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

Tripura is a state in Northeast India. The third-smallest state in the country, it covers 10,491 km2 (4,051 sq mi) and is bordered by Bangladesh (East Bengal) to the north, south, and west, and the Indian states of Assam and Mizoram to the east. Tripura is a landlocked state in North East India. The state has a tropical savanna climate, designated Aw under the Köppen climate classification. The undulating topography leads to local variations, particularly in the hill ranges. The four main seasons are winter, from December to February; pre-monsoon or summer, from March to April; monsoon, from May to September; and post-monsoon, from October to November.

Tripura's gross state domestic product for 2010–11 was 129.47 billion (US$2.1 billion) at constant price (2004–05), recording 5.71 per cent growth over the previous year. In the same period, the GDP of India was 48778.42 billion (US$790 billion), with a growth rate of 8.55 per cent. Tripura is an agrarian state with more than half of the population dependent on agriculture and allied activities. However, due to hilly terrain and forest cover, only 27 per cent of the land is available for cultivation. Rice, the major crop of the state, is cultivated in 91 per cent of the cropped area.

TOURISM

Tripura has a geographical area of about 10,492 sq. km. almost two-thirds of the state is under hilly terrain and it is surrounded on three sides by the deltaic basin of Bangladesh. The Tripura tribal’s are divided into two groups: Puran Tripuras and Natun Tripuras. The Puran Tripuras are the original inhabitants of the State and constitute a little over 16% of the total and 57% of the tribal population of the State. The Department of Tourism, Govt. of India, under the ministry of Tourism and Culture has been providing liberal financial and technical support for the tourism development in the state based on the projects received from the states. It is quite clear that Tripura has tremendous and quite unique tourism potential. This could be tapped mainly through the concept of Eco-tourism and Heritage tourism. Nature / wildlife tourism, adventure tourism, rural tourism, leisure tourism, pilgrimage tourism, international border tourism could be some special tourist packages. The Tourism Development in the Northeast region will depend on integrated approach, involving various government departments, private entrepreneurs, voluntary organizations and local community. This approach will also help in evolving local people’s perception towards tourism development as a strong tool for socio-economic up liftment.

INDUSTRIAL SECTOR

The State Government offers a package of incentives for setting up of industrial units, which is comparable to other states. Besides, the special incentive package i.e. North East Industrial and Investment Promotion Policy (NEIIP) declared by the Government of India for the North East Region is available to industrial units.

State Package of Incentives under Tripura Industrial Investment Promotion Incentive Scheme-

•                    Capital Investment Subsidy @ 30% and additional subsidy @ 2.5% for enterprises of ST, SC, & women individuals on Fixed Capital Investment.

•                    Full Reimbursement of Standard Certification Fees /Charges / other expenses on account of obtaining a standard Certification.

•                    Provides State Transport Subsidy for covering the portion for which Central Transport Subsidy is not available

•                    85% Exemption from the payment of Earnest Money and Security Deposits on tenders floated by State Govt. Department / Agencies.

Incentives declared by Central Government:

•                    Exemption of Excise Duty on finished products.

•                    Central Transport Subsidy.

•                    Income Tax Benefit.

•                    Capital Investment Subsidy.

•                    Comprehensive Insurance Scheme for insurance coverage. Subsidies to service sector, bio-technology and power generating industries.

INVESTMENT OPPORTUNITIES

Tripura offers an investor-friendly environment. The Government welcomes investments into the State, from both domestic and foreign investors.

•        Natural gas

Tripura has vast reserves of natural gas in non-associate form. The gas is of high quality, with high methane content of up to 97%. The availability of superior quality natural gas, at concessional price, offers a great opportunity to prospective investors, to set up gas-based industrial units, using natural gas

•        Information Technology (IT)

Tripura has been considered the second best IT destination in the North East. IT sector (including IT-enabled services) has been identified as one of the major potential growth sectors by the state. The high literacy rate of the State provides additional advantage for development of the sector.

•        Food Processing

The State government has identified food processing as a major thrust area. There is a vast potential for setting up of food processing units in the State. The agro-climatic conditions in Tripura are ideally suited for production of a large variety of horticultural crops.

•        Handicrafts

From time immemorial, Tripura has carved out a name for itself in the field of handicrafts. The gifted artisans produce wonderful objects of crafts from simple material like cane, bamboo and wood.

•        Tourism

Tripura is an attractive tourist destination. The state has a rich cultural heritage. There are number of historical Hindu and Buddhist sites.


INDUSTRIAL POLICY

•        To improve Basic as well Industrial Infrastructure.

•        Industrial Growth by attracting Private Investment.

•        To improve investment climate towards better regulation by removing barriers to competition.

•        Creation of hassle-free and congenial investment climate.

•        To bring significant increase in the State Domestic Product.

•        Widening of resources base of the state.

•        Development of connectivity (Internal road, railways and air & telecom).

•        Better social infrastructure Enabling Entrepreneurship -building capacities through entrepreneurial and technical skills, training and promotion of self-employment.

 THRUST AREAS

•        Natural Gas

•        Food Processing

•        Rubber

•        Tea

•        Handicraft

•        Bamboo

•        Handloom

•        Tourism

•        Information Technology

•        Education

  •           Healthcare

The Department of Industries & Commerce was established to promote Village and Small-scale industries as well as medium and large scale industries in the State. While efforts are being made to promote entrepreneurship within the State, the outside investors in the public and private sectors are also encouraged both for their financial capabilities and technical expertise, for the medium and large-scale units. The major existing industrial area is the Industrial Growth Centre Complex at Bodhjungnagar which also includes Food Park, Rubber Park and Export Promotion Industrial Park. The other industrial sites near Agartala as the main business and industrial centres are Dukli, Arundhatinagar and Badharghat. The mineral resources are minor amounts of glass sands, limestone, plastic clay and hard rock and all of these materials are being used in varying degrees. Setting up of ceramic tiles unit and other mineral based industries are being encouraged in the private sector.

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We can modify the project capacity and project cost as per your requirement.
We can also prepare project report on any subject as per your requirement.

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Adhesive Based on Epoxy Resin (2 Pack)-Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

The adhesive industry has seen significant changes in recent years. The type and number of these changes have been astounding. They include new substrate materials, regulatory burdens, acquisitions and mergers, new raw materials, new application and curing processes, and a host of volatile technical, commercial, and political issues. Epoxy technology gives the formulator an almost unlimited number of tools to employ. The type of epoxy polymer backbone, curative, resinous modifiers, and special additives or fillers all serve as degrees of freedom available in developing an adhesive system for a given application.Epoxy adhesives are chemical compounds used to join components by providing a bond between two surfaces. They are high-performance thermosetting resins, which display a unique combination of properties. Epoxy resins have been commercially available for almost a half-century and are arguably one of the most versatile polymers with uses across an enormously wide variety of industries. Adhesive markets represent only a small percentage of the total consumption of epoxy resins. However, epoxy adhesives provide significant value added, so that their prices and profit margins are generally higher than those for other adhesive types. Epoxy adhesives represent a significant part of the overall structural adhesives market (about $1.8 billion). The main competitors to epoxy adhesives are polyurethanes; however, thermosetting acrylics and cyanoacrylate adhesives are also strong challengers in certain market segments.Although the overall annual growth rate for epoxy adhesive is in the 3 to 5 percent range, certain regional markets.Thus, due to demand it is a good project for entrepreneurs to invest. Few Indian Major Players are as under • 3M India Ltd. • Aditya Birla Chemicals (India) Ltd. • Atul Ltd. • HindusthanSpeciality Chemicals Ltd. • SamvardhanaMothersonNippisun Technology Ltd.
Plant capacity: Pure Epoxy Resin with Curing Agent : 9000000 Kgs/AnnumPlant & machinery: Rs 162 lakhs
Working capital: -T.C.I: Cost of Project: Rs 698 lakhs
Return: 32.00%Break even: 60.00%
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Aluminium Wire & Cables - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

Wire means Solid conductor or Insulated conductor which has strength and with cover or without cover and Cable means Insulated conductor (Solid or Strended) or two more than insulated conductor are kept together in insulated layer. These are made out of high strength Aluminium-Magnesium-Silicon alloy. As compared to conventional ACSR, AAAC are of lighter weight, comparable strength & current carrying capacity, lower electrical losses and superior corrosion resistance. This has given AAAC a wide acceptance in the distribution and transmission lines. This conductor has a minimum conductivity of 52.5% IACS. The conductor made from aluminium alloys is suitable in urban areas as they provide better tensile strength and conductivity.AAAC exhibits excellent corrosion resistance especially in coastal and polluted industrial areas due to absence of steel core. The wires and cables market in India comprises nearly 40% of the electrical industry.As aluminium is set for the largest annual demand increase among industrial metals with copper replacement in wire and cables as one of the key drivers, the low-cost metal is expected to replace at least 20 percent of copper usage in the near-term.According to industry experts, it is expected to double in size in the next five years. The market is growing at a CAGR of 15% as a result of growth in the power and infrastructure segments.As a whole there is a good scope for new entrepreneur with manufacturing of good quality of product. Few Indian Major Players are as under • Anamika Conductors Pvt. Ltd. • Arfin India Ltd. • Bindawala Cables & Conductors Ltd. • Hind AluminiumInds. Ltd. • Lumino Industries Ltd. • Sun Industries Ltd. • TirupatiAluminium Ltd. • Vedanta Ltd.
Plant capacity: Aluminium Wire (AAAC) Conductor: 900 MT/Annum Aluminium Wire (ACSR) Conductor: 400 MT/Annum Aluminium Cables: 450MT/AnnumPlant & machinery: Rs 314 lakhs
Working capital: -T.C.I: Cost of Project : Rs 579 lakhs
Return: 28.00%Break even: 62.00%
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NAMKEEN (DALMOTTH, BHUJIA, CHANA CHUR, KHATTA MEETHA)- Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study

Dal Moth, Chanachur,Bhujia and khattameetha are the important names signifying flavour and taste as processed foods. These are food products having no historical background but have established popularity in the market over many years. Dal moth, Chanachur or Bhujia are not only pupular in India but of late has become widely pupular in other countries thus making it an important export item. The main raw materials for these products are Gram, pluses & spices. The various food additives &colours may be used to provide sophistications in the products. The raw material is frequency available in India.These products impart flavor and aroma, they have been widely used during breakfast and festive occasions. These are also used in the appetizing and digestive purposes with a medicinal value.Packaging of the product is also taken a great role of preservation, acceptance the consumer. Eatables have always been in great demand and will continue to be. Middle-East and South Asian countries are chief importers of these items. It is expected that exports will increase sharply in recent future. The domestic market is also quite big. The domestic demand has been observed to be directly dependent upon the population of the country. The demand has increased with increase in population. Thus, due to demand it is a good project for entrepreneurs to invest. Few Indian Major Players are as under • Bikanervala Foods Pvt. Ltd. • ChhappanBhog • Kipps Confectioners Pvt. Ltd. • Haldiram’s
Plant capacity: 300 Tonn/AnnumPlant & machinery: Rs 8 lakhs
Working capital: -T.C.I: Cost of Project: Rs 81lakhs
Return: 28.00%Break even: 62.00%
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E-Waste Recycling Plant

Electronic wastes, e-waste, e-scrap, or Waste Electrical and Electronic Equipment (WEEE) is a description of surplus, obsolete, broken or discarded electrical or electronic devices.The perception of e-waste is often restricted to a narrower sense, comprising mainly of end-of-life information- & telecommunication equipment and consumer electronics. However, technically, electronic waste is only a subset of WEEE (Waste Electrical and Electronic Equipment). The rising levels of e-waste generation in India have been a matter of concern in recent years. With more than 100 crore mobile phones in circulation, nearly 25 per cent end up in e-waste annually.India has surely emerged as the second largest mobile market with 1.03 billion subscribers, but also the fifth largest producer of e-waste in the world, discarding roughly 18.5 lakh metric tonnes of electronic waste each year, with telecom equipment alone accounting for 12 per cent of the e-waste A range of techniques is currently applied for retrieving components and materials from WEEE. The essential features of these systems generally conform to a scheme of: sorting/disassembly; size reduction; separation.In addition, the new product launches with updated features and additional services are attracting the customers to upgrade their old products with new products. This has reduced the life span of these devices to about 3-4 years. Thus, this is adding more and more e-waste at a tremendous rate.This is ultimately leading to increased activities for managing e-waste, which would create conducive environment for e-waste management in the coming years.Thus, due to demand it is a good project for entrepreneurs to invest. Few Indian Major Players are as under • M/s Ramky E- Waste Recycling • ECS Environment Ltd • Pruthavi E-Recycle Pvt. Ltd. • M/s. A2Z E-Waste Management ltd., • M/s. R. K. Enterprises (P) Ltd., • M/s. TES-AMM Indian Pvt. Ltd., • M/s Greenscape Eco Management Pvt • TES AMM Private Limited
Plant capacity: Copper Wire: 500mt/annum Plastic Granules: 2230mt/annum Glass: 970mt/annum Ferrous Metal: 800mt/annum Monitors (Repair): 3000mt/annumPlant & machinery: Rs 132 lakhs
Working capital: -T.C.I: Cost of Project: Rs 518 lakhs
Return: 27.00%Break even: 54.00%
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Cotton Seed Delinting, Crushing and Refining of Oil

Cotton is considered as the white gold and king of fibrecrops.It is one of the most important commercial crops of India and is the single largest natural source of fibre. It plays a dominant role in its agrarian and industrial economy as the backbone of textile industry, which consumes 70% of the country's total fibre produced. Cottonseed contains hull and kernel. The hull produces fibre and linters. The kernel contains oil, protein, carbohydrate and other constituents such as vitamins, minerals, lecithin, sterols etc. Cottonseed oil is extracted from cottonseed kernel. Cottonseed oil, also termed as"Heart Oil" is among the most unsaturated edible oils. It need not be as fully hydrogenated formany a cooking purposes as is required in case of some of the more polyunsaturated oils. According to analysts, cottonseed oil is cheaper than most other edible oils, and is gaining in popularity in the Indian market, promising better returns to those in the trade and at the same time benefitting consumers. MadanMangla, owner of Mangla Oil mills said, "There has been a significant jump in the demand in the last five years. So, not only have existing processors expanded capacity, but many new players have also been attracted. Five years ago there were around 10-12 players processing around 40-50 tonnes per day. Now, there are over 30 players processing about 100 tonnes per day. As a whole it is a good project for new entrepreneurs to invest. Few Indian Major Players are as under • A G Oils Pvt. Ltd. • Akash Agro Inds. Ltd. • Growmore Solvent Ltd. • Morvi Vegetable Products Ltd. • Poshak Oils & Fats Ltd. • Vijay Agro Products Pvt. Ltd. • Vimal Oil & Foods Ltd.
Plant capacity: Refined Cotton Seed Oil : 27000mt/annum Linter: 8100mt/annum DOC: 33750mt/annum Hulls: 40500mt/annum Soap Stock: 21600mt/annum Acid OilPlant & machinery: Rs 1474 lakhs
Working capital: -T.C.I: Cost of Project: Rs 3024 lakhs
Return: 29.00%Break even: 50.00%
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Wood Plastic Composite(WPC)

Wood-plastic composites (WPCs) are a product class that has been developing over the last 40 years resulting in increased applications and expanded market share.More specifically, WPCs are composites containing a wood component in particleform (wood particles/wood flour) and a polymer matrix. They are used in a varietyof structural and non-structural applications ranging from component and product prototyping to outdoor decking. Wood plastic composites (WPCs) are roughly 50:50 mixtures of thermoplastic polymers and small wood particles. The wood and thermoplastics are usually compounded above the melting temperature of the thermoplastic polymers and then further processed to make various WPC products. WPC can be manufactured in a variety of colors, shapes and sizes, and with different surface textures. Depending on the processing method, WPCs can be formed into almost any shape and thus are used for a wide variety of applications, including windows, door frames, interior panels in cars, railings, fences, landscaping timbers, cladding and siding, park benches, molding and furniture. This industry segment has grown in double digit percentages annually for the past decade.The wood plastic composite market is projected to grow from $ 2579.90 million in last year to $4,601.7 million by 2019, with a CAGR of 12.2%. Polyethylene is the single-largest segment, holding 56.6% share of the global wood plastic composite market in last year and is projected to grow with a CAGR of 12.0% in 2019.Thus, due to demand it is a good project for entrepreneurs to invest. Few Indian Major Players are as under • ECOSTE (A Venture of ASMA TRAEXIM PVT. LTD.) • RAJPRIYA REALTY SERVICES PVT. LTD. • Umiya Carbon Pvt. Ltd. • ALSTONE • Kmb Extrusion Pvt. Ltd.
Plant capacity: 4800000 sq.ft.Plant & machinery: Rs 146 lakhs
Working capital: -T.C.I: Cost of Project: Rs 476 lakhs
Return: 26.00%Break even: 51.00%
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Super Speciality Hospital

The Indian healthcare industry is divided into two segments - services and manufacturing. While the manufacturing segment consists of medical equipment manufacturing industry and pharma production, the services segment is basically split into direct services and indirect services. Hospitals, health insurance services and R&D services are considered as direct services, while third party insurance, claims settlement services and others, constitute the indirect services. The growth in the healthcare services in the country is primarily driven by the 350 million strong middle class people aspiring for quality healthcare services, thus increasing international confidence on India as a potential, high quality and low cost medical tourism destination. According to the WHO report, India needs to add 80,000 hospital beds each year for the next five years to meet the demandsof its growing population. High quality talent pool, proven track record, favorable government policies, ability todeliver healthcare services at low cost and high quality infrastructure has put India on the global map for outsourcing various healthcare related services. This has been further intensified by Government of India’s recent budget declarations, where enough emphasis has been given on setting up of healthcare delivery infrastructure mainly in Tier – I & Tier – II cities. Thus, as an entrepreneur this project offers an exciting opportunity to you. Few Indian Major Players are as under • Adani Hospitals Mundra Pvt. Ltd. • Apollo Hospitals Enterprise Ltd. • Breach Candy Hospital Trust • Crosslay Remedies Ltd. • Fortis Hospitals Ltd. • Goodwill Hospital & Research Centre Ltd. • Hiranandani Health Care Pvt. Ltd. • Metro Medical Services Ltd. • Rockland Hospitals Ltd. • Omega Healthcare Mgmt. Services Pvt. Ltd.
Plant capacity: Gereral Ward Room: 23400 patients/annum Double Bed Room: 27000 patients/annum Single Bed Room: 9000 patients/annum O.P.D.: 25200 patients/annum Operated Patients: 1080 patients/annum Emergency Patients : 14400 patients/annum X-Ray: 18000 patients/annum Plant & machinery: Rs 5289 lakhs
Working capital: -T.C.I: Cost of Project: Rs 29196 lakhs
Return: 2.69%Break even: 23.00%
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Corrugated Cardboard Boxes Manufacturing Unit with Printing

Packing, in a way represents the extent of industrialization of a country. Packaging has been assuming importance in the context of growth of industries in general and consumer industries in particular.Among the packaging materials, paper and paper based products continue to occupy a predominant place.Corrugated boxes form an integral part of the packaging industry. These are found everywhere helping people shift both domestic as well as industrial items safely from one place to the other. A corrugated box is quite strong and can withstand huge weights. These boxes are especially made of cardboard. Also there are partitions which basically protect items inside and hold them in place so as to avoid damage. Rapid industrialization, particularly in emerging economies such as China, Brazil and India, is expected to increase trade activities in this region, thus, subsequently driving the demand for corrugated boxes market. In addition, growth of the electronics and automotive sectors is expected to boost the growth of the corrugated boxes market over the next few years, as these boxes provide protection to the various delicate parts of these equipments.Becauseoftheaforesaidqualities,thedemandforpackinginCorrugatedFibre Board is rapidly growing. The recent survey has revealed that 80% to 85% packing is now being done through corrugated fibre Board.As a whole it is a good project for new entrepreneurs to invest. Few Indian Major Players are as under • Adorn Enterprises Ltd. • Brown Kraft Inds. Ltd. • Deccan Polypacks Ltd. • Grand Packaging India Pvt. Ltd. • Nec Packaging Ltd. • Wadpack Pvt. Ltd. • K C L Ltd.
Plant capacity: Corrugated Cardboard Boxes: 12000mt/annum Printed Corrugated Cardboard Boxes: 6000mt/annumPlant & machinery: Rs 3545 lakhs
Working capital: -T.C.I: Cost of Project: Rs 5726 lakhs
Return: 25.00%Break even: 41.00%
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Wood Plastic Composite (WPC)

Wood-plastic composites (WPCs) are a product class that has been developing over the last 40 years resulting in increased applications and expanded market share.More specifically, WPCs are composites containing a wood component in particleform (wood particles/wood flour) and a polymer matrix. They are used in a varietyof structural and non-structural applications ranging from component and product prototyping to outdoor decking. Wood plastic composites (WPCs) are roughly 50:50 mixtures of thermoplastic polymers and small wood particles. The wood and thermoplastics are usually compounded above the melting temperature of the thermoplastic polymers and then further processed to make various WPC products. WPC can be manufactured in a variety of colors, shapes and sizes, and with different surface textures. Depending on the processing method, WPCs can be formed into almost any shape and thus are used for a wide variety of applications, including windows, door frames, interior panels in cars, railings, fences, landscaping timbers, cladding and siding, park benches, molding and furniture. This industry segment has grown in double digit percentages annually for the past decade.The wood plastic composite market is projected to grow from $ 2579.90 million in last year to $4,601.7 million by 2019, with a CAGR of 12.2%. Polyethylene is the single-largest segment, holding 56.6% share of the global wood plastic composite market in last year and is projected to grow with a CAGR of 12.0% in 2019.Thus, due to demand it is a good project for entrepreneurs to invest. Few Indian Major Players are as under • ECOSTE (A Venture of ASMA TRAEXIM PVT. LTD.) • RAJPRIYA REALTY SERVICES PVT. LTD. • Umiya Carbon Pvt. Ltd. • ALSTONE • Kmb Extrusion Pvt. Ltd.
Plant capacity: 4800000 sq.ft.Plant & machinery: Rs 146 lakhs
Working capital: -T.C.I: Cost of Project: Rs 391 lakhs
Return: 27.00%Break even: 56.00%
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Pectin from Citrus, Lemon and Oranges

Pectin is a naturally occurring substance (a polysaccaride) found in all plant tissue, calcium pectin being present between the cell walls and serving as a strengthening or building agent. Fruits naturally possessing relatively large amount of pectin include lemons, bitter oranges, apples, quinces, currants and plums.The main use for pectin (vegetable agglutinate) is as a gelling agent, thickening agent and stabilizer in food. The classical application is giving the jelly-like consistency to jams or marmalades, which would otherwise be sweet juices. Market for pectin has been witnessing significant growth on account of rising demand for food products from developed as well as developing economies. The industry has been mature in developed regions such Europe, followed by North America. However, the industry for pectin is anticipated to grow rapidly in emerging economies such as China and India owing to change in lifestyle of the individuals as well as changing consumer preferences for convenience foods. Moreover, economic development in China has resulted in increasing purchase power of consumers, leading to increasing demand for high-quality processed foods. Although the industry for pectin is rapidly growing driven by rising demand for processed and convenience foods, growing preference towards functional foods from various health conscious consumers have also played a key role in the growth of the market. As a whole it is a good project for new entrepreneurs to invest. Few Indian Major Players are as under • Krishna pectinspvt. Ltd. • Akshar Exim Company Private Limited • DevsonImpex Private Limited • Gujarat General Food Chem Pvt. Ltd. • Asha Ram & Sons Private Limited
Plant capacity: Pectin: 150,000Kgs/annumPlant & machinery: Rs 1289 lakhs
Working capital: -T.C.I: Cost of Project: Rs 1660 lakhs
Return: 23.00%Break even: 44.00%
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Information
  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.

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