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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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Each detailed project reports cover all the aspects of business, from analysing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. The scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet etc.

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Pre-Stressed Concrete Electric Poles

PSC poles stands for pre-stressed concrete. These are highly durable and strong PSC Poles fabricated from excellent quality concrete material. These poles are used extensively in electrical industry, for establishing electrical connections and fittings. Pre-stressing is generally a way to overcome concrete weakness in tension. Generally, the concrete undergoes compression on top flange and tension at bottom flange. The unique characteristics of pre-stressed concrete allow predetermined, engineering stresses to be placed in members to counteract stresses that occur when the unit is subjected to service loads. The demand for prestressed (Pre-cast/Reinforced) concrete-cement (PCC) poles directly depends on the growth of electric power sector, because these poles are solely meant for overhead transmission and distribution of power to consumer units. The Government of India is taking a number of steps and initiatives like 10-year tax exemption for solar energy projects, etc., in order to achieve India's ambitious renewable energy targets of adding 175 GW of renewable energy, including addition of 100 GW of solar power, by the year 2022. Thus, due to demand it is best to invest in this project. Few Indian major players are as under • Arvind Kumar Nand Kumar Ltd. • Ashoka Pre-Con Pvt. Ltd. • Concrete Udyog Ltd. • Genus Power Infrastructures Ltd. • Sainik Finance & Inds. Ltd. • Shri Krsna Urja Project Pvt. Ltd.
Plant capacity: Pre-Stressed Concrete Electric Poles: 200 Nos./DayPlant & machinery: 158 lakhs
Working capital: -T.C.I: Cost of Project: Rs 462 lakhs
Return: 27.00%Break even: 58.00%
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Polyanionic Cellulose (PAC)

PAC, short for polyanionic cellulose, is a kind of water-soluble cellulose ether derivative made from natural cellulose by chemical modification, and an important kind of water-soluble cellulose ether. Polyanionic Cellulose polymer has excellent heat-resistant stability, salt tolerance and strong antibacterial activity. PAC-HV is a cellulose derivative product, white to creamish coloured free flowing fine powder. It is used for water-based drilling fluids. The PAC is having good demand in the domestic & international markets. The present domestic market size is about Rs. 300 crores annually & likely to grow at 9% per annum. The major industries in domestic market include ONGC & OIL. The consumption of these two companies put together is 35 million tons per year & growing at 4% per annum. As a whole entrepreneur can venture in this field will be successful. Few Indian major players are as under • Aditya Chemicals Ltd. • Aranthaangi Chemical Products Ltd. • Citurgia Biochemicals Ltd. • Fimakem India Ltd. • Gulshan Sugars & Chemicals Ltd. • Lime Chemicals Ltd. • Searsole Chemicals Ltd.
Plant capacity: Polyanionic Cellulose (PAC): 3 MT /DayPlant & machinery: 113 lakhs
Working capital: -T.C.I: Cost of Project : Rs 418 lakhs
Return: 24.00%Break even: 58.00%
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Automobile Hoses

Hose design is based on a combination of application and performance. Common factors are size, pressure rating, weight, length, straight hose or coil hose, and chemical compatibility. Hoses are made from one or a combination of many different materials. Applications mostly use nylon, polyurethane, polyethylene, PVC, or synthetic or natural rubbers, based on the environment and pressure rating needed. In recent years, hoses can also be manufactured from special grades of polyethylene (LDPE and especially LLDPE). India is also a prominent auto exporter and has strong export growth expectations for the near future. Government of India and the major automobile players in the Indian market are expected to make India a leader in the 2W and Four Wheeler (4W) market in the world by 2020. The Indian automotive aftermarket is estimated to grow at around 10-15 per cent to reach US$ 16.5 billion by 2021 from around US$ 7 billion in 2016. It has the potential to generate up to US$ 300 billion in annual revenue by 2026. As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian major players are as under • Alfa Flexitubes Pvt. Ltd. • Cosmos India Rubber Works Ltd. • Gates India Pvt. Ltd. • Integrated Thermoplastics Ltd. • Kisan Extrusions Ltd. • Kisan Irrigations & Infrastructure Ltd
Plant capacity: Automobile Hoses: 4000 Nos./DayPlant & machinery: 47 lakhs
Working capital: -T.C.I: 185 lakhs
Return: 28.00%Break even: 70.00%
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Cheese Analogues

Cheese analogues (more widely known as cheese alternatives) are products used as culinary replacements for cheese. These include vegan cheeses as well as some dairy products, such as processed cheese or Kraft Singles that do not qualify as true cheeses. Cheese analogues used especially for pizza are produced by using rennet casein, acid casein, vegetable oil mixtures and other functional additive substances. A typical MCA formulation is determined as casein and caseinates 18-24%, vegetable oil 22-28%, starch 0-3%, ES 0.5-2, sweeteners and flavorants 0.5-3%, stabilizer 0-0.5%, acidifiers 0.2-0.36%, colourants 0.04%, preservatives 0.10% and water content 45-55%. Cheese Analogues market is currently experiencing a growth in demand due to need of reduction in prices of cheese production. Cheese analogues are produced with the help of different types of methods and production techniques. Cheese analogue’s produced with the help of individual constituent, soya oil and casein etc. are cheaper alternatives for milk dry matter. In India, a successful attempt has been made in developing MCA based on acid casein and vegetable oil/fat blend taking help of emulsifying salts and rennet casein and speciality fat. As a whole you can invest in this project without risk and earn profit.
Plant capacity: 1000 Kgs./DayPlant & machinery: 36 lakhs
Working capital: -T.C.I: Cost of Project: Rs 126 lakhs
Return: 26.00%Break even: 62.00%
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Craft Beer

Craft brewing" is a more encompassing term for developments in the industry succeeding the microbrewing movement of the late 20th century. Bira 91, (90 calories for a 330 ml bottle). "Bira 91 Light is the lowest calorie option for any alcoholic beverage in the bar. It is lower than a glass of champagne, much lower than Breezers, wine, or cocktails. Heck, it’s even lower than a glass of milk or orange juice!" Craft beers and microbreweries are niche concepts in India which have been growing for past few years and are beginning to take shape now. They are mushrooming in many parts of the country. This is an emerging trend that is certainly attracting middle class Indians, particularly in urban areas. The craft beer market in India is pegged at Rs. 280 crore and may grow to Rs. 4,400 crore by 2020. This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under • Appollo Distilleries & Breweries Pvt. Ltd. • Arthos Breweries Ltd. • Aurangabad Breweries Ltd. • Castle Breweries Ltd. • Devans Modern Breweries Ltd. • Doburg Lager Breweries Ltd. • Doon Valley Brewers Ltd.
Plant capacity: 5000 Ltrs./DayPlant & machinery: Rs 383 lakhs
Working capital: -T.C.I: Cost of Project: Rs 830 lakhs
Return: 26.00%Break even: 52.00%
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Adult Pull-up Diapers

Diapers are primarily worn by children who are not yet potty trained or experience bedwetting. However, they can also be used by adults with incontinence or in certain circumstances where access to a toilet is unavailable. A disposable diaper may also include an inner fabric designed to hold moisture against the skin for a brief period before absorption to alert a toilet training or bedwetting user that they have urinated. An adult diaper is a diaper made to be worn by a person with a body larger than that of an infant or toddler. Diapers can be necessary for adults with various conditions, such as incontinence, mobility impairment, severe diarrhea or dementia. Disposable diapers market would garner substantial market share of about 63% of the estimated global market by 2020. According to “India Diaper Market Outlook, 2021”, India’s diaper market was growing with a CAGR of 22.23% over past five years. On the basis of age, the report categorizes the India diaper market into baby diapers and adult diapers. Baby diapers constitute the leading category in the market. Which facilitates the development of new technologies and ensure a high quality product. Few Indian major players are as under Carewell Hygiene Products Ltd. Centron Industrial Alliance Ltd. Diapers India Ltd. Godrej Hygiene Products Ltd. Gufic Biosciences Ltd. Johnson & Johnson Pvt. Ltd.
Plant capacity: Adult Pull-up Diapers (Big Size) 10 Pcs/Pkts: 6000 Pkts/Day Adult Pull-up Diapers (Big Size) 4 Pcs/Pkts: 15000 Pkts /Day Adult Pull-up Diapers (Small Size) 10 Pcs/Pkts: 6000 Pkts/Day Adult Pull-up Diapers (Small Size) 4 Pcs/Pkts: 15000 Pkts /DayPlant & machinery: 2123 lakhs
Working capital: -T.C.I: Cost of Project: Rs 2787 lakhs
Return: 54.00%Break even: 32.00%
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Medical Disposables (Gowns/Drapes)

Surgical gowns are worn by doctors and nurses in the operating theater to address a dual function of preventing transfer of microorganisms and body fluids from the operating staff to the patient, and also from patient to staff. A surgical drape is a covering made of a disposable non-woven material and is used to cover the area of a patient. A drape usually has a fenestration (an opening) to allow the surgeon to perform the operation. Drapes also vary from hospital to hospital. For example, for an eye operation, a drape measuring 15 sq. in. Medical Nonwoven Disposables Market size is set to exceed USD 12.5 billion by 2024; according to a new research report by Global Market Insights, Inc. Increasing number of baby boomers highly susceptible to suffer from incontinence condition will serve as high impact rendering factor for the medical nonwoven disposables market growth. Thus, due to demand it is best to invest in this project.
Plant capacity: Surgeon Gowns: 250 Pcs./Day Pateint Gowns: 300 Pcs./Day Pillow Covers: 700 Pcs./Day Surgeon Caps: 1000 Pcs./DayPlant & machinery: 204 lakhs
Working capital: -T.C.I: Cost of Project: Rs 492 lakhs
Return: 27.00%Break even: 51.00%
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Cold Water Soluble Starch

Cold water starch is a modified starch used to stiffen textile and other related fabric. It is simply used in cold (room temperature) water or directly on the material to be treated. Cold water starch is used to stiffen clothes and fabrics. It is used in cold water at room temperature on the fabric to be treated. Cold water starch is easy to use; it does not require boiling water to prepare it, this has made it a darling to starch users and launderers. The demand for starches and derivatives looks very promising in India as all the major user segments of starches and derivatives are showing near double digit growth in their production. It is also one of the largest contributors to India’s exports with approximately 11 percent of total exports. The Indian textile industry, currently valued at around INR 7265 bn ($110 bn), is expected to reach $225 bn by 2021. Global Modified Starch Market was valued at $7,995 million in 2016, and is projected to reach at $10,700 million by 2023, growing at a CAGR of 4.2% from 2017 to 2023. As a whole entrepreneur can venture in this field will be successful.
Plant capacity: 48 MT/DayPlant & machinery: 165 lakhs
Working capital: -T.C.I: Cost of Project: Rs 505 lakhs
Return: 27.00%Break even: 70.00%
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Hydraulic Hose

A hose is a flexible hollow tube designed to carry fluids from one location to another. Hoses are also sometimes called pipes (the word pipe usually refers to a rigid tube, whereas a hose is usually a flexible one), or more generally tubing. The shape of a hose is usually cylindrical (having a circular cross section). Hose design is based on a combination of application and performance. Common factors are size, pressure rating, weight, length, straight hose or coilhose, and chemical compatibility. Hoses are made from one or a combination of many different materials. Applications mostly use nylon, polyurethane, polyethylene, PVC, or synthetic or natural rubbers etc. Development in rubber and plastic technology led to substantial growth of hose pipe and almost all the hose pipe manufactured has components of rubber and plastic. Demand for hose pipe is on rise in almost all the sectors. India has the second largest consumer base in the world. Increased demand for goods has led to mechanization which has promoted the use of all types of machines including hydraulic machineries. The resultant effect on the global market for hydraulic rubber hoses is a CAGR of 4.2% from 2014 to 2022. This market is expected to be valued at US$779.8 mn by the end of 2016 and US$1 bn by 2022. whole you can invest in this project without risk and earn profit. Few Indian major players are as under • Bhagawati International Ltd. • Cosmos India Rubber Works Ltd. • Finolex Industries Ltd. • Finolex Plasson Inds. Pvt. Ltd. • Jain Irrigation Systems Ltd. • Kimplas Piping Systems Ltd. (1996) • Minda T G Rubber Pvt. Ltd.
Plant capacity: Hydraulic Hose with Clamp: 1000 Pcs./DayPlant & machinery: 78 lakhs
Working capital: -T.C.I: Cost of Project: Rs 215 lakhs
Return: 28.00%Break even: 65.00%
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Wood Polish

Wood polish is used to protect against abrasions and gives your furniture a shiny appearance. While polish evaporates more quickly than wood wax, it is much easier to apply. The term wood coatings implies a wide range of products such as stains, varnishes, shellacs, and lacquers, which are commonly used in the domestic and industrial sectors. The significance of wood coatings is that they add depth and warmth to the appearance of the wooden structures. They can be applied in the form of surface coatings, natural finishes, pigmented finishes, penetrating finishes and wax polishes. Depending upon the applications, the usage of wood coatings also varies. The key applications of wood coatings include furniture, cabinets, and side and deck. Demand for wood protection coatings and preservatives is expected to advance 4.5 percent per year through 2018 to $4.8 billion, as per a study “Solvents.” Growth in the industry will primarily be driven by a rebound in residential construction activity, which in turn benefits the major applications in which wood coatings and preservatives are used – namely furniture, decking and siding. The expected demand for coatings is projected to rise 4.7 percent annually through 2018. Maintenance end uses account for a slightly higher share of coatings demand, driven by the needs of the large existing base of wood items. Even so, demand for new coatings in construction-related applications will be the primary impetus for accelerating demand gains through 2018. Demand for wood preservatives is expected to increase 2.7 percent annually through 2018. Gains will be supported by the rising production of pressure-treated lumber as construction activity rebounds. Faster advances will be restrained by the maturity of a number of applications, such as railroad products and utility poles.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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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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