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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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Submersible Pump Manufacture

Submersible pump (or sub pump, electric submersible pump (ESP)) is a device which has a hermetically sealed motor close-coupled to the pump body. The whole assembly is submerged in the fluid to be pumped. The main advantage of this type of pump is that it prevents pump cavitation, a problem associated with a high elevation difference between pump and the fluid surface. Submersible pump is a mechanical device used for transferring various types of fluid in different end use industries and is highly preferred for agricultural and industrial applications. Submersible pump is vertically submerged under the fluid to be transported (such as water etc.) and is driven by electric current, operating on the principle of centrifugal force. Various kinds of submersible pumps are available in the market, serving different purposes. The Global submersible pump market is anticipated to reach USD 12.5 billion in 2023 witnessing a CAGR of 5.5% over the forecast period 2015-2023. Asia-Pacific accounted for the highest percentage share of 42% to the global market in 2014, however the market is estimated to reach USD 2.8 billion by 2016 This can be attributed to various factors such as growing urbanization, rapid growth in industrialization, increasing population and emerging economy of developing nations such as India, China and Japan.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Sodium Benzoate

Sodium benzoate is a substance which has the chemical formula NaC7H5O2. It is a widely used food preservative, with an E number of E211. It is the sodium salt of benzoic acid and exists in this form when dissolved in water. It can be produced by reacting sodium hydroxide with benzoic acid. Sodium benzoate is a synthetic chemical produced when benzoic acid, which is found naturally in some fruits and spices, is combined with sodium hydroxide. Sodium benzoate is a preservative commonly used in fruit pies, jams, beverages, salads, relishes, and sauerkraut – foods that have an acidic pH. Chemical preservatives, such as sodium benzoate are frequently used in processed foods to prevent the growth of bacteria, yeast or other nasty microorganisms that could spoil food. Sodium benzoate is a food preservative that occurs naturally in some fruits. The chemical is the sodium salt of benzoic acid and is considered safe to ingest and apply to the skin. It should not be used in certain acidic products because it may combine to form harmful compounds, but it is not toxic and does not irritate tissue. Sodium benzoate is tagged as a harmful preservative and its use is limited in some industries. It is easily soluble and affordable which widens its usage, but research revealed that the overuse of this chemical solvent can cause cancer by affecting the oxygen cells present in the body. Though this chemical is present in some fruits, but the addition of the synthetic form of sodium benzoate is extremely lethal for the body. Sodium benzoate is found in vinegar, soda, fruit juices and jams which are present in the daily diet of the every citizen in the world. The expanding world of consumerism is in dire need of foods which can be packed and stored for days and the fast lifestyle of the people are promoting the expansion of a food and cosmetics industry which is completely backed by harmful chemical preservatives. The global sodium benzoate market to grow at a CAGR of 4.49% during the period 2017-2021. Rising demand for processed foods and ready to drink beverages has led to high demand for sodium benzoate in the market. Sodium benzoate eliminates the growth of bacteria and molds which helps preventing spoilage of food and drinks. Hence, high demand is reported for sodium benzoate from the food & beverages industry. Cosmetics application accounted for the second largest share of global sodium benzoate market. Owing to its extremely low level of toxicity it is used as a preservative in cosmetics products.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Monosodium glutamate (MSG)

Monosodium glutamate (MSG, also known as sodium glutamate) is the sodium salt of glutamic acid, one of the most abundant naturally occurring non-essential amino acids. Glutamic acid is found naturally in tomatoes, grapes, cheese, mushrooms and other foods. MSG is used in the food industry as a flavor enhancer with an umami taste that intensifies the meaty, savory flavor of food, as naturally occurring glutamate does in foods such as stews and meat soups. It’s a flavor enhancer. Monosodium glutamate (MSG) is commonly added to Chinese food, canned vegetables, soups, and processed meat. “MSG contains glutamic acid (non-essential amino acid) which is also naturally found in tomatoes, grapes, cheese, mushrooms and other foods. Monosodium glutamate has found in various applications such as additives, flavor enhancers, acidity regulators, preservatives, and others. Increasing in demand of food industries is likely to drive the monosodium glutamate market growth. The growing food industries and animal feed industry on account of developing domestic as well as commercial market particularly in Asia-Pacific and Middle East has boosted the global monosodium glutamate market over the forecasted period. The growing preference towards processed food and fast food, owing to hectic lifestyles is expected to remain a key driving factor for the global monosodium glutamate market in the forecast period. The manufacturing of monosodium glutamate has shifted from the extraction method to the fermentation method, as this method can be used for large scale production while maintaining a low per-unit cost. Thus owing to an increase in the profit margin, which has largely impacted growth of the monosodium glutamate market. Based on application, the global MSG market can be segmented into flavor enhancer, preservative, and acidity regulator. The product finds its use as a flavor enhancer in processed meats & soups, canned vegetables, and other food products. The global food processing industry revenue accounted for over USD 2.5 trillion in 2016 and is likely to grow with a decent CAGR. Prominent players such as Kraft Foods and Nestle are increasing their brand awareness by investing hugely in promotions to uphold product differentiation. These factors are propelling the global MSG market demand to new heights.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Welding Brass Rod

Brass Rods are used to production the force components. Such as pins, rivets, washers, nuts, pipe, pressure gauge, screen, radiator parts. The material, it can be divided into two kinds: one kind is common brass rods, which are comprised of copper and zinc; the other kind is special brass rods, which is comprised of copper, zinc, Sn and other metal. Brass rods find extensive application in the production of various types of electrical and electronic components, such as valves, fasteners, stems and seats, and plumbing fittings. Automobiles, machines, and electrical appliances are the prime end users of these rods on account of their high degree of conductivity and corrosion resistance. The high strength, precision, and light weight of brass also make it suitable for precision instruments and ship parts, which is another important factor behind the surging sales of brass rods across the world. Brass Rods market drivers, emerging industry verticals, limitations, risk analysis, and development opportunities are analyzed. The analysis of industrial chain analysis, upstream raw materials, production capacity, labor costs, cost of raw materials, production process analysis and downstream consumers is explained. Brass rods are being used in the manufacture of various electric and electronic components due to their high conductivity and corrosion resistance. Demand for brass rods is rising in electronic products owing to their excellent cutting and drilling performance compared to that of other metal rods. This is expected to drive the global brass rods market in the near future. The Global market for Brass Rods is expected to grow at a CAGR of roughly 3.1% over the next five years, will reach 17000 million US$ in 2023, from 14200 million US$ in 2017. The global market for brass rods is witnessing a tremendous rush in its valuation. The anti-corrosion element of brass, combined with generally high toughness when compared with iron, has bolstered the interest for brass rods, considering significantly its general sales. With the rising requirement for low contact materials, the market is foreseen to continue witnessing significant development throughout the following couple of years. The precision, high quality, and light weight of metal likewise make it applicable for precision instruments and ship parts, which is another imperative factor behind the surging offers of brass rods over the world. In terms of type, the brass rods market can be segmented into ordinary brass rods and special brass rods. The special brass rods segment is expected to account for significant market share, due to the high demand from manufacturers of valves and their components. The demand for brass valves is highly increasing in the fluid-handling manufacturing units. As brass valves can withstand more pressure, and are suitable to be in contact with many kinds of fluid materials, the brass valves are used.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Dyes & Dye Intermediates

Dyes are used to impart colors to a substance or surface. Dye intermediates are raw materials used to manufacture dyes. Dye intermediates comprise petrochemical products that are processed to manufacture the final dyes and pigments. H-acid (1-amino, 8-napthol, 3, 6-disulfonic acid) is an extensively used dye intermediate. These intermediates are used in the production of hair dyes. Dye intermediates are manufactured from nitro-aromatics, which are manufactured from benzene and toluene. Benzene and toluene are petrochemical downstream products. Therefore, any change in the crude oil prices affects the dye intermediates market significantly. The dye intermediates are a vital inputs for a number of major industries. Some of the major industries they serve are textiles, plastics, paints, printing inks and paper. Dye intermediates are raw materials used to manufacture dyes. Dye intermediates comprise petrochemical products that are processed to manufacture the final dyes and pigments. H-acid (1-amino, 8-napthol, 3, 6-disulfonic acid) is an extensively used dye intermediate. These intermediates are used in the production of hair dyes. Dye intermediates are manufactured from nitro-aromatics, which are manufactured from benzene and toluene. The global market for dyes has been witnessing significant growth due to rising demand from end-user industries such as food, textile, printing inks, and paints & coatings. Developing economies such as China, India, Brazil, and Indonesia are likely to play a substantial role in boosting consumption of dyes in the next few years. India and Indonesia are gradually taking the lead in manufacturing dyes due to availability of raw materials as well as various organic intermediate chemicals. In terms of application, the dye intermediates market can be divided into textiles, plastics, paints, printing inks, paper, and others. The textiles segment of the dye intermediates market is anticipated to expand at a considerable pace due to increasing demand of appeals from the emerging economies. Based on geography, the dye intermediates market can be segregated into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific is anticipated to constitute a key share of the market during the forecast period. The dye intermediates market in Asia Pacific is estimated to expand a considerable pace owing to the increase in demand for dye intermediates in the paints and printing inks. Middle East & Africa is likely to be an attractive region for the dye intermediates market during the forecast period due to the rise in demand for these in the textile industry in the region.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Silver Nitrate

Silver nitrate is an inorganic compound with chemical formula AgNO3. This compound is a versatile precursor to many other silver compounds, such as those used in photography. It is far less sensitive to light than the halides. Silver nitrate, caustic chemical compound, important as an antiseptic, in the industrial preparation of other silver salts, and as a reagent in analytical chemistry. Its chemical formula is AgNO3. Applied to the skin and mucous membranes, silver nitrate is used either in stick form as lunar caustic (or caustic pencil) or in solutions of 0.01 percent to 10 percent silver nitrate in water. A key factor driving the growth of the global silver nitrate market is the superior properties of silver nitrate. Silver nitrate is an inorganic compound that is used to produce silver derivatives and many essential chemical products owing to its superior physical and chemical properties. It is water soluble and highly hygroscopic in nature and it has antiseptic, antibacterial, and antifungal properties. Therefore, it is widely used in the medical and pharmaceutical industries. Silver nitrate is also extensively used in laboratories as an analytical reagent, catalyst, and organic staining agent, thanks to its superior chemical properties. Thus, these superior properties of silver nitrate are major factors for its use in commercial and industrial. A wide range of industrial and commercial applications makes silver nitrate an important chemical compound commercially and is a driver for the global silver nitrate market. Easy availability and low cost of the compound further fuels the growth of silver nitrate market. Growing medical & healthcare industry also tends to surge the demand for silver nitrate and compounds. The silver nitrate market on basis of region is segmented into North America, Latin America, Europe, Asia Pacific and Middle East & Africa. North America is the largest silver nitrate market in terms of value. Asia pacific is another significant market in the global silver nitrate market with increasing production volumes. Countries in the region such as China, has outsized potential for silver nitrate production.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Fast Colour Base

The Fast Colour Bases are very widely used in Textile Industry. Dyeing with Naphthols Fast Bases are more economical even compared to Reactive Dyes. Maroon, Blue, Yellow obtained with these products are not possible with any other Dyestuff. The Fastness Property of these products is excellent. Light Fastness is almost as good as 6-7 almost nearer to the Vat Dyes. Fast Colour Bases are also very widely used for African Print / Wax Print.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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IV Fluids in Plastic Bottles (IV Solution Automatic System)

Intravenous fluids are fluids which are intended to be administered to a patient intravenously, directly through the circulatory system. These fluids must be sterile to protect patients from injury, and there are a number of different types available for use.The basic function of IV fluids is to replenish the body fluids.Intravenous fluids can also be used as a route of medication administration. The market for Intravenous (IV) Solution is expected to reach USD 11,511.2 million by 2022 and is expected to grow at a CAGR of 7.69% during the forecast period 2016-2022. The factors which drive the growth of the market are the rising prevalence of chronic diseases, rising acceptance of vitamin C intravenous treatment therapy to treat colorectal cancer.Entrepreneurs who invest in this project will be successful. Few Indian major players are as under • Abaris Healthcare Pvt. Ltd. • AhlconParenterals (India) Ltd. • AxaParenterals Ltd. • Infutec Healthcare Ltd. • Kokad Pharmaceutical Laboratories Ltd. • Parenteral Surgicals Ltd.
Plant capacity: IV Fluids (500 ml Bottle): 40000 Pcs./dayPlant & machinery: Rs. 2658 lakhs
Working capital: -T.C.I: Cost of Project: Rs10817 lakhs
Return: 17.00%Break even: 25.00%
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Sanitary Napkins

Sanitary Napkin comes under Nonwoven fabrics which as a whole come under technical textile.In addition to sanitary napkins non-woven fabric is also used in several other products like cigarette filters, headliners, airlines disposables, surgical disposables, non-woven wipes, non-woven abrasives, sports footwear components etc. Meditech products include textile material used in hygiene, health and personal care as well as surgical applications. The Indian sanitary napkin market reached a value of nearly US$ 414 Million in 2016, the market is expected to reach a value of around US$ 596 Million by 2022, growing at a CAGR of more than 6% during 2017-2022.Thus, due to demand it is best to invest in this project. 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. • Kimberly Clark Lever Pvt. Ltd.
Plant capacity: Sanitary Napkins: 23040Pcs./dayPlant & machinery: Rs 38 lakhs
Working capital: -T.C.I: Cost of Project: Rs.127 lakhs
Return: 28.00%Break even: 51.00%
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Recovery of Lead from Scrap Batteries

The recovery of metals from metal scrap has the advantage that it is easier and far less energy dependent than the production of primary lead from ores.Lead is a chalcophile metallic element forming several important minerals including galena PbS, angle site PbSO4, crosstie PbCO3 and minimum Pb3O4. Recycling lead is relatively simple and in most of the applications where lead is used, such as lead-acid batteries, it is possible to recover it for use over and over again. The production of lead in India from primary sources accounts for nearly two thirds of the total lead production in the country whereas, the world over, the production from secondary smelters accounts for nearly 60% of the total production of lead.This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under • Germania Batteries Pvt. Ltd. • Goldstar Power Ltd. • Greenvision Technologies Pvt. Ltd. • H B L Power Systems Ltd. • High Energy Batteries (India) Ltd. • Kirloskar Batteries Pvt. Ltd. • Livguard Batteries Pvt. Ltd. • Nicco Batteries Ltd.
Plant capacity: Lead Ingot: 8 MT/dayPlant & machinery: Rs 96 lakhs
Working capital: -T.C.I: Cost of Project: Rs 370 lakhs
Return: 29.00%Break even: 54.00%
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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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