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

Automotive Sector: Project Opportunities in Maharashtra

 

PROFILE:

The automotive industry in India is one of the largest in the world and one of the fastest growing globally. A sound transportation system plays a pivotal role in a country’s rapid economic and industrial development. The well-developed Indian automotive industry ably fulfils this catalytic role by producing a wide variety of vehicles. The automobile industry comprises automobile and auto component sectors. It includes passenger cars; light, medium and heavy commercial vehicles; multi-utility vehicles such as jeeps, scooters, motorcycles, three-wheelers and tractors; and auto components like engine parts, drive and transmission parts, suspension and braking parts, and electrical, body and chassis part. The automotive industry designs, develops, manufactures, markets, and sells motor vehicles, and is one of the world's most important economic sectors by revenue. Indian automotive sector is a key contributor to the economic growth. India is World’s second largest two wheeler market, Asia’s third largest passenger vehicle market and World’s fourth largest commercial vehicle and tractor market. Maharashtra has strongly emerged as the top destination in India for automobile sector with a strong presence across the value chain.

 

RESOURCES:

Maharashtra accounts for approximately 33% of the country’s output of automobiles by value. Major automobile clusters in the state are Pune, Nasik, Aurangabad and Nagpur. Maharashtra is the leading producer of heavy and commercial vehicles in the country. Auto and auto ancillaries contribute to 9% of Maharashtra’s manufacturing strength. Maharashtra has a strong skilled labour base supporting the automotive industry. The state offers a strong educational infrastructure with technical institutions providing automobile engineering courses across the state. India's premier automotive R&D, testing and certification organisation, Automotive Research Association of India (ARAI) is present in Pune. India’s first Auto Cluster Development and Research Institute are in the state.

 

GOVERNMENT POLICIES:

Policy aims to promote integrated, phased, enduring and self-sustained growth of the Indian automotive industry. Special policies for Auto industry make it a lucrative investment sector.

·        Exalt the sector as a lever of industrial growth and employment and to achieve a high degree of value addition in the country; Promote a globally competitive automotive industry and emerge as a global source for auto components

·        Establish an international hub for manufacturing small, affordable passenger cars and a key centre for manufacturing Tractors and Two-wheelers in the world. Ensure a balanced transition to open trade at a minimal risk to the Indian economy and local industry

·        Conduce incessant modernization of the industry and facilitate indigenous design, research and development

·        Assist development of vehicles propelled by alternate energy sources;

·        Automatic approval for foreign equity investment of up to 100 per cent for manufacturing of auto components.

·        Setting up of a technology modernization fund, with special emphasis on SMEs and encouragement to establish development centres for SMEs.

·        Increasing exports and related infrastructure and streamlining training/research institutions around auto hubs.

·        Setting up of automotive training institutes and auto design centres, special auto parks and auto component virtual SEZs

·        To enhance and upgrade the testing and validation infrastructure and establish centres of excellence for automotive R&D.

·        Lowering of excise duty on small cars, increasing budgetary allocation for R&D activities and lowering duty regime in general.

·        Weighted increase in the in-house R&D expenditure from 150% to 200% and from 120% to 175% on outsourced R&D expenditure.

Chemical Sector: Project Opportunities in Maharashtra

 

PROFILE:

Chemical industry is one of the oldest industries in India. It not only plays a crucial role in meeting the daily needs of the common man, but also contributes significantly towards industrial and economic growth of the nation. The industry, including petro-chemicals, and alcohol-based chemicals, has grown at a pace outperforming the overall growth of the industry. India’s chemical industry contributes close to 3% to country’s GDP (2009). India is expected to grow at more than 11% till 2011 at almost double growth rate of the global industry. The chemical industry accounts for about 17.6% of the output of the manufacturing sector and around 11% in total exports of the country. The industry registered a growth of 16% from FY 2005 to 2010 In terms of volume, India is 12th largest in the world and 2nd largest in the developing world after China, Maharashtra has strong presence in chemical, petrochemicals, oil and gas sector. Maharashtra contributes 27.4% of total chemicals, petrochemicals and oil and gas output and around 15% of the total production of basic petrochemical products in India. Mumbai, Nagothane, Rabale & Patalganga are major petrochemical hubs while Thane, Mumbai, Pune and Wardha are chemical hubs.

 

RESOURCES:

Maharashtra has a well developed chemical and petrochemicals sector that has been doing extremely well on the economic front. The chemical industry in Maharashtra is among the main industries which has an important contribution to the economy of the state. There are many categories of the chemical industries in Maharashtra such as agrochemicals, dye & pigments, inorganic chemicals, petrochemicals, polymers, textile chemicals, pharmaceuticals etc. Chemical sector has been traditionally strong in Maharashtra with specific strength in Raw materials, Building Block production and Value Addition & Processing with clusters located in the Mumbai, Thane, Pune belt. Maharashtra has a strong skilled labour base supporting the chemical industry. The state offers a strong educational infrastructure with technical institutions providing Chemical engineering courses across the state. There is a strong resource pool and backward linkages with the well-developed chemicals and petrochemicals sector serves as an added advantage. All major domestic and number of global chemicals & petrochemicals players have a presence in the state. It contributes 27.4 per cent of the country's chemicals, petrochemicals and oil & gas output. The state also accounts for 18.2 per cent of the country's employment in the sector. The chemical sector in the country is expected to grow at 15 per cent per annum till 2010 and thus, presents ample opportunities for the state. Opportunities would primarily exist in the areas of polymers & plastics, fertilisers and synthetic yarns. Some of the names are Hindustan Petroleum, Bharat Petroleum, Reliance Industries, and Indo-Rama Synthetics. Maharashtra has a strong presence in the chemicals, petrochemicals, and oil and gas sector.

 

GOVERNMENT POLICIES:

·        Licensing requirements have been removed, except for hazardous chemicals and a few special drugs.

·        Entrepreneurs are allowed to set up chemicals industries following the Industrial Entrepreneurs Memorandum (IEM) route.

·        Under the automatic route, 100% FDI is allowed for all chemicals except hazardous chemicals.

·        In the Union Budget 2009-10, the Department of Chemicals and Petrochemicals was granted an outlay of USD 5.12 Billion

·        To mitigate the impact of anti dumping, Government has imposed 20% safeguard on soda ash

·        The peak rate of customs duty on most chemicals is 7.5%.

·        Plans are underway to set up port-based chemicals parks in SEZs to encourage clustering, provide infrastructure and enable tax concessions.

·        16% excise duty on almost all chemicals

·        Downstream SEZs have been planned to use the output of chemicals parks

 

 

Food and Agro Sector: Project Opportunities in Maharashtra

 

PROFILE:

India is one of the world’s largest producers as well as consumers of food and food products Maharashtra is a bio-diverse state with 9 agro climatic zones and varying soil types, suitable for agricultural development. The export from Maharashtra for fresh vegetables and fruits accounts for 30% and for processed food products is almost 50%. Mumbai port (MPT) and Jawaharlal Nehru Port (JNPT) are major ports used for exporting processed food products. The state has a strong skill base with a total of 73 institutions with an intake capacity of 5,895 students including 4 Agriculture Universities and 5 national level research organizations. Maharashtra has 8 Agricultural Export Zones (AEZ).

RESOURCES:

Reaching top most position in the country Maharashtra is India’s leading agriculture state.  The state has achieved many innovative agro-industrial ventures, the sugar co-operative and cooperatives for cultivating and marketing, including exports of grapes, mangoes, strawberries etc. Wide availability of varied horticultural produce due to varied range of climate & soil conditions offers tremendous scope to flourish state’s processing industry to increase the processing & value addition from present 1.5% to reach up to 35% of total produce.  Bio-diverse state with 9 agro climatic zones and varying soil types is suitable for agricultural development. Maharashtra is the major horticulture state with more than 22.04 lakh hectares area under horticulture and 4.48 lakh hectare area under vegetables. Alphonso Mangoes accounts for 90% of India’s export in mangoes. It leads sugar industry with 201 sugar factories. The export from Maharashtra for fresh vegetables and fruits accounts for 30% and for processed food products is almost 50%. Maharashtra has the highest gross value addition to food products in the country 16.18%. Maharashtra has eight Agri Export Zones spread across the state for Grapes and Grape Wine, Mangoes, Kesar Mango, Flowers, Onion, Pomegranate, Banana and Oranges. It also has additional five crop cluster for Cashew, Sapota, Sweet Orange, Fig and Custard Apple.

GOVERNMENT POLICIES:

Maharashtra Government initiatives are very unique to make agriculture, horticulture, Agri business, Food Processing industry highly competitive and successful in the country.

·         Reimbursement of 50% of the net VAT paid, instead of 25%;

·         5% interest subsidy on term loans for fixed capital investment for 5 years;

·         In the case of products attracting zero VAT, incentives against the amount of VAT retained and not refunded on input purchases.

·         Eligibility criteria (additional investment of 25% subject to a minimum of INR 1 crore) for providing incentives in the case of expansions under PSI 2007

·         The National Horticulture Mission (NHM) provides 50% of the capital cost with a cap of Rs. 3 lakh per unit for basic infrastructure.

 

 

 

 

 

Textile Sector: Project Opportunities in Maharashtra

 

PROFILE:

The textile industry occupies a leading position in the hierarchy of the Indian manufacturing industry. It has witnessed several new directions in the era of liberalization. While textile exports are increasing and India has become the largest exporter in world trade in cotton yarn and is an important player of readymade garments, country’s international textile trade constitutes a mere 3% of the total world textile trade The textile industry is one of the most important pillars of the Indian economy. It contributes about 4% to the GDP, and 17% to the country’s export earnings. It provides direct employment to over 35 million people. Indian textile industry is estimated to be at USD 51.4 billion. The industry accounts for 4% of the country’s GDP and 14% of its industrial production. Maharashtra contributes to about 10.4% to India’s textiles and apparels output. Maharashtra has the largest area under cultivation for cotton (33.4%). The State has witnessed 122 major textile projects with an investment of USD 224 Million.  There exists largest number of the sectors 100% export oriented units, with a count of 560 are based in Maharashtra.

 

RESOURCES:

Maharashtra contributes to about 10.4% to India’s textiles and apparels output. Cotton is available in bulk in Maharashtra which is one of the key factors that have enabled the state to establish a competitive edge. Vidarbha region has a predominant cotton production, while western region is famous for spinning mills. The major clusters of Maharashtra for the industry are Kolhapur, Mumbai, Nagpur, Nashik, Pune, Sangli, Satara, Sholapur and Thane. The State has witnessed 122 major textile projects with an investment of USD 224 Million.  There are largest numbers of the sectors 100% export oriented units, with a count of 560 are based in Maharashtra. Maharashtra has abundant raw material availability, cost effective labour pool, growing domestic market & presence across value chain.

 

 

 

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 recently announced the new National Textile Policy (NTP), with the objective of facilitating the industry to attain and sustain a pre-eminent global standing in the manufacture and export of clothing.

·         Suitable incentive either in capital or in the form of Interest subsidy shall be provided to the Textile units including spinning and ginning pressing units to promote employment.

·         Credit based capital subsidy or suitable interest subsidy on capital investment and working capital shall be provided to the upcoming Textile units including spinning and ginning units to make them self reliance.

·         Providing Technological Upgradation support to the Textile sector under Technological upgradation Fund (TUF) scheme.

·         Setting up of Textile Parks preferably in Vidarbha, Marathwada and Khandesh Region.

·         Rationalize debt equity ratio with special consideration in Marathwada, Vidarbha and Khandesh region.

·         Development of Infrastructure facilities with integration from fibre to garment manufacturing.

·         Pilot projects for power looms in Malegaon and Bhiwandi, Nanded and Nagpur.

 

Small-Scale Industries: Project Opportunities in Maharashtra

 

PROFILE:

Small Scale Industries may sound small but actually plays a very important part in the overall growth of an economy. Small Scale Industries can be characterized by the unique feature of labour intensiveness. The small scale industries sector plays a vital role in the growth of the country. It contributes almost 40% of the gross industrial value added in the Indian economy. It has been estimated that a million Rs. of investment in fixed assets in the small scale sector produces 4.62 million worth of goods or services with an approximate value addition of ten percentage points. The small-scale sector has grown rapidly over the years. The growth rates during the various plan periods have been very impressive.

 

 

 

RESOURCES:

The Maharashtra Small Scale Industries Development Corporation Ltd., popularly known as MSSIDC, was established with a view to giving a new orientation and strength to the development of Small Scale Industries in the State of Maharashtra. The main objective of MSSIDC is to aid, counsel, assist, finance, protect and promote the interests of Small Industries. The Corporation renders assistance to approximately 30000 SSI units in the State. MSSIDC plays a vital role in revival, development and growth of traditional handicrafts of Maharashtra by responding to the diversified need s of rural artisans and marketing their products in India as well as abroad. Over the years, MSSIDC has grown to become India's leading Small Scale Industries Development Corporation, continuously responding to the expanding and diversified needs of Small Scale Industries, Village and Cottage Industries, providing support services like Training and Entrepreneurship Development Programme.

GOVERNMENT POLICIES:

The Policy for Small Enterprises aims to create a congenial atmosphere conducive to the healthy growth of the Small Scale Sector in the State. The broad policy objectives are enumerated below:

·         To achieve an annual growth rate of 15%.

·         To assist the small scale industries in the State to become competitive, domestically as well as internationally.

·         To increase employment generation - particularly by promoting the labour intensive segments.

·         To improve the export performance of the SSI sector by providing adequate support services.

·         To create a more congenial and hassle-free environment for the functioning of the SSI sector

·         To help the SSI sector acquire new technologies and skills so as to compete effectively in the market place.

·         To promote appropriate linkages between the large and small scale sectors in the interest of harmonious industrial development.

·         To strive to promote an appropriate institutional mechanism to revive sick industries

·         To encourage SSI units to grow vertically and graduate, in the course of time, from small scale to medium and large scale unit.

 

 

 

Information Technology Industry: Project Opportunities in Maharashtra

PROFILE:

Information Technology (IT) industry in India is one of the fastest growing industries. Indian IT industry has built up valuable brand equity for itself in the global markets. The Information technology industry in India has gained a brand identity as a knowledge economy due to its IT and ITES sector. The IT–ITES industry has two major components: IT Services and business process outsourcing (BPO). The growth in the service sector in India has been led by the IT–ITES sector, contributing substantially to increase in GDP, employment, and exports. The sector has increased its contribution to India's GDP from 6.1% in 2009-10 to 6.4% in 2010-11. India is a preferred destination for companies looking to offshore their IT and back-office functions. It also retains its low-cost advantage and is a financially attractive location when viewed in combination with the business environment it offers and the availability of skilled people.

RESOURCES:

Considering Maharashtra’s strengths in terms of human resources, connectivity and infrastructure, and the special significance of Information Technology (IT) for generating employment, increasing efficiency and improving the quality of life, the State Government announced its first IT Policy in 1998. It was followed by the IT and IT Enabled Services (ITES) Policy in 2003 which provided comprehensive support for the further development of this sector in Maharashtra. Information technology (IT) sector in tier two cities like Nagpur, Aurangabad and Nashik are any indication, Maharashtra is all set to emerge as the next IT hub, after Bangalore and Hyderabad. So far, the growth of IT industry in the state has been concentrated in the Pune-Mumbai stretch. However, with the new focus in place, tier two cities are expected to mushroom as key IT centres.

 

GOVERNMENT POLICIES:

Government of Maharashtra has been supporting development of industry and business through a series of far-reaching policy initiatives. The Information Technology industry has been an important thrust area and has been receiving government support. During the last five years, the Government focussed on HRD, IT related infrastructure, fiscal incentives to IT units, IT in Governance and Institutional Framework for the IT sector.  These initiatives have enabled the IT industry in the State to establish an initial lead and a firm foundation for a quantum leap has been laid. Exports of software and ITES from the State presently account for about 20% share of the country’s exports.  These exports have registered an annual growth of more than 30% during the last four years. The whole State has been connected through an Optical Fibre Cable Network and a state wide network of competent training institutions has been established for building a pool of world-class IT professionals for providing strength and support to the IT industry in the State.

 

Biotechnology industry: Project Opportunities in Maharashtra

 

PROFILE:

Biotechnology deals with living systems, including plants, animals and microbes. Biotechnology derives its strength by harnessing biological processes that sustain life. It incorporates any technique, which uses living organisms, parts of organisms and enzymes, proteins, etc., which are either naturally occurring or are derived from such living systems. Such techniques can be used to make or modify the products, improve plant or animal productivity or develop microorganisms for special use. Emerging Biotechnology uses recombinant DNA, cell fusion, embryo manipulation, etc. Biotechnology has the potential to transform the lives of the people in the State by impacting hugely on agriculture, animal husbandry, health, environmental protection, material transformation, etc. Further, Maharashtra has the potential to become a leader in Biotechnology, not only in the country but also in the entire world.

RESOURCES:

The State has an excellent intellectual infrastructure. Through nearly 1000 institutions, it produces around 163,000 trained technical personnel each year. The State has already set up specialised parks for different sections including IT. The bio-industrial enterprises cannot sustain themselves unless they are backed up by a highly trained and skilled human resource. Some of the best Centres of excellence in India that are present in Maharashtra do precisely that. These include the Bhabha Atomic Research Centre, Indian Institute of Technology, Tata Institute of Fundamental Research, University Department of Chemical Technology, and the Cancer Research Institute, all at Mumbai. The Animal Diseases Investigations Laboratory, Pune involved in diagnosis and research of animal diseases, especially in four States of the Western region of the country, has been recognised as reference laboratory by Government of India. New forward looking initiatives in providing specialized education in Biotechnology have already begun to emerge. A number of defence research establishments in the State have been engaged in conducting cutting edge research in Biomedicals, Bioinformatics and Biotechnology.

GOVERNMENT POLICIES:

Maharashtra government is trying to develop biotech industry in the state in order to help to develop affordable and more cost effective drugs and devices to counter diseases common to India and to tropical and sub-tropical areas to reduce the disease burden. To lead the biotechnology industry in the State to a growth path from where it can become globally competitive, the following steps would be taken:

• Providing the appropriate policy framework which will smoothen its path;

• Providing adequate infrastructure, especially in the form of Biotechnology Parks

• Providing an appropriate package of incentives

• Developing a world-class higher education and research base to serve the needs of a growing Biotechnology industry and for creating high quality employment in the State

• Creating supporting institutions for the Biotechnology industry for  the development of human resource as well as for the applications of Biotechnology

• Simplifying the application of labour and other laws and procedures to accelerate the development and growth of the biotechnology industry

• Facilitating new ventures and innovations

 

Waste management: Project Opportunities in Maharashtra

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:

There are 250 urban local bodies (ULBs) in Maharashtra which comprises 23 Municipal Corporations, 220 Municipal Councils, 3 Cantonment Boards and 4 Nagar Pachayats. Per capita MSW generation in various towns of the state ranges 100 to 600 gram per day.  For class I cities in Maharashtra, the waste generation rates are in the range of 14 to 63 kg per capita per day, which includes Mumbai having the highest range of 0.63 kg per capita per day (pcpd). The average waste generation rate for the state is estimated as 35 kg pcpd.  As per the projection, the waste quantities are estimated to increase from 6.18 million tons per year in the year 2004 to 8.05 million tons per year in 2011 and 11.77 million tons per year in 2021. In total over 21632.3 tons per day (TPD) of MSW is generated of which around 50% is generated in Mumbai (8500 TPD), Thane (680 TPD), Pune (1740 TPD) and Kalyan (1050 TPD). Compare to other Metropolitan cities in India, MSW generation is highest in Mumbai.  Available data indicates that Waste generated in Maharashtra contains about 55% of Non-biodegradable and 45% biodegradable components. 

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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Disposable Plastic Syringes

A syringe is a simple piston pump consisting of a plunger that fits tightly in a tube. The plunger can be pulled and pushed along inside a cylindrical tube (the barrel) allowing the syringe to take in and expel a liquid or a gas through an orifice at open end of the tube. The open end of the syringe may be fitted with a hypodermic needle (a hollow needle commonly used with a syringe to inject substances into the body or extract fluids from it), a nozzle or tubing to help direct the flow into and out of the barrel. Disposable Syringes are being used by doctors to inject medicines through intravenous or intramuscular ways for the treatment of diseases & also by research & development personnel. Disposable syringes are made of plastic material and are used in the field of medical and veterinary science. Due to their availability in sterilized condition, ready to use, and cost effectiveness, disposable syringes are fast replacing the age-old glass syringes. Disposable syringes commonly are used in modern medicine for the injection of drugs and vaccines or for the extraction of blood. Among the common uses of disposable syringes are the injecting of insulin by a diabetic person and the administering of a local anesthesia by a dentist. A medical syringe that is used to give shots to more than one person without being properly sterilized is a potential source of disease. This can be an especially pressing concern in poor or undeveloped areas, where an injection often cannot be given under ideal medical conditions. The syringe market is expected to witness a robust growth owing to several factors, such as the rise in the demand for pre-filled syringes, growing prevalence of chronic diseases, such as diabetes, infectious diseases and cardiovascular diseases and the increase in the usage of Botox for therapeutic applications. Moreover, the increased adoption of inject table drugs, technological advancements in syringes, the increase in the geriatric population, growing number of vaccination and immunization programs are expected to drive the volume growth over the next few years. According to WHO estimates, around 16 billion injections are administered globally on an annual basis. On the other hand, the rise in the incidence of needle-stick injuries, a high cost associated with safety syringes, and disposable syringes are likely to hinder the growth of the syringe market globally. The Disposable Syringes market was valued at USD 7.10 billion in 2019 and is predicted to grow at a CAGR of 6.1% during the forecast period and is anticipated to reach USD 12.91 Billion by 2027. The growth of the market is attributed to growing prevalence of chronic diseases, especially diabetes, an increase in the usage of Botox, increased adoption of inject table drugs, technological advancements in syringes, an increase in the geriatric population, a growing number of vaccination and immunization programs. Based on the WHO estimates, 16 billion injections are administered each year globally. A Disposable Syringes is a medical tool used to administer injections of intravenous drugs into the patient’s blood stream or to draw blood sample. The rise in the population of geriatric patient, rising rate of diabetes across the world is another healthcare crises that drives the market growth. In addition, the convenience and practical approach in equipment handling is anticipated to boost the market during the forecast period. As a whole any entrepreneur can venture in this project without risk and earn profit. Few Indian major players are as under Baxter Pharmaceuticals India Pvt. Ltd. Disposable Medi-Aids Ltd. Hindustan Syringes & Medical Devices Ltd. Novo Nordisk India Ltd. Schott Kaisha Pvt. Ltd. S O L Pharmaceuticals Ltd.
Plant capacity: Disposable Plastic Syringes 2 ml Size: 700 Boxes / Day (Each Box = 100 Pcs) Disposable Plastic Syringes 3 ml Size: 700 Boxes / Day (Each Box = 100 Pcs) Disposable Plastic Syringes 5 ml Size: 600 Boxes / Day (Each Box = 100 Pcs)Plant & machinery: Rs 420 lakhs
Working capital: -T.C.I: Cost of Project : Rs 981 lakhs
Return: 22.00%Break even: 53.00%
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Bamboo Paper Based Products Tissue Paper, Paper Bags & Plates

Tissue paper is produced by using the paper pulp of hardwood and softwood trees, water and chemicals. It is majorly used for hygiene and sanitation purposes as it is more suitable and convenient to use for cleaning and dry wet surfaces. In addition, tissue paper is the soft, absorbent and disposable paper which is used for multipurpose including cleaning face as most suitable alternatives to the washable handkerchiefs, toilet paper, table napkins, etc. Toilet paper comes in various plies or layers of thickness, from one-ply all the way up to six-ply, meaning that it is either a single sheet or multiple sheets placed back to-back to make it thicker, stronger and more absorbent. Facial tissue and paper handkerchief refers to a class of soft, absorbent, disposable papers that are suitable for use on the face. They are disposable alternatives for cloth handkerchiefs. Paper bags are widely used in clothing, food, shoes, gifts, alcohol, drugs and other areas of packaging. At present, we can use them a lot of paper divided into two types of mobile. Bamboos plates are eco-friendly are come from 100 percent bamboo. They are also both compostable within a quick 2-6 months depending on the product and the process used to create it. Bamboo is quickly becoming very popular due to its ease of growth and cultivation. It can grow in many kinds of climates and reproduces both quickly and easily. Increasing awareness regarding health and hygiene among the population is one of the key factors supporting the growth of the tissue paper market. The other key factors which are responsible for driving the tissue paper market include ease of use, cost-effectiveness and low penetration of tissue paper substitutes across the globe. Moreover, increasing women workforce has led to the growing usage of tissue paper products that will further boost the global tissue paper market. A rise in the healthcare expenditure and change in the lifestyle of consumers will propel the growth of the tissue paper market. In addition, booming tourism and hospitality industries will increase the demand for tissue paper globally. For instance, the transportation cost of tissue papers is increasing then its actual cost owing to the spread of the COVID-19 across the globe which will further impact the growth of the tissue paper market. However, fluctuation in raw material prices and increasing concern regarding the deforestation will hamper the growth of the global tissue paper market. Globally the organic tissue paper market is estimated to escalate at a higher growth rate which is supported by increasing demand of naturally biodegradable personal care products. Rising application of organic tissue paper for facial application is supporting the market growth. Availability of different product type and improved distribution channel is playing the key role for organic tissue paper market growth. All these factors contribute to the calculated CAGR of 4.2% of organic tissue paper market during 2017-2023. The Indian Paper Industry accounts for about 1.6% of the world’s production of paper and paperboard. The global paper industry is highly concentrated in the China, United States, Japan, Germany, Canada, Finland, Sweden & Indonesia which together accounted for more than 65% of total paper production. This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under B & A Packaging India Ltd. Kimberly-Clark India Pvt. Ltd. Pudumjee Paper Products Ltd. Andhra Paper Ltd. Johnson & Johnson Pvt. Ltd. Nippon Paper Foodpac Pvt. Ltd.
Plant capacity: Tissue Paper per Packet 25 Pcs. each : 7,000 Pkts. / Day Paper Bag per Packet 10 Pcs. each : 7,200 Pkts. / Day Paper Plate per Packet 10 Pcs. each : 2,500 Pkts. / DayPlant & machinery: Rs 73 lakhs
Working capital: -T.C.I: Cost of Project : Rs 307 lakhs
Return: 27.00%Break even: 60.00%
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Tomato Products Tomato Ketchup, Sauce and Soup

Tomatoes are widely consumed and worldwide cultivated. They are one of the most important crops around the world. Tomato (Lycopersiconesculentum) belongs to the genus Lycopersicon under Solanaceae family. Tomato is an herbaceous sprawling plant growing to 1-3 m in height with weak woody stem. The flowers are yellow in colour and the fruits of cultivated varieties vary in size from cherry tomatoes, about 1–2 cm in size to beefsteak tomatoes, about 10 cm or more in diameter. Most cultivars produce red fruits when ripe. Tomato is a native to Peruvian and Mexican region. Tomato is indigenous to the Peru and Equator region in South America and it probably evolved from Lycopersiconesculentum var. cerasiforme, the cherry form. However, it was domesticated and first cultivated in Central America by early Indian civilizations of Mexico. Tomato is a valuable raw material used for processed products such as juice, puree, and paste, ketchup/sauce, and canned whole. The recent scientific advances have revolutionized tomato processing industries. Tomato ketchup, Soups and Sauce are all palatable foods, used in all hotels, restaurants and houses. Tomatoes sauce and ketchup can enhance the flavor of almost any cooked dish. Cooking tomatoes — such as in spaghetti sauce — makes the fruit heart-healthier and boosts its cancer-fighting ability. All this, despite a loss of vitamin C during the cooking process, substantially raises the levels of beneficial photochemical. Ketchup is a sweeter and diluted version of puree (Pulp). Tomato sauce tastes sweet and sour. Both sauce and ketchup are consumed with food and snacks. Tomato processing industry is huge. The only ketchup and sauce market in India is pegged at Rs 1,000 crore and growing at around 20% year-on-year. There is a big market for the processed tomato products. The market scenario has revealed a positive indication for the specially packed tomato sauce in local as well as outside market. Rapid urbanization has increased the use of processed tomato products. Fast food and ketchup are directly proportional to one another. The sweet and tangy taste provided by ketchup adds to the entire experience of a delicious or finger licking meal. Thus the rise in the demand for fast food has resulted in the rise in the demand for ketchup in India. With the growing patterns of fast food consumption in the country the need for ketchup is also increasing. According to a recent survey conducted by Down to Earth it is estimated that Indians spend about ` 4,449 crore a year in fast-food centers. Entrepreneurs who invest in this project will be successful. Few Indian major players are as under Adinath Agro Processed Foods Pvt. Ltd. Cremica Food Inds. Ltd. Nestle India Ltd Hindustan Unilever Ltd. Sublime Foods Ltd. Veeba Food Services Pvt. Ltd. Tropicana Beverages Co
Plant capacity: Tomato Ketchup (500 gms Size Glass Bottle) : 2,000 Kgs / Day Tomato Sauce (500 gms Size Glass Bottle): 2,000 Kgs / Day Tomato Soup (50 gms Size Pouch): 1,000 Kgs / DayPlant & machinery: Rs 387 lakhs
Working capital: -T.C.I: Cost of Project : Rs 686 lakhs
Return: 26.00%Break even: 57.00%
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IV Fluids (BFS Technology)

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. Another cause is blood loss, which causes problems both because people lose blood products, and because they experience a loss in fluid volume. Electrolyte levels in the blood can also become unstable as a result of rapid changes in fluid volume, in which case intravenous fluids can be used to restore the balance. 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. 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 manufacture packaged intravenous fluids or products or compounds which can be mixed with sterile water to prepare a solution for intravenous administration. 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. The factors which drive the growth of the market are the rising prevalence of chronic diseases, rising acceptance of vitamin C intravenous treatment therapy to treat colorectal cancer. Thus, due to demand it is best to invest in this project. Few Indian major players are as under Abaris Healthcare Pvt. Ltd. Axa Parenterals Ltd. Infutec Healthcare Ltd. Parenteral Surgicals Ltd Pharmazell (India) Pvt. Ltd. Shree Krishna Keshav Laboratories Ltd. Punjab Formulations Ltd.
Plant capacity: IV Fluids (500 ml Size Bottle) :100,000 Bottles / DayPlant & machinery: Rs 751 lakhs
Working capital: -T.C.I: Cost of Project : Rs 1277 lakhs
Return: 26.00%Break even: 54.00%
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Disposable Surgical Gloves

A surgical (surgeon’s) glove is made of natural or synthetic rubber intended to be worn by operating room personnel to protect a surgical wound from contamination. Surgical gloves have more precise sizing (numbered sizing, generally from size 5.5 to size 9), and are made to higher specifications. They are hand specific. Non-latex materials gloves have not yet replaced latex gloves in surgical procedures, as gloves made of alternate materials generally do not fully match the fine control or greater sensitivity to touch available with latex surgical gloves. High-grade non-latex gloves (such as Nitrile gloves) also cost two or more times the price of their latex counterparts, a fact that has often prevented switching to these alternate materials in cost-sensitive environments, such as many hospitals. Powder-free medical gloves are also used in medical clean room environments, where the need for cleanliness is often similar to that in a sensitive medical environment. Similar but specially tested gloves are used in electronics clean rooms. The global disposable gloves market size was valued at USD 8.19 billion in 2017.Growing demand for disposable gloves in medical and healthcare, pharmaceutical, automotive finishing, chemical, and oil and gas industries has been a major factor driving the industry over the past few years. In addition, use of the product in the food processing industry is likely to complement market growth. Increasing awareness pertaining to employee health and safety, coupled with rising concern regarding skin diseases in the industrial sector, is expected to drive the market over the projected period. Technological innovation, supported by availability of customized designs to cater to specific industry demands, is likely to have a positive impact on demand. Increasing aging population and occurrences of chronic health issues necessitate the presence of reliable and upgraded emergency medical services. Growing demand for outpatient, ambulatory care and EMS in U.S. is expected to steer investments in medical infrastructure over the long term, subsequently driving demand for medical products such as gloves. The demand for rubber gloves is rapidly increasing on account of rapid industrialization and urbanization of our country currently taking place. Several workers in the chemical, electrical and food processing industries use rubber gloves. Similarly, the number of people using gloves for household purposes during handling of detergents, floor polishes, pesticides and the like is also increasing especially in the urban areas. As a whole any entrepreneur can venture in this project without risk and earn profit. Few Indian major players are as under Accent Industries Ltd. Acknit Industries Ltd. Casil Health Products Ltd. Casil Health Products Ltd. Sri Kannapiran Mills Ltd. London Rubber India Ltd.
Plant capacity: Disposable Surgical Latex Rubber Gloves (Wt. 4± 0.02 gms each) : 40,000 Pairs / DayPlant & machinery: Rs 240 lakhs
Working capital: -T.C.I: Cost of Project : Rs 936 lakhs
Return: 26.00%Break even: 45.00%
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Natural Glycerine

Glycerine (sometimes called ‘‘glycerin’’) is the name of the commercial product consisting of glycerol and a small amount of water. Glycerol is actually trihydric alcohol C2H5 (OH) 3, which is more accurately named 1, 2, 3-propanetriol. Much of the naturally produced (as opposed to synthetic) glycerin is a coproduce of saponification of fats using caustic soda. Glycerine is a trihydric alcohol and, like other alcohols, forms esters, ethers. Amines, aldehydes, and compounds analogous to metallic alcoholates. But, because of its multiple hydroxyl groups, it can be reacted to form an unusually large number of derivatives. One, two or three of these hydroxyls can be replaced with other chemical groups, thus permitting the synthesis of many different derivatives with properties designed for specific applications. Global glycerin market witnessed a decline in demand in recent years, shadowing the slump in macro economy. The crude glycerin market was largely depressed in comparison to refined glycerin, due to the inability to transform crude glycerin into refined products. Nonetheless, the market has bottomed out of the recession and is displaying early signs of recovery. Operations as well as demand in the overall market for oleo chemicals, including glycerin, improved considerably in 2010. However, increasing prices for feedstock is expected to hinder the market in the near term. Setting up of new plants for conversion of glycerin into polyol including ethylene glycol and propylene glycol is forecast to open a wide range of downstream markets for glycerin. The worldwide glycerin market is known for its unpredictable and complex nature as it is produced as a co-product of canola methyl ester production and is marketed in refined or crude form. Production of glycerin is directly affected by demand in several end use segments including pharmaceuticals, food and personal care. Demand drivers for glycerin market include a wide range of existing applications, economical new end-uses, loyal end users who are unwilling to use substitutes, and eco-friendly nature of products. Further, as glycerin turns less expensive than other humectants, it stands to be the preferred choice among oleo chemicals. Increased applications of glycerin in various sectors such as pharmaceuticals, personal care and food & beverages, coupled with lower import duties in the Chinese market is expected to boost demand for glycerin in the Asia-Pacific region. Latin America is projected to register the fastest compounded annual growth rate of 6.75% over the analysis period. This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under Godrej Consumer Products Ltd. Godrej Industries Ltd. Golden Agro-Tech Inds. Ltd. Gujarat-Godrej Innovative Chemicals Ltd. [Erstwhile] Micron Chemicals Ltd. Ruchi Soya Inds. Ltd. Raj Agro Mills Ltd.
Plant capacity: Natural Glycerin: 50 MT / Day Crude Fatty Acid-by product: 30 MT / DayPlant & machinery: Rs 415 lakhs
Working capital: -T.C.I: Cost of Project : Rs 1537 lakhs
Return: 30.00%Break even: 55.00%
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Pectin from Citrus, Lemon and Oranges

Pectin is a naturally occurring substance (a polysaccharide) found in all plant tissue, calcium pectin being present between the cell walls and serving as a strengthening or building agent. Fruits naturally possessing relatively large amount of pectin include lemons, bitter oranges, apples, quinces, currants and plums. Pectins are a class of complex polysaccharides found in the cell walls of higher plants, where they function as a hydrating agent and cementing material for the cellulosic network. They are commonly produced during the initial stages of primary cell wall growth and make about one third of the cell wall of dry substances of dicotyledonous and some monocotyledonous plants. The main exceptions are the cell walls of the Germaine family, which may contain pectin of normal structure but in very small amounts. In recent days, pectin has found increased application as an additive to dairy products. Yogurt containing fruit bases has been growing in popularity. Substituting pectin for modified starch as a thickening agent in yogurts will maintain a uniform distribution of fruit throughout the yogurt without masking delicate fruit flavors. Furthermore unlike starches, pectin will not introduce a floury texture to yogurts. If the fruit bases contain 60% sugar, then HMP can be added. If the sugar content is lower than 60%, then ALMP is added. HMP stabilizes casein against a predation, when heated a pH less than 4.3. Thus it is added as a stabilizer in ultrahigh-temperature-treated yogurt drinks and to milks blended with fruit juices. Although the industry for pectin is rapidly growing driven by rising demand for processed and convenience foods, growing preference towards functional foods from various health conscious consumers have also played a key role in the growth of the market. In addition, the industry has been witnessing demand for low-calorie and low-fat food products from consumers resulting in more demand for pectin from food manufacturers. Based on these factors, pectin is considered as an essential food additive due to which the market is liable to increase significantly. The global pectin market has grown at a CAGR of around 6% during 2008-2015. Market for pectin has been witnessing significant growth on account of rising demand for food products from developed as well as developing economies. The industry has been mature in developed regions such Europe, followed by North America. However, the industry for pectin is anticipated to grow rapidly in emerging economies such as China and India owing to change in lifestyle of the individuals as well as changing consumer preferences for convenience foods. Moreover, economic development in China has resulted in increasing purchase power of consumers, leading to increasing demand for high-quality processed foods. Growing health awareness among consumers for functional foods is expected to be one of the major factors driving the demand for pectin over the forecast period. Moreover, multi-functionality of pectin in various dairy and functional foods is expected to broaden their application scope in the food industry, further leading to the growth of the market. However, unavailability of raw materials to pectin as well as fluctuations in the prices of these raw materials is expected to hamper the growth of the market. Cost of raw materials for manufacturing pectin, which includes citrus peel and apple pomade have increased due to risen processing costs and prices of citrus fruits. Pricing and supply of these fruits are significantly affected by the weather conditions with a citrus disease known as “greening” affecting the industry performance. Entrepreneurs who invest in this project will be successful.
Plant capacity: Pectin : 500 Kgs / DayPlant & machinery: Rs 1403 lakhs
Working capital: -T.C.I: Cost of Project : Rs 1869 lakhs
Return: 25.00%Break even: 45.00%
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Dehydrated Onion

Onion is one of the most important commercial vegetable crops grown in India. Both immature and mature bulbs are used as vegetable and condiment. It contains vitamin B and a trace of vitamin C and also traces of iron and calcium. The outstanding characteristic of onion is its pungency, which is due to a volatile oil known as allyl-propyl disulphide. Onions compared with other fresh vegetable are relatively high in food energy, intermediate in protein content and rich in calcium and riboflavin. In the food processing field, dehydration is sometimes described as the removal of 85% or more of water from a food substance, by exposure to thermal energy by various means. Thermal dehydration reduces volume of the product, increases shelf-life, and lowers transportation cost. There is no clearly defined line of demarcation between drying and dehydrating, and latter sometimes being considered as a supplement of drying. Usually, the direct use of solar energy, as in the drying of raisin, layette is not lumped with dehydrating. The term dehydration also is not generally applied to situations where there is a loss of water as the result of evaporation. Dehydrated onions are used chiefly as a constituent in various food products i.e. they are sold to manufacturing concerns as an industrial raw material and demand for dehydrated onions is a function of the demand of these food products. However there is a demand for dehydrated onions for use as culinary onions, both by large catering concerns - institutions and industrial canteens; and for domestic use. The other use of dehydrated onions is in the manufacture of dried soups-once virtually the sole outlet for these products, but now declining in relative importance, as other applications including use in canned soups and stews, baby foods, fish, meat and bakery products and more recently in dried `ready-meals' have been developed. So far as possible both merchants and users were consulted in due course. Since there are relatively few dried soup manufacturers, it was possible to contact a majority of the users in this class. Retail outlets obtain supplies largely from food manufacturers. The different market sectors account for varying proportions of demand for dehydrated onions. Dehydrated onion slices and pieces are sold to all four market sectors. The global market for dehydrated onions registered the revenue worth US$ 950 Mn in 2017, which is likely to reach in excess of US$ 1,500 Mn by the end of 2028.Future Market Insights expects the dehydrated onions market to observe stable growth at a promising CAGR of 4.8% over the 10-year assessment period, 2018-2028. India had exported about 50,000 tonnes in 2016 and the industry is expecting to export about 35,000-40,000 tonnes. India is offering dehydrated onions at $1,650 per tonne while China and Egypt offer it in $2,000 a tonne. On the other hand, the country is having about 20,000 tonnes of dehydrated onion carry-forward stock unsold with the producers. Exports begin in January every year and by June end, the country exports almost 85-90 per cent. In India dehydration of many food products especially vegetables and some fruits are in practices at home and industry level throughout year. Thus, due to demand it is best to invest in this project. Few Indian major players are as under Darshan Foods Pvt. Ltd. Hindustan Foods Ltd. Meghmani Organics Ltd. L M P Gujarat Agro Exports Ltd. Kasaar Innovative Foods Ltd. Jain Irrigation Systems Ltd. S Y P Agro Foods Ltd.
Plant capacity: Dehydrated Onion Sliced/Chopped : 50 MT / Day Cattle Feed as By Product : 35 MT / DayPlant & machinery: Rs 2976 lakhs
Working capital: -T.C.I: Cost of Project : Rs 5116 lakhs
Return: 27.00%Break even: 43.00%
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Banana Powder

Banana is the common name for a type of fruit and also the herbaceous plants of the genus Musa. Banana is amongst the most versatile and most widely eaten fruits in the world today. Bananas come in a variety of sizes and colors when ripe, including yellow, purple, and red. Bananas can be eaten raw though some varieties are generally cooked first. Banana fruit is economically one of the most important fruit produced and consumed in the world. In some parts of the world, banana is called plantain. The soft and sweet fruit of this tropical plant is enjoyed by people from around the world. Fully ripe banana pulp contained 33.6% reducing sugars, 53.2% sucrose, 5.52% protein, 0.68% fat, 0.30% fiber, 2.58% starch and 4.09% ash. Banana has various uses that can be turned into many processed products. In addition to banana exporting, processing banana into different products could mean additional income for banana farmers. Banana powder is a powder made from processed bananas. Banana powder is formed by using banana pulp, which is chopped and then processed with hydraulic shear using a colloid mill, turning it into a paste. The paste is then dried by either spray or drum-drying. Good quality pulp with proper drying produces good quality powder. Spoilage due to microbial and enzyme activity is greatly reduced at the moisture level of 7.0% but caking is easily developed in banana powder during storage if improper packaging materials are used for the purpose due to its high sugar content. Banana powder is a powder made from processed bananas. It is used as a component for production of milk shakes and baby foods. It is also used in the manufacture of various types of cakes and biscuits. Banana powder has been studied to prevent ulcer formation induced by a variety of drugs, including aspirin, indomethacin, phenyl-butanone, Prednisolone, cyst amine and histamine. Banana powder treatment not only strengthens mucosal resistance against ulcer gens but also promotes healing by inducing cellular proliferation. Banana powder also used as natural super disintegrating agent and natural flavoring agent, the banana powder had more disintegration property when compared to synthetic super disintegrates. Banana powder is used as binder in the animal feeds and used additive. Banana powder is also a major source of carbohydrate and calories which makes it more ideal component for infant formula. In terms of value, the global banana powder market is expected to reach a market value of US$ 774.4 Mn by the end of 2027, with an anticipated CAGR of 3.9% over the forecast period. The drivers for the growth of the banana powder market include rising demand for anti-diarrheal in pharmaceutical, rise in production of bakery products using banana powder, increase in use of banana powder for baby food, banana powder is an alternative for gluten free products. India is the 2nd largest producer of fruits in the world. In case of banana, it is the largest producer. The annual world production of fruit is 370 million metric tons. Of which India contributes about 32 million metric tons which accounts for 8% of total fruit production in the world. Thus, due to demand it is best to invest in this project. Few Indian major players are as under Aarkay Food Products Ltd. Canfruit Export India Ltd. Galla Foods Pvt. Ltd. Saish Agro Food (India) Pvt. Ltd Ingredients (India) Pvt. Ltd. Srini Food Park Pvt. Ltd. Vinsari Fruitech Ltd.
Plant capacity: Banana Powder : 1,000 Kgs / DayPlant & machinery: Rs 190 lakhs
Working capital: -T.C.I: Cost of Project: Rs 417 lakhs
Return: 27.00%Break even: 62.00%
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Production of Composite Materials

Production of Composite Materials-Carbon Fiber Composites and Glass Fiber Composites. Manufacturing Business Plan & Investment Opportunity for Entrepreneurs. Composite materials have played an important role throughout human history, from housing early civilizations to enabling future innovations. Composites offer many benefits; the key among them are corrosion resistance, design flexibility, durability, light weight, and strength. Composites have permeated our everyday lives such as products that are used in constructions, medical applications, oil and gas, transportation, sports, aerospace, and many more. Some applications, such as rocket ships, probably would not get off the ground without composite materials. the advantages of Fibre composite materials as well as fundamental effects, product development, and applications of Fibre composites, including material chemistry, designing, manufacturing, properties, and utilization of the materials in various applications. Related Project: - Composite Materials-Carbon Fibre Composites & Glass Fibre Composites Characteristics of Composite Materials High specific strength and modulus, as well as high fatigue strength and fatigue damage tolerance Anisotropic Designable or tailor able materials for both microstructure and properties Production of both material and structure or component in a single Operation - manufacturing flexible, net-shape, complex geometry Corrosion resistance and durable Other unique functional properties - damping, low CTE (coefficient of thermal expansion) Related Projects: - New Projects Why use Composites? Weight saving is one of the main reasons for using composite materials rather than conventional materials for components. While composites are lighter they can also be stronger than other materials, for example, reinforced carbon-Fibre can be up to five times stronger than 1020 grade steel and only one fifth of the weight, making it perfect for structural purposes. Another advantage of using a composite over a conventional type of material is the thermal and chemical resistance as well as the electrical insulation properties. Unlike conventional materials, composites can have multiple properties not often found in a single material. Fibre reinforced composites, such as Fibre reinforced plastic (FRP composites), are finding increasing use in the design and manufacture of final products for commercialization. Related Projects:- Carbon Fiber, Carbon Fiber Composites, Graphite Fibre and Carbon Fiber Reinforced Polymer Projects Uses As with all engineering materials, composites have particular strengths and weaknesses, which should be considered at the specifying stage. Composites are by no means the right material for every job. However, a major driving force behind the development of composites has been that the combination of the reinforcement and the matrix can be changed to meet the required final properties of a component. For example, if the final component needs to be fire-resistant, a fire-retardant matrix can be used in the development stage so that it has this property. Weight Reduction Durability and Maintenance Added Functionality Design Freedom Related Videos:- Carbon Fiber, Carbon Fiber Composites, Graphite Fibre and Carbon Fiber Reinforced Polymer Projects Market Outlook The global composites market size is projected to grow from USD 74.0 billion in 2020 to USD 112.8 billion by 2025, at a CAGR of 8.8%. The composites industry is growing due to the rise in demand for high performance materials, globally. The automotive segment is becoming increasingly obsessive with consumption of carbon fiber and has increased significantly over the past years. The increasing demand for electric vehicles in countries like China and United States is also a major driving factor for the demand for composite material. Asia Pacific had the largest composite material demand and is anticipated to continue dominance owing to favorable FDI policies by Indian and Chinese Governments over the next seven years. Developed regions including North America and Europe are expected to follow Asia Pacific over the next seven years on account of rising lightweight materials used for vehicle components. Nonetheless, lower per capita composite materials consumption in BRIC is expected to provide an impetus for market growth over the forecast period. Favorable government regulations are anticipated to lower entry barriers for new market participants in emerging economies resulting in higher market fragmentation over the next seven years. Increasing demand for lightweight materials in the aerospace and defense industry is expected to drive the demand. Related Project:- Composite Materials-Carbon Fibre Composites & Glass Fibre Composites Composite materials are more expensive than other plastic materials that are utilized in the manufacture of vehicles. This is expected to restrain the automotive composite materials market to some extent in the near future. The basic cost of carbon fiber is way higher than that of metal. Furthermore, the processing of carbon fibers is an expensive process, especially when it comes to mass production of automotive components. However, the development of low-cost manufacturing methods for automotive composites is receiving a lot of attention from leading vehicle manufacturers across the world. These drawbacks of composite materials are expected to hamper the automotive composite materials market. Projects: - Project Reports & Profiles Key players:- Ahlstrom Munksjo Fiber composites India Pvt. Ltd. Chevron Glassfibre Reinforcements Ltd. Cosmos Fibre Glass Ltd. Everlast Composites Pvt. Ltd. Goa Glass Fibre Ltd. Hindoostan Technical Fabrics Ltd. Ineos Styrolution India Ltd. Jushi India Pvt. Ltd. Magnus Composites Synergies Pvt. Ltd. Owens Corning Inds. (India) Pvt. Ltd. Teijin India Pvt. Ltd. U P Twiga Fiberglass Ltd. For More Details, Click Here: - Tags:- #CompositeMaterials #CompositeMaterials #CompositeMaterialsBusiness #CarbonFibreComposite #CarbonFibreCompositeMarket #CarbonFibreCompositeManufacturing #GlassFibreComposites #CompositeMaterialManufacturing #CompositeMaterialProduction #CompositeMaterialIndustry #CompositeMaterialInvestment #CompositeMaterialBook #SatrupCompositeMaterial #DetailedProjectReport #businessconsultant #BusinessPlan #feasibilityReport #ProjectReport #NPCS #bussinessplanshub #Startupbusiness4you #StartupBusinessPlan #startupinvestment #startup #bussinessplanshub #Startupbusiness4you #StartupBusinessPlan #startupinvestment #startup #InvestInStartups #StartupIndiaConsultants #Plan4Business #StartupPlan #InvestingCapitalForBusiness #HowToMakeYourBusinessMoreSuccessful #investorbusiness #Startupcapital #BusinessPlanning #TechnologyTrendsForBusiness #StartupIdea #bookoftheday
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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