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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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Rubberwood Processing Plant

Rubberwood is a light-colored medium-density tropical hardwood obtained from the Pará rubber tree (Hevea brasiliensis), usually from trees grown in rubber plantations. Rubberwood is commonly advertised as an "environmentally friendly" wood, as it makes use of plantation trees that have already served a useful function. The rubberwood used in furniture comes from the tree that produces latex. They're also called rubber trees, parawood, Asian hardwood, plantation hardwood or Hevea brasiliensis. Native to Brazil, these trees often grow on plantations with lots of production throughout Asia. The trees mature after about nine years. Rubberwood varies from nearly white to yellow or cream in color. It has dense, straight grain with a coarse texture similar to that of oak. The grain, however, is symmetrical as opposed to oak's wavy patterns. Rubberwood's color is similar to teak, but much lighter.
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Return: 1.00%Break even: N/A
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Children Knitwear (T-Shirt)

Global Knitwear market is anticipated to reach USD 699 Billion, growing at an impressive CAGR of over 5% during the forecast period, due to the increasing adoption of e-commerce sites and expanding fashion industry. Moreover, rising awareness about health and increased participation in activities, such as running and yoga, are elevating the demand for active wear. Based on the product type, the market has been segmented into Innerwear, T-Shirts & Shirts, Sweaters & Jackets, Sweatshirts & Hoodies, Shorts & Trousers, Evening Dresses, Suits, & Leggings and Accessories. In 2017, t shirts, shirts and innerwear acquired more than 40% share which is anticipated to increase in the future. The global children wear market is foretold to gain momentum in growth due to the rising demand for high-quality products amid increasing safety concerns. With increase in disposable income, especially in developing economies, the growth of the global children wear market could see a rise in the coming years. Increasing interest in buying new clothes for kids could bode well for the global children wear market. Social media is expected to significantly push the global children wear market in terms of demand.
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Artificial Flowers (Paper & Cloth)

Artificial flowers are imitations of natural flowering plants used for commercial or residential decoration. They are sometimes made for scientific purposes (the collection of glass flowers at Harvard University, Materials used in their manufacture have included painted linen and shavings of stained horn in ancient Egypt, gold and silver in ancient Rome, rice-paper in China, silkworm cocoons in Italy, colored feathers in South America, and wax and tinted shells. Modern techniques involve carved or formed soap, nylon netting stretched over wire frames, ground clay, and mass-produced injection plastic mouldings. Flowers that are not available naturally, but made artificially from various materials are known as Artificial Flowers. In other words, Artificial Flowers are imitations of natural flowers. Silk Flowers, Soap Flowers, Paper Flowers, Clay Flowers, Plastic Flowers, Porcelain Flowers and Leather Flowers are some examples of artificial flowers. The artificial flowers are the replica of the natural flowers which are used in decoration. Artificial flowers are used for both residential and commercial decoration purposes. Artificial flowers with stems are generally used in homes in pots or vases, as a substitute for real flowers and plants.
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Steel Wool

Steel wool, also known as iron wool, wire wool, steel wire or wire sponge, is a bundle of very fine and flexible sharp-edged steel filaments. It was described as a new product. It is used as an abrasive in finishing and repair work for polishing wood or metal objects, cleaning household cookware, cleaning windows, and sanding surfaces. Steel wool is most often used in refinishing furniture and sometimes in the kitchen (in the form of the popular Brillo pad,) but those are by no means its only uses! Steel wool is an inexpensive and effective workhorse inside and outside of home. Steel wool is the name given to fine metal wire that are bundled together to form a cluster of abrasive, sharp-edged metal strips. The metal strips are massed together in a sheet, folded, and turned into pads that are easily held in the hand. These steel wool pads are used for a variety of purposes, but primarily as an abrasive material, sometimes replacing sandpaper. Steel wool may be best known to consumers as the pink-colored abrasive pads that have soap added so that they may be used to scrub pots and pans.
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Cement Grinding Unit

Cement grinding are used to improve the efficiency of cement production and reduce energy consumption. Cement grinding have been used for improving cement clinker grinding efficiency, power flow ability, and strength development of binders. The cement industry in India is probably the most efficient in the world and has a well deserved reputation for technology upgradation. The proper selection of plant and machinery, and process systems and auxiliary equipment is not only important from the energy efficiency point of view, but also critical from the plants. India is the second largest producer of cement in the world. No wonder, India's cement industry is a vital part of its economy, providing employment to more than a million people, directly or indirectly. Ever since it was deregulated in 1982, the Indian cement industry has attracted huge investments, both from Indian as well as foreign investors. India has a lot of potential for development in the infrastructure and construction sector and the cement sector is expected to largely benefit from it. Some of the recent major initiatives such as development of 98 smart cities are expected to provide a major boost to the sector. Cement production capacity stood at 502 million tonnes per year (mtpy) in 2018. Cement consumption is expected to grow by 4.5 per cent in FY19 supported by pick-up in the housing segment and higher infrastructure spending. The industry is currently producing 280 MT for meetings its domestic demand and 5 MT for exports requirement. The Indian cement industry is dominated by a few companies. The top 20 cement companies account for almost 70 per cent of the total cement production of the country. A total of 210 large cement plants account for a cumulative installed capacity of over 350 million tonnes, with 350 small plants accounting for the rest. Of these 210 large cement plants, 77 are located in the states of Andhra Pradesh, Rajasthan and Tamil Nadu.
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Non-Stick Kitchen Ware

The Kitchenware market in India is estimated to be in the range of Rs $320 – $360 million out of which Kitchen Accessories market is just about 18 per cent. The market is highly unorganized with organized players accounting for only 35 - 40 per cent of the market share. The industry is pegged to grow at around 21%, some of the key drivers are as follows:- • The industry is witnessing tremendous technological changes, creating better and innovative products every now and then, this leads to enormous diversity of articles on of the key drivers of the category • The market bustles specially on the auspicious season of ‘Diwali Festival’, the growth is also fuelled by ‘Marriage Occasions’ where category forms part of Gifting item • The category is becoming popular as the Casual Entertaining Trend is on the rise – thus leading to growth of contemporary and unique item • Development of new retail channels such as modern retail format stores, lifestyle stores, etc. have also added to the growth of the category because:- • Channel present consumer with lifestyle solution rather than isolated products categories • Development of different market niches, each aiming on specific consumer group • Life style-enhancing items increase in-store traffic; encourage consumers to linger longer in the outlets and boost impulse purchases
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Auto Bulb, Lamp

Light bulbs for automobiles are made in several standardized series. Bulbs used for headlamps, turn signals and brake lamps may be required to comply with international and national regulations governing the types of lamps used. Other automotive lighting applications such as auxiliary lamps or interior lighting may not be regulated, but common types are used by many automotive manufacturers. India automotive lighting market is projected to grow at a CAGR of over 12% by 2023, on the back of improvement in vehicle safety standards, advanced features in vehicle lighting systems, and government regulations towards vehicle lighting systems. Moreover, increasing automobile production, as well as vehicle fleet is further contributing to the growth of India automotive lighting market. An incandescent light bulb, incandescent lamp or incandescent light globe is an electric light with a wire filament heated to such a high temperature that it glows with visible light (incandescence). The filament is protected from oxidation with a glass or fused quartz bulb that is filled with inert gas or a vacuum. In a halogen lamp, filament evaporation is slowed by a chemical process that redeposits metal vapor onto the filament, thereby extending its life. The global lamps market is expected to expand at a modest CAGR from 2015 to 2023. It is estimated that lighting consumes a significant portion of energy production. The growing demand from rural areas on account of initiatives taken by governments across regions is expected to boost the global lamps market. Rural areas in developing nations of India, the Middle East and Latin America are witnessing a surge in the demand for lamps. The demand for lamps exists not only from residential sectors, but also from commercial and industrial sectors, which will ensure a steady growth of the market.
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Fatty Alcohol Manufacturing Business

Fatty Alcohol Manufacturing Business. Production of Long-chain alcohol (Fatty Alcohol). Profitable Business Opportunities in Oleochemicals Business Fatty alcohols are commonly derived from natural oil and fat found in animals and plants or prepared synthetically. They are aliphatic alcohols used in detergents, cosmetics, pharmaceuticals, etc. In cosmetics formulations fatty alcohol is used as a thickener, emulsifier, and emollients. Fatty alcohols can be divided into natural and artificial. All natural fatty alcohols are based on soya bean oil, palm oil, coconut oil, and others. For production of fatty alcohol - three methods can be used such as wax Easter route, Easter route, and acid route. The fatty alcohol is derived from fatty acids and forms the basic building blocks of products like soaps, shampoos, and cosmetics among others. The fatty alcohols are colorless oily liquids or solid wax substances that are widely used in making cleaning products. They are amphipathic in nature and act as non-ionic surfactants. The fatty alcohols are mainly being used as emulsifiers, thickeners, emollients, and lubricating agents across different industries. The main application areas for fatty alcohols are detergents and soaps, personal care and others. Increasing concerns regarding the effect of petrochemicals use on the environment have driven the use of bio-based, sustainable chemicals. The industry has started adopting biodegradable products and base chemicals through bio-based raw materials for the reduction of its reliance on petrochemicals and to decrease carbon footprint. Regulations regarding the environmental hazards associated with petrochemical-based products are expected to drive the market adoption. Also, increasing demand for personal care products and detergents & soaps in developing regions is estimated to drive the adoption of fatty alcohols during the forecast period. Fatty alcohol is used as an emulsifier, thickeners, emollients and lubricating agent. These vital features and aspects of fatty alcohol increases it overall market value as a chemical product. Applications segment the global fatty alcohol market into personal care, amines, soaps & detergents, lubricants and others. Global fatty alcohol market is further classified by products into C6-C10 fatty alcohols, C11-C14 fatty alcohols and C15-C22 fatty alcohols. Market Outlook Fatty alcohol market size is anticipated to be valued at over USD 7.5 billion by 2023. Favorable government initiatives accompanied by consumer shift towards natural products is likely to fuel demand over the forecast period. Increasing demand for fatty acids, coupled with increasing number of surfactant based industries are major factors driving growth of the global fatty alcohol market. Increasing number of personal care products, detergents, soaps, oil, etc. companies is also resulting into increasing usage of fatty alcohols. Abundant availability of raw materials at low cost in emerging economies is another factor fueling growth of the global market. Furthermore, increasing population and rising demand for cosmetics, cleaning products, gas, etc. are factors expected to boost growth of the global fatty alcohols market in the near future. The various application areas, the segment of detergents and soaps is expected to account for a massive, dominating share in the global fatty alcohols market during the assessment period. However, the uptake of fatty alcohols is likely to rise at substantial pace in the personal care industry. This is attributed to the rising use of emollients and emulsifiers in personal care products. The demand for fatty alcohols has witnessed a rapid worldwide demand by the rising use of fatty alcohols in the making of soaps and detergents. Rapid strides being made by the personal care and cosmetics industries in emerging economies have been imparting a big impetus to the expansion of the fatty alcohols market. Moreover, the rising use of fatty alcohols in manufacturing plasticizers, flavors and fragrance, and lubricants, is accentuating the growth. In this regard, C15-C22 fatty alcohols are extensively used in lubricants and moisturizers. In addition, C11-C14 type is used in the making of key foaming agents, notably sodium lauryl ether sulfates. However, in recent years, glut of fatty alcohols in various parts of the world is a key factor hindering the growth of the global market. Moreover, the volatility of raw materials prices has adversely affected the prospect of the fatty alcohols market. Modern lifestyle and awareness among consumer groups in developed as well as developing economies regarding the use of personal care products is a prominent factor to upsurge the growth of global fatty alcohol market. Biodegradable nature of fatty alcohol which helps maintain ecological balance is a significant factor empowering the global fatty acid market. Rising demand for detergents, surfactants and lubricants is expected to drive this market for the forecast period. End user industries like food and oil industries are expected to open new opportunities for the global fatty alcohol market. Expensive raw material cost is holding up the growth of global fatty alcohol market. The global fatty alcohol market is divided based on type, application, and region. Type is segmented into the short chain, long chain, pure & mid-cut, and higher chain. Based on application, the market is segmented into personal care, plasticizers, industrial & domestic cleaning, lubricants, pharmaceutical formulation, food & nutrition, and others. Geographically, the market has been segmented into Asia-Pacific, North America, South America, Middle East & Africa and Europe. Asia-Pacific is expected to dominate the market in the forecast period, due to the rising disposable income, increasing population and growing demand for fatty alcohols in various industries. Major leaders of the world Fatty Alcohols market are: Wilmar International Ltd., Kuala Lumpur Kepong Berhad, Musim Mas Holdings Pte. Ltd., Godrej Industries Limited, The Procter & Gamble Company, VVF Limited, Sasol Limited, Kao Corporation, Emery Oleochemicals (M) Sdn Bhd, Royal Dutch Shell plc. Oleochemicals Industry in India Fatty acids control a lion’s share in the India oleochemicals market on account of large requirement for distilled fatty acids and polyunsaturated acids, which are essential in the production of soaps, personal care products, detergents, lubricants, surfactants, etc. Oleochemicals are industrially produced chemicals derived from animal fats or vegetable oils. Since oleochemicals are less toxic as compared to conventional petrochemical products, various end use industries such as those engaged in manufacturing of personal care products, detergents, soaps and agrochemicals, are substituting their requirement for petrochemicals with oleochemicals. India oleochemicals market is projected to cross US$2.6 billion by 2025. India oleochemicals market has been segmented into five categories namely - fatty acids, fatty alcohols, glycerin, fatty acid methyl esters and fatty amines. Robust growth in India oleochemicals market can be attributed to the increasing demand for naturally derived raw materials for personal care and soaps industry. Rising consumer spending on green products and increasing awareness regarding the harmful effects of chemicals used in cosmetic products has resulted in an upsurge in preference for oleochemicals in the country, especially over the last few years. However, the fastest growth in India oleochemicals market over the next ten years is anticipated to be exhibited by methyl esters and fatty amines, which are increasingly being used in the agrochemicals sector. West region controls the largest share in India oleochemicals market on account of strong presence of soaps and detergent manufacturing industries in the region. Few of key players involved in India oleochemicals market include VVF(India) Limited, Godrej Industries Limited, 3F Industries Limited, Jocil Limited, Indo Amines Ltd., Universal Biofuels Limited, Oil Base India and Oleochem India Private Limited Tags #Fatty_Alcohol, #Production_of_Fatty_Alcohols, Process for Production of Fatty Alcohols, #Fatty_Alcohol_Manufacturing_Plant, Fatty Alcohol Industry in India, Setting up Fatty Alcohol Manufacturing Unit, Fatty Alcohol Business, #How_to_Start_Industrial_Alcohol_Manufacturing_Business, Fatty Alcohol Making Process, Fatty Alcohol Manufacture, Manufacturing of Fatty Alcohol, #Fatty_Alcohol_Plant, Process for Producing Fatty Alcohols, Fatty Alcohols Manufacturing, Long-Chain Alcohols, Fatty Alcohol Production Process, Fatty Alcohol Production Plant, Production, Properties, and Uses of Fatty Alcohols, Fatty Alcohol Production Business, #Fatty_Alcohol_Formula, Process for Manufacturing of Fatty Alcohols, #Project_Report_on_Fatty_Alcohols_Manufacturing_Industry, Detailed Project Report on Fatty Alcohols Manufacturing, Project Report on Fatty Alcohol Production, Pre-Investment Feasibility Study on Fatty Alcohol Production, #Techno_Economic_feasibility_study_on_Fatty_Alcohols_Manufacturing, Feasibility report on Fatty Alcohol Production, #Free_Project_Profile_on_Fatty_Alcohol_Production, Project profile on Fatty Alcohol Production, Download free project profile on Fatty Alcohol Production, #Oleochemicals_Industry_in_India, India Oleochemicals, Oleo Chemicals, Production of Oleochemicals, Oleochemical Industry, Oleochemicals Manufacturing, Oleochemical Production Process, Oleochemical Manufacture, Oleochemical Manufacture and Applications Pdf, Manufacturing of Oleochemicals, Production of Long-chain Alcohols
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LPG Gas Pipe

LPG Gas Pipe is used for joining stove to LPG cylinder in home kitchens for cooking purposes. The pipe embraces features like flexibility in bending and resist against cracks for many years. Outer layer of gas pipe is made up of rubber and inside it has hard wired mesh that gives protection from bites of rats. These are widely used in compressors, welding, heating and cutting operation and other pneumatic applications. Features: • Durable nature • Easy to use • Low maintenance • High strength • Water resistant • Abrasion resistance • High tensile strength • Durable finish standard
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Ceramic Crockery Products (Bone China)

Ceramic crockery has dazzling lustre which enhances its quality and prolongs its life. Moreover, bone china crockery requires least amount of maintenance. The Bone China crockery are being manufactured using the high grade raw materials. These are being available in standards as well as the customized forms on the basic of designs shape sizes and color. These comprises serving dish, plates and bowls and is highly known in the market for its stylish, classy look, premium quality, durability, attractive patterns, vibrant colors and good polishing ability. These are designed according to the latest trends prevailing in the market. Features: • Perfectly finish • Long service life • Light weight • Good quality • Stylish look and attractive • Durable The residential consumers are the major end-users of ceramic tableware products. The demand for ceramic tableware is anticipated to grow owing to the increase in household numbers globally. The increasing home renovation and modular kitchen projects will be one of the major trends in the global ceramic tableware market during 2019-2023. The number of home renovation projects in the Americas has been increasing since 2016. The average spending on dining renovation in the US grew by around 13% in 2016 when compared with the previous year. The trend in dining renovation is anticipated to continue growing during the forecast period and a considerable amount of revenue from dining renovation projects is anticipated to flow into ceramic tableware products.
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