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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.

We can provide you detailed project reports on the following topics. Please select the projects of your interests.

Each detailed project reports cover all the aspects of business, from analysing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. The scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet etc.

We also offer self-contained Pre-Investment and Pre-Feasibility Studies, Market Surveys and Studies, Preparation of Techno-Economic Feasibility Reports, Identification and Selection of Plant and Machinery, Manufacturing Process and or Equipment required, General Guidance, Technical and Commercial Counseling for setting up new industrial projects on the following topics.

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.

We can modify the project capacity and project cost as per your requirement.
We can also prepare project report on any subject as per your requirement.

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Chili Sauce

Chili sauce is a liquid or concentrated product which can be poured from a container. It may be either homogeneous or a mixture. It is intended for use as a seasoning or condiment. The product should be prepared from good quality, clean ingredients which are mixed, processed appropriately to obtain the desired quality, and subjected to an appropriate process by heat before or after packing in a hermetically sealed container, so as to prevent spoilage. Increasing young population coupled with increasing globalization has led to an advent of diversity in food choices of young people, who are significantly proffering spices, thus fuelling revenues in the global hot sauce market. Further rising consumption of fast food among busy city dwellers can be considered as another factor for the increasing demand for hot sauces, particularly in the developing countries of Asia. Moreover, improving life style has led people across the globe try different cuisines, which can be considered as another prominent factor driving the demand for hot sauces. Apart from this, increasing trends for food travelling across the globe is also escalating the demand for hot sauces.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Aluminium Hydroxide IP

Aluminium hydroxide, Al (OH)3, is found in nature as the mineral gibbsite (also known as hydrargillite) and its three much rarer polymorphs: bayerite, doyleite, and nordstrandite. Aluminium hydroxide is amphoteric in nature, i.e., it has both basic and acidic properties. Closely related are aluminium oxide hydroxide, AlO (OH), and aluminium oxide or alumina (Al2O3), the latter of which is also amphoteric. These compounds together are the major components of the aluminium ore bauxite. The global aluminum hydroxide market is expected to witness a CAGR of approximately 4.6% during the forecasted period. The major factor driving the market is the rapid increase in demand for aluminum compounds and the increasing usage in polymer applications, as fire retardants.
Plant capacity: -Plant & machinery: -
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Return: 1.00%Break even: N/A
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Benzyl Benzoate

Benzyl benzoate (BnBzO) is a medication and insect repellent. As a medication it is used to treat scabies and lice. For scabies either permethr in or Malathion is typically preferred. It is applied to the skin as a lotion. Typically two to three applications are needed. Side effects may include irritation of the skin. It is not recommended in children. It is also used in other animals; however, is toxic to cats. The global benzyl benzoate market is expected to reach over US$ 80.7 million by 2025, expanding at a CAGR of 4.4% from 2017 to 2025.
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Return: 1.00%Break even: N/A
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Bright Steel Bar from Black Bar

Black steel is created through a mill process which involves rolling the steel at a high temperature (typically at a temperature over 1700° F), which is above the steel’s recrystallization temperature. When steel is above the recrystallization temperature, it can be shaped and formed easily, and the steel can be made in much larger sizes. Bright drawn steel is essentially black steel that has had further processing. The steel is processed further in cold reduction mills, where the material is cooled (at room temperature) followed by annealing and/or tempers rolling. The raw material used in the bright bar manufacturing process are called ‘black bars’ – steel wire rods that are mostly in coil form. They are cleaned by removing their scales, which is done either by ‘pickling’ (acid cleansing) or ‘shot blasting’ (blasting steel balls) techniques. Once cleaned, the curvy coil is opened, straightened and fed into the Combined Wire Drawing machine. In the drawing machine, the wire rods are reduced (‘drawn’) to a smaller diameter, straightened and polished/cut to required specifics. The resultant finished product is a Bright Bar (called ‘bright’ due to its shiny finish), also called a Cold Drawn Bar.
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Silicon Release Paper

Silicone Release Paper makes a big impact in a lot of little ways throughout our daily lives. From the bandage paper we peel away after a nasty paper-cut to the backing of every postage stamp we place, silicone release paper keeps fresh and tacky a wide variety of adhesives. While normal paper bonds to adhesives, release paper is designed specifically to be easy to pull away, without the risk of it falling off on its own. Global silicone release paper market is expected to expand at a lucrative CAGR during the forecast period, due to rising demand from application segments such as tapes, labels and other sealant product industries. Expected growth in end use sectors: construction, food & beverages, automotive & electronics over forecast period is anticipated to drive the silicone release papers market worldwide.
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Return: 1.00%Break even: N/A
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Plastic Corrugated Sheet & Boxes

Corrugated plastic Sheets are extruded twin-wall profile with two flat top and bottom layers connected by vertical ribs. It is made of high impact polypropylene resin. Currently being exported to countries like Qatar, New Zealand, Germany, Philippines, UK and Spain, this product is achieving new growth. Since polypropylene corrugated sheets have a high strength to weight ratio due to the structure of construction, they also have good cushioning property with the presence of air between two layers. This high ratio makes these sheets cost effective. Plastic corrugated boxes are a versatile solution and a cost-effective replacement for cardboard, fiberboard, molded plastic, and other substrates. Corrugated bin boxes can be regular slotted containers (RSC), half slotted containers (HSC), or roll end lock front containers (RELF). World demand for corrugated boxes is forecast to increase 4.2% per year to 234 billion square meters in 2017, slightly outpacing real (inflation-adjusted) gains in GDP. Factors contributing to rising box demand include growth in industrial activities, particularly the manufacturing sector, which often requires corrugated packaging to protect and transport goods. The global Corrugated Plastic Sheets market will reach xxx Million USD in 2018 and CAGR xx% 2018-2023.
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Return: 1.00%Break even: N/A
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Steel Wire Rope

A steel wire rope is made up of individual steel wires spun into a strand. A number of strands are closed over a central core to make up a rope. The number and size of wires will determine the best compromise possible between large wires for maximum corrosion protection and resistance to abrasion, and smaller wires for the required flexibility and handling. Wire rope is several strands of metal wire twisted into a helix forming a composite "rope", in a pattern known as "laid rope". In stricter senses the term "wire rope" refers to diameter larger than 3/8 inch (9.52 mm), with smaller gauges designated cable or cords.
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Homeo & Bio Medicines with Mother Tincture

Homeopathy is a type of option drug made in 1796 by Samuel Hahnemann taking into account his regulation of like cures like (similia similibus curentur), whereby a substance that causes the side effects of a sickness in solid individuals will cure comparable manifestations in wiped out individuals. Biomedicine is a major engine for both medical progress and economic growth as well as an integral part of how health, illness, and individual identity are understood. However, the foundations of biomedicine are in the midst of a great transformation, a transformation with profound implications for medicine, research, commerce, and public policy. Global homeopathy product market will exhibit a promising 18.2% CAGR over the period between 2016 and 2024. If the number holds true, the market, which valued at US$3,867.7 mn in 2015, is expected to reach US$17,486.2 mn by 2024.
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Tin Containers

A tin container is a compact tin box designed for the storage and distribution of goods. This tin can is crafted out of a thin metal that can be anything ranging from iron to aluminium. Although not always, these small metal cans often feature a tin plating. They can be found in any form, size, and color. These packaging materials are mostly applied in the food and cosmetics industry. Besides their dominant presence in the above-named industries, they are often used for personal storage purposes. Especially the older tins that have a nostalgic value can often be found in people’s living rooms or kitchens where they function as decoration. Still today, decorated tin boxes are being sold during the holiday season. These beautiful small tin containers with lids are a popular gift as they are often filled with chocolate or cookies. The smaller types of these decorated tins are often reused by people to store their personal items.
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Air Cooler

The function of an air cooler is similar to that of an evaporator. An air cooler is a heat exchanger used to cool and/or dehumidify the air. Brine (water with glycol) is typically used as a coolant in air coolers or some other secondary coolant can be used. An air cooler can, for example, be copper or steel pipe onto which aluminium fins are fitted. The cooling medium flowing through the heat exchanger cools the aluminium fins, where heat is exchanged between the cooling medium and the air. The air that is to be cooled/dehumidified is forced over the aluminium fins by a fan. Air coolers are used for air conditioning in buildings, industrial air cooling processes, etc. Air cooler market is anticipated to cross a market size of INR 9000 crore by 2021. The Indian cooling market is witnessing an increase in the use of green technologies. Market vendors are increasingly adopting green technologies to create energy-efficient and eco-friendly air cooling systems. The air-cooler market in India has witnessed rapid growth in recent times thanks to the country’s strong economic performance, rising household incomes and a favourable shift in consumer perceptions towards air-coolers. High and rising temperature levels are leading to greater demand for cooling solutions. In India, especially among the mid-income groups, there is a huge demand of air coolers.
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Return: 1.00%Break even: N/A
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Information
  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.

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