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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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Precipitated Silica from Rice Husk Ash - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

Rice husk is an agricultural residue easily available in rice producing countries. India is a major rice producing country, and the husk generated during milling is mostly used as a fuel in the boilers for processing paddy, producing energy through direct combustion & or by gasification. The rice husk contains about 75% organic volatile matter & the balance 25% of the weight of this husk is converted into ash during the firing process, is known as rice husk ash (RHA). This RHA in turn contains around 85%–92% amorphous silica. Silica is one of the valuable inorganic chemical compounds. It can exist in gel, crystalline and amorphous forms. It is the most abundant material in the earth’s crust. Silica is the major constituent of rice husk ash. With such a large ash content & silica content in the ash it becomes economical to extract silica from the ash, which has wide market & also takes care of ash disposal. Precipitated Silica (also called particulate silica) is composed of aggregates of ultimate particles of colloidal size that have not become linked in massive gel network during the preparation process. Precipitated Silica soluble silicate solutions are of fine controlled particle size & porous in nature. Precipitated silica powders have a more open structure with higher volume than dried pulverized gels. Precipitated silica is used as filler for paper & rubber as a carrier & diluents for agricultural chemicals, as an anti caking agent, to control viscosity & thickness and as a cleansing agent in toothpastes & in cosmetics. Precipitated silica also finds its applications as anti caking agents in food industry & as thermal insulators. Precipitated silica is perhaps the best not black filler and reinforcing agent used in rubber industry especially for the production of silicon rubber. Precipitated silica market is fragmented and major portion of the global market share is constituted by regional players. Therefore, precipitated silica market has high price sensitivity. Moreover low capital investment has increased the threat of new entrants in the market mainly in the developing economies. There has been surge in investment by major players in the emerging economies. Thus, Precipitated Silica from Rice Husk Ash as an entrepreneur, offers an exciting opportunity to you.
Plant capacity: Precipitated Silica: 5 MT/Day,CaCO3 (by product):10.3 MT/DayPlant & machinery: Rs 437 Lakhs
Working capital: -T.C.I: Cost of Project: Rs 660 Lakhs
Return: 24.00%Break even: 55.00%
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TMT Bar - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics

Steel is a generic name for a group of ferrous metals which due to their abundance durability versatility and low cost are most useful metallic material known to mankind. TMT Bars are re rolled bars from Ingots/Billets. TMT Bars can be described as new-generation high strength steel having superior properties such as weldability, strength, ductility and tensile strength, which meet the highest international quality standards. Thermo Mechanical Treatment (TMT) process for reinforcement bars is opening up new vistas in composite RCC, the re-enforcing steel is the costliest constituent (30 To 40% Per Cu. M. of concrete). TMT Bars have excellent ductility and higher fatigue strength, which make them suitable for structures and foundations that are subject to dynamic and seismic loading. They also possess excellent weldability because carbon is restricted below 25% and are resistant to fire hazards with no loss of strength up to 300 degrees Celsius. Better bendability also makes them easily workable at site and they are used in a wide range of applications. Thus, due to demand it is a good project for entrepreneurs to invest. Few Indian Major Players are as under • A S R Multimetals Pvt. Ltd. • Aadhunik Steels Ltd. • Anil Special Steel Inds. Ltd. • Ankit Metal & Power Ltd. • Apple Sponge & Power Ltd. • B M W Industries Ltd. • Chamundi Steel Castings (India) Ltd. • Concast Bengal Inds. Ltd. • Crystal Cable Inds. Ltd. • D S C Ltd. • Faridabad Investment Co. Ltd. • Hans Ispat Ltd. • Hira Ferro Alloys Ltd. • Jai Hind Wire Rod Mills Ltd. • Jai Raj Ispat Ltd. • Kohinoor Steel Pvt. Ltd. • M S P Steel & Power Ltd. • Mauria Udyog Ltd. • Mohan Steels Ltd. • P L G Power Ltd. • R K K R Steels Ltd. • Rathi Steel & Power Ltd. • S K M Steels Ltd. • S M C Power Generation Ltd. • S P S Steels Rolling Mills Ltd. • Sandur Manganese & Iron Ores Ltd. • Sujana Metal Products Ltd. • Tata Steel Processing & Distribution Ltd. • Vikash Metal & Power Ltd. • Viksit Engineering Ltd. • Vinayaga Infra (India) Ltd. • Vinayak Steels Ltd. • Welspun Steel Ltd. • Welspun Tradings Ltd.
Plant capacity: TMT Bar: 125 MT/Day • Scraps: 6MT/DayPlant & machinery: Rs 730 Lakhs
Working capital: -T.C.I: Cost of Project: Rs 1675 Lakhs
Return: 28.00%Break even: 58.00%
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Clinker Grinding for Cement - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

Cement is an inorganic, non-metallic substance with hydraulic binding properties, and is used as a bonding agent in building materials. It is a fine powder, usually gray in color that consists of a mixture of the hydraulic cement minerals to which one or more forms of calcium sulfate have been added. Mixed with water it forms a paste, which hardens due to formation of cement mineral hydrates. Cement is the binding agent in concrete, which is a combination of cement, mineral aggregates and water. Concrete is a key building material for a variety of applications. In the manufacture of Portland cement, clinker is lumps or nodules, usually 3-25 mm in diameter, produced by sintering limestone and alumino-silicate during the cement kiln stage. Clinker is the main ingredient in cement. These hardened granules are obtained by firing a mixture of approximately 80% limestone and 20% clay to a high temperature. The most commonly used cement in the world is Portland cement, which is formed at high temperatures that chemically combine the ingredients into new components, including calcium silicates and calcium aluminates. When the cement clinkers are ground with approximately 5% gypsum, they form Portland cement. These compounds allow cement to set when combined with water and to form strong bonds that can withstand pressure, water immersion, and other elements. Cement Clinker is an intermediate product used in manufacture of Portland and Blended Cements in Cement. Portland cement clinker is ground (usually with the addition of a little gypsum, that is, calcium sulfate dehydrate) to a fine powder and used as the binder in many cement products. As a whole it is a good project for entrepreneurs to invest. Few Indian Major Players are as under • A C C Ltd. • Almora Magnesite Ltd. • Ambuja Cement Eastern Ltd. • Ambuja Cement Rajasthan Ltd. • Ambuja Cements Ltd. • Anjani Portland Cement Ltd. • Barak Valley Cements Ltd. • Bheema Cements Ltd. • Bhilai Jaypee Cement Ltd. • Birla Corporation Ltd. • Cement Manufacturing Co. Ltd. • Century Textiles & Inds. Ltd. • Chettinad Cement Corpn. Ltd. • Dalmia Cement (Bharat) Ltd. • Dhar Cement Ltd. • Gangotri Cement Ltd. • Greygold Cements Ltd. • Gujarat High Tech Inds. Ltd. • Gujarat Sidhee Cement Ltd. • Hemadri Cements Ltd. • K C P Ltd. • Keerthi Industries Ltd. • Khalari Cements Ltd. • Lafarge India Pvt. Ltd. • Malabar Cements Ltd. • Mangalam Cement Ltd. • Meghalaya Cement Ltd. • My Home Inds. Ltd. • N C L Industries Ltd. • Namo Cements Ltd. • Narmada Cement Co. Ltd. • C L India Ltd. • Orient Cement Ltd. • P R Cements Ltd. • Ramco Cements Ltd. • Ramco Industries Ltd. • Rashmi Cement Ltd. • Rishi Cement Co. Ltd. • Sanghi Industries Ltd. • Saurashtra Cement Ltd. • Shaktiman Cements Ltd. • Shiva Cement Ltd. • Shree Cement Ltd. • Shree Digvijay Cement Co. Ltd. • Shri Hariganga Cement Ltd. • Snhehadhara Industries Ltd. • Sparta Cements & Infra Ltd. • Sri Vishnu Cement Ltd. • Srichakra Cements Ltd. • Tata Chemicals Ltd. • Trinetra Cement Ltd. • Ultratech Cement Ltd. • Vinay Cements Ltd. • Virgo Cements Ltd. • Visaka Cement Industry Ltd. • Zuari Cement Ltd.
Plant capacity: Clinker for Cement: 100 MT/DayPlant & machinery: Rs 436 Lakhs
Working capital: -T.C.I: Cost of Project: Rs 907 Lakhs
Return: 23.00%Break even: 55.00%
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SORBIC ACID - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics

Sorbic acid is a natural, organic preservative frequently used to maintain the freshness of a variety of human foods, drugs, and cosmetic products. Potassium sorbate and sorbic acid possess antifungal, and to a lesser extent antibacterial, properties. Sorbic acid also inhibits mold growth. Some of the important species that are suppressed by sorbic acid belong to the genera Alternaria, Botrytis, Cladosporiwn, Fusariwn, Mucor, Penicilliwn, Rhizopus, Trichoderma. Mold can be a problem in wine cellars. To control mold in the wine cellar, sorbic acid could be included in the antimicrobial compounds used for sanitizing. APPLICATIONS AND USES OF SORBIC ACID Here are a few specific applications with a few details: Dairy Products - The most common methods of application include dipping or spraying with potassium sorbate solutions for natural cheeses and direct addition for processed cheeses. For cottage cheese sorbic acid is added to the cream dressing before pasteurisation. Sorbic Acid in Beverage- Sorbic Acid is widely used as preservative in beverage. As preservative: in carbonated drinks, fruit drinks, dairy drinks to inhibit microbial. Sorbic Acid in Wines - Sorbic acid is used in table wines to prevent secondary fermentation of residual sugar. The addition of sorbic acid affords protection against recontamination by yeasts that have been heated or filter sterilized, but at these low levels it does not provide adequate protection against undesirable malolactic and acetic acid bacteria. ? Sorbic Acid in Pharmaceutical- Sorbic Acid is widely used apreservative in Pharmaceutical. As preservative: in intravenous injected liquid and nutrient solution to inhibit microbial. ? Sorbic Acid in Meat and Poultry - For fresh poultry, a dip in potassium sorbate significantly reduces the total number of viable bacteria and doubles the refrigerated shelf life. Country-cured hams sprayed with sorbate solution result in no mold growth for 30 days. ? Sorbic Acid in Fruit and Vegetable Products - Sorbates are applied as a fungistat for prunes, pickles, relishes, maraschino cherries, olives and figs. The same levels extend the shelf life of prepared salads ,eg, potato salad, coleslaw, tuna salad, etc. In the fermented vegetables, it is used to retard yeasts during fermentation. ? Sorbic Acid in Bakery Products - Sorbates are used in and/or on yeast-raised and chemically leavened bakery products. The use of sorbates in yeast raised products at one fourth the level that is normally added provides the same shelf life without adversely affecting the yeast fermentation. Sorbates added at one tenth the propionate level reduces the mix time by 30%. This internal treatment is used in combination to an external spray of potassium sorbate to increase the shelf life of bakery products. ? Sorbic Acid in Cosmetics- Sorbic Acid is widely used as preservative in Cosmetics. As preservative: in cosmetic and personal care product to inhibit microbial. SPECIFICATION: Description Unit Value Sorbic acid assay % 99.0 to 101.0 Water % <0.5 Heavy metal( as Pb) ppm <10 Melting range Deg>C 132-135 Residue on ignition % <0.2 Arsenic (as As) Ppm <3 DEMAND DRIVER The low toxicity of sorbic acid enhances its desirability as food preservative. The oral LD50 for sorbic acid in rats is lOg/kg compared to 5 g/kg for NaCI. The activity of the sorbates at a higher pH is one distinct advantage over the two other most commonly used food preservatives, i.e benzoic and propionic acids. Sorbates are classified as GRAS in the United States, with no upper limit set for foods that are not covered by Standards of Identity. Sorbates can be applied to food by any of several methods including direct addition, dipping in or spraying with an aqueous sorbate solution, dusting with sorbate powder, or impregnating food packing materials. The potassium salt is used in applications where high water solubility is desired. The continuous increase in food production has significantly increased the demand for food preservatives such as sorbic acid.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: 1.00%
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Aluminium Bare Conductors - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

A wire or combination or wires not insulated from one another, suitable for carrying a single electric current is called conductor. The term conductor is not to include a combination of conductors insulated from one another, which would be suitable for carrying several different electric currents. Aluminium is a metal characterized by high resistance to corrosion, good electrical and thermal conductivity, and a density which is about one-third or less that of steel, copper, or nickel. Aluminium can be used as a power conductor, or for wire and cable shielding. Aluminium provides a lower weight to current-carrying ratio compared to copper. Aluminium has a lower tensile strength than copper, but approaches that of copper for the equivalent ampacity. When terminated with appropriate plating, hardware and processes as stipulated by the governing standards, Aluminium bussing, wiring and terminations prove to be as reliable as copper. Finally, the choice of Aluminium conductors can provide a significant cost savings. Aluminium and aluminium alloy conductors are the preferred and dominant conductors in several areas of power distribution. The major areas dominated by aluminium and aluminium alloy conductors are non-insulated overhead power transmission, insulated overhead power transmission and non overhead power distribution. Aluminium and aluminium alloy conductors offer good conductivity, light weight, excellent resistance to corrosion, good bending properties, greater tensile strength than copper and excellent compatibility with most common insulation used by the wire and cable industry. During 2010-2015, the Indian equipment manufacturing will grow at 5.5 times the growth rate of global electronic equipment production. Therefore, it is a good project for entrepreneurs to invest. Few Indian Major Players are as under • Apar Industries Ltd. • Bagade India Engg. Ltd. • Bindawala Cables & Conductors Ltd. • Deepak Cables (India) Ltd. • E M C Ltd. • Eri-Tech Ltd. • Galada Power & Telecommunication Ltd. • Hirakud Industrial Works Ltd. • Jaipur Metals & Electricals Ltd. • Lunkad Aluminium Ltd. • Maharashtra Metal Powders Ltd. • Murarka Cables & Conductors Ltd. • Omega Cables Ltd. • Opal Industries Ltd. • Shashi Cables Ltd. • Smita Conductors Pvt. Ltd. • Traco Cable Co. Ltd. • Vidarbha Winding Wires Ltd.
Plant capacity: • All Aluminium Alloy Conductor: 10 MT/Day, Aluminium Conductor Steel Reinforced : 10 MT/DayPlant & machinery: Rs 580 Lakhs
Working capital: -T.C.I: Cost of Project: Rs 1141 Lakhs
Return: 27.36%Break even: 56.24%
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Cement Plant - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics

Cement is a material with adhesive and cohesive properties which make it capable of bonding minerals fragments into a compact whole. It can be defined as any substance, which can join unite two or more pieces of some other substance together to form a unit mass. It is an inorganic, non-metallic substance with hydraulic binding properties, and is used as a bonding agent in building materials. It is a fine powder, usually gray in color that consists of a mixture of the hydraulic cement minerals to which one or more forms of calcium sulfate have been added. Mixed with water it forms a paste, which hardens due to formation of cement mineral hydrates. Cement is the binding agent in concrete, which is a combination of cement, mineral aggregates and water. Concrete is a key building material for a variety of applications. Cement, as used in construction industries, which when mixed with water and allowed to set and harden can join different components or members together to give a mechanically strong structure. Thus cement can be used as bonding material for bricks or for bonding solid particles of different sizes (rubber masonry) to form a monolith. The most common use for cement is in the production of concrete. Concrete is a composite material consisting of aggregate (gravel and sand), cement, and water. As a construction material, concrete can be cast in almost any shape desired, and once hardened, can become a structural (load bearing) element. Indian cement industry, a leading manufacturing sub-sector in India, entered a new era after the partial decontrol in 1982 and near total free market in 1989, ahead of the dawn of the liberalisation era in the country. The industry was totally delicensed in 1991 under the Industries Development and Regulation Act. India is the second largest producer of cement in the world after China. It is followed by Japan and the USA. As a whole it is a good project for entrepreneurs to invest. Few Indian Major Players are as under • A C C Ltd. • Adani Cements Ltd. • Ambuja Cement Eastern Ltd. • Ambuja Cement Rajasthan Ltd. • Ambuja Cements Ltd. • Bharathi Cement Corpn. Pvt. Ltd. • Bhilai Jaypee Cement Ltd. • Birla Corporation Ltd. • Burnpur Cement Ltd. • Calcom Cement India Ltd. • Cement Corpn. Of India Ltd. • D L F Cement Ltd. • Eswar Cements Pvt. Ltd. • Garden Cements Ltd. • Gujarat High Tech Inds. Ltd. • High-Tech Lime Products Ltd. • I P I-S P Cement Co. Ltd. • India Cements Ltd. • J K Lakshmi Cement Ltd. • Jagadamba Cements Ltd. • Jaipur Udyog Ltd. • Makers Development Services Pvt. Ltd. • Malabar Cements Ltd. • Megha Technical & Engineers Pvt. Ltd. • Meghalaya Cement Ltd. • N C L Industries Ltd. • Namo Cements Ltd. • Prism Cement Ltd. • Raasi Cement Ltd. • Radhakishan Cement Ltd. • Rain Cements Ltd. • Samruddhi Cement Ltd. • Sanghi Industries Ltd. • Shree Digvijay Cement Co. Ltd. • Someswara Cements & Chemicals Ltd. • Sorabh Cement Ltd. • Trinetra Cement Ltd. • Ultratech Cement Ltd. • Uttar Pradesh State Cement Corpn. Ltd. • Varun Cements Ltd. • Visaka Cement Industry Ltd. • Vishwakarma Cements Ltd. • Zuari Cement Ltd.
Plant capacity: 200 MT/DayPlant & machinery: Rs 755 Lakhs
Working capital: -T.C.I: Cost of Project: Rs 1254 Lakhs
Return: 17.22%Break even: 61.78%
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Leather Bags and Wallets - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

Leather is considered as a symbol of fashion, uniqueness, trend and styles. The demand for quality leather products as well as accessories never ceases among the consumers. Individuals that are style sensitive and elegant always want to enhance their overall appearance by preferring quality leather products. Use of leather goods is increasing day by day. Now-a-days fancy leather goods are being used by the people of even remotest area of country, because lifestyle has been changing very fast. Fancy leather products are durable and beautiful to look at in comparison to other similar products. People use shopping bags to carry things to home, which they purchase from market. Different material like cloth, nylon, plastic etc are used for manufacturing of bags. But they are less durable and lack aesthetic appeal. Leather can be used for manufacturing high quality shopping bags to carry grocery, cloth, cosmetics and other such similar items. Most of the women used leather hand bags in India. The raw material availability is high in Tribal areas of AP and Orissa state. The industry depends on taning industry. The Indian leather industry is the 8th largest foreign exchange earner for the country. The product variation covers: (a) semi and finished leather, (b) footwear and footwear components, (c) garments for ladies and gents, (d) handbags for ladies and gents, (e) wallets, diaries and cardholders, (f) gloves and fashion accessories, (g) tableware, (h) upholstery (for houses, offices and vehicles), and (i) luggage and portfolio bags. Handbags, footwear and leather garments have the largest export growth potential in the leather sector, according to a study undertaken by the Export-Import Bank of India. Any entrepreneur venture into this field will be successful. Few Indian Major Players are as under • A V Thomas Exports Ltd. • Beekay Niryat Ltd. • Cheviot International Ltd. • Crew B O S Products Ltd. • Euresian Equipments & Chemicals Ltd. • Gujarat B D Luggage Ltd. • Indo Korea Exports Ltd. • Sanyo Impex Ltd. • V I P Industries Ltd. Cost Estimation Capacity • Business Card Case : 100 Pcs/Day • Accordion Wallet : 100 Pcs/Day • Billfold Wallet Type 01 : 100 Pcs/Day • Billfold Wallet Type 02 : 100 Pcs/Day • Billfold Wallet Type 03 : 100 Pcs/Day • Passport Wallet : 100 Pcs/Day • Money Clutch : 100 Pcs/Day • Wash Bags : 100 Pcs/Day • City Bags : 100 Pcs/Day • Laptop Backpack : 100 Pcs/Day • Business Document Briefcase : 100 Pcs/Day • Business Laptop Briefcase : 100 Pcs/Day • Business Triple Compartment Bags : 100 Pcs/Day • Weekender Bags : 100 Pcs/Day • Wheeled Luggage: 100 Pcs/Day
Plant capacity: -Plant & machinery: Rs 28 Lakhs
Working capital: -T.C.I: Cost of Project: Rs 264 Lakhs
Return: 26.37%Break even: 58.01%
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Water Treatment Chemicals (Antiscalants and Membrane Cleaners) - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study

There has been a dramatic increase in the number of reverse osmosis and nano-filtration plant over the past ten years. There has also been a proliferation in the variety of feed sources used, including seawater, surface waters and, increasingly, effluents of varying qualities. Not surprisingly, therefore, is the parallel increase in the degree of scaling and fouling, resulting in the need for not only novel preventative antiscalant products in the field, but also new and improved cleaners where deposition has occurred. An essential part of the ability to correctly select and apply the most appropriate products lies in the development of laboratory analysis and predictive tools. Fouling potential is an inherent characteristic of membrane module design. The high membrane packing density required for good production rates results in low voidage for feed water flow. However, this need not result in detrimental performance. Fouling has been widely documented and researched since the first commercial use of membrane separations. It is important that this subject is addressed because membrane replacement is a considerable expense in the operation of an RO plant. In the case of large municipal and industrial systems, this cost can be prohibitive. Pre-treatment systems for RO plants are designed to produce a feedwater with a reduced fouling potential by removing potential fouling species prior to membrane treatment. Common foulants include: Calcium carbonate and calcium sulphate scales, Organic matter, Iron, Colloidal material, Bio-film and microorganisms, Silica, Natural humic and fulvic acids. Fumaric Acid Polymers are used as Antiscalants. The synthesis of the fumaric acid polymers follows a novel process that avoids the insolubility and low reactivity of fumaric acid in free radical reactions and that produces the polymer in high yield.
Plant capacity: Capacity Antiscalants: 5MT/Day, Membrane Cleaners: 5 MT/DayPlant & machinery: Rs 88 Lakhs
Working capital: -T.C.I: Cost of Project: Rs 613 Lakhs
Return: 27.82%Break even: 63.96%
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Restaurant with Microbrewery - Detailed Project Report, Profile, Business Plan, Trends, Market Research, Survey, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics, Working Capital Requirement, Plant Layout, Cost of Project

A restaurant is simply a place to have food outside your home. It is smaller in size than a hotel as it does not have accommodation facilities. It is an establishment that serves the customers with prepared food and beverages to order, to be consumed on the premises. The term covers a multiplicity of venues and a diversity of styles of cuisine. The one and only feature of a restaurant is the kind of food and/or beverages it serves to its customers. There are all sorts of restaurants in all cities of the world ranging from budget to very expensive ones where international cuisine is served and the ambience is great. Some restaurants also serve alcoholic drinks for which they obtain a license from the administration. Some are specialized restaurants where a particular cuisine is served such as Chinese, Italian, Thai, Japanese, and so on. Restaurants range from unpretentious lunching or dining places catering to people working nearby, with simple food and fixed menu served in simple settings at low prices, to expensive establishments serving expensive speciality food and wines in a formal setting. In the former case, customers usually wear casual clothing. In the latter case, depending on culture and local traditions, customers might wear semi-casual, semi-formal, or even in rare cases formal wear. Typically, customers sit at tables, their orders are taken by a waiter, who brings the food when it is ready, and the customers pay the bill before leaving. INDIA is one of the world’s largest producers as well as consumers of food. Changing food consumption patterns of India’s population is expected to not only increase consumption volume in absolute terms to US$230 billion but also shift people’s diet qualitatively towards richer, processed foods, which will force increased commodity requirements. The industry players say that they are observing a healthy business growth in the Millennium City and there are areas where the business has observed an exceptional response. Thus, due to demand it is a good project for entrepreneurs to invest. Few Indian Major Players are as under • A G S Hotels & Resorts Pvt. Ltd. • Au Bon Pain Cafe India Ltd. • Dodsal Enterprises Pvt. Ltd. • Forbes Facility Services Pvt. Ltd. • Green Dot Restaurants Pvt. Ltd. • Hardcastle Restaurants Pvt. Ltd. • Koti Resorts Ltd. • Lakeview Clubs Ltd. • Market City Developers Pvt. Ltd. • Mayur Leather Products Ltd. • Mount Shivalik Inds. Ltd. • R T C Restaurants (India) Ltd. • Speciality Restaurants Ltd. • Wah Restaurants Pvt. Ltd.
Plant capacity: Restaurant (Veg. - Non-Veg.): 150 Nos/Day, Beer: 330 Pitchers/Day, Alcohol : 100 Nos/Day, Fresh Fruit Juice: 500 Nos/DayPlant & machinery: Rs 189 Lakhs
Working capital: -T.C.I: Cost of Project: Rs 392 Lakhs
Return: 27.28%Break even: 63.08%
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Cattle Feed - Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics, Cost of Project

The principal feed resources for animal consumption in the country are crop residues like straws of wheat, rice and other cereals and stovers, which are very poor in feed value. Even these are in short supply. These are supplemented to some extent by relatively better quality fodders like cultivated leguminous and non-leguminous fodder grasses and concentrates. The latter are formulated largely from agro-industrial by-product and forest wastes and small quantities of low-grade cereals with the present stock of feed and fodder resources available in the country, it is impossible to meet the nutrient requirements of even the present day low-producing cattle and buffaloes. Such a situation is bound to aggravate difficulties in the feeding of better producing livestock such as cross bred lows in exploiting their full genetic potentiality for early growth, better reproduction and higher milk production. Foods are the basic need of every one, similarly feed for cattle’s is also very important and necessary as well. Without this, no one can live as well as good nutritive meal increase the productivity as well as the growth of an animal. Thus, the requirement of good cattle feed is always exists and it will further increase with the increase in population of cattle’s. Therefore, it is a good project for entrepreneurs to invest. Few Indian Major Players are as under • Agro Tech India Ltd. • Amrit Feeds Ltd. • Anirudh Foods Ltd. • Annam Feeds Ltd. • Baramati Agro Ltd. • Gajanan Extraction Ltd. • Goldmohur Foods & Feeds Ltd. • Graintec India Ltd. • Hanuman Minor Oils Ltd. • Hatsun Agro Products Ltd. • Indian Potash Ltd. • Khandesh Extraction Ltd. • Kumar Food Inds. Ltd. • Kwality Feeds Ltd. • Kwality Ltd. • Lakshmi Energy & Foods Ltd. • Maheshwari Solvent Extraction Ltd. • Piccadily Agro Inds. Ltd. • Puri Oil Mills Ltd. • S K M Animal Feeds & Foods (India) Ltd. • Sakthi Beverages Ltd. • Schreiber Dynamix Dairies Ltd. • Sree Tulasi Solvent Extractions Ltd. • Vegepro Foods & Feeds Ltd. • Vimal Dairy Ltd.
Plant capacity: 100 MT/DayPlant & machinery: Rs 277 Lakhs
Working capital: -T.C.I: Cost of Project: Rs 869 Lakhs
Return: 25.22%Break even: 48.23%
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