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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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Extraction of Cashew Nut Shell Oil and Cardanol

The Portuguese introduced cashew (Botanical name AnacardiumOccidentale) to India four centuries ago, mostly to reduce soil erosion. The second most popular tree nut in international commerce circles is the cashew, which is followed by the almond. Cardanol is a phenol derived from anacardic acid, which is the major component of cashew nutshell liquid (CNSL), a byproduct of the cashew nut manufacturing process. Cardanol is utilised in resins, coatings, frictional materials, and surfactants used as pigment dispersants in water-based inks in the chemical industry. Cardanol is obtained by distilling CNSL under decreased pressure. The residue will be high in cardanol, which is commonly known as residol and can be utilised to make friction dust for brake linings as well as rubber compounding formulations. The liquid from cashew nuts is used in a variety of polymer-based industries, including paints and varnishes, resins, industrial and ornamental laminates, brake linings, and rubber compounding resins. The cashew apple and its juice have a wide range of medical applications. It is an excellent purgative and an useful cure for survey, cough, and cold. Cashew nut wood is used for fuel and charcoal production. Corrugated and rigid board boxes are made from its wood pulp. The outside skin of the cashew nut is soft and feathery, whereas the inner layer is thin and firm. The honeycomb structure between these skins contains the phenolic compound known as Cashew Nut Shell Liquid, abbreviated as CNSL. The kernel, shell, and testa of the cashew nut are made up of 20 to 25 percent kernel, 60-70 percent cashew nut shell, and 2-5 percent testa on average. The shells can be burned to generate heat for the decorticating processes, and cashew nut shell liquid (CNSL) is an important industry raw material for resin synthesis. Cashew Nut Shell Liquid (CNSL), the liquid contained within the shell casing of the cashew, has a number of industrial applications. Few Indian Major Players 1. Golden Cashew Products Pvt. Ltd. 2. Kerala State Cashew Devp. Corpn. Ltd. 3. Padmavathi Cashews & Coffee Ltd. 4. Pratap Cashew Co. Ltd.
Plant capacity: Cashew Nut Shell Oil 11.0 MT per day Cardanol 5.5 MT per day De-Oiled Cashew Nut Shell Cake (bye Product) 78.0 MT per dayPlant & machinery: 323 Lakhs
Working capital: -T.C.I: Cost of Project: 752 Lakhs
Return: 26.72%Break even: 52.53%
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Lucrative Industry of HDPE Jumbo Bags (Flexible Intermediate Bulk Containers)

Jumbo bags are large bags that are used to pack bulk items of various types. These large bags come in a variety of specifications and grades to meet the needs of our customers and their packaging. The jumbo textiles are constructed of polypropylene materials that are extremely resilient and flexible, making them ideal for a variety of packaging applications. Jumbo bags are large bags that are used to pack bulk items of various types. These large bags are produced in a variety of specifications and grades to meet the needs of our customers and their packaging. Jumbo bags are large bags that are used to pack bulk items of various types. These large bags are produced in a variety of specifications and grades to meet the needs of our customers and their packaging. The jumbo textiles are constructed of polypropylene materials that are extremely resilient and flexible, making them ideal for a variety of packaging applications. • Cost-effective • Very sturdy and flexible • Easy to lift thanks to inbuilt lifting loops • A wide range of sizes are available. • A wide range of filling, discharging, and lifting options • FIBCs are lightweight and portable. These bags may be transported in a very straightforward and simple manner thanks to the large range of Lifting Options offered. • FIBCs are available in a variety of sizes and specifications, and are known for their long life and durability. • FIBCs are the most convenient and cost-effective means to carry and transfer bulk goods for export. By 2023, the global bulk bags market is estimated to be worth USD 4956.7 million, increasing at a 6.80 percent compound annual growth rate (CAGR). To replace wood and cardboard, the market demands reusable, recyclable, and contamination-free packaging solutions. Bulk bag producers are encouraged to create innovative solutions in part by the requirement to prevent damage and contamination to FIBC loads, which customers have expressed as a critical necessity. Few Indian Major Players 1. Ashoka Poly Laminators Ltd. 2. Bardanwala Plastics Pvt. Ltd. 3. Commercial Syn Bags Ltd. 4. Eclat Industries Ltd. 5. Hanson Agro Ltd. 6. Indra Industries Ltd. 7. Jagannath Polymers Pvt. Ltd.
Plant capacity: HDPE Jumbo Bags (FIBCS) 6,666.7 Nos Per DayPlant & machinery: 3465 Lakhs
Working capital: -T.C.I: Cost of Project: 38 Lakhs
Return: 26.27%Break even: 36.20%
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Profitable Business of Xanthan Gum (Food and Oil Drilling Grade)

Xanthan gum is a popular food additive that is used as a thickening or stabiliser in a variety of dishes. When sugar is fermented by a bacteria called Xanthomonascampestris, it produces xanthomonascampestris. When sugar is fermented, a soup or goo-like fluid is produced, which is solidified by adding alcohol. After that, it's dried and ground into a powder. Xanthan gum is a chemical that is utilised in the production of a variety of foods and pharmaceuticals. In these goods, it has various effects. It can thicken things up, keep textures consistent, and keep items in place. Xanthan gum is a polysaccharide that has a variety of industrial applications, including as a food additive. It works as a thickener and stabiliser to keep the ingredients from separating. It's made from several simple sugars through a fermentation process, and it gets its name from the bacteria strain used, Xanthomonascampestris. Xanthan gum thickens commercial egg substitutes derived from egg whites, which are used to replace the fat and emulsifiers contained in egg yolks. Because it does not modify the colour or flavour of foods or beverages at common use levels, it is also a favoured technique of thickening liquids for persons with swallowing problems. It's a widely utilised gum in the food sector for industrial purposes. Its thickening and binding properties make it an excellent food addition for bakery and dairy products. Xanthan gum is a chemical that is utilised in the production of a variety of foods and pharmaceuticals. In these goods, it has various effects. It can thicken things up, keep textures consistent, and keep items in place. The xanthan gum market was valued at over USD 960 million in 2019 and is expected to increase at a CAGR of over 6% between 2020 and 2026. Increasing gluten sensitivity prevalence and quick penetration of healthy snacks in the food and beverage business are expected to enhance product demand. Increased competition in the food and beverage sector, as well as a rapid transition to gluten-free snacks, are expected to boost product demand. Furthermore, shifting consumer ideas of health and nutrition, as well as a growing demand for easily digested solutions, may boost xanthan gum demand.
Plant capacity: Xanthan Gum Food Grade 720.0 Kg. Per Day Xanthan Gum Oil Drilling Grade 340.0 Kg. Per DayPlant & machinery: 120 Lakhs
Working capital: -T.C.I: Cost of Project: 555 Lakhs
Return: 25.27%Break even: 61.77%
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Setup a Plant of Disposable Plastic Syringes with Needles

Disposable Syringes are plastic syringes that are used in the fields of medicine and veterinary medicine. Disposable syringes are rapidly replacing the age-old glass syringes due to their availability in sterilised, ready-to-use, and cost-effective state. The ever-increasing use of this type of syringe demonstrates its importance, which is based primarily on the financial and hygienic benefits it provides. Plastic syringe manufacturing has progressed to the point that the goods now meet the specifications and standards set by hospitals and physicians. At the same time, they provide the finest possible application technique for the physician and the highest level of patient safety. Doctors, as well as research and development staff, utilise disposable syringes to inject drugs intravenously or intramuscularly for the treatment of disorders. Disposable syringes are a type of plastic syringe that is used in the medical and veterinary fields. Disposable syringes are rapidly replacing the age-old glass syringes due to their availability in sterilised, ready-to-use, and cost-effective state. Because of their convenience and inexpensive cost, research laboratories frequently employ medical-grade disposable hypodermic syringes. Another purpose for the needle tip is to add liquids to very small areas, such as when cleaning scientific equipment. When great precision is not required, they are frequently employed for measuring and transporting liquids and reagents. Microliter syringes, which use a small diameter capillary as the syringe barrel, can be used to measure and deliver compounds very precisely. The market for disposable syringes was valued at USD 7.29 billion in 2018 and is predicted to grow at a CAGR of 6.19 percent to USD 11.08 billion by 2025. The Global Disposable Syringes Market is predicted to be driven by the rising incidence of various chronic diseases that need the use of disposable syringes in their treatment. Furthermore, various government organisations subsidise companies that manufacture disposable syringes for the treatment of chronic diseases like diabetes, which account for the majority of the worldwide illness burden.
Plant capacity: Disposable Plastic Syringes with Needles 1 ml Size each Packed in Polypack: 50,000.0 Nos. per day Disposable Plastic Syringes with Needles 3 ml Size each Packed in Polypack: 50,000.0 Nos. per dayPlant & machinery: 524 Lakhs
Working capital: -T.C.I: Cost of Project: 345 Lakhs
Return: 30.78%Break even: 35.60%
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Investment Opportunities in Business of Turkey Red Oil

The oldest textile finishing chemical is Turkey Red Oil, often known as sulphonated castor oil in the trade. Turkey Red Oil is an example of a product created from castor oil. Sulfated Castor Oil is another name for it. This oil is well-liked in the market because of its ability to disperse freely in water, as well as its extended shelf life and purity. Turkey red Oil is a complex blend of pigments, oil varnishes, driers, and frequently waxy or oily substances. Turkey Red Oil is used as a humectant in cosmetics and as an emulsifier in bath oils. It's also utilised as a defoaming agent and an emulsifier in the textile and sugar industries, among other things. • As surfactants and wetting agents in textiles, defoaming agents in paper, emulsifiers in cosmetics, undecylenate in medicines, paints, inks, and lubricants. • This Turkey Red Oil or sulfonated castor oil aids in superfatting liquid soap for the soap-making business that wants to make transparent soaps. • This oil also aids in the emulsification of essential oils, allowing them to dissolve in water-based solutions. • It's the only oil that dissolves fully in water. It's a surfactant, therefore it's a great base for bath oil because it mixes nicely with water and creates a milk bath. • Sulfonated castor oil is also utilised as organic manure in agriculture, in the paper sector for defoaming, and in pharmaceuticals. The global Sulphonated Castor Oil market was worth USD million in 2019 and is predicted to reach USD million by the end of 2026, growing at a CAGR of between 2021 and 2026. Because of the transition in sectors away from petrochemical resources, the worldwide sulfated castor oil market is in a state of flux. The global sulfated castor oil market is being driven by a growing shift in consumer preference for bio-based chemicals, which may be ascribed to fluctuating petrochemical pricing and rising demand for sustainable and bio-degradable plant-based chemical products. Few Indian Major Players 1. Adya Oils & Chemicals Ltd. 2. Biotor Industries Ltd. 3. Ihsedu Agrochem Pvt. Ltd. 4. Jayant Agro-Organics Ltd. 5. Kalyani Refineries Ltd. 6. Mangalam Global Enterprise Ltd. 7. N K Industries Ltd.
Plant capacity: Turkey Red Oil 4,000.0 Kgs Per DayPlant & machinery: 36 Lakhs
Working capital: -T.C.I: Cost of Project: 164 Lakhs
Return: 26.77%Break even: 66.49%
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Investment Opportunities and Strategies in Startup of Oxygen Gas Plant (Industrial and Pharmaceutical Grade).

Chemicals used in industry might be elemental gases, chemical compounds, organic or inorganic. Specialty gases, medical gases, fuel gases, and refrigerant gases are some of the terms used in different industries. The various gases are employed in a range of industries, with the metal, polymer, and food industries being the most common. The different gases' applications are mentioned below. The Glenbrook steel mill uses the majority of the oxygen produced by BOC Gases to oxidise undesirable impurities in the steel. The rest is used in food processing, medical oxygen for respiration, and oxy-acetylene torches. Industrial oxygen is utilized for combustion, oxidation, cutting, and chemical reactions in industrial plants. The purity levels of industrial oxygen are not suitable for human consumption, and contaminants from filthy equipment or industrial storage could make people sick. Medical oxygen is produced with a high level of purity, and the oxygen generation equipment is built to the highest quality requirements. In the air separation, medical oxygen is distilled until it fulfils medical criteria. Ambulances, surgery, and intensive care units all need medical grade oxygen. It is mandatory to have adequate drug licences and follow standard operating processes while producing medical oxygen, which is also listed as a drug on the WHO list of essential medicines. Most living things require oxygen to survive, therefore the importance of oxygen in the area of medicine cannot be overstated. Oxygen is employed in almost every aspect of healthcare, from resuscitation to inhalation therapy. Chronic asthma, cystic fibrosis, pulmonary hypertension, obstructive sleep apnea, heart failure, anaphylaxis, significant trauma, and seizure or hypothermia are just a few of the chronic and acute health disorders for which oxygen treatment is commonly utilised. Oil and gas, petrochemicals, chemicals, power, mining, steelmaking, metals, environmental protection, medicine, pharmaceuticals, biotechnology, food, water, fertilisers, nuclear power, electronics, and aerospace are just a few of the industries that employ industrial oxygen gases. To live, we need to breathe oxygen. However, oxygen has numerous practical use. It may kill microorganisms and is used in welding and wastewater treatment. Carbon monoxide poisoning is treated with oxygen, which also permits divers to breathe underwater. The global industrial gases market was worth USD 92.0 billion in 2020, and it is predicted to increase at a CAGR of 6.0 percent from 2021 to 2028. The expanding manufacturing industry in Asia Pacific's developing economies is primarily responsible for the market's growth. Furthermore, rising industrialization and urbanisation, as well as the increased use of industrial gases in a variety of industries, including healthcare, metals and mining, and food and beverages, are projected to have an impact on market growth in the coming years. Gases produced in significant numbers for use in industrial processes are referred to as industrial gases. These gases are also known as fuel, medicinal, refrigerant, or speciality gases, depending on their application in various industries. The market for medical and pharmaceutical gases and equipment is expected to reach $15.2 billion in 2019, with a CAGR of 6.4 percent from 2020 to 2025. Pharmaceutical and medical gases are fluids designed for use in the medical, pharmaceutical, and biotechnology industries. They're typically utilised to synthesise, sterilise, or insulate human-health-related processes or goods. Major Key Players: 1. Arrow Oxygen Ltd. 2. Bhagawati Oxygen Ltd. 3. Govind Poy Oxygen Ltd. 4. Howrah Gases Ltd. 5. Linde India Ltd. 6. Madhav Industrial Gases Pvt. Ltd. 7. Niket Udyog Ltd. 8. Praxair India Pvt. Ltd.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Lucrative Business of Essential Oil from Lemon Grass. Best Business for New Startup.

Lemongrass essential oil is extracted from the lemongrass plant, which thrives in tropical and subtropical climates. The oil has a citrus fragrance and can be brilliant or light yellow in colour. Lemongrass has long been used in traditional medicine to treat pain, stomach issues, and fevers. Other advantages could come from its antioxidant, anti-inflammatory, and antifungal qualities. Lemongrass is also known as fever grass because of its remarkable capacity to successfully relieve fever and a variety of other diseases. This oil has antifungal, antibacterial, and antioxidant properties, making it a popular choice for those who want perfect skin and strong, healthy hair. The patients used the gel in conjunction with nonsurgical dental therapy to treat gum disease. The outcomes were compared to those of a group that only used nonsurgical dental care. Benefits of Lemongrass Essential Oil: 1. Refreshes The Atmosphere: This oil is known to instantly freshen the atmosphere when sprayed in a diluted form in the environment, working as a natural room freshener or perfume. Toxic components in chemical-based air fresheners could affect us in the long run. 2. Reduces Pain And Muscle Cramps: Citral, found in lemongrass essential oil, is recognised for reducing inflammation-related pain and cramps. This oil is frequently administered to the region of concern for pain alleviation as a home therapy for rheumatoid arthritis. 3. Promotes Skin Health: The oil offers a wide range of skin-beneficial characteristics. Lemongrass oil is recognised for improving overall skin texture by washing and detoxifying the skin and pores, as well as removing excess oil. 4. Skincare: Lemongrass essential oil has anti-inflammatory characteristics, which means it can help with redness, irritation, itching, and swelling. Because of its antibacterial and astringent characteristics, it is frequently used in cosmetics aimed at achieving soft, toned, and luminous skin. Market Outlook: Between 2019 and 2027, the global lemongrass oil market is expected to reach USD 421.13 million, increasing at a CAGR of 6.9%. Growing knowledge of lemongrass oil's health advantages is a crucial aspect driving the global industry forward. Lemongrass oil is in high demand due to the public's growing desire for natural remedies. The rising popularity of aromatherapy and the increasing availability of aromatherapy candles and diffusers are also contributing to the worldwide lemon grass market's rise. Furthermore, rising demand for lemongrass oil in the cosmetics and pharmaceutical industries is expected to propel the market forward in the approaching years. Furthermore, lemongrass oil provides a variety of health benefits that are linked to essential oils, which are expected to increase demand for lemongrass oil in pharmaceutical and medical applications, and the product has no detrimental side effects, which will aid in penetrating the market in the future. Another key market driver is the growing use of culinary dishes in the food and beverage industry. The market for lemongrass essential oil is being driven by an increase in the use of lemongrass essential oil in aromatherapy, as well as increased demand from the pharmaceutical industry due to increased health advantages and increased demand from the food and beverage industry for culinary meals.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Manufacturing Business of Steel Container (Cargo Container)

Every year, the freight container sector produces a large number of intermodal containers. They're utilised all around the world to convey things. Each year, roughly 180 million container cargoes are transported across the oceans by about 5000 container ships. For global trade enterprises to thrive in today's increasingly competitive economic environment, international transportation of containerized commodities is essential. Containers are typically built of steel (for marine containers) or aluminium (for domestic containers), and their structure provides flexibility and hardiness. 1. Refactor Existing Applications to Make Them Container-Friendly: Refactoring is far more time-consuming than lift-and-shift migration, but it allows you to reap the full benefits of a container environment. 2. Create new container-native applications: This method, like refactoring, unlocks the full potential of containers. 3. Improve Microservices Architecture Support: Individual container building parts make it easier to isolate, deploy, and scale distributed applications and microservices. 4. Make Repetitive Jobs and Tasks Deployment Easier: Containers are used to support one or more comparable operations that operate in the background, such as ETL functions or batch jobs. In 2019, the global Shipping Containers Market was valued at US$ 10,350.1 million and 306,324 thousand units, and it is predicted to grow at a CAGR of 5.9% from 2020 to 2027. Containerization's increasing speed, reliability, and safety have driven enterprises to use containers to ship their goods. Containerization is boosted even further by lower long-distance containerized transportation costs paired with trade globalisation. Few Indian Major Players 1. D C M Hyundai Ltd. 2. J K Technosoft Ltd. 3. Techno-Cap Equipments India Pvt. Ltd.
Plant capacity: Cargo Containers (Size 20 Feet) 4.0 Nos Per Day Cargo Containers (Size 40 Feet) 4.0 Nos Per Day Cargo Containers (Size 40 Feet High Cube) 2.0 Nos Per DayPlant & machinery: 2945 Lakhs
Working capital: -T.C.I: Cost of Project: 1364 Lakhs
Return: 26.29%Break even: 45.45%
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Business Ideas for Manufacturing of Steel Shipping Containers (Cargo Container). Profit-Making Production Business of Metal Marine Containers for Entrepreneur and Startup.

An intermodal container, also known as a shipping container, is a big standardised shipping container designed and built for intermodal freight transit, which means it may be used across multiple modes of transportation without having to unload and reload its goods. In the global containerized intermodal freight transport system, intermodal containers are largely utilised to store and carry commodities and products efficiently and safely, but lesser quantities are also employed in localised applications. Simply container, cargo or freight container, ISO container, shipping, sea or ocean container, sea van or (Conex) box, container van, sea can or c can are all names for these containers. The following are just a few of the numerous advantages of steel shipping containers: 1. Corrugated Steel: Corrugated steel can bear varied weight loads in terms of resistance and impact. Steel containers may be stacked on top of one another without buckling under extreme strain because of this. 2. Long-Lasting Durability: The steel shipping container is quite durable in general. These containers, which are made of one of the strongest metals in the building industry, can withstand practically any weight and impact load. 3. Dent and Warp Resistant: Because the steel walls are corrugated, a shipping container can endure a beating from a variety of factors and items. 4. Completely Low-Maintenance: Due to the nature of corrugated steel and its resistance to the elements, steel shipping containers require very little maintenance. 5. Marine-Grade Plywood Flooring: With either marine-grade plywood or bamboo flooring, the inside of a steel container is just as striking. In most cases, this flooring contains trace levels of pesticide. The most significant component of the entire shipping, trade, and transportation industries is container units. These shipping containers are structures that house a variety of items that must be carried from one area to another through container ships of various types. 1. Dry Storage Container: A dry storage container is the most often used shipping container, and it comes in a variety of ISO-standardized dimensions. They are used to convey dry products and available in sizes of 20ft, 40ft, and 10ft. 2. Flat Rack Container: A flat rack container is a simple storage shipping container with foldable sides that can be folded to create a flat rack for shipping a variety of items. 3. Open Top Container: Materials of any height can be transported simply with a convertible top that can be removed completely to produce an open-top. 4. Tunnel Container: Tank storage containers with doors on both ends are ideal for efficiently loading and unloading items. 5. Open Side Storage Container: These storage units include doors that can be converted to fully open sides, giving you even more room to load your materials. 6. Double Doors Container: A sort of storage unit with two doors that allows for extra area for material loading and unloading. Steel, iron, and other 7. construction materials come in standard 20ft and 40ft lengths. 8. Refrigerated ISO Containers: These are temperature-controlled shipping containers that are kept at a low temperature at all times. They are exclusively used to transport perishable items across vast distances, such as fruits and vegetables. 9. Insulated or Thermal Containers: These are shipping storage containers that have a temperature control system and can maintain a steady temperature. The materials are chosen in such a way that they can withstand prolonged exposure to high temperatures for an extended period of time. They're ideal for transporting products over vast distances. 10. Cargo Storage Roll Container: A foldable container is one of the specialised container units designed for transporting sets or stacks of materials. They're comprised of strong, durable wire mesh and have rollers for simple moving. The availability of a range of coloured wire meshes adds a splash of colour to these shipping container modules. As part of the Atmanirbhar Bharat programme, which intends to improve India's exports, the government is looking into mass-producing containers while also creating a shipping line. Shipping products necessitates the use of containers. India is currently fully reliant on the government-owned Shipping Corporation of India. Until date, the majority of exporters have relied solely on Chinese containers. However, as geopolitical outlines shift, exporters have been impacted by a lack of containers, as well as an increase in freight costs. In response to escalating political tensions, India has cut its imports from China. The global container shipping industry is expected to reach US$10.93 billion in 2025, with a compound annual growth rate (CAGR) of 8.49 percent from 2021 to 2025. Market expansion will be fueled by factors such as a growing population, accelerated economic growth, rising demand for shipping containers, increased steel output, and rapid urbanization. However, rising worries about CO2 emissions, expensive shipping costs, and environmental laws are expected to stymie industry expansion. The shipping containers industry is made up of companies (organizations, single traders, and partnerships) that manufacture shipping containers that are strong enough to survive handling. From common cardboard boxes to huge steel boxes used for intermodal shipments, shipping containers come in many shapes and sizes. Included are only commodities and services that are transferred between businesses or sold to end users. The rise of the shipping container sector was aided by an increase in demand for freight transportation via ships. The demand for freight transportation via waterways is increasing due to considerations such as cost-effectiveness and security when compared to other modes of transportation. The shipping container market's expansion is projected to be stifled by the high prices connected with them. Few Major Indian Key Players: • DCM Hyundai Ltd. • J.K. Technologies Pvt. Ltd. • AB Sea Container Private Limited • Techno-cap Equipments India Pvt. Ltd.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Lucrative Business of Magnesium Stearate

Magnesium stearate is a chemical compound made up of magnesium cation and stearate (an anion of stearic acid). Magnesium stearate is a powder that is white and insoluble in water. One of the primary factors driving the worldwide Magnesium Stearate industry is the rapid growth of the pharmaceuticals sector in Asia-Pacific (APAC), as well as the increasing usage of the compound in the personal care sector. In the chemical industry, magnesium stearate is used. The following are some of the most important industries that use stearate: ? Pharmaceuticals ? Cosmetics Industry ? Paints and Varnishes, ? Cement paints ? Manufacture of compound for PVC Pipes ? Rubber Industry ? Soap Industry. Applications: 1. It is used as a binder in pharmaceuticals to bind pills and smooth them out. 2. It is used as a common ingredient or preservative in a variety of foods because it has no known adverse effects. 3. It works well as an emulsifier in syrups, ketchups, and sauces. 4. It is used in confectioneries to bind candy and other items. The global magnesium stearate market was worth $1,492.3 million in 2019, and it is predicted to grow at a CAGR of 5.3 percent over the next five years (2020–2030). One of the primary reasons driving the global magnesium market is the rapid growth of the pharmaceuticals industry in Asia-Pacific (APAC), as well as rising usage of the compound in the personal care sector. The market is expected to rise due to the increasing use of magnesium stearate as an excipient in tablets, capsules, and other medication formulations. The market is growing due to rising health consciousness among people all over the world, as well as rising disposable incomes in nations like China and India. Few Indian Major Players • Micron Chemicals Ltd. • Ritesh International Ltd.
Plant capacity: Magnesium Stearate 10.0 MT Per DayPlant & machinery: 301 Lakhs
Working capital: -T.C.I: 515 Lakhs
Return: 28.00%Break even: 44.00%
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Information
  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.

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