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

Minerals: Project Opportunities in Odisha (Orissa)

 

PROFILE:

Indian mineral resources are sufficiently rich and varied to provide the country with a strong industrial base. India is gifted with important mineral resources. The country produces about 89 minerals out of which 52 are non-metallic, 4 are fuel minerals, 11 are metallic, and 22 are minor minerals. The Mining industry in India is a major economic activity which contributes significantly to the economy of India. The GDP contribution of the mining industry varies from 2.2% to 2/5% only but going by the GDP of the total industrial sector it contributes around 10% to 11%. Even mining done on small scale contributes 6% to the entire cost of mineral production. Indian Mining Industry provides job opportunities to around 700,000 individuals.

RESOURCES:

With its vast resources of minerals Orissa offers excellent opportunities for mineral and mineral-based industries. The State has vast and diverse mineral deposits amounting to almost 16.92% of the total reserves of the country. Orissa offers investment opportunities for the following mineral-based industries: - sponge iron unit, induction furnace, coal washery, aluminium fluoride, powder metallurgy, aluminium downstream. The rich reserves of minerals in Orissa have led to the establishment of several mineral based industries in the State. Orissa is endowed with rich mineral resources like iron-ore, bauxite, coal, manganese-ore, chromite etc. According to All India Mineral Resources Estimates the mineral deposits of Orissa in respect of chromite, nickel, cobalt, bauxite, iron-ore are about 98.4%, 95.1%, 77.5%, 52.7% and 33.4% respectively of the total deposits of India. Other important mineral resources of the state are limestone, china clay, quartz, precious and semi-precious stones, copper, vanadium etc. The main exported minerals of the state are chromite, coal, dolomite, iron-ore, manganese and bauxite.

GOVERNMENT POLICIES:

The salient features of the National Mineral Policy, 2008 (NMP) generally applicable to the States are as follows:-

·         Minerals being a valuable resource, extraction have to be optimised through scientific methods, beneficiation and economic utilization. Zero waste mining will be the goal.

·         The regulatory environment will be made more conducive to investment. Transparency in allocations of concession will be assured with security of tenure to a concessionaire.

·         The duration of all concessions shall be rationalised.

·         Data filing requirements will be rigorously monitored and concessionaires will be closely monitored in this regard.

·         A framework of sustainable development will be designed to ensure that mining can take place along with restoration.

·         Mining shall not be undertaken in ecologically fragile or biologically rich areas. Mining in forest areas will be accompanied by time-bound reclamation.

·         Mining sectoral value addition through beneficiation, calibration, blending, sizing, concentration, pelletisation, purification and customization will be encouraged.

·         Mining infrastructure requires a special thrust. Infrastructure needs will be financed through innovative structures including user charges, PPP mode and viability gap funding.

·         An enabling environment will be created to motivate large capacity mining companies to undertake creation of transportation network.

·         In the public funding of infrastructure, greater thrust will be given to development of health, education, drinking water, road and other related facilities for integrated regional development.

·         State agencies involved in mineral sector development and regulation will be encouraged to modernize in the areas of prospecting as well as regulation.

·         The State Directorates will be suitably strengthened to enable them to regulate mining in the interests of conservation and scientific development of the sector.

 

Agro & Food Processing: Project Opportunities in Odisha (Orissa)

 

PROFILE:

India is the world's second largest producer of food next to China, and has the potential of being the biggest with the food and agricultural sector. The Indian food processing industry stands at $135 billion and is estimated to grow with a CAGR of 10 per cent to reach $200 billion by 2015. The food processing industry in India is witnessing rapid growth. In addition to the demand side, there are changes happening on the supply side with the growth in organised retail, increasing FDI in food processing and introduction of new products. India's food processing sector covers fruit and vegetables; meat and poultry; milk and milk products, alcoholic beverages, fisheries, plantation, grain processing and other consumer product groups like confectionery, chocolates and cocoa products, Soya-based products, mineral water, high protein foods etc.

 

RESOURCES:

The State has vast potential for agro and food processing industries. This sector has therefore been identified as a prominent thrust area. Agriculture occupies a vital place in Orissa's economy with nearly 65 per cent of the total work force directly or indirectly engaged it. The State attaches top most priority to the growth of agro based and food processing industries. The Government has framed an agricultural policy with the aim of increasing investment in agriculture; bringing about a shift from subsistence to commercial agriculture and thus providing a status of industry to agriculture. There are several investment opportunities in the sector, which include :- provision of infrastructure like cold storage, storage godown, lift irrigation, marketing, etc ; (ii) setting up of agro-based industries for value addition to agricultural produce; (iii) seed production and quality planting material; (iv) agro-service centres; (v) production of organic tea, coffee, ginger, turmeric, cashew, aromatic rice; (vi) export of horticultural produces; (vii) fisheries and fish processing; etc. Priority has been accorded to agriculture extension through application of high-end crop production technologies as well as adoption of integrated nutrient management and pest management practices.

 

GOVERNMENT POLICIES:

The promotion of Agro-based industries is among the priorities of the State Government. Government would consider privatization of Government agricultural farms to act as nuclei for production of high quality seeds for hi-tech, agriculture and dissemination of advanced technology to farmers. Private efforts for development of agriculture, horticulture, plantation crops etc. will generally through contract farming. However, provisions of the Land Reforms Act would be suitably amended to exclude private commercial plantations from the provisions of Land Reforms. Greenhouse horticulture/floriculture would be promoted in private sector. Hi-tech, agritech firms would be also supported in selected areas. Sericulture will get high priority and private sector would be permitted to be involved in this activity. Tissue-Culture and techniques of advanced bio-technology will be promoted in a big way. Special efforts would be made to extensively develop cotton and sugarcane. Separate agencies will be created in the Agriculture A comprehensive programme for development of inland fish culture through advanced techniques of high yielding fish production will be launched. Brackish water and fresh water prawn culture has vast potential in the State. While promoting this sector, care will be taken to regulate this activity to prevent encroachments/pollution/disease spread. Modern hatcheries and feed plants would be promoted and supported. To give the required support to agro and food processing industries, a new corporate body will be set up to promote this sector through equity participation, load and other financial support and escort services. A comprehensive programme for development of Poultry sector will also be launched. Efforts will be made for long term arrangements to meet the raw material requirements of existing forest-based industries. Measures to promote commercial plantations in areas like rubber, coffee and tea will also be adopted.

 

 

Automobile Industry: Project Opportunities in Odisha (Orissa)

 

PROFILE:

The automotive industry in India is one of the largest in the world and one of the fastest growing globally. India's passenger car and commercial vehicle manufacturing industry is the seventh largest in the world, with an annual production of more than 3.7 million units. Automobile Exports registered a growth of 22.30 percent during the current financial year. Automotive industry is the key driver of any growing economy. It plays a pivotal role in country's rapid economic and industrial development. It caters to the requirement of equipment for basic industries like steel, non-ferrous metals, fertilisers, refineries, petrochemicals, shipping, textiles, plastics, glass, rubber, capital equipments, logistics, paper, cement, sugar, etc. It facilitates the improvement in various infrastructure facilities like power, rail and road transport. Due to its deep forward and backward linkages with almost every segment of the economy, the industry has a strong and positive multiplier effect and thus propels progress of a nation. The automotive industry comprises of the automobile and the auto component sectors.

 

RESOURCES:

The State would make every endeavour to attract entrepreneurs specially established industrial houses to the State for setting up Automobile, Automobile components and Auto Ancillary industries of suitable locations. Orissa holds huge investment potential in the automobile sector including the auto component sector. This is because of the inherent advantages of the State in terms of raw material, cost and manpower. The resources available in the State to support automobile manufacturing units include:- Good quality pig iron/steel ingot and aluminium ingot; steel flat products like plates and sheets; steel rounds; several state-of-the-art automobile tyre manufacturing units; adequate supply of power in the State for the power intensive industrial activities; several institutions which are a constant source of educated and skilled human resource; etc. Investment Opportunities in the sector exist in passenger car segment, two wheeler segment and heavy truck segment. The Government is making all efforts to attract investors into the State, through various incentives and schemes.

 

GOVERNMENT POLICIES:

The Orissa state government is considering implementing a dedicated policy to encourage and boost investment in the sector of automotive components manufacturing. The state sees huge potential in the sector owing to the surge of investment and growth in the automobile industry and expects to cash in on it through the policy. According to a state official, the state plans to come up with a policy that will incentivize investment from auto parts manufacturing companies with the aim of creating an auto parts manufacturing hub in the state. In order to do so, the incentives offered in other states will be studied and the draft of the policy will be prepared accordingly after consultations with various prospective investors and stakeholders.

Biotechnology Industry: Project Opportunities in Odisha (Orissa)

 

PROFILE:

The Biotechnology sector in India is one of the fastest growing sectors of the Indian Economy. As the sector is mainly based on knowledge, it is expected that it will play an important part in shaping the Indian Economy, which is developing at a rapid pace. The Indian Biotechnology sector holds immense potential in terms of research and development, skill and cost effectiveness.

 

RESOURCES:

Given the rich bio-resources base, the State offers several opportunities for investment in the sector. This is particularly so, in the areas of tissue culture, herbal products, biofertilizers and biopesticides, as well as aqua-culture. The Government of Orissa has been encouraging investors through provision of infrastructural facilities and other necessary support. The State is advantageously positioned to harness biotechnology applications owing to its rich mineral and bio-resources.  The Chilika lake, Asia’s largest brackish water lake, houses a unique ecosystem comprising aquatic and terrestrial vegetation, migratory and resident birds, fishery resources and terrestrial wild life. It has a long coastline covering 480 km.  The State has a rich floristic wealth with an estimated 2754 plant species. Out of the estimated 1200 orchid species in India, 129 rare species are reported to occur exclusively in Orissa. Forests cover about 30% of the geographical area of the State.

GOVERNMENT POLICIES:

Recognizing the potential, the Government of Orissa has identified biotechnology as a priority area. The biotech policy aims at integrating the existing achievements in research and industry and strengthening and expanding the existing base to maximize the benefits for development of the state through the following:

1. Prioritising the thrust areas for basic and applied research and technology development

2. Promoting innovation in R&D by providing financial and infrastructural support and by encouraging public-private partnership for R&D.

3. Promoting development of the industry by providing quality infrastructure and an enabling environment for sustained growth and international competitiveness.

4. Development of human resources in various areas of biotechnology.

5. Employment generation

6. Capacity building of IPR and biosafety.

7. Providing financial support, and incentives to industry.

 

 

Handicrafts and Handlooms: Project Opportunities in Odisha (Orissa)

PROFILE:

Indian handloom has been the pride of India’s tradition and a representative of its cultural brilliance. In fact, handloom sector has been gaining significance since the ancient times, when it was discovered. The basic meaning of Indian handloom is creating designs by keeping traditions intact. And that’s the reason; this sector has always been in demand. In earlier times, the weavers, embroiders and printers used to do wonders with their skills manually. But, the development in this sector has given birth to various machines that are meant to simplify the tasks. India has a rich history of handicrafts that has evolved over the centuries. The entire wealth of timeless Indian handicrafts has survived through ages. The legacy of Indian culture promises everything- beauty, dignity, form and style. The magnetic appeal of Indian culture resides in its exclusivity, its mystical tone that leaves people amazed at their sight.

RESOURCES:

Handlooms and Handicrafts of Orissa are known the world over. The industry is being assisted by the Government in various ways. It is being provided raw material, marketing and quality up gradation facilities as well as the required financial support. The sector is a source of large scale employment in the State, particularly in the rural areas. All efforts would be made to provide assistance for marketing, quality upgradation, etc. Strong incentives and support would be provided to Khadi and Village Industries sector to provide large scale employment in rural areas. As with many other handicrafts of Orissa, the roots of the applique art/craft form is interwined with the rituals and traditions of Lord Jagannath, the presiding deity of the Puri temple. Horn articles of Orissa are mystical and are blended with a superb fashion design. Their lively appearance, dynamism and animation vie with the real objects of nature - that spells the names of Parlakhemundi and Cuttack. Available in widest spectrum of items like combs, pen stands, cigar pipes, decorative figures - horn articles form a memorable memento for the near and dear ones at home. The traditional crafts like wood and stone carvings, tie and dye weaving textiles, folk and patta paintings, applique, filigree and jewellery work had flourished side by side with royal patronage and ritualistic needs of the temples in the state.

 

GOVERNMENT POLICIES:

For handlooms and handicrafts, the two key organisations under the ministry of textiles are the Office of the Development Commissioner for Handlooms and the Office of the Development Commissioner for Handicrafts. Over the years, AIACA has engaged with the two offices in various capacities over issues such as access to raw material, access to markets and access to credit. More recently, AIACA has been engaging on the issue of protection, preservation and promotion of handloom and handicraft goods through the Geographical Indications status. Due to effective Government intervention through financial assistance and implementation of various developmental and welfare schemes, this sector has been able to withstand the competition from the power loom and mill sectors.

 

 

Tourism: Project Opportunities in Odisha (Orissa)

 

PROFILE:

Tourism in India is the largest service industry, with a contribution of 6.23% to the national GDP and 8.78% of the total employment in India. Tourism has become an important industry in many countries of the world, both in the east and the west. Various initiatives are being taken by the Government and other organizations to promote tourism here. Tourism is one of the fastest growing industries in the world. The number of tourists worldwide has been registering phenomenal growth and it is expected that this number would shortly touch 1.5 billion. Tourism contributes about 11% of the world work force and 10.2% of the global gross domestic products. The dynamic growth of this industry is evident from the fact that a new job is added to this sector every 2.5 second.

RESOURCES:

Orissa offers excellent opportunities in the tourism sector. The Government has recognised the importance of tourism promotion in economic growth and has accordingly, undertaken several measures. These include:-A new logo to re-position and rebrand Orissa as a vibrant tourist destination Tourism fairs and festivals such as 'Sreekhetra Utsav' at Puri, 'Ekamra Utsav' at Bhubaneswar, 'Konark Festival' at Konark, showcasing tourism and cultural potential of the State Participation in travel-trade shows like 'Buddhist festival' , 'Leisure Moscow', 'WTM', 'PATA convention', 'IATO' , 'TTF', etc. The State has several places for tourists attraction, in the form of ancient monuments; beaches; religious places; hot springs; forest and wildlife; etc. The beaches include Gopalpur, Puri, Chandipur, Chandrabhaga, Aryapalli, Astaranga, Balaramgadi, Balighai, Baliharachandi, Beleswar, Paradeep, etc. Atri, Deulajhari, Taptapani and Tarabalo are the hot springs. Major waterfalls in the State are Barehipani, Joranda, Badaghagra, Sanaghagra, Khandadhar, Duduma, Harishankar, Miriglotah, Nrusimhanath, Phurli Jharan and Pradhanpat. Orissa was the first State to declare Hotels as an Industry. In addition to Hotels, other tourism related activities and wayside amenities would be entitled to various incentives as industries under the Industrial Policy. A separate policy on tourism would be formulated and announced shortly.

GOVERNMENT POLICIES:

A tourism policy has also been formulated by the Government for encouraging private investors. Investment opportunities in the sector, existing across a wide spectrum of areas, include:-

·         Accommodation facilities in the form of hotels, motels, spas and resorts, camps and jungle lodges;

·         Transportation services in the form of air, road and rail network, tourist vehicles and taxicabs;

·         Entertainment and leisure centres in the form of amusement Parks, theme Parks, multiplexes; water sports complexes; golf courses, bowling alleys and other sports related facilities;

 

Waste Management: Project Opportunities in Odisha (Orissa)

PROFILE:

Waste utilization, recycling and reuse plays a major role in limiting resource consumption and the environmental impact of waste. Recycling is an integral part of any waste management system as it represents a key utilization alternative to reuse and energy recovery (Waste-to-Energy). Which option is ultimately chosen depends on the quality, purity and the market situation. Hazardous waste management is a new concept for most of the Asian countries including India. The lack of technical and financial resources and the regulatory control for the management of hazardous wastes in the past had led to the unscientific disposal of hazardous wastes in India, which posed serious risks to human, animal and plant life.

 

RESOURCES:

The most common way of treating solid waste in Orissa is land filling. Awareness on Solid Waste management among the people and various Institutions, Government Organisations and non-government Organisations are working on it. In Puri Municipality there exists a mechanized Bio-compost plant for treatment of garbage of 100 TPD capacities. Solid waste from industrial activities is one of the major environmental concerns. About 25 million tons of solid waste is being generated from industrial sectors in the state. It includes fly ash & bottom ash from thermal power plants, chemical slags from Iron 7 Steel plants and red mud from Aluminium industries. Some of the wastes are designated as hazardous because of their composition and hazard potential. About 80000 MT/annum of hazardous waste is being generated in Orissa. In the mining sectors, the major solid waste is the overburden waste.

GOVERNMENT POLICIES:

National policy on waste management is set out in the October 1998 policy statement on waste management - Changing our Ways. It outlines the Government's policy objectives in relation to waste management, and suggests some key issues and considerations that must be addressed to achieve these objectives. The policy is firmly grounded in an internationally recognised hierarchy of options, namely prevention, minimisation, reuse/recycling, and the environmentally sustainable disposal of waste which cannot be prevented or recovered.

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Laminated Tube (Multilayer)

The Multilayer Laminated Tubes (lamitube) made from laminates with aluminium foil barrier combine the excellent barrier advantages of traditional metal tubes & the attractive visual and tactile feel of the plastic tubes. Laminate tubes uses the most modern technology to produce a tube with the industry’s most aesthetic minimal seam, providing maximum space for graphics and brand decoration. Laminate material virtually prevents transfer of light, air and moisture. Montebello also offers a wide variety of graphics and an assortment of sizes and styles. Laminated tubes offer products a competitive edge in the market and are used across the globe for packaging in personal care, food, pharma and industrial applications. The oral care industry by itself contributes to almost 70% of the total production of laminated tubes, while an increasing number of them are being used in the cosmetics sector. An increasing adoption of laminated tubes in oral care, in the form of packaging for toothpastes and mouth wash gels has catapulted the oral care segment by end use to the top position in terms of market share in the global laminated tubes market. The oral care segment will hold more than 45% market value share throughout the duration of the forecast period, witnessing an impressive rise of 120 basis points in market share in 2027 over 2017. The oral care segment is estimated to reach a market valuation of US$ 1,371.3 Mn by the end of 2027, up from US$ 385.9 Mn by 2017 end, registering a CAGR of 13.5% in terms of value during the forecast period. The oral care segment will create an incremental $ opportunity of US$ 985.5 Mn during the period of forecast. The cosmetics and personal care market is surging ahead with superfast growth in the Latin America, APEJ, and MEA regions owing to increasing consumer demand for skin care and hair care products. The cosmetics segment in the Latin America laminated tubes market is estimated to touch a value of US$ 41.6 Mn by the end of 2027, exhibiting a CAGR of 12.2%. While in the APEJ laminated tubes market, the cosmetics segment will reach a market value of US$ 133.1 Mn by the end of 2027, recording a CAGR of 17.4% in terms of value over the forecast period.
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Electrical Lamp

An electric lamp is a conventional light emitting component used in different circuits, mainly for lighting and indicating purposes. The construction of lamp is quite simple, it has one filament surrounding which, a transparent glass made spherical cover is provided. The filament of the lamp is mainly made of tungsten as it has high melting point temperature. The global lamps market is expected to expand at a modest CAGR from 2015 to 2023. It is estimated that lighting consumes a significant portion of energy production. The growing demand from rural areas on account of initiatives taken by governments across regions is expected to boost the global lamps market. The global lamps market is highly fragmented with numerous companies launching their products of varying sizes. Aggressive marketing strategies are used by these players so as to occupy a strong position in the market. The increasing number of players in the market is also intensifying competition. Players in the market are also participating in mergers, collaborations, and partnerships to increase their global presence.
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Copper Foil

Copper foil is a sheet of copper that is usually only a few micrometer in thickness. Copper foils are commonly used as a conductor in printed circuit boards (PCBs) and flexible connectors. Copper has high electric conductivity and is also ductile and malleable. This makes it one of the widely used metals in the emerging electric & electronics industry. This, in turn, is expected to drive the copper foils market in the next few years with a lot of demand estimated from Asia Pacific. Key players in the copper foils market are Targray Technology International Inc., K. L. Laminate’s d.o.o., JX Nippon, China-Kinwa High Technology Co., Ltd., Furukawa Electric Co., Ltd., Kingboard Copper Foil Holdings Limited, Chang Chun Petrochemical Co., Ltd., Hubei Creatwell Co., Ltd., Chinalco Shanghai Copper Co. Ltd., and Oak-Mitsui.
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Lecithin from Sunflower Oil

Lecithin is a generic term to designate any group of yellow-brownish fatty substances occurring in animal and plant tissues, which are amphiphilic – they attract both water and fatty substances (and so are both hydrophilic and lipophilic), and are used for smoothing food textures, dissolving powders (emulsifying), homogenizing liquid mixtures, and repelling sticking materials. They also provide texture to many foods and increase their shelf life. Lecithin has the ability to bind water and fat sources, making it a great additive to many desserts, chocolates, salad dressings, meats, and cooking oils. The global lecithin market is expected to register a CAGR of 5.2% during the forecasted period. Lecithin is used in the food industry for smoothing food textures, dissolving powders, homogenizing liquid mixtures, and repelling sticking materials. The global lecithin market is segmented by source type into - egg, soy, sunflower, and others. Soy comprises the largest category with easy availability and consumers perceiving soy based foods as healthier. Sunflower based lecithin is also gaining popularity with plant and seed based lecithin being the fastest growing segment.
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Thermocouple

Thermocouple is an electrical device consisting of two dissimilar electrical conductors forming electrical junctions at differing temperatures. A thermocouple produces a temperature-dependent voltage as a result of the thermoelectric effect, and this voltage can be interpreted to measure temperature. Thermocouples are a widely used type of temperature sensor. Commercial thermocouples are inexpensive, interchangeable, are supplied with standard connectors, and can measure a wide range of temperatures. A Thermocouple is a sensor used to measure temperature. Thermocouples consist of two wire legs made from different metals. The wires legs are welded together at one end, creating a junction. This junction is where the temperature is measured. When the junction experiences a change in temperature, a voltage is created. The voltage can then be interpreted using thermocouple reference tables to calculate the temperature.
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Turmeric Plantation

Turmeric, known as haldi in Hindi, is a popular and sacred spice from India. It is nicknamed as ‘Indian Solid Gold’ and ‘Indian Saffron’ owing to its golden yellow color. It has profound significance as a condiment, dyeing agent, flavoring agent and even as a medicine. It is an inseparable ingredient in Asian cuisine especially in Indian curry preparations. Owing to the increasing demand of pure, organic food products, turmeric is an important food coloring agent. Turmeric is the dried rhizome of Curcuma longa, an herbaceous plant. The rhizome has 1.8-5.4% curcumin, the pigment and 2.5-7.2% of essential oil. It is used as an important condiment and as a dye with varied applications in drug and cosmetic industries. In India, Andhra Pradesh is the leading state followed by Maharashtra, Tamil Nadu, Orissa, Kerala and Bihar. Turmeric production in India is about 78% of total production in the world. Turmeric can be grown as a monocrop or with other plantation crops as intercrop. Turmeric has been India’s golden spice for the past five centuries. It is one of those few Indian products having both commercials as well as mythological significance. Turmeric is used not only in the culinary item but also as cosmetics in almost every Indian household. Turmeric has been used in Asia for thousands of years and is a major part of Ayurveda, unman, and traditional Chinese medicine. Turmeric market is segmented on the basis of its application and form. In the context of healthcare segment, turmeric has application to combat health issues related to digestion, liver, cancer, cholesterol, osteoarthritis and many other health disorders. Another application of turmeric is in cosmetic industry where it is used as an herbal product in skin and body care products. Further, the market of food type can be segmented in terms of using the turmeric for different purposes such as taste enhancer, ingredients, and coloring purpose and in terms of beverage; it is used in tea, juices, and canned beverages. The global turmeric market is expected to reach a market valuation of a little more than US$ 5,650 Mn by the end of 2027, expanding at a CAGR of 5.5% over the forecast period. 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.
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Polycarbonate (Dry Process)

Polycarbonates (PC) are a group of thermoplastic polymers containing carbonate groups in their chemical structures. Polycarbonates used in engineering are strong, tough materials, and some grades are optically transparent. They are easily worked, molded, and thermoformed. Because of these properties, polycarbonates find many applications. In the plastics industry, polycarbonate sheet is one of the most versatile materials on the market. Used for everything from medical equipment to food processing, polycarbonate has a number of specific benefits that cause them to be a favorite among builders and product manufacturers. Polycarbonate is a transparent thermoplastic with stable dimensions which allow excellent kind of impact resistance. High-performance properties of this plastic polymer make it a leading plastic material for a number of applications. Polycarbonates are high-performing thermoplastics which are highly suitable in building and construction applications. Polycarbonate material possesses properties, such as lightweight, high optical clarity, durability, excellent thermal stability, high-impact and high-heat resistance, high transparency, cold formability, and also possess excellent flammability resistance, making it one of the most used plastic types in construction applications. Polycarbonate accounts for a substantial share of the global plastic materials market and its dominance is likely to increase during the forecast period. This can mainly be attributed to the high growth in demand from major end-use industries such as automotive, electronics, and consumer goods. The wide scope of applications for polycarbonate in various flourishing end-use industries such as medical devices, packaging, and construction is fueling the growth of the market. Asia-Pacific has the highest share in the market, accounting for approximately 59% of the global market share in 2017. An increase in the income of the middle-class population has resulted in an increase in the demand for electronic components and automobiles in Asia-Pacific, in turn, making the region an area of immense potential and opportunities for the polycarbonate market. The Global Polycarbonate Market is expected to register a CAGR of 5.39% during the forecast period (2018-2023). In 2017, Asia-Pacific accounted for the largest market, by region with approximately 59% of the global market share. The electrical & electronics segment dominates the global polycarbonate market with an approximate 46% global market share in 2017, and it is also estimated to register the fastest CAGR through the forecast period. The wide scope of applications for polycarbonate in various flourishing end-use industries such as medical devices, packaging, and construction is fueling the growth of the market. Globally, polycarbonate material is used in a wide range of structural, aesthetic, and safety applications, especially in the automotive industry. This material lends itself to innovation in automotive parts and other internal components such as glazing, front-end body panels, and bumper fascia. Moreover, in the electrical and electronics industry, Flame retardant and better di-electric properties have led to the use of polycarbonate in a vast number of consumer electronics. This is expected to drive the growth of the market during the forecast period. However, volatile raw materials prices are anticipated to limit growth during the forecast period.
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Phthalic Anhydride

Phthalic anhydride is the organic compound with the formula C6H4 (CO) 2O. It is the anhydride of phthalic acid. Phthalic anhydride is a principal commercial form of phthalic acid. It was the first anhydride of a dicarboxylic acid to be used commercially. This colourless solid is an important industrial chemical, especially for the large-scale production of plasticizers for plastics. In 2000, the worldwide production volume was estimated to be about 3 million tonnes per year. Phthalic anhydride (PA) is a white crystalline compound used to manufacture plasticizers, pigments, dyes and resins. One major consumer of PA is the phthalate plasticiser industry, the products of which are used to produce flexible plastic products such as wire & cable applications, hoses, pipes, coated fabrics, roofing membranes and swimming pool liners. The global phthalic anhydride market is expected to witness a CAGR of 4.27% owing to an increase in the utilization of plasticizers, which is used in the production of polyvinyl chloride in the Asia-Pacific region. The growing demand for glass fiber reinforced plastics in various industries is also likely to stimulate the phthalic anhydride market during the forecast period. Asia-Pacific is leading in the consumption of phthalic anhydride and is likely to continue its position due to increasing construction and automotive manufacturing activities in the region. The developing countries in this region will drive the demand for the market as the demand for buildings catering to education, healthcare, and social infrastructure is increasing. Some of the major players operating in the global phthalic anhydride market are BASF SE (Germany), Hongxin Chemical (China), NAN YA PLASTICS CORPORATION (Taiwan), ExxonMobil Corporation (U.S.), AEKYUNG PETROCHEMICAL Co., Ltd (Republic of Korea), I G Petrochemicals Limited (India), Polynt SPA (Italy), Koppers Inc. (U.S.), Mitsubishi Gas Chemicals Co. Inc. (Japan), and UPC Group (Taiwan).
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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D.O.P.(Di-Octylphthalate)

Bis (2-ethylhexyl) phthalate (di-2-ethylhexyl phthalate, diethylhexyl phthalate, DEHP; dioctyl phthalate, DOP) is an organic compound with the formula C6H4 (CO2C8H17)2. DEHP is the most common member of the class of phthalates, which are used as plasticizers. It is the diester of phthalic acid and the branched-chain 2-ethylhexanol. This colorless viscous liquid is soluble in oil, but not in water. Dioctyl Phthalate (DOP) is the most common of the class of plasticizers. It is the diester of phthalic acid and the branched-chain 2-ethylhexanol. It’s a colorless, viscous liquid is soluble in oil, but not in water. The global dioctyl phthalate (DOP) Plasticizer market is anticipated to witness a higher CAGR in the forecast period. Dioctyl Phthalate (DOP) plasticizer market is driven by significant demand from end-use industries coupled with rising demand from consumer goods & film and sheet industry. In addition, rising demand from emerging economies for its cost-effectiveness is likely to fuel the market demand in these regions.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Non Stick Cookwares

Non-stick is the surface which is coated with a synthetic polymer called Polytetrafluoroethylene (PTFE) or with ceramic, anodized aluminum, enameled iron which decreases the ability of other materials to stick to it. The term Teflon coating has become synonymous with Non-stick coating in the market. The growing emphasis on cookware aesthetics and functionality is one of the major trends being witnessed in the global cookware market 2019-2023. The growing customer demand for highly functional and ergonomic cookware products is attributable to the increasing awareness of cookware designs and aesthetics. The global non-stick cookware market witnesses moderate competition. However, in response to the rising demand worldwide, the competition prevailing in the market is likely to intensify further in the coming years. Besides innovating designs and directing efforts to offer more durable products, the market players are experimenting with diverse strategies to emerge at the market’s fore. The global nonstick cookware market is likely to reach US$23.03 bn by the end of 2025. Between 2017 and 2025, the market is forecast to exhibit a CAGR of 4.1%. Regionally, Europe held dominance in the global nonstick cookware market, trailed by Asia pacific. The market for non-stick cookware in India is a fast growing one. The demand is being fuelled by several aspects. Broadly these are increasing health consciousness, a fast-paced lifestyle and need for convenience. The increased purchasing power particularly that of double income households is enabling the adoption of non-stick cookware. Non-stick cookware has also become a symbol of an evolved kitchen. More and more people are opting to use this attractive addition to one’s kitchen. Currently the demand from domestic and export markets for pressure cookers and non-stick cookware growing at 20-25% year-on-year.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
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
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  • 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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