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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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Heat & UV Stabilizers for PVC & Other Engineering Plastics

Heat stabilizers help preserve the polymer’s appearance, strength, elasticity, durability and performance characteristics. Heat (or thermal) stabilizers are mostly used for PVC, as unstabilized material is particularly prone to thermal degradation. These agents minimize loss of HCl, a degradation process that starts above 70 °C. Once dehydrochlorination starts, it is autocatalytic. Many diverse agents have been used including, traditionally, derivatives of heavy metals (lead, cadmium). Increasingly, metallic soaps (metal "salts" of fatty acids) are favored, species such as calcium stearate. Addition levels vary typically from 2% to 4%. The choice of the best heat stabilizer depends on its cost effectiveness in the end use application, performance specification requirements, processing technology and regulatory approvals. Heat stabilizers play a key role as an additive in the processing of PVC polymer. PVC is hard and brittle, but a relatively low-cost polymer with good chemical & biological resistance and excellent workability. However, when it is exposed to heat (> 1000C), HCl is released from the polymer backbonewhich triggers the decomposition of PVC, such as causing rapid discoloration and embrittlement. Heat stabilizers can greatly increase the heat stability by scavenging of released HCl molecules. Global heat stabilizers market was valued at USD 3.63 Billion in 2016 and is projected to reach USD 4.57 Billion by 2022, at a CAGR of 4.0% during the forecast period. In this report, 2016 is considered the base year and the forecast period is 2017 to 2022. APAC is the fastest-growing market for heat stabilizers due to the technologically advancing and emerging countries in the region demanding innovative, lightweight, renewable, and less toxic heat stabilizer products. Some of the important players competing in the market include Akcros Chemicals Ltd., Albemarle Corporation, Arkema Group, Cytec Industries Inc., Baerlocher GmbH, Ferro Corporation, and BASF SE. UV stabilizers in plastics usually act by absorbing the UV radiation preferentially, and dissipating the energy as low-level heat. The chemicals used are similar to those in sunscreen products, which protect skin from UV attack. They are used frequently in plastics, including cosmetics and films. UV stabilizers help mitigate deterioration or breakdown of the plastics in products that are primarily used outdoors. These products might include but are not limited to lawn and garden equipment, pool equipment, pool and patio furniture, automotive application including both interior such as instrument and dash panels, and exterior parts. Sunlight, hot and cold temperatures and other weather situations can cause the properties that make plastic long lasting and beautiful to break down and cause color fading. The UV Stabilizers find their major application for the packaging of food & beverages and nonfood products across all parts of the globe. The ability of the UV stabilizers to impart retention properties to the packaging material to maintain quality and durability of packaging materials on exposure to sunlight, harsh climate conditions, and long-term durability is the major factor driving the UV stabilizers market. The UV protection required for polyethylene terephthalate (PET) fibers will also be one of important end use segment within packaging sector. The key factor driving global UV stabilizers market is rising for low cost raw materials such as plastic and wooden materials requiring coating of UV stabilizers for imparting high thermal stability. The consumption of the UV Stabilizers will also be driven by usage for manufacture ring of polymer water tanks and chemical tanks that require molded product to maintain tensile strength on exposure to UV radiations for long term. In the Asia-Pacific region, growing demand of consumer goods, significant growth of regional automotive sector will be the major factors for increasing demand of the UV stabilizers. The nickel quenchers are mainly used for agricultural film applications as they offer balance between UV protection and interaction with pesticides. The UV stabilizers enhance the features of nets used in agriculture that provide protection to the plants being kept inside the green house. The growing demand of greenhouse films globally is anticipated to play key role driving the UV stabilizers market in the coming years.
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Return: 1.00%Break even: N/A
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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
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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.
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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
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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.
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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.
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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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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
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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
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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
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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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