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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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Utensil Cleaning Bar

Utensil-cleaning products are formulations in powder, bar, paste or liquid form, containing a cleansing agent like synthetic detergent, soap, SLS, etc., along with powdered, mildly abrasive materials (optional in case of liquid). These are used primarily for cleaning of utensils and crockery, and secondarily for kitchen shelf and basin or even cooker tops, etc., where cleansing is affected by the combined action of detergency and scrubbing. In utensil cleaning category, dishwashing bars dominate market revenues, followed by liquid cleaners whereas dishwashing paste has negligible contribution. Consumers in urban areas are now upgrading to dishwashing liquids which are expected to register robust growth in the forecast period. Powder based utensil cleaners are now set to diminish from the market. The surface cleaning market is growing mainly because of rising awareness about brands due to heavy promotion by leading companies.
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Superplasticizer

Superplasticizers, also known as high range water reducers, are chemical admixtures used where well-dispersed particle suspension is required. These polymers are used as dispersants to avoid particle segregation (gravel, coarse and fine sands), and to improve the flow characteristics (theology) of suspensions such as in concrete applications. Their addition to concrete or mortar allows the reduction of the water to cement ratio without negatively affecting the workability of the mixture, and enables the production of self-consolidating concrete and high performance concrete. Another benefit of superplasticizers is concrete early strength enhancement (50 to 75%). The initial setting time may be accelerated up to an hour earlier or retarded to be an hour later according to its chemical reaction. The use of superplasticizers does not significantly affect surface tension of water and does not entrain a significant amount of air. The main disadvantage of superplasticizer usage is loss of workability as a result of rapid slump loss and incompatibility of cement and superplasticizers. The global superplasticizer market is expected to register a moderate CAGR during the forecast period (2018-2023). Superplasticizer is a chemical admixture used where well-dispersed particle suspension is required. These polymers are used as a type of dispersants to improve the flow characteristics of suspensions and avoid particle segregation in concrete applications. Asia-Pacific is expected to have the highest CAGR followed by Middle-East & Africa during the forecast period, while North America accounted the largest share of the market in 2017. Superplasticizer market is the widening application scope of concrete superplasticizers. Furthermore, the ongoing research and development projects to enhance the efficiency of the construction industry is expected to bode well for the growth of the global concrete superplasticizer market. Owing to factors such as mounting population and the need for efficient infrastructure to accommodate the rising population, the construction industry has received a shot in the arm. As a result of this, the demand for concrete superplasticizers is anticipated to intensify over the consecutive years.
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Empty Gelatin Capsules

Gelatin capsules, informally called gel caps or gelcaps, are composed of gelatin manufactured from the collagen of animal skin or bone. Capsules offer a viable alternative to tablets as an oral delivery of therapeutic compounds. Empty capsules are oral dosage forms, which based on the type of manufacturing material, come in variety of sizes and colors such as pearl capsules and flavored capsules. There are various types of capsules such as soft gelatin capsules, hard gelatin capsules, sustained release capsules, enteric coated capsules, and rectal capsules. Soft and hard gelatin capsules are widely used empty capsules. Empty capsules are available in five sizes, which includes 00, 0, 1, 2, and 3 and each sized capsule can hold different quantity of active pharmaceutical ingredients. These capsules are differentiated on the basis of the amount of active pharmaceutical ingredient they can hold. For instance, 0 sized capsule can hold up to 500 mg and 3 holds about 200 mg of active pharmaceutical ingredient. Gelatin is widely used in the empty capsules market due to its softness, lack of a notable odor or taste, and stability across a wide temperature range. However, growing opposition to animal-derived gelatin in economically crucial markets such as India, where vegetarianism is the norm, is likely to lead to significant product development in the global empty capsules market in the coming years. The global empty capsules market is projected to reach USD 2.79 billion by 2023 from USD 1.95 billion in 2018, at a CAGR of 7.4%. The growing adoption of capsule formulations among the growing geriatric population, growth of the pharmaceutical market along with the increasing R&D activities & clinical trials, and advancements in capsule delivery technologies are some of the major factors driving the growth of the market. The empty capsules market is a key part of the global pharmaceutical industry and is likely to exhibit steady growth in the coming years due to the rapid proliferation of the pharmaceuticals sector in developing regions. Empty capsules present the perfect way to deliver medication of various kinds, which has imparted them universal utility across the pharmaceuticals industry and the upward trajectory of all aspects of the healthcare sector is likely to remain a vital driver for the market in the coming years. The demand for capsules is growing on account of the mounting consumption of medicines worldwide. This trend augurs well for the global empty capsules market, where growth has thus far been driven by the demand for both nongelatin and hard gelatin capsules. The changing demographics of the world have necessitated the greater production of medicines to treat various kinds of diseases. Capsules, being among the most versatile forms of administering drug doses, are thus expected to be consumed in larger volumes over the next few years.
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Graphite Crucible

The Graphite Crucibles are designed to melt metals such as gold, silver, copper, and aluminum. Graphite crucible can withstand the high temperature, and has good resistance to chemical erosions and thermal shock. Especially graphite crucible is ideal for the melting of aluminum, copper and other metals. The modern crucible is a highly heterogeneous, graphite-based composite material, which relies on its material composition and control of the graphite’s structural alignment to achieve the performance required. Crucibles are used in fuel–fired furnaces, in electric resistance furnaces, in induction furnaces or simply to transfer molten metal. They come with or without pouring spouts and in a wide variety of traditional and specialized shapes.
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Silicone Sealant

Silicone sealant is a liquid form of adhesive. Typically, it looks, feels, and acts like a gel. It has a different chemical make-up from other organic polymer-based adhesives. Unlike other adhesives, silicone keeps its elasticity and stability in both high and low temperatures. Furthermore, silicone sealant is resistant to other chemicals, moisture, and weathering. This makes it less likely to fail when building and repairing objects. Properties such as excellent thermal & weather stability, oxidation & ozone resistance, physiological inertness, high gas permeability and extreme low temperature flexibility favor silicone sealants to cater end-use industries such as construction, automotive and packaging. The increasing number of environmental concerns linked to synthetic sealants and adhesives has pushed the manufacturers to focus more on the bio-based alternatives and the development of these products. Polyurethane and silicone sealants have so far accounted for the top spots in terms of volume consumed. The silicone sealants are consumed for various applications ranging from common bath tub sealing to high end automotive component sealing. Use of silicone sealants in automotive to reduce the vehicle weight by using sealants rather than welding of the various components is anticipated to fuel the market growth. In developing regions the rapid urbanization has resulted in extension and upsurge in construction industries, which ultimately drives the global silicone sealants market. The global silicone sealants market is expected to reach USD 3.50 billion by 2024, according to a new report by Grand View Research, Inc. The product is increasingly substituting various organic sealants and adhesives in construction, insulating glass, automotive, and industrial applications owing to their chemical characteristics including resistance to chemicals and corrosion and physical properties such as water repelling and elongation.
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Hawai Chappal (Footwear)

Hawai chappals are lightweight footwear used by gents, ladies, and children and are used probably by every person in the society of all ages. Nowadays with the advancement of technology slippers are being manufactured in lot many variations including fancy chappals. Global Footwear Market is expected to garner $371.8 billion by 2020, registering a CAGR of 5.5% during the forecast period 2015 - 2020. Footwear industry is growing at a steady pace since the past few years. Analysis of the report includes various types of footwear including athletic and non-athletic shoes used by individuals of all age groups and gender. The rising demand for fancy, trendy yet comfortable footwear among all age groups is a key factor driving the global footwear industry. The global footwear market is segmented by type of footwear, end users of footwear, various platforms for sale of footwear, material used, and their sales across various geographies. Based on footwear type, the global footwear market can be classified as athletic footwear and non-athletic footwear. Athletic footwear includes aerobics shoes, running shoes, sports (cross training), walking shoes, soccer shoes, tennis shoes, cricket footwear, seasonal boots and others. Non-athletic footwear includes boots, casual, formal and rugged, and waterproof footwear. The global footwear market is rising expeditiously as footwear is increasingly becoming a fashion accessory. Not only this, the increasing demand for trendy, yet comfortable footwear among all age groups a key factor driving the global footwear market. With increasing participation in sporting activities and changing lifestyle, there is a massive demand for athletic shoes among non-sportspersons as well. Manufacturers are continuously focused on expanding their product portfolio in order to gain competitive advantage in this market.
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Foam & Its Products (Mattresses, Cushions, Pillow Sheets)

Mattresses Mattresses are usually placed on top of a bed base which may be solid, as in the case of a platform bed, or elastic, such as an upholstered wood and wire box spring or a slatted foundation. Popular in Europe, a divan incorporates both mattress and foundation in a single upholstered, footed unit. Divans have at least one innerspring layer as well as cushioning materials. They may be supplied with a secondary mattress and/or a removable "topper." Mattresses may also be filled with air or water, or a variety of natural fibers, such as in futons. Kapok is a common mattress material in Southeast Asia, and coir in South Asia. The global mattress market was valued at $31,181.5 million in 2017 and is predicted to register a CAGR of 3.8%, during 2018–2023. Rise in purchasing power parity and growing global population are the major drivers for the mattress market. Increasing number of hotels and rooms are expected to drive the growth of mattress. According to World Tourism Organization (UNTWO), international tourism grew by 7% in 2017 and is expected to grow at a rate of 4-5% in 2018. Moreover, increasing tourism is expected to drive the growth of hotels worldwide, which would further support market growth. Based on end use, the mattress market has been classified into commercial users and residential users, out of which, commercial segment accounted for over 50% of revenue share in the global market in 2017. In the commercial segment, hotels are the main end users of mattresses as they change the mattresses more frequently than the residential users. On an average, a residential user changes their mattresses in 9-10 years, while the hotels change mattresses in around 5-6 years. Mattress market is fragmented with regional players having greater dominance in their respective regions. Global players such as Tempur Sealy International Inc, Serta Inc, Sleep Number Corporation, are set to enhance their footprint by expanding the manufacturing facilities, franchises and joint ventures in order to compete with regional players. Cushions A cushion is a soft furry bag of some ornamental material, stuffed with wool, hair, feathers, polyester staple fiber, non-woven material, or even paper torn into fragments. It may be used for sitting or kneeling upon, or to soften the hardness or angularity of a chair or couch. Decorative cushions often have a patterned cover material, and are used as decoration for furniture. The top countries contributing to Outdoor Cushions Industry market include the United States, European countries, Japan, China, India, Korea, Africa, and others. Custom country level and regional level information can be analyzed based on user’s interest.
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Self-Tapping Steel Screws

One of the most important commercial fasteners in use today is the Self-Tapping Screw. Among the earliest “engineered” fasteners, Self-Tapping Screws were made from hardened steel and its use was instrumental to the Industrial Revolution. Still in use today, there are now many types and styles of Self-Tapping Screws made to perform specific fastening jobs. Self-tapping screws have a wide range of tip and thread patterns, and are available with almost any possible screw head design. Common features are the screw thread covering the whole length of the screw from tip to head and a pronounced thread hard enough for the intended substrate, often case-hardened. This item is being used for fastening of two or more sheet metal parts in bus body building, rail coach building & steel furniture, etc. This product is having potential both in domestic and international markets. As the demand of this item is increasing many new units are coming up.
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Submersible Pump & Motor

A submersible pump (or sub pump, electric submersible pump (ESP)) is a device which has a hermetically sealed motor close-coupled to the pump body. The whole assembly is submerged in the fluid to be pumped. The main advantage of this type of pump is that it prevents pump cavitation, a problem associated with a high elevation difference between pump and the fluid surface. Submersible pumps push fluid to the surface as opposed to jet pumps having to pull fluids. Submersibles are more efficient than jet pumps. A submersible pump pushes water to the surface by converting rotary energy into kinetic energy into pressure energy. This is done by the water being pulled into the pump: first in the intake, where the rotation of the impeller pushes the water through the diffuser. Submersible pump is a mechanical device used for transferring various types of fluid in different end use industries and is highly preferred for agricultural and industrial applications. Submersible pump is vertically submerged under the fluid to be transported (such as water etc.) and is driven by electric current, operating on the principle of centrifugal force. Various kinds of submersible pumps are available in the market, serving different purposes. The Global submersible pump market is anticipated to reach USD 12.5 billion in 2023 witnessing a CAGR of 5.5% over the forecast period 2015-2023. Asia-Pacific accounted for the highest percentage share of 42% to the global market in 2014, however the market is estimated to reach USD 2.8 billion by 2016 This can be attributed to various factors such as growing urbanization, rapid growth in industrialization, increasing population and emerging economy of developing nations such as India, China and Japan.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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HDPE Film Sheet

High Density Polyethylene (HDPE) is the high density version of PE plastic and is harder and denser than the LDPE, but is less ductile, and lighter than water. HDPE is well suited for applications where a greater tensile and compression strength is needed. HDPE films and sheets segment is also anticipated to observe lucrative growth rate by 2025. Unique properties of HDPE sheet include abrasion resistance, good electrical properties, low friction coefficient, chemical & corrosion resistance, moisture & odor resistance, and high impact strength. HDPE is widely utilized in food packaging industry and is FDA approved; borated HDPE is used on nuclear facility applications as it offers strong radiation protection. The global plastic films & sheets market is expected to reach USD 157.5 billion by 2025, according to a new report by Grand View Research, Inc. Rise in the global consumption of sustainable textiles has been a major factor driving market growth. Growing demand from application industries and rising prominence of eco-friendly and water soluble films have increased the utilization of plastic films and sheets in the global market.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Information
  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • 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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