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

Automotive Industry: Project Opportunities in Tamil Nadu

 

PROFILE:

The automotive industry in India is one of the largest in the world and one of the fastest growing globally. India's passenger car and commercial vehicle manufacturing industry is the seventh largest in the world, with an annual production of more than 3.7 million units in 2010. Automotive industry is the key driver of any growing economy. It plays a pivotal role in country's rapid economic and industrial development. It caters to the requirement of equipment for basic industries like steel, non-ferrous metals, fertilisers, refineries, petrochemicals, shipping, textiles, plastics, glass, rubber, capital equipments, logistics, paper, cement, sugar, etc. It facilitates the improvement in various infrastructure facilities like power, rail and road transport. Due to its deep forward and backward linkages with almost every segment of the economy, the industry has a strong and positive multiplier effect and thus propels progress of a nation. The automotive industry comprises of the automobile and the auto component sectors.

 

RESOURCES:

Tamil Nadu is being popularly hailed as “Detroit” of India as it has a large Automobile and Ancillary sector. Automobile industry plays a crucial role in the State economy and has been one of the key driving factors, contributing 8% to State GDP and giving direct employment to 2,20,000 people. More than100 companies in the Automotive and Auto Ancillary industry are located in this state, maintaining highest production norms by implementing internationally recognized quality standards. Chennai has emerged as India's largest automobile and auto components exporter in India. Hyundai has made Chennai the manufacturing and export hub for its small cars. Tamil Nadu has the largest auto components industry base. Currently, Tamil Nadu accounts for above 32% of India's production capacity. Automobile manufacturers operate "Just - in-Time" avoiding inventory costs. The state has a well-developed automotive and auto component industry. It is the hub of Indian automobiles industry. Several automobile and automobile ancillary units are located in Tamil Nadu. It has manufacturing facilities across the automotive spectrum from tractors to battle tanks. Global auto majors like, Hindustan Motors and Mitsubishi have commenced production plants. Ashok Leyland and TAFE have set up expansion plants in Chennai. Fortune 500 companies such as Hyundai and Ford have established manufacturing facilities in the state.

 

GOVERNMENT POLICIES:

Government brought out a very innovative Policy "Ultra Mega Policy for Integrated Automobile Projects" that offers a very attractive package of support to automobile projects investing more than Rs.4000 Crores. As a result of this Policy, since May 2006, investments attracted by Tamil Nadu is automobiles & components manufacturing is Rs.21900 Crores, almost 5 times of the Investments attracted during previous 15 years (May 1991-April 2006). The total employment potential in these new projects is: 1.20 lakhs (direct + Indirect). Govt of India is currently implementing a project "National Automotive Testing R&D Infrastructure Project" (NATRIP) in Oragdam near Chennai at a project cost of about Rs.450 Crores. This project aims at facilitating introduction of world-class automotive safety, emission and performance standards in India as also ensure seamless integration of our automotive industry with the global industry.

 

Textile: Project Opportunities in Tamil Nadu

 

PROFILE:

The textile industry is primarily concerned with the production of yarn, and cloth and the subsequent design or manufacture of clothing and their distribution. The raw material may be natural or synthetic using products of the chemical industry. India Textile Industry is one of the leading textile industries in the world. Though was predominantly unorganized industry even a few years back, but the scenario started changing after the economic liberalization of Indian economy in 1991. The opening up of economy gave the much-needed thrust to the Indian textile industry, which has now successfully become one of the largest in the world.

RESOURCES:

Tamil Nadu has traditional strengths in the textile sector. In the post-quota abolition regime, the Textile Industry has tremendous opportunities for growth as well as challenges to be met. Availability of cotton at fair prices and at right quality, the backlog in modernization, supply of inputs particularly credit and power at reasonable rates etc. are all essential for the textile industry to be competitive in an increasingly uncertain trading environment. The Handlooms, Power looms, Hi-Tech Weaving Parks, Garments & Hosiery, Processing Apparel Park are important components of the textile industry.

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, 1995Government 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.

 

Leather: Project Opportunities in Tamil Nadu

 

PROFILE:

Leather Industry occupies a place of prominence in the Indian economy in view of its massive potential for employment, growth and exports. There has been increasing emphasis on its planned development, aimed at optimum utilisation of available raw materials for maximising the returns, particularly from exports.  The leather and leather products industry is one of India’s oldest manufacturing industries that catered to the international market right from the middle of the nineteenth century. The leather industry employs about 2.5 million people and has annual turnover of Rs. 25,000 crores. India is the third largest leather producer in the world after China and Italy

RESOURCES:

Leather industry in Tamil Nadu is considered to be very ancient and some say it is of more than two centuries old. The state accounts for 70 per cent of leather tanning capacity in India and 38 per cent of leather footwear and components. The exports from Tamil Nadu are valued at about US $ 762 million, which accounts for 42 per cent of Indian leather exports. Hundreds of leather and tannery industries are located around Vellore, Dindigul and Erode its nearby towns such as Ranipet, Ambur, Perundurai, Nilakottai and Vaniyambadi. The Vellore district is the top exporter of finished leather goods in the country. That leather accounts for more than 37% of the country's Export of Leather and Leather related products such as finished leathers, shoes, garments, gloves and so on. The tanning industry in India has a total installed capacity of 225 million pieces of hide and skins of which Tamil Nadu alone contributes to an inspiring 70%. Leather industry occupies a pride of place in the industrial map of Tamil Nadu. Tamil Nadu enjoys a leading position with 40% share in India's export.

GOVERNMENT POLICIES:

Government policies in support of the industry:

• The entire leather sector is now de-licensed and de-reserved, paving way for expansion on modern lines with state-of-the art machinery and equipment

• 100% Foreign Direct Investment and Joint Ventures permitted through the automatic route

• 100% repatriation of profit and dividends, if investments made in convertible foreign currency. Only declaration to this effect to the Reserve Bank is required.

• Promotion of industrial parks (one leather park in Andhra Pradesh, one leather goods park in West Bengal, one footwear park in Tamil Nadu and one footwear components park in Chennai).

• Funding support for modernizing manufacturing facilities 

• Funding support for establishing design studios

• Duty free import of raw materials (namely raw skins, hides, semi finished leather and finished leather) and of embellishments and components under specific scheme

• Concessional duty on import of specified machinery for use in leather sector

• Duty neutralization / remission scheme

Food Processing: Project Opportunities in Tamil Nadu

 

PROFILE:

India is the world's second largest producer of food next to China, and has the potential of being the biggest with the food and agricultural sector. The Indian food processing industry stands at $135 billion and is estimated to grow with a CAGR of 10 per cent to reach $200 billion by 2015. The food processing industry in India is witnessing rapid growth. In addition to the demand side, there are changes happening on the supply side with the growth in organised retail, increasing FDI in food processing and introduction of new products. India's food processing sector covers fruit and vegetables; meat and poultry; milk and milk products, alcoholic beverages, fisheries, plantation, grain processing and other consumer product groups like confectionery, chocolates and cocoa products, Soya-based products, mineral water, high protein foods etc.

RESOURCES:

Tamil Nadu has historically been an agricultural state and is a leading producer of agricultural products in India. In 2008, Tamil Nadu was India's fifth biggest producer of Rice. The total cultivated area in the State was 5.60 million hectares in 2009-10. The state is the largest producer of bananas, flowers, tapioca, the second largest producer of mango, natural rubber, coconut, groundnut and the third largest producer of coffee, sapota, Tea and Sugarcane. Tamil Nadu's sugarcane yield per hectare is the highest in India. Among states in India, Tamil Nadu is one of the leaders in livestock, poultry and fisheries production. Tamil Nadu had the second largest number of poultry amongst all the states and accounted for 17.7% of the total poultry population in India. With the third longest coastline in India, Tamil Nadu represented 27.54% of the total value of fish and fishery products exported by India in 2006.

GOVERNMENT POLICIES:

Tamil Nadu government has come out with following policies :

·         Raise in processed foods in the market from 1% to 10%.

·         Raise value addition levels from 7% to 30 %

·         Food processing industry is one of the growing areas identified for exports. Free Trade Zones (FTZ) and Export Processing Zones (EPZ) have been set up with all infrastructures. Also, setting up of 100% Export oriented units (EOU) is encouraged in other areas. They may import free of duty all types of goods, including capital foods.

·         Capital goods, including spares up to 20% of the CIF value of the Capital goods may be imported at a concessional rate of Customs duty subject to certain export obligations under the EPCG scheme, Export Promotion Capital Goods. Export linked duty free imports are also allowed.

·         Units in EPZ/FTZ and 100% Export oriented units can retain 50% of foreign exchange receipts in foreign currency accounts.

·         50% of the production of EPZ/FTZ and 100% EOU units is saleable in domestic tariff area.

Paper industry: Project Opportunities in Tamil Nadu

 

PROFILE:

Paper Industry in India is riding on a strong demand and on an expanding mood to meet the projected demand of 8 million tons by 2010 & 13 million tons by 2020. The Indian Paper Industry is a booming industry and is expected to grow in the years to come. The usage of paper cannot be ignored and this awareness is bound to bring about changes in the paper industry for the better. It is a well known fact that the use of plastic is being objected to these days. The reason being, there are few plastics which do not possess the property of being degradable, as such, use of plastic is being discouraged. Excessive use of non degradable plastics upsets the ecological equilibrium. The Paper industry is a priority sector for foreign collaboration and foreign equity participation upto 100% receives automatic approval by Reserve Bank of India. Several fiscal incentives have also been provided to the paper industry, particularly to those mills which are based on non-conventional raw material.

RESOURCES:

Tamil Nadu continues to be one of the forerunners in the production of paper and paper products. There are 74 paper mills in operation in Tamil Nadu. The total paper production was 3.7 lakh tonnes in 2005 06 which accounts for 17.30% share of the national production, next only to Andhra Pradesh.  As the country’s forest cover is much below the desired level, the Government of Tamil Nadu established TNPL in 1979 to manufacture newsprint and paper using bagasse (sugarcane waste) as the primary raw material. This is the largest paper mill in India with an installed capacity of 230,000 TPA. Tamil Nadu Newsprint and Papers Limited (TNPL) was established by the Government of Tamil Nadu to produce newsprint and writing paper using bagasse, a sugarcane residue.

GOVERNMENT POLICIES:

Several policy measures have been initiated in recent years to remove the bottlenecks of availability of raw materials and infrastructure development. To bridge the gap of short supply of raw materials, duty on pulp and waste paper and wood logs/chips have been reduced. In the year 1979, Government of Tamil Nadu established Tamil Nadu Newsprint and Papers Limited as a public limited company under the Companies Act, 1956. Commencing production in 1984, with the support of Government of Tamil Nadu, the company has made rapid strides and has emerged as the largest paper mill in India at a single location. With the on-going expansion plan to increase paper production capacity from the present 2.45 lakh tons to 4 lakh tons per annum, TNPL is poised to become a Rs.2000 crores company by 2011-12.

Cement Industry: Project Opportunities in Tamil Nadu

 

PROFILE:

India is the second largest producer of quality cement in the world. The cement industry in India comprises 139 large cement plants and over 365 mini cement plants. Industry's capacity at beginning of the year 2008-09 was 198.30 million tonne (MT) which increased to 219 MT at the close of the year. The initiatives provided by the Government of India to various infrastructure projects, road network and housing activities will provide required stimulus towards the growth of cement industry in India. Domestic demand for cement has been increasing at a fast pace in India & it has surpassed the economic growth of the country.

RESOURCES:

Tamil Nadu is a leading producer of cement in India. It has 13 major cement factories.  It is a home for leading brands in the country such as Chettinad Cements (Karur), Dalmia Cements (Ariyalur), Ramco Cements (Madras Cement Ltd.), India Cements (Sankakari, Ariyalur), Grasim etc. The production of cement in the State increased from 126 lakh tonnes in 2004-05 to 142.89 lakh tonnes in 2005-06 with a growth rate of 13.4% accounting for 10.08 % of cement production at the national level, occupying the 5th place.  However, it may be noted that, the cement production in the private sector has been showing an increasing trend whereas production in the public sector has decreased to 7.85 lakh tonnes from 8.06 lakh tonnes in the public sector for the corresponding period.

GOVERNMENT POLICIES:

Government policies have affected the growth of cement plants in India in various stages. The control on cement for a long time and then partial decontrol and then total decontrol has contributed to the gradual opening up of the market for cement producers. The prices that primarily control the price of cement are coal, power tariffs, railway, freight, royalty and cess on limestone. Interestingly, all of these prices are controlled by government. Cement industry consumes about 5.5bn units of electricity annually while one ton of cement approximately requires 120-130 units of electricity. Power tariffs vary according to the location of the plant and on the production process. The state governments supply this input and hence plants in different states shall have different power tariffs. Another major hindrance to the industry is severe power cuts.

 

Waste management: Project Opportunities in Andhra Pradesh

PROFILE:

Waste utilization, recycling and reuse plays a major role in limiting resource consumption and the environmental impact of waste. Recycling is an integral part of any waste management system as it represents a key utilization alternative to reuse and energy recovery (Waste-to-Energy). Which option is ultimately chosen depends on the quality, purity and the market situation. Hazardous waste management is a new concept for most of the Asian countries including India. The lack of technical and financial resources and the regulatory control for the management of hazardous wastes in the past had led to the unscientific disposal of hazardous wastes in India, which posed serious risks to human, animal and plant life.

 

RESOURCES:

Municipal Solid Waste (MSW) generation in Chennai, the fourth largest metropolitan city in India, has increased from 600 to 3500 tons per day (tpd) within 20 years. The highest per capita solid waste generation rate in India is in Chennai (0.6 kg/d). Chennai is divided into 10 zones of 155 wards and collection of garbage is carried out using door-to-door collection and street bin systems. The collected wastes are disposed at open dump sites located at a distance of 15 km from the city.  Recent investigations on reclamation and hazard potential of the sites indicate the need for the rehabilitation of the sites.  Chennai is the first city in India to contract out MSWM services to a foreign private agency- ONYX, a Singapore based company. The scope of privatization includes activities such as sweeping, collection, storing, transporting of MSW and creating public awareness in three municipal zones.  ONYX collects about 1100 Metric tons of waste from three zones per day and transports it to open dumps.

 

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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Alcohol from Tapioca Starch

Alcohol is a depressant, which in low doses causes euphoria, reduces anxiety, and improves sociability. In higher doses, it causes drunkenness, stupor, unconsciousness, or death. Long-term use can lead to alcohol abuse, physical dependence, and alcoholism. Alcohol is one of the most widely used recreational drugs in the world with about 33% of people being current drinkers. The global alcoholic beverages market was valued at $1,439 billion in 2017, and is expected to reach $1,684 billion by 2025, registering a CAGR of 2.0% from 2018 to 2025. Most cultures across the globe have traditionally consumed various types of alcoholic beverages; however, local specialty alcoholic beverages account for the majority share. Only a small number have evolved into commodities that are produced commercially on a large scale. The demand for alcoholic drinks is growing at a faster rate in emerging countries, like India, China, Indonesia, and Singapore. This is driving the demand for alcoholic drinks industry. The growing demand for premium alcoholic beverages is considered to be one of the primary drivers for this market. Efforts by alcoholic beverage manufacturers for strengthening distribution channels and extension of purchase channels, such as online stores, and convenience stores, is also contributing substantially to the growth of the global alcoholic beverages market.
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Paints & Varnishes

Paints Paint is any pigmented liquid, liquefiable, or mastic composition that, after application to a substrate in a thin layer, converts to a solid film. It is most commonly used to protect, color, or provide texture to objects. Paint can be made or purchased in many colors—and in many different types, such as watercolor, synthetic, etc. Paint is typically stored, sold, and applied as a liquid, but most types dry into a solid. Paint is essentially a coating or covering material applied on metallic or non-metallic surfaces for decorative or protective purposes. Paint is used to decorate, protect and prolong the life of natural and synthetic materials, and acts as a barrier against environmental conditions. Paints may be broadly classified into Decorative paints, applied on site to decorate and protect buildings and other objects, and Industrial coatings which are applied in factories to finish manufactured goods such as cars. The Indian paint market is expected to reach Rs 709 bn by 2019-20 from around Rs 403 bn in 2014-15. The per capita paint consumption in India which is a little over 4 kgs is still very low as compared to the developed western nations. Therefore, as the country develops and modernizes, the per capita paint consumption is bound to increase. The paints sector is raw material intensive, with over 300 raw materials (50% petro-based derivatives) involved in the manufacturing process. Since most of the raw materials are petroleum based, the industry benefits from softening crude prices. The unorganised sector controls around 35% of the paint market, with the organised sector accounting for the balance. In the unorganised segment, there are about 2,000 units having small and medium sized paint manufacturing plants. Top organised players include Asian Paints, Kansai Nerolac, Berger Paints and ICI. Automotive paint, one of the most vital parts of automobile, is applied on automobiles to preserve them from UV rays, 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. Varnishes Varnish is a clear transparent hard protective finish or film. Varnish has little or no color and has no added pigment as opposed to paint or wood stain which contains pigment. However, some varnish products are marketed as a combined stain and varnish. Varnish is primarily used in wood finishing applications where the natural tones and grains in the wood are intended to be visible. It is applied over wood stains as a final step to achieve a film for gloss and protection. Varnish finishes are usually glossy but may be designed to produce satin or semi-gloss sheens by the addition of "flatting" agents. Varnish is a transparent, hard, protective finish or film primarily used in wood finishing but also for other materials. Varnish is traditionally a combination of a drying oil, a resin, and a thinner or solvent. Varnish finishes are usually glossy but may be designed to produce satin or semi-gloss sheens by the addition of "flatting" agents. Varnish is a type of clear finish. It is composed of a solvent, resin and oil. Varnishes are available in a variety of finishes, including satin, gloss, and semi-gloss. Varnish has no color or pigment. It is translucent, which allows the natural characteristics of a piece of wood to be seen. Carpenters, woodworkers and cabinet makers typically add varnish to pieces to give them a glossy sheen. The varnish also adds a barrier that protects the wood against damage, including scratches and dents. Global Paint and Varnish Market is expected to grow significantly in the forecast period owing to the increasing development worldwide. Paint is the coating applied on the walls or surfaces for decoration. The material is either available in oil-based or water-based form; it prevents corrosion and completely hides the applied surface. Varnishes are the transparent liquids that offer protective surface coating like paints. They do not completely hide the surface but add glossy finish to it. Varnish normally contains resin, thinner or solvent and drying oil. Wood varnishes are used to provide finishing to wooden surfaces. The application of varnish on wooden surfaces enhances their aesthetic appearance and provides resistance against moisture and other environmental agents. Wood varnishes are usually transparent in colour. They seal the pores on the wooden surface and thus, prevent the action of microorganisms, which could potentially damage the surface.
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Washing Machine

Washing machine (laundry machine, clothes washer, or washer) is a device used to wash laundry. The term is mostly applied to machines that use water as opposed to dry cleaning (which uses alternative cleaning fluids, and is performed by specialist businesses) or ultrasonic cleaners. The user adds laundry detergent which is sold in liquid or powder form to the wash water. The washing machine enables you to wash your clothes automatically without having to supervise its operation. All you have to do is put the clothes in the machine and select the wash mode. The washing machine automatically takes in the amount of water and detergent required and it also automatically sets the timer for washing, rinsing and drying as per the selected mode and the amount of clothes. Washing machine is a complex appliance, and sometimes you may feel a little confused when it comes to washing machine installation or even dealing with washing machine problems. To help you understand your washer better, here’s an introduction to washing machine parts as well as some basic information on how your machine works. The washing machine has two steel tubs. The inner tub is the one that holds the clothes. It has an agitator in the middle of it, and the sides are perforated with holes so that when the tub spins, the water can leave. The growing demand for products which bring convenience to consumers is a key factor fueling the demand for washing machines. The growing changes in lifestyles, increasing disposable income, and the availability of advanced technology are also boosting the growth of the global washing machines market. One of the trends seen in the washing machine market in recent times is the use of technology that reduces the use of water for washing. Global Washing Machine Market was valued at $36,648 million in 2016, and is projected to reach at $53,193 million by 2023, growing at a CAGR of 5.5% from 2017 to 2023. Washing machines are widely used home appliances for washing laundry, as they save time and energy. A washing machine operates by spinning the laundry at high speed, thereby generating centrifugal force that removes water from the laundry along with dirt. Washing machine is a home appliance used for the laundry purpose. Economic growth in advanced and developing countries has favored the growth of the washing machine market. The use of a washing machine helps to save time and energy required to wash laundry. Product innovations have led to the development of advanced washing machines that increase comfort level and convenience for customers.
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Rubber Processing Oil

An oil composition which has a kinematic viscosity at 100 °C of from 32 to 50 cSt and which contains less than 3%. polynuclear aromatic compounds is employed as a process oil for rubber compounds, especially aromatic rubbers. The process oil is compatible with aromatic rubbers but contains less toxic polynuclear aromatic compounds than conventional aromatic rubber process oil. Rubber products of acceptable quality are produced using the said oil composition. Rubber process oil, both synthetic and natural are commercially used to Produce products from rubber bands to a toy to the giant tires for various vehicles including aircrafts. Rubber Process Oils are used during mixing of rubber compounds. These help in improving the dispersion of fillers and flow characteristics of the compound during further processing. Rubber Process Oil, which is used in the processing of rubber manufacturing and is known for its superior quality. Widely used in various industries, this rubber process oil is safe to use and environment friendly. Rubber materials are wide employed in human life. Rubbers, each artificial and natural are commercially used to manufacture product from rubber bands to a toy to the enormous tyres for varied vehicles together with aircrafts. Most typical usage is especially on tires, automotive provide trade, white product, constructions, textiles and medicine applications. The most parts of rubber compounds are rubber, reinforcing fillers, method oils and oil based mostly softeners. Alternative additives, like stabilizers, antioxidants, processing agents are enclosed in less quantity. The rubber process oil market is projected to grow from USD 1.91 billion in 2018 to USD 2.33 billion by 2023, at a CAGR of 4.1%, from 2018 to 2023. The growth of the rubber process oil market can be attributed to the increased consumption of rubber process oils in the manufacturing of tires. The growing number of automobiles across the globe has contributed to the increasing demand for tires, thereby leading to the growth of the rubber process oil market. The rubber process oil helps in enhancing the flow characteristics of compounds and dispersion of fillers during the processing. Moreover, the main purpose of process oil is improving and enhancing the processing of rubber and rubber compounds, while at the same time increasing the bulk of the rubber in order to reduce the costs. Rubber process oil is used in a broad range of automotive products such as rubber parts of trucks, cars, and motorcycles.
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Strontium Carbonate

Strontium Carbonate is generally immediately available in most volumes. Ultra high purity and high purity compositions improve both optical quality and usefulness as scientific standards. Nanoscale elemental powders and suspensions, as alternative high surface area forms, may be considered. Strontium carbonate (SrCO3) is the carbonate salt of strontium that has the appearance of a white or grey powder. It occurs in nature as the mineral strontianite. Strontium carbonate is a white, odorless, tasteless powder. Being a carbonate, it is a weak base and therefore is reactive with acids. It is otherwise stable and safe to work with. It is practically insoluble in water (1 part in 100,000). Strontium carbonate, whose chemical formula is SrCO3, is a fine, white powder whose properties are similar to those of calcium carbonate (lime). SrCO3 is very little soluble in water; it dissolves in acids, for example in hydrochloric acid, developing carbon dioxide as follows: SrCO3 + 2 HCl -> SrCl2 + H2O + CO2. Strontium is in the group of the alkaline earth metals (2. main group). It is non-toxic just like calcium, which is in the same group. The chemical similarity of strontium and calcium, however, accounts for the fact that the radioactive strontium isotopes that formed during the Chernobyl reactor accident have been able to deposit in the bones to trigger cancer. Strontium carbonate is generally preferred instead of any other compound owing to its low cost and the fact that it is not hygroscopic. Its ability to neutralize acid is also very helpful in pyrotechnics. Growing demand for firecrackers and pyrotechnic activities during concerts, festivals or any sort of celebrations will inevitably augment the strontium market size in the forecast period. Additionally, it is also widely used in making flares and flare guns that has its applications in defense industry globally. Strontium carbonate is the carbonate salt of strontium with chemical formula SrCO3. It appears in the form of white or grey powder. It occurs in the form of strontianite mineral deposits in nature; however, only a few deposits discovered are suitable for development. Even though strontianite would be more useful of the two commonly found minerals (the other being celestine), as strontium carbonate is the largely used compound with a wide variety of applications; it is not available in quantities sufficient to make its recovery practical. The Strontium Carbonate Market is segmented on the basis of the Type and Application. Geographically, the Strontium Carbonate Market has been segmented North America, Europe, APAC and row. Industries are propelling the demand for water softeners for various downstream applications.
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Agar Oil from Black Agarwood

Agarwood, aloeswood or gharuwood is a fragrant dark resinous wood used in incense, perfume, and small carvings. It is formed in the heartwood of aquilaria trees when they become infected with a type of mould (Phialophora parasitica). Prior to infection, the heartwood is odourless, relatively light and pale coloured; however, as the infection progresses, the tree produces a dark aromatic resin, called aloes or agar (not to be confused with the edible, algae-derived agar) as well as gaharu, jinko, oud, or oodh (not to be confused with bukhoor), in response to the attack, which results in a very dense, dark, resin embedded heartwood. Agarwood oil, often referred to as oud oil and eagleswood oil, is a resinous, fragrant and highly valuable heartwood. Agarwood oil is more popularly called as Aloeswood oil. The essential oil is derived from the heartwood of the agarwood tree when they become infected with a type of mould. Post infection, the tree produces a dark aromatic resin, called aloes or agar. There are a number of popular species but typically aquilaria malaccensis, aquilaria agallocha or aquilaria crassna are used to make the oil. Agarwood oil market is segmented on the basis of the end use which includes retail and industrial. The retail segment is further sub-segmented as distribution channel which includes online stores, hypermarkets/supermarkets, specialized drug stores, and convenience stores. The plantation of agarwood has been introduced and re-introduced in countries such as Sri Lanka, Malaysia, etc. which will catalyze the revenue created from the global agarwood essential oil market. Techniques have also been implemented to improve stimulation of agarwood production for enhanced quality of the oil produced which will favor the market growth and expansion.
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Acetone

Acetone (propanone) is the organic compound with the formula (CH3)2CO. It is a colorless, volatile, flammable liquid, and is the simplest and smallest ketone. Acetone is miscible with water and serves as an important solvent in its own right, typically for cleaning purposes in laboratories. Acetone is a powerful solvent that is used primarily in industrial and laboratory settings, but is safe enough for household applications such as removing nail polish. Acetone is currently produced from petrochemicals as a co-product of phenol, however there is a rich history of high purity acetone being made from the fermentation of sugars derived from corn and other agricultural products. Acetone is a colorless, flammable liquid that evaporates easily. It is an organic compound because carbon atoms are present in acetone's chemical formula, which is (CH3)2O. It consists of three carbon atoms, six hydrogen atoms, and one oxygen atom. Acetone falls under the classification of ketones, which are organic compounds containing a carbonyl group bonded to two hydrocarbon groups. The long-term outlook on the demand for acetone market remains positive, with acetone market value expected to increase at a CAGR of 5.0% during the forecast period (2016 – 2026). Acetone, also known as dimethyl ketone, is a colourless, clear, and volatile liquid mainly used as a chemical intermediate in the manufacture of bisphenol-A (BPA), methyl methacrylate (MMA), and aldol chemicals. The global acetone industry is driven by the solvents sector, which represents 34% of global demand. Global solvent demand from acetone will continue to maintain a healthy growth rate through 2022. Methyl methacrylate (MMA) is the second-largest end use for acetone. The acetone market is expected to witness a CAGR of approximately 3.56% during the forecast period, 2018-2023. The market is driven by many factors, such as dynamic economic development in Asia-Pacific and a positive demand for MMA from the electronics industry. Acetone is a derivative of petroleum production and rising crude oil usage across the globe is anticipated to be an important driver for acetone market during the review period. Increasing pharmaceutical production and sales along with rising consumption of medicines is estimated to fuel the growth of the market. Furthermore, rapid urbanization coupled with increasing disposable income in emerging economies is predicted to propel the growth of the market during the assessment period, 2017 to 2023.
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Return: 1.00%Break even: N/A
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Tomato Products Manufacturing Business

Tomato Products Manufacturing Business. Production of Tomato Ketchup, Sauce and Soup. Processing of Tomato Tomato Ketchup Tomato Ketchup word originated from Chinese koechiap meaning ‘brine of fish’, or generally mentioned as ‘spicy sauce’; the word sauce is derived from Latin word salsas that means ‘salted’. Ketchup is originally supposed to have been invented in the seventeenth century and was related to a sauce that contained fish brine, herbs, and spices as main ingredients. Tomato ketchup might be just an additional sauce for foods or a dressing for pasta. As we know, tomato is not only delicious as a fresh fruit but also delicious as sauce and even when it has been processed as tomato ketchup, the taste is still tasty. As part of worldwide culinary ingredients, tomato ketchup could be found in any kitchen around the world. Tomato Sauce Tomato sauces are used in many products including frozen foods, pasta sauces and pizza toppings, etc. A typical tomato sauce would be based on sieved or whole tomatoes, and/or tomato paste. It would also contain water, sugar, vinegar, salt and seasoning. The desired product viscosity would normally be achieved using a starch-based thickener. Tomato sauce is one of the most common sauces made primarily out of tomatoes. It is a product prepared by cooking fresh tomatoes down in to a medium thick sauce, which is strained to remove seeds and peels. Due to its rich flavor, low liquid content, very soft flesh that breaks down easily, and the right composition to thicken up into a sauce when cooked, tomato serves as the best option for preparing the sauce. Different Uses of Tomato Sauce: • It is used in the household along with snacks. • Used in restaurants for coloring and seasoning of foods. • Used by railways and other transportation modes that provides food services. • Street food dwellers. Market Outlook Tomato processing industry is huge. The only ketchup and sauce market in India is pegged at Rs 1,000 crore and growing at around 20% year-on-year. There is a big market for the processed tomato products. The market scenario has revealed a positive indication for the specially packed tomato sauce in local as well as outside market. Rapid urbanization has increased the use of processed tomato products. Tomato ketchup is a widely popular condiment made from tomatoes, vinegar, sweeteners, and salt. The simple yet versatile formulation of tomato ketchup has made it popular in various cuisines, with the growing demand for fast food enabling smooth expansion of the tomato ketchup market. Tomato ketchup is commonly served with fast food items such as sandwiches, burgers, fries, and grilled or fried meat. It is also commonly used as a base for other sauces, since its flavor is popular and agreeable. The ketchup market can be broadly segmented into four major segments, such as product ingredient type, application, distribution channel, and geography. Regarding product ingredient type, ketchup market can be classified into tomato ketchup, mushroom ketchup, mustard ketchup, fruit & nut ketchup, and others. Ketchup is a staple with traditional fast food items, but the agreeable flavor of tomato ketchup has also boosted its use with local fast food items in emerging regions. As a result, leading producers of tomato ketchup have been able to successfully create regional variants of their products based on the cultural preferences and compatibility with the local cuisines. The global tomato ketchup market is primarily driven by the growing demand for fast food across the world. While North America is the prime market for fast food, the growing adoption of the Western culture across the world is leading to significant demand for fast food in Asia Pacific and Latin America, where the market stands to grow rapidly owing to the increasing disposable income of urban consumers. The convenience of fast food means the burgeoning middle class is likely to remain a key consumer demographic for the fast food industry in the coming years, leading to strong growth prospects for the global tomato ketchup market. Due to the widespread prevalence of fast food joints and quick service restaurants in North America and Europe, these two are the leading contributors to the global tomato ketchup market and are likely to retain a dominant share in the coming years. However, the Asia Pacific and Middle East markets for tomato ketchup have exhibited promise in the last few decade, and with many countries in this region steadily climbing the rungs of economic progress, the fast food industry is also growing smoothly in these regions. This is likely to present promising growth prospects for manufacturers of tomato ketchup in the coming years. With an annual growth of over 20% per annum, the demand for tomato sauce is getting huge in India which is expected to rise more in times to come. It can be used along with snacks to coloring and seasoning in restaurants. The eating culture of Indian people has certainly given rise to the use of tomato sauce extensively. The demand of tomato sauce is huge in India. It has got an annual growth of over 20 % per annum. As the tomato sauces come in different kind of uses, that is why the demand is also very high in the market. Tomato Processing Market The global tomato processing market has experienced a healthy growth over the past several years. This can be accredited to the changing lifestyle and increasing spending power of the consumers coupled with the innovative product packaging. Around 80% of the tomatoes produced worldwide are consumed fresh, whereas the remaining 20% are utilized in the tomato processing industry. As an important flavoring ingredient, processed tomato products are extensively used in the food processing industry, fast food joints, hotels, restaurants and households. There are many processed tomato products available in the market. Some of these include - peeled tomato, partially dehydrated tomato, diced tomato, tomato snacks, tomato paste, ketchup, soup, juice, sauce, powder and concentrate. The global market for tomato processing is currently being driven by numerous factors. Rising fast food trends have led to an increase in the global demand for processed tomatoes. Population growth, rising disposable incomes, urbanization, changing dietary patterns, growing fast food industry and rising demand from emerging markets are also broadening the growth aspects of the global tomato processing market. The global tomato processing market reached a volume of around 34 Million Tons in 2016. A number of factors are currently driving the growth of this market. These include changing food habits, rising incomes, urbanisation, emerging markets, growing consumption of fast foods especially by youngsters, etc. Tomato processing in India is still not very significant. Processed tomato products have good export potential, especially in the Middle East. Many units are operating in the small scale sector in the country. Tags #Production_of_Tomato_Products, #Tomato_Sauce_Making_Process, #Tomato_Sauce_Manufacturing_Process_in_India, #Manufacture_of_Tomato_Sauces_and_Ketchup, Preparation of Tomato Ketchup, Tomato Sauce Manufacturing, Tomato Sauce and Ketchup, #Tomato_Processing, #Tomato_Processing_Business_Plan, Tomato Processing Business, Tomato Processing Business Ideas, Tomato Ketchup Manufacturing Business, #How_to_Start_a_Tomato_Product_Business, Tomato Ketchup Business, Production of Tomato Ketchup, Tomato Ketchup Production, Profitable Tomato Processing Business, Start Tomato Ketchup/Sauce Business, Production of Tomato Sauce and Soup, Tomato Sauce & Ketchup, Tomato Products Manufacturing Process, Tomato & Tomato Products Manufacturing, Profitable Tomato Processing Business Opportunities, How ketchup is made? Tomato Processing Plant, Project Report on Tomato Sauce Manufacturing Industry, #Detailed_Project_Report_on_Tomato_Products_Manufacturing, Project Report on Tomato & Tomato Products Manufacturing, Pre-Investment Feasibility Study on Tomato Sauce Manufacturing, Techno-Economic feasibility study on Tomato Products Manufacturing, #Feasibility_report_on_Tomato_&_Tomato_Products_Manufacturing, Free Project Profile on Tomato Sauce Manufacturing Business, #Project_profile_on_Tomato_Sauce_Manufacturing, Download free project profile on Tomato Products Manufacturing, Tomato Sauce Manufacturing Plant, Tomato Processing Business Plan Pdf, Tomato Ketchup Production Business, Tomato Processing Business, How is Tomato Sauce Processed, Tomato Ketchup Process Flow Chart, Tomato Sauce Making Business, Profile on Production of Tomato Sauce & Ketchup, Preparation of Tomato Ketchup, Tomato Sauce Manufacturing Unit, Tomato Sauce Production, Tomatoes and Tomato Products, By-product from Tomato Processing Industry, Tomato & Tomato Products Manufacturing, Tomato Products manufacturing Business
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Phosphoric Acid (Purification) From Crude Phosphoric Acid

Phosphoric acid (also known as orthophosphoric acid or phosphoric (V) acid) is a weak acid with the chemical formula H3PO4. Orthophosphoric acid refers to phosphoric acid, which is the IUPAC name for this compound. The prefix ortho- is used to distinguish the acid from related phosphoric acids, called polyphosphoric acids. Orthophosphoric acid is a non-toxic acid, which, when pure, is a solid at room temperature and pressure. Phosphoric acid, also called orthophosphoric acid, (H3PO4), the most important oxygen acid of phosphorus, used to make phosphate salts for fertilizers. It is also used in dental cements, in the preparation of albumin derivatives, and in the sugar and textile industries. It serves as an acidic, fruitlike flavouring in food products. Phosphorus is an essential plant nutrient and is taken up by plant roots, usually as the dihydrogen phosphate ion, H2PO4-, derived from phosphoric acid, H3PO4. The manufacture of fertilizers that are used to rectify phosphorus deficiencies in soils depends on the availability of supplies of phosphoric acid. Phosphoric acid is an inorganic mineral acid and can be referred to as phosphoric (V) acid or orthophosphoric acid. Orthophosphoric acid molecules combine with themselves to form various compounds which are termed as phosphoric acids. Phosphoric acid is largest in terms of production and consumption value and follows sulfuric acid in terms of volume. Phosphoric acid can be produced by two commercial methods: wet process and thermal process. Wet process phosphoric acid is used in fertilizer production. Thermal process phosphoric acid is of higher purity and it is used in the manufacture of high-grade chemicals, pharmaceuticals, detergents, food products, beverages, and other non-fertilizer products. Phosphoric acid (H3PO4) is the leading inorganic acid produced and consumed in terms of production value and it is the second largest in terms of volume after sulfuric acid. By far its greatest use is in the manufacture of phosphate chemicals consumed primarily as carriers of phosphorus values in fertilizers. Use in the production of animal feeds is of secondary importance. Phosphoric acid is also used in the manufacture of phosphate chemicals for use in water treatment and detergent builders, dentifrices, fire control chemicals, and a host of smaller markets.
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Micronutrients for Crop Production (Solid Form)

Micronutrients are essential elements required by organisms in small quantities throughout life to orchestrate a range of physiological functions to maintain health. Micronutrient requirements differ between organisms; for example, humans and other animals require numerous vitamins and dietary minerals, whereas plants require specific minerals. For human nutrition, micronutrient requirements are in amounts generally less than 100 milligrams per day, whereas macronutrients are required in gram quantities daily. Micronutrients are essential to the production of enzymes, hormones, proteins, and other products created by your body. Some micronutrients have a specialized role, while others fulfill a broad range of functions. Micronutrients are incredibly important for health and wellness. Mineral deficiencies can have lasting, detrimental health consequences in children and adults of all ages. Micronutrients are trace elements such as vitamins and minerals. They differ from macronutrients, like carbohydrates, protein and fat, because they are necessary only in very small amounts. Micronutrients include minerals such as fluoride, selenium, sodium, iodine, copper and zinc, and vitamins such as vitamin A, B, C, D, E, and K. Because our body is not able to produce all vitamins and minerals, it obtains them from the nutrient-rich foods we eat. Global micronutrients market is expected to grow over the forecast period on account of increasing demand from agriculture industry since they significantly improve uniformity and quality in crop yield. Micronutrients deficiency results in yellowing of leaves, withering of buds in crops, health hazards and eventually resulting in crop productivity decline. Micronutrients are utilized by humans and other organisms in micro quantities for various physiological functions. As opposed to macronutrients, micronutrients are required in minute quantities in soil and humans, generally less than 100 milligrams per day. Micronutrients such as copper, iron, zinc, boron are considered as essential micronutrients for plants. As the deficiency of micronutrients can lead to various diseases in plants that may reduce quality and quantity of plants. Increasing preference for Genetically Modified (GM) seeds across the globe is also likely to impact the growth of the global market for agriculture micronutrients. Increasing use of chemical fertilizer is also driving the growth of micronutrients, as it protects crops from insects, UV radiations, and also offer increased yield. The global micronutrients market is expanding due to high demand for quality and uniform yield owing to rising population. Food security is one of the major challenges faced by the global agriculture industry. Depleting arable land is another major concern in most regions. The amount of nutrients in the soil has diminished due to adoption of new technologies and increasing pressure on agricultural land to deliver quality yields.
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Return: 1.00%Break even: N/A
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  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
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