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

Minerals: Project Opportunities in Kerala

PROFILE:

India has a large no. Of economically useful minerals and they constitute on quarter of the worlds known mineral resources. India is endowed with significant mineral    resources. India produces 89 minerals out of    which 4 are fuel minerals, 11 metallic, 52 non-metallic and 22 minor minerals. 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:

Kerala is also a rich repository of several minerals and fine grained soil. Sillimanite, Ilmenite, Monazite abounds in this state. Fire clay, Silica, Ball clay and China clay, granite and graphite also occurs in large quantities in different parts of Kerala, paving the path for a flourishing industry. The mineral resources of a state are its greatest asset. The minerals not only earn the state revenue and foreign currency by export to other states and other countries respectively, they also form the raw material for the industries based on them. Kerala is a mineral rich state. The soil is loaded with a variety of inorganic minerals like Kaolin, Bauxite, Monozite, Zircon, Quartz and Silimanite. The golden sands of Quilon beach are rich in the heavier variety minerals such as Monozite, Ilmenite, Rutile, Zircon and Silimanite.

GOVERNMENT POLICIES:

·         As far as mineral sand is concerned, the Government will stick to the policy declared in the industrial policy 2007 that the mining and extraction will be permitted only through State/Central Public Sector Undertakings (PSU’s).

·         While granting mining leases value addition will be insisted by promoting processing units and mineral based industries in the State. 

·         Entrepreneurs promoting development of human resources and employment guarantee programme will be given priority.

·         Mining leases will be granted to those applicants who have long term programme concept and provide more employment opportunities.  For e.g., minerals like iron ore. Priority will be given to those who install processing / beneficiation unit

·         Adjoining minor mineral leases of smaller areas granted under KMMC Rules, 1967 will be amalgamated into a single lease. Non working quarries/mines will be identified and effort will be made to ensure the mining leases are not kept idle. 

·         Productivity of mines will be insisted while leasing the mine and reviewed periodically.

 

Agriculture: Project Opportunities in Kerala

 

PROFILE:

India has an agriculture-based economy. 43% of India’s territory remains employed in agricultural activities. Globalization and agriculture in India are both intricately connected to each other as agriculture in India prevails over all other sectors because it plays a pivotal role in the socio-cultural life of its people. At present, in terms of agricultural production, the country holds the second position all over the world. In 2007, agriculture and other associated industries such as lumbering and forestry represented around 16.6% of the Gross Domestic Product of the country. In addition, the sector recruited about 52% of the entire manpower. India is among the world’s leading producers of paddy rice, wheat, buffalo milk, cow milk and sugar cane. It is either the world leader or the second largest producer in eight out of its top ten products.

RESOURCES:

A unique feature of the State is the predominance of cash crops. About 50 per cent of the population depends on agriculture. Kerala is a major producer of coconut, rubber, pepper, cardamom, ginger, banana, cocoa, cashew, aracanut, coffee and tea. Spices like nutmeg, cinnamon, cloves, etc. are also cultivated. Rice and Tapioca are the important food crops. On a national scale, 92 % of the rubber, 70 % of coconut, 60 % of tapioca and almost 100 % of lemon grass oil is produced from the State. Kerala’s agriculture has the distinction of having the highest gross income per net cropped area. For instance, coconut occupies 41 per cent of net cropped area and provides livelihood to over 3.5 million families. While, the four plantation crops of rubber, coffee, tea and cardamom accounts for 29 per cent of the net cropped area in the State and 42 per cent of the area in the country.

GOVERNMENT POLICIES:

Indian agriculture policy is aimed essentially at improving food self sufficiency and alleviating hunger through food distribution. Aside from investing in agricultural infrastructure, the government supports agriculture through measures including minimum support prices (MSP) for the major agricultural crops, farm input subsidies and preferential credit schemes. In India, agricultural trade policy is a part of a larger food and agriculture policy regime that seeks to maintain food self-sufficiency while providing income support to the agricultural sector and poor consumers. The salient features of the new agricultural policy are:

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

·         Greater private sector participation through contract farming.

·         Price protection for farmers.

·         National agricultural insurance scheme to be launched.

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

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

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

·         Capital inflow and assured markets for crop production.

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

·         Minimise fluctuations in commodity prices.

·         Continuous monitoring of international prices.

·         Plant varieties to be protected through a legislation.

·         Adequate and timely supply of quality inputs to farmers.

·         High priority to rural electrification.

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

 

 

 

 

 

Biotechnology: Project Opportunities in Kerala

 

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. The importance of Biotechnology for India is manifold. In addition to generating trained manpower and a knowledge base, India is proving to be an ideal setting for manufacturing activities and high-level biotechnology research programmes. It can bring revolutionary changes in people's lives and provide the path way to the unexplored secrets of nature.

 

RESOURCES:

Kerala’s rich bio-diversity and the availability of skilled labour make it one of the most prospective locations for Biotechnology. Its advantages include being one of the most health conscious states with high literacy, and a rich exposure to traditional medicines and healing. Additionally, the presence of established research institutions like Rajiv Gandhi Institute for Biotechnology, Indian Institute for Spices Research, Kerala Agricultural University, etc ensures adequately trained human resources required in Biotechnology. Since the Biotech industry in India is still in a nascent stage, especially in Kerala, an appropriate support and guidance from the state government would be essential to encourage entrepreneurship and industrial growth in this segment.

GOVERNMENT POLICIES:

Government of Kerala announced its Biotechnology Policy in 2003. To achieve the vision in Biotechnology, to ensure hazzle-free implementation and to provide sustained leadership and resources, two major initiatives, Kerala Biotechnology Board and Kerala Biotechnology Commission were made in 2003. The BT policy for Kerala is designed to catalyze the development and application of BT, taking advantage of the State’s resources and emphasizing its specific needs while meeting global requirements. The policy is aimed to ensure the rapid exploitation of pipeline technologies and opportunities available in the State to products and processes and to promote the sustained build-up of an elite knowledge cadre and knowledge base through the strengthening and creation of educational and R&D institutions, establishing infrastructure and putting in place administrative, regulatory, legal and financial framework conducive for investment and growth of BT enterprises, for the economic development and human welfare.

 

Rubber Industry: Project Opportunities in Kerala

 

PROFILE:

The world production of rubber was considered to be very unstable during the last few years. Comparatively, India's production of rubber is consistent at the rate of 6% per annum. The Rubber industry in India has been growing in strength and importance. This is the result of India's burgeoning role in the global economy. India is the world's largest producers and third largest consumer of natural rubber. Moreover, India is also one of the fastest growing economies globally. These factors along with high growth of automobile production and the presence of large and medium industries has led to the growth of rubber industry in India.

RESOURCES:

Kerala contributes 90% of India’s total production of natural rubber. Also, Kerala and Tamil Nadu together occupy 86% of the growing area of natural rubber. The rubber industry occupies about 3.84 lakh hectares and boasts of a turnover of 3.70 lakh tonnes that amounts to about ninety percent of the country’s total rubber production. The Kerala State Cooperative Rubber Marketing Federation Ltd., popularly known as RubberMark was incorporated in 1971, as an apex institution of the primary Rubber Marketing Cooperatives in Kerala, INDIA. Most of the rubber production is consumed by the tyre industry which is almost 52% of the total production of India. Among the states, Kerala is the leading consumer of rubber, followed by Punjab and Maharashtra.

 

GOVERNMENT POLICIES:

·         No state involvement in price control

·         Rubber prices respond to global prices

·         Government’s contribution in rubber research and development

·         Duties and levies contributing for financing of replanting and welfare of smallholders

·         Currency issues

·         Government involvement in labour supply

·         Environmental regulations

 

 

 

Tourism: Project Opportunities in Kerala

 

PROFILE:

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

 

RESOURCES:

Kerala is a state on the tropical Malabar Coast of southwestern India. Nicknamed as one of the "10 paradises of the world" by National Geographic, Kerala is famous especially for its eco-tourism initiatives. Its unique culture and traditions, coupled with its varied demography, has made it one of the most popular tourist destinations in India. Beaches, warm weather, back waters, hill stations, waterfalls, wild life, Ayurveda, year–round festivals and diverse flora and fauna make Kerala a unique destination for tourists. Kerala offers a host of exciting holiday options. The factors stimulating a flourishing tourism sector include scenic splendour, moderate climate, clean environment, friendly and peace loving people with high tolerance for cultural diversity as well as the potential for creating unique tourism products. Some of the important places of tourist interest are:- Thiruvananthapuram; Kollam; Pathanamthitta; Alappuzha; Kottayam; Idukki; Ernakulam; Thrissur; Palakkad; Malappuram; Kozhikode; Wayanad; Kannur and Kasaragod. In kerala, Thenmala is the major project undertaken under eco- tourism. Thenmala Eco-Tourism project features a tourist facilitation centre, shop court garden, plazas, picnic area, natural trail, rock climbing, river crossing amphitheatre, restaurant, suspension bridge, lotus pond, musical dancing fountain, sculpture garden, deer rehabilitation centre, boating, battery powered vehicles, etc.

 

 

 

GOVERNMENT POLICIES:

Every Tourism Development Plan shall contain the following elements which are necessary for the integrated sustainable development of the area with major thrust on tourism development, namely:-

(i)           Policy in relation to the land use plan and allocation of land for tourism purposes;

(ii)          Policy in relation to the built up area, environment including architectural control and form;

(iii)        Strategies towards conserving and strengthening existing natural systems and enhancing the visual qualities of the region; and

(iv)         Regulations, if any, found necessary for the implementation of the Tourism Development Plan.

 

 

Bamboo: Project Opportunities in Kerala

PROFILE:

Bamboos are some of the quickest growing plants in the world,[2] as some species have been recorded as growing up to 100 cm (39 in) within a 24 hour period due to a unique rhizome-dependent system. Bamboos are of notable economic and cultural significance in South Asia, South East Asia and East Asia, being used for building materials, as a food source, and as a versatile raw product. Bamboo is used in Chinese medicine for treating infections and healing. It is a low-calorie source of potassium. It is known for its sweet taste and as a good source of nutrients and protein. Bamboo has been a primary raw material for manufacturing a variety of article. Primary coming under the cottage and small scale industry, bamboo work plays a vital role in the development of the state economy.

 

RESOURCES:

Twenty-two species of bamboo and two varieties belonging to six genera are recorded as native of Kerala. The majority of bamboos in Kerala are found at an elevation of 50-1500 m above sea level. The species belonging to the genera such as Ochlandra, Bambusa and Dendrocalamus are seen extensively growing in large forest areas as bamboo brakes and reed brakes. The species like Bambusa bambos and Dendrocalamus strictus are adapted to the dry plains and hilly tracts.  Their distribution is abundant in the most deciduous forests.  Bambusa bambos is generally found at an elevation between 50m – 1000 m and distributed throughout Kerala. Dendrocalamus strictus is distributed in the forests of Attappady, Nilambur, and Chinnar at an altitude of 150-750 m above sea level.

GOVERNMENT POLICIES:

Draft Kerala Bamboo Policy: This policy focuses on sustainable development of bamboo sector in Kerala with the active participation of stakeholders. The major pillars of this policy are sustainable management of existing bamboo resources in forest areas, plantations and in the homesteads, resource enhancement both in the forests and homesteads with the participation of stakeholders, better distribution of bamboo resources to the user groups and setting up bamboo-based industries. The policy suggests establishment of appropriate institutions, scientific management and marketing, linkage between production and utilization, industrial development, proper pricing, preferential treatment of bamboos in the forests and homesteads, formulation and implementation of grower friendly rules and regulations on growing, harvesting, transporting and marketing and appropriate publicity, research and extension.

 

Waste management: Project Opportunities in Kerala

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:

The Greater Kochi Area (GKA) ranks 24 (with CEPI score of 75.08) amongst the critically polluted areas (CPA) in the country. The State Pollution Control Board was instructed by the CPCB to evolve a time bound action plan for improving the environmental quality in the CPA. It was stated that external resource persons/institutions identified by CPCB/MoEF would be made available for this purpose. Such external guidance is still anticipitated. Meanwhile the Kerala Board, in consultation with the stakeholders in GKA, has chalked out an action plan for Greater Kochi Area. The main pollution sources of concern are industries, municipal solid waste, biomedical waste, E-waste and domestic waste.  The action plan hence includes mainly proposals for up gradation of existing pollution control facilities in the critically polluted area, common facilities such as CETPs, CTSDF, STPs, common biomedical waste management facility, municipal solid waste management, e-waste management and sewage management.

 

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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Tejpatta Oil (Bay Leaf Oil)

Bay leaf is an aromatic leaf commonly used in cooking. It can be whole or ground dried pieces of the plant. The bay leaf comes from the sweet bay tree. It is used for culinary purposes for its distinct fragrance and flavor – and is removed from the cooked food before eating. In this article, we will answer that question and discuss a lot more about bay leaf. The bay leaves, scientifically known as Laurus Nobilis are leaves of a small tree found in the Mediterranean region. The bay leaf oil has many properties that make it an essential oil and is being used in many foodservice as well as in personal care and cosmetics. The main use of the bay leaf oil is in cosmetics and especially the bay leaf oil is used in products for hair growth. The bay leaf oil is a very niche market that requires higher quality equipment and also skilled labor to produce an appropriate amount of oil. This is the reason that not many manufacturers produce the bay leaf oil. The market for the bay leaf oil is increasing due to the increasing demand for the natural essential oils.
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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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Coconut and Cashew Feni

Coconut tree is a member of the palm tree family and the only living species of the genus Cocos. The term "coconut" (or the archaic "cocoanut") can refer to the whole coconut palm, the seed, or the fruit, which botanically is a drupe, not a nut. The country is the highest producer of coconuts in the world. The total cultivated area is over 1.94 million hectares. Basically, the four southern states of India, with Kerala, holds 90% of coconut production occupying about 50% of coconut cultivated area in India. The growing market for all coconut products is waking up even in the USA, Europe, and other countries. Cashew Feni Feni is a thrice distilled liquor derived from cashew fruit, the outer fruit surrounding the cashew nut. Feni has been a part of Goan food tradition for over 400 years. It is a fruity spirit with a distinct, pungent smell that could be quite overwhelming for some. Feni is a mainstream spirit traditionally consumed in mixed cocktails with sweet or sour profiles.
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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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Washing Machine & Geyser

Washing Machine Washing machine (laundry machine, clothes washer, or washer) is a device used to wash laundry. The term is mostly applied to machines that use water as opposed to dry cleaning (which uses alternative cleaning fluids, and is performed by specialist businesses) or ultrasonic cleaners. The user adds laundry detergent which is sold in liquid or powder form to the wash water. Washing machine is a home appliance used for the laundry purpose. Economic growth in advanced and developing countries has favored the growth of the washing machine market. The use of a washing machine helps to save time and energy required to wash laundry. Product innovations have led to the development of advanced washing machines that increase comfort level and convenience for customers. The growing demand for products which bring convenience to consumers is a key factor fueling the demand for washing machines. The growing changes in lifestyles, increasing disposable income, and the availability of advanced technology are also boosting the growth of the global washing machines market. One of the trends seen in the washing machine market in recent times is the use of technology that reduces the use of water for washing. Global Washing Machine Market was valued at $36,648 million in 2016, and is projected to reach at $53,193 million by 2023, growing at a CAGR of 5.5% from 2017 to 2023. Washing machines are widely used home appliances for washing laundry, as they save time and energy. A washing machine operates by spinning the laundry at high speed, thereby generating centrifugal force that removes water from the laundry along with dirt. Geyser Geyser is a spring characterized by intermittent discharge of water ejected turbulently and accompanied by steam. As a fairly rare phenomenon, the formation of geysers is due to particular hydrogeological conditions that exist only in a few places on Earth. A geyser is a vent in Earth's surface that periodically ejects a column of hot water and steam. Even a small geyser is an amazing phenomenon; however, some geysers have eruptions that blast thousands of gallons of boiling-hot water up to a few hundred feet in the air. Water heaters in India are emerging as technologically upgraded and innovative products. Electric water heaters are currently the most popular among consumers. Although electric water heater market is moving towards maturity, continuous innovations on the part of manufacturers are driving growth in the market. In addition, solar water heaters are anticipated to gain prominence in India water heater market over the next five years. India water heater market projected to surpass $ 600 million by 2023. Growth in the market is led by increasing number of new residential units and other construction activities coupled with rising per capita disposable income. Moreover, improving standard of living, technological advancements, and rising demand for low-cost and efficient water heaters is further expected to propel growth in India electric water heaters market over the next five years. Growing concerns for energy efficiency is contributing to the increasing demand for electric water heaters. Increasing number of pre-plumbed unvented systems in several new constructions is also driving the demand for electric heaters. Manufacturers are integrating smart heating controls in electric heaters to facilitate ease of use. Electric heaters are being used on a large scale in the commercial sector to assist in production and for staff use. Increasing commercial infrastructure development across different countries is driving the demand for water heaters. Small and mid-sized companies are using water heaters for their daily production activities. Meanwhile, in order to reduce energy consumption and operational efficiency, companies are adopting highly efficient water heaters. Due to the increasing use, upgrading commercial water heaters is necessary. Hence, vendors are integrating new technologies that can act as a signal for upgrading commercial water heaters. Companies are also working on new technologies by focusing on M&A activities to offer better products in the global market.
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