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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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PUFFED RICE (Muri)

Puffed Rice is a commonly consumed commodity as a pastime snack. It can be used in combination with nuts such as groundnut or roasted and salted cashews; with fried gram; with Jaggery and coconut gratings, or dusted with salt and spices after enrobing with oil. Since the product is easily digested and assimilated, it finds a wide acceptance among a cross section of the households. It is a versatile product with an excellent market potential. Today the snack food is one of the most important areas of the food industry. Designing snack foods today can be a complex process to meet changing consumers taste and expectations and elusive search for something unique that also appeals to a wide variety of people. Puffed rice is an ingredient of bhelpuri, a popular Indian chaat (snack). It is offered to Hindu gods and goddesses in all poojas in the South Indian states of Kerala and Tamil Nadu. Pilgrims of Sabarimala often pack puffed rice in their Irumudikettu along with jaggery meant to be offered to Lord Ayyappan. Tamil saints say that Lord Ganesh loves pori, so it should be offered to him without fail. As a whole it is a good project for entrepreneurs to invest. Few Indian Major Players are as under • Ashok Pauwa Factory • Jhaveri Organic Farm • Parampara Organic • Rajat Agro Industries • Koner Food Product
Plant capacity: Puffed Rice (Muri):1200 MT/annumPlant & machinery: Rs 6 lakhs
Working capital: -T.C.I: Cost of Project: Rs 28 lakhs
Return: 29.00%Break even: 74.00%
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Razor Blade

Blade manufacture is an important industry in several of the industrially advanced countries of the world. Carbon steel blades made from high carbon steels, containing about 1.2% Carbon, have been used in safety razors since with their introduction. However, lately these are being largely replaced by stainless steel blades because of their superior performance in regard to having comfort and durability. The property requirement of the steel for use in the manufacture of safety razor blades are high hardness, corrosion resistance and amenability to a coating process by a suitable polymer.Safety razor blades currently are produced in large scale sector only. There are many types of blades in the market, for e.g. Single double edge, sandwiched and daily consumption, the industry provides good scope for investment. The razor blades are mostly being manufactured by the foreign firms in India, although Indian firms are also in the field but their product is not up to the mark. Therefore, high quality razor blades have ample scope in Indian market. The demand for men's grooming market has seen a rise in the last few years because of increased consciousness of their looks among the male customer. Also as more than 50% of the population is under the age group of 30, the industry has huge local market.Thus, due to demand it is a good project for entrepreneurs to invest. Few Indian Major Players are as under • Everkeen Blade Co. Ltd • Gillette India Ltd. • HarbansLal Malhotra & Sons Pvt. Ltd. • Laser Shaving Products Pvt. Ltd. • R C C (Sales) Pvt. Ltd. • Radiohms Agencies Ltd. • Sharpedge Ltd. • Supermax Personal Care Pvt. Ltd.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Liquor from Mahua (Wine and Hard Liquor)

Mahualongifolia is an Indian tropical tree found largely in the central and north Indian plains and forests. It is commonly known as mahua, mahwa or Iluppai. The flowers of the tree, which have a unique fragrance, are used to produce alcohol and provide livelihood to thousands of people. There are various types of alcoholic beverages and the concentration of ethanol differs across preparation. Alcoholic drinks prepared by using yeast to ferment various sugar containing plant products usually have a low concentration as yeast ceases to grow when the concentration of ethanol reaches about 15 percent. Stronger liquors, on the other hand, are prepared through distillation. The chemical composition of wine is complex. A typical wine contains more than 300 components in addition to alcohol, often including minerals and vitamins not found in other fermented beverages.Alcohol concentrations may vary from 10% to 14% for table wines and up to 20% for certain aperitifs. While the prevalent alcohol is ethanol, glycerol and more than a dozen other alcohols have been isolated from wines. The market is being driven by domestic consumption rather than exports. Domestic sales of wine grew by 20% in 2015. Wine is largely consumed by the urban population in India and close to 80% of the wine consumption comes from the metro cities including Delhi, Mumbai, Chennai and Kolkata.As a whole it is a good project for new entrepreneurs to invest. Few Indian Major Players are as under: • Charosa Wineries Ltd. • Four Seasons Wines Ltd. • Grover Zampa Vineyards Ltd. • Hyderabad Distilleries & Wineries Ltd. • Indage Vintners Ltd. • Jagatjit Industries Ltd. • N D Wines Pvt. Ltd.
Plant capacity: Wine (750 ml Size):4,000,000 Bottles/annum Whiskey (375 ml Size):4,000,000 Bottles/annum Brandy (375 ml Size):4,000,000 Bottles/annumPlant & machinery: Rs 524 lakhs
Working capital: -T.C.I: Cost of Project: Rs 3019 lakhs
Return: 27.00%Break even: 40.00%
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LED Street Light Assembling

The key strength of LED lighting is reduced power consumption. LED’s are available with at the most Lumen efficiency of 110 Lum/Watt compared to 65-80 Lum/Watt of CFL and FTL, 45 Lum/Watt of Mercury vapour and 75 Lum/Watt of metal halide or 94 Lum/Watt of Sodium Vapour. The operational life of current white LED lamps is 50,000-80,000 burning hours as compared to 5000-10000 hrs of CFL and FLT, 18000 hrs of T5 lamp, 5000 hrs of Mercury vapour, 8000 hrs of Metal halide and 8000 hrs HPSV lamp.While LEDs have the advantage over fluorescent lamps that they do not contain mercury, they may contain other hazardous metals such as lead and arsenic. Lighting in India consumes 18% of overall power whereas in developed countries it is between 10 and 12%. Of the 18%, GLS consumes 65% of lighting.With the use of CFL lamps, upto 80% power used by GSL lamps can be saved. The market size of organized GLS lamps, in India is about 650 mn units, while that for energy efficient CFLs is 52 mn units, thus making penetration of CFL over 9% of GLS.The market size of Indian LED industry may touch Rs 21,600 crore by 2020 on the back of government's decision to switch to LED for all street lamps and public space lighting, an industry official said.As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian Major Players are as under: • Aver Software Technologies Ltd. • Bajaj Electricals Ltd. • Fiem Industries Ltd. • Goldwyn Ltd. • Havells India Ltd. • I QInfotech Ltd. • M I C Electronics Ltd. • Philips India Ltd. • Sanco Industries Ltd.
Plant capacity: :132,000 Pcs/annumPlant & machinery: Rs 18 lakhs
Working capital: -T.C.I: Cost of Project: Rs 129 lakhs
Return: 28.00%Break even: 73.00%
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Mustard Oil

Mustard/Rapeseed oil is the third largest edible oil produced in the world after Soy oil and Palm oil. At a production level of 13-14 million tons, it accounts for about 12% of the total World's edible oil production. India is estimated to have a total mustard seed output of 5 million ton while oil is around 1.3 million tons. The country also generates 2.4 million tons of oil cake. India is self-sufficient in mustard seed and oil as import and export of the commodity is almost non-existent. Mustard oil is consumed wholly in the domestic market. The demand for the consumption of mustard/rape seed comes mainly from eastern and northern areas of the country. The arrival of this crop in the markets is in its peak period during March to May. The major centers of consumption of its oil are Kolkata, Bihar, Jharkhand and the northeastern areas like Assam, Tripura, Sikkim etc. Two forms of mustard oil are traded in the Indian market namely KacchiGhani and PakkiGhani (expeller oil). The world production of rapeseed-mustard has been increasing at rapid rate in several countries largely in response to the continuing increase in demand for edible oils and its products. With global production touching 14-15 million tonne, it accounts for about 15 per cent of the world's total edible oil production and 30-35 per cent of India’s total edible oil production. As a whole it is a good project for new entrepreneurs to invest. Few Indian Major Players are as under: • Aditi Health Oils Pvt. Ltd. • Ambuja Agro Inds. Ltd. • Asha Agro Inds. Ltd. • B L Agro Oils Ltd. • B P Oil Mills Ltd. • Bansal Oil Mill Ltd. • Bhakra Industries Ltd. • Budge Budge Refineries Ltd.
Plant capacity: Mustard Oil:3000 MT/annum Deoiled cake:5,700 MT/annumPlant & machinery: Rs 83 lakhs
Working capital: -T.C.I: Cost of Project: Rs 373 lakhs
Return: 27.00%Break even: 60.00%
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Surgical Cotton

Surgical cotton is also known as absorbent cotton” or “cotton wool”. Surgical/Absorbent cotton is cleared de-oiled and bleached cotton packed in different sizes. Since Surgical/Absorbent cotton is a material which comes in direct contact with the human body, its quality is very important and should satisfy the required pharmaceutical parameters. The fiber of Surgical/Absorbent cotton is very elastic. It consists of 98%-99.5% of cellulose which has a diameter of 16.30 and a length of 12-40 mm. Today, India produces the widest range of cotton; perhaps no other cotton producing country in the world has this distinction.Progressive increase in health amenities offered by Government and coming up of new hospitals and health care centres in private sector even at small towns are contributing to the growth of absorbent cotton industry. The demand for absorbent cotton is directly related with the development and expansion of health facilities in the country. The Federal and Regional Governments have given high attention for expansion of health facilities to increase the coverage. Hence, considering the population growth and the high attention given by the Federal and Regional Governments, the demand for absorbent cotton is assumed to grow by 10%, annually.As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian Major Players are as under: • JajooSurgicals Pvt. Ltd. • Mohini Fibers Limited • Pradeep Surgical Dressings Pvt. Ltd. • Medicare Healthcare Product • Bafna Healthcare Pvt. Ltd. • BVM Meditech Private Limited • Patco Exports Pvt. Ltd. • Spartan Surgicals Pvt. Ltd. • Sri Sambasiva Cotton Private Limited • Saket Cottons Private Limited
Plant capacity: Surgical Cotton :300,000kgs/annumPlant & machinery: Rs 69 lakhs
Working capital: -T.C.I: Cost of Project: Rs 238 lakhs
Return: 26.00%Break even: 57.00%
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Multiblade Safety Razor

A safety razor is a shaving implement with a protective device positioned between the edge of the blade and the skin. The initial purpose of these protective devices was to reduce the level of skill needed for injury-free shaving, thereby reducing the reliance on professional barbers.Plastic disposable razors and razors with replaceable blade attachments are in common use today. Razors commonly include one to five cutting edges, but sometimes up to seven edges. The differences between this razor and the others are basically comfort, steadiness and feel.Safety razor blades currently are produced in large scale sector only. There are many types of blades in the market, for e.g. Single double edge, sandwiched and daily consumption, the industry provides good scope for investment. The razor blades are mostly being manufactured by the foreign firms in India, although Indian firms are also in the field but their product is not up to the mark. Therefore, high quality razor blades have ample scope in Indian market.Thus due to demand it is a good opportunity for entrepreneurs to invest. Few Indian Major Players are as under: • Everkeen Blade Co. Ltd • Gillette India Ltd. • HarbansLal Malhotra & Sons Pvt. Ltd. • Laser Shaving Products Pvt. Ltd. • R C C (Sales) Pvt. Ltd. • Radiohms Agencies Ltd. • Sharpedge Ltd. • Supermax Personal Care Pvt. Ltd.
Plant capacity: Multiblade Safety Razor (2 Blade): 86,400,000 Nos/annumPlant & machinery: Rs 313 lakhs
Working capital: -T.C.I: Cost of Project : Rs 826 lakhs
Return: 30.00%Break even: 60.00%
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Activated Carbon from Coconut Shell

Activated carbon in any form of carbon shows high absorptivity for gases, vapours and colloidal solids in either the gas ion or liquid phase. It is available in many forms such as pellets, granules and in powder form. Activated carbon is very important chemical has wide application and employed by numerous industries which require absorption of certain gases and vapours in purification, in catalytic chemical reactions, decolorisation of vegetable oil and sugar solutions. Activated carbons have a large surface area, liquid phase or decolorising carbons are generally light, fluffy powder that exhibits surface areas of about 300 m2/g. while gas or vapour phase carbons are hard granules or formed pellets that exhibit surface areas from 800 m2 /g to 1200 m2/g. Activated Carbon Market is expected to garner 2,776 kilo tons and $5,129 million in coming years. Activated carbon is processed carbon with small, low-volume pores to increase surface area for chemical reactions and adsorption. Organic material with high carbon content is processed to manufacture activated carbon. Rising awareness and government support in the recycling of waste water are expected to benefit the growth of this segment over the next eight years. This activated carbon gives the result in lesser cost and hence is preferred over other forms of the product. Thus, due to demand it is a good project for entrepreneurs to invest. Few Indian Major Players are as under • Active Char Products Pvt. Ltd. • Adsorbent Carbons Ltd. • Aquanomics Systems Ltd. • Core Carbons Pvt. Ltd. • Genuine Shell Carb Pvt. Ltd. • Indo German Carbons Ltd. • Kalpaka Chemicals Pvt. Ltd. • Kan Carbon Pvt. Ltd. • Triton Laboratories Ltd.
Plant capacity: Activated Carbon :900 MT/annum Bio-Oil by Product:1,140 MT/annumPlant & machinery: Rs 129 lakhs
Working capital: -T.C.I: Cost of Project: Rs 283 lakhs
Return: 25.00%Break even: 59.00%
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Disposable Products (Thermocol Plate, Dona, Thali and Glass, Paper Coffee and Pepsi Glass, Silver Coated Dona, Plates and Spoons, Plastic Glass and Spoon, Tissue Paper)

Disposable cups, glasses, plates and spoons are used in daily life nowadays. In addition to be used at home these are largely used during at parties and other functions.The use of disposable items is increasing day by day because of better hygienic conditions, low cost, easy usability and impressive appearance. Plastic cups are largely used for tea, juices, coffee and other purposes.The tissues paper sector has boomed over the last few years. With a move to more luxurious tissue paper and ultra-absorbent paper towels the industry has been able to increase the tissue prices and create new brands to retain consumers. Pointing on disposable items is also quite easy and cheaper. The technology and machines are available in India and the cost is also less. This makes the disposable items more competitive and helps in increasing its market. The global foodservice disposables market is experiencing rapid growth, linked to growing online food ordering and home delivery services. Increasing consumer concern regarding hygiene is the most important factor driving the growth of the disposable food containers industry. Thus, as an entrepreneur this project offers an exciting opportunity to you. Few Indian Major Players are as under • Shree Balaji Enterprises • Halai G S Plastic • Prakrithi Exports • Corp Scan Business Consultants • Shank Trading Corporation • Goldcoin Foam Private Ltd
Plant capacity: Thermocol Plates: 15,000 Th. Nos/annum Thermocol Dona: 15,000 Th. Nos/annum ThermocolThali:15,000 Th. Nos/annum Thermocol Glass:15,000 Th. Nos/annum Paper Plant & machinery: Rs 105 lakhs
Working capital: -T.C.I: Cost of Project: Rs 405 lakhs
Return: 28.00%Break even: 57.00%
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Electronic Toys

Today’s electronics have far more to offer. Many of the computer games currently online are frankly quite challenging, not to mention creative and thought-provoking, and the offerings for all ages down to wee little tots are immense.Smart toys are called as such because they help kids grow up to be, well, smart. The term “smart toys” is often used to mean two things: first, it refers to computerized toys that are designed and programmed to respond to a kid’s actions, which makes these toys “smart;” second, the term may also refer to the educational activities of the toys themselves, which help kids become “smart.” An electronic car that races back and forth while being watched by the child is not a smart tothe best toys are those that actively engage a child’s entire being – mentally, physically, emotionally, and socially. Electronics are by nature pre-programmed and simply cannot provide the same open-ended play opportunities as traditional toys. The Indian toy industry is estimated at about 400 million US dollars and until now has generated only 0.5 percent of the global market.Among the local manufacturers in India about 59 % are still focusing on the production of cheap and unbranded toys which appeals to the price-sensitive Indian consumers. In the future it is expected that these companies will shift towards branded toys as well to stay competitive with international companies, new launches and the offer of branded toys. The share of internet retailing in sales grew from 1 % in 2007 up to 18 % in 2012.Due to heavy demand it is a good project for entrepreneurs to invest. Few Indian major players are as under • Ajanta Pvt. Ltd. • Apple Allied Inds. Ltd. • Funskool (India) Ltd. • Hanung Toys & Textiles Ltd. • Mattel Toys (India) Pvt. Ltd. • Walt Disney Co. (India) Pvt. Ltd.
Plant capacity: 1,500,000 PCS/annumPlant & machinery: 75 lakhs
Working capital: -T.C.I: Cost of Project: 234 lakhs
Return: 28.00%Break even: 74.00%
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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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