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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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Arabic Gum

Gum arabic is a complex mixture of macromolecules of different size and composition (mainly carbohydrates and proteins).Gum Arabic, also known as Gum Acacia, is a natural gum harvested from the exterior of Acacia trees in the form of dry, hard nodules up to 50 mm in diameter, and ranging from almost colourless to brown. Its unique properties endow it with a wide range of uses in food, beverage, pharmaceutical and industrial applications. The growth of the global market is driven by the rising income levels, multiple functionalities of gum arabic in the food & beverages industry, and the rising awareness regarding the medicinal benefits of gum arabic. Global Industry Analysis and Forecast, 2017-2025,” indicate that the market, which is presently worth nearly US$ 300 Mn, will expand steadily at 5.4% CAGR.Which facilitates the development of new technologies and ensure a high quality product. Few Indian major players are as under • Continental Chemicals Ltd. • Finar Ltd. • India Glycols Ltd. • Naveen Enterprises Ltd. • Rishi Trading Co. Ltd. • Shree Gums Pvt. Ltd.
Plant capacity: Arabic Gum: 16 MT/DayPlant & machinery: Rs 81 lakhs
Working capital: -T.C.I: Cost of Project: Rs361lakhs
Return: 28.00%Break even: 57.00%
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Macaroni, Spaghetti, Vermicelli and Noodles

Macaroni are made from wheat flour, carbonic salt water, pure salt, soft water and other additives. Carbonic salt water with sodium or potassium carbonate as the main constituent is an important additive giving the stickiness, elasticity, smoothness and good taste.Macaroni is a variety of dry pasta traditionally shaped into narrow tubes, produced in various shapes and sizes.Spaghetti is a long, thin, solid, cylindrical pasta. Spaghettoni is a thicker form of spaghetti, while capellini is a very thin spaghetti. It is a staple food of traditional Italian cuisine.In India, vermicelli is made from plain wheat flour or maida but in most of the western countries. Atta or maida noodles is a ready to cook and serve snack food which has become very popular in India in the recent years after its introduction on mass scale of M/s. Food Specialties Ltd, New Delhi under the brand name "Maggi" which is an instant noodle made out of flour. India is the world’s second largest producer of food next to China but accounts for less than 1.5% of International food trade.The global market for pasta can be classified into spaghetti, macaroni, and noodles.“In the Indian pasta market, which is estimated at Rs 700 crores, over 70% of gourmet pastas are manufactured by Indian brands,” said Udit Jain, Director of Rajdhani Group.Thus, due to demand it is best to invest in this project. Few Indian major players are as under • Bambino Agro Inds. Ltd. • C G Foods India Pvt. Ltd. • Capital Foods Ltd. • G D Foods Mfg. (India) Pvt. Ltd. • Inbisco India Pvt. Ltd. • Indo Nissin Foods Pvt. Ltd.
Plant capacity: Spaghetti (250 gms Size): 2,880,000Packets/Annum Spaghetti (450 gms Size): 1,600,000 Packets/Annum Macaroni (500 gms Size): 1,920,000Packets/Annum Vermicelli (500 gms Size): 1,920,000 Packets/Annum Noodles (36 gms Size): 6,666,666Plant & machinery: Rs 128 lakhs
Working capital: -T.C.I: Cost of Project: Rs595lakhs
Return: 28.00%Break even: 58.00%
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Roller Flour Mill with Packaging (Automatic Plant)

Roller Flour Milling sector processes around 12 – 15 per cent of the total wheat consumed in the country, the balance being processed through Stone Chakkis. The purpose of the milling process is to break up the grains of wheat into flour (which comes from the centre of the grain, or endosperm), bran (the skin of the wheat), and pollard (the dusty material created during the grinding process). Whole meal flour is a blend of flour, bran and pollard in the proportions in which they occur in the grain. The Packaged Wheat Flour Market in India started breaking the old age traditions of grinding wheat at local Chakki mills by growing at a whooping Compound annual growth rate (CAGR) of 19% and may likely to be double the current size by end of this decade. However, the wheat flour market largely dominated by local chakki mills in India; the branded packaged wheat flour segment is emerging rapidly in the country by offering better quality, nutrition and convenience.As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian major players are as under • Ambe Agro Inds. Ltd. • Arpan Foods Ltd. • Aruppukottai Shri Ramalinga Roller Flour Mills Ltd. • B P Food Products Pvt. Ltd. • Bambino Food Inds. Ltd. • Bannari Amman Flour Mill Ltd.
Plant capacity: Maida: 40 MT/Day Sooji: 15 MT/Day Wheat Flour: 8 MT/Day Wheat Bran: 17 MT/Day Besan: 20 MT/DayPlant & machinery: Rs 290 lakhs
Working capital: -T.C.I: Cost of Project : Rs806lakhs
Return: 29.00%Break even: 56.00%
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Adhesive (Fevicol Type)

Fevicol type adhesives come under the category of synthetic resins and latex adhesives are made from polyvinyl acetate is a thermoplastic, odourless, tasteless, non-toxic, essentially clear and colourless resin. The resin is unaffected by sunlight, ultraviolet light and air, furthermore it will absorb a small amount of water.WPA is the highest level of “wet strength.” This in itself is a misnomer in that all starch is water soluble. They are also used in glueing of furniture, the clay coating of paper, non-woven fabrics and many other applications. The manufacture of adhesive from synthetic resin is simple and can be started with a very little investment. The most advantageous factor in this plant is that it can be switched over to any type of adhesive as per market demand.The market size of all types of adhesives is very large and growing. Of this, the premium products account for some 50%. Quantitatively, the overall market size is growing annually at 15%.As a whole any entrepreneur can venture in this project without risk and earn profit. Few Indian major players are as under • Anabond Ltd. • Arofine Polymers Ltd. • C I C O Technologies Ltd. • Century Ply boards (India) Ltd. • D I C India Ltd. • F C L Technologies & Products Ltd. • Feroke Boards Ltd.
Plant capacity: Adhesive (Fevicol Type): 8 MT/DayPlant & machinery: Rs 42lakhs
Working capital: -T.C.I: Cost of Project: Rs264lakhs
Return: 28.00%Break even: 62.00%
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Chili Oil

Chili oil is essentially dried chilies, preserved in oil. It adds a delightful kick to whatever dish you’re using it in. Commonly used as a finishing oil for risottos, pastas and seafood, it’s also a great oil for any stirfry. Chili also called red pepper belongs to the genus capsicum, under the solanaceae family. They are believed to have originated from South America. Chilies are referred to as chilies, chile, hot peppers, bell peppers, red peppers, pod peppers, cayenne peppers, paprika, pimento, and capsicum in different parts of the world. Total world chili oil demand to increase by 1.4 million bpd, which makes India's expected growth of some 300,000 bpd the most significant source of growth for crude producers outside of China's expected lift in demand of about 380,000 bpd.Entrepreneurs who invest in this project will be successful.
Plant capacity: Chilli Oil: 27,300 Kg./Annum Oleoresin: 122,700 Kg./AnnumPlant & machinery: Rs 1828 lakhs
Working capital: -T.C.I: Cost of Project: Rs2450 lakhs
Return: 27.00%Break even: 45.00%
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Dry Fruits Processing (Cashew, Almond, Walnut, Raisins (Kishmish/Munnakka) and Figs)

Cashew nuts are a popular snack and food source. Cashews, unlike other oily tree nuts, contain starch to about 10% of their weight. This makes them more effective than other nuts in thickening water-based dishes such as soups, meat stews, and some Indian milk-based desserts.The almond fruit measures 3.5–6 cm (1–2 in) long. In botanical terms, it is not a nut, but a drupe. The outer covering or exocarp, fleshy in other members of Prunus such as the plum and cherry, is instead a thick, leathery, grey-green coat (with a downy exterior), called the hull.A raisin is a dried grape. Raisins are produced in many regions of the world and may be eaten raw or used in cooking, baking, and brewing. In the United Kingdom, Ireland, New Zeal and Australia, the word "raisin" is reserved for the dark-colored dried large grape, with "sultana" being a golden-colored dried grape, and "currant" being a dried small Black Corinth seedless grape.Figs are a delicious fruit like treat and popularly known as “Anjeer” in India. Fig fruit is one of the ancient fruits in the world. The fig fruit is unique, unlike most ‘fruits’ in which the structure is matured ovary tissue, and the fig’s edible structure is actually a stem tissue.Walnuts are rich source of a number of important nutrients that have a very positive effect on the human health. The nut length was found in the range of 35.17-41.37 mm, nut diameter (31.72 mm-34.32 mm), Nut thickness (32.21-35.10 mm), nut weight (10.30 g-19.22 g). Nuts and dried fruits in India offer a unique opportunity to meet the needs of a consumer who is looking to adopt a new wellness life style without having to forego traditional values -a consumer who is increasingly concerned with health but is not willing to compromise on taste. The nut and dried fruit industry in India is currently pegged at INR 15,000 crores (~ USD 2 billion) and is estimated to grow to INR 30,000 crores (~ USD 4 billion) by 2020, according to the Chairman of Royal Dried Fruits Range, a city-based dried fruits retailer.This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under • Ashoka Estate Developers Pvt. Ltd. • Goa Forest Development Corpn. Ltd. • Infragro Industries Ltd. • Kerala State Cashew Devp. Corpn. Ltd. • Kore Foods Ltd. • Kreem Foods Pvt. Ltd. • Padmavathi Cashews & Coffee Ltd.
Plant capacity: Cashewnut (Tin Pack 10 Kgs Size & Poly Packs 1 Kg Size) : 1050 MT/Annum Wallnut (Tin Pack 10 Kgs Size & Poly Packs 1 Kg Size) : 300 MT/Annum Almond (Badam) (Tin Pack 10 Kgs Size & Poly Packs 1 Kg Size): 750 MT/Annum Raisins (Kishmish/ Munakka) (Tin Pack Plant & machinery: Rs 957 lakhs
Working capital: -T.C.I: Cost of Project: Rs1597lakhs
Return: 27.00%Break even: 53.00%
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Truck Body Building Industry

Truck Body Building Industry. How to Start a Profitable Automobile Body Building Business Automobile body building is an important activity. The chassis are supplied by Automobile manufacturers, and body is built by automobile body builders. Bus/Truck is used as the most common public transport vehicle in our country. Different State Transport Undertakings are plying their buses for commuting public from one place to another and from one State to another. Apart from these Undertakings, Private Bus Operators, travel agencies etc. are also operating buses on permit basis. There are two basic types of products: on-road and off-road. On-road truck bodies are designed for vehicles that travel mainly on highways and paved roads. Off-road truck bodies are designed for trucks that travel on unimproved roads or cleared land. Some truck bodies are designed for vehicles used in mining, agriculture, construction, or farming activities. Others attach to tow trucks and wreckers, delivery vans and vehicles, water sprayers, cable and telephone trucks, and repair equipment Automobiles body building units generally specialize in a few types of vehicles. For example, a body building workshop of small capacity can undertake either trucks or buses of standard design or mini buses or delivery vans or similar other vehicles used for commercial transportation of goods & passengers. But, sufficiently big auto-body building factories can undertake a range of chassis’s for constructing and mounting body on them. Auto-body building involves a lot of structural designs, wood & metal working processes, fastening techniques surface protection measures, arranging various accessories and instruments electrical and safety devices at proper places. Such a factory requires to be fully equipped with full-range of wood/metal working machines and tools, treating and testing equipment’s, high level of productivity and quality oriented team and much more facilities indeed. Body building is a labour-oriented work where all calibers of personnel’s and hardworking labourers are treated as assets. Classification of Truck Bodies Trucks are categorized on the basis of truck body construction like the following: 1. Flat platform 2. Drop side 3. Fixed side 4. Tipper body 5. Tanker body (1) Flat Platform A flat structure consists of a floor blade with edge members and beams which are used to mount the engine and suspension elements. A flatbed truck is made up of a chassis fitted with a platform body on which goods are carried. Cargo is secured on the deck with ropes or sheeting. Flat beds are flexible and can accommodate many different types of loads. (2) Drop Side Type Body This type of body follows the main structure of the flat platform body with an addition of timber sides and a tailboard, capable of being drop to assist in loading and unloading. • A drop side body is a flat platform with hinged sides and tailboard, held in the upright position by fastening to short vertical pillars that are generally removable. • The sides are normally made up by interlocking hollow plank sections. (3) Fixed Side Deck or Half Body The fixed neck type provides the lightest weight however but a sacrifice on the ability to detach and loading capacity from the front. For the ease of detaching and being faster in achieving this task the low deck has the hydraulic detachable trailers, but they compromise on the weight and length of deck. They are among the most common and versatile used trucks. The hydraulics of this type can be run from the truck auxiliary or pony motor in the neck of the trailer. (4) Tipper Body The prime requirement of any tipping body is that it shall be a rigid unit capable of withstanding the rough usage to which the type of body is subjected. • A tipper body is attached to a rigid cab chassis and is used to carry a wide range of bulk products, such as gravel, sand and grain. • It is hinged at the rear which allows the front of the truck bed to be raised and the contents set down behind / side the truck. (5) Tanker Body A commodity carried by tanker includes fuel, oils, milk, water, varnish, and edible oils etc. In the case of fuel transport, to ensure safe handling, internal baffle plates are used to cut down the surge of liquid. A tracker truck is a truck with a trailer that carries liquids. It can be the subject of special regulations if the cargo is classified as hazardous materials such as flammable liquids such as gasoline or diesel or corrosive materials such as acids and liquid fertilizers. (6) High Side Deck Body The high deck trucks have their trailer bed situated high above the trailer wheels, which provides a raised uniform platform for the cargo to carry. On the other hand the low deck trucks are those that have two level drops in their deck heights. One drop is immediately after the gooseneck and the other immediately before the rear wheels. The low deck trucks are also better known as the flatbed trailers. As compared to the high deck trucks this drop allows the low deck trucks to be extremely low. The high deck trucks are more conventional and are basically used for all types of load carriers. When there is no specific unconventional requirement, the high deck trucks prove to be regularly used. The high deck trucks were the first made trucks in the industry and from the learning’s and changing requirements of times the low deck trucks were born. (7) Low Side Deck Body As soon as the legal machinery started objecting to the loading capacity and volumes of carried equipment the need to have a low deck truck emerged. This led the manufacturers to design the low deck trucks wherein they could actually provide a lower deck in between the gooseneck and rear wheels to cater to transit of high equipment’s. This led to the manufacture of the low type. As stated earlier the high deck types are often used to carry the cargo and vehicular loads, on the other hand the low deck comes in various types for a wider range of tasks. Among the low types there is a fixed gooseneck that provides the longer length of deck and is lighter in weight as compared to others. They have low height than normal with the use of low profile tires. Fixed gooseneck types have drop ramps to help facilitate loading and unloading of equipment. The other type is known as mechanical gooseneck that has second largest length and weight among trucks. The Low deck trucks have been known to provide the specialty equipment moving as compared to the conventional high deck trucks which are the general movers and have restricted height moving capacities with them. Also with the help of combinations of gooseneck detachment it is extremely easy to unload and load heavy equipment’s on the low deck trucks quite a reason as to why the low decks are preferred means these days. The continuous increase in consumption of these perishable commodities has necessitated the growing demand of trucks for internal distribution of these commodities to different points connected by the vast road network. Transportation of these can be undertaken with by trucks. The bus and truck segment in India is poised for substantial growth. The sector is yet to reach its full potential and the current scenario in India’s automobile market offers it the chance to do so. According to industry estimates, with 15 lakh buses in private sector and 1.5 lakh buses in public sector, India has about 16.5 lakh buses. India’s passenger vehicles of around 29 million during 2015 are expected to grow to more than 48 million vehicles by 2020. Also, domestic sales of commercial vehicles are expected to grow at a CAGR of 11.6% from 0.6 million in 2015 to more than 2 million by 2026. With the increasing automobile demand, the country is also proportionately expected to witness a surge in sheet metal products used to manufacture these vehicles. The Indian trucking industry is currently valued at $130 Bn and there are approximately 5.6 Mn on road vehicles transporting 80% of the country’s freight. But is still cudgeling brains over petty issues like lack of drivers, information about new areas, return loads and on-time deliveries & availability of transporters. This is the present state of Indian trucking industry – highly unorganized and highly fragmented. The Indian truck industry is growing with time and the reason behind its success is the added advantages of the road transport over the rail transport. Trucks may also accept small quantities and can cover the rural and hill areas and that too in comparatively less time than the railways. Moreover, the growth of e-commerce companies and the demand for the goods movement across the country helped in the growth of truck industry. Growth rates vary widely around the globe. Growth is slowing down in large truck markets such as China and most of the Triad countries. On the contrary, India, the ASEAN countries, and Eastern Europe will account for most of the future growth. Central America is showing dynamic growth as well. More than 70% of incremental sales in 2024 will be generated outside the Triad markets. But the solidity of the Triad markets will stabilize the total global truck market in the decade to come. The automotive sector has emerged as one of the major beneficiaries of technological advancement in sensors, and is increasingly adopting different sensor types to upgrade the existing models from the viewpoint of safety and enhanced functionality. The global automotive industry has been experiencing a period of rapid growth and profitability in the past years, opening a wide array of opportunities for modernized technological innovations. The automotive industry in India has been on a growth trajectory with impressive spikes in sales, production, and exports over the last two years. With an average production of around 24 million vehicles annually and employer of over 29 million people (direct and indirect employment), the automotive sector in India is one of the largest in the world. India is the largest tractor manufacturer, 2nd largest two wheeler manufacturer, 2nd largest bus manufacturer, 5th largest heavy truck manufacturer, 6th largest car manufacturer and 8th largest commercial vehicle manufacturer. For every vehicle produced, direct and indirect employment opportunities are created with employment of 13 persons for each truck, 6 persons for each car and 4 for each three wheeler and one person for two-wheelers. The USD 93 billion automotive industry contributes 7.1% to India’s GDP and almost 49% to the nation’s manufacturing GDP (FY 2015-16). Tags Truck Body Building, Truck Body Building Cost, Chassis Engineering & Bodybuilding, Becoming a Vehicle Body Builder, Truck Body Building Industry, How to Become a Vehicle Body Builder, Commercial Body Building, Automobile Body Building, Truck Body Building Business, Vehicle Body Building, Truck Body Building Project Report, Project Report on Bus & Truck Body-Building, Truck Manufacturing Process, Body Building Project, Truck Industry, Vehicle Manufacturing, Commercial Vehicle Industry, Truck Production, How to Start a Trucking Company, Truck Manufacturing Plant, Project Report on Truck Manufacturing Industry, Detailed Project Report on Truck Body Building, Project Report on Truck Body Building, Pre-Investment Feasibility Study on Truck Body Building, Techno-Economic feasibility study on Truck Body Building, Feasibility report on Truck Body Building, Free Project Profile on Truck Body Building, Project profile on Truck Body Building, Download free project profile on Truck Body Building
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Palm Oil Production and Processing Industry

Palm Oil Production and Processing Industry. Profitable Edible Oil Manufacturing Business Palm oil is an edible vegetable oil high in saturated fats and free of Tran’s fats. Palm oil is made from the fruits of trees called African oil palms. It is a type of vegetable oil, like sunflower or rapeseed oil. Oil palm flourishes in the humid tropics and produces high yield when grown 10 degrees north and south of the equator. The trees originally came from west and South-West Africa. They grow naturally in tropical rainforest areas, but they also are being planted and farmed especially to produce more palm oil. Palm oil is the most widely-used vegetable oil in the world. Palm fruit oil, generally known as palm oil, is produced from the pulp of the fruit of the oil palm tree (Elaeis Guineensis). This tropical fruit is reddish in colour because of a high beta-carotene content. The fruit is about the size of a large olive. The fruit has a single seed or kernel, which is used to produce palm kernel oil. Each palm fruit contains about 30-35 per cent oil. Palm fruit oil and palm kernel oil differ significantly in their fatty acid composition, but have the same botanical origin. Palm oil is the second most widely produced edible oil. Each year, Australia imports approximately 130,000 tons of palm oil. Palm oil and its derivatives are found in around 50 percent of all packaged foods on Australian shelves. It has a longer shelf life than other vegetable oils making it more appealing for food production. Palm oil is found in many food products including biscuits, chips, crackers and batters. It is also found in toothpaste, soap, shampoo and cosmetics. Palm oil plantations are the main driver for deforestation in Indonesia and Malaysia. These two regions account for 85 percent of global production of palm oil. Uses of Palm Oil: • Palm Oil is used in around 50% of products consumers purchase and use on a daily basis. Palm Oil and derivatives otherwise known as fractions of the oil are used in the manufacture of prepackaged food, cosmetics, cleaning products, hair care, soaps and personal care items. Palm Wax is used in the manufacture of candles. • Palm Oil is also used to manufacture bio fuel. Palm is also used as feed for livestock named as palm kernel cake (PKC) which is a by-product of palm kernel oil. PKC is considered a medium grade protein feed used to fatten cattle and other livestock. • Palm oil is used for cooking and is also added to many ready-to-eat foods in your grocery store. • Its taste is considered savory and earthy. • Some people describe its flavor as being similar to carrot or pumpkin. • This oil is a staple in West African and tropical cuisines, and it's especially well-suited for curries and other spicy dishes. • It is often used for sautéing or frying because it has a high smoke point of 450°F (232°C) and remains stable under high heat (2). • Palm oil is sometimes added to peanut butter and other nut butters as a stabilizer to prevent the oil from separating and settling at the top of the jar. In addition to nut butters, palm oil can be found in several other foods, including: • Cereals • Baked goods like bread, cookies and muffins • Protein bars and diet bars • Chocolate • Coffee creamers • Margarine Palm oil is a very productive crop. It offers a far greater yield at a lower cost of production than other vegetable oils. Global production of and demand for palm oil is increasing rapidly. Plantations are spreading across Asia, Africa and Latin America. But such expansion comes at the expense of tropical forests—which form critical habitats for many endangered species and a lifeline for some human communities. In addition to use as a cooking medium in households, institutions and processed food industry, palm oil has non-food industrial applications too. The oil is used in soaps, detergents, surfactants, cosmetics and many others. Market Outlook Palm oil market size in India was valued at USD 5.16 billion in 2015. Increasing demand for edible oils owing to the burgeoning population and improving economic conditions is anticipated to remain the key growth driving factor over the forecast period. The industry in India presents massive potential for growth since the government has allowed 100% FDI in plantation and has also pledged huge financial aid to farmers in upcoming years. This development is likely to encourage domestic cultivation landscape and generate greater profit margins and opportunities for companies. Palm oil is the most consumed edible oil by volume in India, with a share of ~40%, followed distantly by soybean and mustard oils. However, domestic production of palm oil is limited, and over 95% of the requirement is imported, mostly from the world’s top two producers – Indonesia and Malaysia. Consequently, palm oil imports constitute over 60% of the edible oil imports basket today. In recent years palm oil based biodiesel has entered the European market. While biofuel has been promoted as an effective means of reducing emissions, establishing palm oil plantations increases greenhouse emissions. Demand for SPO for non-food industrial application will surely depend on many factors including whether the end product is sustainably produced. An extract of the Palm tree fruit, palm oil is one of the major edible oils consumed globally. Its low competitive price is one of the key factors influencing the consumption pattern. India, Indonesia and China are the major consumers of palm oil. Increasing demand from the emerging economies is going to be the major contributor to the palm oil industry in the future. In terms of application, although Food sector comprises of 80% of the market share, non-food areas are becoming increasingly important. The trend away from petroleum-based products has meant growing demands for palm oil in usage in Soaps, Detergents, Surfactants, Cosmetics, Pharmaceuticals, Nutraceuticals and other similar products. Biofuels are also driving the growing demand for palm oil. The global palm oil market size was estimated at USD 57.56 billion in 2014. Several government initiatives concerning blending of conventional fuel with that of bio-based, as well as rapidly growing usage of products as bio-based diesel have been gaining global acceptance over recent years. Consumers globally are aware of bio-based cosmetics, lubricants, and surfactants, which has also prompted the market. The global market for Palm Oil is projected to exceed 85 million metric tons by 2024, driven by ubiquitous applications in a broad range of everyday products and the resulting growing demand for certified sustainable palm oil. Palm oil is cost-effective and low in trans-fats, due to which its demand is high in the global market. However, the expansion of palm tree plantations is usually carried out at the expense of tropical forests, particularly in countries such as Malaysia. Rising environmental concerns thus pose a tough challenge in front of enterprises operating in the global palm oil market. The global palm oil market is expected to grow with rising global population, increasing biofuels production, increasing fresh fruits bunches yields, accelerating economic growth and growing application in various markets. Key trends of this market includes rising demand for red palm oil, increasing sustainable palm oil production and growing shift towards palm crop transplanting. However, there are some factors which can hinder growth of the market including consumption of soybean oil in developing countries, stringent regulations, weather uncertainties and retail consolidations. Palm oil is applicable as a cooking oil, bio-diesel, lubricants, cosmetics, and others, which is driving the growth of the market. Increasing demand for vegetable oil is a major factor driving the growth of the market. Moreover, in the biofuels market, it is used as the feedstock for the production of biodiesel and as an alternative to mineral oils for use in power stations which is boosting the growth of the palm oil market. The global palm oil market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific is dominating the market and is witnessed to have a substantial growth over the forecast period with increasing consumption of palm oil in different industries. Indonesia and Malaysia are the major producers and exporters of palm fruit which are majorly contributing to the growth of palm oil market in Asia Pacific. Tags Palm Oil, Palm Oil Industry, Palm Oil Uses, Palm Oil Production, Palm Oil Processing, Production of Palm Oil, Palm Oil Production Process, Sustainable Palm Oil Production, Production of Palm Oil from Fruit, Palm Oil Processing and Production Business, Palm Oil: Production, Processing, Characterization, and Uses, Palm Oil Extraction and Refining, Large Scale Production of Palm Oil, Report on Palm Oil Production, Palm Oil Plantation, Oil Palm Cultivation (Palm Oil), How Is Palm Oil Made, Growing Oil Palm, Process of Making Palm Oil, Palm Oil Refining Process, How to Extract Palm Oil from Palm Fruit, Vegetable Oil Production, Palm Oil Production Process Flow Chart, Palm Oil Processing Pdf, Palm Oil Extraction Process, Process Flow Diagram for Palm Oil Production, Palm Oil Processing Business Plan, Starting a Palm Oil Processing Company, Palm Oil Production Business Plan, Palm Oil Processing Plant, Business Plan on Palm Oil Production, How to Start a Palm Oil Processing Plant, Palm Oil Business, Small-Scale Palm Oil Processing Business, Palm Oil Production Business in India, Palm Oil Production / Processing Mill, How to Start a Lucrative Palm Oil Business, Palm Oil Processing Production Plant, Palm Oil Processing Industry, Indian Palm Oil Industry, Project Report on Palm Oil Processing Industry, Detailed Project Report on Palm Oil Processing Plant, Project Report on Palm Oil Production, Pre-Investment Feasibility Study on Palm Oil Production, Techno-Economic feasibility study on Palm Oil Production, Feasibility report on Palm Oil Production, Free Project Profile on Palm Oil Processing Plant, Project profile on Palm Oil Processing Business, Download free project profile on Palm Oil Production
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Wood Chips

Woodchips are small to medium sized pieces of wood formed by cutting or chipping larger pieces of wood such as trees, branches, logging residues, stumps, roots, and wood waste. Woodchips may be used as a biomass solid fuel and are raw material for producing wood pulp. They may also be used as an organic mulch in gardening, landscaping, and restoration ecology, bioreactors for Denitrification and as a substrate for mushroom cultivation. Wood chip, mainly used to produce paper and other products traditionally, has also been used to produce biofuel. The global demand for wood chip is increasing as policies promote the use of biomass for renewable energy. The USA has been a major exporter of wood chip worldwide. Meanwhile, European Union (EU) demand for wood chip is expected to increase rapidly in response to its renewable energy policy. Wood chips are typically used in fluidized-bed installations, technically also in combination i.e. Co-combustion with coal. Such facilities are present all around the world. Outside Europe, the three main destinations for international wood chip trade include: Japan, Turkey, and China.
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Wood Pulp

Wood pulp is wood that has been cut up into small pieces and crushed. Wood pulp is used to make paper. Wood reduced to pulp through mechanical and chemical treatment for use in the manufacture of certain kinds of paper. Wood that has been ground to a fine pulp for use in making newsprint and other cheap forms of paper, and in the production of hardboard. Finely pulped wood that has been digested by a chemical, such as caustic soda, and sometimes bleached: used in making paper. The global wood pulp market is expected to witness a CAGR of 2.1% during the forecast period (2018 – 2023). Wood pulp is one of the most important global traded products due to its high demand in the paper production industry. The production and trade of wood pulp have become the most important industries in many countries. The pulp is a lignocellulosic fibrous material prepared by chemically or mechanically separating cellulose fibers from wood, fiber crops, or waste paper. Growing demand is breathing new life into the wood-fiber industry and spurring new wood pulp-based consumer products. The most important factor driving the wood pulp industry is the growing global demand and consumption for tissue paper. The US is the largest consumer of tissue paper in the world, on an average 25 kg of tissue is used annually per person in the country. In the US, 37% of the tissue used is in the kitchen as kitchen towel.
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