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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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Blood Collection Tubes (Vacutainer)

A vacutainer blood collection tube is a sterile glass or plastic test tube with a colored rubber stopper creating a vacuum seal inside of the tube, facilitating the drawing of a predetermined volume of liquid. Vacationer tubes may contain additives designed to stabilize and preserve the specimen prior to analytical testing. Tubes are available with a safety-engineered stopper, with a variety of labeling options and draw volumes. The color of the top indicates the additives in the vial. A vacuum blood collection tube is a sterile glass or plastic test tube that uses a stopper to create a vacuum seal inside the tube and enable the depiction of a predetermined volume of liquid. The vacuum blood collection tube prevents needle stick damage by preventing needles from coming in human contact and thus, contamination. The vacuum blood collection tube contains a double pointed needle, attached to a plastic tubular adapter. Double pointed needles are available in many gauge sizes. The length of the needle ranges from 1 to 11/2 inches. Vacuum blood collection tubes may contain additional constituents which are used to preserve blood for treatment in a medical laboratory. These additives are in the form of films applied using an ultrasonic nozzle. The additives contained in the vacuum blood collection tube are anticoagulants, such as EDTA, sodium citrate, heparin or gel. A vacuum blood collection tube is mostly used by clinics and laboratories for storing blood for future testing. Vacuum blood collection tubes have a substitute which can preserve blood for an extended period for testing processes. Vacuum blood collection tubes are available in different types of sizes and specimens. Blood Collection Tubes Market size is estimated to reach $2.81bn by 2025, growing at a CAGR of 7.1% during the forecast period 2020-2025. Blood plays an important role in the diagnosis and treatment of many diseases. The blood processing includes the collection, storing and managing the blood after collected from the donor. The blood collection tubes which are also known as vacutainers are made of either plastic or glass, these tubes are sterilized and have a safety-engineered stopper with different labeling options with the volume on it and color of the caps indicates the additives in the tube. The increase in usage of blood samples in the diagnosis and requirement of blood components in the treatment of many diseases is driving the market for blood collection tubes during the forecast period 2020-2025. The COVID-19 pandemic has encouraged major market players to focus on the development of new innovative products for blood glucose monitoring. For instance, in May 2020, Dario Health Corp. announced that the FDA has approved the use of self-test blood glucose meters by hospitalized patients with diabetes. This was intended to limit the exposure to the COVID-19 virus by self-checking of blood glucose levels by hospitalized patients and providing information to healthcare personnel. Entrepreneurs who invest in this project will be successful. Few Indian major players are as under Becton Dickinson India Pvt. Ltd. Hindustan Syringes & Medical Devices Ltd Kriya Medical Technologies Pvt. Ltd. Narang Medical Ltd. Poly Medicure Ltd.
Plant capacity: Blood Collection Tubes (Vacutainer) 13x100 with EDTA: 96,000 Nos / Day Blood Collection Tubes (Vacutainer) 13x75 Plain : 96,000 Nos / DayPlant & machinery: Rs 464 lakhs
Working capital: -T.C.I: Cost of Project: Rs 1105 lakhs
Return: 29.00%Break even: 53.00%
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IV Set

Intravenous therapy delivers liquid substances directly to the veins. Intravenous route is the fastest way to deliver medications or fluid replacement substances into the body via veins. IV administration sets are accessories required to deliver fluids to patients to treat various conditions such as dehydration, electrolyte imbalance, and other conditions requiring specialized Parenteral drug therapies. The rate of delivery of liquid can be adjusted with a roller clamp of an IV administration set. Primary IV administration set is either a macro-drip solution administration set that delivers 10, 15, 20 gtts/ml, or micro-drip set which delivers small amount of fluid over longer period of time. Micro-drip tubing’s are used primarily in neonatal or pediatric care. Components of a primary IV administration set are back check valve, access port, roller clamp, and secondary IV tubing. A secondary IV administration set does not contain access port or back check valve. It is shorter in length than a primary IV administration set. Rise in demand for IV administration sets due to increase in number of patients hospitalized for various treatments, surge in incidence of chronic diseases, and rise in adoption of advanced treatment options are anticipated to boost the growth of the global IV administration sets market. However, increase in incidence of medication errors, product recalls, and stringent regulatory requirements are the factors restraining the market. The total India infusion therapy market is growing at a rate of 5.7%, which will take the 2017 market value of $387.8 million up to $572.6 million by 2024. Intravenous therapy delivers liquid substances directly to the veins. Intravenous route is the fastest way to deliver medications or fluid replacement substances into the body via veins. IV administration sets are accessories required to deliver fluids to patients to treat various conditions such as dehydration, electrolyte imbalance, and other conditions requiring specialized Parenteral drug therapies. The rate of delivery of liquid can be adjusted with a roller clamp of an IV administration set. Primary IV administration set is either a macro-drip solution administration set that delivers 10, 15, 20 gtts/ml, or micro-drip set which delivers small amount of fluid over longer period of time. Micro-drip tubing’s are used primarily in neonatal or pediatric care. Components of a primary IV administration set are back check valve, access port, roller clamp, and secondary IV tubing. A secondary IV administration set does not contain access port or back check valve. It is shorter in length than a primary IV administration set. Rise in demand for IV administration sets due to increase in number of patients hospitalized for various treatments, surge in incidence of chronic diseases, and rise in adoption of advanced treatment options are anticipated to boost the growth of the global IV administration sets market. However, increase in incidence of medication errors, product recalls, and stringent regulatory requirements are the factors restraining the market. Few Indian major players are as under Angi Plast Pvt. Ltd. Axiom Medisurg Ltd. La Medical Devices Ltd. Smiths Medical India Pvt. Ltd Sangam Health Care Products Ltd
Plant capacity: I.V. Set: 140,000 Sets / DayPlant & machinery: Rs 904 lakhs
Working capital: -T.C.I: Cost of Project: Rs 1430 lakhs
Return: 27.00%Break even: 49.00%
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FREEZE DRIED FRUITS & VEGETABLES (Dry Banana, Mango, Custurd Apple, Beetroot, Sapota, Dragon Fruit, Jamun and Green Peas)

Freeze-drying, technically known as Lyophilization, is a process of sublimation where water molecules in a solid phase are directly converted to vapor phase. Since Lyophilization is the most complex and expensive form of dehydration, its use is usually restricted to delicate and heat-sensitive high value materials. Freeze drying is a relatively recent method of preserving food. It involves freezing the food, then removing almost all the moisture in a vacuum chamber, and finally sealing the food in an airtight container. Freeze dried foods can be easily transported at normal temperatures, stored for a long period of time, and consumed with a minimum of preparation. Once prepared, freeze-dried foods have much the same look and taste as the original natural products. Freeze-dried food has many advantages. Because as much as 98% of the water content has been removed, the food is extremely lightweight, which significantly reduces the cost of shipping. This also makes it popular with boaters and hikers who have to carry their food with them. Because it requires no refrigeration, shipping and storage costs are even further reduced. Global Freeze Dried Fruits and Vegetables Market is expected to surpass USD 60 billion by 2025. Increasing popularity of packaged food will be a major factor behind the freeze dried fruits and vegetables market growth. The product is extensively used in preparing many packaged food items such as soups, juices, ready-to-eat meals, etc. The advantages of the product over fresh fruits and vegetables will augment the industry growth in the forecast years. Freeze drying is considered as the best drying process for packaging food and beverage products as it maintains the structural integrity and preserves the flavor. Freeze dried fruits & vegetables have better aroma, rehydration, and bioactivity when compared to products dried using other alternative techniques. Other advantages include better shelf-life, higher amount of retention of nutrients, color & texture and easy rehydration capability. These factors, coupled with developments in drying technology, will propel the global market growth in the forecast years. Thus, due to demand it is best to invest in this project. Few Indian major players are as under Accelerated Freeze Drying Co. Ltd. Agro Dutch Inds. Ltd. Amalgam Foods & Beverages Ltd. [Merged] Gujarat Dehyd Foods Ltd. Himalaya Food Intl. Ltd. Kohinoor Foods Ltd.
Plant capacity: Freeze Dried Raw Banana : 19 Kgs / Day Freeze Dried Mango: 19 Kgs / Day Freeze Dried Custurd Apple: 19 Kgs / Day Freeze Dried Beetroot: 19 Kgs / Day Freeze Dried Sapot: 18.5 Kgs / Day Freeze Dried Dragon Fruit: 18.5 Kgs / Day Freeze Plant & machinery: Rs 95 lakhs
Working capital: -T.C.I: Cost of Project: Rs 199 lakhs
Return: 24.00%Break even: 60.00%
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GI Metal Sheet Products • Octagonal • Square • Rectangle Poles

Utility poles are commonly used to carry two types of electric power lines: distribution lines (or "feeders") and sub transmission lines. Distribution lines carry power from local substations to customers. They generally carry voltages from 4.6 to 33 kilovolts (kV) for distances up to 30 miles, and include transformers to step the voltage down from the primary voltage to the lower secondary voltage used by the customer. A service drop carries this lower voltage to the customer's premises. Global electricity transmission poles market was valued at US$6.386 billion in 2019 and is expected to grow at a CAGR of 6.83% over the forecast period to reach a total market size of US$9.495 billion in 2025. Electricity poles, also called power poles, support wires and electric cables that carry electricity from power companies to end users. Materials that are used in the production of electricity transmission poles include wood, steel, and composite. The choice of material depends on its use which determines the life span of the electricity transmission pole. Electricity transmission poles are used to support and carry electrical lines, distribution lines, and sub-transmission lines. Rising number of factories across various industries is also a factor that is contributing to the growth of global electricity transmission poles market. Growing urban infrastructural development in developing economies has boosted the construction of residential as well as commercial buildings which is also driving the demand for electricity transmission poles, thus positively impacting the growth of the global electricity transmission poles market. Demand for energy has been increasing rapidly across globe. Rise in urbanization and demand for electricity to suffice growing population has increased significantly. Steel is considered as a green material. It is increasingly being used to replace replacing aging wood electric utility distribution poles. Steel utility pole is a column or post used to support overhead power lines and various other public utilities such as electrical cables, fiber optic cables, and related equipment such as transformers and street lights. As a whole any entrepreneur can venture in this project without risk and earn profit. Few Indian major players are as under Chetna Steel Tubes Pvt. Ltd. Electro Poles Products Pvt. Ltd. Jindal (India) Ltd. Utkal Galvanizers Ltd. Utkarsh India Ltd.
Plant capacity: GI Octagonal Poles, 6 Meter with base Plate,Foundation Bolts:107.5 Nos./Day GI Square Poles,6Meter,4"x4"with base Plate,Foundation Bolts:38.3Nos./Day GI Rectangle Poles,6Meter,4"x6"with base Plate,Foundation Bolts:39.3Nos/Day MS Scrap by Product:3.3MT/DayPlant & machinery: Rs 600 lakhs
Working capital: -T.C.I: Cost of Project: Rs 1966 lakhs
Return: 28.00%Break even: 43.00%
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Steel Billets and TMT Steel Bars (Rebar) from Scrap Metal

Most of the steel generally in civil and allied work used is the plain carbon and mild steel and the largest portion of carbon steels used, has tensile strengths not greater than 36 to 40 t/in2. The carbon content in the steel predominantly governs the steel properties. 0.40% carbon steel is of great importance due to its being economical to meet general requirement and having reasonably high strength and other properties, like yield point, elongation and reduction percentages etc. Steel products in the forms of strip coils, sheets, plates, wires, rods, bars & sections are mostly used in industrial products. Earlier wires and rods were manufactured by reducing ingots/billets/bars in steel mills by heating and rolling of the stock. But, the modern advancements of technologies have given continuous casting of rods as an economical method. Steel scraps of melting grades are taken as the raw material. Either Electric Arc Furnaces (EAF) or Electric Induction Melting furnaces are commonly used for melting for a pollution-free operation. The long steel market size is estimated to be USD 527.0 billion in 2020 and projected to reach USD 636.7 billion by 2025, at a CAGR of 3.9% from 2020 to 2025. Increasing construction and infrastructure activities, rising population levels, and industrialization are the major factors responsible for the growth of the long steel market. However, the recent outbreak of Covid-19 is expected to have a severe impact on the long steel market. TMT steel bars refer to thermo mechanically treated bars. TMT steel bars are steel bars with enhanced strength and highly ductile and malleable in nature. They are widely used for earthquake resistant buildings and bridge construction projects. Companies operating in the global TMT steel bar market are adopting strategies such as mergers, acquisitions, and new product launches that maximize their market share. The rising global construction industry boosts the growth of the TMT steel bar market. Infrastructural development across the globe drives the growth of the TMT steel bar market. Various advantages of TMT steel bars over tensional bars contribute to the growth of the TMT steel bar market. The expansion of modern architecture propels the growth of the TMT steel bar market. Furthermore, the growing demand for low-cost reinforcement bars stimulates the growth of the TMT steel bar market. On the flip side, technical constraints with respect to higher grade TMT bars hinder the growth of the TMT steel bar market. Moreover, technological innovations in the construction industry create novel opportunities for the growth of the TMT steel bar market. This facilitates the development of new technologies and ensures a high quality product.
Plant capacity: Steel Billets (Size 100mm x 100mm to 180mm x 180 mm Sections of Max. 6 meter length): 333.3 MT / Day TMT Steel Bars (Rebar) Size DB 8 to 40 mm : 333.3 MT / DayPlant & machinery: Rs 8427 lakhs
Working capital: -T.C.I: Cost of Project: Rs 16747 lakhs
Return: 29.00%Break even: 47.00%
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Bamboo Toothbrush

The toothbrush is an oral hygiene instrument used to clean the teeth, gums, and tongue. It consists of a head of tightly clustered bristle, atop of which toothpaste can be applied, mounted on a handle which facilitates the cleaning of hard-to-reach areas of the mouth. They are usually used alongside floss. They are available with different bristle textures, sizes, and forms. Most dentists recommend using a soft toothbrush since hard-bristled toothbrushes can damage tooth enamel and irritate the gums. Because many common and effective ingredients in toothpaste are harmful if swallowed in large doses and instead should be spat out, the act of brushing teeth is most often done at a sink within the kitchen or bathroom, where the brush may be rinsed off afterwards to remove any debris remaining and then dried to reduce conditions ideal for germ growth (and, if it is a wooden toothbrush, mold as well). The organic bamboo toothbrush comprises a natural bamboo handle and fine bristles that make for clean teeth and a healthy mouth. You can be sure there’s no chemical coming in contact with your mouth, and the best part? It’s 100% biodegradable. The Global Bamboo Toothbrush Market is expected to register a CAGR of 7% to reach USD842.1 million by 2024. Bamboo toothbrushes are an eco-friendly alternative to plastic toothbrushes. Bamboo has several characteristics that make it an ideal substitute for plastic. It is cost-effective, has anti-microbial properties, can be grown in a wide variety of landscapes, and is easy to manipulate to make objects. Bamboo toothbrushes naturally ward off microbial growth and can be discarded without causing any harm to the environment. With a large number of anti-plastic policies and stringent regulations implemented by various countries for the eco-friendly alternatives for plastic goods are expected to increase awareness among consumers over the next few years. Plastic toothbrushes produced around the world directly go to landfills and a very small part is recycled, which creates plastic pollution. These factors are anticipated to promote the application of bamboo toothbrush as alternatives among the buyers over the next few years. Entrepreneurs who invest in this project will be successful.
Plant capacity: Bamboo Toothbrush: 3,000 Pcs / DayPlant & machinery: Rs 54 lakhs
Working capital: -T.C.I: Cost of Project : Rs 183 lakhs
Return: 25.00%Break even: 54.00%
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Polylactic Acid (PLA)

Poly-lactic acid (PLA) is a rigid thermoplastic polymer that can be semi-crystalline or totally amorphous, depending on the stereo-purity of the polymer backbone. L()-lactic acid (2-hydroxy prop ionic acid) is the natural and most common form of the acid, but D(L)-lactic acid can also be produced by microorganisms or through racemization and this “impurity” acts much like co monomers in other polymers such as polyethylene terephthalate (PET) or polyethylene (PE). In PET, diethylene glycol or isophthalic acid is copolymerized into the backbone at low levels (1–10%) to control the rate of crystallization. In the same way, D-lactic acid units are incorporated into L-PLA to optimize the crystallization kinetics for specific fabrication processes and applications. PLA is a unique polymer that in many ways behaves like PET, but also performs a lot like polypropylene (PP), a polyolefin. Ultimately it may be the polymer with the broadest range of applications because of its ability to be stress crystallized, thermally crystallized, impact modified, filled, copolymerized, and processed in most polymer processing equipment. It can be formed into transparent films, fibers, or injection molded into blow moldable performs for bottles, like PET. PLA also has excellent organoleptic characteristics and is excellent for food contact and related packaging applications. In spite of this unique combination of characteristics, the commercial viability has historically been limited by high production costs. Until now PLA has enjoyed little success in replacing petroleum based plastics in commodity applications, with most initial uses limited to biomedical applications such as sutures. The global polylactic acid (PLA) market was valued around US$ 2.23 Bn in 2017 and is anticipated to expand at a stable CAGR above 20.5% during the forecast period 2018 to 2026. According to the “Polylactic Acid (PLA) Market-Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018-2026”. Growing application in the cosmetics and personal care industry, ongoing advancements in science and technology, increasing consumer awareness and government incentives are some of the fundamental factors that are driving the global polylactic acid (PLA) market growth globally. The demand for polylactic acid products are increasing in the personal or skin care industry as the product improves skin lightening effects, accelerates cell renewal and exfoliation and enhances the collagen & elastic synthesis. Rapid invention of innovative products with focus on formulation improvement for a particular consumer group is anticipated to fuel the market growth. Moreover, the growing demand for fermented foods such as canned vegetables, yogurt, and butter is escalating the demand for lactic acid products. Entrepreneurs who invest in this project will be successful. Few Indian major players are as under Astra Specialty Compounds India Pvt. Ltd B A S F India Ltd. Crest Composites & Plastics Pvt. Ltd. Malladi Specialities Ltd. Neelam Aqua & Speciality Chem Pvt. Ltd. Network Polymers Pvt. Ltd.
Plant capacity: Polylactic Acid (PLA): 100 Ton / DayPlant & machinery: Rs 23945 lakhs
Working capital: -T.C.I: Cost of Project: Rs 30838 lakhs
Return: 26.00%Break even: 32.00%
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Sodium Percarbonate

Sodium Percarbonate is a chemical substance with formula Na2H3CO6. It is an adduct of sodium carbonate and hydrogen peroxide whose formula is more properly written as 2 Na2CO3 • 3 H2O2. It is a colorless, crystalline, hygroscopic and water-soluble solid. It is sometimes abbreviated as SPC. It contains 32.5% by weight of hydrogen peroxide. Sodium Percarbonate is a chemical, an adduct of sodium carbonate and hydrogen peroxide (a per hydrate), with formula 2Na2CO3 • 3H2O2. It is a colourless, crystalline, hygroscopic and water-soluble solid. It is used in some eco-friendly cleaning products and as a laboratory source of anhydrous hydrogen peroxide. This product contains the carbonate anion, and should not be confused with sodium peroxocarbonate Na2CO4 or peroxodicarbonate Na2C2O6, which contain different anions. The product is used in some eco-friendly bleaches and other cleaning products, and as a laboratory source of anhydrous hydrogen peroxide. Sodium Percarbonate is also used as a cleaning agent by many home brewers. Sodium Percarbonate can be used in organic synthesis as a convenient source of anhydrous H2O2, in particular in solvents that cannot dissolve the carbonate but can leach the H2O2 out of it. A method for generating trifluoroperacetic acid in situ for use in Baeyer–Villiger oxidations from sodium Percarbonate and trifluoroacetic anhydride has been reported; it provides a convenient and cheap approach to this reagent without the need to obtain highly concentrated hydrogen peroxide. Sodium carbonate peroxyhydrate is a coated and stabilized sodium Percarbonate that serves as a powerful oxygen bleaching agent for cleaning, whitening, stain removal, hygiene, disinfection, water softening and product compaction. Percarbonate comes in a powder form and is one of the most effective stain removers and disinfectants ? outperforming liquid alternatives ? especially when used in synergy with a bleach activator or catalyst. Some of the market factors and trends identified in the Global Sodium Percarbonate Market include growth of papermaking sector, increasing demand for Sodium Percarbonate based products, and favorable government regulations. Increasing population, coupled with rising per capita disposable income is expected to propel the growth of the market over the forecast period. Sodium Percarbonate is widely used as a bleaching agent in textile industry. Growing purchasing power coupled with increasing demand for latest fashionable clothing is expected to fuel the growth of the market during the review period, 2016-2023. However, rising consumer awareness regarding the toxicity level associated with these is expected to hinder market growth over the forecast period. With the aforementioned reasons, this market is estimated to reach USD 1981.2 million by 2023 with a CAGR of 8.24% during the assessment period. Overall, the sodium Percarbonate market is expected to show moderate growth in terms of value during the forecast period, while growth in volume is expected to be low. Investments by companies to increase penetration, increasing demand for cleaning products and disinfectants, are expected to drive the expansion of the sodium percarbonate market size over the coming years. Thus, due to demand it is best to invest in this project.
Plant capacity: Sodium Percarbonate: 10 MT / DayPlant & machinery: Rs 46 lakhs
Working capital: -T.C.I: Cost of Project: Rs 295 lakhs
Return: 27.00%Break even: 57.00%
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Edible Oil Refinery from Crude Palm Oil

Palm Nuts are an irresistible, nutritious and sweet tasting natural food. They provide good levels of Vitamin E (which enhances the immune system) and magnesium (which aids in nutrient delivery). Palm Nuts should be stored frozen. The palm kernel is the edible seed of the oil palm fruit. The fruit yields two distinct oils: palm oil derived from the outer parts of the fruit, and palm kernel oil derived from the kernel. Palm kernel cake is most commonly produced by economical screw press, less frequently via more expensive solvent extraction. Palm kernel cake is a high-fibre, medium-grade protein feed best suited to ruminants. Among other similar fodders, palm kernel cake is ranked a little higher than copra cake and cocoa pod husk, but lower than fish meal and groundnut cake, especially in its protein value. Composed of 16% fiber, palm kernel cake also has a high phosphorus-to-calcium ratio and contains such essential elements as magnesium, iron and zinc. The typical ration formulated for the feeding of dairy cattle consists of palm kernel cake (50%), molasses (5%), grass/hay (42%), limestone (1.5%), mineral premix (1%) and salt (0.5%) and trace element/vitamin premix. India is one of the major producers and consumers of vegetable oils. India accounts for 12-15% of the area under oilseeds and 6-7% of the production of vegetable oil in the world. Despite annual production of about 27.00million tonnes of oilseeds in the country, the availability of edible oil is insufficient to meet the domestic demand. The gap in demand and supply of edible oil is met through imports. Palm oil market size in India was valued at USD 5.16 billion in 2015.India palm oil market size is anticipated to reach USD 13.1 billion by 2025, at a CAGR of 15.4%. Increasing demand for edible oils owing to the burgeoning population and improving economic conditions is anticipated to remain the key growth driving factor over the forecast period. The industry in India presents massive potential for growth since the government has allowed 100% FDI in plantation and has also pledged huge financial aid to farmers in upcoming years. This development is likely to encourage domestic cultivation landscape and generate greater profit margins and opportunities for companies. The Indian edible oil industry is highly fragmented owing to the presence of a large number of organized as well as local and unorganized players. The country is also world’s third-largest consumer and largest importer from Malaysia and Indonesia. Government’s initiatives towards the installation of advanced plant machinery and automation are expected to foster sustainable production in the near future. This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under 3 F Industries Ltd. Adani Wilmar Ltd. Budge Budge Refineries Ltd. Bunge India Pvt. Ltd. Cargill India Pvt. Ltd. Edible Products (India) Ltd. Gokul Agro Resources Ltd.
Plant capacity: Edible Refined Oil from Crude Palm Oil : 200 MT / DayPlant & machinery: Rs 2709 lakhs
Working capital: -T.C.I: Cost of Project: Rs 8322 lakhs
Return: 28.00%Break even: 49.00%
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Automated Vehicle Scrapping and Recycling Unit

Automated Vehicle Scrapping and Recycling Unit What is Auto Shredding? The scrapping of cars and large household equipment is a method where the components fed into it are grinded to fist-size bits by a hammer mill. A combination of ferrous material, non-ferrous metal (e.g. copper and aluminium alloys), and shredding scrap, called vehicle shredder remnants of automotive shredder residue, resulted in the shredding of vehicles (ASR). ASR is made up of glass, fabric, rubber, liquids for vehicles, plastics, and soil. Often ASR is divided into dust and shredder in small proportion. These leftover materials are considered 'Car-fluff' occasionally. Related Projects: - Waste Management and Recycling At such a time when different economies run solely on recycled car scrap, India, the’s greatest economy, has consumed an excessive amount of time to enter the market. Not only is scrap production a big-buck making industry from car recycling, but it also coincides with the additional advantage of being environmentally sustainable by getting the old polluting cars off the roads. Nevertheless, it has become evident, despite the odd regulation, that India is firmly interested in making attempts to mitigate air pollution and preserve the environment. Related Books:- Products From Waste, Automobile, Leisure, Entertainment, Ware Housing & Real Estate Projects, Greases, Hospitality, Medical, Infrastructure, Lubricants, Petro Chemicals, Petroleum, Waste Management, Recycling Scrap Import in India Overview At 60.6 kg per capita, India's demand for steel is increasing, relative to over 400 kg per capita in developing countries. The need for steel is key to various urban/rural infrastructure projects implemented by the government and private sectors. The Indian steel sector contributes 50 percent of the share of secondary steel. As ferrous scrap is one of the major raw materials for secondary steel production units, India's steel scrap demand is around 16-18 mnt pa. Of this necessity, it imports around 1/3rd of the content. In India, scrap imports have seen a gradual rise in the last few years India's FY16 scrap supply stood at 6.2 mnt, a rise of 12.7% from 5.5 mnt of material imported in FY15. With the Make in India project eyeing 300 mnt steel capacity, raw material requirements are likely to expand. The inclusion of indigenous scrap from auto-shredding would place Indian producers in a position of benefit, considering the existing demand for scrap in India. In recent times, India witnessed its 18th bulk scrap shipments in 2016. The demand for raw materials is increasing gradually. Scrap Metal Recycling Business Possibility: Waste metals consist of many metals, with the exception of precious metals, such as iron, steel, copper, brass, aluminium, alloy, nickel, bronze, and many more. After multiple applications, such as in processing factories that produce utensils, frames, and various items utilizing these metals, these materials are left untouched as waste. Such metal waste arrives in big quantities and is very beneficial. Compared to some other recycling firm, what allows the metal recycling industry so much in popularity is the returns it provides. Related Books:- Waste Management, Waste Disposal And Recycling Industry You need to consider what you're going to recycle before you begin the business. To know precisely what is like to be in this market, it is therefore important to perform a viability study test. There are several benefits and drawbacks of this business, certain problems, and problems that fall in between that one wants to get an understanding about. Here's a short, thorough business strategy for metal recycling. What is needed to start the Business of Recycling? • Recycling plant: You need to have a factory which you build your recycling plant after deciding what kind of metal you are going to recycle and at what level. Consequently, since you recycle metal, you require an open area that is fairly large to construct the recycling facility, stock scrap metal, tools, machinery, and finished goods. Recycling metal is called a heavy industry task, so you must have a space-like warehouse. Projects: - Project Reports & Profiles • Infrastructure: To help your business, you ought to provide some decent infrastructure A locked area where the computers are going to work. The location in which you are going to bring your recycled products, the area where you are going to separate metals, disinfect them, and so on. You will need a vented room that suits a typical factory layout. Build the infrastructure for security concerns to the requirements of a factory. • Metal Scrap: Join forces with scrap pickers, scrap dealers, landowners, and their likes to have the sum of metal scrap needed. Test it with independent scrap laborers as they can supply you with the scrap at a very low rate relative to a regular scrap dealer. If the need is immense, you should approach wholesalers selling metal waste. • Equipment: You must have all the requisite recycling equipment, such as tanks, compressors, grinders, refiners, heating tools, etc. It would be safer if you got the new equipment since the modern equipment will be extremely efficient, and not traditional. Books:- BOOKS & DATABASES • Machinery Required: You ought to get the recycling system that is needed. There is usually no particular disposal machine for metal fragments since it is performed in separate phases. For instance, a separation machine, cleaner, melting machine, grinding machine, container forming, cooling field, etc. are needed. • Man Power: You do need human energy to function in your factory while being surrounded by so many robots. First, you ought to employ a specialist to guide your recycling venture since he would be well acquainted with the recycling work. You need any labor besides him, depending on the necessity. You will need to provide them with previous scrap metal plant experience. • Utilities: You require simple infrastructure like power link, water supply, transit system to convey recycled materials, better highways, plant at a required and chosen spot, and so on, much like every other plant. There could be other requirements that you might just have to look into in a scrap metal business cantered on the location wherever you want to operate your business. Market Research: - Market Research Report • Documents and permission: You are going to begin a company for metal recycling that can be further used by producers. You therefore ought to get licenses from various agencies. First of all, you ought to have a document for a metal recycling facility where you must even state which kind of material you are trying to reuse. Private Company Involvement Although MSTC's change is a positive step, it might not be a smart option to route every scrap supply into MSTC solely. Private sector engagement must be promoted. A combination of competition-based private and public sector employees would be more effective. Related Videos: - Business Ideas for Startups In the end, the automotive recycling industry in India portrays a tremendous opportunity for scrap production in the face of all the commitments and challenges. The use of scrap in steelmaking would lead to the steel cycle economy. India, as a developing world wants long-term opportunities to plug into such renewable, productive industries. India's Auto Shredding Kick Start-MSTC and Mahindra Intertrade JV In the freshly drafted MoU, MSTC Limited, a Mini Ratna Category-I PSU underneath the administrative jurisdiction of the Ministry of Steel, the Government of India, and Mahindra Intertrade Limited (MIL), combined forces to established India's first auto shredding factory. Related Videos:- Small Business Ideas The plant would be the first in the world to construct such auto shredding units in the series. In the Make in India initiative, India's foraying into the car shredding market is also a generation ahead. Can car recycling in India, become the next US, Europe, or China? The US, Europe, and China are the world's biggest and most mature auto-recycling industries. From as far back as the 1970s, as in the situation of the US, these nations have been destroying old cars. It is very well known that these are industries focused on waste and the justification for this is auto recycling. In the US, vehicle recycling dates back to the 1970s, while in the 2000s, Europe and Japan started recycling, followed by China in 2012. In developing countries, the overall industry value of car scraping is about 30+ million vehicles, producing about 27 million tonnes of waste. Vehicle Recycling Scope in India As India is the world's third-largest steelmaker, there is a tremendous opportunity for auto-recycling. India's car recycling will bring various advantages to the nation, ranging from a drive to fuel-saving and job growth in the automotive field. 25 percent (7 million vehicles) of the estimated cars that may originally be scrapped are projected to produce roughly USD 2.9 billion (analogous to ~INR 190 billion) in business. Such statistics are expected to rise with time. A car weights 1,400-1,600 kg on average. It contains 65-70% steel scrap, 7-8% aluminium scrap, 1-1.5% copper scrap and 15-20% rubber and plastic scrap upon recycle. A recycled car will earn approximately INR 30.000-35.000 at existing scrap rates (USD 380-455). It has the capacity to produce about 6 million tonnes (mnt) of waste, ~150,000 mt of copper scrap, ~0.8 mnt of aluminum scrap, and ~1.8 mnt of plastic and rubber scrap, considering 20-25% of vehicles are discarded in the first year. It is predicted that statistics will rise in the years ahead. Car Recycling Market Prospects In both the automobile and steel sectors, the car recycling market is a large sector with a strong market for End of Life Vehicles (ELV). The CEO of the Association of Automotive Recyclers (ARA), Michael E. Wilson, claims that both the prospects and the value of the automotive recycling market are increasing rapidly. These days, there are different opportunities for junk vehicle owners to sell their junk cars for money. On Craigslist, eBay and even directly to scrap yards and vehicle dealers, they will market their scrap vehicles. Scrap yards and car dealers bid at the very same time for EOL vehicles sold on Craigslist, eBay, or directly from holders of scrap cars. Businesses ought to guarantee that they are fitted with the newest equipment in the industry and meet ARA-specified requirements for auto reuse activities Voluntary scrapping of old cars is proposed by Union Budget 2021-22 It is focused on health tests for personal vehicles over 20 years and for commercial vehicles over 15 years. For the automotive industry that has been waiting for a 'Scrappage Scheme' for the past decade, this is a welcome change. Constructing every industry from zero is a challenging job, and before actually achieving profitability, it must forehead different obstacles. For every country, when an initiative of this size is hired to work, the position of its people is vital. Whereas the government can take this step to grow the business, the people of the country who want to make deliberate attempts to protect and preserve the ecosystem by giving up their old vehicles are still a major part of the obligation. Union Minister Nitin Gadkari said the strategy would contribute to approximately 10,000 crores of new investment and generate as many as 50,000 jobs. It is projected that such cars cause 10-12 times greater emissions than the new vehicles. Highlighting the policy's advantages, Gadkari said it would lead to scrap metal recycling, better protection, reduced air pollution, lower oil imports due to higher fuel consumption of existing vehicles, and encourage investment. Recycled content from old cars would further lower costs, adding that the turnover of the automotive sector, which is Rs. 4.5 lakh crore with exports of Rs. 1.45 lakh crore, will have a lift. Bottom Line The scrapping strategy would improve car purchases in the country as a fresh one will certainly be purchased by the one scrapping the vehicle. All in all, the Scrappage Program aims to help incorporate Rs 10,000 crore worth of fresh investment and generate 50,000 new employment options. The Scrappage Program would improve car purchases in the nation as a fresh one will definitely be purchased by the one scrapping the vehicle. Overall, with the green flagging off the “Scrappage Policy”, the business is likely to hike up in the coming days and the business investment is not going to let anyone down. Voluntary car scrapping scheme to drive out old and obsolete cars, not only helping to curb emissions, but also reducing the fuel import bills of India. All in, the Scrappage Program aims to help incorporate Rs 10,000 crore worth of fresh expenditure and add 50,000 new work prospects. NPCS is best known for providing a project report for its clients. All the project report covers detailed aspects of the business from analysing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. You can get in touch with the NPCS team through the official website and get benefited from the books and project reports provided by us. Tags:- #AutomatedVehicleScrappingandRecycling #RecyclingUnit #AutomatedVehicle #AutomatedVehicleRecycling #WasteManagement #EwasteManagement #WasteManagementIndustry #WasteRecyclingBusiness #WasteManagementMarket #RecyclingUnitBusiness #AutomatedVehicleScrapping #InvestInStartups #StartupIndiaConsultants #Plan4Business #StartupPlan #StartupIdea #DetailedProjectReport #businessconsultant #BusinessPlan #feasibilityReport #NPCS #industrialproject #entrepreneurindia #startupbusiness #IndustrialWasteManagement
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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