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

Food and Agro Processing: Project Opportunities in Punjab

PROFILE:

Food processing involves any type of value addition to agricultural or horticultural produce and also includes processes such as grading, sorting and packaging which enhance shelf life of food products. The food processing industry provides vital linkages and synergies between industry and agriculture. The Food Processing Industry sector in India is one of the largest in terms of production, consumption, export and growth prospects. The government has accorded it a high priority, with a number of fiscal reliefs and incentives, to encourage commercialization and value addition to agricultural produce, for minimizing pre/post harvest wastage, generating employment and export growth. India's food processing sector covers a wide range of products 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:

Punjab is a land of boundless opportunity for agro based industry. Punjab State with only 1.5 per cent geographical area of country produces 22 per cent of wheat; 12 per cent of rice and 12 per cent of cotton in the country. Priority is also being given to sugarcane, oil seeds, horticulture and forestry. The cropping intensity of the State is more than 186% and has earned it a name of food basket and granary of India. Despite rising commodity prices and the financial meltdown, the food processing industry in Punjab is bullish on growth and has lined up new launches. Fruits and vegetables which is grown in Punjab are orange, mango, grape, pear, peach, litchi, lemon, tomato, potato, cabbage, cauliflower, brinjal, and many more. National Productivity Council of India after a survey found that in Punjab availability of crop residue is of the order of 31.5 million tons. The major crop residues are rice straw, wheat straw and cotton stalk. In addition to that industrial residue/by product such as rice husk and bagasse is also available. Approximately 2 million tons of these two products are generated every year.

GOVERNMENT POLICIES:

The Ministry of Food Processing Industries (MOFPI) is a ministry of the Government of India is responsible for formulation and administration of the rules and regulations and laws relating to food processing in India. The ministry was set up in the year 1988, with a view to develop a strong and vibrant food processing industry, to create increased employment in rural sector and enable farmers to reap the benefits of modern technology and to create a of surplus for exports and stimulating demand for processed food.

•        Custom duty rates have been substantially reduced on food processing plant and equipments, as well as on raw materials and intermediates, especially for export production.

•        Wide-ranging fiscal policy changes have been introduced progressively in food processing sector. Excise and Import duty rates have been reduced substantially. Many processed food items are totally exempt from excise duty.

•        Corporate taxes have been reduced and there is a shift towards market related interest rates. There are tax incentives for new manufacturing units for certain years, except for industries like beer, wine, aerated water using flavouring concentrates, confectionery, chocolates etc.

•        Indian currency, rupee, is now fully convertible on current account and convertibility on capital account with unified exchange rate mechanism is foreseen in coming years.

•        Repatriation of profits is freely permitted in many industries except for some, where there is an additional requirement of balancing the dividend payments through export earnings.

 

Automotives: Project Opportunities in Punjab

 

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 sixth largest in the world, with an annual production of more than 3.7 million units in 2010. As of 2010, India is home to 40 million passenger vehicles. More than 3.7 million automotive vehicles were produced in India in 2010 (an increase of 33.9%), making the country the second fastest growing automobile market in the world.

RESOURCES:

The auto-components industry of India is likely to grow rapidly, given its global competitiveness, and this has strong implications for employment and income generation in Punjab. Punjab has an automotive component industry which caters largely to the lower value replacement market. This is partly the result of no significant automotive producer having set up manufacturing base in the state since the economic reforms were launched in India in 1991. The state government must adopt an imaginative plan to attract modern automotive components manufacturers to set up capacity in the state, while at the same time seeking large scale investments in the automotive sector.

GOVERNMENT POLICIES:

·          The auto-components industry of India is likely to grow rapidly, given its global competitiveness, and this has strong implications for employment and income generation in Punjab. Punjab has an automotive component industry which caters largely to the lower value replacement market. This is partly the result of no significant automotive producer having set up manufacturing base in the state since the economic reforms were launched in India in 1991. The state government must adopt an imaginative plan to attract modern automotive components manufacturers to set up capacity in the state, while at the same time seeking large scale investments in the automotive sector.

 

Dairy: Project Opportunities in Punjab

PROFILE:

India is the world's highest milk producer and all set to become the world's largest food factory. Milk production alone involves more than 70 million producers, each raising one or two cows/ buffaloes primarily for milk production. The domesticated water buffalo is one of the gentlest of all farm animals; hence it can be breeded easily. The dairy sector offers a good opportunity to entrepreneurs in India.

RESOURCES:

The primary source of milk and other dairy products in Punjab is the buffalo. The state ranks at the top in the country in the availability of milk after Haryana and Gujarat. Punjab plans 100 dairies to promote dairy farming. In an effort to promote dairy farming in the state, the Government of Punjab is planning to open 100 commercial dairies to increase milk production, thus paving the way for White Revolution.

GOVERNMENT POLICIES:

•        Liberalisation of the economy – dairy sector open for investment by private and foreign players

•        Abolition of the Quantitative

•        Restrictions on import of dairy products

•        Per capita consumption of milk products below international average – scope of increasing consumption

•        Amendment of the Milk and Milk Products Order (MMPO) – no restrictions on capacity installation and expansion

•        Amendment in Cold Storage Act (No licenses needed for establishing refrigerated and cold chain units for dairy products)

 

Biotechnology: Project Opportunities in Punjab

 

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. As per the eight annual survey by the Association of Biotechnology-led enterprise (ABLE) and a monthly journal, Bio-Spectrum, the sector grew threefold in five years and reported a revenue of US$ 3 billion during 2009-2011 with a 17 per cent rise as compared to the previous year.

RESOURCES

Punjab's strong agricultural base presents an opportunity for leveraging it to develop the biotechnology industry in the state. The Government of Punjab has taken significant initiatives to promote biotechnology related R&D in the state.

 Two centres which form the nucleus of the biotech research in the region are the Institute for Microbial Technology (IMTECH) in Chandigarh which takes up research in microbial bio-processing and the Central same. In addition, it is also supporting the Scientific and Industrial organization (CSIO) which has been developing a number of biotech based diagnostic kits.

 The state is developing a biotechnology park in the suburbs of Chandigarh to nurture commercially viable leads through companies. Its facilities will include a biotech incubator for research and development, pilot testing and other validation facilities. The park aims to attract Small and Medium Enterprises (SMEs) to the cluster and contribute to overall R&D in the sector. The Punjab State Council for Science and Technology will act as the single window agency for setting up business in the biotech park.

 

GOVERNMENT POLICIES:

The State Govt. notified its IT-BT Policy in 2003 as part of the Industrial Policy under which special incentives are being given to promote the growth of biotech industry such as:

•        Minimum floor rates of Sales Tax.

•        No restriction on movement of capital equipment. 

•        No octroi on biotech items. 

•        Availability of power at industrial (and not commercial) power tariff.

•        Exemption from Electricity Duty.

•        Uninterrupted power supply.

 

Pharmaceuticals: Project Opportunities in Punjab

PROFILES:

The Pharmaceutical industry in India is the world's third-largest in terms of volume and stands 14th in terms of value. The Indian pharmaceuticals market is expected to reach US$ 55 billion in 2020 from US$ 12.6 billion in 2009. The pharmaceutical industry in India meets around 70% of the country's demand for bulk drugs, drug intermediates, pharmaceutical formulations, chemicals, tablets, capsules, orals and injectibles. There are about 250 large units and about 8000 Small Scale Units, which form the core of the pharmaceutical industry in India (including 5 Central Public Sector Units). These units produce the complete range of pharmaceutical formulations, i.e., medicines ready for consumption by patients and about 350 bulk drugs, i.e., chemicals having therapeutic value and used for production of pharmaceutical formulations.

 

RESOURCES:

Punjab has one of the largest Indian pharmaceutical companies domiciled in the state and has several other companies engaged in the business. There are several colleges for training skilled manpower required for the pharmaceutical industry. The state government must focus on enlarging the pharmaceutical and personal hygiene industrial product space in Punjab.

 

GOVERNMENT POLICIES:

•        Industrial licensing for the manufacture of all drugs and pharmaceuticals has been abolished except for bulk drugs produced by the use of recombinant DNA technology, bulk drugs requiring in-vivo use of nucleic acids, and specific cell/tissue targeted formulations.

•        Reservation of 5 drugs for manufacture by the public sector only was abolished in Feb. 1999, thus opening them up for manufacture by the private sector also.

•        Foreign investment through automatic route was raised from 51% to 74% in March, 2000 and the same has been raised to 100%.

•        Automatic approval for Foreign Technology Agreements is being given in the case of all bulk drugs, their intermediates and formulations except those produced by the use of recombinant DNA technology, for which the procedure prescribed by the Government would be followed.

•        Drugs and pharmaceuticals manufacturing units in the public sector are being allowed to face competition including competition from imports. Wherever possible, these units are being privatized.

•        Extending the facility of weighted deductions of 150% of the expenditure on in-house research and development to cover as eligible expenditure, the expenditure on filing patents, obtaining regulatory approvals and clinical trials besides R&D in biotechnology.

•        Introduction of the Patents (Second Amendment) bill in the Parliament. It, inter-alia, provides for the extension in the life of a patent to 20 years.

 

Textiles: Project Opportunities in Punjab

PROFILES:

India Textile Industry is one of the leading textile industries in the world. India textile industry largely depends upon the textile manufacturing and export. It also plays a major role in the economy of the country. India earns about 27% of its total foreign exchange through textile exports. Further, the textile industry of India also contributes nearly 14% of the total industrial production of the country. It also contributes around 3% to the GDP of the country. India textile industry is also the largest in the country in terms of employment generation. It not only generates jobs in its own industry, but also opens up scopes for the other ancillary sectors. India textile industry currently generates employment to more than 35 million people.

RESOURCES:

Punjab is a major grower of cotton and has a long established industry of cotton spinning and weaving. The Textile Industry is also one of the largest provider of employment and accounts of almost 60% of industrial employment in the State of Punjab. It has been noted that even with high level of mechanisation, the chances of machine replacing human are minimum in the sector due to essential skill requirement. The textiles industry of Punjab already has wool and acrylic fibre base.  To sustain the thrust on textiles, some balance with manmade and blended fibre products will have to be maintained to cater to an expanding market for manmade and blended textiles. It provides employment opportunity to semi literates and lower section of the society where the incident of unemployment is most glaring. Most importantly the Textile Sector is one of the biggest employment providing sectors to women. Hence any boost to Textile Industry will definitely provide and offer opportunity of large number of employment to the youths in the State of Punjab.

GOVERNMENT POLICIES:

The Ministry of Textiles in India has formulated numerous policies and schemes for the development of the textile industry in India. The government of India has been following a policy of promoting and encouraging the handloom sector through a number of programmes. Most of the schematic interventions of the government of India in the ninth and tenth plan period have been through the state agencies and co-operative societies in the handloom industries. Some of the major acts relating to textile industry include: Central Silk Board Act, 1948, The Textiles Committee Act, 1963, The Handlooms Act, 1985, Cotton Control Order, 1986, The Textile Undertakings Act, 1995 Government of India is earnestly trying to provide all the relevant facilities for the textile industry to utilize its full potential and achieve the target. The textile industry is presently experiencing an average annual growth rate of 9-10% and is expected to grow at a rate of 16% in value, which will eventually reach the target of US $ 115 billion by 2012. The clothing and apparel sector are expected to grow at a rate of 21 %t in value terms.

Tourism: Project Opportunities in Punjab

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. The tourism industry in India is substantial and vibrant, and the country is fast becoming a major global destination. India’s travel and tourism industry is one of them most profitable industries in the country, and also credited with contributing a substantial amount of foreign exchange. Indian Tourism offers a potpourri of different cultures, traditions, festivals, and places of interest.

RESOURCES:

Punjab, the land of five rivers and yellow fields, is a favourite tourist destination. It has an integrated cultural history consisting of ancient monuments, religious places, museums and royal palaces like Quila Mubarak. It also has wild life sanctuaries with a rare site of migratory birds. The major places of tourist interest are:- Golden Temple, Durgiana Mandir, Jallianwala bagh in Amritsar; Takhat Sri Kesgarh Sahib and Khalsa Heritage Complex at Anandpur Sahib; Bhakra Dam, Qila Androon and Moti Bagh Palace at Patiala; Wetland at Harike Pattan Sanghol for archaeological importance and Sodal Temple at Jalandhar commemorative Maharishi Balmiki Heritage, etc.

        Tourism in the State is a source of substantial revenues; employment generation; up gradation of human skills; creation of infrastructure, thus helping in the development of all other sectors of an economy. Since tourism is a composite sector, its growth requires participation of private investors at different levels. For this purpose, the State Government has also announced a tourism policy with the aim of developing tourism as a major industry of Punjab, by providing leadership and strategic direction.

GOVERNMENT POLICIES:

In order to develop tourism in India in a systematic manner, position it as a major engine of economic growth and to harness its direct and multiplier effects for employment and poverty eradication in an environmentally sustainable manner, the National Tourism Policy was formulated in the year 2002. Broadly, the Policy attempts to:-

•        Position tourism as a major engine of economic growth;

•        Harness the direct and multiplier effects of tourism for employment generation, economic development and providing impetus to rural tourism;

•        Focus on domestic tourism as a major driver of tourism growth.

•        Position India as a global brand to take advantage of the burgeoning global travel trade and the vast untapped potential of India as a destination;

•        Acknowledges the critical role of private sector with government working as a pro-active facilitator and catalyst;

•        Create and develop integrated tourism circuits based on India’s unique civilization, heritage, and culture in partnership with States, private sector and other agencies; and ensure that the tourist to India gets physically invigorated, mentally rejuvenated, culturally enriched, spiritually elevated and feel India from within.

 

Waste management and recycling: Project Opportunities in Punjab

PROFILE:

Rapid industrialization last few decades have led to the depletion of pollution of precious natural resources in India depletes and pollutes resources continuously. Further the rapid industrial developments have, also, led to the generation of huge quantities of hazardous wastes, which have further aggravated the environmental problems in the country by depleting and polluting natural resources. Therefore, rational and sustainable utilization of natural resources and its protection from toxic releases is vital for sustainable socio-economic development.

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:

In Punjab, growth of population, industrialization and urbanization has resulted in generation of large volumes of solid waste. The total amount of collected solid waste from the districts includes 1108012.25 MT of municipal waste and 6695.57 MT of bio-medical waste (PPCB as cited in Statistical Abstract of Punjab, 2007). The factors contributing to the generation of solid waste are:

•      The state has registered 45% increase in its population during the last decades.

•      The state is the 7th most urbanized state in the country with urban population increasing to 33.95% against a national average of 27.8%.

•      The state has two (Ludhiana & Amritsar) cities with more than 1 million population.

•        The state supports a large number of floating populations from other states like Bihar, Uttar Pradesh, Rajasthan and Andhra Pradesh.

•      Most of the solid waste is presently disposed of on land and remains uncovered resulting in environmental pollution of surrounding area.

•        The change in life style towards consumes and discard culture is responsible for adding to municipal solid waste and changing waste composition. It also adds pressure on the existing municipal solid waste handling infrastructure, as well as, disposal sites.

 

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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Antiseptic Lotion (Dettol Type)

Antiseptic is the chemical substances that are used to kill the pathogenic microorganism in or on the surface tissue. Antiseptics mainly act by dissolving cell membranes, protein denaturation and cause dehydration of the cells due to evaporation. For example, chloroxylenol is a chlorinated phenolic antiseptic mostly active against gram-positive bacteria and used in lubricating cream for vaginal examination; used on obstetrical forceps etc. In the end-user segment, institutional segment dominates the global antiseptic and disinfectant market. Globally, approximately more than 50% of the antiseptic and disinfectant market has been captured by institutional end-user segment. This growth is mainly attributed due to the presence of a large number of hospitals coupled with an increase in the number of medical professionals across the globe. Hospitals and healthcare segment is expected to experience significant growth within the forecast period due to the outbreak of infectious diseases such as swine flu and avian flu which has triggered the use of antiseptics and disinfectants products market in developing countries. Domestic use of antiseptics and disinfectant is also expected to experience significant growth due to increasing public awareness regarding the potential dangers of microbial infection infections. North America is expected to witness moderate growth within the forecast period owing to the saturation of red meat market in U.S and Mexico on antiseptic and disinfectant. This is expected to have an adverse impact on the antiseptic and disinfectant market over the years. However, the demand for antiseptic and disinfectant has been increasing in the past few years owing to the rising awareness of nutritional benefits of antiseptic and disinfectant. Major companies in the U.S. are expanding their vegetable production capacities to cope up with the growing demand for foreign imports in the US market. This is expected to fuel the market growth of antiseptic and disinfectant market. In addition, high literacy rate coupled with the increasing number of health care center and business center are likely to contribute to the growth of antiseptic and disinfectant market.
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Basic Chromium Sulphate

Chromium (III) sulfate usually refers to the inorganic compounds with the formula Cr2 (SO4)3.x (H2O), where x can range from 0 to 18. Additionally, ill-defined but commercially important "basic chromium sulfates" are known. These salts are usually either violet or green solids that are soluble in water. It is commonly used in tanning leather. Chromium (III) Sulfate is an inorganic sulfate with CAS Number of 10101-53-8 and molecular weight of 392.18 g/mol. Chromium Sulfate is famously used as a tanning agent for leather manufacturing. Chromium is an important element that crafts this compound. Its oxidation state ranges from -2 to +6 with +3 is the most common state as it can be found in nature and used as a tanning agent. Chromium is relatively denser than water with specific gravity of 1.77 and can be combined with various non-metals with high electro negativity (oxygen, fluorine, chlorine) and polyatomic anions such as nitrate, sulfate, etc. Most chromium compounds have bright colour
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Flush Doors

A flush door has a basic structure composed of solid blockboard core, vertical stiles, and horizontal rails that create a pre-fixed frame. The blockboard is composed of wooden strips that are placed edge-to-edge and sandwiched between veneers, then bonded under high pressure and temperature using a synthetic resin. So in a simpler term, it is a door that is made of a timber frame covered with ply from both the sides and then the hollow part inside is filled with rectangular blocks of soft wood. Then a decorative finish is given by fixing veneer on the top. A flush door is so called because it has an entirely smooth surface. If water were to be splashed on its surface, it would simply flow off its surface without accumulating. The door is the important element of the house after the roof and window. It provides safety and privacy to the occupant of the house. The door comes in the variety of style, design and patterns. There are different types of doors available in the market i.e. panel door, flush door, revolving door, glass door, etc. Among them, the flush door is one of the most popular doors used in the house. The doors market is estimated to be valued at USD 81.67 Billion in 2017 and is projected to reach USD 103.52 Billion by 2022, at a CAGR of 4.86% from 2017. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.
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Flush Door, Chip Board, Hard Board, Insulating Board

Flush Door A flush door has a basic structure composed of solid blockboard core, vertical stiles, and horizontal rails that create a pre-fixed frame. The blockboard is composed of wooden strips that are placed edge-to-edge and sandwiched between veneers, then bonded under high pressure and temperature using a synthetic resin. So in a simpler term, it is a door that is made of a timber frame covered with ply from both the sides and then the hollow part inside is filled with rectangular blocks of soft wood. Then a decorative finish is given by fixing veneer on the top. A flush door is so called because it has an entirely smooth surface. If water were to be splashed on its surface, it would simply flow off its surface without accumulating. Chip Board Particle board – also known as particleboard, low-density fibreboard (LDF), and chipboard – is an engineered wood product manufactured from wood chips, sawmill shavings, or even sawdust, and a synthetic resin or other suitable binder, which is pressed and extruded. Oriented strand board, also known as flakeboard, waferboard, or chipboard, is similar but uses machined wood flakes offering more strength. All of these are composite materials that belong to the spectrum of fiberboard products. Chipboard can also be used as a scrapbooking embellishment. High-grade chipboard can also be used to create lightweight furniture like tables, stools, benches and bookcases. This type of chipboard is covered in a veneer or laminates to make furniture, which can be less expensive than solid wood. Chipboard, is made from wood chips, sawmill shavings, sawdust, and synthetic resin or other suitable binder, which is pressed and extruded. The factors which have contributed in influencing the market demand are its affordability, ease in installation, and high density and uniformity. In spite of its density, particle board is the lightest type of fibreboard and is less strong than even medium-density fibreboard. Hardboard Hardboard, also called high-density fiberboard, is a type of fiberboard, which is an engineered wood product. It is similar to particle board and medium-density fiberboard, but is denser and much stronger and harder because it is made out of exploded wood fibers that have been highly compressed. Hardboard is a composite wood product used in construction and woodworking. It is typically sold in 4' by 8' (1.2 to 2.4 m) sheets, and can range from 1/4" to 1" (6.35 to 25.4 mm) in thickness. While it is similar in appearance to plywood or particleboard, hardboard is actually constructed quite differently from these products. It is made from fine wood fibers that are compacted under high levels of heat and pressure to form a very dense, hard wooden sheet. Due to the extreme heat and pressure levels, there is usually no need to use adhesives or binding agents to hold the wood fibers together. Insulating Board Insulating board: a board with insulating properties especially : a structural or finish material that consists of sheets of lightly compressed vegetable pulp variously finished and is used especially for its thermal insulating effect resulting from great numbers of minute included air spaces. The global market for thermal insulation is benefitting from government-backed environmental regulations for conservation of energy in buildings. In particular, governments in cold countries are actively promoting zero energy loss buildings that can be attained by means of reliable thermal insulation materials. As per the analysis revealed by the institute for Energy Diversification and Saving (IDEA), thermal insulation improvements can account for up to 30% drop in heat and air conditioning consumption to translate into energy and money savings and reduction in CO2 emissions as well.
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Bulk Drugs

A bulk drug also called active pharmaceutical ingredient (API) is the chemical molecule in a pharmaceutical product (medicines we buy from the chemist) that lends the product the claimed therapeutic effect. In other words, it is the substance responsible for the product being a medicine, penicillin to give one example. As is evident from this, there are ingredients other than the API in products sold as medicines. After years of sluggish growth, Indian bulk drug (API, Active Pharmaceutical Ingredients) industry is expected to recover in 2018-19, driven by solid demand from the formulation industry and strong growth in direct exports on the back of low intermediate chemical prices supported by low crude oil prices. The country’s bulk drug market is 3rd largest in the world in terms of volume and 13th largest in terms of value. India’s bulk drug production has seen a stable growth in the last couple of years in the generic sector and is expected to grow at a healthy CAGR of 7.5% in the forecast period 2017-2022. The global Active Pharmaceutical Ingredient (API) market size was valued at USD 134.2 billion in the year 2015 and is estimated to reach a value of USD 239.8 billion by 2025, growing with CAGR of 6.0 %. The market growth can be linked to the rising prevalence of chronic diseases such as cancer, neurological diseases, and cardiovascular diseases. Increasing demand for rapid-acting & efficient drugs and introduction of innovative drug manufacturing facilities are other key drivers estimated to fuel growth of this market over the forecast period.
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Glass Marble

Marbles are small balls of colored or decorated glass which are either intended for playing the ancient game of marbles or as collector's items. They can be mass produced or hand-made. One ancient method of making colored marbles was to put a mixture of sand and charcoal into an iron mould shaped like a marble and place small pieces from glass canes into this mixture, then heat and rotate the mould to melt and fuse all the edges. Marbles are small, round, spherical objects made from glass or stone and most commonly used in children's games. They are usually less than an inch (2.54 cm) in diameter and often brightly colored or otherwise decorated.
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Synthetic Red Iron Oxide Manufacturing Business

Synthetic Red Iron Oxide Manufacturing Business. Production of Iron Oxide Pigments. Synthetic Iron Oxide Factory Synthetic red iron oxide is the most common colorant in ceramics and has the highest amount of iron. It is available commercially as a soft and very fine powder made by grinding ore material or heat processing ferrous/ferric sulphate or ferric hydroxide. During firing all irons normally decompose and produce similar colors in glazes and clay bodies (although they have differing amounts of Fe metal per gram of powder). Red iron oxide is available in many different shades from a bright light red at a deep red maroon, these are normally designated by a scale from about 120-180 (this number designation should be on the bags from the manufacturer, darker colors are higher numbers), however in ceramics these different grades should all fire to a similar temperature since they have the same amount iron. The different raw colors are a product of the degree of grinding. Synthetic Iron Oxides have become increasingly important due to their pure hue, consistent properties, and tinting strength. Single-component forms are mainly produced with red, yellow, orange and black colours. Their composition corresponds to that of minerals hematite, goethite, lepidocrocite, and magnetite. Brown pigments usually consist of mixtures of red and/or yellow and/or black iron oxides. Uses of Synthetic Iron Oxide Pigments These pigments are used in wood and paper stains, linoleum, oilcloth, paints, mortar, plaster, bricks, rubber and for other pigment able substances. The range of applications of synthetic Iron Oxide Pigments is longer than the Natural Iron Oxide Pigments. Synthetic Iron Oxide are used in the following types of industry: • Cement industry, to Colour every kind of cement, mortar, grout, pavements, tiles, blocks, etc. • Paintings: primer, waterproof, enamels, decoration painting, coverings, etc. • Plastics: master batch, PVC, etc. • Paper industry: carton, mouthpiece for cigarettes, etc. • Glass industry, abrasives, food for animals, cosmetics, skins rubber, asphalt, etc. Market Outlook Today, there is a lot of varieties of Synthetic Iron Oxide Pigments are available in the market. These synthetic pigments are found in different colors, having superior uniformity, excellent quality and high purity. But, in reality, the Natural Iron Oxide Dyes are preferred over their counterparts. This is because of theirs ample availability and low cost of extraction. Iron oxide pigments improve the physical and mechanical properties of substrates. They offer properties such as good color strength, heat & light stability, opacity, weather & chemical resistance, and durability to substrates. Iron oxide pigments provides colors to varieties of end user applications and are employed in numerous industries around the globe to provide permanent and stable coloring effects to the substrates. Pigments are also known as colorants, which are insoluble products that can be employed to impart colors to construction materials, paints, inks, plastics, papers, cosmetics, rubbers, concrete blocks, tiles, etc. Pigment molecules contain electrons that can occupy different energy levels when exposed to light. Pigments possess the ability to reflect or absorb light of specific wavelengths. This results in the appearance of colors. Iron oxide pigments can be sub-divided into synthetic and natural iron oxide pigments. Synthetic iron oxide pigments are made from petrochemicals and waste metal ore slurry. Synthetic iron oxide pigments are cheap as compared to organic iron oxide pigments owing to low cost of raw material as well as synthetic iron oxide pigments have good dispersibility, high tinting strength, UV stability, excellent color intensity, and non-toxic properties. Natural iron oxide pigments are costly as compared with its synthetic counterpart owing to high cost of raw material. Natural iron oxide pigments are more durable and have excellent tinting strength as compared with synthetic pigments. Most of the natural iron oxide pigments are employed in paints & coatings and other automotive applications. Consumption of synthetic iron oxide pigments is much higher as compared with natural iron oxide pigments owing to low cost and high flexibility in varieties of applications in concretes, mortar, render, paving stones, tiles, laminate flooring, cosmetics, rubber, corrosion paints, industrial paints, architectural paints, and plastic materials. Growing construction activities, recovering economy in developed countries, and expanding infrastructure programs in combination with growing urbanization in developing economies, are the prime factors responsible for the growing consumption of iron oxide pigments around the globe. Iron oxide pigments can be sub-divided into synthetic and natural iron oxide pigments. Synthetic iron oxide pigments are made from petrochemicals and waste metal ore slurry. Synthetic iron oxide pigments are cheap as compared to organic iron oxide pigments owing to low cost of raw material as well as synthetic iron oxide pigments have good dispersibility, high tinting strength, UV stability, excellent color intensity, and non-toxic properties. Natural iron oxide pigments are costly as compared with its synthetic counterpart owing to high cost of raw material. Natural iron oxide pigments are more durable and have excellent tinting strength as compared with synthetic pigments. Red color iron oxide pigments are consumed in majority followed by yellow and black pigments. These are the basic color pigments and are used in combinations to produce other colors. The most commonly used methods of manufacturing iron oxide pigments includes the Laux process. Growing construction industry in Asia Pacific and the Middle East are anticipated to drive market growth over the next eight years. Favorable government regulations regarding environmentally friendly products coupled with technological advancements are expected to have a positive impact on market growth. Iron oxide pigments in Asia Pacific shows huge growth potential due to the rising expectation of consumers. Moreover, demand for blend iron ore pigments is increasing at a higher rate globally. Construction is the largest end-use Industry. The improving economic conditions are driving the construction industry, which in turn is fueling the growth of iron oxide pigments market. Asia Pacific and Europe are the key market which together contribute more than half of the iron oxide pigments market. Among end users, the coatings segment is expected to grow at the highest CAGR during the forecast period. High demand of iron oxide pigments across varied applications, such as interior and exterior coatings, industrial coatings, protective coatings, wood coatings, automotive coatings, architectural coatings, and appliances coating, is expected to drive the consumption of iron oxide pigments in this segment. Few Indian Major Players are as under: • Coltech Chemicals (India) Ltd. • Heubach Toyo Colour Pvt. Ltd. • Lona Industries Ltd. • Mallak Oilchem Pvt. Ltd. • Anirox Pigments Ltd. • Aquathane Chemicals Pvt. Ltd. • Asahi Songwon Colors Ltd. Tags Synthetic Red Iron Oxide, Iron Oxide Pigments, Synthetic Iron Oxide, Preparation of Red Iron Oxide, Production of an Iron Oxide Pigment, Making of Iron Oxide Pigment, Synthetic Iron Oxide Production Process, Synthetic Iron Oxide Uses, Iron Oxide Pigment Manufacturing Process, Synthetic Iron Oxide Pigments Manufacture, Manufacturing of Iron Oxide, Iron Oxide Pigments Manufacturing Process, Manufacturing of Synthetic Red Iron Oxide Pigments, Iron Oxide Synthetic, Synthetic Iron Oxide Production Process, Manufacturing Industry for Synthetic Iron Oxide, Synthetic Iron Oxide Manufacture, Synthetic Iron Oxide Manufacturing, Iron Oxide Factory, Iron Oxides Manufacture, Preparation of Iron Oxide, Synthetic Iron Oxide Production Process PPT, Red Iron Oxide Manufacture, Synthetic Iron Oxide Manufacture in India, Iron Oxide Pigments Manufacturing Process, Project Report on Synthetic Red Iron Oxide manufacturing Industry, Detailed Project Report on Synthetic Iron Oxide Production, Project Report on Synthetic Iron Oxide Production, Pre-Investment Feasibility Study on Synthetic Red Iron Oxide manufacturing, Techno-Economic feasibility study on Synthetic Iron Oxide Production, Feasibility report on Synthetic Red Iron Oxide manufacturing, Free Project Profile on Synthetic Iron Oxide Production, Project profile on Synthetic Red Iron Oxide manufacturing, Download free project profile on Iron Oxide Production
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Open End Spinning Unit

Open-end spinning is a technology for creating yarn without using a spindle. It is also known as break spinning or rotor spinning. The principle behind open-end spinning is similar to that of a clothes dryer spinning full of sheets. Open end spinning is also known as break spinning or free fibre spinning. In this process the fibrous material is highly drafted to separate out the individual fibres. The individual fibres are subsequently collected onto the open end of the yarn. This is rotated to twist the fibre into the yarn structure to form a continuous strand of yarn. This is wound onto a bobbin to form the yarn package. The twisting action occurs simultaneously with but separately from the winding action, unlike ring spinning where twisting and winding actions occur together. Advantages of Open end spinning System: • lower power consumption per unit quantity of yarn produced • higher speed of twist insertion resulting in very high yarn delivery speed • a significant resulting increase in productivity • larger delivered package size • elimination of some processes such as roving and winding • more uniform yarns
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Return: 1.00%Break even: N/A
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Microcrystalline Wax from Sludge of Petrochemical Refinery

Microcrystalline waxes are a type of wax produced by de-oiling petrolatum, as part of the petroleum refining process. In contrast to the more familiar paraffin wax which contains mostly unbranched alkanes, microcrystalline wax contains a higher percentage of isoparaffinic (branched) hydrocarbons and naphthenic hydrocarbons. It is characterized by the fineness of its crystals in contrast to the larger crystal of paraffin wax. It consists of high molecular weight saturated aliphatic hydrocarbons. It is generally darker, more viscous, denser, tackier and more elastic than paraffin waxes, and has a higher molecular weight and melting point. The elastic and adhesive characteristics of microcrystalline waxes are related to the non-straight chain components which they contain. Typical microcrystalline wax crystal structure is small and thin, making them more flexible than paraffin wax. It is commonly used in cosmetic formulations. Increasing demand for the decorative, scented, designer candles, packaging and cosmetics use, growing percent of tires and rubber related products contributes to the growth of microcrystalline wax. Moreover, the increasing inclination towards the natural waxes, highly preferable wax properties such as elasticity, melting point, and flexibility favor the growth of microcrystalline wax. The cosmetic industry is a rapidly growing market facilitating the growth of the microcrystalline wax market as people are more conscious and concern about their looks and appearances. The macroeconomic factors such as growing trend for the scented and designer candles, per capita income and increasing spending power ratio facilitate the market to gain traction in the forecast period. The estimated value of the microcrystalline wax market in 2018 is US$ 810.4 Mn, which is expected to expand at a CAGR of 3.9% and reach US$ 1,102.3 Mn by the end of 2026. In addition, the microcrystalline wax market is projected to create an incremental $ opportunity worth US$ 291.9 Mn during the forecast period.
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Automobile Parts

The Indian auto-components industry has experienced healthy growth over the last few years. Some of the factors attributable to this include: a buoyant end-user market, improved consumer sentiment and return of adequate liquidity in the financial system. The auto-component industry of India has expanded by 14.3 per cent because of strong growth in the after-market sales to reach at a level of Rs 2.92 lakh crore (US$ 43.55 billion) in FY 2016-17. The industry is further expected to grow to US$ 47-49 billion in FY18. The auto-components industry accounts for 2.3 per cent of India’s Gross Domestic Product (GDP) and employs as many as 1.5 million people directly and indirectly each. A stable government framework, increased purchasing power, large domestic market, and an ever increasing development in infrastructure have made India a favourable destination for investment. The Indian auto-components industry can be broadly classified into the organised and unorganised sectors. The organised sector caters to the Original Equipment Manufacturers (OEMs) and consists of high-value precision instruments while the unorganised sector comprises low-valued products and caters mostly to the aftermarket category. The total value of India’s automotive exports stood at Rs 73,128 crore (US$ 10.9 billion) in 2016-17 as compared Rs 70,916 crore ($10.8 billion) in the year 2015-16. This has been driven by strong growth in the domestic market and increasing globalisation (including exports) of several Indian suppliers. Auto-component exports from India are expected to grow 7-9 per cent in FY18, backed by stronger global growth and higher exports to emerging nations. Growth is further expected to accelerate to 8-10 per cent in FY19 due to pick up in global scenario.
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