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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.

We also offer self-contained Pre-Investment and Pre-Feasibility Studies, Market Surveys and Studies, Preparation of Techno-Economic Feasibility Reports, Identification and Selection of Plant and Machinery, Manufacturing Process and or Equipment required, General Guidance, Technical and Commercial Counseling for setting up new industrial projects on the following topics.

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We can modify the project capacity and project cost as per your requirement.
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Heat Transfer Label for Rubber

Heat Transfer Labels, otherwise known as "tag-less tags", are used when customers want to promote their brand without the bulk of a traditional woven or printed label. They are applied directly onto garment, tag-free. They stretch with fabric, are soft to the touch, and are applied with a household iron or industrial heat press. These are popular in the market for their dazzling designs and add a shimmer to the apparels. These are suitable for cotton, synthetics and cotton blends (light or dark). Moreover, this method of graphic transfer is very popular in the global market for designing t-shirts and other apparels. Application: • Food and beverages • Personal care • Paint pail industry • Oil, grease and lubricant pail industry • Agriculture and seeds pail industry • Household items • Stationery for ball point pens, pencils etc. • Disposable containers and more
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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HDPE Twine & Rope

It is both strong and durable, manufactured using best quality high-density polyethylene (HDPE). Besides, best known for its large strength-to-density ratio it is used for mending handmade nets, crop support, cloth lines etc. It is widely used in fishing and other general purpose. Applications: • Safety net manufacturing • Sports net manufacturing • Used for weaving • Mending fishing net • Sewing HDPE rope is used for strapping and binding packaging boxes. HDPE ropes are widely utilized for various applications like packaging, binding, producing fishing net and domestic purposes. Known for less water absorption, maximum elongation flexible and high durability. These HDPE ropes are acknowledged for excellent texture and utilized in several industries and commercial places for several purposes. The demand for plastic rope varies according to the application and size of the rope. As per the estimates of Plastic wire market research the growth rate for plastic ropes has been estimated to be 3.5% per annum. The current demand for Plastic ropes are mainly from usage in marine, fishing industries for fish netting and construction etc. In view of the growth in these industries, there is a good demand for Plastic ropes in India.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Zinc Brightener

These products are highly admired in the market for their attractive features. The brightener is widely used in chemical and other industries in the galvanization process. The brightener is used to coat steel and other metals to prevent those from being corrode. Apart from this, the brightener is inspected on various quality controllers to eradicate all flaws which are used in Fasteners Industry. Features: • Long shelf life • Highly pure • Free from impurities • Properly packed • Non toxic • Easy to use
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Metol

Metol is the organic compound with the formula [HOC6H4NH2 (CH3)] HSO4. It is the hydrogen sulfate (HSO4?) salt of the protonated derivative of N-methylaminophenol. This colourless salt is a popular photographic developer used in black & white photography. Metol is an excellent developing agent for most continuous tone developer applications, and it has been widely used in published developer formulas as well as commercial products.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Plaster of Paris Board from Process of H-Acid Gypsum Waste

Plaster of Paris is a white powder obtained by heating Gypsum. Gypsum {CaSO4.2H2O} is a calcareous stone available in Gujarat, Rajasthan and many other parts of India and the world. Plaster of Paris [POP] boards are prepared on machine, adopt a similar process and due to mechanization, production rate is much faster. The POP boards are used for false ceiling, panelling and partitioning. POP boards are cheaper than most of the other boards. These are fire retardant and termite proof. Textured or half-perforated boards serve as good acoustic surface material. POP boards can be painted, laminated or veneered.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Honey Roasted Peanut

Honey roasted peanuts are a popular Salt, Sugar and Honey flavored peanut snack, offered as a product line by several prominent nut companies such as Planters and KingNut. Honey roasted peanuts are not as healthy as peanuts in their natural state, but are still a healthy snack option. The snack contains important dietary fibers, carbohydrates, protein, fat, and vitamins and minerals. India is the second largest producer of groundnuts in the world. Indian groundnuts are available in different varieties: Bold or Runner, Java or Spanish and Red Natal. The main Groundnut varieties produced in India are Kadiri-2, Kadiri-3, BG-1, BG-2, Kuber , GAUG-1, GAUG-10, PG-1 , T-28, T-64, Chandra, Chitra, Kaushal, Parkash, Amber etc. The country has exported 504019.2 MT of groundnuts to the world for the worth of Rs. 3386.3 crores/ 524.82 USD Millions during the year 2017-18. Major Growing States: Gujarat, Andhra Pradesh, Tamil Nadu, Karnataka, Maharashtra, Rajasthan, Madhya Pradesh, Orissa, and Uttar Pradesh. It is estimated that required consumption demand of groundnut by the end by 2020 will be 14million tones in India.
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Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Jute Tar Felt

Tar Felt find a vast usage in waterproofing, damp-proofing of roofs, basements, and terraces. These tar felt can be availed at industry leading rates. Tar Felt is a proven waterproofing materials for application on silos, grain godowns, warehouses, wagons, trams, buses, etc. Features: • High strength • Proper seam integrity • Easy maintenance • Excellent quality • Dimensional accuracy • Smooth surface
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Gasket Shellac Compound

Gasket Shellac is a slow-drying, hard setting liquid design to coat, seal and repair most gaskets. Use it to seal metal gaskets and threaded connections. seals metal gasket and threaded connection for light duty service. It is dark brown viscous liquid which characteristics alcoholic odour. Heat and pressure tested heavy bodied adhesive unaffected by petrol, oil, grease and water. Features: • Easy to maintain • Easy to install • Durable • Long lasting • Unmatched quality • Free from defects
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Ceramic Heater Plate

Ceramic heater plates provide surface temperatures of up to 980°C (1800°F). The large, 16 mm (5/8") ID grooves permit the use of exceptionally heavy gauge heating wire for low element watt densities and high wattage per square inch of radiating surface. Used specifically to cater to the diversified industrial needs of heat generation, these products have gained wide acceptance in the market. Heater Plate is provided in a wide variety of applications from low to high voltage. This Heater Plate is used for domestic purpose available in different sizes at a good market price. These are cost efficient, energy efficient and environment friendly, which can be used in all kinds of climate. These come in different capacities and require no maintenance throughout life. Features: • Highly efficient • Fine finish
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Toner Ink for Laser Printers, Xerox Machine

Toner Ink is acknowledged for its clear prints and quick drying features. These toners find an extensive application in various industries for the purpose of printing various kind of documents. Further, these toners can be easily installed in various printers and can be availed in several colors. This toner ink is available in air tight packing in order to retain its quality. Characteristics: • Quick drying • Resistant to blotting • Easy to use • Enhanced shelf life • Can tolerate variable temperature • Enable fine printing • Optimum quality Printing Toners Market share will cross USD 5.5 billion by 2024. Robust growth in packaging industry will be a significant driver to global printing toners market by 2024. Rising demand for the enhanced packaging designs from numerous industries including pharmaceutical, food & beverage, electronic gadgets, textile, etc. will propel the printing toners market size. Innovative trends in the advertising and branding industries, increasing importance to the aesthetic traits of the product labeling and packaging will also have positive influence on the industry over the forecast period. Growing advertising and branding industries are also anticipated to boost printing toners demand. Extensive use of printing toners in printing of catalogs, book marks, banners, brochures and manuals is expected to fuel the market over the forecast period. Increasing demand of multiuse printers with tailored capacities is anticipated to drive printing toners market over next seven years. Digitalization has enhanced printing processes making them more efficient and thus is anticipated to drive printing toners market over the forecast period. Development of ink formulations is also expected to product demand over the forecast period, owing to their high quality performance. Major market players operating in printing toner market are Xerox Corporation, IMEX Co. Ltd, Samsung Fine Chemicals, ACM Technologies, Astro-Med, Inc, Canon, Inc., Colart International, American Tonerserv Corp, Toner Italia SRL, INX International Ink Co, and Absolute Printing.
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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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