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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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Automobile Paints for Car

Automotive paint is paint used on automobiles for both protection and decoration purposes. Water-based acrylic polyurethane enamel paint is currently the most widely used paint for reasons including reducing paint's environmental impact. Modern automobile paint is applied in several layers, with a total thickness of around 100 µm (0.1mm). Automotive paint, one of the most vital parts of automobile, is applied on automobiles to preserve them from corrosion and oxidation. They are used extensively for painting exterior and interior of automobiles and serve a dual purpose of decoration as well as protection. The different products that fall under automotive paints are electro coats, powder coats, basecoat and clear coat. Availability of various choices of color is boosting the automotive paints market. The global automotive paint market is projected to witness an above-average growth over the next couple of years. Demand for automotive paints is growing due to constant improvements in their property and functionality. Today, automotive paints are not only used for beautification of the vehicles but also to enhance surface durability. Automotive paint market is segmented on the basis of vehicle type, coat type, texture type, technology and geography. The vehicle type segment comprises of light commercial vehicles, heavy commercial vehicles and passenger cars. On the basis of coat types, the market is further classified as base coat, clear coat, primer coat and electro coat.
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Fluorine Chemical (Hydrofluoric Acid)

Fluorine is a chemical element with symbol F and atomic number 9. It is the lightest halogen and exists as a highly toxic pale yellow diatomic gas at standard conditions. As the most electronegative element, it is extremely reactive, as it reacts with almost all other elements, except for helium and neon. Fluorine is an univalent poisonous gaseous halogen, it is pale yellow-green and it is the most chemically reactive and electronegative of all the elements. Fluorine readily forms compounds with most other elements, even with the noble gases krypton, xenon and radon. It is so reactive that glass, metals, and even water, as well as other substances, burn with a bright flame in a jet of fluorine gas.
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Hydroxylamine Sulphate

Hydroxylammonium sulfate (NH3OH) 2SO4, is the sulfuric acid salt of hydroxylamine. It is primarily used as an easily handled form of hydroxylamine, which is explosive when pure. Hydroxylammonium sulfate is used in organic synthesis to convert aldehydes and ketones to oximes, carboxylic acids and their derivatives (e.g. esters) to hydroxamic acids, isocyanates to N-hydroxyureas and nitriles to amidoximes. Hydroxylammonium sulfate is also used to generate hydroxylamine-O-sulfonic acid from oleum or chlorosulfuric acid. Hydroxylammonium sulfate is used in the production of anti-skinning agents, pharmaceuticals, rubber, textiles, plastics and detergents. It is a radical scavenger that terminates radical polymerization reactions and serves as an antioxidant in natural rubber. (NH3OH) 2SO4 is a starting material for some insecticides, herbicides and growth regulators. It is used in photography as a stabiliser for colour developers and as an additive in photographic emulsions in colour film.
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Polyvinyl Acetate

Polyvinyl acetate is a substance produced through the combining of many units of monomeric vinyl acetate (CH3COOCH=CH2). The number of units so combined is typically between 100 and 5,000. Polyvinyl acetate includes all homopolymers and copolymers where the vinyl acetate content is at least 50%. About 80% of total consumption is used in wood, construction and paper adhesives, and architectural coatings. Most of the remaining polymers are used in paper and textile coatings. Polyvinyl acetate is a rubber synthetic polymer, or plastic. It belongs to polyvinyl ester family and is categorized as a thermoplastic, meaning it melts at high temperatures and is elastic and flexible at room temperature. Polyvinyl acetate is a vinyl polymer and is prepared by polymerization of vinyl acetate monomer.
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Lamp Shades and Chandeliers

Lamp Shades A lampshade is a fixture that covers the light bulb on a lamp to diffuse the light it emits. Lampshades can be made out of a wide variety of materials like paper, glass, or stone. Usually conical or cylindrical in shape, lampshades can be found on floor, desk, tabletop, or suspended lamps. The term can also apply to the glass hung under many designs of ceiling lamp. Beyond its practical purpose, significant emphasis is also usually given to decorative and aesthetic features. A common form of lamp shade on a floor lamp, for example, uses cloth or paper with a loose weave to block significant amounts of light in a horizontal direction. At the same time, the shade permits light to flow from the top and bottom. Chandelier A chandelier also known as girandole, candelabra lamp, or least commonly suspended lights) is a branched ornamental light fixture designed to be mounted on ceilings or walls. Chandeliers are often ornate, and normally use incandescent light bulbs, though some modern designs also use fluorescent lamps and recently LEDs. Chandelier as "a branched, decorative lighting fixture that holds a number of bulbs or candles and is suspended from a ceiling." In the interest of fire safety, today's chandeliers rarely hold candles, but they still impart an incomparable ambiance. The type of chandelier you choose will depend on your decorating scheme, the scale of your room, and the electrical outlets available. The chandelier market is projected to expand at a significant growth rate during the forecast period. The rising disposable incomes, changing lifestyles, and innovative chandelier designs by manufacturers are the factors driving the growth of this market. Additionally, consumers also have a rising trend to use energy efficient lights, which are long lasting and also cut down on the utility bills. This trend is considered to be the major factor leading to the increase in demand for chandeliers. However, technical difficulties in its installation and high investment costs act as a restraint toward growth of the market. Moreover, lack of availability of parts and specialized lights after damage also hinders the growth of the global chandelier market. In order to overcome the cost constraint of chandeliers, manufacturers are focusing on developing products at cost competitive prices. The global chandelier market is segmented by type, category, material, end use, distribution channel, and region. The chandelier market is divided into three types: classical, modern, and transitional. By category type, the market is segmented by the lighting direction namely uplight, downlight, cluster, and pendant. Based on material, the market is segmented into crystal, glass & colored glass, wood, metal, and others such as brass, fabric etc. By end use, the chandelier market is divided into residential and commercial which can be further classified into offices, hotels & restaurants, and others such as malls, hospitals etc. In terms of distribution channel, chandeliers are available online such as on e-commerce websites and brand websites and also available offline in department stores, hypermarkets, and specialty stores.
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Shiitake Mushroom

The shiitake is an edible mushroom native to East Asia, which is cultivated and consumed in many Asian countries. It is considered a medicinal mushroom in some forms of traditional medicine. Shiitake mushrooms offer many health benefits such as improved digestion, better cardiovascular health, bone building, etc. which have paved the way for its application in the pharmaceuticals industry. The global shiitake mushroom market has witnessed constant demand during the last few years and is projected to reach USD 35.4 billion at a CAGR of 15.31% by 2023. Shiitake mushroom is an edible specialty mushroom which was originated in East Asia. It is commonly used in preparation of various cuisines of East Asia. On the basis of the category, fresh shiitake mushroom will dominate the market and is projected to hold a major share of approx. 50% in the global market. Fresh shiitake mushroom is widely used in preparation of different cuisines for its rich and robust flavoring attribute which is driving the market of fresh shiitake mushroom. Asia Pacific is dominating the market in use of fresh shiitake mushroom followed by Europe. However, North America is witnessed to be the second largest growing country in fresh shiitake mushroom at a CAGR of 14.36% over the forecast period. Based on the application, food industry is dominating the market holding a leading share of 54.4%. However, increasing awareness of high nutritional and medical benefits of shiitake mushroom including improved cardiovascular health, bone-building, improved digestion, healing chromosome damage caused by anti-cancer treatments and others is boosting the application of shiitake mushroom in pharmaceuticals at a CAGR of 16.56% over the forecast period.
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Coir Pith Products (Briquettes, Artificial Door & Manure)

Coir is the outside hard layer of husk that surrounds the shell of the coconut. It consists mainly of fibres, which have traditionally been used to manufacture rope, carpets, doormats, upholstery stuffing, brushes etc. Between these fibres is the corky substance called coir pith, which has recently been widely recognized as the superior growing medium in which to grow soft fruit, tomatoes, roses and many other crops. Coir Pith a spongy material that binds the coconut fibre in the husk, coir pith is finding new applications. It is an excellent soil conditioner and is being extensively used as a soil-less medium for agri-horticultural purposes. With its moisture retention qualities, coir pith is ideal for growing anthodium’s and orchids. The eco-friendly product is said to be replacing many traditional products as an effective soil bed under greenhouse conditions. Coir pith Briquettes are made by compressing coir pith. They are individually shrink wrapped for export with or without labels as per specifications. Coir Pith Briquettes are natural organic growing medium and extensively used in Nurseries, Home Gardens, Green Houses and other Farming communities. Coir pith is emerging as a dollar-earning product indicating its potential to revitalize the soil. Coir pith is mixed with a suitable animal manure such as cow dung or poultry litter by using it as an absorbent in cattle farms and poultry farms. The spent coir pith is richly soaked with the dropping of the animals and this product is further decomposed using fungal culture. Suitable minerals are added to increase the availability of secondary and micro nutrients. The fungus breaks down the coir pith and the natural bacteria in the manure breaks down the manure resulting in a rich, soft, humus, organic manure that is widely used for horticulture, especially seed germination and organic farming of vegetables.
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Tartaric Acid, Food Colour, Crude Pectine, Tamarind Oil and Tamarind Protein from Tamarind

Tartaric Acid Tartaric acid is a four-carbon organic acid, primarily used in wine production to impart the characteristic tart taste to the wine. Tartaric acid can be produced from natural sources as well as synthetic raw materials. Natural source for tartaric acid is lees, which is obtained after racking wine, usually in the summers. Tartaric acid is a white, crystalline organic acid that occurs naturally in many fruits, most notably in grapes, but also in bananas, tamarinds, and citrus. Its salt, potassium bitartrate, commonly known as cream of tartar, develops naturally in the process of winemaking. It is commonly mixed with sodium bicarbonate and is sold as baking powder used as a leavening agent in food preparation. The tartaric acid market is expected to record a moderate CAGR between 2018 and 2023. Increasing demand from the wine industry in the Asia-Pacific and Latin American regions, coupled with the growing demand for packaged food, is expected to drive the market during the forecast period. The market is primarily driven by the diverse uses of tartaric acid in the food & beverage industry. Tartaric acid is widely used in the pharmaceutical segment. This is owing to its characteristic property of enhancing the taste of medicine, making it the material of choice for use in the pharmaceutical industry. Tartaric acid and its derivatives are widely used in making effervescent salts, which are formed when combined with citrates. The pharmaceutical industry is expected to be the one of the fastest growing segments by end-user industry in the global tartaric acid market due to the rise in medicine demand globally. The global tartaric acid market is segmented into type, source, and application. On the basis of the type, the market is segregated into natural and synthetic. The market by the source is bifurcated into grapes & sun-dried raisins, and maleic anhydride. The market for the application is further bifurcated into food and beverage, pharmaceuticals, cosmetic and personal care, and others. Food Colour Food coloring, or color additive, is any dye, pigment or substance that imparts color when it is added to food or drink. They come in many forms consisting of liquids, powders, gels, and pastes. Food coloring is used both in commercial food production and in domestic cooking. Food colorants are also used in a variety of non-food applications including cosmetics, pharmaceuticals, home craft projects, and medical devices. The food colorant market is one of the major segments of the global food additives market. Food Colors are used by the food and beverages industry to improve, and impart color for the visual appeal of the food which is lost while food processing. The global food colour market is primarily driven by the increasing demand from beverage industry and bakery and confectionary. The high demand from flavoured drinks, fruit juices and nutritional drinks drives the global food colour market. For commercial adoption, synthetic food colours are in high demand because of the high stability under light, cheap in cost and less microbial contamination. The global food colors market size was estimated at USD 1.79 billion in 2016, growing at a CAGR of 5.9% over the forecast period. Growth in global population is expected to result in increased demand for food & beverage products, which is further likely to drive the demand for the product over the forecast period. The global food colour market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). APEJ holds the major share in the global food colour market owing to the high consumption of synthetic food colour by commercial food producers. The countries such as India, China, Indonesia and Taiwan are the prominent countries in food colour market in APEJ region. Followed by APEJ is North America and Europe and are expected to grow at moderately high CAGR during the forecast period. Latin America is anticipate to project stable growth rate in terms of value during the forecast period.
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Return: 1.00%Break even: N/A
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Leggings Manufacturing Industry. Start a Hosiery Manufacturing Business

Leggings Manufacturing Industry. Start a Hosiery Manufacturing Business. Women's Leggings or Bottoms Leggings, which are a shape enhancing, skin tight piece of clothing covering the legs and meant to be worn by both men and women, have been seeing steady upswing in demand. Leggings are the most popular bottom wear for the women population. Actually, leggings come with knitted fabric. However, leather or woolens leggings are equally popular as a fashion trend. Nowadays, leggings come in multiple colors, designs, and patterns. Additionally, leggings come in different sizes and length. Generally, people can produce different types of leggings from several fabrics like Lycra, spandex, nylon, polyester, silk, cotton, wool or others fabrics. Basically, women with the all age group wear leggings. Additionally, one can team up leggings with the several upper outfits. These are kurta, tunics, t-shirts, coat, jackets, tank tops and any other tops or ethnic wear. Additionally, these are perfect for yoga or workout. So, it is natural that the demand will increase more in the future. Actually, leggings cover the daily-wear needs of women on the go. Leggings are now available in varieties like churidar, ankle length, Capri and in the different style like laced, layered, printed and solids. Leggings provide a slim look in the easiest possible way. Additionally, it comes at an affordable price for the major population. So, the popularity of leggings will definitely increase more in the future. • Demand for leggings is expected to continue to rise. • Growing westernization trend and rapid urbanization in developing countries such as India, Indonesia, etc., is expected to result into high adoption of leggings. • An increasing number of joint ventures of international companies with the local player as well as growing sportswear production is expected to support the growth of the market over the forecast period 2026. • The nylon segment (by material) is expected to contribute major revenue share in the global leggings market and is expected to register the highest CAGR of over 6% • The end-user segments, the women segment is expected to contribute major revenue share in the global leggings market and is expected to register the highest CAGR of over 7.0%, in terms of revenue. At the forefront of driving demand for leggings is the enduring appeal of the product, which is catching up even in the oriental nations with different clothing habits. This is because of the convenience and comfort it offers to the wearer. Both men and women can wear it for various purposes - both for the sake of fashion or for working out or indulging in sports activities. This versatility has gone a long way in sustaining the demand of the product. North America and Europe have been frontrunners in driving demand for leggings worldwide. This is because the pair of clothing is also used as hosiery in the region. Apart from that a large number of sports and yoga enthusiasts alongside the high spending capacity of people has served to boost their markets too. Besides the two regions, emerging economies in Asia Pacific and Latin America are also proving to be lucrative markets. Influence of the western culture affecting the food and clothing choices of people, mushrooming clothing manufacturing units, and increasing disposable incomes of people in the regions are mainly bolstering sales there. Leggings market size will grow from USD 23.17 Billion in 2018 to USD 30.87 Billion by 2023, at an estimated CAGR of 5.91%. The base year considered for the study is 2018, and the market size is projected from 2019 to 2023. Prominent participants in the global market for leggings include Tommy Hilfiger, Bata, Adidas, Jockey, CALVIN KLEIN, Sho Sho Fashion, Macys, Nike, ANTA Sports Products Limited, Nordstrom, Lysse, CSP International, Under Armour, AEO, Deckers Brands, Spanx, and Dollar Global Hosiery Market Rising personal disposable income along with changing lifestyle is anticipated to expand the growth of global hosiery market during the forecast period. Apart from this, propagation of modern retail formats such as supermarkets, discount stores, and pharmacy stores is resulting in increasing product visibility. In the present time, people are getting more serious about their looks and overall appearance, starting from what they wear and how they look. This is one of the major reasons behind the strong growth of fashion & apparel industry around the globe. One among the huge fashion trends is the hosiery segment which is mostly popular amongst the female population especially the ones who want to make a fashion statement based on the look they want, be it a demure look, a seductive or an appealing look. Further, there is a growing fashion consciousness among people, from teenagers to adults along with a growing desire to access designer clothes. In addition to that, the manufacturers are introducing various hosiery products through promotional activities such as fashion shows and advertisements to promote their hosiery products globally. The availability of variants in hosiery with various designs and colors are predicted to augment the growth of the global hosiery market with remarkable revenue of around USD 47,258.1 Million by the end of 2024 from USD 36,100.5 Million in 2016, expanding at a compound annual growth rate of 3.5% during the forecast period. Increasing spending on fashion products coupled with growth in disposable income of consumer is anticipated to drive the demand for the hosiery market during the forecast period. Furthermore, in developing economies, rising preference towards western outfits resulting in higher spending on fashion clothing is in turn projected to drive the demand for hosiery products over the forecast period. Beside this, increasing population across the globe is also projected to drive the demand for hosiery products. The global hosiery market is segmented on the basis of products into body stockings, knee high, socks, tights, toe socks, and others. Based on size, it is classified into small, medium, large, and plus. On the basis of distribution channel, the market is categorized into mass merchant, online store, departmental store, pharmacy store, and others. Geographically, the market is divided into North America, Europe, Asia-Pacific, and LAMEA. Tags #Leggings_Manufacturing, Leggings Manufacture, Leggings Manufacturing Pdf, #How_to_Start_Leggings_Manufacturing Business, How Leggings are Made, #Legging_Factory, How to Start Leggings Manufacturing Industry, Leggings Manufacturing Plant, Ladies Legging, Women Legging, Set up Leggings Manufacturing Unit, How to Make Leggings, #Hosiery_Factory, Project Report for Starting Legging Manufacturing Unit, #Leggings_Production_Process, How to Start Leggings Manufacturing, Starting a Leggings Business, How to Start a Leggings Business, #Leggings_Manufacturing_Business, Leggings Manufacturing Business Ideas, Women`s Wear Business Opportunity in India, Clothing Business Ideas & Opportunities, Leggings Manufacturing Business Plan, Readymade Garments Manufacturing, Hosiery Manufacturing Business Plan, #How_to_Start_a_Hosiery_Manufacturing_Business, Hosiery Products Manufacturing, Hosiery Manufacture, Hosiery Industry, Textile Industry in India, Leggings Production, Project Report on Leggings Manufacturing Industry, Detailed Project Report on Leggings Manufacturing Business, #Project_Report_on_Hosiery_Products_Manufacturing, Pre-Investment Feasibility Study on Leggings Manufacturing Business, Techno-Economic feasibility study on Hosiery Products Manufacturing, #Feasibility_report_on_Leggings_Manufacturing_Business, #Free_Project_Profile_on_Leggings_Manufacturing_Business, Project profile on Leggings Manufacturing Business, Download free project profile on Leggings Manufacturing Business, Women's Leggings or Bottoms, Women's leggings Manufacture, Women Leggings, Women Clothing Manufacture, Ladies Leggings Manufacture, Women`s Wear Business Opportunity in India
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Return: 1.00%Break even: N/A
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Glycerol Monostearate Manufacturing Industry

Glycerol Monostearate Manufacturing Industry. Production of Glycerol Monostearate (NSE/SE Grade). GMS Emulsifier Glycerol Monostearate Market Estimated to Cross USD 85.30 Million in 2022. Glycerol monostearate, commonly known as GMS, is an organic molecule used as an emulsifier. GMS is a white, odorless, and sweet-tasting flaky powder that is hygroscopic. It is a glycerol ester of stearic acid. It occurs naturally in the body as a product of the breakdown of fats by pancreatic lipase, and is also found in fatty foods. GMS is a food additive used as a thickening, emulsifying, anti-caking, and preservative agent; an emulsifying agent for oils, waxes, and solvents; a protective coating for hygroscopic powders; a solidifier and control release agent in pharmaceuticals; and a resin lubricant. It is also used in cosmetics and hair care products. GMS is largely used in baking preparations to add "body" to the food. It is responsible for giving ice cream and whipped cream its smooth texture. It is sometimes used as an anti-staling agent in bread. Market Outlook India Glycerol Monostearate Market is expected to Reach USD 85.30 Million in 2022. India is expected to record the fastest growth in the future. This can be attributed mainly to the growing fascination of western fast food trend in the country. India is predicted to hold a major share of the total glycerol monostearate market owing to the sharp rise in dairy industry and the presence of major glycerol monostearate manufacturers in this region. There has been tremendous growth in the food industry in India which is expected to spur the growth of the glycerol monostearate market in the coming years. Global Glycerol Monostearate Market Estimated to Cross USD 85.30 Million in 2022. The glycerol monostearate market can be segmented on the basis of applications into emulsifier, thickening, anti-caking, stabilizer and others. The emulsifier is the leading segment owing to high demand from food and cosmetics industry. Emulsifier accounted for the noteworthy market share in 2016. Thickening application is likely to flourish in the coming years. Some of the major end users of the glycerol monostearate are food & beverage, pharmaceutical, cosmetic and others. Glycerol monostearate plays a vital role in food & beverage and cosmetic industry; it acts as an emulsifier for mixing up the oils and water. Food and beverage industry dominated the glycerol monostearate market with the compelling share of the overall glycerol monostearate market. The cosmetics industry is expected to experience huge growth in the forecast period. Pharmaceutical is also expected to propel the market growth within the forecast period owing to the usage of glycerol monostearate as a stabilizer in the manufacturing of drugs. Based on application, the glycerol monostearate market is segmented as the emulsifier, thickening, anti-caking, stabilizer and other applications. Various end users for glycerol monostearate market are food & beverage, pharmaceutical, cosmetic and another end user. Some of the Major Market Players Are: • Volkem Chemical LLP • Estelle Chemicals Pvt. Ltd. • Alpha Chemicals Pvt Ltd • Marathwada Chemicals • Gujarat Amines • Liberty Chemicals • R. M. CHEMICALS • Maher Chemical Industries • ACM Chemicals • Jeevika Yugchem Private Limited • Mohini Organics Pvt. Ltd Tags #Glycerol_Monostearate, GMS, Preparation of Glycerol Monostearate, #Production_of_Glycerol_Monostearate, #Glycerol_Monostearate_(GMS), #Glycerol_Monostearate_Manufacturing_Process, #Glycerol_Monostearate_(Nse/Se_Grade)_Manufacturing_Plant, Manufacture of Glycerol Monostearate, Glycerol Monostearate Manufacture, Manufacturing Process of Glycerol Monostearate, Process for Preparation of a Monoglyceride, Glycerol Monostearate Uses, Applications and Uses of Glycerol Monostearate, Glycerol Monostearate Manufacturing, #Glycerol_Monostearate_Industry, Glycerol Monostearate for Industrial Purpose, #Project_Report_on_Glycerol_Monostearate_Manufacturing_Industry, #Detailed_Project_Report_on_Glycerol_Monostearate_Manufacturing, Project Report on Glycerol Monostearate Production, Pre-Investment Feasibility Study on Glycerol Monostearate Manufacturing, Techno-Economic feasibility study on Glycerol Monostearate Production, Feasibility report on Glycerol Monostearate Manufacturing, Free Project Profile on Glycerol Monostearate Production, Project profile on Glycerol Monostearate Manufacturing, Download free project profile on Glycerol Monostearate Manufacturing, #GMS_Emulsifier, Manufacture of Glycerol Monostearate (NSE SE Grade), Glycerol Monostearate-NSE Manufacture, #Glycerol_Monostearate_Manufacturing_Industry
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Return: 1.00%Break even: N/A
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