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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.
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Ferro Vanadium

Ferro vanadium is an alloy which is formed by combining iron and vanadium. Ferrovanadium contains 35% to 85% of vanadium depending on applications of the product in end-use industry. Ferro vanadium is an alloy material that is used in manufacturing of steel.Ferrovanadium (FeV) is an alloy formed by combining iron and vanadium with a vanadium content range of 35%-85%. The production of this alloy results in a grayish silver crystalline solid that can be crushed into a powder called "ferrovanadium dust." The steel industry accounts for around 92% of vanadium consumption. Tool, high speed and high alloy steels contain around 20% vanadium, and high strength low alloy (HSLA) steel contains less than 0.5% vanadium.Global Steel Demand Forecast to Expand Further2018 steel demand forecast to grow 1.8% to 1.62 billion metric tons, but more slowly in 2019. This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under • Bhubaneswari Coal Mining Ltd. • Essel Mining &Inds. Ltd. • Indian Technomac Co. Ltd. • Kothari Metals Ltd.
Plant capacity: Ferro Vanadium: 4 MT/DayPlant & machinery: Rs. 135 lakhs
Working capital: -T.C.I: Cost of Project: Rs.659 lakhs
Return: 31.00%Break even: 68.00%
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Cold Storage

A cold storage is a temperature-controlled supply chain network, with storage and distribution activities carried out in a manner such that the temperature of a product is maintained in a specified range, needed to keep it fresh and edible for a much longer period than in normal ambient conditions. This system facilitates long distance transport of various products as well as makes seasonal products available over the entire year.Cold Storage is a special kind of room, the temperature of, which is kept very low with the help of machines and precision instruments. Chilling involves reducing food temperatures to below ambient temperatures, but above –1°C. Indian cold storage market is expected to grow at a CAGR of 16.09% by 2020 driven by the growth in the organized retail, Indian fast food market, and food processing industry. The cold storage market in India is highly fragmented with more than 3500 players in the unorganized sector and around 30 players in the organized sector. India currently has 6156 cold storage facilities across various states with total capacity of 28.68 MMT. Entrepreneurs who invest in this project will be successful.
Plant capacity: Cold Storage (Fruits, Vegetables, Pulses & Spices Store): 5000 MT Plant & machinery: Rs. 120 lakhs
Working capital: -T.C.I: Cost of Project: Rs665 lakhs
Return: 18.00%Break even: 54.00%
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Red Oxide Primer From Mill Scale

Red oxide primer is a specially formulated coating used as a base coat for ferrous metals. Red-oxide primer serves a similar purpose to interior wall primers in that it prepares metal for a topcoat, but it also gives iron and steel surfaces a layer of protection. A primer is composed of Red Oxide, solvents, resins, and various additives. The pigments give the primer color; solvents make it easier to apply; resins help it dry; and additives serve as everything from fillers to anti fungicidal agents. The Indian paint market will grow with a CAGR of around 14% during 2015-16 to 2019-20.The Indian paint industry has been growing at an average 15% per annum over the last decade. Growth has been consistent with the Indian GDP growth rate and in some years the industry has grown at a rate of 1.5 to 2 times higher than that of GDP growth. Construction remains the key growth sector and is driving demand for decorative and protective coatings.As a whole any entrepreneur can venture in this project without risk and earn profit. Few Indian major players are as under • Ashok Neel Mfrs. Pvt. Ltd. • Bajaj Superpack India Ltd. • Eskay Dye-Stuffs & Organic Chemicals Pvt. Ltd. • Futura Polyesters Ltd. • NirupSynchrome Ltd. • Omkar Industries Ltd.
Plant capacity: Red Oxide Primer (Each Packed in 20 Ltrs Container) : 1000 Packs/Day Red Oxide Primer (Each Packed in 5 Ltrs Container) : 4000 Packs/DayPlant & machinery: Rs. 292 lakhs
Working capital: -T.C.I: Cost of Project: Rs. 1016 lakhs
Return: 28.00%Break even: 56.00%
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Jute Shopping Bags

Jute fabrics are strong, durable, light, color fast, attractive and cheaper than most fabrics made from other fibers.There is very simple sewing machine and cutting machine required for making jute bags. There is very good demand of jute bags. Demand of jute bag is meet up by our own growth. Jute bags has very good export potentiality. Raw materials required for making jute bags are cotton threads and jute fiber cloth. It can be packed in the plain box and transport it. The global jute bag market reached a value of US$ 1.4 Billion in 2016, exhibiting a CAGR of around 11% during 2009-2016. The market is projected to reach a value of US$ 2.6 Billion by 2022.Indian jute carry and shopping bags exporters are shipping over millions of bags every year & trends show that the numbers are likely to keep rising rapidly. Sara International, one of the top jute bags manufacturers, which is taking advantage of this trend.As a whole any entrepreneur can venture in this project without risk and earn profit. Few Indian major players are as under • Agarpara Jute Mills Ltd. • Ambica Jute Mills Ltd. • Bally Jute Co. Ltd. • Calcutta Jute Mfg. Co. Ltd. • Caledonian Jute &Inds. Ltd. • Empire Jute Co. Ltd.
Plant capacity: Jute Shopping Bags: 2400Nos/DayPlant & machinery: Rs. 4 lakhs
Working capital: -T.C.I: Cost of Project : Rs. 22 lakhs
Return: 32.00%Break even: 82.00%
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PVC Conduit Pipes

PVC material is difficult to ignite and self-extinguishing (when flame removed) property/characteristic make it important thermoplastic.PVC Conduit pipes are produced by extrusion process followed by calibration to ensure maintenance of accurate internal dia with smooth internal boxes. These pipes generally come in lengths of 6 meters. A wide range of injection molded fittings, including tees, elbows, reducers, caps, pipes saddles, inserts and threaded adaptors for pipe sizes 15-150 mm are available. The India PVC pipes and fittings market will grow at a double digit CAGR over the period FY’2014-FY’2019 and is projected to reach INR 391 billion by FY’ 2019.Global PVC Pipe Market size was valued at $54,246 million in 2015 and is anticipated to grow at a CAGR of 6.7% to reach $85,565 million by 2022. Polyvinyl chloride (PVC) is the third largest selling plastic commodity after polyethylene &polypropylene.Entrepreneurs who invest in this project will be successful. Few Indian major players are as under • Agarpara Jute Mills Ltd. • Ambica Jute Mills Ltd. • Bally Jute Co. Ltd. • Calcutta Jute Mfg. Co. Ltd. • Caledonian Jute &Inds. Ltd. • Empire Jute Co. Ltd.
Plant capacity: PVC Conduit Pipes: 10MT/DayPlant & machinery: Rs. 103 lakhs
Working capital: -T.C.I: Cost of Project: Rs1300 lakhs
Return: 26.00%Break even: 35.00%
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Craft Beer

A microbrewery or craft brewery is a brewery that produces small amounts of beer (or sometimes root beer). The main raw material are Malt, yeast, water. Some additives for yeast growth eg ammonium phosphate, ammonium sulphate, potassium metasulphate for preservation of beer. For craft beer some vegetable and fruit extract are added to enhance the flavor. India’s alcoholic drinks market, we expect to see strong growth in beer consumption over our forecast period. In volume terms, beer sales will rise at CAGR of 7.5 per cent between 2017 and 2021.”The craft beer market in India is pegged at Rs. 280 crore and may grow to Rs. 4,400 crore by 2020.Thus, due to demand it is best to invest in this project. Few Indian major players are as under • Appollo Distilleries & Breweries Pvt. Ltd. • Arthos Breweries Ltd. • Aurangabad Breweries Ltd. • Castle Breweries Ltd. • Devans Modern Breweries Ltd. • Doburg Lager Breweries Ltd.
Plant capacity: Craft Beer: 10000Ltrs./DayPlant & machinery: Rs. 522 lakhs
Working capital: -T.C.I: Cost of Project: Rs.1040lakhs
Return: 27.00%Break even: 56.00%
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Noodles, Vermicelli, Macaroni and Spaghetti Production Business

Noodles, Vermicelli, Macaroni and Spaghetti Production Business. Start a Profitable Pasta Product Manufacturing Industry Macaroni is a traditional food product that is formed by the use of dough, which is made by the use of flour, water, and eggs after which it is formed into different shapes. It can be simply put that macaroni is a dry pasta. Lastly, a curved macaroni is mostly referred to as elbow macaroni, which is popular among young children. Many macaroni and noodle products are being used in precooked frozen dinners of macaroni and cheese, macaroni and spaghetti and meat sauce, tuna and noodles and many others. Some what the some preparation techniques are used for freezing are used for canning. Spaghetti is long, thin pasta. Spaghetti with meatballs in marinara sauce is an Italian restaurant classic. Spaghetti is a popular Italian pasta, often served with a tomato sauce sometimes called spaghetti sauce. The Italian word spago means string, and spaghetti is the plural of spago — a description of what spaghetti looks like. Spaghetti straps are very thin shoulder straps found on dresses and summery tops. Spaghetti is generally served with some type of sauce; the sauce and the type of spaghetti are usually matched based on consistency and ease of eating. Northern Italian cooking uses less tomato sauce, garlic and herbs. In Northern Italy white sauce is more common. However Italian cuisine is best identified by individual regions. In Southern Italy more complex variations include spaghetti paired with fresh vegetables, olives, capers or seafood. Vermicelli is a type of fine pasta that is similar to spaghetti. The pasta features long rounded pasta strands that tend to be slightly thinner than spaghetti and somewhat thicker than angel hair pasta. In Italian, vermicelli literally means "little worms" and reflects the pastas distinctive worm-like shape. In India and other countries of the Indian Subcontinent, wheat vermicelli is known by various local names such as sev in Gujarati, shavige in Kannada, sevalu or semiya in Telugu, and semiya in Tamil and Malayalam. Vermicelli is made out of maida that is ground from very hard wheat. It is simply maida, water, and a little salt. Vermicelli is a popular instant food product. It falls under the category of extruded product and is made from wheat flour. At times tapioca or soya bean or groundnut flour is also added. Thus, it is rich in proteins and liked by people from all walks of life, irrespective of age. India celebrates more festival than other countries. These festivals are chiefly religious, secular and social. The festivals are therefore an intimate part of our religious as well as secular life. They are at the same time related to some ancient religious length, to the cycle of reasons, and to the community's need of change, release and economic well-seeing. Noodles were traditionally served in a hot or cold seasonal broth whilst pasta had a sauce added. Nowadays, though, fusion cuisine is offering all sorts of exciting new ways to prepare noodles. Market Outlook Noodles Noodles market in India is one of the fastest growing globally driven by steady economic growth and rise in disposable income of consumers. Rapid urbanization and a large young population are also helping Noodles market to grow further. Dried and Instant Noodles is the leading category in the Noodles market with Convenience Stores being the leading distribution channel. Urbanization, rising income levels, working couples, interstate migration and changing lifestyle of young India are key drivers for the noodles market. The product was positioned as meal which is filling and can be prepared in just a few minutes, thus offering both convenience and time saving. Noodles are value-added processed food items from flour. In addition, the product occupies 45% market share in the processed cereal products in India. According to the output and constitute, this is the largest segment in this sector of the processed food market. Generally, this item is more popular in the northern parts of our country. The product is an extruded product made of tapioca flour and maida. They are long thread-like of 0.22 to 0.4 mm. thickness. Trends in Indian noodle market • Traditional flavors still dominate: Masala, chicken and tomato are most popular flavors in the market • Addressing rural market: Noodles are primarily consumed in urban India and to expand this market companies have introduced small sized and low cost products to address the demand of rural market. The success of this effort is still to be seen. • Huge Rural market: rural India where close to 60% of Indian population resides is a huge consumption market virtually un-penetrated by any player. Low cost products with appropriate marketing can open up this huge market. Some of the major reasons for its popularity are: • Increasing population of the country. • Rapid industrialization in the country. • Increasing purchasing capacity of the people. • The durability of the product. • The changing eating habit of the population. • Increasing preference for ready to eat food because of the increasing numbers of working couples etc. Vermicelli: Five main features of vermicelli make it a highly demanded product in the market: • Ready to eat • Easy to prepare • Nutritious • Tasty and • Low Cost It is one of the most preferred ready to cook item in both Indian and foreign markets. With the rapid urbanization and growth of the economy, the demand of healthy and easy to prepare food products has reached sky high. This makes the vermicelli making business an ideal business opportunity to grab on as the demand for the same is in a highly growing trend. During Ramzan, the demand reaches at the top as kheer made of vermicelli is consumed all on a daily basis after daylong fasting. However, in compare to the other foreign countries, the consumption rate of vermicelli is comparatively low, thus there is a huge opportunity to grow and capture the market. Urbanization has changed the lifestyles of not only urbanites but even of semi-urban and rural areas. This along with increase in the purchasing power of people has fuelled demand for many fast food or instant food items and vermicelli is one such product. With the addition of groundnut or soya bean or tapioca flour, it also becomes a nutritive product and thus even health conscious people prefer it. Thus vermicelli has, become a very popular instant food. Variety since last few years and its demand is steadily growing. There are some established brands but the market is very large and growing. A small-scale unit can compete with these brands in the local market on the price front because of low overheads, less transportation costs and reasonable advertisement budget. Proper and adequate placement of product and thrust on publicity at the point of sales would also be crucial. Pasta Product Market: The global market for pasta can be classified into spaghetti, macaroni, and noodles. It can also be bifurcated into fresh and dried pasta. While the former is prepared from simple dough of eggs and flour, the latter is made from finely ground semolina flour and water, sans egg mostly. Fresh pasta has a comparatively shorter shelf life than dried pasta and hence it is more expensive. Dried pasta generates accounts for a dominant share vis-à-vis sales in the global market for pasta. The overall global pasta market is expected to grow moderately in the upcoming years. Global Pasta Market is projected to witness at the CAGR of 5.85% and it is projected to reach USD 32.78 Billion during the period of 2017 to 2023. The global pasta market is being driven by a number of favorable factors. The changing preferences of the consumers, resulting from the western influences and urbanization in the developing regions, have contributed to the market growth. Further, as a result of hectic lifestyle, the consumers prefer easy-to-make food products. Since, pasta is a healthy carbohydrate-rich food and convenient to prepare, the demand for different types of pasta products such as fusilli, macaroni and vermicelli, has been on a surge. Moreover, manufacturers are introducing product innovations such as gluten-free pasta, organic pasta and vegan pasta to attract a larger consumer-base. Geography-wise, the global market for pasta has been segmented into Asia Pacific, Europe, North America, and the Rest of the World. Among them, Europe accounts for maximum percentage share in terms of consumption and North America comes next. Markets in China and India, emerging economies whose growth rate has surpassed that of all other countries in the world, have proved to be tough ones to crack. Per capita sales of pasta is low in India and China on account of lesser priced regional staples such as rice and noodles. Besides the lack of affordability and cultural preferences, the abundant availability of pasta is another factor hobbling the growth of the Asian markets. Going forward, however, tables might likely turn due to rising per capita income in emerging economies, particularly India and China. This, coupled with rising urbanization, is anticipated to push substantial growth in the near future. The spaghetti segment is projected to register the higher growth rate (5.77%) during the forecast period of 2017 to 2023. Change in consumer lifestyle, increasing disposable income, increase in health awareness, and rise in demand for convenience food and consumption will a positive impact on the market during the forecast period. Packaged foods are convenient to carry, store, and use. Thus, all these factors together will drive the market. The primary factors catalyzing the growth of the pasta market in India include rising urbanization, changing lifestyles and surging demand for ready-to-eat products. In addition to this, the market is also influenced by an increasing women employment rate coupled with rising disposable incomes. Further, the health-conscious consumers are demanding food products with healthier ingredients, which has led to a rise in the demand for pasta made with whole-wheat and quinoa. Some of the other forces that have been proactive in maintaining the market growth are longer shelf-life and ease of preparation. Looking forward, the market value is projected to reach US$ 709.1 Million by 2023, registering a CAGR of 16.2% during 2018-2023. Tags Macaroni Production, Macaroni, Macaroni Production Process, Manufacture of Pasta, Macaroni, Noodle, and Spaghetti Production, Pasta Production Process Pdf, Pasta Manufacturing Project Report, How is Pasta, Pasta Manufacturing Process PPT, Macaroni Manufacturing, Pasta Processing, Pasta Production, Pasta Manufacturing, Spaghetti Making Process, Production of Pasta and Spaghetti, Food Processing Plant, Industrial Production of Pasta, How to Make Spaghetti? 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Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Jute Shopping Bags Manufacturing Business

Jute Shopping Bags Manufacturing Business. Project Opportunities in Production of Eco-Friendly Jute Bags As the name itself implies the jute bags are used for shopping purpose. Now a day the printed jute bags are used for travel purposes too. Jute bags are the most common and usable products that are manufactured and sold in the market. The demand for jute bags has excessively increased over the last year. People now days carry these bags as stylish hand bags. A recent study has shown that the general public has become very bored of carrying bags made of leather bags or even plastic bags. Amid increasing awareness against the use of plastic bags, especially in the European Union, Indian jute carry and shopping bags exporters are shipping over millions of bags every year & trends show that the numbers are likely to keep rising rapidly. Jute bags are used as packaging material for bulk goods as well as shopping and gift bags. Jute, also known as golden fibre, refers to a natural fibre which is derived from jute plant. After cotton, jute is regarded as the second-most important vegetable fiber. On account of its recyclable, re-usable, non-toxic and biodegradable nature, jute bags are gradually gaining popularity across the globe. If left unused, jute bags get destroyed on their own without leaving behind any remnants or polluting the environment. Now days, you can use jute bags in multiple purposes such as:- ? Women using jute bags as stylish handbags now days ? Students use jute bags to carry books to school or College ? These are used as shopping bags all over the world ? These are used to carry lunch to work. ? It can be used school bags. ? It can be used for transferring product from one place to another. ? These bags can be used for promotional purposes as well. ? Jute bags can be used for travel and transport purposes. ? Jute bags are versatile and can be used as a gift bags. The best thing about jute bags is that they are not expensive as compare to other material bags; also these bags are eco-friendly and reusable. As per industry estimates, India had exported millions of jute bags mainly to Europe. With the big jute mills already in the manufacturing of the bags. The production of this item, which is mainly in the micro and small enterprises, has picked up substantially in the last few years. Market Outlook Indian jute carry and shopping bags exporters are shipping over millions of bags every year & trends show that the numbers are likely to keep rising rapidly. There is a big scope globally for Indian jute shopping bags as an alternative to plastic bags. India’s export of jute bags have risen quite rapidly. As per industry estimates, India had exported millions of jute bags mainly to Europe. With the big jute mills already in the manufacturing of the bags. The production of this item, which is mainly in the micro and small enterprises, has picked up substantially in the last few years. India holds the majority of the shares, representing the leading producer of jute bags. The report has also assessed the competitive landscape of the market and finds that it is fragmented in nature. The global jute bag industry is currently at a nascent stage with encouraging growth aspects. The demand for jute bags has witnessed a surge over the past few years, particularly in the European Union. This can be attributed to the growing environment consciousness in the region. The imports of jute bags in non-producing countries have also been facilitated by the ban on plastic packaging materials and bags. Additionally, the benefits offered by jute bags such as their biodegradability, durability, low cost, high strength, etc. have further supported the market growth. The global jute bag market reached a value of US$ 1.4 Billion in 2016, exhibiting a CAGR of around 11% during 2009-2016. The global jute market on the basis of type, covering jute sack bags and jute shopping bags. Currently, jute sack bags dominate the market, accounting for the majority of the sales volume. The market has further been segmented on a regional basis and includes India, Bangladesh, China and Others. Amongst these, India holds the majority of the shares, representing the leading producer of jute bags. On account of growing awareness amongst consumers, particularly due to the environmental factors like surging pollution levels and depletion of the ozone layer, the demand for jute bag is witnessing a strong growth. In addition to this, government of several emerging nations have been undertaking initiatives in order to ban the use of plastic bags. Moreover, they are levying penalties on shops which are selling and continuing to provide goods in plastic bags. As demand for plastic bag is inversely proportional to the demand for jute bag, these initiatives have led to a surge in the demand for jute bags. Further, the popularity of jute bag particularly in the Asia Pacific region is positively influencing its demand in the western countries. Apart from this, manufacturers are constantly coming up with customized bag options, experimenting in terms of style, design, shape and size, so as to widen their consumer-base. There is tremendous demand of jute shopping bag. Proportionately supply of jute shopping bag is from the tiny and small scale sector. There is no scale large industry engaged only in the production of jute shopping bags. Supply of jute shopping bag is mainly from the village co-operative tiny sector. In future there is much more scope of jute shopping bags due to replacement of plastic bag. Jute Bags is a Good product to Export. People often find some Different product to export. This can be a good option for exporters. As right now there is less competition in this product. You can easily gain competitive advantage over this. Jute bags are a wonderful alternative to plastic. It is very much in vogue nowadays which is why it is a great business venture to start with and also have a wide market. Few Indian major players are as under: • Agarpara Jute Mills Ltd. • Ambica Jute Mills Ltd. • Bally Jute Co. Ltd. • Calcutta Jute Mfg. Co. Ltd. • Caledonian Jute & Inds. Ltd. • Empire Jute Co. Ltd. Tags Jute Bag Manufacturing Business Plan Pdf, Jute Bag Manufacturing Project Report, How to Set Up a Jute Bag Manufacturing Unit, Jute Bags Making Business Plan, Jute Bags Manufacture, Jute Bags Manufacturing Business, Jute Bags, Jute Shopping Bag, Jute Bag Manufacturing Business Plan Pdf, How to Set Up a Jute Bag Manufacturing Unit, Jute Industry, Jute Industry in India, How to Start Jute Bag Making Business, Jute Bag Industry, Jute Bags Manufacturing Process, Jute Shopping Bags, Jute Shopping Bags Manufacturing, Jute Fashion Bags, Manufacturing of Jute Shopping Bag, Printed Jute Bags, Shopping Bags, Jute Bag Making Business, Reusable Shopping Bags, Jute Carry Bags, Manufacture of Jute Shopping Bags, Manufacturing of Jute Products, Jute Bag Manufacture In India, Business Plan for Jute Bag Production, Jute Bag Making Unit, Jute Bag Making Process, Jute Bag Making Business Opportunity in India, Jute Bags, Jute Bag Making, Jute Bag Manufacturing Plant, Jute Bags (Shoppers Bags), Project Report on Manufacturing of Jute Bags, Ecofriendly Jute Bags, Best Eco Friendly Business Ideas, Project Report on Jute Bag Manufacturing Industry, Detailed Project Report on Jute Bag Manufacturing, Project Report on Jute Shopping Bags Manufacturing, Pre-Investment Feasibility Study on Jute Bag Manufacturing, Techno-Economic feasibility study on Jute Bag Manufacturing, Feasibility report on Jute Bag Manufacturing, Free Project Profile on Jute Shopping Bags Manufacturing, Project profile on Jute Bag Manufacturing, Download free project profile on Jute Bag Manufacturing
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Ferro Vanadium Production Business

Ferro Vanadium Production Business. Ferrovanadium Market is expected to Expand at a CAGR of 5.0% between 2018 and 2028. Ferro Alloys Industry Ferro Vanadium is an alloy which is formed by combining iron and vanadium with a vanadium content range of 35%-85%. Ferrovanadium is a universal hardener, strengthener and anti-corrosive additive for steels like high-strength low-alloy (HSLA) steel, tool steels, as well as other ferrous-based products. Ferro vanadium belongs to the category of ferroalloy. Ferro vanadium is an alloy which is formed by combining iron and vanadium. Ferrovanadium contains 35% to 85% of vanadium depending on applications of the product in end-use industry. Ferrovanadium is an alloy material that is used in manufacturing of steel. It imparts desirable properties such as abrasion resistance, high temperature and hardenability. Ferrovanadium used for manufacturing of steel offers the end product with high stability against alkalis as well as acids such as sulphuric and hydrochloric acids. In addition, products containing ferro vanadium are at reduced risk to be susceptible to corrosion. Ferro vanadium also helps in reducing the overall weight of the material as well as increasing the overall tensile strength of the end product. In addition, it helps in promoting fine grain size and increasing hardenability through precipitation of nitrides and carbides. Ferro vanadium is manufactured using an electric arc furnace in which scrap iron is melted initially and then it is combined with the mixture of aluminum as well as flux such as calcium fluoride and calcium oxide. It is usually supplied in pallet boxes or in shrink wrapped in super bags. Ferro Vanadium is produced from Vanadium Sludge & usually available in the range with V: 50-85%. Ferro Vanadium acts as universal hardener, strengthener and anti-corrosive additive for steels like high-strength low-alloy (HSLA) steel, tool steels, as well as other ferrous-based products. Origin of Ferro Vanadium is mainly India and China. Vanadium is applied for alloying titanium, niobium, and chromium-based alloys widely used in aviation, rocket and space engineering. Pure metallic vanadium is used in the nuclear industry and in the manufacture of electronic devices. Ferrovanadium increases hardenability and resistance to tempering. It is used to enhance toughness, resistance of steel to alternating loads. Ferrovanadium is also used to obtain fine-grained structure of steel. Ferro Vanadium was primarily recovered from titanium-bearing magnetite ore processed to produce pig iron. The process produces a slag containing 20% to 24% vanadium pentoxide, which can be further processed to ferrovanadium containing 40% to 50% vanadium. 84% came from ferrovanadium and nearly all of it (99%) went into steel manufacturing. The Ferro Vanadium is used as an alloying agent for the metals iron and steel and also aerospace. Application The most important use of vanadium is as an additive for steel. It is used for the production of rust resistant, spring and high speed tool steels. It is also added to steels to stabilize carbides. Vanadium foil is also used to bond titanium to steel. Due to its low fission neutron cross section vanadium is also used in nuclear applications. The Ferro Vanadium is used as an alloying agent for the metals iron & steel and also aero. Ferro Vanadium is used primarily as an alloying agent for iron and steel and, with the exception of the steel industry, the aerospace market is the primary user of the metal. It is found in deposits of titaniferous magnetite, phosphate rock and uraniferous sandstone and siltstone. Significant amounts are also present in bauxite and carboniferous materials such as crude oil, coal, oil shale and tar sands. Vanadium is usually recovered as a by-product or co-product, and thus world resources of the element are not fully indicative of available supplies. Vanadium is also useful in the production of aerospace titanium alloys and as a catalyst in producing maleic anhydride and sulfuric acid. Most of the ferro vanadium manufactured is utilized in the alloying process used to manufacture hardened steel. Hardened steel further finds application in the manufacturing of axles, bicycles frames, crankshafts and other highly critical steel components. Thus, the growing steel industry is expected to boost the overall growth in the demand for the ferro vanadium market. Market Outlook The steel industry accounts for around 92% of vanadium consumption. Tool, high speed and high alloy steels contain around 20% vanadium, and high strength low alloy (HSLA) steel contains less than 0.5% vanadium. Around 4% of annual vanadium production is as a titanium alloy for aerospace and industrial purposes. This alloy Ti6-4 (4% vanadium) is the workhorse titanium alloy used in aerospace applications. The main demand drivers for ferro-vanadium are global steel production rates and the vanadium consumption rate used within the steel industry. The main vanadium raw material is referred to as vanadium pentoxide. Vanadium can either be derived from mined ore, from steelmaking slags, or from petroleum residues. The leading vanadium-producing nations remained China, Russia, and South Africa. Japan and the United States were thought to be the only countries to recover significant quantities of vanadium from petroleum residues. The major consumption of the ferro vanadium that is being manufactured is used in the process of alloying that is used in the manufacturing of the hardened steel. Hardened steel is used in the applications such as in the manufacturing of bicycles frames, axles, crankshafts, and other very critical components of steel. Thus, the industrial progress of the steel industry will trigger the growth of the ferro vanadium market. In the manufacturing of the high carbon steel alloy, ferro vanadium is used widely. This high carbon steel is used in the production of the medical tools. When vanadium is used in the alloys of titanium they can be used for manufacturing of the high-speed airframes and in jet engines. The overall weight of the steel is reduced by using ferro vanadium; hence, it is used in the manufacturing of the automobiles that are light in weight. Ferrovanadium is an alloy used to strengthen steel. It is a combination of iron and vanadium in which vanadium content varies from 35%-80%. It is used as an additive to enhance the quality of ferroalloys. When added to steel, the products are light in weight with extremely high tensile strength. The market for ferrovanadium is primarily driven by increasing demand for high strength steel and high strength low alloy steel from the construction and automotive and transportation industries. The growth of these industries will be the key contributor responsible for the growth of the market of ferrovanadium during the forecast period. As these industries are most prominent industries consuming majority of the steel consumption across the globe. The global ferrovanadium market has been segmented as FeV40, FeV50, FeV60, FeV80 and nitride ferrovanadium. On the basis of production method, the ferrovanadium market is segmented into aluminothermy reduction and silicon reduction. On the basis of end use, the global ferrovanadium market is segmented into aerospace, automotive & transportation, construction, oil & gas industrial equipment and others. In the others segment of end use industries. The growth of the region will be supplemented by the growing construction and automotive sector. In addition, the Chinese ferrovanadium market is anticipated to witness additional demand for ferrovanadium in the coming years, mainly due to revised standards by the Chinese government for increasing the tensile strength of rebar products. Ferrovanadium is the most commonly and widely used alloy for enhancing the strength of reinforcing bars used in buildings, bridges and tunnels. The global ferrovanadium market is expected to register a CAGR of 5.0% over the forecast period (2018-2028) in value terms. The estimated volume of ferrovanadium market in 2018 is 90,033 MT, and it is expected to grow at a CAGR of 3.4% to reach 125,698 MT by the end of 2028. The Indian alumina plants, which are mostly based on East Coast bauxite and that which have to meet the internal demand. On the other hand, with growth of Automobile and Casting Sectors, demand for ferrovanadium is expected to increase and this will have to be met by imports. The accelerated growth in the Forging Industry and increased demand for die steels and tool steel too, have paved way for increased vanadium consumption. Tags Ferrovanadium, Process for Production of Ferro-Vanadium, Ferrovanadium Production, Process for Producing Ferrovanadium Alloys, Ferro Vanadium, Vanadium, Production of Ferrovanadium, Ferrovanadium Production Process, Ferrovanadium Formula, Ferro Vanadium Uses, Vanadium and Ferrovanadium, Production of Vanadium Alloys, Ferro Alloys, Manufacture of Ferro Alloys, How to Start Production of Ferroalloys, Ferro Vanadium Industry, Project Report on Ferro Vanadium, Vanadium Industry, Vanadium Processing, Ferro Vanadium Manufacture, Ferro Vanadium Manufacturing, Project Report on Ferrovanadium Production Industry, Detailed Project Report on Ferrovanadium Production, Project Report on Ferrovanadium Production, Pre-Investment Feasibility Study on Ferrovanadium Production, Techno-Economic feasibility study on Ferrovanadium Production, Feasibility report on Ferrovanadium Production, Free Project Profile on Ferrovanadium Production, Ferro Alloys Production Process Pdf, Project profile on Ferrovanadium Production, Download free project profile on Ferrovanadium Production, Opportunities in the Ferroalloy Sector
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Return: 1.00%Break even: N/A
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E-Rickshaw Assembling

Electric Rickshaw, in short, also called as E-Rickshaw. This kind of transport vehicle are famous in many countries, this is eco-friendly vehicles for carrying passengers across the city without fuel. This is the reason these vehicles have become so popular. This e-rickshaw are popular in many countries and has been in use by many. Hundreds of thousands of electric three-wheelers - popularly called e-rickshaws - have been operating in India for over three years now. Big cities in India are currently struggling with pollution and the government is taking strong measure to overcome this by introducing new rules and regulation for diesel vehicle. Near future e-rickshaws are going to be preferable mode of public transportation and it is going to replace fuel operated rickshaws. As we all know that the demand of e-rickshaw is growing rapidly in India and other cities. Even, people in small cities in India are preferring e-rickshaws for travelling. With growing demand, manufacturing companies are planning to meet demand at any cost. E-rickshaw manufacturing companies are contributing for better weather conditions across the country. Passenger carriers held a larger share in the Indian electric rickshaw market in 2017, accounting for more than 95% revenue. They are expected to continue holding a larger market share in the coming years as well, on account of the large passenger base in the country, coupled with the growing demand for low-cost shared mobility. Indian electric rickshaw market is projected to reach 935.5 thousand units by 2023, the market growth is majorly driven by government incentives and environmental policies, and declining battery prices.
Plant capacity: 1,200 Nos per AnnumPlant & machinery: 29 Lakhs
Working capital: -T.C.I: Cost of Project: 324 Lakhs
Return: 24.00%Break even: 56.00%
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