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

Meghalaya is a state in north-east India. The name means "the abode of clouds" in Sanskrit. As of 2011, the state has a population of 2,964,007 and is the 23rd most populous in the country. The population of Meghalaya as of 2014 is estimated to be 3,211,474. Meghalaya covers an area of approximately 22,430 square kilometers, with a length to breadth ratio of about 3:1

Meghalaya is predominantly an agrarian economy. Agriculture and allied activities engage nearly two-thirds of the total work force in Meghalaya. However, the contribution of this sector to the State's NSDP is only about one-third. Agriculture in the state is characterized by low productivity and unsustainable farm practices. Despite the large percentage of population engaged in agriculture, the state imports food from other Indian states.


TOURISM

 Meghalaya has some of the thickest surviving forests in the country and therefore constitutes one of the most important ecotourism circuit’s in India. The Meghalaya subtropical forests support a vast variety of flora and fauna. Meghalaya has 2 National Parks and 3 Wildlife Sanctuaries.   Meghalaya also offers many adventure tourism opportunities in the form of mountaineering, rock climbing, and trekking and hiking, water sports etc. The state offers several trekking routes, some of which also afford an opportunity to encounter rare animals such as slow loris, assorted deer and bear. The Umiam Lake has a water sports complex with facilities such as rowboats, paddleboats, sailing boats, cruise-boats, water-scooters and speedboats. Tourism in India is a growing industry, and as per World Tourism Organization predictions, India will be a leader in using tourism as an employment generator. The State of Meghalaya must be placed in a strategic position to take advantage of this growth.

“MEGHALAYA TOURISM DEVELOPMENT CORPORATION” has been set up for developing and promotion of Tourism in Meghalaya. The Corporation shall make efforts to increase its revenue to enable to carry out promotional activities. MTDC will organize package tours not only to Cherrapunjee but to other tourist destinations; organize training for guides, etc.

INDUSTRIAL SECTOR

The New Industrial & Investment Promotion Policy is designed to facilitate investments in new sectors across the State and thus ensure accelerated and sustained growth. The Policy focuses to attract, facilitate and promote wider expectations and high end investment.

There is an urgent need to promote investment in backward and difficult but resource rich areas. Therefore the policy provides additional incentives and support for such investments.


OBJECTIVE OF THE POLICY

•        To promote investment in all sectors

•        Generate employment opportunities for the local people in the industries and allied sectors.

•        To provide special incentives for promoting local Entrepreneurs in setting up of micro, small & medium manufacturing and service enterprises.

•        Develop human resources and bring about improvements in the quality of life by promoting industries in sectors where the state has comparative advantage.

•        Achieve a balanced and growth oriented development covering the entire state through promotion of village and small scale industries.

•        Encourage need based development of local entrepreneurial skills through intensive motivation and training programmes at District, Sub-division and Block levels.

•        Provide guidance to prospective entrepreneurs by building up a data bank of project-profiles and other connected information. Special support to local entrepreneurs will be provided, and monitoring will be done to enable them to be successful.

•        Simplify rules and procedures by providing a single-window clearance facility for all investment proposals as applicable.

•        Promote Tourism, and make Meghalaya a tourist destination.

•        Promote IT as industries.

•        Promote first generation entrepreneurs. Government will encourage setting up of Entrepreneurship Development Institute by private or in PPP mode.

SALIENT FEATURES OF THE INDUSTRIAL POLICY

•        State Government believes in promoting private enterprises for speedy economic development of the State. The Government also stands committed to ensuring the healthy growth of existing industries. For this purpose, Government will ensure optimum number of industries by not permitting excess in any specific sector, thereby ensuring sustainability of existing business.

•        Enterprises promoted and managed by “Woman Entrepreneur”/physically challenged will get additional 10 % (ten percent) incentives on the State Capital Investment Subsidy.

•        Meghalaya has a long international border which needs immediate attention for development. To address this issue, 10 Kms towards the State from the International border is declared as “PRIORITY AREA” and enterprises set up within the 10 Kms area will be given special incentives to be known as “Border Area Subsidy”.

•        Government of Meghalaya recognizes:

1.       Hotels (not below two star category) and Amusement Parks.

2.       Medical and health services in the nature of nursing homes with a minimum capacity of 25 beds and Super – Specialty Health Care.

3.       Vocational training Institutes.


INDUSTRIES IDENTIFIED AS THRUST AREAS

                    Agro Based Industries :

   Horticulture – Based Units

   Biotechnology Based Units

   Medicinal Plants, Tea and Rubber

                       Animal Husbandry and Meat Processing Industries

         Development of Mineral based Industries:

      Coal-Based Industries

     Limestone Based Industries- Cement Plants, Lime Plants,

                      Calcium Carbide   Plants.

                       Electronics & Information Technology

INCENTIVES FOR LARGE AND MEDIUM SCALE INDUSTRIES

•        For large and medium scale industries, there are subsidies like capital investment subsidy, interest subsidy, power subsidy, subsidy on cost of pollution/quality-control measures, special subsidy for pioneer units in backward areas etc.

•        Exemption from the payment of applicable service tax for seven years to a "Tourism Unit"

•        Sales Tax exemption on sale of finished products for a period of seven years from the date of commercial production.

•        Reimbursement of Central Sales Tax (CST) paid on purchase of Capital Equipment installed till the date of project commissioning.

•        Partial exemption for applicable stamp duty.

 

INVESTMENT POLICIES

Meghalaya Government has always endeavored to set up the right kind of business climate to motivate investments in the State. In order to attract investment to the various sectors and thus contribute to the development of the economy as a whole.

The major being the industrial policy, which had been announced with a view to take advantage of the liberalized economic scenario in the country and also to keep pace with development in the national industrial sector are-

•        Generate employment opportunities for the local people in the industries and allied sectors

•        Develop human resources and bring about improvements in the quality of life by promoting industries in sectors where the state has comparative advantage. Create a conducive environment for industrial development by creation of the basic Infrastructural facilities and by setting up of industrial areas, growth centre and export promotion industrial park.

•        Provide preference to local Entrepreneurship in setting up of large, medium and small-scale units.

•        Promote local interests through joint ventures with external investors so as to facilitate technology transfer and capital flow by a package of suitable incentives.

•        Encourage setting up of export-oriented, Agro based, Mineral-based, Horticultural based and Electronic units as thrust area.

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Many of the engineers, project consultant & industrial consultancy firms in India and worldwide use our project reports as one of the input in doing their analysis.

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Production of Indian Kitchen Spices

Production of Indian Kitchen Spices (Turmeric Powder, Red Chilli Powder, Dhaniya Powder, Garam Masala, Sabji Masala, Popcorn Masala), Masala Powder, Manufacturing and Processing of India’s Treasured Export Spices are the aromatic parts of tropical plants traditionally used to flavour food, or the dried seeds or fruit of temperate plants used in the same way. Spices are the buds, bark, roots, berries and aromatic seeds that are harvested for use in flavouring cooking. Some typically dried spices are used in their fresh form in the countries that produce them. Many of the world’s highly prized spices—such as cardamom, cinnamon, cloves, ginger, and pepper—are fragrant or pungent plant products cultivated in tropical and subtropical regions. India, known as the home of spices, boasts a long history of trading with the ancient civilisations of Rome and China. Today, Indian spices are the most sought-after globally, given their exquisite aroma, texture, taste and medicinal value. India has the largest domestic market for spices in the world. Traditionally, spices in India have been grown in small land holdings, with organic farming gaining prominence in recent times. India is the world's largest producer, consumer and exporter of spices; the country produces about 75 of the 109 varieties listed by the International Organization for Standardization (ISO) and accounts for half of the global trading in spices. Indian Spices – An Overview • India is the world's largest producer, consumer and exporter of spices • India accounts for half of the global trading in spices • India produces ~75 of the 109 varieties of spices listed by ISO • Organic spice farming is gaining prominence in India • Export of Indian spices are expected to touch US$3 billion by 2016-17 India is the largest producer, consumer, and exporter of spices in the world. The demand scenario for major spices in India has been comprehensively examined in the study. The shift in preferences of domestic consumers for food items, increasing urbanization and rising incomes, altered demographic and social factors and the changes in productivity of spices have brought about changes in the pattern of their consumption and demand. Indian spices command a formidable position in world spice trade. The Indian spices industry exported 8, 93,920 tonnes of spices and spice products during 2014-15, valued at US$2,432.85 million. India’s spice exports comprise whole spices, organic, spice mixes, spice blends, freeze dried, curry powders/mixtures, oleoresins, extracts, essential oils, spice in brine and other value added spices. Exports of Indian spices and spice products surged to a record growth in 2016-17, touching 9, 47,790 tonne, valued at Rs 17,664.61 crore ($2,633.30 million), thereby registering an increase of 12% in volume, 9% in rupee terms and 6% in dollar terms. Today, Indian spices are the most sought-after globally, given their exquisite aroma, texture, taste and medicinal value. India has the largest domestic market for spices in the world. Traditionally, spices in India have been grown in small land holdings, with organic farming gaining prominence in recent times. India is the world's largest producer, consumer and exporter of spices. Demand for Indian spices is high because they are clean and hygienic as compared to that of other countries. Spices mostly found its origins in the sub-continent with India attracting spice traders from Europe and East Asia for centuries. In modern times, United States of America and Europe can be considered as the two biggest markets for spices, herbs and spice products. In terms of the value of world trade, pepper, cardamom, ginger, turmeric, chilli, cinnamon nutmeg/mace, cloves, pimento and vanilla are the most important spice crops from tropical regions and cumin, coriander, sesame seeds, mustard, sage, bay, oregano thyme and mint are the spices crops from the non-tropical regions. On the basis of geography, the report segments the global spice market into Europe, North America, Asia Pacific, and Rest of the World. Of these, North America is presently the most attractive regional market for spices, followed by Europe, Asia Pacific, and the Rest of the World. Rising awareness regarding the medicinal properties of spices will continue to keep the demand for spices high in North America over the forecast period as well. The region is expected to gain traction and witness high growth in terms of revenue over the report’s forecast period. Growth of spices industry in European Union will continue to witness a growth at a significant pace in the coming years owing to increasing popularity of ethnic taste in the region. Presence of multicultural population in Europe and growing trend of travelling to more and more exotic places have shifted European consumers taste to Indian food and flavours resulting in increasing demand for spices including turmeric. Small scale food processors, retailers and ethic food have high presence in developing ethnic food taste in Western Europe. However, large retailers and multinationals are also increasingly active in this market which is increasing the revenue share of turmeric in the global turmeric market. Strong demand for turmeric in European market due to changing health perception is the fuelling factor for the turmeric market in Europe. European consumer are adopting healthier lifestyle. European countries are having a population the overweight issues. Increasing aging population is also triggering the risk of developing joint related health conditions. This is further escalating demand for curcuma longa as an important ingredient in their diet. In terms of volume, the consumption of turmeric is estimated to be 1,049,490.5 MT by 2017 end, and is forecast to reach 1,696,519.8 MT by 2027 end, expanding at a CAGR of 4.9% during the forecast period. Indian states like Andhra Pradesh, Gujarat, Rajasthan, Orissa and Madhya Pradesh are the five leading states for the production of spices. The new age urban population around the world is extremely health conscious which is causing rise in demands for organic spices. The three biggest clients of spice manufacturers include retail, industrial and catering sector. Andhra Pradesh leads the country in the production of chilli and turmeric, with 49% and 57% respectively. Rajasthan is the largest producer of coriander, cumin and fenugreek, and the figures stand at 63%, 56% and 87% respectively. Spices are generally sold at premium spices and also in greater demand which can further enhance export revenues in major spice producing countries. Spices farming mechanism starts at grass root level conserving the generative and renewing capacity of the soil, plant nutrition, and soil management, yields nutritious food rich in vitality which has resistance to diseases. Increasing demand of natural flavoring and coloring agents in food, medicinal properties and health benefits are driving the spices market. There is high demand for spices from regions like Asia Pacific, Middle East and Europe. Tags Spices Processing, Spice Business Plan, How to Start a Spices Business, Spices Business Plan Pdf, Spices Manufacturing Process, Scope of Spices Business in India, Spices Small Scale Industry, Spices Processing Pdf, Spices Processing PPT, Starting a Spice Business, How to Start Spices Production Business, Start Food Spicing Business, How to Start Masala Business, Investment Opportunity in Setting up Spices Processing Business, Spice Processing Plant, Most Profitable Food Processing Project, Spices Processing Industry, Masala Powder Manufacturing Plant, Manufacture of Indian Kitchen Spices, Masala Making Unit, How to Start a Spice Manufacturing Industry, Spices Manufacturing Plant, Spice Processing Unit, Spice Manufacturing Process Flow Chart, Automatic Spice Grinding Plant, Masala Factory Project, How to Start Masala Factory, Masala Manufacturing Process, Ground and Processed Spices, Whole Spices Processing, Spice Production, Manufacturing Process of Masala, Spice Plant, Spices Unit, Manufacturing Process of Grinding Masala, Garam Masala Manufacturing Plant, Spice Industry, Project Report on Masala Manufacturing, Turmeric Processing, Processing of Turmeric, Turmeric Powder Processing Industry, Turmeric Powder Processing Business, Chili Powder Processing, Red Chilli Powder Manufacturing, Red Chilli Powder Manufacturing Plant, Chilli Processing PPT, Chili Powder Manufacturing Process, Chili Powder Manufacturing Project Report, Dhaniya Processing Plant (Coriander), Dhaniya Powder, Cooking Spices and Masala, Dhania Powder Manufacture, Dhania Processing Plant, How to Make Garam Masala, Manufacture of Sabji Masala Powder, Popcorn Masala Manufacture, Spices Processing project ideas, Projects on Small Scale Industries, Small scale industries projects ideas, Spices Processing Based Small Scale Industries Projects, Project profile on small scale industries, How to Start Spices Processing Industry in India, Spices Processing Projects, New project profile on Spices Processing industries, Project Report on Spices Processing Industry, Detailed Project Report on Garam Masala Manufacturing, Project Report on Chili Powder Manufacturing, Pre-Investment Feasibility Study on Turmeric Powder Processing, Techno-Economic feasibility study on Chili Powder Processing, Feasibility report on Masala Manufacturing, Free Project Profile on Turmeric Powder Processing, Project profile on Masala Manufacturing, Download free project profile on Chili Powder Manufacturing, Startup Project for Garam Masala Manufacturing, Project report for bank loan, Project report for bank finance, Project report format for bank loan in excel, Excel Format of Project Report and CMA Data, Project Report Bank Loan Excel, Spice Production: Masala Powder Making to Packaging Process with Formula, Spice Cultivation and Processing, The Spice Factory: Masala Powder, Garam Masala, Chaat Masala, Sambar Masala, Pav Bhaji Masala, Manufacture of Indian Kitchen Spices (Masala Powder) with Formulations, Spices processing plant, How to start spice business, Turmeric Powder, Red Chilli Powder, Dhaniya Powder, Garam Masala, Sabji Masala, Popcorn Masala
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DTP and Offset Printing

Digital printing refers to methods of printing from a digital-based image directly to a variety of media. It usually refers to professional printing where small-run jobs from desktop publishing and other digital sources are printed using large-format and/or high-volume laser or inkjet printers. Digital printing has a higher cost per page than more traditional offset printing methods, but this price is usually offset by avoiding the cost of all the technical steps required to make printing plates. Offset printing is a commonly used printing technique in which the inked image is transferred (or "offset") from a plate to a rubber blanket, then to the printing surface. When used in combination with the lithographic process, which is based on the repulsion of oil and water Digital printing market analysis shows that the industry is better suited to the changing demands of print buyers - and importantly, to end consumers of print - than offset is. Primary research conducted highlights the continuing demands of buyers for lower run lengths and faster turnaround, and the use of versioning and personalisation is continuing. Moreover, the primarily factors responsible for the growth of offset printing press market are its high and consistent image quality, and cost benefits. Basically, there are two kinds of offset printing press which are commonly used for publication nowadays. Further, in sheet-fed offset printing, single pages of paper are served into the machine and are in high demand in advertising company for making brochure, templates, and single page marketing advertisement.
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Automobile Gear

An automotive gear is a rotating part containing teeth, which forms a mesh with another toothed machine part or gear and transmits torque. The gears can change torque, speed and direction of the power source. Automotive gears are of various types, including spur gear, bevel gear, planetary gear, helical gear, rack and pinion, and others. An automatic transmission is a type of motor vehicle transmission that can automatically change gear ratios as the vehicle moves, which prevent the driver from shifting the gears manually. Increasing demand for automatic transmission in vehicles is one of the growing trends witnessed in the automotive industry, which has increased the demand of the automotive gears due to its automatic function that provides ease in driving of vehicle. Automatic transmission also helps in achieving better fuel efficiency and less wear and tear of the gears which results in long life of gears. The auto-component industry of India has expanded by 14.3 per cent because of strong growth in the after-market sales to reach at a level of Rs 2.92 lakh crore (US$ 43.52 billion) in FY 2016-17. The auto-components industry accounts for almost seven per cent of India’s Gross Domestic Product (GDP) and employs as many as 25 million people, both directly and indirectly. The Indian automotive aftermarket is expected to grow at a CAGR of 10.5 per cent and reach Rs 75,705 crore (US$ 13 billion) by the year 2019-20, according to the Automotive Component Manufacturers Association of India (ACMA).
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Aluminium Bottles (Cold Extrusion of Aluminium)

An aluminium bottle is a bottle made of aluminium (or aluminum, in American English). In some countries, it is also referred to as a bottle can. It is a bottle made entirely of aluminium that holds beer, soft drinks, wine, and other liquids. The aluminium bottle can is made of 100 percent recyclable aluminium similar to that of an aluminium beverage can. However, it is shaped similar to a traditional beverage bottle, with many designs including resalable lids. Sport bottles market can be classified mainly into stainless steel bottles, plastic bottles, silicone bottles and aluminum bottles. Stainless steel bottles are manufactured from natural elements that can be recycled. The insulating attributes of stainless steel bottles help in keeping water cool for 24 hours. Silicone sport bottles are advantageous in a way that they are light in weight, portable and squeezable. Plastic sport bottles can be molded into shapes and sizes as required, and are available in various color shades thus, giving it an attractive appearance. Aluminum bottles have a visual appearance similar to that of stainless steel bottles. They are cheaper, recyclable and also maintains the water temperature.
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Hospital Bed

Hospital beds permit body positioning that is not feasible in a regular home bed. They also permit the attachment of other pieces of equipment that cannot be used on a regular home bed. Always raise the foot section of the bed slightly before raising the head to help prevent the patient from sliding to the bottom of the bed. On the basis of power, the hospital bed market has been categorized into manual, semi-electric, and electric beds. The manual bed category dominated this market during the historical period, with 49.1% contribution in 2017. Due to their economic viability, manual beds are highly preferred by the end users. Based on treatment, the market has been categorized into acute care, critical care, and long-term care beds. During the forecast period, the hospital bed market for critical care is expected to grow the fastest among all types, with a CAGR of 6.0%. This growth is attributed to the fact that critical-care beds allow lateral tilting of patients, which helps in blood circulation and prevents ulcer formation, and also enables x-ray scanning on bed by pressure redistribution. In addition, these beds provide support to staff due to the presence of multifunctional touch screen pads.
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Melamine Crockery

Melamine is used to form melamine formaldehyde resin, which find many applications in our commonly used household products such as furniture, kitchen countertops & storage, bathroom cupboard, dinnerware, food storage containers, cars, and banknotes. Unbreakable plastic crockery ware is very popular in households and hotels. They are made of melamine formaldehyde moulding powder. The products include Cup and Saucer Sets, Plates, Bowls and Dinner Plates. The main advantages of Melamine Crockery over the conventional Crockery are unbreakability, odour-free, heat and shock proof and scratch resistance, lightweight and non-toxic.:Melamine Crockery is available in eye-catching colours, attractive designs and finishes. Crockery market comprises pottery, kitchenware and tableware. Indian tableware market size is Rs 10 bn (excluding stainless steel) of which opalware comprises Rs 3.5 bn. Key Demand Drivers: • Growing Mass Affluent: Mass Affluent i.e. households with disposable incomes from `200,000 to 1,000,000 per annum comprises about 50 mn people, roughly 5% of the population (Source: McKinsey Survey in 2007 for India). By 2025, mass affluent segment is expected to increase to ~ 583 mn people, or 41% of the population. With its rising numbers and incomes, mass affluent is becoming the biggest market segment for the industry. • Increasing Disposable Income – increase in potential to spend: The average annual disposable income in India increased by more than 29% in real terms between 2007 and 2012 while consumer spending was up by more than 25%, which has lead to shift from ordinary to fashionable crockery, fueling demand in the process. • India is expected to grow at a fast pace in next four years. The rapid economic growth will increase and enhance employment and business opportunities, which in turn, is expected to further increase disposable incomes and aspirations. • Changing Life Style – adding to the status symbol: There is a radical change in the attitude of consumer behavior in India, riding on the back of higher disposable income, changing lifestyle, urbanization of semi?urban and rural communities, more push towards aesthetics, increasing consumer awareness, brand consciousness and innovative promotional campaigns. • Indian consumers are also more optimistic and increasingly willing to spend on branded products. With the changing pattern of consumer behavior and consumer spending, companies in India are also tweaking their strategies to retain their loyal consumer base, while attracting the emerging young consumers
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Nylon Zip Fasteners

Zips are manufactured using bead technology, where profile metal elements (teeth) are clamped on woven and dyed textile tape; brass wire is usually used to make the teeth. Precision cutting and stapling processes are followed by multiple brushing and polishing operations, to ensure that the M zip runs smoothly. The global market for Zippers is projected to reach US$19.8 billion by 2024, driven by healthy gains in production and sales of apparel, luggage and for changing fashion trends and parallel improvements in the mechanical design of zippers. Zippers, by far, is the most popular and preferred fastener solution heavy duty applications such as in jeans, backpacks and luggage when compared to buttons.
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Coir Industry

Coir or coconut fibre, is a natural fibre extracted from the husk of coconut and used in products such as floor mats, doormats, brushes and mattresses. Coir is the fibrous material found between the hard, internal shell and the outer coat of a coconut. The coir industry forms major segment of village and small industries sector in terms of production and employment. The spectrum of industries in India extends from the organised large and medium industries, small scale industries to new industrial ventures and unorganised traditional industries. The coir industry is –very important in the national context because of the large volume of employment that it provides in rural area to the economically weaker section of the population. The growing demand for eco-friendly products in the market is where coir should fast step in. It is a lightweight, soilless growing medium made from the fibers which are found between a ripe coconut's shell and an outer surface. As it’s a material that occurs in nature, it’s completely renewable and is therefore considered an excellent choice for environmental sustainability. Mainly the coastal region of India, produces around 60% of the total world supply of white coir fiber, whereas Sri Lanka produces around 36% of the total world brown fiber output. Over 50% of the coir produced annually throughout the world is consumed in the developing countries. Recently, countries such as Mexico, Indonesia, Vietnam and certain Caribbean countries have started to supply coir to the global market on a large scale.
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Terry Towels

A terry towel is described as a textile product which is made with loop pile on one or both sides generally covering the entire surface or forming strips, checks, or other patterns (with end hems or fringes and side hems or selvages). The name “terry” comes from the French word “tirer” which means to pull out, referring to the pile loops which were pulled out by hand to make absorbent traditional Turkish toweling. Latin “vellus”, meaning hair, has the derivation “velour”, which is the toweling with cut loops. Terry towels are often very complex with yarns of different types and colors, in combination with various loop pile and flat structures. Towels are subject to changing fashions, and the market is constantly demanding new designs with improved fabric characteristics important to the consumer such as softness and absorbency. In satisfying these requirements, the content and structure of terry towels are critical decisions determining the resulting quality. Due to its super-absorbent nature, Terry woven fabrics are typically used to make bathrobes and towels for the bathroom, beach and kitchen. India’s YTD market share in cotton sheets and terry towels to the US increased (in US dollar terms), driven by volumes: India’s YTD exports of cotton sheets to the US (in US dollar terms) increased 3.9 per cent YoY (vs. a 0.3 per cent decline in world cotton sheet exports to the US), led by a 2.6 per cent rise in volumes and a 1.3 per cent increase in realisations. India’s YTD exports of terry towels to the US increased 10.1 per cent YoY (vs. a 7.6 per cent rise in world terry towel exports to the US), driven by a significant 15.5 per cent YoY increase in volumes.
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How to Start Food Packaging Foil Manufacturing Business

How to Start Food Packaging Foil Manufacturing Business. Production of Aluminium Foil - Big Profit Industry Aluminum foils are produced by continuous casting and cold rolling of aluminum sheets. They are prepared in thin metal leaves and can be used to wrap around any product for packaging. They act as a major barrier to bacteria, oxygen, and moisture. These are used in the pharmaceutical and food and beverage sectors. Packaging in today’s world has emerged as an integral part of the brand promotion. Owing to modern-day lifestyle coupled with today’s fast-paced life, customers’ inclination towards convenience packaging has increased. Aluminum is a kind of metallic element available in abundance across the globe and is preferably used a barrier resistant material for packaging to safeguard food & beverages, pharmaceutical, cosmetics, etc. Aluminum foil sheets are readily used in the manufacturing of various kinds of containers as per packaging requirements. Aluminium foil provides various benefits to the food and packaging industries. The consumers can heat or freeze food items in the foil container directly. Aluminium foil packaging material is a part of the flexible packaging material and is generally formed using aluminium sheets. Aluminium foil can be utilized to wrap around any product for packaging functions. It is produced through the regular casting and cold calling. Aluminium foil packaging is a sort of packaging, which arranges a resistant barrier to safeguard food, beverage, cosmetics and pharmaceuticals and helps in waste reduction. Aluminium packaging is extremely corrosion-resistant and chemically neutral. Moreover, it is hygienic and non-toxic in nature. The raw materials for aluminium foil packaging is produced utilizing aluminium sheets and it is a part of stretchable packaging material. The major users of aluminium foil packaging include pharmaceuticals, food and beverage industries. Aluminium foil wrap is produced through regular casting and cold rolling and thus it is favorable to be utilized to enclose around any product for packaging functions. India, one of the fasted growing economies in the world is seeing a steady GDP growth in recent years. Owing to strong economic growth and increasing middle class with growing disposable income, consumption of aluminium foil is growing fast in India. The change in life style which includes changed food habits has led to increased demand for foil packaging. Growing demand for ready to eat confectionaries and pharmaceutical products is another major growth drivers for aluminium foils industry in India. Aluminum foils are easy to use, recyclable and consumer friendly product. Consumers can directly heat or freeze food products in the foil container. Its applications include personal care, confectionery, healthcare, beverage and varied industrial usage. It is widely used by food industry to pack roasting pans, baking pans, pizza pans, and cookie sheets. It comes in various sizes and shapes and can be easily customized to suit customer demand. The use and demand for aluminum foil in pharmaceutical and drug industry is poised to grow at a faster rate than any other sector which may be primarily attributed to increasing demand to secure medicines safely. It is followed by increased demand across food packaging industry which includes railway catering services and chocolate production. Usage of aluminum in the manufacture of lamitudes is anticipated to increase as lamitudes might replace collapsible tubes in the future. In the case of milk, the consumption of foil for making milk cap bottles may decline over the next few years as milk tetra pack are expected to replace the milk bottle market. Aluminium foil consumption in the Indian states like Maharashtra, Karnataka and Kerala has grown up dramatically by about 50 per cent in anticipation of the proposed ban on use of plastics in these three states. In 2015, India exported an estimated 14,512 tons of aluminium foil and the total value of export stood at USD 3.1 billion which increased further to total at 16,448 tonnes in 2016. For the first eleven months of 2017, the export volume of foil is forecasted to total at 16,035 tonnes. Aluminum Foil Packaging by Cosmetic Industry The demand for aluminum foil packaging in the cosmetic industry will post a CAGR of 2.63% through the forecast period, and the market is estimated to be valued at 1.41 million tons by 2020. The growth in the cosmetic industry is driving the demand for cosmetic packaging. Aluminum foil is used for the packaging applications in the personal care and cosmetic industries. This provides protection to the products internally and enhances the appearance of the packaging externally. Cosmetic content includes the application of special oils, vitamins, herbal and chemical compounds, which requires protection from light and contamination. The demand in the global aluminum foil packaging market is anticipated to increment at a CAGR of 4.8% during the forecast period of 2017 to 2025. This prosperity of the market for aluminum foil packaging is a reflection of a number of factors, such as high preference for convenience packaging, growing demand for extended shelf-life of packaged food, popularity of ready-to-eat meals and processed food, and growing usage in pharmaceutical products and confectionaries. On the other hand, the lack of proper recycling processes in a number of countries and competition from alternatives are a few obstructions faced by the global aluminum foil packaging market. Nevertheless, growing emphasis on ecofriendly packaging and foray by the key companies in the emerging economies is expected to open new opportunities in the aluminum foil packaging market. Robust economic growth along with rising middle population with inclining personal disposable income is anticipated to intensify the growth of global aluminium foil packaging market during the forecast period. The change in life style which includes changed food habits has led to inclining demand for packaging. Besides this, robust demand for aluminium foil packaging in snacks and chocolate industry are also strengthening the growth of aluminium foil packaging market all across the globe. Some of the major opportunities in global aluminium foil packaging market includes technological development to enhance the product quality, reduction in plants lossess, inclination in the obtainability of foils in different forms for crucial mass consumption usages and progress in the exportability of aluminium foils. The global aluminium foil packaging market is foreseen to observe a robust CAGR during the projected period. Global Aluminum Foil Demand by Type: • Rapid industrialization coupled with heavy air conditioner usage in India, Egypt, Iran, and UAE boost the need for industrial aluminum foils • Blister foil is the major application in pharmaceutical industry, medical industry boom in emerging economies foster demand for aluminum foils • Rolled Aluminum Foil: Aluminum foil is primarily consumed by packaging, transportation, and construction sectors • The packaging industry took the largest share, approx. 41 percent, during 2016, followed by transportation • It is projected that global rolled foil consumption might increase by 5 percent CAGR from 2016–2021 with the transportation industry being the largest market Backed Aluminum Foil: These include laminated, embossed, backed with paper, plastics and adhesives. Foil tapes constitute a major part in backed aluminum foils. These are driven by their growing use in electrical and construction purposes giving superior adhesion and extended life • Developed regions are expected to show moderate growth for backed aluminum foil used in industrial purposes, especially from the electricity sector that uses such foils for insulation purposes The market can be segmented into packaging applications and non-packaging applications. Packaging applications involve protecting the food from climatic, chemical and physical hazards. Non-packaging applications which utilize the property of conductivity of this foil include cable and capacitors wraps, the heat exchanging tube fins for air conditioners. Due to high availability of substitutes in the food & beverages industry, packaging and quality of product have always been the key competitive factors. Also, this is one of the major reasons that why food and beverages manufacturers invest more than 11% of the revenue on packaging. Dry foods, like aromatic herbs and spices, are best preserved when packed in aluminium packaging medium. Lined cartons are the most favorable packaging method for many dry food products. Latest innovations in packing, like cylindrical design for an easy-to-open packaging mechanism, protective membranes under a plastic re-closable lid for repeated usage, and perforated top seam for easy opening, are revolutionizing aluminium foil packaging in the food industry. Tags Aluminium Foil Production, Aluminum Foil & Packaging, Aluminium Foil, Food Packaging Foil Manufacturing Plant, Aluminium Foil Manufacturing Process Pdf, What is the Aluminium Foil Manufacturing Process? Aluminium Foil Making Unit, Aluminium Foil Manufacture, Manufacturing of Aluminum Foil, Production of Aluminium Foil, Aluminium Foil Production Plant, Aluminium Foil Manufacturing Plant, Aluminum Foil Manufacturing Unit, Manufacture of Aluminium Foil, Manufacturing of Aluminium Sheet & Foils, Aluminium in Packaging Industry, Aluminium Foil Packaging, Project Report on Aluminium Foil Manufacturing, Aluminium Foil Making Plant, Aluminium Foil Manufacturing Project Report Pdf, Aluminium Foil Plant in India, Food Packaging Foil, Production Process of Food Packing Aluminium Foil, How Aluminum Foil is Made, Packaging Industry, Aluminium Foil as a Food Packaging Material, Aluminium Packaging, Food Packaging Products, How to Start Aluminum Foil Manufacturing Business, Food Packaging Foil Manufacturing Industry, Aluminum Foil Manufacturing Industry, Aluminum Foil Manufacturing project ideas, Projects on Small Scale Industries, Small scale industries projects ideas, Aluminum Foil Manufacturing Based Small Scale Industries Projects, Project profile on small scale industries, How to Start Aluminum Foil Manufacturing Industry in India, Aluminum Foil Manufacturing Projects, New project profile on Aluminum Foil Manufacturing industries, Project Report on Aluminum Foil Manufacturing Industry, Detailed Project Report on Aluminum Foil Manufacturing, Project Report on Aluminium Foil Production, Pre-Investment Feasibility Study on Aluminium Foil Production, Techno-Economic feasibility study on Aluminium Foil Production, Feasibility report on Aluminium Foil Production, Free Project Profile on Aluminium Foil Production, Project profile on Aluminium Foil Production, Download free project profile on Aluminium Foil Production, Startup Project for Aluminium Foil Production, Project report for bank loan, Project report for bank finance, Project report format for bank loan in excel, Excel Format of Project Report and CMA Data, Project Report Bank Loan Excel
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