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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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IV Fluids (BFS Technology)

Fluids are given when someone's body fluid volume falls. There are a number of things which can cause a drop in fluid volume. Vomiting and diarrhea are a classic example, which is why people are encouraged to drink fluids when they are sick, to keep their fluid volume stable. Another cause is blood loss, which causes problems both because people lose blood products, and because they experience a loss in fluid volume. Electrolyte levels in the blood can also become unstable as a result of rapid changes in fluid volume, in which case intravenous fluids can be used to restore the balance. 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. Many companies manufacture packaged intravenous fluids, as well as products which can be mixed with sterile water to prepare a solution for intravenous administration. The global Intravenous (IV) solutions market was valued at USD 6.9 billion in 2015 and is projected to grow at a CAGR of 7.8% over the forecast period. The emergence of this market is attributed to the fast growing geriatric population and prevalence of malnutrition in the elderly and pediatric population. Intravenous (IV) solutions are fluids which are intended to be administered to a patient directly into the venous circulation. These fluids are sterile fluids which protects patients at the time of serious dehydration. There is various type of IV solutions available for use in the market. Many companies manufacture packaged intravenous fluids or products or compounds which can be mixed with sterile water to prepare a solution for intravenous 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. This is attributed to the factors such as Growing acceptance of vitamin C intravenous for Colorectal Cancer and increasing prevalence of the chronic diseases. Europe is the second largest market which is growing at a CAGR of 8.12% from 2016-2022. Asia-Pacific region is the fastest growing market for IV Solutions, which is expected to grow at a CAGR of 8.34% during the forecast period from 2016 to 2022. Few Indian major players are as under Shree Krishna Keshav Laboratories Ltd. Pharmazell (India) Pvt. Ltd. Parenteral Surgicals Ltd. Kokad Pharmaceutical Laboratories Ltd. Ahlcon Parenterals (India) Ltd. Abaris Healthcare Pvt. Ltd. Axa Parenterals Ltd.
Plant capacity: IV Fluids (500 ml Size Pack): 146,748 Units / Day IV Fluids (100 ml Size Pack): 153,252 Units / DayPlant & machinery: Rs 4099 lakhs
Working capital: -T.C.I: Cost of Project : Rs 5808 lakhs
Return: 25.00%Break even: 41.00%
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Rice Flakes and Puffed Rice

Rice flakes industry has also an important role in popularizing wheat in traditionally non-wheat consuming regions of the country. Rice flakes consumed by people of all ages and all times. With tea and coffee, rice flakes make a tasty and nutrition’s snack. There is a definite need for the rice flakes industry to make inroads in the rural areas. Manufacturing of rice flakes products have substantial scope for development in smaller towns, village and backward areas and can provide a good number of employment opportunities at different levels. Rice is a major source of energy and an important source of protein. The availability of nutrients per 100 g of raw white rice provides 361 kcal and 6 g of protein. It also contains substantial amounts of zinc and niacin. On the other hand, it is low in calcium, iron, thiamine and riboflavin and has virtually no beta-carotene (Vitamin A). It is noteworthy that the highest the degree of polishing, the lowest the level of proteins, vitamins and minerals in the final product. Puffed rice is a commonly consumed commodity as a pastime snack. It can be used in combination with nuts such as groundnut or roasted and salted cashews; with fried gram; with Jiggery and coconut gratings, or dusted with salt and spices after enrobing with oil. Since the product is easily digested and assimilated, it finds a wide acceptance among a cross section of the households. It is a versatile product with an excellent market potential. The global edible flakes market value was estimated at nearly 14.51 (USD Billion) in 2018 and is expected to be valued at 24.75 (USD Billion) by 2025 at a cumulative growth rate of around 8%. The report edible flakes market encompasses market estimation and analysis on both the global as well as regional level. The research report offers an extensive valuation of the market, business rivalry, opportunities, sales forecasts, revenue forecasts, and industry-validated market data. The report offers historical data from 2016 to 2018 and a forecast from 2019 to 2025 based on earnings (USD Billion). Based on the product, the edible flakes industry is sectored into Wheat Flakes, Corn Flakes, Flakey Oats, and Rice Flakes. Corn flakes segment is anticipated to make major contributions towards the market revenue over the forecast period. The reason being the ability of corn flakes in improving the digestion of starch. Huge inclination towards ready-to-eat food item consumption in the developing countries is set to increase the popularity of the edible flakes over the forthcoming years. Apart from this, the changing dietary patterns of the customers along with a huge preference for processed food sue to hectic lifestyle is expected to define the growth of the edible flakes market during the forecast period.
Plant capacity: Puffed Rice (Muri): 20,000 Kgs / Day Rice Flakes (Poha): 30,000 Kgs / Day Broken Rice Flakes (Poha): 1,500 Kgs / Day Rice Husk (bye product): 15,000 Kgs / DayPlant & machinery: Rs 120 lakhs
Working capital: -T.C.I: Cost of Project: Rs 571 lakhs
Return: 28.00%Break even: 57.00%
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Toughened Glass

Toughening is a process where the glass is heated at high temperatures to make it stronger and more resistant to breakage. This process creates a balance in the product’s internal stresses, so that when the glass is broken, it would crumble into tiny granular chunks instead of breaking into sharp, jagged pieces. Toughened glass is a type of safety glass processed by controlled thermal or chemical treatments to increase its strength compared with normal glass. Toughened glass is a type of soda-lime-silica glass with a sheet thickness 4-12 mm. The sheet has a central tensile stress of 500-1200 kg/cm2 and a ratio of surface compressive stress to central tensile stress of 2:1 to 4:1. The article is toughened by heat exchange with an oil (or chilled air) in which these are maintained from 0.01–0.07 % liquid. The boiling point liquid may be an organic liquid such as carbon tetrachloride, methanol, benzene, toluene, trimethyl alcohol, ethyl alcohol or Xylene etc. The current market size of flat glass industry in India is 1.32 MN tonne annually. Indian glass industry consists as elsewhere of a number of distinct segments: architecture (45% market share), automotive (15% market share), and value added glass (10% market share), mirrors and furniture (15% market share), respectively. The total market of glass valued at Rs. 340 bn in 2015. The industry is growing at around 15% per annum. Consumption per capita of glass in India is only 1.2 kg compared 15 kg in China, 9 kg in developed countries and 35 kg in the USA. The global glass market size was valued at USD 68.71 billion in 2014. It is expected to attain a CAGR of nearly 7.1% from 2015 to 2022. Increasing use of flat glass in photovoltaic modules, solar panels and e-glass owing to rising need for clean energy is anticipated to be one of the key trends escalating market growth. Toughened Glass Market size was over USD 24.5 billion in 2016 and industry expects consumption above 4.3 billion square meters by 2024. Increasing demand for furniture including table tops, shelves and cabinets and other interior applications should stimulate toughened glass market size. Toughened glass market size from furniture applications should witness significant gains up to 2024 owing to increasing demand for innovative furniture designs for interior applications accompanied with improving lifestyle patterns of consumers. Few Indian major players are as under Atul Glass Inds. Ltd Floatglass India Ltd. Friends Glass & Glazing Pvt. Ltd. Saint-Gobain Sekurit India Ltd. Gold Plus Glasses India Ltd. Sisecam Flat Glass India Pvt. Ltd. Triveni Glass Ltd Triplex Glass Works Pvt. Ltd
Plant capacity: Toughened Glass (Size of Sheet 8 ft x 12 ft.): 4,000 Sq. Ft. / DayPlant & machinery: Rs 332 lakhs
Working capital: -T.C.I: Cost of Project : Rs 939 lakhs
Return: 24.00%Break even: 46.00%
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Pasta and Macaroni

Pasta is a food that is loved by people of all age group. It is not just easy to make but can be a healthy food option when combined with veggies and nutritious sauces. This food is not just tasty but also has an interesting production process. The production process can be divided into a series of steps and has three key factors. The list of factors that influences the quality of production are raw material, presence of skilled employees and processing technology. Macaroni is dry pasta shaped like narrow tubes. Made with durum wheat, macaroni is commonly cut in short lengths; curved macaroni may be referred to as elbow macaroni. Some home machines can make macaroni shapes, but like most pasta, macaroni is usually made commercially by large-scale extrusion. The curved shape is created by different speeds of extrusion on opposite sides of the pasta tube as it comes out of the machine. Macaroni is a variety of pasta and is used to make various pasta recipes. Macaroni can be substituted in many recipes which call for other types of pasta like penne, fusilli, rigatoni etc. According to “India Pasta Market By Product Type, By Shape Type, By Distribution Channel, Competition, Forecast & Opportunities, 2013-2023” pasta market stood at over $ 178 million in 2017 and is projected to grow at a CAGR of around 17% to reach $ 453 million by 2024 on account of increasing awareness about health benefits of pasta as it is made of semolina durum wheat and not from refined flour. The primary factors catalyzing the growth of the pasta market in India include rising urbanization, changing lifestyles and surging demand for ready-to-eat products. In addition to this, the market is also influenced by an increasing women employment rate coupled with rising disposable incomes. Further, the health-conscious consumers are demanding food products with healthier ingredients, which has led to a rise in the demand for pasta made with whole-wheat and quinoa. Some of the other forces that have been proactive in maintaining the market growth are longer shelf-life and ease of preparation. The primary factors catalyzing the growth of the pasta market in India include rising urbanization, changing lifestyles and surging demand for ready-to-eat products. In addition to this, the market is also influenced by an increasing women employment rate coupled with rising disposable incomes. Further, the health-conscious consumers are demanding food products with healthier ingredients, which has led to a rise in the demand for pasta made with whole-wheat and quinoa. Some of the other forces that have been proactive in maintaining the market growth are longer shelf-life and ease of preparation. Few Indian major players are as under Weikfield Foods Pvt. Ltd. Venkatramana Food Specialities Ltd Nestle India Ltd. M T R Foods Pvt. Ltd. Fieldfresh Foods Pvt. Ltd. Capital Foods Pvt. Ltd. Bambino Food Inds. Ltd. Bambino Agro Inds. Ltd.
Plant capacity: Pasta (1 Kg Pack): 13,000 Packs / Day Macaroni (1 Kg Pack): 13,000 Packs / DayPlant & machinery: Rs 863 lakhs
Working capital: -T.C.I: Cost of Project : Rs 1300 lakhs
Return: 12.00%Break even: 65.00%
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Moringa Oleifera (Drumstick) Powder

Moringa Oleifera is the most widely cultivated species of the genus Moringa, which is the only genus in the family Moring aceae. English common names include: moringa, drumstick tree (from the appearance of the long, slender, triangular seed-pods), horseradish tree (from the taste of the roots, which resembles horseradish), ben oil tree, or benzoil tree (from the oil which is derived from the seeds). The powder prepared from drumstick can be used as a flavoring agent for various non-vegetarian dishes to enhance the flavour of chicken or meat and can also be used for drumstick soup preparation by adding spice powder and other ingredients. In addition it can also be used as a thickening agent for Sambar and chutney preparation, instant soup powder and in parotta along with potato as a flavour enhancer. India is the largest producer of moringa, with an annual production of 1.1 to 1.3 million tonnes of fruits from an area of 380 km². Among Indian states, Andhra Pradesh leads in both area and production (156.65 km²) followed by Karnataka (102.8 km²) and Tamil Nadu (74.08 km²), a pioneering state having varied genotypes from diversified geographical areas and introductions from Sri Lanka. Drumstick is one of the world’s most useful trees with potential to improve nutrition, boost food security, and foster rural development and support sustainable land care. From leaves and root to pods and seeds, all parts of the drumstick tree are highly edible. The increasing awareness about the health advantages of moringa products will be one of the major factors that will have a positive impact on the global moringa products market during the forecast period. Over the years, moringa products such as moringa leaf powder have seen a growth in the sales in the global market. The rising health awareness in countries such as Europe and Americas have given rise to the increasing usage of moringa products by the consumers. This will drive the moringa products market future growth till 2022. India is the prevalent producer of Moringa with an annual production of 1.3 million tonnes of tender fruits from an area of 38,000ha. Among the states, Andhra Pradesh leads in both area and production (15,665 ha) followed by Karnataka (10,280 ha) and Tamil Nadu (7,408 ha). In other states, it occupies an area of 4,613 ha. The drumstick is valued mainly for its tender pods, which are relished as vegetable but all its parts – bark, root, fruit, flowers, leaves, seeds and even gum – are of medicinal value. They are used in the treatment of as cites, rheumatism and venomous bites as antiseptic and as cardiac and circulatory stimulants. India is the largest producer of drumstick with an annual production of 1.1 to 1.3 million tonnes grown over 38,000 hectares. Gujarat state provides a large market for drumstick. All districts in Maharashtra, Indore, Gwalior, Madras, Kerala whole of South India, Uttar Pradesh provide a good potential for inland Market. In pharmaceutical there are number of verticals but nutraceutical is an area which is growing at faster speed in India due to awareness for healthcare. Increased life span in India and growing population of senior citizens has increased the demand for nutraceutical products and their ingredients like drumstick powder. It is estimated that nutraceuticals demand is growing at the rate of 10% per annum. Drumstick is a natural medicine for nourishment & digestive disorder. Moringa leaves and pods can help decrease developing countries’ dependence on imported goods, such as vitamin and mineral complexes that ward off nutritional deficiency but are too expensive to be used in a sustainable way. Originated from India, moringa trees are now found in Ghana, the Philippines, Nigeria, Kenya, Rwanda, Niger, Mozambique, Cambodia and Haiti. Today, the moringa market globally is estimated at more than Rs 27,000 crore, which is expected to cross Rs 47, 250 crore by 2020, growing at a rate of nine per cent per year. Few Indian major players are as under Ayurvedic Pharmaceutical Co. Ltd. Ayurvedshri Herbals Ltd. Ganga Pharmaceuticals Ltd. Gayatri Herbals Pvt. Ltd. Indian Medicines Pharmaceuticals Corp. Ltd. Heal Ayurveda Pharmacy Ltd. Kerala Ayurveda Ltd. Indus Biotech Pvt. Ltd. Surya Herbal Ltd. Sanatan Herbal & Naturals Ltd.
Plant capacity: Drumstick (Moringa Oleifere) Powder: 400 Kgs / DayPlant & machinery: Rs 31 lakhs
Working capital: -T.C.I: Cost of Project : Rs 71 lakhs
Return: 29.00%Break even: 71.00%
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Biodegradable Plastic Bags from Corn & Cassava Starch

Corn starch has 25% amylose and 75% amylopectin. The amylose molecules loose lose water increase biodegradation characteristic and amylopectin molecule is responsible for plasticizer properties. Their granule size ranges between 5 to 20 microns. i.e. good absorption capacity, rapid gel formation & good strength. Starch is used to produce such diverse products as food, paper, textiles, adhesives, beverages, confectionery, packaging, pharmaceuticals, and building materials. Cassava starch has many remarkable characteristics, including high paste viscosity, high paste clarity, and high freeze-thaw stability, which are advantageous to many industries. Cassava starch could be used for making various types of packaging products. As a major source of starch in tropical and subtropical regions, cassava is a promising raw material for the development of biodegradable plastics in these areas. Biodegradable packaging sector is a small segment which represents a merger percentage of the packaging industry. The global biodegradable packaging has now moved on towards more advanced and efficient packaging. A decade ago, biodegradable packaging was not known to have any real significance. However, recently biodegradable packaging has become an integral part of the global packaging market. The rising consumer awareness towards biodegradable packaging has led to the tremendous growth of the overall market. Cassava bags are made by making PLA(Poly(lactic acid) or polylactic acid or polylactide (PLA) is a biodegradable and bioactive thermoplastic aliphatic polyester derived from renewable biomass, typically from fermented plant starch such as from corn, cassava, sugarcane or sugar beet pulp). These PLA resins (granules) are then added to a machine (film blower machine) and make the bio plastic sheets, then these bioplastics sheets are feeded into bag making machine and cut bags. The global biodegradable plastic packaging market was valued at USD 4.65 billion in 2019, and is expected to reach a market value of USD 12.06 billion by 2025, registering a CAGR of 17.04% during the forecast period of 2020-2025.Growing environmental concerns regarding plastic usage that consists of toxic pollutants which are harming plants, animals, and people are driving the use of biodegradable plastic. Stringent regulations by various government and federal agencies with an objective to reduce plastic waste and promote biodegradable plastics usage in packaging is boosting the demand of this market. Regulations related to green packaging is increasing and various FMCG companies are required to adopt biodegradable packaging to comply with the standards which in turn is propelling the growth of this market.
Plant capacity: Biodegradable Plastic Bags from Corn Starch (Per Bag 25 gms Size) : 6 MT / Day Biodegradable Plastic Bags from Cassava Starch (Per Bag 25 gms Size) : 6 MT / DayPlant & machinery: Rs 1053 lakhs
Working capital: -T.C.I: Cost of Project : Rs 1768 lakhs
Return: 27.00%Break even: 51.00%
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Aluminium Ingots from Aluminium Scrap

Ingots are very large casting products, greater in size and shape than blooms, billets and slabs. Ingot generally has rectangular/square cross section, but it is not necessary that it should be uniform throughout its length. (Ingot may have variable cross section.) Aluminium Alloy Ingots Like LM-2, LM-4, LM-6 which are commonly used in Gravity and Sand Casting, Pressure Die Casting Alloys like LM-13, LM-14, LM-24, ADC-12, ALSI-132 etc. are also being manufactured as per the Indian and International standards. India's share in world aluminium market is estimated at around 3%. India ranks fifth in bauxite production after Australia (62 mntonnes), Guinea (17.50 mntonnes), Brazil (16.20 mntonnes) and China (10.75 mntonnes). With a total output of 9.25 mntonnes, the country contributes about 6% of the world's total production of 159 mntonnes, India holds the fifth position in reserves base and is ahead of China with 2300 mntonnes. India ranked seventh in alumina production with a total output of 3 mntonnes, a share of nearly 5% of the global production of 61 mntonnes. The per capita consumption of aluminium in India continues to remain abysmally low at under 1 kg as against nearly 25 to 30 kg in the US and Europe, 15 kg in Japan, 10 kg in Taiwan and 3 kg in China. Aluminium has a wide range of applications, from aircraft building to packaging, a major consumer being the electrical industry. The two sectors, electricity and transportation, account for more than half of the total off take. The key consumer industries in India are power, transportation, consumer durables, packaging and construction. Of this, power is the biggest consumer (about 44% of total) followed by infrastructure (17%) and transportation (about 10% to 12%). In the transportation sector, aluminium is used for paneling, floors and windows. So far, it is not used for structural parts and bodies of automobiles. An Indian car uses only about 54 kg of aluminium against a global average of 100 to 110 kg. This sets the high potential for growth with the increase in the automobile sector. Aluminium ingots constitutes 25 to 30% of the total aluminium consumed in India. The market for aluminium ingots in India has been growing at around 12% per annum during the last few years. Jindal Aluminum and Hind Alco are the largest players in the Extrusion segment with combined market share of 30%. Other than FRP and Extrusion, Castings is one large segment which primarily serves the automotive market and mostly uses Aluminum in the Scrap form Few Indian major players are as under Vijayshree Alloys (Pune) Pvt. Ltd. Sun Industries Ltd. Shree Balaji Alumnicast Pvt. Ltd. Perfect Alloys & Steel Ltd. Indo Alusys Inds. Ltd. Gravita India Ltd. Baheti Metal & Ferro Alloys Ltd.
Plant capacity: Aluminium Alloy Ingots: 24 MT / Day Aluminium Scrap: 0.40 MT / DayPlant & machinery: Rs 186 lakhs
Working capital: -T.C.I: Cost of Project : Rs 703 lakhs
Return: 30.00%Break even: 62.00%
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Needles for Sewing and Embroidery Machine

Needles for Sewing and Embroidery Machine. Opportunities for Entrepreneurs to Start Own Industry. Embroidery needles are designed for use with fabrics like rayon, polyester, cotton or acrylic embroidery thread. These needles are designed with a special scarf which is a groove out of one side of the needle, and a larger eye to prevent shredding when sewing with special machine embroidery threads. Machine embroidery is most typically done with rayon thread, although polyester thread can also be used. Cotton thread, on the other hand, is prone to breaking and should be avoided if under 30 wt. Related Projects: - Industrial & Engineering Products, Manufactured Goods, Industrial Engineering Products. Mechanical, Engineering, Automobile Industries Household sewing machines reduce the efforts of visiting a tailor every now and then and also save time and money. A typical household sewing machine works on the principle of needle and thread feed mechanism. The construction of a household sewing machine involves spool pin, binder spindle, winder stopper, hand wheel, width, length and tension dials, feed dog, needle and needle plate. The household sewing machines are not only used to stitch torn clothes but are in fashion for making creative embroideries on clothes and canvas. Connoisseurs and artisans all over the world find a household sewing machines to be of a great help. Sewing Machine Needle Sizes Understanding the numbers associated with sewing machine needles will help you make the correct choice and possibly solve machine problems. All of the numbers associated with sewing machine needles can stop you in your tracks. It's a simple labeling system, but the confusion comes in because they use both a European and American labeling system. The American system uses 8 to 19, 8 being a fine needle and 19 being a thick heavy needle. Related Project: - Needles For Sewing and Embroidery Machine European sizes range from 60 to 120, 60 being a fine needle and 120 being a thick heavy needle. Either way, the higher the number, the thicker/heavier the needle. Market Outlook Household Sewing Machines Market: Dynamics The primary reason to buy household sewing machines by end users is to enable saving on professional and labour fee on petty stitch works and also creation of custom embroidery, clothing articles. Also, growing preference for embroidery-based clothing and customization of fabric in recent commercial fashion design sector is also expected to impact the growth of household sewing machines market. The household sewing machines market in general is expected to sustain its notable presence and witness a healthy growth owing to perennial demand generating demographics consisting of female population in the globe. However, lack of awareness about various applications that can be carried out on household sewing machines can be a restraint to the growth of the household sewing machines market. The globe to enhance skills is expected to significantly boost the global household sewing machines market in the recent years. In countries of South-East Asia, Africa and Latin America, the regional government has enabled subsidies on procurement of household sewing machines to the women workforce based in rural areas in an endeavor to promote the domestic small-scale apparel and handicrafts sector. Market Research: - Market Research Report The growth in population and ecommerce preferences in developing countries increase demand from textile industry. Growing demand from the textile industry influence the sewing machine components market in terms of growth. Asia pacific is expected to be prominent region in sewing machine components market. Major investment by overseas players in Asia pacific textile industry deliver significant demand for the sewing machine that propel the demand for sewing machine components over the forecast period. During this long period of existence the industry has upgraded itself through innovations and introductions of new products at regular intervals. Sewing and embroidery machinery industry is coming every day with some new features in their machineries to keep abreast with end users requirement. Adaptability and ease of use are becoming the determining factors for the success of a product. Related Video: - Industrial & Engineering Products, Manufactured Goods, Mechanical, Automobile, Metal, Metallurgical, Wire, Aluminum, Copper Products, LPG Cylinder An emergence of embroidery as a major fashion trend has propelled the demand for power-operated embroidery machines across the commercial textile industry. However, a primary burden of compliance on embroidery machine industry is hampering the overall market growth. Key Players:- Groz Engineering Tools Pvt. Ltd. Needle Industries (India) Pvt. Ltd. Schmetz India Pvt. Ltd. Singer India Ltd. Examples of some of the market participants in the global sewing machine components market identified across the value chain include Bernina International AG Rieter Group Brother Industries Ltd. Janome Sewing Machine Co. Ltd., JUKI Corporation SEW-EURODRIVE Reliable Corporation Singer Corporation Tags:- #needlesforsewing #Sewingneedles #Needles #embroidery #embroiderymachine #sewingmachine #sewing #sewingNeedle #businessconsultant #businessfeasibilityreport #DetailedProjectReport #EntrepreneurIndia #startupideas #NPCS #feasibilityReport
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Return: 1.00%Break even: N/A
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Production of Hot Melt Adhesives (HMA) For Book Binding, Packaging and Courier Bag.

Production of Hot Melt Adhesives (HMA) For Book Binding, Packaging and Courier Bag. Opportunities for Entrepreneurs to Start Own Industry in Adhesives Sector. Hot melt adhesives are generally 100% solids formulations supported thermoplastic polymers. They solid at temperature and are activated upon heating above their softening point, at which stage they're liquid, and hence are often processed. After application, they retain the power to wet the substrate until they solidify. Upon solidification, they return to a physical state that has structural integrity and may function as an adhesive. The adhesive is applied by extruding, rolling, or spraying and joining is administered immediately after application or after reheating the solidified layer. The variability of polymers during this class is very wide and includes both natural and synthetic polymers. The high viscosity of the melt makes them particularly suitable for porous and permeable substrates which otherwise would be more difficult to bond with a solvent system. A feature of hot melts is that on cooling they very rapidly build up their internal strength allowing rapid assembly and further processing. Because they're based on thermoplastic polymers, hot melts are often repeatedly heated to melt and cooled to solidify. This property limits the temperature resistance of hot melt bonds and that they even have a tendency to creep when subjected to continuous stress or elevated temperatures. On the plus side, these adhesives are often wont to create bonded joints that are thermally detachable and may even be re-attached. Related Projects: - Adhesives and Sealants, Industrial Adhesives, Glues, Gums and Binders, Synthetic Resin, Resins Hot melts are used in many different industries for a wide variety of applications. They are capable of bonding many different substrates including rubbers, plastics, metals, ceramics, glass and wood. The packaging industry is one of the major users. Hot melts are used for carton sealing and assembly of corrugated boxes and paperboard cartons, and for labeling applications. Other uses include shoe-making (bonding toecaps and shoe soles), disposable diapers and sanitary napkins bonding, bookbinding, manufacture of non-woven materials, and various laminating applications in the furniture industry (veneer surrounds and edging). The automotive industry employs hot melts to assemble various products including bonding of carpeting and seat covers. The electronics industry makes also use of hot melts, for example to bond coil windings and coil ends. Hot Melt Adhesives Provide the Following Benefits: A 100 % solids content, free of solvents and water High production speeds due to short setting times A wide range of adhesion to different materials They can level out of irregularities in the surface Smooth surfaces due to a water-free bonding Elastic bondlines Can be reactivated by heat and therefore be used for precoating Joint can be opened by heating (recycling) Related Books: - Gums, Adhesives & Sealants Technology (With Formulae) Market Outlook The global hot melt adhesives market size was valued at USD 6.7 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2020 to 2027. Increasing demand from the packaging and non-woven products application is a significant factor in driving the market growth. Unlike their solvent- or water-based counterparts, hot melt adhesives (HMAs) do not require drying or curing. They can be applied in their molten state and, therefore, can be bonded immediately after the application; this gives them the distinct advantage of faster processing times in various applications including packaging, nonwovens (diapers, and female hygiene products), furniture, industrial assembly, and others. Rising disposable income levels and increasing awareness regarding personal hygiene are likely to boost the demand for nonwoven products like diapers and feminine hygiene products, which, in turn, is expected to drive the segment growth. In woodworking, HMAs are used as general-purpose adhesives for bonding wooden substrates in furniture. An increasing number of refurbishment & restoration projects within the developed economies including new construction activities in emerging economies are likely to propel product demand in woodworking applications. In assembly application, the product is used during a variety of industries including medical, electrical & electronics, and other industrial manufacturing. The fast setting speed and wide temperature range of HMAs are the crucial factors that drive the segment growth. Related Videos: - Adhesives and Sealants, Industrial Adhesives, Glues, Gums and Binders, Synthetic Resin, Resins (Guar Gum, Adhesive [Fevicol Type], Hot Melt Adhesives) Increasing demand from the automotive and packaging industries in Asia-Pacific and the rising environmental concerns regarding solvent-borne adhesives. The ethylene-vinyl acetate segment dominated the market and is expected to witness a healthy growth rate during the forecast period, owing to the increasing demand from the paper, board, and packaging industry, across the globe. The adoption of bio-based hot-melt adhesives is likely to act as an opportunity in the future. Another driver identified in the hot melt adhesives market is the rapid industrialization and expansion of the packaging industry. The emerging economies of Asia Pacific are witnessing substantial increase in the use of hot melt adhesives, especially in the automotive and packaging industries. Increasing purchasing power of individuals and changing consumption trends have led to the development of more varied, complex, and eco-friendly products, thereby calling for higher consumption of these adhesives. Market Research: - Market Research Reports, India and Global Industry Analysis The construction industry has relied on solvents for adhesives needs for decades. Hot melt has begun to replace solvent-based products. Construction is one area that industry watchers predict hot melt use will rapidly grow, outpacing the expected growth in other industries. Booklet labels, labels that require you to peel away the top layer to reveal the text related to the contents of a box, package or item, will need adhesives. Hot melt meets these needs without any environmental worries or problems with application. Many advertisers have been marketing through labeling. This trend will likely continue, increasing revenue for hot melt products in this market. Hot melt adhesives are industrial strength adhesives that are thermally melted and then allowed to cool in order to achieve their adhesive properties. They are made primarily of one or more polymers and a combination of additives such as resins and pigments that provide different characteristics to various adhesives. Hot melt adhesives are named for their polymer bases, providing different types of hot melt adhesives like ethylene vinyl acetate, polyamide, and polyurethanes for numerous industries and applications, including packaging, product assembly, woodworking, bookbinding, and product labeling. Related Books: - Adhesives, Chemical, Drugs, Gums, Insecticides, Jute, Pesticides, Petro Chemicals Increasing Development of Bio-Based Hot Melt Adhesives to Offer Immense Growth Opportunities in the Market Due to the rising environmental concerns, companies are developing bio-based adhesives to replace the chemical-based ones. In order to enhance the sustainability efforts without compromising performance, companies are developing these bio-based hot melts. For example, DowDuPont Inc. has developed a new hot melt adhesive, which offers benefits including improved water resistance, high flexibility, and good adhesion on a variety of substrates. Hence, it is expected to create ample opportunities for the industry players operating in the hot melt adhesives market. Projects: - Project Reports & Profiles Key Players:- 3M India Ltd. Anabond Ltd. Ciba India Ltd. D H Resins & Chemicals Pvt. Ltd. Dow Corning India Pvt. Ltd. Eftec (India) Pvt. Ltd. Golden Chem-Tech Ltd. H B Fuller India Adhesives Pvt. Ltd. Henkel Adhesives Technologies India Pvt. Ltd. Henkel Anand India Pvt. Ltd. Jyoti Resins & Adhesives Ltd. Mccoy Soudal Sealants Adhesives & Foams Pvt. Ltd. Metlok Pvt. Ltd Nikhil Adhesives Ltd. Polyinks Ltd. Renuka Adhesives Ltd. Resinova Chemie Ltd. Yug Decor Ltd. Tags: - #DetailedProjectReport #businessconsultant #BusinessPlan #feasibilityReport #NPCS #entrepreneurindia #startupbusiness #HotmeltAdhesives #Hotmelt #Adhesives #Hotmeltglue #Packaging #Industrialhotmelt #HotMeltAdhesivesMarket #HotMeltAdhesivesMarketGrowth #HotMeltAdhesivesMarketDemand #HotMeltAdhesivesMarketForecast #AdhesivesPackaging #AdhesivesIndustry #adhesivesmanufacturing #adhesives #bookbinding #packagingindustry #sealants #AdhesivesMarket #SolventBasedAdhesives #waterbasedadhesives
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Production of Banana Wafers (Deep Fried Snack Food).

Production of Banana Wafers (Deep Fried Snack Food). Business Plans & Investment Opportunity for Entrepreneurs. Fried banana wafers are prepared by peeling and slicing fully matured but unripe bananas and deep-fat frying the slices in suitable edible oil or fat, or combinations thereof. The bananas are sliced breadth wise to give thin circles that are dropped straight into the frying medium held at proper temperature for a time to render them crisp. Salt and other seasonings are added after frying. When coconut oil is used, antioxidants are not found useful. Related Projects: - Banana Products: Banana Flavour, Banana Puree, Banana Based Industries Manufacturing Process It is very well established and simple. It involves visual inspection and sorting of damaged potatoes and bananas and washing them in water. Then they are peeled and trimmed before slicing or cutting them to the required size. Then they are once again washed and dried. They are then fried and either salt or other spices/flavours are mixed homogenously. After cooling them, they are packed in pouches or plastic bags. A typical process flow chart is as under: Washing, sorting and Peeling of potatoes and bananas Slicing/ Cutting Washing and Drying Frying Seasoning Packaging Slicing/ Cutting Related Projects: - Food Processing and Agriculture Based Projects How to Start Banana Chips making Business? Banana Chips is also known as “Banana Wafers” is generally a banana dried slices. The banana contains the genus Musa herbaceous plants that are soft, and sweet. This type of banana is also known as “Desert Banana. Do you want to start Banana Wafers Making Business? So, StartupYo provides complete information about how banana chips made licenses and permissions required starting banana wafers chips making business, what are the raw materials required for the preparation of banana chips, banana chips plan cost and many more. So keep reading this banana chips making business project plan article where you can get full clarification about how can I start banana chips business with low investment. Step – 1: Firstly, you need to know banana wafers making business opportunities in the market Step – 2: Secondly, you must know the registration process and licenses for banana chips making business Step – 3: Thirdly, you should know banana chips plan cost production unit and machinery details Step – 4: After that, what are the raw materials required for the banana wafers chips making business Step – 5: Then after, banana chips making business project plan flowchart Step – 6: Lastly, banana chips plant cost details Related Books: - Food Processing, Food Industry, Agriculture, Agro Processing, Processed Food Market Outlook The Indian banana processing industry has reported a significant growth in recent years, and is presenting ample opportunities to the industry players. With cold storage, infrastructure enhancement and rising awareness about packaged processed banana products, the Indian banana processing market is poised to scale newer acmes. Moreover, change in taste and preference of the consumer, increasing demand for healthy and nutritional food and government initiatives are set to further boost the market's growth. The Global Snack Food Market was valued at USD 450 billion in 2017 and is expected to reach a value of USD 638 billion by 2023 at a CAGR of 5.79% during the forecast period (2018-2023). While the factors like demand for urbanization and change in lifestyle fuel the growth of the market, whereas government rules and health concerns are hindering the market growth. The growing demand in developing regions and development of innovative products provides ample growth opportunities. Related Videos: - Processed Food Industry India will be the main market for this product. The Indian snack market is worth around US$3 billion. India is one of largest snack markets in Asia -Pacific region. There are approximately 1000 types of snacks and another 300 types of savories being sold in the Indian market today. Potato chips are most popular snack sold in the Indian market. There is a big market for snacks in India as urban Indian consumers eat readymade snacks 10 times more than their rural counterparts. Because of expanding nuclear families and more number of female professionals, India has witnessed a significant increase in the demand of ready to eat snacks and consumers are likely to replace light meals with snacks. Over 90% of bananas produced in India are consumed domestically as fresh fruit. And it is estimated that processing in banana is only to an extent of 2.5% of which about 1.80% is used to process banana wafers. The rest is processed into the banana puree, panchamritham, banana pulp, banana beer, banana powder and so on. Market Research: - Market Research Report Key Players:- A D F Foods Ltd. Balaji Wafers Pvt. Ltd. D F M Foods Ltd. Haldiram Foods Intl. Ltd. Hello Indo Food Products Pvt. Ltd. Kishlay Foods Pvt. Ltd. Laxmi Snacks Pvt. Ltd. Parle Products Pvt. Ltd. Prataap Snacks Ltd. Pure N Sure Food Bites Pvt. Ltd. Rishabh Food Products Ltd. Sushma Snacks Pvt. Ltd. Sweet India Pvt. Ltd. Tags: - #bananachips #bananawafers #BananaProduct #Banana #snackfood #Snackfoodbusiness #snackfoodmanufacturing #FoodIndustry #SnackFoodIndustry #DetailedProjectReport #businessconsultant #BusinessPlan #feasibilityReport #NPCS
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Return: 1.00%Break even: N/A
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