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

Agriculture & Horticulture: Project Opportunities in Jammu & Kashmir

 

PROFILE

Agriculture Sector of Indian Economy is one of the most significant part of India. Agriculture is the only means of living for almost two-thirds of the employed class in India. About 65% of Indian population depends directly on agriculture and it accounts for around 22% of GDP. Agriculture derives its importance from the fact that it has vital supply and demand links with the manufacturing sector. The agriculture sector of India has occupied almost 43 percent of India's geographical area. Agriculture is still the only largest contributor to India's GDP even after a decline in the same in the agriculture share of India

RESOURCES

Paddy, wheat and maize are the major crops of Jammu & Kashmir. Barley, bajra and jowar are cultivated in few parts. Gram is grown in Ladakh. The horticulture industry in Kashmir has become the safeguard of rural economy in the State, providing job facilities to the thousands of people directly and indirectly. The major horticulture items are apple, pear, cherry, walnut, almond, peaches, saffron, apricot, strawberry and plum. About 80 per cent population of the State depends on agriculture. The area under orchards is 242 lakh hectares. The State produces fruit worth Rs 2,000 crore annually including export of walnuts worth Rs. 120 crore. Jammu and Kashmir State has been declared as Agri Export Zone for apple and walnuts. Market Intervention Scheme has also been launched for improving quality fruit for export by ensuing proper grading.

The State is suitable for growing variety of flowers since it has perfect agro-climatic conditions. The floriculture industry in the State offers a good source of supply to the domestic and international market. There is potential for this activity to be propagated on a commercial basis.

GOVERNMENT POLICIES:

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 Government of India (GOI) uses a variety of policy instruments in attempting to achieve these goals, including:

•        Domestic subsidies to inputs, outputs, transportation, storage, and consumption to reduce producer costs and consumer prices

•        Border measures such as subsidies, tariffs, quotas, and non-tariff measures to protect domestic producers from import competition, manage domestic price levels, and guarantee domestic supply.

Handicraft: Project Opportunities in Jammu & Kashmir

PROFILE:

India is one of the important suppliers of handicrafts to the world market.  The Indian handicrafts industry is highly labour intensive cottage based industry and decentralized, being spread all over the country in rural and urban areas.  Paintings, furniture, sculptures, artificial jewellery, animal figures, figurines of deities and idols, baskets, and many more items have been complimented as the pride of India. The Handicrafts Sector plays a significant & important role in the country’s economy.

RESOURCES:

Handicraft is the traditional industry of the State and has been of crucial importance given its large employment and export potential. Some of the items of industry are papier-mache, woodcarving, carpets, shawl making, embroidery etc. The handicrafts industry, particularly the carpet industry, has been a source of substantial foreign exchange. It provides employment to about 3.40 lakh artisans. The number of industrial units has also gone up. Jammu has Urban Haats, while a similar Haat is being commissioned in Srinagar. An Export Promotion Industrial Park has been established at Kartholi, Jammu. A similar Park is being set up at Ompora, Budgam. A pashmina dehairing project assisted by the United Nations Development Programme (UNDP) is coming up in the Leh industrial estate of the State.

GOVERNMENT POLICIES:

During the Xth Plan the Government of India has implemented seven generic schemes in the central sector for holistic growth and development of handicrafts sector in the country.  The Sub-Group on handicrafts recommended six generic schemes for development of handicrafts in the country to be implemented during the 11th five year plan. The schemes recommended for implementation during 11th five year plan are as under:

Baba Saheb Ambedkar Hastshilp Vikas Yojana: This scheme aims to promote Indian handicrafts by developing artisans’ clusters into professionally managed and self-reliant community enterprise on the principles of effective member participation and mutual cooperation.  The thrust of the scheme is on a project based, need based integrated approach for sustainable development of handicrafts through participation of crafts persons. 

 

Livestock: Project Opportunities in Jammu & Kashmir

PROFILE:

Livestock sector plays a critical role in the welfare of India's rural population. It contributes nine percent to Gross Domestic Product and employs eight percent of the labour force. 70% of livestock market in India is owned by 67% of small, marginal farmers and by the landless. 60% of livestock farming labor is provided by women and more than 90% of work related to care of animals is rendered by womenfolk of the family. Indian Livestock is reared in close human proximity where they form component of the life system of the people. Cows, buffaloes, bullocks, mule and donkeys are not just utility animals, but also companions at work for the toiling poor who rear them alongside their own dwelling. India has 53% of world Buffalo population and 15% of world Cattle population. In terms of sheep population, India ranks fifth after Australia, China, Iran and New Zealand.

RESOURCES:

In Jammu and Kashmir, animal husbandry plays a significant role as 0.13 per cent of gross domestic product (GDP) of the state is contributed by this sector. The state has a precious wealth of livestock in form of cattle-buffalo, sheep, goats, poultry, etc. The cattle and poultry amongst all the livestock are considered the most important tool for the development of the rural economy. The production of pashmina shawls and other animal products like carpets, shawls and blankets of Kashmir earn handsome foreign exchange for the nation. Therefore livestock industry in the state has vast scope for development rendering quick economic returns.

GOVERNMENT POLICIES:

The Indian government has collaboration and policies to provide guidance for a more holistic planning, implementation and monitoring of animal husbandry projects. Following plans have also been made:

•        Also, the government has planned to assure a sound Natural Resource Management (NRM) Sphere co-ordination and implementation at country level for SDC.

•        Create / enhance synergy between the activities of the Livestock production and Dairying (LPD) and Sustainable Land Use (SLU) sectors

•        Enlarge the scope for new and innovative interventions and for support to technical development and technology transfer.

•        Promote and support validation, documentation and dissemination of experiences in order to contribute to the process of knowledge management in SDC and Inter cooperation (IC) and to strengthen inputs for policy and strategic dialogue with partners and actors in the NRM Sphere

 

Tourism: Project Opportunities in Jammu & Kashmir

 

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. The tourism industry in India is substantial and vibrant, and the country is fast becoming a major global destination. India’s travel and tourism industry is one of them most profitable industries in the country, and also credited with contributing a substantial amount of foreign exchange. Indian Tourism offers a potpourri of different cultures, traditions, festivals, and places of interest.

RESOURCES:

Jammu and Kashmir is known as crown of India, adheres varieties of cultural, religious spots, adventure and sightseeing activities. It is famous for its towering snow clad mountains, bubbling streams, transparent and sparkling lakes, flower meadows, colourful orchards and rare fauna. All such features of Jammu and Kashmir have always attracted numerous tourists from all over the world. Tourism has emerged as an important and one of the major contributors to the State's economy. There are various places of tourist attraction in the State which are being visited by both foreign and domestic tourists. Kashmir Valley is described as the paradise on earth. Chashmashahi springs, Shalimar Bagh, Dal Lake, Dachigam, Gulmarg, Pahalgam, Sonamarg and Amarnath shrine in the Valley, Vaishnodevi shrine and Patnitop near Jammu and Buddhist monasteries in Ladakh are important tourist destinations. Ladakh festival in September and Sindhu Darshan in June are popular events. However, efforts are being made to support houseboat owners and develop village tourism in Jammu and Kashmir.

 

GOVERNMENT POLICIES:

In order to develop tourism in India in a systematic manner, position it as a major engine of economic growth and to harness its direct and multiplier effects for employment and poverty eradication in an environmentally sustainable manner, the National Tourism Policy was formulated in the year 2002. Broadly, the Policy attempts to:-

•        Position tourism as a major engine of economic growth;

•        Harness the direct and multiplier effects of tourism for employment generation, economic development and providing impetus to rural tourism;

•        Focus on domestic tourism as a major driver of tourism growth.

•        Position India as a global brand to take advantage of the burgeoning global travel trade and the vast untapped potential of India as a destination;

•        Acknowledges the critical role of private sector with government working as a pro-active facilitator and catalyst;

•        Create and develop integrated tourism circuits based on India’s unique civilization, heritage, and culture in partnership with States, private sector and other agencies; and ensure that the tourist to India gets physically invigorated, mentally rejuvenated, culturally enriched, spiritually elevated and feel India from within.

Sericulture: Project Opportunities in Jammu & Kashmir

PROFILE:

Sericulture, the technique of silk production, is an agro-industry, playing an eminent role in the rural economy of India. Silk-fibre is a protein produced from the silk-glands of silkworms. Of the total production of 2,969 tonnes of silk in India, as much as 2,445 tonnes is produced by the mulberry silkworms, Bombyx mori. India is the second largest producer of raw silk after China and the biggest consumer of raw silk and silk fabrics. An analysis of trends in international silk production suggests that sericulture has better prospects for growth in the developing countries rather than in the advanced countries.

RESOURCES:

Kashmir has been famous for its silk production since ancient past. Rajtrangni of Kalhana, Mahabharata and Ramayana establish that the sericulture was being practised in Kashmir from times immemorial.  Jammu and Kashmir produces the best quality Bivoltine Mulberry silk in the country due to its longer length better strength and shine mainly because of conducive climatic conditions. However out of total production of cocoons every year only 20-25% is being consumed within the State and the rest is exported. The estimated production of raw silk yarn is 92000 kg annually. As against this the State is importing spun silk as an item of raw material for different manufactures without clicking our conscience that the better silk could have been exported to others besides catering to the needs of the home industry.

GOVERNMENT POLICIES:

There are several centrally sponsored schemes for promotion and development of sericulture sector, through which Government of India has been undertaking different activities like:

 

•        creation of sericulture related infrastructure;

•        development of nurseries and farms;

•        expanding plantation areas;

•        providing technical know-how to the rearers in production and marketing of cocoons;

•        skill up-gradation and training programme, etc.

 

Fisheries: Project Opportunities in Jammu & Kashmir

PROFILE:

Fisheries sector occupies a very important place in socio-economic development in India. It has been recognized as a powerful income and employment generatoras it stimulates growth of a number of subsidiary industries and is a source of cheap and nutritious besides being a foreign exchange earner.

RESOURCES:

The State of J&K has a unique topography which divides the State in to 3 distinct agro climatic zones viz. the tropical Jammu Division, the temperate Kashmir Valley and the cold arid zone of Ladakh. The State is bestowed with the natural water resources spread over an area of about 0.40 lacs hectares existing in the shape of cold water torrential streams, Lakes, Rivers, Sars, Springs, Reservoirs besides about 250 high altitude Lakes. While the Jammu Division offers potential for development of Warm Water Fisheries, certain areas in the Districts of Kathua, Udhampur, Doda, Rajouri and Poonch also offer potential for the development of Cold water Fisheries and Mahaseer Fisheries. The Kashmir Valley including Ladakh region offers great potential for development of Cold Water Fisheries and the indigenous Icthyofauna.

GOVERNMENT POLICIES:

During the 10th Five Year Plan, emphasis was laid on the strengthening of the infrastructure existing in the shape of Fish Farms, Hatcheries, and other allied infrastructure. The Department has achieved break-through in cold water Fisheries and Food Fisheries. Fish Farming has been successfully introduced in the private sector under the Hon’ble Prime Minister’s Package and in this direction 454 units have been set up to provide employment avenues to the educated unemployed rural youth. During the Annual Plan 2009-10, the department has identified major thrust areas for overall development of fisheries in the State.

These include:-

i.        The existing infrastructure will be further strengthened. Under this programme, emphasis will be laid to increase the hatching and rearing capacity of existing Fish Farms and Trout Hatcheries.

ii.       Development of Recreational Fisheries by way of setting up of an Aquarium at Srinagar and completion of phase 2nd of Aquarium cum Awareness centre at Bagh-i-Bahu Jammu.

iii.      Extensive survey of areas especially in newly created districts will be conducted for establishment of new fish farming units of both Carp and Trout.

iv.      Sport Fisheries will be further strengthened and new trout streams will be established in the State particularly in Jammu division to increase the scope of trout angling in the State.

v.       Propagation of fish culture in private sector

vi.      Development of endemic fish fauna/hill stream fisheries.

vii.     To provide better marketing facilities for the fishermen.

 

Waste management and recycling: Project Opportunities in Jammu & Kashmir

PROFILE:

Rapid industrialization last few decades have led to the depletion of pollution of precious natural resources in India depletes and pollutes resources continuously. Further the rapid industrial developments have, also, led to the generation of huge quantities of hazardous wastes, which have further aggravated the environmental problems in the country by depleting and polluting natural resources. Therefore, rational and sustainable utilization of natural resources and its protection from toxic releases is vital for sustainable socio-economic development.

RESOURCES:

SMC has introduced dumpers replacing open collection sites in many areas but the dumpers are not colour-coded and no segregation of waste is carried out at source. Total waste generated is about 375 MT/day (within SMC limits). House-to-House collection of municipal solid waste is being undertaken in 25% of households in Srinagar city through Srinagar Municipal Corporation and some Non- Governmental Organizations (NGOs). Waste is being collected from hotels, restaurants, office complexes and commercial areas whereas slums in some areas are not provided with sanitation facilities. Waste from slaughter houses, meat and fish markets, fruits and vegetable markets which are bio-degradable in nature are not managed separately instead are dumped at the landfill site.

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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PVC Granules from PVC Resin

PVC compounds also known as a dry blend are based on the combination of the PVC and additives that give the formulation necessary for the end-use application. The convention in recording the additive concentration is based on parts per hundred of the PVC resin (phr). The compound is generated by intimately mixing together the ingredients, which is subsequently converted into the gelled article under the influence of heat (and shear). Depending on the type of PVC and additives, the compound prior to gelation, can be a free-flowing powder/dry blend or a liquid in the form of a paste or solution. PVC compounds can be formulated for flexible materials using plasticisers, called PVC Plasicized Compounds and for rigid application without plasticizer called UPVC compound. The global plastics market size was valued at USD 522.66 billion in 2017. It is poised to expand at a CAGR of 4.0% during the forecast period. Increasing plastic consumption in the construction, automotive and electrical & electronics industries is projected to support market growth over the forecast period. Regulations to decrease gross vehicle weight to improve fuel efficiency and eventually reduce carbon emissions have promoted the use of plastics as a substitute to metals, including aluminum and steel, for manufacturing of automotive components. The growth of the construction industry in emerging markets such as Brazil, China, India, and Mexico has been instrumental in fueling the demand for plastics during 2015 and 2016. The growth of the market can be attributed to increased foreign investment in these domestic construction markets, as a result of easing FDI norms and requirements for better public and industrial infrastructure. Indian plastics industry is emerging as one of the fastest growing global markets with 12% growth rate. By 2020, plastics consumption of the country is expected to increase from the current 12 million metric tonnes per annum (MMTPA) to 20 MMTPA. The centre of gravity is rapidly shifting to India as the country offers huge opportunities for the global plastics industry. India is the world’s next plastic destination by virtue of both, its sheer size and tremendous growing domestic demand. The industry is likely to play a significant role in helping government to achieve its goal to raise exports to $900 billion by 2020. The export of plastics finished goods is expected to nearly double from $ 7.9 billion currently to $15 billion in next 5 years.
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Electronic Ballast (Choke)

Electronic Ballast is a device which controls the starting voltage and the operating currents of lighting devices built on the principle of electrical gas discharge. It refers to that part of the circuit which limits the flow of current through the lighting device and may vary from being a single resistor to a bigger, complex device. In some fluorescent lighting systems like dimmers, it is also responsible for the controlled flow of electrical energy to heat the lamp electrodes. Electronic ballast is a device that converts power frequency to very high frequency to initialize gas discharge process in Fluorescent Lamp by controlling voltage across the lamp and current through the lamp. It operates in low supply voltage. It produces high frequency to give very high output voltage initially to start up the discharge process.
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D-Phenylglycine

Phenylglycine is the organic compound with the formula C6H5CH (NH2) CO2H. It is a non-proteinogenic alpha amino acid related to alanine, but with a phenyl group in place of methyl. It is a white solid. The compound exhibits some biological activity.
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Micro Irrigation System

Micro-irrigation, also called localised irrigation, low volume irrigation, low-flow irrigation, or trickle irrigation is an irrigation method with lower pressure and flow than a traditional sprinkler system. Low volume irrigation is used in agriculture for row crops, orchards, and vineyards. It is also used in horticulture in wholesale nurseries, in landscaping for civic, commercial, and private landscapes and gardens, and in the science and practice of restoration ecology and environmental remediation. Micro irrigation refers to a family of irrigation systems that apply water through small devices. Micro-irrigation refers to low-pressure irrigation systems that sprinkle, spray or drip water. These devices supply water onto the surface of soil that is near the plant or below the soil surface directly into the plant root region. Advantages of Micro Irrigation Systems: More crop for every drop, early maturity, better quality & higher yield. Ideal for terrain with problematic soils & water. Saves labor cost. Yield increase up to 230%. Saves water up to 70%. Successfully working on more than 40 crops covering over 600 thousand acres. Micro irrigation is the application of water to the soil or crops in an artificial way such as per the requirement of crop to fulfill the water needs and cumulative water use of plant or evapotranspiration need of the plant in the form of droplets or sprinkles like rain fall. The global micro irrigation systems market is teeming with opportunities to provide a sustainable irrigation solution for agricultural crop in water scarce regions. Agrarian economies of Asia Pacific and Africa face challenges of long spell of droughts and climatic uncertainties that require reliable man-made irrigation methods to prevent huge losses of agricultural crop. Micro Irrigation Systems Market is expected to garner $8,321 million by 2022, registering a CAGR of 16.6% during the forecast period 2016 - 2022. Irrigation involves provision of water to dry land for crop cultivation. The micro-irrigation process supplies water at frequent intervals above and below the soils surface. Micro-irrigation systems are generally low- or medium-pressure systems that deliver water in the form of sprinkles, spray, mist, drip, and jet.
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BOPP Films

BOPP films (Biaxially Oriented PolyPropylene Films) are produced by stretching polypropylene film in both machine direction and transverse direction. BOPP film is used in vast range of applications comprising packaging, labeling and lamination. BOPP Films are preferred substrate for food packaging globally because of its inherent moisture barrier properties, seal ability, high clarity and graphic reproduction and shelf appeal, best possibilities of the pack being a mono layer/homogeneous structure. For food packaging, it is prominently used as co-extruded heat sealable reverse printable film. BOPP, Biaxially-Oriented Polypropylene, is a film that is made of polypropylene that has been “biaxially oriented” meaning that the film has been stretched in two different directions. The film is usually a multilayer film that relates to three-layer structures: One thick layer of polypropylene sandwiched between two thin layers of polypropylene. BOPP films have become more popular in the world market because of its unusual combination of properties: The global packaging industry is moving towards a new trend and players are replacing cellophane, waxing paper, and aluminum foils with BOPP films. This trend is expected to gain traction in the coming years owing to the fact that BOPP films are more flexible and also facilitate faster packaging with advanced sealing properties as compared to other packaging materials. This has impelled manufacturers to come up with new techniques pertaining to the production of BOPP films in order to cater to the demand of various industries. The growing demand for innovative and novel packaging options is a noteworthy trend that is envisioned to open a plethora of growth prospects for the global BOPP films for packaging market. The global packaging industry is moving towards a new trend and players are replacing cellophane, waxing paper, and aluminum foils with BOPP films. This trend is expected to gain traction in the coming years owing to the fact that BOPP films are more flexible and also facilitate faster packaging with advanced sealing properties as compared to other packaging materials. This has impelled manufacturers to come up with new techniques pertaining to the production of BOPP films in order to cater to the demand of various industries. The global BOPP films for packaging market is expected to witness a CAGR of 6.0% from 2017 to 2025. In 2017, the market was worth US$ 13,669.4 Mn and is expected to touch a valuation of US$ 21,736.5 Mn by the end of 2025.
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Veterinary Medicines (Powder, Tablets & Capsules)

Veterinary medicine, also called veterinary science, medical specialty concerned with the prevention, control, diagnosis, and treatment of diseases affecting the health of domestic and wild animals and with the prevention of transmission of animal diseases to people. Veterinarians ensure a safe food supply for people by monitoring and maintaining the health of food-producing animals. Veterinary medicine is widely practiced, both with and without professional supervision. Veterinary medicine, which deals with prevention, diagnosis, and treatment of diseases, disorder, and injury in animals. Veterinary medicine is widely practiced worldwide due to increasing number of pet adoptions, rising veterinary expenditure, increasing number of veterinary professionals, and rising demand for pet insurance. The India Veterinary Healthcare market is expected to register a CAGR of around 10% during the forecast period, 2018 to 2023. Veterinary medicines are associated with treatment, diagnosis, and prevention of diseases among animals. It covers a variety of animal species, both, in domestic and wild. The global market for veterinary drugs has been categorized on the basis of geography into North America, Latin America, the Middle East and Africa, Asia Pacific, and Europe. Among these, North America is projected to experience a high growth in the next few years. As per the research study, this region led the global market in the last few years and is predicted to remain in the similar position throughout the forecast period. Furthermore, Europe is anticipated to experience a healthy growth in the next few years. Furthermore, the rising incidence of infectious disease among animals is expected to enhance the growth of the veterinary drugs market in Latin America and Asia Pacific. The rising popularity of a variety of companion animals and the growing demand for several meat products are considered as the key factors that are anticipated to encourage the growth of the global veterinary drugs market in the next few years. In addition to this, the growing disposable income of consumers, especially in developing economies has further allowed a significant rise in the expenditure on animal care, which is likely to accelerate the growth of the overall market in the near future.
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Steel Drums and Barrels

Steel drums are used for storage and transportation of both hazardous and non-hazardous materials such as chemicals, coatings, paints and oil, etc. Steel drums are prepared by the process of roll forming, then welded by the electric resistance welding method, and lastly coated and painted. Recyclability, compactness, and excellent performance in a wide range of temperature are the main reasons why steel drums are preferred over alternatives like fiber and plastic drums. The two main categories of steel drums are tight-head steel drums and open-head steel drums. The global steel drums market is estimated to grow at a CAGR of 5.4% during the forecast period – 2018-2027. The Asia Pacific steel drums market is expected to remain in the foremost position, during the forecast period. Steel drums continue to be a feasible option for storing and transporting chemicals, lubricants, flammable & combustible materials and more due to their fire resistant properties. Steel drums prove to be a reliable solution to the bulk packaging needs. These properties are anticipated to further propel the demand for steel drums in the global steel drums market during the forecast period.
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Activated Alumina Balls

Alumina balls, composed of greater than 99% sintered alpha-alumina with very low impurity levels, are essentially inert in most chemical environments. Activated alumina is manufactured from aluminium hydroxide by dehydroxylating it in a way that produces a highly porous material; this material can have a surface area significantly over 200 m²/g. Activated alumina ball is used for a wide range of adsorbent & catalyst application. Activated alumina balls grade is used in PET Drying, Polyester Chips Drying, manufacturing process of hydrogen peroxide. Activated Alumina Ball is a selective adsorbent for removal of impurities like arsenics and fluoride from drinking water. Activated Alumina Balls grade is used for drying of air, gases, and liquids. Purification and conditioning of insulating oil and Industrial oils. Activated alumina balls are aluminium oxide based compounds which are highly porous in nature with a significantly high surface-area-to-weight ratio. With the latest technology, they can easily attain their high quality properties like adsorption, mechanical strength, pore volume and surface area. The striking features of this adsorbent are its non-corrosive nature, resistance to softening and swelling, abrasion resistant, shrink proof, low resistance to gas proof, etc. An assortment of activated alumina is available in the market, which includes adsorbent, desiccant and activated alumina for chromatography. The extensive use of activated alumina ball for a wide range of catalyst-based applications coupled with its ability to act as an adsorbent will fuel this market’s growth during the forecast period. Activated alumina will be used for the removal of impurities such as fluoride and arsenic from drinking water and can also be used for the drying of liquids, air, and gasses. Also, these will be used in the purification and conditioning of insulating oil and industrial oils as its chemical and physical structure is very stable at higher temperatures. The global activated alumina market is expected to reach USD 1.32 billion by 2025. Increasing demand from key end-use industries, including water treatment and oil & gas, is a key factor driving the growth of activated alumina market growth. In addition, robust growth of the healthcare industry in North America is further fueling the demand over the forecast period.
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Automatic Ignition Coil

Ignition coil (also called a spark coil) is an induction coil in an automobile's ignition system that transforms the battery's low voltage to the thousands of volts needed to create an electric spark in the spark plugs to ignite the fuel. The global Automotive Ignition Coil Market accounted for $2.35 billion in 2016 and expected to grow at a CAGR of 5.2% to reach $3.19 billion by 2022. Factors such as rising automotive production, per capita income growth, stringent fuel efficiency and emission norms and demand for advanced ignition coils are driving the market growth. Globally, there is an increased emphasis on sustainability and support for lower fuel consumption along with lower emissions, in order to protect the environment and curb air pollution. Hence, automotive market players are innovating and developing new ways to enhance the overall efficiency of the automobiles. Keeping these points in mind, and owing to the requirement for higher ignition voltage coupled with restricted space in the engine compartment, there are increasing novel demands for modern ignition coils. In addition, the mixture of air and fuel must be ignited at the right time with optimum ignition energy so that fuel present in the engine is combusted completely. For the same reason, there is an increased adoption of advanced ignition coils that meet these stringent criteria. This in turn is driving the demand in the overall market for advanced ignition coils and thereby creating a positive impact on the global automotive ignition coil market.
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Tomato Paste Packaging Industry

Tomato Paste Packaging Industry. Profitable Business Opportunities in Packaged Tomato Paste. Packaging of Tomato Paste Tomato is one of the most important food crops in India. It grows in almost every state of the country. Some of the major producing states are Bihar, Karnataka, Uttar Pradesh, Orissa, Andhra Pradesh, Maharashtra, Madhya Pradesh and West Bengal. Tomato is a rich source of vitamins A, C, potassium, minerals, and fibers. Tomatoes are used in the preparation of soup, salad, pickles, ketchup, puree, sauces and also consumed as a vegetable in many other ways. Tomato paste is a concentrated long shelf life product used as an important food ingredient worldwide. Tomato paste is prepared by removing skin, pulp of tomatoes to create tomato juice which is then concentrated generally by evaporation method in order to obtain a thick paste. Increasing demand for organic tomato paste is expected to drive the global market revenues of tomatoes in the coming years. The global tomato paste market is segmented into, product type, packaging type, area of application, sales channels and by region. By packaging-type the global tomato paste market is segmented into, cans, carton packaging, bottles and pouches. Cans are the preferred packaging solution for tomato paste due to its convenient packing and to an increase in its shelf life. Tomato paste market is expected to witness significant market growth during the forecast period owing to its widespread application in food industry. Tomato Processing Market: Advantages of Tomato Processing • Protection against spoilage • Long shelf life • Add value • Availability • Easy transportation • Profitability • Lower of season cost • Easy to store • Convenience • Safety The global tomato processing market has experienced a healthy growth over the past several years. This can be accredited to the changing lifestyle and increasing spending power of the consumers coupled with the innovative product packaging. The growing preference for fast food, especially by the young generation, has resulted in the increasing demand for processed tomato products such as ketchup and sauces. This is further expected to spur the growth of the tomato processing market across the globe. The global tomato processing market reached a volume of around 34 Million Tons in 2016. A number of factors are currently driving the growth of this market. These include changing food habits, rising incomes, urbanisation, emerging markets, growing consumption of fast foods especially by youngsters, etc. On the basis of product type, the market is segmented into sauces, pastes, canned tomatoes, ketchups and juices. Currently, sauces account for nearly a third of the total processed tomato consumption, representing the most popular product type. Due to increasing standards of living in the cities and the rapid urbanization in the rural areas, the demand for ready-to-eat items is also growing. Additionally, the changing food habits including the growing fast food industry has created a boost in the demand for processed tomato items. Another aspect is modern packaging technology. Basically, the Multi-layer- Flexible plastic packaging, Tetrapack, and Brick packing have a tremendous impact on the growth of the processed tomato market. This type packaging allows distributing tomato products to wide, distant and remote areas. In addition, it allows storing the products at room temperature for a period of more than 4 months. Packaging of Tomato Paste The packaging and storage of tomato paste must not only function to contain the produce but more importantly to serve as an effective handling unit and protect the product from mechanical and other causes of damage. Other functions of the packaging container are to identify its contents and promote their sale. Different containers and packaging materials are used in handling and transportation of tomato paste. Today, consumers are facing new socio-economic challenges and food-related factors, which tend to favor service quality; thus, packaging plays an important role in bringing tomato products to the ultimate user. New packaging systems and materials and environmental concerns are some innovations in the packaging sector of tomato paste. These innovations must provide greater convenience to consumers and extend the shelf-life of tomato paste. Tags #Tomato_Paste_Production, #Tomato_Paste_Packaging, #Production_of_Tomato_Paste, #Tomato_Paste, #Packaging_and_Storage_of_Tomato_Paste, How to Make Tomato Paste, #Tomato_Processing_and_Paste_Manufacturing_Unit, Tomato Processing Plant, Tomato Paste Processing Pdf, Tomato Paste Making Process, Manufacture of Tomato Paste, Tomato Processing Plant Layout, #How_to_Start_a_Tomato_Paste_Production, Tomato Paste and Processed Tomato, Tomato Products, Packaging of Tomato Paste, Profitable Tomato Processing Business Opportunities, Tomato Processing Business Plan, Tomato Processing Plant, Tomato Paste Packing, Tomato Paste Packaging Materials, Tomato Paste Production Business, Tomato Paste Manufacture, Tomato Paste Packing Factory, Processing and Packaging of Tomato Paste, Packing of Tomato Paste, Product Packaging for Tomato Paste, Tomato Paste Processing and Packaging Plant, Tomato Processing and Tomato Based Products, Tomato Paste Production, Food Processing Industry, Tomato Processing Industry, Tomato Paste Processing, How to Start a Tomato Processing Plant, Cost of Setting up a Tomato Processing Business, By-Product from Tomato Processing Industry, Tomato Processing By-Products, Tomato Based Products, Tomato Processing and Value Added Products from Tomato, Value Addition in Tomato Production, Tomato Value Added Products, Value Added Products from Tomato, #Project_Report_on_Tomato_Paste_Packing_Industry, Detailed Project Report on Tomato Paste Production, Project Report on Tomato Processing and Value Added Products from Tomato, Pre-Investment Feasibility Study on Tomato Paste Packaging, Techno-Economic feasibility study on Tomato Paste Packaging, #Feasibility_report_on_Tomato_Paste_Packaging, Free Project Profile on Tomato Paste Packaging, #Project_profile_on_Tomato_Processing_and_Value_Added_Products_from_Tomato, #Download_free_project_profile_on_Tomato_Paste_Packing_Business
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