons of cashew nuts every year though it produces only around half of the quantity that it processes. India’s cashew industry might have to increase domestic production to over 2 million tonnes by the year 2025, it is expected to achieve a target of 2.14 MT of raw cashew nut production in India, against the estimated demand of 2.19 MT by the year 2025. Which facilitates the development of new technologies and ensure a high quality product. Few Indian major players are as under • Ames Foods Processors India Pvt. Ltd. • Ashoka Estate Developers Pvt. Ltd. • Chandra Cashew Imports & Exports Pvt. Ltd. • Goa Forest Development Corpn. Ltd. • Kerala State Cashew Devp. Corpn. Ltd. • Padmavathi Cashews & Coffee Ltd.
Plant capacity: Cashew Nut Processing Unit: 20 MT/Day Plant & machinery: Rs. 155 lakhs
Working capital: -T.C.I: Cost of Project: Rs. 750 lakhs
Return: 31.00%Break even: 62.00%
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Disposable Plastic Syringes

Disposable Syringes are made of plastic material and are used in the field of medical and veterinary science. Due to their availability in sterilized condition, ready to use, and cost effectiveness, disposable syringes are fast replacing the age-old glass syringes. Disposable Syringes are being used by doctors to inject medicines through intravenous or intramuscular ways for the treatment of diseases & also by research & development personnel. The effective result of the above factors of influence on the market – along with a few others – for disposable syringes is expected to translate to a CAGR of 5.6% from 2015 to 2023.India is witnessing a rapid growth across all segments and categories of medical products. India exported US$ 35.22 million worth of syringes and the overall exported quantity was 719.48 million units. Thus, due to demand it is best to invest in this project. Few Indian major players are as under • Albert David Ltd. • Disposable Medi-Aids Ltd. • Hindustan Syringes & Medical Devices Ltd. • Lifeline Injects Ltd. • Lifelong Meditech Ltd. • Oyster Medisafe Pvt. Ltd.
Plant capacity: Disposable Plastic Syringes: 460 Boxes/DayPlant & machinery: Rs. 115 lakhs
Working capital: -T.C.I: Cost of Project: Rs. 289 lakhs
Return: 18.00%Break even: 67.00%
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Essential Oils Extraction and Manufacturing Industry

Essential Oils Extraction and Manufacturing Industry. Jasmine and Tuberose Oil Extraction Business. Essential Oils from Flower Crops An essential oil is a natural product extracted from a single plant species. Not all plants produce essential oils, and in the plants that do, the essential oil may be found in the roots, stems, leaves, flowers, or fruits. Essential oils, also called volatile odoriferous oil, are aromatic oily liquids extracted from different parts of plants, for example, leaves, peels, barks, flowers, buds, seeds, and so on. They can be extracted from plant materials by several methods, steam distillation, expression, and so on. Among all methods, for example, steam distillation method has been widely used, especially for commercial scale production. Essential oils have been widely used as food flavors. Essential oils have been known to possess antioxidant and antimicrobial activities, thereby serving as natural additives in foods and food products. Jasmine Essential Oil Jasmine essential oil, or technically Jasmine Absolute (Jasminum officinale) is a pricey and rarer oil to find. It has a sweet aroma (almost sickly sweet to some noses), very floral and stronger than the flowering plant itself. Jasmine oil is extracted from the flowers of Jasmine. Its scientific names are Jasminum Grandiflora (Royal Jasmine) and Jasminum Officinale (Common Jasmine). It is one of the most powerful, soothing, exotic and pleasant oils available. It is widely accepted for its ability to treat depressed people. This oil is also known to ease childbirth and has been used for many years now. Jasmine oil is also appreciated for its blending properties with other oils. Although expensive, this oil is preferred by many people around the world. The benefits and effects it has on the skin are innumerable. It is extremely effective in healing wound scars and stretch marks besides helping in treating dry skin. Tuberose Oil Tuberose oil is extracted from Polianthes tuberosa of the Agavaceae family and is also known as tuberosa and tubereuse. Polianthes tuberosa, is commonly known as Rajanigandha in India due to its night blooming fragrant flowers. It is small bulbous herb reaching upto height of 2-3 feets. It bears aromatic flowers and generally grown for oranmental purpose. The waxy, white and fragrant flowers on long spikes are mostly used as cut flowers for making garlands and extracting essential oil. There are also few medicinal uses of Polianthes tuberosa. Flowers are used in perfume industry and also diuretic and emetic activity. Bulbs are used as antigonorrhoea, diuretic, emetic and for curing rashes in infant. Market Outlook The essential oil is used across various industries such as agriculture, food and beverage industry, fragrance, cosmetics, pharmaceuticals, and retail. Its benefits range from good sleep, stress relief, pain relief, weight loss, body detoxification, mental alertness and stretch marks healing. Essential Oil Market is expected to reach $11.188 million by 2022, with a CAGR of 8.7% from 2016 to 2022. Essential oils, also known as volatile oils/aetherolea/ethereal oils, are derived from leaves, stems, flowers, bark, roots, or other parts of a plant. Essential oil is obtained from various herbs and plants, such as orange, eucalyptus, corn mint, peppermint, citronella, lemon, lime clover leaf, and spearmint, using distillation methods such as steam and water distillation. An essential oil contains volatile aroma compounds and real essence of the plant from which it is derived. Essential oils are primarily used in cosmetics & toiletries, food items and beverages. Rising consumer income across developing nations coupled with high demand for premium cuisine is expected to contribute to the segment growth. Orange, lemon, spearmint, anise, asafetida, basil, citronella, coriander, rosemary, and others are increasingly being used to extract oils and improve flavor in food & beverages instead of adding whole herbs and spices. Rising demand for attractive color and taste in local dishes is further fueling to market growth. On the basis of application, the essential oils market is led by the food & beverage application segment. Highly nutritive contents and numerous health benefits associated with the consumption of essential oils are the key factors driving the use of essential oils in food & beverage industry during the forecast period. Furthermore, an increase in demand for energy and health drinks is witnessed in the recent years, which have led to increased use of essential oils in beverages. Also, the number of recreational and lifestyle users has constantly increased in the recent years, which will increase the demand for essential oils in spa & relaxation and aromatherapy industries. The major factor boosting the market growth is the increasing consumer preference for natural and organic products be it cosmetics, food or similar other product categories. This in turn, has led the manufacturers operating in such industries to develop products that contain natural additives. Thus, the growing usage of essential oils among the aforementioned industries, coupled with factors which include increasing disposable income and improved standards of living in emerging economies, supplement the market growth. The factors restricting the market growth are high price of essential oils, availability of synthetic substitutes, and limited availability of raw materials. Government support and favorable regulations are likely to offer lucrative opportunities for market growth. Essential oils are volatile liquid substances extracted from aromatic plant material by different types of extraction methods. They have potent antioxidant and anti-microbial properties and can be used to treat depression and stress-related diseases. Different types of essential oils used in aromatherapy include tea tree oil, jasmine oil, rosemary oil, and lavender oil. These oils are used in massage therapies, acupuncture, and topical care. Changing lifestyles and their consequences, such as high stress and depression, along with increasing disposable incomes, result in an increase in demand for aromatherapy. The global essential oil market is observing a significant expansion in its size, thanks to the increasing usage of essential oil in aromatherapy. The augmenting demand for flavored food and beverages products among consumers is also boosting this market substantially. With the rising development of innovative beauty and personal care products, fueled by the increasing preference for natural products, the usage of essential oil for the creation of new fragrances is surging, leading to an expected upswing in this market over the next few years. Tags Essential Oil Extraction, How are Essential Oils Extracted? 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Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Business Opportunities in Tourism and Hospitality Sector

Business Opportunities in Tourism and Hospitality Sector. Setting Up a 5 Star Hotel. Rising Opportunities in India's Hospitality Industry Hotels industry is one of the major sectors fueling the growth of hospitality sector at the global level. Booming travel and tourism industry is one of the major factors fueling the demand in the hotels industry The various types of hotels in the world are typically classified as 5 star, 4 star, 3 star, 2 star, and 1 Star, among others. India’s tourism sector is growing, bringing with it an increased demand for hotels that cater to holidaymakers. And hotel groups are seizing the opportunity, expanding across some of the country’s biggest cities. The Indian tourism and hospitality industry has emerged as one of the key drivers of growth among the services sector in India. Tourism in India has significant potential considering the rich cultural and historical heritage, variety in ecology, terrains and places of natural beauty spread across the country. Tourism is also a potentially large employment generator besides being a significant source of foreign exchange for the country. Market Size India is the most digitally-advanced traveller nation in terms of digital tools being used for planning, booking and experiencing a journey, India’s rising middle class and increasing disposable incomes has continued to support the growth of domestic and outbound tourism. The travel & tourism sector in India accounted for 8 per cent of the total employment opportunities generated in the country in 2017, providing employment to around 41.6 million people during the same year. The number is expected to rise by 2 per cent annum to 52.3 million jobs by 2028. The Indian hospitality industry has emerged as one of the key industries driving the growth of the services sector and, thereby, the Indian economy. The tourism & hospitality sector’s direct contribution to GDP in 2016 was US$ 47 billion. Also, tourism in India accounts for 7.5% of the GDP & is the 3rd largest foreign exchange earner for the country. 3 Star hotels held the largest market share in the hotels market globally and is expected to remain the market leader throughout the forecast period. However, the unrated segment is expected to be the fastest growing market. Increasing demand in the budget hotels segment is one of the major factors fueling the demand in the unrated segment. Apart from this, 5 Star segment is also having huge growth potential in the hotels market. Increasing number of business travelers and demand for luxurious lifestyle are the major factors boosting the demand in this segment. North America is the largest as well as the fastest growing market for hotels globally. The U.S. held the largest market share in North America hotels market. The U.S. has largest number of budget hotels globally. Moreover, booming travel and tourism industry is also expected to have positive impact on the hotels market. In addition, the major players offering segmented offerings is also driving the hotels market in the U.S. India, China, Singapore and South Korea among others are some of the major markets for hotels in Asia Pacific. Singapore with increasing number of business travelers is the fastest growing market in the Asia Pacific region. The 4 Star segment held the largest market share in Singapore hotels market. In addition, Brazil, Saudi Arabia and UAE are some of the major markets fueling the demand for hotels in rest of the world. Hotel business in India is a lucrative business option, as in India tourists inflows are increasing day by day due to the prime attractions here and diverse culture. Hence, hotel business can be one of the profitable businesses to start. Hospitality Industry Hospitality is the world’s largest service industry, employing millions of people working in hotels, restaurants, cruise lines, resorts, private clubs, casinos, and bed-and-breakfasts throughout the world. The hospitality industry covers a wide range of organizations offering food service and accommodation. The industry is divided into sectors according to the skill-sets required for the work involved. Sectors include accommodation, food and beverage, meeting and events, gaming, entertainment and recreation, tourism services, and visitor information. There is a huge tourism potential in the country and as a result hospitality industry will continue to grow at a substantially higher rate. India is projected to be the fastest-growing nation in the wellness tourism sector in the next five years and infrastructure development is an inevitable factor in order to support this growth. The Indian hospitality industry has experienced prominent growth in recent years due to various factors, including the rising purchasing power of domestic travellers, an increase in commercial development and foreign tourist arrivals, a growing airline industry and government-led initiatives aiming to stimulate the sector. There is a great deal of scope to expand tourism across India, and as the country improves air travel connections and relaxes visa restrictions, tourist arrivals should increase. The growth in the hospitality sector and its contributions to the GDP will continue to be substantially higher than other sectors of the economy on the back of huge tourism potential in the country. Hospitality industry in India has generated tremendous employment opportunities and is a big source of foreign exchange for India. As per the planning commission the hospitality sector is responsible for more jobs per million rupee of investment than any other sector. This sector provided varieties of jobs which satisfies unskilled people to specialized one. The Future of Hospitality The Indian economy is opening up its horizons as it continues to integrate with the world economy. Therefore, the advantages of conducting business with and in India are many. This has led to the manoeuvring of variety of jobs to the shores of India, bringing in its wake transit travellers, business travellers, business meets and holiday seekers. India is the ninth largest civil aviation market in the world in 2014. The sector is projected to be the third largest aviation market globally by 2020. India’s aviation market caters to 117 million domestic and 43 million international passengers in 2014. Over the next decade the market could reach 337 million domestic and 84 million international passengers. Tags How to Start Your Own Hotel, Hospitality Sector Projects, How to Start a Hotel, How do I Start a Hotel Business? How to Start Hotel Business in India, 5 Star Hotel, Good Opportunities in India for Entrepreneurs, Want to Start Hospitality Industry in India? Start Hotel, Start a Tourism Business, How to Start Your own Hotel Business?, Setting Up a Hotel, Cost of Starting Hotel in India, Indian Hotels Industry, Tourism and Hospitality Sector Projects, Free Sample Hotel Business Plan, Hotel Business Plan, Hospitality Industry, Hospitality Business, Starting Your Own Business in Hospitality Sector, New project profile on 5 Start Hotel, Project Report on 5 Start Hotel, Detailed Project Report on 5 Start Hotel, Project Report on Tourism and Hospitality Sector, Pre-Investment Feasibility Study on Hotels & Hospitality Industry, Techno-Economic feasibility study on Tourism and Hospitality Sector, Feasibility report on 5 Start Hotel, Free Project Profile on Hotels & Hospitality Industry, Project profile on Hotels & Hospitality Industry, Five Star Hotel Business, Hospitality Projects, Hotel and Hospitality Projects, How to Start Hospitality Business, Start Your own Business as a Hospitality Industry, Starting Hospitality Business, Start Up Hospitality Business, Tourism and Hospitality Business Ideas to Start, How to Start Hospitality Business in India, Business Ideas in Hospitality Industry, Hospitality Industry in India, How to Start a Business in Hospitality Industry, Hospitality Business Ideas, Hospitality Startup Ideas, Opportunities in Tourism and Hospitality Sector, Hotels & Hospitality Industry in India, Investment in Hotel Industry, Hotel Industry and Hospitality Business, Hotel project ideas, Projects on Small Scale Industries, Small scale industries projects ideas, Tourism and Hospitality Sector Based Small Scale Industries Projects, Project profile on small scale industries, How to Start Hotel Industry in India, How to Start a 5 Start Hotel, 5 Star Hotel Business Plan, How to Start a Hotel Business or Hotel Startup in India
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Return: 1.00%Break even: N/A
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Puffed Rice (Muri) Manufacturing Business

Puffed Rice (Muri) Manufacturing Business. Production of Puffed Food (Kurmura, Murmura, Muri). Rice Processing and Value Added Products Muri is to rice as popcorn is to corn. A traditional puffed rice called muri (sometimes spelled mouri) is made by heating rice in a sand-filled oven. Puffed rice also known as kurmura, murmura, muri in Hindi are very lightweight and crisp. As the same suggest puffed rice are made from rice, where the rice grains are expanded because of high-pressure heating. Rice grains are slow roasted with sand in huge iron kadai (wok) with lot of patience keeping the heat very slow so that the rice grains do not burn. Puffed rice has greater volume than regular rice but is less in calories which means that given equal sized servings puffed rice will have fewer calories than rice. Puffed rice is used to make bhelpuri and snacks and for other needs. Market Outlook The most common sight today would be Bhel puri - is a savoury snack originating from the Indian subcontinent, and is also a type of chaat. It is made of puffed rice, vegetables and a tangy tamarind sauce. Puffed rice is a popular low cost breakfast cereal and snack used worldwide because of its ready to eat (RTE), lighter and crispness characteristics. India produces annually 89 million tonnes of rice (second largest producer of rice in the world), but, only 10 percent of it is converted to different value added products such as puffed rice, popped rice or flaked rice. Puffed rice has got a highest demand both in national and international market. Quality factors such as uniform puffing, contamination free, good colour, crispness etc. are the major concern for export of puffed rice. However, the production of puffed rice in India is only limited to village levels. The puffing method traditionally followed in India is sand-roasting. The whole process of puffing is very tedious, time consuming and involves a large amount of skilled labour working in hot conditions. The Puffed Rice Market to grow at a substantial Compound Annual Growth Rate during the forecast period 2017-2022. With the increase in demand for muri, farmers are growing more rice to meet the demands. Puffing of food is done by using high temperature, pressure, or extrusion. In puffing process expansion of seed is carried out and at that period the vapor pressure escapes through the micropores of the grain structure due to high pressure or thermal gradient. There are different methods of puffing viz. dry heat, sand and salt treated, hot air popping, gun puffing, popping in hot oil, and microwave heating. A wide range of cereals and millets used for puffing such as rice, wheat, corn, sorghum, and ragi. Puffed food Puffed food has a primary role in human consumption. Consumer demand is increasing for puffed foods due to various health benefits such as weight loss. Therefore increasing the market share of puffed food market. Increasing demand for flavor food products is expected to increase the puffed food market over the forecast period. The growing puffed market attributed to the shift in consumer demand for various flavors and nutritious food. Increasing demand for healthy snack food in breakfast is fuelling the market for puffed food. The shift is now leading to growing demand for nutritious street food. Thus puffed food are expected to see higher market share related to its various health benefits. Puffed food market is also growing due to its innovations in packaging. Puffed food segmented by category type, application and region. By category, puffing comes in wheat, rice, corn, sorghum, and ragi. Puffed wheat is prepared by heating wheat grains under pressure and then rapidly releasing pressure when the superheated steam in the grain expands grain is puffed. It is a good source of copper, protein, and iron. Puffed rice used in breakfast cereal or snack foods served as popular street food. It is made by heating rice kernels under high pressure in the presence of steam. Puffed food is segmented by applications as Bakery Industry and Snacks Industry. In bakery it uses in in making puffed backed pancake, puffed baked potato and others. Puffed food market is further segmented by region such as Latin America, North America, Europe, Middle East and Africa, and Asia Pacific. Latin America and North America possess significant potential, whereas Europe and other developing markets such as Asia-Pacific and MEA possess the growth opportunities for quinoa over the forecast period. There is a high consumption of puffed food in Asia-Pacific regions like India and China as growing young population prefers street food and snacks like cheese doodles. Tags Puffed Rice, Puffed Rice Making, Manufacturing of Puffed Rice, Puffed Rice Also Known as Kurmura, Murmura, Muri, Making of Murmura, Project Profile on Murmura Manufacturing Unit, Producing Muri (Puffed Rice), Muri Rice, Puffed Rice Manufacturing, Puffed-Rice (Muri) Making, Puffed Rice Manufacture, Production of Puffed Rice, Puffed Rice Making Plant, Muri Making Business, How to Make Puffed Rice, Puffed Rice Processing, Puffed Rice (Muri), Puffed Rice (Muri) Production, Puffed Rice or Murmure Manufacturing Business, Rice Puff Making Business, Puffed Rice Making Business, Puffed Rice Manufacture, Puff Rice Manufacturing Business, Puffed Rice & Murmura Plant, Murmura Manufacturing Unit, Murmura Manufacturing Process, Murmura Factory, Puffed Rice Plant (Murmura Plant), Murmura Manufacturing Plant, Murmura Making Process, Puffed Rice Mill Project Report, Puffed Rice (Murmura) Production, Project Report on Murmura Manufacturing Industry, Detailed Project Report on Puffed Rice Processing Business, Project Report on Puff Rice Manufacturing, Pre-Investment Feasibility Study on Puffed-Rice (Muri) Production, Techno-Economic feasibility study on Puffed-Rice (Muri) Making Business, Feasibility report on Puff Rice Manufacturing, Free Project Profile on Murmura Manufacturing, Project profile on Murmura Manufacturing, Download free project profile on Puffed-Rice (Muri) Production, Most Profitable Food Processing Business Ideas, Food Processing Industry, Profitable Food Processing Business in India, Starting a Food Processing Business, Small scale food processing industry, How to Start Manufacturing Processing Business, Starting Business in Food Processing Industry, Food Manufacturing Industry, Project Report on food processing & agro based, Food and Beverage Industry Projects, Indian Processed Food Industry, How to Start a Food Production Business, Food Processing Projects, Food Processing & Agro Based Profitable Projects, Most Profitable Food Processing Business Ideas, Food Processing Industry in India, How to Start Food Processing Industry in India, Cereals Food, Rice Based Products, Value-Added Processing of Rice, Rice Processing, Rice Processing and Value Addition in India, Value-added processing of rice, Rice Production and Processing, processed products from rice, By-products of Rice Processing, Processed Food Products from Rice, Rice Processing Plant, Rice Processing Business
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Return: 1.00%Break even: N/A
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