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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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Manufacturing Industry of Collagen Powder

Collagen is the most abundant protein in human bodies, accounting for around one-third of all protein. It's found in bones, skin, muscles, tendons, and ligaments, among other places. Collagen is found in a variety of biological structures, including blood vessels, corneas, and teeth. It functions as the "glue" that holds everything together. The word "kolla" comes from the Greek word "kolla," which literally means "glue." Collagen is a fibrous protein that is found in the majority of connective tissue in animals, including tendons, cartilage, bones, teeth, skin, and blood vessels. Collagen is a high-value substance generated from waste source materials like unused mammalian skins. It is usually used as a structural protein to provide biological structures strength, although it has a variety of activities depending on where it is located in the body. These days, collagen supplements come in a variety of formats. They may be given in tablet or powder form, depending on the preferences of the customer. Collagen can be derived from a number of different sources. It comprises both animal-derived and vegetarian collagen (animal parts, fish scales, bones, skin, and so on) (produced from genetically engineered yeast and bacteria). Collagen powder has a variety of uses and benefits, including the following: - Brain and Memory Support - Marine collagen has been discovered to include around 20 amino acid peptides, as well as many minerals, that aid in brain and memory support. Arginine, glycine, methionine, threonine, tyrosine, and tryptophan are amino acids that help improve human neurological processes. - Antioxidant Function - Antioxidants included in marine collagen help to reduce inflammation. - Regeneration and Tissue Engineering - Salmon skin collagen works as a scaffold for bone regeneration when combined with hydroxyapatite. Collagen supplements are dietary supplements used to supplement a collagen-deficient diet. They're mostly comprised of bones and skin from animals and fish. Pills, candy, powder, and liquids are just a few of the various options. Collagen supplements are available all around the world and do not require a prescription from a doctor. Collagen supplements are popular among bodybuilders and regular exercisers since they help to maintain skin and bone health. The market is expected to be valued USD 8.67 billion in 2021. The global collagen market is expected to develop at a compound annual growth rate of 9.0 percent from 2020 to 2028, reaching USD 16.7 billion. A multitude of health and beauty benefits associated to collagen supplement use have fueled the growth of the collagen supplement industry. Collagen supplements, for example, promote skin health by reducing dryness and wrinkles. It also aids in muscular development, bone health, and joint pain relief. Few Indian Major Players 1. Baxter Pharmaceuticals India Pvt. Ltd. 2. Fresenius Kabi India Pvt. Ltd. 3. Medtronic Engineering & Innovation Center Pvt. Ltd. 4. Poly Medicure Ltd.
Plant capacity: Collagen Powder 500 Kg. Per DayPlant & machinery: Rs. 1178 Lakhs
Working capital: -T.C.I: Cost of Project: Rs. 1935 Lakhs
Return: 28.00%Break even: 53.00%
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Business Plan for Starting Animal Feed Production (Cattle, Poultry Broiler, Pig & Fish Feed). Rising Demand of Livestock Feed Business.

Animal feed is food given to domestic animals, especially livestock, in the course of animal husbandry. There are two basic types: fodder and forage. Used alone, the word feed more often refers to fodder. Animal feed is an important input to animal agriculture, and is frequently the main cost of the raising animals. Farms typically try to reduce cost for this food, by growing their own, grazing animals, or supplementing expensive feeds with substitutes, such as food waste like spent grain from beer brewing. Animals in general require the same nutrients as humans. Some feeds, such as pasture grasses, hay and silage crops, and certain cereal grains, are grown specifically for animals. Other feeds, such as sugar beet pulp, brewers’ grains, and pineapple bran, are by-products that remain after a food crop has been processed for human use. Surplus food crops, such as wheat, other cereals, fruits, vegetables, and roots, may also be fed to animals. Feeding livestock is an important part of modern agricultural production. In addition to providing a supply of high-quality protein for human consumption, livestock provide services in reducing erosion and soil compaction caused by overgrazing and in nutrient cycling. However, crop yields are much lower when nutrients from manure are recycled through crops because crops also use nitrogen from soil organic matter that has accumulated due to recycling. This means that fields must be fertilized with mineral fertilizer which loses its efficacy after several years. Because of these concerns about mineral fertilizer overuse, it may be more efficient to produce livestock products than plant products for human consumption. In general though animal feed will consist of four main ingredients: protein-rich components such as oil seeds or soybeans; carbohydrate-rich components such as maize or barley; fibre sources such as wheat bran or cassava root; and roughage in the form of hay, silage or straw. The animal feed market is projected to grow at a CAGR of 4.90% to reach US$460.322 billion by 2026, from US$345.434 billion in 2020. Animal feeds are referred to as those products which are responsible for improving animals’ health. The feed is given in various doses depending on the animal. Rapid urbanization and growing consumption of meat and other end products such as milk and eggs across different regions are driving the animal feed market growth opportunities during the forecast period. The feed helps in enhancing the animal's abilities by providing enriched nutrients along with the feedstuff, accelerating growth and weight gain, and developing immunity. Outbursts of diseases in animals are a major factor contributing to the increasing adoption of animal feed as it enhances the health of the animals and in proper regulation of the food chain. High growth in the animal feed market is aided by the growth strategies of major players in the form of expansions and investments, which also helps in enhancing the product portfolio and reaching out to new target markets. Furthermore, the growing livestock population along with the shift from unorganized livestock farming to the organized sector is further expected to propel the market growth opportunities in the coming years. However, the high price volatility of raw materials is expected to hinder the growth of the market during the forecast period.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Investment Opportunities in Production Business of Solar Inverter. Fastest-Growing Industry of Renewable Energy.

Solar sine wave inverters are an electronic device for converting direct current (DC) from a solar array into alternating current (AC) which can be used in homes and business. A photovoltaic panel is a series of solar cells that generate DC power directly from sunlight. DC power is then converted into AC using a sine wave inverter, usually mounted on or near to your electrical breaker box. These sine wave inverters vary in sizes from 50W to over 1KW and above. For example, 100 KVA-1000 KVA of size is generally used in large scale Solar Power Plants while 50W-200W would be good enough for residential systems of average house hold needs. A solar sine wave inverter is a device that converts Direct Current (DC) to Alternating Current (AC), thereby permitting utilization of solar energy in homes, industries and power grids. Solar sine wave inverters have been specifically designed to be installed with all types of photovoltaic panels. Apart from being a green technology, these inverters also feature zero emissions and a much longer lifespan than traditional electricity generating devices. There are several advantages of using solar sine wave inverters in your commercial or industrial setup. A sine wave inverter converts direct current (DC) from a solar panel to alternating current (AC). Direct current is used to charge batteries, but for use in your home or business, you need an AC generator. A sine wave inverter makes it possible for DC power from a solar electric system to be converted into AC power that can be used in a home or business. The global Solar Inverter market size is projected to reach USD 26650 million by 2026, from USD 14600 million in 2019, at a CAGR of 8.9% during 2021-2026. Major factors driving the growth of Solar inverter market size are large inflow of investments in the renewable energy sector, increase in favorable government initiatives and rise in the number of residential solar rooftop installations. Growing demand for renewable energy due to an increase in power consumption along with a decline in the cost of producing renewable energy is expected to drive the growth of solar inverter market size during the forecast period. The cost of producing renewable energy has undergone a very steep decline and is now competitive in meeting the increasing power need. Favorable government initiatives like energy-saving certificates are expected to augment the growth of solar inverter market size. Furthermore, governments across the globe are concentrating on infrastructure growth in their countries to boost the quality of life of their people. The use of solar inverters is further promoted by the growing impact of greenhouse gases and rising environmental problems. Increasing awareness about global warming is expected to boost the solar inverter market growth. Some initiatives by Government of India to boost India’s renewable energy sector are as follows: • In July 2021, to encourage rooftop solar (RTS) throughout the country, notably in rural regions, the Ministry of New and Renewable Energy plans to undertake Rooftop Solar Programme Phase II, which aims to install RTS capacity of 4,000 MW in the residential sector by 2022 with a provision of subsidy. • To encourage domestic production, customs duty on solar inverters has been increased from 5% to 20%, and on solar lanterns from 5% to 15%. • India plans to add 30 GW of renewable energy capacity along a desert on its western border such as Gujarat and Rajasthan. • Delhi Government decided to shut down thermal power plant in Rajghat and develop it into 5,000 KW solar park • The Government of India has announced plans to implement a US$ 238 million National Mission on advanced ultra-supercritical technologies for cleaner coal utilization. Key Players: • ABB • SMA Solar Technology • Canadian Solar • SolarEdge Technologies • SunPower • Delta Electronics • Solectria Renewables • Sineng Electric • Hitachi Hi-Rel Power Electronics • Power electronics
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Soap Manufacturing Business | Startup Plan on Liquid Hand Soap, Foam & Bath Soap

Liquid hand soap and foam soap differ from traditional bar soaps in that they usually come as a liquid or a creamy solution. They typically contain a combination of plant-based and synthetic detergents that come together to effectively remove dirt and germs. These can be either antibacterial or non-antibacterial. Manufacturers also use their own proprietary formulas to produce effective foaming agents. Bath soap is made using similar ingredients as those found in liquid hand soaps and foam soaps. Like them, it is non-irritating, pH balanced and leaves behind a pleasant fragrance after use. Start a Business in Surfactants Industry, Click Here Uses Body soap is an alkaline cleanser used for cleaning. Most soaps are made from oils or fats; these ingredients react with an alkali to form a salt and water when mixed together in a solution. Additional oils or fats can be added to alter its characteristics and final appearance. This type of soap is a common ingredient in liquid hand soap, foam and bath soap. Watch Video: Soap Manufacturing Business Plan | Liquid Hand Soap, Foam & Bath Soap It is helpful in protecting your skin from diseases like eczema, fungal infections and dry skin. It has antibacterial properties that protect you from infections which can be caused by harmful bacteria. They cleanses hands and other body parts thoroughly. It is used in residential as well as commercial places for hand wash and bathing purposes respectively. Since these products are made from mild and natural ingredients; they don’t react with chemicals present in water hence it does not harm our skin or affect its pH levels. Also, liquid soap is more hygienic than bar soaps because we can easily control how much soap to use on our hands or when we bathe. All these points make them indispensable for households and offices alike. They come in various sizes, shapes and fragrances, being available at a range of prices too. Related Project Report: Production of Liquid Hand Soap, Foam & Bath Soap Manufacturing Process Start with saponification of oils or fats. The glycerol obtained in soap making is used as a non-food product in products such as detergents and cosmetics. Animal fat sources such as lard and tallow are processed by rendering to obtain glycerol for use in a wide variety of consumer and industrial products. Fats from plant sources, including coconut oil and palm oil are processed similarly for use in many different consumer applications including soaps and biodiesel. Glycerol from all these sources is typically derived using one of three processes: wet chemical (lye) method, dry method, or alcohol method. Read our Books Here: Soaps, Detergents, Acid Slurry, Cleaners, Toiletries, Washing Powder, Cake (Bar), Laundry Care, Fabric Wash, Household Detergent, Industrial Detergents, Synthetic Detergent, Toilet Soap, Liquid Soap, Depilatories, Surfactants, Disinfectants Manufacturing Wet chemical process utilizes potassium hydroxide as an alkali agent for saponification, whereas dry process uses sodium hydroxide to make fatty acids into soaps. In alcohol processing, vegetable oils are mixed with methanol and subjected to ultrasonic energy until all molecules split into their constituent parts: glycerol and fatty acids. Some soaps are made by reacting sulfuric acid with rendered animal fat. Watch other Informative Videos: Soap, Detergents, Surfactants, Cleaners, Cleaning Powder, Laundry Care, fabric care and wash, Household and Industrial Detergents These reactions yield glycerols, which can be converted into a number of useful derivatives; soap has been traditionally used both personally and commercially as an emulsifying agent that assists in removing dirt and grease from skin or hair when combined with water. Saponified olive oil differs markedly from castile soap. Castile soap is almost pure sodium oleate (and has relatively little natural glycerin left); it was originally made by boiling beef or mutton fat with a strongly alkaline solution derived from hardwood ashes. Related Feasibility Study Reports: Soap, Detergents, Surfactants, Cleaners, Cleaning Powder, Laundry Care, fabric care and wash, Household and Industrial Detergents, Washing and Toilet, Liquid Soaps, Liquid Detergents, Acid Slurry Saponified olive oil contains significant amounts of stearic acid and oleic acid. By contrast, most commercial liquid hand soaps contain synthetic detergents like alkylbenzenesulfonates, linear alkylbenzenesulfonates and alcohol ethoxylates—all complex mixtures which vary depending on manufacturer. Most household cleaning products are made with similar ingredients—alkyl sulfate, linear alkylbenzenesulfonates or other petrochemical compounds, denatured alcohols and perfume oils. Start a Business in India Market Outlook: Global Liquid Hand Soap Market size is estimated to grow at over 12.0 % CAGR between 2020 and 2027. Increasing consumer awareness towards safety and hygiene as bacteria’s and germs are the major cause of spread of diseases will drive the product demand. In addition, growing consumer spending on personal hygiene is expected to promote the products. Start a Business in Potential Countries for Doing Business Rising spread of various disease among human, especially after the outbreak of covid-19 all over the worldwide led to increase in the demand for liquid hand soaps in numerous sectors includes hospitals, malls, offices, restaurants, and many others. Additionally, the government recommendation to prevent the spread of coronavirus such as issued recommendation for maintaining hand hygiene, which includes frequent handwashing, also support the rising demand for liquid hand soaps in the global market. Also, the bath soap market is further expected to grow at a CAGR of 5% between 2021 and 2026 to reach a value of almost USD 27.5 billion. Best Industry for Doing Business The Asia Pacific is the largest regional market, accounting for almost 40% of the industry. The industry in the Asia Pacific is being aided by the large population of the region. Asia accounts for almost 60% of the global population, with China and India being the most populous countries. The growing population in India is expected to drive the growth of the bath soap industry. The industry in the region is also being aided by the increasing penetration of the industry and the growing adoption of soap. Its large retail industry is also projected to propel the industry further. The country is the fourth largest retail market, globally and the third largest in Asia. See More Links: Looking for Most Demandable Business Ideas for Startups Business Ideas with Low, Medium & High Investment Start a Business in Africa Start a Business in Middle East Start a Business in Asia Related Videos Related Books Related Projects Related Market Research Reports
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: 1
Return: 1.00%Break even: N/A
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Profitable Business of Magnesium Sulphate

Magnesium sulphate is an inorganic salt with the formula MgSO4(H2O)x, where 0x7 is the number of atoms in the formula. Epsomite (MgSO4•7H2O), often known as Epsom salt, is a heptahydrate sulphate mineral that is commonly encountered. It works by boosting water in the intestines and replacing magnesium in the body. Magnesium sulphate is a laxative that can be taken orally to ease occasional constipation and to treat magnesium deficiency; however, the bulk of it is used in agriculture. The FDA has not approved all external applications for magnesium sulphate. Magnesium Sulphate is a chemical compound that contains magnesium, oxygen, and sulphur. Magnesium sulphate is also known as sulphate mineral and epsomite, both of which are used to make Epsom Salt. Magnesium sulphate has use in a variety of areas, including healthcare, agriculture, medicines, food additives, and others. It is employed both internally and externally in the medical field. Depending on the concentration, magnesium sulphate has a bitter or salty flavour. At low concentrations, it has a salty flavour, however at high concentrations, it has a bitter flavour. As a result, it may have the potential to be utilised as a salt substitute. Magnesium sulphate comes in heptahydrate, monohydrate, anhydrous, and dry forms, each carrying the equivalent of 2 to 3 hydration fluids. Natural sources of magnesium sulphate include saltwater, mineral springs, and minerals like kieserite and epsomite. The heptahydrate of magnesium sulphate is made by dissolving kieserite in water and then crystallising the heptahydrate. Magnesium sulphate is a fertiliser, a food supplement in animal feed, and a cathartic and analgesic in medicine. It is employed as a coagulating agent in rubber and plastics, in various plating baths, and as a drying agent for various organic solvents in the textile industry, as well as in the manufacturing of citric acid, magnesium stearate, monosodium gluconate, and various photographic solutions. After rising at a CAGR of 5.1 percent from 2021 to 2026, the Magnesium Sulfate Market is expected to reach $1,233.3 million by 2026. In the years ahead, the growing requirement to produce high agricultural yields, combined with the significant growth of the global agricultural business, is likely to be the primary driver of demand growth. Furthermore, the increased use of magnesium sulphate in the personal care and cosmetics sector to formulate a variety of important personal care items, such as hair products, skincare products, sun-tan products, and skin fresheners, will create new opportunities for the global magnesium sulphate industry to grow. Few Indian Major Players 1. Aksharchem (India) Ltd. 2. Liberty Phosphate Ltd. 3. Pioneer Magnesia Works Pvt. Ltd. 4. Sam Industries Ltd. 5. Welterman International Ltd. 6. Yash Chemex Ltd.
Plant capacity: Magnesium Sulphate: 72 MT Per DayPlant & machinery: 2.56 Cr
Working capital: -T.C.I: Cost of Project: Rs. 9 Cr
Return: 29.00%Break even: 58.00%
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Production Business of Zinc Sulphate

Zinc sulphate is a crystalline substance that is highly water soluble, clear, and colourless. It's also known as white vitriol and comes in the heptahydrate form, ZnSO4 •7H2O. It's found naturally in the mineral goslarite and can be made by reacting zinc with sulfuric acid. It's used to make lithopone, coagulation baths for rayon, electrolyte for zinc plating, as a mordant in dyeing, as a preservative for skins and leather, and as an astringent and emitic in medicine. Zinc sulphate is primarily utilised in fertiliser applications and as a supplement in animal feed. It's used on crops like pecans, deciduous fruits, peanuts, cotton, corn, and citrus, as well as in swine and poultry feeds. The most frequent dry fertiliser is zinc sulphate, and the most common liquid fertiliser is zinc chelates. Zinc sulphate is a preferred chemical for supplying zinc values in agricultural applications due to its excellent solubility in aqueous environments. Zinc is a necessary component of plant and animal life. It acts as a growth hormone in plants and impacts protein synthesis. Zinc deficiency causes plant stunting, yellowing of the leaves, and lower seed, grain, vegetable, and fruit production. The most popular and most effective long-term technique for addressing zinc deficiency is to apply zinc sulphate to the soil. Zinc sulphate can be sprayed in a band near the seed or as a broadcast treatment that is tilled into the soil. The most efficient placement of the band is to the side and below the seed. Zinc sulphate solution can be used to manufacture zineb (zinc ethylene bisdithiocarbamate). Zineb is a typical agricultural fungicide used to protect crops like apples, pears, cabbage, broccoli, and ornamentals, as well as citrus, stone fruit, cotton, and wheat. Zinc sulphate is used in agriculture to destroy weeds and protect crops from pests. Zinc sulphate is a significant element of the precipitating bath in the manufacturing of viscose rayon and in the electrolyte for zinc plating. Zinc sulphate is used as a mordant in dyeing, as a skin and leather preservative, and as an astringent and emetic in medicine. In the period 2020-2026, the global zinc sulphate market is expected to rise at a robust CAGR of 4.2 percent. The market is being driven by increasing usage as a fertiliser additive in the agriculture industry to prevent and repair zinc deficiency in crops, increased demand for applications of raw material for manufacturing latex products, and usage as a moss control herbicide. Zinc sulphate is used to treat zinc deficiency in humans and as a fertiliser in agricultural sprays to increase soil nutrition, and it is projected to play a significant role in market growth. Few Indian Major Players 1. Agro Phos (India) Ltd. 2. Aksharchem (India) Ltd. 3. Indian Farmers Fertiliser Co-Op. Ltd. 4. Jayshree Chemicals Ltd. 5. Liberty Phosphate Ltd. 6. Yash Chemex Ltd.
Plant capacity: Zinc Sulphate 33%: 2 MT Per Day Zinc Sulphate 21%: 2 MT Per Day Zinc Sulphate 12% Soln.: 2 MT Per DayPlant & machinery: 1.21 Cr
Working capital: -T.C.I: Cost of Project: Rs. 3.70 Cr
Return: 22.00%Break even: 60.00%
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Business Industry of Grain Processing (Grading, Cleaning & Packaging of Rice & Pulses)

Four milling is a physical process in which the kernel is cleaned, adjusted to a suitable moisture level, and then mechanically reduced to the proper particle size to produce a four. Fractionation is used in four production not only to separate bran, germ, and endosperm from one another, but also to ensure the milling endosperm particle size is correct. The technique does not include any chemical or heat treatments, and so does not result in grain purification. When comparing levels within the grain and the final mill fractions, the milling process might cause variations in the distribution of pollutants. Pulses are the dried and edible seeds of leguminous plants. Pulses are an integral component of traditional food baskets since they are a low-fat source of protein. These are the most important component of a well-balanced diet and a primary source of protein for India's vegetarians. Dal is typically made using pulses, rice, and chapatti. Dal with onions, tomatoes, and spices is a must-have snack in any home. Pulses are a staple of any vegetarian's diet, yet they're also popular among non-vegetarians. They are the primary protein sources. Pulses are used in a variety of recipes, including hot foods, sweet dishes, and others. Pulses are the most prevalent food in Indian households. Dal is a dry cereal that is consumed to provide the protein needs of a normal human being. Rice is the main source of income for West Bengal's rural inhabitants. Rice is the state's main food crop, out of a variety of crops. With an annual output of roughly 150 lakh tonnes, West Bengal is the country's top rice producer. Rice is made by hulling and dehusking paddy in a rice mill. 65 percent milled rice, 24 percent husk, and 5% bran layers make up the paddy. Humans are unable to ingest paddy in its uncooked form. It must be processed properly in order to yield rice. Rice is one of the world's most important food crops. However, because a large portion of the world rice production is consumed in the nations where it is produced, only a little amount of rice flows around the world. Seed is the most fundamental input in agriculture. The state of agriculture is determined by the quality of seed used by farmers. However, new cultivars and improved integrated crop management approaches are necessary for optimal productivity gains. Peanuts, also known as groundnuts, are a high-value commodity that can be sold raw but is incredibly adaptable and can be utilised in a variety of goods. The oil can be used in cooking, as a shortening, or as a foundation for confectioneries. It can also be used to make peanut butter. Groundnuts come in two varieties: bush and runner. The following are the most common ways that major food grains are used: • Directly as food. • For the generation of starch and the conversion of starch into glucose. • In order to make vegetable oil. • To make food that is high in protein. • For the purpose of making livestock feed. • In directly produced corn steep liquor, which is employed as a vitamin or mineral supply in the fermentation procedure. Food grains are the most common contents. Carbohydrate, protein, fibre, fat, minerals, vitamins, and the moisture outer coatings of cereal grains are all made up of cellulose fibre. When food grains are stored, moisture is lost and the quality deteriorates. Cereal grains are very significant food ingredients. Rice is the primary food source for about half of the world's population. Rice, wheat, and millets are the most commonly consumed cereals in India (jowar, bajra, ragi, etc.) They are the cheapest calorie sources. Cereals are essential sources of nutrients in an average Indian diet since they are consumed in such big quantities. From 2020 to 2027, the market for cereals and grains processing is predicted to rise at a rate of 10.40 percent. In the period 2020-2027, the increased consumption of food products will be the primary factor driving the growth of the cereals and grains processing market. For around 58 percent of India's population, agriculture is their primary source of income. Agriculture, forestry, and fishery had a Gross Value Added of Rs. 19.48 lakh crore (US$ 276.37 billion) in FY20. In FY20, agricultural and allied sectors accounted for 17.8% of India's gross value added (GVA) at current prices. Consumer spending in India would grow by as much as 6.6 percent in 2021, following a pandemic-driven drop. Few Indian Major Players 1. Arvind Kumar Nand Kumar Ltd. 2. Baba Agro Food Ltd. 3. Chennai Gate Rice Inds. Pvt. Ltd. 4. D D International Pvt. Ltd. 5. Fortune Rice Ltd. 6. G P A Capital Foods Pvt. Ltd. 7. Buniyad Foods India Ltd. 8. Hari Bhog Foods Pvt. Ltd.
Plant capacity: Moong Dal: 1 MT Per Day Masur Dal: 1 MT Per Day Toor Dal: 1.5 MT Per Day Chana Dal: 1 MT Per Day Kabuli Chana: 1 MT Per Day Desi Chana: 1.5 MT Per Day Katrni Rice: 1.5 MT Per Day Bengal Joha Rice:1 MPlant & machinery: 63 Lakhs
Working capital: -T.C.I: Cost of Project: Rs. 1.65 Cr
Return: 31.00%Break even: 58.00%
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Manufacturing Industry of Kraft Paper

Paper or paperboard (cardboard) made from chemical pulp produced in the kraft process is known as kraft paper or kraft. Sack kraft paper (or simply sack paper) is a porous kraft paper with high elasticity and rip resistance that is used to package products with high strength and durability requirements. The kraft process produces stronger pulp than other pulping methods; acidic sulfite processes degrade cellulose more, resulting in weaker fibres, and mechanical pulping processes leave the majority of the lignin with the fibres, whereas kraft pulping removes the majority of the lignin present in the wood. Low lignin content is critical for the paper's strength because lignin's hydrophobic nature prevents the formation of hydrogen bonds between cellulose (and hemicellulose) in the fibres. Although kraft pulp is darker than other wood pulps, it can be bleached to produce a very white pulp. When strength, whiteness, and resistance to yellowing are critical, fully bleached kraft pulp is used to manufacture high-quality paper. For one reason, paper has long been a standard in packaging: it simply works. Despite all of the options for packaging and shipping protection, Kraft Paper has stood the test of time and has endured. -Strength-: Kraft paper is tough and can endure industrial pressures to keep property and supplies safe. Some people try to utilise lower-quality papers, which have their uses, but Kraft Paper's robustness stands out among other options when it comes to preserving items and materials. -Pallet Uses- Anti-slip Kraft Paper between layers of boxes, bags, and other materials avoids breakage and protects the products being shipped. Using pre-cut sheets speeds up the process of palatalizing products while also saving money in the long term by providing an extra layer of protection. The use of a Kraft Paper cardboard slip sheet on the base layer of palliated objects prevents the entire load from shifting during transportation. -Wrapping Individual Items- Kraft Paper is used to wrap goods individually in pottery stores and craft stores because it provides a cheap layer of protection at a fraction of the cost of alternative materials. Individual things are wrapped in Kraft Paper by manufacturers because they want their products to arrive in one piece and be ready for usage by the consumer or end-user. -Floor Covering- Kraft paper may be easily applied to floors to protect them during manufacture and construction. Some people use Kraft Paper to keep fibreglass from harming their floors. Others utilise Kraft Paper rolls to preserve their customers' floors during remodelling and construction projects. -Paint Masking- Paint overspray can harm an automobile, boat, or structure. By simply masking items to be painted with Kraft Paper, you may avoid unwanted overspray and save time and money. The global kraft paper market is expected to increase at a CAGR of 3.0 percent from USD 15.6 billion in 2019 to USD 18.7 billion by 2025. The rising demand for kraft papers in different end-use sectors such as food & drinks, building & construction, cosmetics & personal care, automotive, and consumer durables is expected to fuel the global kraft paper market's expansion. Furthermore, the kraft paper market is expected to develop due to factors such as rising urbanisation across areas and the recyclability of kraft papers. Few Indian Major Players 1. Aryan Paper Mills Ltd. 2. Best Paper Mills Pvt. Ltd. 3. Dev Priya Papers Pvt. Ltd. 4. Fiesta Papers Pvt. Ltd. 5. Galaxy Papers Pvt. Ltd. 6. Godavari Pulp & Papers Mills Pvt. Ltd. 7. Laxmi Govind Paper & Pulp Mill Pvt. Ltd. 8. Maharaja Paper Inds. Pvt. Ltd.
Plant capacity: Kraft Paper: 200 MT Per DayPlant & machinery: 47.24 Cr
Working capital: -T.C.I: Cost of Project: Rs. 74.42 Cr
Return: 26.00%Break even: 49.00%
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Demanding Business of E-Rickshaw Assembling

E Rickshaws are three-wheeled battery-operated vehicles that are considered an upgrade to traditional rickshaws and are more cost-effective than auto rickshaws and other fuel variants. These rickshaws have zero emissions and are frequently argued to be much better than other rickshaws because they are almost pollution-free. E rickshaws are becoming increasingly popular among rickshaw drivers, and they have opened up new prospects for people because they require little investment to earn a living. They provide significant returns in a short period of time, are simple to operate, and have low maintenance and operating costs. Because of its low maintenance costs, low fuel costs, environmental friendliness, lack of noise pollution, ease of operation, and last but not least, livelihood, e-rickshaws have become one of the most popular modes of transportation on city streets. The earnings for an e-rickshaw driver are pretty substantial without putting in much physical effort or investing much money, and it is thus a vital means of income for many. These e-rickshaws have three wheels and a differential system at the back. The chassis of these vehicles is made of mild steel tubing. E-Rickshaw Benefits • Environmentally friendly — because they are battery-powered, e-rickshaws may be the ideal alternative to petrol or diesel-powered cars. Because these rickshaws do not release smoke, they will not contribute to rising air pollution levels. The batteries that will be utilised to power these rickshaws may be effectively recycled, so resolving the issue of battery disposal. • Economical – E-rickshaws are relatively inexpensive and can be readily afforded by the average person. Passengers will be charged a lower transportation fee. It is cost-effective not only for customers, but also for business owners. The batteries can be readily recharged at home or anywhere else that has a suitable voltage. • No Noise Pollution — E-rickshaws do not generate any sound, thus they do not contribute to noise pollution. Passengers can enjoy a pleasant and relaxing trip. • Income — E-rickshaws provide a source of income for both literate and illiterate persons. E-rickshaw drivers may make a solid living without spending a lot of money. • Safety — when compared to other fuel-powered vehicles, e-rickshaws pose a lower danger. Because they are slower and lighter than an auto rickshaw, they are less likely to cause an accident. In the event of fuel-operated vehicles, there is a risk of explosion. • Low Maintenance - Because the engines are powered by electricity, they do not require any fuel. Because e-rickshaws do not have an engine or a transmission, they require less maintenance. In these rickshaws, the motor is smaller, and the battery is located below it. As a result, maintaining them is much easier. During the forecast period, the worldwide e-Rickshaw market is expected to grow at a CAGR of roughly 9%. The market's growth can be attributable to cheap transportation costs and low power consumption. E-rickshaws are widely acknowledged as a viable alternative to diesel, gasoline, and compressed natural gas auto rickshaws. Increasing public awareness of air pollution and other environmental issues that can be mitigated through the use of e-rickshaws. The controller, motor, batteries, harness, and throttle are the primary electronic components that make up the drive of an e-rickshaw. Any mismatch between these components is unpleasant and can lower performance. During this time, the worldwide e-Rickshaw market is expected to grow at a CAGR of roughly 9%. The market's growth can be attributable to the cheap cost of transportation, which is attributed to more mileage and lower power usage. The e-rickshaw market is expected to be driven by an increase in sales and production of electric cars as an alternative to fuel-based mobility, owing to many government efforts and environmental laws on the electric vehicle industry.
Plant capacity: E-Rickshaw: 200 Nos per dayPlant & machinery: 2.06 Cr.
Working capital: -T.C.I: Cost of Project: Rs. 25.80 Cr.
Return: 30.00%Break even: 68.00%
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Setting up a Multispeciality Hospital (200 Bedded)

A hospital is a health-care facility that provides specialised medical and nursing services as well as medical equipment to patients. The most well-known type of hospital is the multispecialty hospital, which often features an emergency room to address urgent health issues such as fire and accident victims, as well as acute illness. Trauma centres, rehabilitation hospitals, children's hospitals, seniors' (geriatric) hospitals, and hospitals for specific medical requirements such as mental care and certain disease categories are all examples of specialised hospitals. When compared to normal hospitals, specialised hospitals can help save money on health treatment. Depending on the sources of revenue, hospitals are categorised as general, speciality, or government. A multi-specialty hospital is a health-care organisation that provides preventive, curative/ameliorative, palliative, or rehabilitative services, according to various definitions. It's designed to help individuals with a variety of diseases. A private hospital is a facility where patients can receive treatment for anything from a little fever to a major surgery. At truth, there are no restrictions on the kind of services that can be provided in a hospital. However, all private hospitals are equipped with the most up-to-date technology and equipment. Surgeons, physicians, E.N.T., specialists, children's specialists, eye surgeons, psychologists, and sex experts are all important in a hospital. The hospital industry's structure is complicated in nature, as it may be viewed from various perspectives. Because each hospital is unique in terms of structure, functions, performance, and the community it serves, each has its own set of characteristics. A speciality hospital is one that focuses on a certain sub-specialty of medicine (Urology, General Surgery, Cosmetic surgery, Bariatric surgery, Clinic Pathology, Padeatrics & Neonatology). For significant procedures, consultations with sub-specialists, and when sophisticated intensive care facilities are necessary, patients are frequently referred from smaller hospitals to a specialty hospital. These hospitals feature highly skilled professionals, cutting-edge equipment, and provide services 24 hours a day, seven days a week. Specialized diagnostics, dialysis for acute renal failure, ventilation for patients with respiratory failure, and intensive care for critically ill patients are all available at these facilities. These hospitals conduct research and have a well-stocked library. In 2020, the global hospital market was valued at USD4207.46 billion, and it is predicted to increase at a CAGR of 6.70 percent over the next five years. This is due to the expanding geriatric population, which is afflicted with a variety of chronic ailments such as cancer, diabetes, cardiovascular disease, and renal disease, among others. As a result, the number of patients in need of therapy has grown. Furthermore, rising healthcare expenditures by governments around the world, as well as the penetration of large hospital chains, are likely to drive market expansion in the coming years. Furthermore, through 2026, rising awareness and developments in diagnostic technologies are likely to generate profitable prospects for market expansion. Hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment are all part of India's healthcare industry. The healthcare sector is expanding at a breakneck speed, thanks to expanded coverage, services, and increased spending by both public and private entities. The hospital industry in India, which accounts for 80% of the entire healthcare market, is seeing a lot of interest from both international and domestic investors. The hospital industry is predicted to increase at a CAGR of 16-17 percent from $61.8 billion in 2017 to $132 billion in 2023.
Plant capacity: 200 Bedded HospitalPlant & machinery: 140 Cr
Working capital: -T.C.I: Cost of Project: Rs. 212.48 Cr
Return: 27.00%Break even: 50.00%
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  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
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  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.

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