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

Steel industry: Project Opportunities in Karnataka

 

PROFILE:

Steel Industry is a booming industry in the whole world. The increasing demand for it was mainly generated by the development projects that have been going on along the world, especially the infrastructural works and real estate projects that has been on the boom around the developing countries. India’s economic growth is contingent upon the growth of the Indian steel industry. Consumption of steel is taken to be an indicator of economic development. While steel continues to have a stronghold in traditional sectors such as construction, housing and ground transportation, special steels are increasingly used in engineering industries such as power generation, petrochemicals and fertilisers. India occupies a central position on the global steel map, with the establishment of new state-of-the-art steel mills, acquisition of global scale capacities by players, continuous modernisation and up gradation of older plants, improving energy efficiency and backward integration into global raw material sources.

RESOURCES:

Karnataka is the 3rd largest producer of steel in India with a current production level of 10.70 Million Tons per annum. Both alloy and non-alloy steel are produced and the product range includes basic steels like pig iron and sponge iron, ingot, blooms, billets, slabs, finished products like long products CTD & TMT (bars & rods), wire rod, sections, bright bars, CR/HR coils. The export of steel from Karnataka is around 0.96 Million Tons.

It is one among 6 major steel producing states. Karnataka is the 2nd largest in the country in terms of iron ore reserves and largest exporter of iron ore in the country. Hence, it can share more than 40% of the steel demand in India which is estimated as 124 million tons by 2011-12 and 50% of the exports of finished steel products. Based on this estimate, Karnataka can host a manufacturing steel base for more than 100 million tons capacity per annum.

GOVERNMENT POLICIES:

Under the new industrial policy, iron and steel has been made one of the high priority industries. Price and distribution controls have been removed  as well as foreign direct investment up to 100% (under automatic route) has been permitted.  The Trade Policy has also been liberalized and import and export of iron and steel is freely allowed with no quantitative restrictions on import of iron and steel items. Tariffs on various items of iron and steel have drastically come down since 1991-92 levels and the government is committed to bring them down to the international levels.  With the abolishing of price regulation of iron and steel in 92, the steel prices are market determined. The policy devises a multi-pronged strategy to achieve these targets with following focus areas; removal of supply constraints especially availability  of critical inputs like iron ore; improve cost competitiveness by expanding and strengthening the infrastructure in roads, railways, ports and power; increase exports; meet the additional capital requirements by mobilizing financial resources; promote investments by removing  procedural delays. In addition the policy also addresses challenges arising out of environmental concerns, human resource requirements, R&D, volatile steel prices and the secondary sector. 

 

Food processing: Project Opportunities in Karnataka

 

PROFILE:

India is the world's second largest producer of food next to China, and has the potential of being the biggest with the food and agricultural sector. The Indian food processing industry stands at $135 billion and is estimated to grow with a CAGR of 10 per cent to reach $200 billion by 2015. The food processing industry in India is witnessing rapid growth. In addition to the demand side, there are changes happening on the supply side with the growth in organised retail, increasing FDI in food processing and introduction of new products. India's food processing sector covers fruit and vegetables; meat and poultry; milk and milk products, alcoholic beverages, fisheries, plantation, grain processing and other consumer product groups like confectionery, chocolates and cocoa products, Soya-based products, mineral water, high protein foods etc.

 

RESOURCES:

Karnataka is poised to become the leading food processing hub in India. Clearly, the food processing industry is on the threshold of demand-led growth in the country and within the state of Karnataka. It says Karnataka boasts of specific supply strengths, giving the state a comparative advantage to become a leading food processing hub of the country. With 10 agro-climatic zones and land topography highly suitable for agriculture, Karnataka is one of the most agriculturally diverse states in India. It is estimated that about 83 per cent of the geographic area of the state is suitable for agriculture, of which 64.60 per cent is under agricultural cultivation. Consequently, Karnataka is the largest producer of ragi, sunflower, tomato, coffee and arecanut and the second largest producer of maize, safflower, grapes, pomegranate and onion. The state is also the largest producer of spices, aromatic and medicinal plants in the country. In addition, the state has a wealth of livestock and marine resources that augur well for processing of dairy, meat, fish and shrimp. Karnataka, the report points out, also takes pride in having a strong and expanding infrastructure base for setting up food processing facilities in the state.

GOVERNMENT POLICIES:

The promotion of Agro-based industries is among the priorities of the State Government. The state has assured supply of fruits & vegetables grown by applying scientific techniques, investment in post harvest and good transport infrastructure. The National Horticulture Mission (NHM) in the Jharkhand State was launched in late 2005-06 initially in 10 districts with main focus on production of planting materials, vegetable seed production, establishment of new gardens, creation of water resources etc. Establishment of new gardens include perennial and non perennial fruits, spices, floriculture, aromatic and medicinal plants. This scheme was 100 % sponsored by Central Govt. during 2005-06 and 2006-07 (Xth Five Year Plan). However, during 2007-08 and onwards (XIth Five Year Plan) this scheme has been implemented in 15 districts with the pattern of assistance as 85:15 by Central Govt. and State Govt. respectively. The Jharkhand government has decided to set up a food park to kick off the development of the food processing sector in the state and attract investors. In general very few small scale food processing industries are present in the state.

Textile: Project Opportunities in Karnataka

 

PROFILE:

The textile industry is primarily concerned with the production of yarn, and cloth and the subsequent design or manufacture of clothing and their distribution. The raw material may be natural or synthetic using products of the chemical industry. India Textile Industry is one of the leading textile industries in the world. Though was predominantly unorganized industry even a few years back, but the scenario started changing after the economic liberalization of Indian economy in 1991. The opening up of economy gave the much-needed thrust to the Indian textile industry, which has now successfully become one of the largest in the world

RESOURCES:

In Karnataka, the Textile Industry occupies a unique position in the economy of the state in terms of its contribution to industrial production, employment and exports. The textile sector contributes 0.50% of the GDP of the State. Karnataka under its Textile Policy of 2008-13 has planned to get investment worth Rs 9000 crore. Forty percent of such investments are planned to be directed towards the garment industry. The Karnataka government will establish fashion hubs and assist in market development and brand building. Specific incentives are also provided, like entry tax reimbursement, stamp duty reimbursement, up to 25% waiver on land acquisition charges, subsidy on power and capacity building support.

 

 

GOVERNMENT POLICIES:

The Ministry of Textiles in India has formulated numerous policies and schemes for the development of the textile industry in India. The government of India has been following a policy of promoting and encouraging the handloom sector through a number of programmes. Most of the schematic interventions of the government of India in the ninth and tenth plan period have been through the state agencies and co-operative societies in the handloom industries. Some of the major acts relating to textile industry include: Central Silk Board Act, 1948, The Textiles Committee Act, 1963, The Handlooms Act, 1985, Cotton Control Order, 1986, The Textile Undertakings Act, 1995Government of India is earnestly trying to provide all the relevant facilities for the textile industry to utilize its full potential and achieve the target. The textile industry is presently experiencing an average annual growth rate of 9-10% and is expected to grow at a rate of 16% in value, which will eventually reach the target of US $ 115 billion by 2012. The clothing and apparel sector are expected to grow at a rate of 21 %t in value terms.

 

Biotechnology: Project Opportunities in Karnataka

PROFILE:

The Biotechnology sector in India is one of the fastest growing sectors of the Indian Economy. As the sector is mainly based on knowledge, it is expected that it will play an important part in shaping the Indian Economy, which is developing at a rapid pace. The Indian Biotechnology sector holds immense potential in terms of research and development, skill and cost effectiveness.

RESOURCES:

Karnataka has successfully attracted the BioTech industry. Bengaluru, Karnataka is the capital for Biotech clusters in the country. Bangalore currently houses 92 of India's 180 biotech companies, with total actual investments of over Rs 1,000 crore, of which Rs 140 crore has been venture capital funding. The companies are encouraged to invest thanks to the presence of large R&D institutions like Indian Institute of Science and the National Centre for Biological Resources. However, it is sure to face a lot of competition from media savvy Hyderabad. Bangalore Helix is a biotech cluster being planned by the Karnataka government. Bangalore Helix would support biotech units with common infrastructure. It would comprise eight biotech incubators, covering a total area of 10,000 square feet. Excluding the cost of land (around Rs 60 crore) that has already been acquired, the cluster will involve an investment of Rs 100 crore. The infrastructure support would be comprehensive, right from advance computing facilities to treated water necessary for biotech infrastructure services.

GOVERNMENT POLICIES:

·         The Karnataka government has announced a biotech policy to promote this sector and is setting up an institute for bioinformatics in Banglore.

• In addition the state government is also creating a biotechnology fund that will have inflows from the biotech companies. This could be used for incubation of new projects and promotion of the sector in the state.

• Karnataka government is putting in Rs. 50 million and an equal amount is being brought by ICICI to develop the institute if bioinformatics in Banglore. Karnataka has planned to launch India's first state sponsored biotechnology venture capital fund to boost their initiatives.

·         Three 'biotech parks' are emerging in the state , namely 'university of Agricultural Sciences, Banglore; 'Institute of Agri-biotech in Dharwad ; and Institute of Biotechnology in Karwar.

 

 

 

Automobile: Project Opportunities in Karnataka

 

PROFILE:

The automotive industry in India is one of the largest in the world and one of the fastest growing globally. India's passenger car and commercial vehicle manufacturing industry is the seventh largest in the world, with an annual production of more than 3.7 million units in 2010. Automotive industry is the key driver of any growing economy. It plays a pivotal role in country's rapid economic and industrial development. It caters to the requirement of equipment for basic industries like steel, non-ferrous metals, fertilisers, refineries, petrochemicals, shipping, textiles, plastics, glass, rubber, capital equipments, logistics, paper, cement, sugar, etc. It facilitates the improvement in various infrastructure facilities like power, rail and road transport. Due to its deep forward and backward linkages with almost every segment of the economy, the industry has a strong and positive multiplier effect and thus propels progress of a nation. The automotive industry comprises of the automobile and the auto component sectors.

RESOURCES:

Auto industry is the second fastest growing sector in Karnataka, the automobile and auto component sector has maintained a 15 per cent growth in Karnataka. There is a huge potential of development in the sector of automobiles in Karnataka. The component industry caters to the OEMs (all kinds of automobiles like trucks, cars, SUVs, LCVs, buses, two-wheelers, tractors etc.,) and exports. Termed a priority sector, auto and auto parts hold the key to economic growth of the state.

GOVERNMENT POLICIES:

Government brought out a very innovative Policy "Ultra Mega Policy for Integrated Automobile Projects" that offers a very attractive package of support to automobile projects investing more than Rs.4000 Crores. As a result of this Policy, since May 2006, investments attracted by Tamil Nadu is automobiles & components manufacturing is Rs.21900 Crores, almost 5 times of the Investments attracted during previous 15 years (May 1991-April 2006). The total employment potential in these new projects is: 1.20 lakhs (direct + Indirect). Govt of India is currently implementing a project "National Automotive Testing R&D Infrastructure Project" (NATRIP) in Oragdam near Chennai at a project cost of about Rs.450 Crores. This project aims at facilitating introduction of world-class automotive safety, emission and performance standards in India as also ensure seamless integration of our automotive industry with the global industry.

 

 

Mineral: Project Opportunities in Karnataka

 

PROFILE:

Minerals are valuable natural resources being finite and non-renewable. They constitute the vital raw materials for many basic industries and are a major resource for development. Management of mineral resources has, therefore, to be closely integrated with the overall strategy of development; and exploitation of minerals is to be guided by long-term national goals and perspectives. Ministry of Mines is responsible for survey and exploration of all minerals, other than natural gases, petroleum and atomic minerals, for mining and metallurgy of non-ferrous metals like aluminium, copper, zinc, lead, gold, nickel, etc. and for administration of the Mines and Minerals (Regulation and Development) Act, 1957 in respect of all mines and minerals other than coal, natural gas and petroleum.

 

RESOURCES:

Karnataka is rich in its mineral wealth which is distributed fairly evenly across the state. Karnataka's Geological Survey department started in 1880 is one of the oldest in the country. Rich deposits of asbestos, bauxite, chromite, dolomite, gold, iron ore, kaolin, limestone, magnesite, Manganese, ochre, quartz and silica sand are found in the state. Karnataka is also a major producer of felsite, moulding sand (63%) and fuchsite quartzite (57%) in the country.

Karnataka has two major centers of gold mining in the state at Kolar and Raichur. These mines produce about 3000 kg of gold per annum which accounts for almost 84% of the country's production. Karnataka has very rich deposits of high grade iron and manganese ores to the tune of 1,000 million tonnes. Most of the iron ores are concentrated around the Bellary-Hospet region. Karnataka with a granite rock spread of over 4200 km² is also famous for its Ornamental Granites with different hues.

 

GOVERNMENT POLICIES:

The  role to be played by the Central and State Governments in  regard  to  mineral  development has  been  extensively  dealt in  the  Mines  and Minerals (Development and Regulation)  Act, 1957  and Rules  made under the Act by  the  Central  Government and  the  State  Governments in their  respective  domains.   The provisions  of  the  Act  and the Rules  will  be  reviewed  and  harmonised  with  the basic features of the new  National Mineral  Policy.  In future the core functions of the State in mining will be facilitation and regulation of exploration and mining activities of investors and entrepreneurs, provision of infrastructure and tax collection.  In mining activities, there shall be arms length distance between State agencies (Public Sector Undertakings) that mine and those that regulate.  There shall be transparency and fair play in the reservation of ore bodies to State agencies on such areas where private players are not holding or have not applied for exploration or mining, unless security considerations or specific public interests are involved. Recently, the Union Government after reviewing the current mining sector, mineral development and keeping in view the availability of the valuable finite resource have announced the National Mineral Policy (NMP))- 2010. Research organisations, including the National Mineral Processing Laboratories of the Indian Bureau of Mines should be strengthened for development of processes for beneficiation and mineral and elemental analysis of ores and ore dressing products. There shall be co-operation between and co-ordination among all organisations in public and private sector engaged in this task.

 

Waste management: Project Opportunities in Karnataka

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:

As regards municipal waste on an average 40 to 50 % of the total municipal waste is generated in the sic municipal corporation of Karnataka & more than 70 % of municipal waste is generated by the residential & market areas. The domestic waste generated by households comprises mainly of organic, plastic & paper waste & small quantities of the waste. Plastic & glass are segregated at the household level or by rag pickers and sold. The remaining waste is disposed in community bins, discarded ointments and medicine. In addition about 1 to 2% of biomedical waste also gets mixed with municipal solid waste in the community bins.

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 Wires and Cables

An electrical cable is an assembly of one or more wires running side by side or bundled, which is used to carry electric current. A power cable is an electrical cable, an assembly of one or more electrical conductors, usually held together with an overall sheath. The assembly is used for transmission of electrical power. Power cables may be installed as permanent wiring within buildings, buried in the ground, run overhead, or exposed. Flexible power cables are used for portable devices, mobile tools and machinery. Bangladesh's cable market is growing at 15-20 percent a year thanks to the expansion of power gridlines as the government looks to provide electricity for all by 2021. In 2017, the cable manufacturing industry was worth about Tk 6,000 crore, up from Tk 2,000 crore 10 years ago, according to Ushamoy Chakma, managing director of Eastern Cables. “The demand for cables is increasing due to the expansion of power grid lines across the country in the last four years,” he said. There are more than 70 cable manufacturers in the market but the market leader is BRB with a 41 percent share, followed by Eastern at 15 percent, BBS at 13 percent, Paradise, Partex and Bizli at 6.5 percent each, and SQ at 5.3 percent.
Plant capacity: PVC Coated Copper Wires (100 Mtrs Rolls):33,784 Nos. per annum PVC Coated Aluminium Wires (100 Mtrs Rolls):44,444 Nos. per annumPlant & machinery: 195 Lakh
Working capital: -T.C.I: Cost of Project:1568 Lakh
Return: 32.00%Break even: 41.00%
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Disposable Plates from Banana Leaves

Disposable containers are products that are a part of day-to-day life. Disposable items like cups, plates, saucers are being increasingly used. Such disposables items are made with natural materials like leaf as well as manmade products like paper, biodegradable plastics. Leaf plates, cups have greater hygiene value. Cost-wise also it is cheaper than plastic and other plates. Banana leaves are large, flexible, and waterproof. They impart an aroma to food that is cooked in or served on them; steaming with banana leaves imparts a subtle sweet flavour and aroma to the dish. The leaves are not themselves eaten and are discarded after the contents are consumed. The pneumatic banana leaf cutting machine is used to produce different shapes of leaf spreads in faster production rate. Banana leaf plate making is a state-of-the-art to develop biodegradable and compostable alternatives to petrochemical based plastics and polystyrene. From carrier bags to cling film, plates to cups, medical trays to plant pots, there is a crucial crusade against non-degradable plastics. A biodegradable product is one that's broken down safely and relatively quickly by microbial activity into CO2, Water and Biomass – that's bacteria, moulds and fungi. The global disposable plates market is projected to grow at a CAGR of 5.9% during the assessment period, to reflect a 1.76x increase in value from 2017-2027. Around US$ 3.6 Bn is the global disposable plates market standing in 2017 and it is estimated to reach an evaluation of about US$ 6.4 Bn by 2027. Disposable Tableware Market is segregated by product type as Disposable Plates, Disposable Bowls, Disposable Cups, and others. Disposable Tableware Industry is classified by application as Household, Commercial, and others. Disposable Tableware Market is categorized by end user as Household, School, Restaurant, and others. Among all the end users, it has been noticed that the segment of Restaurant is taking up the largest share in the market the reason being, augmentation in the number of consumers across the globe.
Plant capacity: Disposable Plates from wild banana leaves:1,00,000 Nos per dayPlant & machinery: 6 Lakh
Working capital: -T.C.I: Cost of Project:45 Lakh
Return: 29.00%Break even: 69.00%
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Glass Reinforced Concrete (GRC)

Glass Fiber Reinforced Concrete (GFRC) or (GRC) is a type of fiber reinforced concrete. GRC is a composite material consisting of a mortar of hydraulic cement and fine aggregate reinforced with alkali resistant glass fibres. The GRC is a form of concrete that uses fine sand, cement, polymer (usually an acrylic polymer), water, other admixtures and alkali-resistant glass fibers. The fibre contents are typically 3% to 5% by weight depending on product application and production method employed. GRC is a family of composite materials that combine the high compressive strength properties of cement mortars with significantly increased impact, flexural and tensile strengths imparted by the fibre reinforcement. GRC products are safe, have good chemical resistance and will not rot or corrode. GRC is made of inorganic materials and will not burn, has negligible smoke emission and offers good fire resistance. GRC is normally of relatively thin cross section, giving a low component weight, which allows savings in handling, storage, transportation, and installation compared with traditional concrete products. The GRC or GFRC market was valued at USD 1.83 Billion in 2017 and is projected to reach USD 3.32 Billion by 2023, at a CAGR of 10.5% during the forecast period. Increasing demand for fire & weather resistance, design flexibility, dimensional stability, ease of handling and rapid installation is driving the growth of the GFRC market. The global glass fiber reinforced concrete market (GFRC) is likely to gain significant momentum in the coming years, owing to the rising concerns about environment conservation. GFRC is produced using recycled and low toxicity raw materials including glass fibers, sand, cement, and water. They offer superior mechanical characteristics as compared to traditional building materials such as steel reinforced concrete (SRC).
Plant capacity: 50 MT per dayPlant & machinery: 58 Lakh
Working capital: -T.C.I: Cost of Project:405 Lakh
Return: 29.00%Break even: 67.00%
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Curcumin Extraction Unit

Curcumin is the main biologically active phytochemical compound of Turmeric. It is extracted, concentrated, standardized and researched. Curcumin, which gives the yellow color to turmeric, was first isolated almost two centuries ago, and its structure as diferuloylmethane was determined in 1910. Extensive research within the last half a century has proven that its renowned range of medicinal properties, once associated with Turmeric, is due to Curcumin. Curcumin is a water-soluble orange-yellow coloured powder. Today, India is the primary exporter of turmeric (known as haldi in India). Curcumin is one of three curcuminoids of turmeric. Theother two curcuminoids are demethoxycurcumin and bisdemethoxycurcumin. Curcumin is the main biologically active phytochemical compound of Turmeric. Molecular chemical formula of Curcumin: C21H20O6. Global cancer drugs market has surpassed USD 100 billion valuation in 2015 and may reach nearly USD 145 billion by 2024, with U.S. being the major consumer. U.S. herbal dietary supplements market was over USD 6 billion valuation in 2015, with estimated gains at over 7.5%. Rise in consumer awareness related to over the counter availability owing to favorable government regulations should enhance curcumin demand. India is one of the largest manufacturers of curcumin, contributing to more than 80.0% of the global production, which is on account of presence of large scale turmeric cultivations. Low consumer awareness of curcumin as a healthy ingredient in India results in majority of it being exported to North America and Europe. India dominates the global market for spice oleoresin, which is in big demand from processed food and fragrance industries that now mostly prefer natural colouring and flavouring agents to artificial ones as consumers become increasingly health conscious. Few Indian major players are as under: • Akay Flavours & Aromatics Pvt. Ltd. • Arjuna Natural Extracts Ltd. • Biomax Life Sciences Ltd. • Concert Spices & Exports Ltd. • Enjayes Spices & Chemical Oils Ltd. • Naturite Agro Products Ltd.
Plant capacity: Curcumin Powder:50 Kgs per day Turmeric Oil:20 Kgs per day Deoiled Turmeric:920 Kgs per dayPlant & machinery: 132 Lakh
Working capital: -T.C.I: Cost of Project:319 Lakh
Return: 30.00%Break even: 63.00%
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Compressed Wood Pallets

Presswood pallets, also known as molded wooden pallets, are made of wood byproducts such as waste pallets, raw wood shavings, wood waste, saw-dust and any other material containing wooden fibre. Their unique design means that they can hold substantial load capacities, whilst also being relatively lightweight. They are also both stackable and nestable, helping to reduce storage space and freight costs during shipment. Generally they are made from ‘resinous’ trees (pine, fir, etc.), the chips come directly from logging and sawmills or from the wood recycling industry. This makes this particular type of pallet extremely eco-friendly. Compressed wood pallets are recognized worldwide as complying with ISPM 15 and that the vast majority of countries readily accept the pallets without the need for further treatment. The demand for pallets in India is expected to increase at a Y-o-Y growth rate of 9.3% in 2016 over 2015. The India pallets market is estimated to register a CAGR of 13.9% during the forecast period (2016-2024). These are the major findings of a report titled “Pallets Market: Demand for pallets in India is expected to increase at a significant rate due to the growth of the manufacturing sector in India. Growing demand for safe transportation of products is also likely to propel the growth of the market. Moreover, a rise in the development of the warehousing and logistical structure in India is anticipated to boost pallet usage shortly. Increased demand from the user industry, up-surged economic activity, positive business sentiments and rising investment in the manufacturing and infrastructure facilities are the major growth drivers for global pallet market in the upcoming years. In addition to that, escalating demand from packaging and automobile industry is yet another factor to act as a growth driver for the global pallet market in coming future. The limited availability of raw material and high cost of raw material are the two major challenges for the global pallet market.
Plant capacity: Compressed Wood Pallets (each 15 Kgs):180 Pcs. per dayPlant & machinery: 155 Lakh
Working capital: -T.C.I: Cost of Project:408 Lakh
Return: 25.00%Break even: 67.00%
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IV Fluids (BFS Technology)

In nursing homes and hospital where patients are suffering from acute dehydration or considerable debilitating conditions, the intra venous fluids are used as IV drips. The basic function of IV fluids is to replenish the body fluids. Although there are a number of IV fluids but generally three types of IV fluids are used in hospitals as IV drips. Intravenous fluids are fluids which are intended to be administered to a patient intravenously, directly through the circulatory system. These fluids must be sterile to protect patients from injury, and there are a number of different types available for use. Many companies manufacture packaged intravenous fluids, as well as products which can be mixed with sterile water to prepare a solution for intravenous administration. Fluids are given when someone's body fluid volume falls. There are a number of things which can cause a drop in fluid volume. Vomiting and diarrhea are a classic example, which is why people are encouraged to drink fluids when they are sick, to keep their fluid volume stable. The market for Intravenous (IV) Solution is expected to reach USD 11,511.2 million by 2022 and is expected to grow at a CAGR of 7.69% during the forecast period 2016-2022. Intravenous (IV) solutions are fluids which are intended to be administered to a patient directly into the venous circulation. These fluids are sterile fluids which protects patients at the time of serious dehydration. There are various type of IV solutions available for use in the market. Many companies manufactures packaged intravenous fluids or products or compounds which can be mixed with sterile water to prepare a solution for intravenous administration. The global Intravenous (IV) solutions market was valued at USD 6.9 billion in 2015 and is projected to grow at a CAGR of 7.8% over the forecast period. The emergence of this market is attributed to the fast growing geriatric population and prevalence of malnutrition in the elderly and pediatric population. ? Few Indian major players are as under: • Abaris Healthcare Pvt. Ltd. • Ahlcon Parenterals (India) Ltd. • Axa Parenterals Ltd. • Infutec Healthcare Ltd. • Kokad Pharmaceutical Laboratories Ltd. • Parenteral Surgicals Ltd. • Pharmazell (India) Pvt. Ltd.
Plant capacity: IV Fluids (500 ml Size Pack):55,000 Packs per day IV Fluids (200 ml Size Pack):65,000 Packs per dayPlant & machinery: 2543 Lakh
Working capital: -T.C.I: Cost of Project:3277 Lakh
Return: 28.00%Break even: 42.00%
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Production of Organic Fertilizer from Solid Waste.

Production of Organic Fertilizer from Solid Waste. Recycling of Solid Wastes into Organic Manure. Organic fertilizers are those sourced from natural substances which includes plants, mineral or animal sources. Unlike the traditional chemical fertilizers, natural fertilizers need to arise naturally. The organic fertilizers vary based totally at the nutrient necessities for the firm, however in maximum cases, the organic fertilizers are constituted of a single ingredient. The biological process and ingredient price of organic fertilizers doesn’t give immediate fix compared to the chemical fertilizers. Instead, they slowly break down by the action of organisms and biological processes so as for the plants to amass the nutrients whereas at identical time learning and rejuvenating the soil. Organic fertilizers are therefore eco-friendly and that’s why they are preferred in organic and healthy farming. The chief examples of organic fertilizers include fish extracts, plant waste from agriculture, animal waste, treated sewage sludge, and peat. Related Project: - Fertilizers, Fertilisers, Inorganic Fertilizers (Mineral Fertilizer) Type of Organic Fertilizer from Solid Waste:- ? Manure ? Bone meal ? Blood meal ? Shellfish fertilizer ? Seabird guano ? Bat Guano ? Fish emulsion ? Greensand ? Rock phosphate Organic fertilizers may be powders, liquids, or solids, with every applied otherwise. Some organic fertilizers are manure or guano-based, victimization faucal matter from placental, worms, bats, and seabirds. Bagged organic compost contains a mixture of organic ingredients as well as manure, food scraps, and mold. Hunt for alternative organic fertilizers as well as feed, bone meal, shellfish plant food, or fish emulsion. Organic Fertilizers comes from animal sources, either as slaughter byproducts or livestock manures. For example Blood, feather and fish meals serve as sources of natural Nitrogen. On the other side, Blood meal provides the highest Nitrogen level at 12% among different Types of Organic Fertilizers. Bone meal contains 12 percent phosphorus. Animal excreta also enrich the soil with nutrients, including Nitrogen, Phosphorus and Potassium. However, it may be noted use of raw manure as Types of Organic Fertilizers can damage plant roots, lower pH, pollute surface and ground water. An organic fertilizer refers to a soil amendment derived from herbal assets that guarantees, at least, the minimal percentages of nitrogen, phosphate, and potash. Virtually any organic material may be used as a fertilizer however, substances vary considerably in the concentration of plant vitamins they contain and the fee which these nutrients are launched for the plant use. Related Books: - Biofertilizer, Biofertiliser, Biogas, Organic Farming, Vermicompost, Vermiculture, Biotechnology Uses:- ? It is also possible to over-apply organic fertilizers. However: their nutrient content, their solubility, and their release rates are typically much lower than chemical fertilizers, partially because by their nature, most organic fertilizers also provide increased physical and biological storage mechanisms to soils. ? On-Farm preparation and production ? Enhanced soil fertility and improved soil texture, drainage and aeration ? Non-toxic food products ? The use of organic fertilizer in farming implies the use of local animal and plant products or waste. These materials for preparing and producing fertilizer are readily and locally available on the farm which does not require the farmer to invest in expensive fertilizer like the chemical ones. Advantages of using organic fertilizers • Soil structure • Hydraulic conductivity • Field capacity • Reduced erosion • Non-toxic food • On farm production • Low capital investment • Employment • Fertility of the soil • Safe environment Market Outlook:- Global organic fertilizer market stood at $ 5.9 billion in 2017, to reach around $ 10 billion by 2023, on the back of favorable government policies, rapidly expanding agricultural land under organic farming, and increasing sales of organic food products. Moreover, deteriorating soil fertility due to the use of synthetic pesticides, growing awareness among the consumers regarding the benefits of organic fertilizers over chemical fertilizers, and increasing awareness among farmers and cultivators towards eco-friendly fertilizers are some of the other factors that would steer demand for organic fertilizers across the globe in the coming years. Organic fertilizers are crafted from vegetable matter, animal manure, human manure and animal matter. Organic fertilizers increase the soil, plants and it also benefits the insects. These fertilizers are sustainable, perishable and surroundings friendly. Farmers are adopting natural fertilizers because of their low value and wholesome long lasting impact on soil. Apart from performing as a fertilizer to the vegetation, organic fertilizer also conditions the soil. Organic food industry has witnessed augmented demand for organic foods among consumers in recent years. This can be attributed to various benefits of organic farming such as safety from pesticides and chemicals. This rising demand for organic foods is fostering the growth of global organic fertilizers market. Application method ? Cereals & Grains ? Oilseeds & Pulses ? Fruits & Vegetables ? Organic materials can be broadcast on the surface and tilled or watered into soil, or applied in a narrow band on or beneath the surface. ? Two main types of broadcast applicators are available: the drop spreader and the rotary spreader ? Others Key Players:- Agro Extracts Ltd. Fertilisers & Chemicals, Travancore Ltd. Good Value Mktg. Co. Ltd. Jupiter Biotech Ltd. Madras Fertilizers Ltd. Nava Bharath Fertilizers Ltd. Navkisan Bio Plaantec Ltd. Vrundavan Agro Inds. Ltd. Tags:- #projectreport #DetailedProjectReport #businessconsultant #businessfeasibilityreport #BusinessPlan #organicfertilizer #soilimprover #organic #solidwaste #recycling #organicmanure #vermicompost #organicfertilizers #StartupProject #startyourbusiness #startupidea #entrepreneur #startyourjourney
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Production of Synthetic Camphor

Production of Synthetic Camphor. Profitable Investment in Synthetic Camphor Industry Synthetic Camphor is used in the manufacture of cellulose nitrate, polyvinyl chloride and plastics. It can also serve as medicine, antiseptic, insecticide, etc. It can be used as an ingredient in smokeless powder, as a stabilizer and a moderator to improve ballistic properties. Synthetic camphor is used within the manufacture of cellulose nitrate, polyvinyl chloride and plastics. It can even function medicine, antiseptic, pesticide, etc. It will be used as an ingredient in smokeless powder, as a stabilizer and a moderator to boost ballistic properties. Camphor, a white crystalline powder with a characteristic penetrating pungent and aromatic odor, is soluble in alcohol and found in camphor oil of camphor tree. Synthetic Camphor is extracted from Alpha-Pinene of Turpentine, then make a conversion Alpha-Pinene into Camphene, esterified to Bornyl acetate. Continue making saponification to Isobornyl, final oxidizing to Synthetic Camphor. Camphor is a waxy, flammable, transparent solid with a strong aroma. It is a terpenoid with the chemical formula C10H16O. It is found in the wood of the camphor laurel a large evergreen tree found in Asia and also of the unrelated kapur tree, a tall timber tree from the same region. It also occurs in some other related trees in the laurel family, notably Ocotea usambarensis. Rosemary leaves contain 0.05 to 0.5% camphor, while camphorweed only contains some 5%.Camphor can also be synthetically produced from oil of turpentine. It is used for its scent, as an ingredient in cooking, as an embalming fluid, for medicinal purposes, and in religious ceremonies. A major source of camphor in Asia is camphor basil. Camphor could be a waxy, flammable, clear solid with a robust aroma. It’s a terpenoid with the formula C10H16O. It’s found within the wood of the camphor laurel an oversized evergreen tree found in Asia and additionally of the unrelated kapur tree, a tall timber tree from the same region. It additionally occurs in another connected trees within the magnoliid dicot family, notably Ocotea usambarensis. Rosemary leaves contain zero.05 to 0.5% camphor, whereas turpentine camphor weed only contains some 5%.Camphor may also be synthetically created from oil of turpentine. It’s used for its scent, as an ingredient in cooking, as an embalming fluid, for medicinal functions, and in spiritual ceremonies. A serious source of camphor in Asia is camphor basil. Camphor is a waxy, flammable, white or transparent solid with a strong aroma. It is a terpenoid with the chemical formula C10H16O. It is found in the wood of the camphor laurel (Cinnamomum camphora), a large evergreen tree found in Asia and also of the unrelated kapur tree, a tall timber tree from the same region. This port traded in camphor extracted from laurel trees (Cinnamomum camphora) that were abundant in the region. Even now, the local tribe’s people and Indonesians in general refer to aromatic naphthalene balls and moth balls as kapur Barus. Related Projects: - Chemicals (Organic, Inorganic, Industrial) Projects Uses Synthetic Camphor is used in the manufacture of cellulose nitrate, polyvinyl chloride and plastics. It can also serve as medicine, antiseptic, insecticide, etc. It can be used as an ingredient in smokeless powder, as a stabilizer and a moderator to improve ballistic properties. Camphor (Cinnamomum camphora) could be a hydrocarbon (organic compound) that's commonly utilized in creams, ointments, and lotions. Camphor oil is that the oil extracted from the wood of camphor trees and processed by steam distillation. It may be used topically to alleviate pain, irritation, and itchiness. Camphor can do wonders to your health as well. From itching to rashes, camphor is used in various home remedies. Edible camphor mixed with little amount of water can work like magic for infected area. But make sure not to use the camphor on open wounds and cuts. The burning of camphor is symbolic of the destruction of human ego. When it burned, it slowly disappears without leaving any residue. Burning camphor also purifies the homes and drive away evil spirits and negative energy. • Used in the manufacture of cellulose nitrate, polyvinyl chloride and plastics. • Used as an ingredient in smokeless powder, as a stabilizer and a moderator to improve ballistic properties. Application Pharmaceuticals Agriculture Chemicals Industry Food industry Production Made from the wood of Camphor tree, mostly found in Japan, Taiwan, and Vietnam. With the growing known uses of camphor in chemical industries, Japan raised the prices in the late 19th century. This eventually led to the development of synthetic camphor. Camphor made through camphor wood gives a paltry yield. Although India has abundant pine tree but the output from India variety is just 17% compared to 80% from the imported variety. This explains the import of turpentine for these Camphor companies. Production through synthetic route is at a fraction of cost and available abundantly. • Natural camphor price is at least 3x of Synthetic camphor. • Technical grade (93-94% purity) - Used in Puja • Pharmaceutical grade (98% purity) - Used in pharma The industry is asset light, without the use of any technology implying very little barriers of entry. Because of not having the requirement of technology know how there exists a number of smaller players rendering the market highly fragmented. The business is plus lightweight, while not the utilization of any technology implying little or no barriers of entry. Because of not having the requirement of technology savvy there exists variety of smaller players rendering the market extremely fragmented. Related Books: - Chemical Technology (Organic, Inorganic, Industrial), Fine Chemicals Market Outlook:- Pharma-grade synthetic camphor sales are also significantly driven by growing demand for private-labelled camphorated medical products. For example, private labelled analgesic products have gained increased popularity in the US, as they are devoid of FDA (Food and Drug Administration) approval, and witness strong promotion from retailer businesses. The global market for synthetic camphor is estimated to be valued at US$ 322.3 MN by the end of 2018 and is expected to reach a market value of US$ 571.6 MN by the end of 2028, expanding at a CAGR of 5.9%. The global market is anticipated to represent incremental opportunity worth US$ 249.3 MN between 2018 and 2028. Synthetic camphor is used extensively in many different industrial applications. It is vital in manufacturing polyvinyl chloride, cellulose nitrate and many plastics. It is a plasticizer in paints and lacquers, and it stabilizes smokeless gunpowder pyrotechnics. Synthetic camphor is used in production of insecticides such as moth repellants and mosquito repellants. With the rising awareness around the air purifying properties of synthetic camphor, the demand for synthetic camphor powder has seen an upsurge from the downstream producers of synthetic camphor tablets. Few manufacturers are also noted to offer synthetic camphor powder as well as tablets in addition to offering the two aforementioned grades of synthetic camphor. The increasing scope of applications of plastics has conjointly verified to act within the favor of synthetic camphor because it is used as a softener in the production of celluloid and PVC plastics. Synthetic camphor formulations also are noted to be useful in many health ailments. Although it's not approved for the oral route of administration because of its toxicity, synthetic camphor is wide utilized in the production of inhalant and topical drug formulations. The expansion of such product and have an indirect however significant impact on the synthetic camphor market, raising its demand round the world. Key Players:- ? Merck KGaA ? Saptagir Camphor Limited ? Mangalam Organics Limited ? Nippon Fine Chemical ? Rochem International ? Spectrum Chemical Mfg. ? Aldon Corporation ? Prinova Group ? Fengchen Group ? Camphor & Allied Products Ltd. ? KanchiKarpooram Ltd. ? Oriental Aromatics Ltd. ? Vinayak Ingredients (India) Pvt. Ltd. Tags:- #camphor #projectreport #DetailedProjectReport #businessconsultant #businessfeasibilityreport #BusinessPlan #chemical #chemicalindustry #StartUpIdea #entrepreneur #startups #marketresearch #StartupProject
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Startup Business Opportunities in Disposable Surgical Mask.

Startup Business Opportunities in Disposable Surgical Mask. Money Making Business Ideas in production of Medical Disposable Face Masks. A surgical mask, or procedure mask, is meant to be worn by health professionals during surgery and certain health care procedures to catch microorganisms shed in liquid droplets and aerosols from the wearer's mouth and nose. Its first recorded use was by the French surgeon Paul Berger during an 1897 operation in Paris. Modern surgical masks are made up of paper or different non-woven material and will be discarded when every use A surgical mask isn't to be confused with a respirator and is not certified per se. Surgical masks are not designed to protect the wearer from inhaling airborne bacteria or virus particles and are less effective than respirators, that are designed for this purpose. Surgical face masks are used as a protective barrier to prevent cross-contamination among patients and surgeons. They are made mostly from non-woven fabric and are available in the two-layer and three- layer form. The layers are ultrasonically welded for efficient bacterial filtration. Bacterial filtration efficiency (BFE) is the effectiveness of the surgical mask material to filter bacteria of a specified particle size. Particle filtration efficiency (PFE) is the effectiveness of a material to filter aerosol particles. Both BFE and PFE are expressed as a percentage of a quantity that does not pass through the material of the surgical mask. Surgical face masks are used in operation theatres and every area of health care that requires patient inspection. Rise in awareness regarding airborne infections has led to an increase in usage of surgical face masks in not only large health care facilities but also smaller ones across the world. Type: Disposable Replaceable/Re-usable Surgical face masks are worn by health care professionals during surgery or while tending to patients so as to avoid contact with bacteria shed within the form of liquid droplets and aerosols from the mouth and nose or infectious blood and body fluids. Surgical face masks are used as a protecting barrier to prevent cross-contamination among patients and surgeons. They made mostly from non-woven fabric and are on the market within the two-layer and three- layer form. The layers are ultrasonically welded for economical bacterial filtration. Bacterial filtration efficiency (BFE) is that the effectiveness of the surgical mask material to filter bacteria of a specified particle size. Particle filtration efficiency (PFE) is that the effectiveness of a material to filter aerosol particles. Each BFE and PFE are expressed as a proportion of a quantity that doesn't pass through the material of the surgical mask. Usage Masks are personal protective devices which if used correctly would protect the user from contracting Seasonal Influenza or for that matter, any other aerosol/droplet borne/air-borne infection. Masks should be used mandatorily for all health personnel working in an infective environment. The particular type of mask to be used is related to particular risk profile of the category of personnel and his/her work. The risk categorization may change according to the expected degree of environmental contamination and lethality of the virus. Individual Industrial/Commercial Surgical masks are designed to stay operating rooms sterile, preventing germs from the mouth and nose of a user from contaminating a patient during surgery. Though they need seen a rise in popularity among consumers during outbreaks like the coronavirus, surgical masks aren't designed to filter out viruses that are smaller than germs Types of Masks There are four levels of ASTM certification that surgical masks are classified in, depending on the level of protection they provide to the person wearing them: Minimum protection face masks are meant for short procedures or exams that won’t involve fluid, spray, or aerosol. Level 1 face masks often feature ear loops and are the general standard for both surgical and procedural applications, with a fluid resistance of 80 mmHg. They’re meant for low-risk situations where there will be no fluid, spray, or aerosol. Level 2 masks, with 120 mmHg fluid resistance, provide a barrier against light or moderate aerosol, fluid, and spray. Level 3 face masks are for heavy possible exposure to aerosol, fluid and spray, with 160 mmHG fluid resistance. Surgical masks are also not the same as procedural masks. Procedural masks are used in clean environments in hospitals including intensive care and maternity units, but they are not approved for sterile environments such as the operating room. Market Outlook The demand within the worldwide market for surgical mask has been rising on account of advancements within the field of medical surgery and diagnosis. Surgical masks are meant to protect doctors and surgeons from harmful infections and pathogens that will get suspended within the surgery room. Furthermore, the patient who is under treatment additionally must be protected against infectious agents that will be discharged by others within the surgery rooms. Hence, the worldwide market for surgical mask is expected to expand at a stellar pace within the years to follow. There are multiple attempts at manufacturing improved surgical masks, and this has given an impetus to market growth. The presence of a seamless healthcare sector, including utmost focus on safer surgical procedures, has given an impetus to the growth of the worldwide surgical mask market. Furthermore, the need maintaining quality standards across the aid domain has additionally built a plethora of opportunities across the world. Hence, the worldwide market for surgical mask is projected to win voluminous revenues within the years to come. The efforts of medical facilities in equipping medical practitioners and surgeons with the best surgical masks have aided market growth. The global market for surgical mask can be segmented on the basis of the following parameters: product, distribution channel, and region. On the basis product, the global surgical mask can be segmented into anti-fog surgical mask, basic surgical mask, fluid/splash resistant surgical mask, N95 mask, and others. Amongst these, the market for basic surgical mask has flown in from multiple healthcare facilities. The key distribution channels for surgical masks are drug stores, hospitals and clinics, and online stores. The success rate of surgeries largely depends on the level of safety and precautions taken during surgeries. This factor has also created commendable demand within the global surgical mask market in recent times. On the basis of geographic, the worldwide surgical mask market has been segmented into North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. The marketplace for surgical mask in North America has been growing alongside advancements within the field of medical and surgical procedures in (he us) and Canada. The global disposable masks market is anticipated to register a CAGR of 7.1% during the forecast period of 2019-2027. In 2019, global sales of disposable masks are anticipated to be contributed by surgical disposable masks type segment as compared to other product type. Surgical disposable mask holds the significant share in the global disposable mask market. It is expected to reach US$ 7,058.7 by the end of 2029. The prevalence of infectious diseases like anthrax and influenza has escalated the growth of worldwide disposable face mask market. Increasing concerns regarding the protection of healthcare workers like doctors, nurses, etc. from these contagious diseases served as one of the most important boosters for the market growth. Increasing airborne infections like chicken-pox and measles has encouraged each large-scale and small-scale healthcare facility providers to include surgical face masks in their workplaces. Additionally, the market is more driven by the lack of availability of substitutes. COST ESTIMATION Plant Capacity : 52800 pieces/Day Plant & Machinery : 74 Lakh Cost of Project : 377 Lakh Rate of Return : 29% Break Even Point : 30% Land Area : 1000 Sq. Mt. Land and Building Cost : 243 Lakh Applications • Prevent the spread of disease • Dusty Environments Key players 3M Company Cartel Healthcare Pvt. Ltd. Kwalitex Healthcare Private Limited Magnum Health and Safety Private Limited Mediblue Health Care Private Limited Medline Industries Inc. Plasti Surge Industries Pvt. Ltd. Premium Health Care Disposables Private Limited Thea-Tex Healthcare (India) Pvt. Ltd. Venus Safety and Health Pvt. Ltd. Z Plus Disposable Tags:- #surgicalmarks #FaceMarks #businessopportunity #projectreport #DetailedProjectReport #businessconsultant #businessfeasibilityreport #BusinessPlan #startyourbusiness, #investmentopportunity
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Business Opportunities in Cutting Metal with Cutting Wheels

Business Opportunities in Cutting Metal with Cutting Wheels. Profitable Manufacturing of Metal Cutting Wheels (TMT bar Cutting). A cut of wheel, also known as a cutoff wheel or Cutting disc, is an arbor-mounted tool that will be used with angle grinders or stationary cutoff saws. Cut of wheels have an abrasive-coated material that's used for grinding a variety of materials. Wheels usually provide a fast cutting action, long life, and have a tendency to be cost-efficient. The 2 main kinds of resinoid-bonded abrasive cutting wheels are type 1 that are fat, and type 27, that have a raised hub. The abrasive material utilized in the wheel is one infuencer on cut rate and expendable life. A grinding wheel could be a wheel composed of an abrasive compound and used for various grinding (abrasive cutting) and abrasive machining operations. Such wheels are utilized in grinding machines. The wheels are generally made from a composite material consisting of coarse-particle aggregate pressed and bonded together by a cementing matrix (called the bond in grinding wheel terminology) to form a solid, circular shape. Various profiles and cross sections are available depending on the intended usage for the wheel. They may also be made from a solid steel or aluminium disc with particles bonded to the surface. Today most grinding wheels are artificial composites made with artificial aggregates, but the history of grinding wheels began with natural composite stones, such as those used for millstones. Grinding wheels are consumables, though the life span will vary wide depending on the utilization case, from less than every day to many years. Because the wheel cuts, it sporadically releases individual grains of abrasive, usually because they grow uninteresting and therefore the increased drag pulls them out of the bond. Contemporary grains are exposed during this wear method that begin following cycle. The speed of wear in this method is sometimes terribly predictable for a given application, and is important for good performance. Application • Automotive • Metalworking • Machinery • Electrical & Electronics • Construction Uses:- The capability of an abrasive wheel is determined by the kind of abrasive material used in making the wheel. The hardness, toughness, and ability to cut sharp edges are also determined by the abrasive material used. The bonding or coating material which is used to determine the structure and shape integrity of the wheel in use. The abrasive material used in the wheel is one influencer on cut rate and consumable life. Wheels come in several grain options, such as aluminum oxide, silicon carbide, zirconia alumina, ceramic alumina, and combinations of these materials. Silicon Carbide: will be} sharp and onerous and it can be brittle. It ought to use this solely in grinding of low tensile strength materials like gray forged iron, chilled iron, bronze, aluminum, copper, and brass. Aluminum Oxide: - this is often slightly softer than silicon carbide however a lot of more durable. It should be in cutting and grinding high enduringness materials like alloy steel, malleable iron, bronze, etc. Types of Abrasive Wheel:- There are two types of common cutting wheels to suit an angle grinder: Type 1, which is flat; and Type 27, which has a Flat vs. Depressed Centre Cutting Disc depressed center. Generally Type 1 wheels offer more versatility, especially when cutting profiles, corners or anything that requires the operator to cut up and over two different planes of cutting surface. Type 27 wheels, on the other hand, are ideal for getting into tight corners or overhangs. The depressed centre of a Type 27 wheel provides the extra clearance sometimes needed to get the job done. It is strongly recommend that the general DIY user purchases a flat Type 1 cutting disc which is the more popular type of wheel. Abrasive Wheel Benefits: By grinding, we understand it as the usage of solid abrasive wheels to shape or finish a particular material. The main benefits of using abrasive wheels are: It can cut hardened steel. It can produce smooth finishes. The time taken is less. It can maintain accuracy in each case. It requires very little pressure. These grinding machines are aptly suited for cutting high-quality alloy steels. Increased Grinding productivity. Market Outlook:- Abrasive Wheels Market by Product (Bonded Wheels and Super Abrasive Wheels) and by Material Type (Aluminum Oxide, Zirconia Alumina, Silicon Carbide, and Ceramic Aluminum Oxide): The global abrasive wheels market was approximately USD 10.9 billion in 2018 and is expected to generate around USD 17.39 billion by 2026, at a CAGR of around 6.01% between 2019 and 2026. The Demand within the global market for grinding discs has been rising on account of standardization of industrial procedures in automotive, iron and steel, and constructions industries. A grinding disc, also known as grinding wheel, is used in several abrasive machine operations and in abrasive cutting. Grinding machines are used across a range of industries, and the indispensability of grinding discs in these machines is expected to propel demand within the global market. The proven relevance of these discs across multiple industries has helped in earned the trust of the investors and stakeholders in the market. Expansion of the construction sector on global scale is also expected to drive the growth in demand for abrasives, especially super abrasives. Evolution of the manufacturing industry has enabled improvement in precision tooling, which is useful in manufacturing smaller components with greater accuracy, in turn boosting the consumption of abrasives used in the process. Based on material kind, the worldwide abrasive wheels market is split into aluminium oxide, zirconia alumina, silicon carbide, and ceramic aluminum oxide. Aluminum oxide is calculable to carry most market share, in terms of revenue, within the future. Aluminium oxide is hard, has higher proof against fracture, and could be an extremely economical product that makes it one among the foremost widely used abrasives within the market. The marketplace for aluminum oxide can grow within the future, as it’s an excellent substitute for diamonds and through latest technological advancements. Automotive segment is estimated to be the biggest end-use business for abrasives market. The automotive market is driven by the many economic and industrial development, particularly within the Asia-Pacific region that augments the necessity for higher transport services that thus will increase the demand for automobiles. High adoption of abrasives within the automotive business because of its use for size engine components, deburring, and cleaning; including repair and maintain the body, interiors, and accessories; to smoothen welds, clean the inside of pipes, and change surface or swish surfaces & edges. Cutting wheels are anticipated to seek out usage altogether regions globally. The foremost promising markets for cutting wheels are expected to be the developing countries in regions, like geographical region and Africa, Latin America and Asia Pacific. This can be because of the growth of construction and metal industries in these regions. With the growing automotive and part sectors in Europe and North America, the scope for higher sales of cutting wheels is anticipated to increase considerably. Overall, the market is ready to witness good prospects within the coming years. Key players:- Forney Industries, Inc. Makita Corporation DEWALT Grindwell Norton Ltd Walter Surface Technologies Inc. Dremel Lenox Tools Ryobi Limited Shark Industries, LTD. Anant cutting Edge PVT.LTD Sak Abrasive LTD. Sterling Abrasives Ltd. Tyrolit Sak Ltd. Wendt (India) Ltd. Tags:- #metalcutting #CuttingDisc #cuttingwheel #Abrasives #TMTbar #projectreport #DetailedProjectReport #businessconsultant #BusinessPlan #AutomobileIndustry #businessideas #businessgrowth #entrepreneur #startupidea #startyourbusiness
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Return: 1.00%Break even: N/A
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