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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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Synthetic Camphor Powder

Camphor is a waxy, flammable, white or transparent solid with a strong aroma. It is a torpedoed with the chemical formula C10H16O. It is found in the wood of the camphor laurel (Cinnamomumcamphora), a large evergreen tree found in Asia and also of the unrelated kapur tree, a tall timber tree from the same region. It also occurs in some other related trees in the laurel family, notably Ocoteausambarensis. The oil in rosemary leaves (Rosmarinusofficinalis), in the mint family, contains 10 to 20% camphor, while camphorweed (Heterotheca) only contains some 5%. Camphor can also be synthetically produced from oil of turpentine. It is used for its scent, as an ingredient in cooking, as an embalming fluid, for medicinal purposes, and in religious ceremonies. Synthetic camphor is a plasticizer in paints and lacquers, and it stabilizes smokeless gunpowder pyrotechnics. For personal applications, synthetic camphor is found in such pharmaceuticals as antipruritics and anti-infective as well as in rubefacient medications that relieve pain and itching. It is also an ingredient in over-the-counter medications like cough remedies and ear drops. Used in the manufacture of cellulose nitrate, polyvinyl chloride and plastics. The global market for synthetic camphor is estimated to be valued at US$ 322.3 Mn by the end of 2018 and is expected to reach a market value of US$ 571.6 Mn by the end of 2028, expanding at a CAGR of 5.9% over the forecast period. The global market is anticipated to represent incremental opportunity worth US$ 249.3 Mn between 2018 and 2028. Synthetic camphor is used in production of insecticides such as moth repellants and mosquito repellants. With the rising awareness around the air purifying properties of synthetic camphor, the demand for synthetic camphor powder has seen an upsurge from the downstream producers of synthetic camphor tablets. Few manufacturers are also noted to offer synthetic camphor powder as well as tablets in addition to offering the two aforementioned grades of synthetic camphor. The increasing scope of applications of plastics has also proven to act in the favor of synthetic camphor as it is employed as a plasticizer in the production of celluloid and PVC plastics. Thus, due to demand it is best to invest in this project. Few Indian major players are as under Camphor & Allied Products Ltd. Oriental Aromatics Ltd. Saptagir Camphor Pvt. Ltd. Vinayak Ingredients (India) Pvt. Ltd. KanchiKarpooram Ltd. Mangalam Organics Ltd.
Plant capacity: Synthetic Camphor Powder: 8 MT / DayPlant & machinery: Rs 315 lakhs
Working capital: -T.C.I: Cost of Project : Rs 1152 lakhs
Return: 28.00%Break even: 52.00%
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Disposable Plastic Syringes

A syringe is a simple piston pump consisting of a plunger that fits tightly in a tube. The plunger can be pulled and pushed along inside a cylindrical tube (the barrel) allowing the syringe to take in and expel a liquid or a gas through an orifice at open end of the tube. The open end of the syringe may be fitted with a hypodermic needle (a hollow needle commonly used with a syringe to inject substances into the body or extract fluids from it), a nozzle or tubing to help direct the flow into and out of the barrel. Disposable Syringes are being used by doctors to inject medicines through intravenous or intramuscular ways for the treatment of diseases & also by research & development personnel. Disposable syringes are made of plastic material and are used in the field of medical and veterinary science. Due to their availability in sterilized condition, ready to use, and cost effectiveness, disposable syringes are fast replacing the age-old glass syringes. Disposable syringes commonly are used in modern medicine for the injection of drugs and vaccines or for the extraction of blood. Among the common uses of disposable syringes are the injecting of insulin by a diabetic person and the administering of a local anesthesia by a dentist. A medical syringe that is used to give shots to more than one person without being properly sterilized is a potential source of disease. This can be an especially pressing concern in poor or undeveloped areas, where an injection often cannot be given under ideal medical conditions. The syringe market is expected to witness a robust growth owing to several factors, such as the rise in the demand for pre-filled syringes, growing prevalence of chronic diseases, such as diabetes, infectious diseases and cardiovascular diseases and the increase in the usage of Botox for therapeutic applications. Moreover, the increased adoption of inject table drugs, technological advancements in syringes, the increase in the geriatric population, growing number of vaccination and immunization programs are expected to drive the volume growth over the next few years. According to WHO estimates, around 16 billion injections are administered globally on an annual basis. On the other hand, the rise in the incidence of needle-stick injuries, a high cost associated with safety syringes, and disposable syringes are likely to hinder the growth of the syringe market globally. The Disposable Syringes market was valued at USD 7.10 billion in 2019 and is predicted to grow at a CAGR of 6.1% during the forecast period and is anticipated to reach USD 12.91 Billion by 2027. The growth of the market is attributed to growing prevalence of chronic diseases, especially diabetes, an increase in the usage of Botox, increased adoption of inject table drugs, technological advancements in syringes, an increase in the geriatric population, a growing number of vaccination and immunization programs. Based on the WHO estimates, 16 billion injections are administered each year globally. A Disposable Syringes is a medical tool used to administer injections of intravenous drugs into the patient’s blood stream or to draw blood sample. The rise in the population of geriatric patient, rising rate of diabetes across the world is another healthcare crises that drives the market growth. In addition, the convenience and practical approach in equipment handling is anticipated to boost the market during the forecast period. As a whole any entrepreneur can venture in this project without risk and earn profit. Few Indian major players are as under Baxter Pharmaceuticals India Pvt. Ltd. Disposable Medi-Aids Ltd. Hindustan Syringes & Medical Devices Ltd. Novo Nordisk India Ltd. Schott Kaisha Pvt. Ltd. S O L Pharmaceuticals Ltd.
Plant capacity: Disposable Plastic Syringes 2 ml Size: 700 Boxes / Day (Each Box = 100 Pcs) Disposable Plastic Syringes 3 ml Size: 700 Boxes / Day (Each Box = 100 Pcs) Disposable Plastic Syringes 5 ml Size: 600 Boxes / Day (Each Box = 100 Pcs)Plant & machinery: Rs 420 lakhs
Working capital: -T.C.I: Cost of Project : Rs 981 lakhs
Return: 22.00%Break even: 53.00%
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Bamboo Paper Based Products Tissue Paper, Paper Bags & Plates

Tissue paper is produced by using the paper pulp of hardwood and softwood trees, water and chemicals. It is majorly used for hygiene and sanitation purposes as it is more suitable and convenient to use for cleaning and dry wet surfaces. In addition, tissue paper is the soft, absorbent and disposable paper which is used for multipurpose including cleaning face as most suitable alternatives to the washable handkerchiefs, toilet paper, table napkins, etc. Toilet paper comes in various plies or layers of thickness, from one-ply all the way up to six-ply, meaning that it is either a single sheet or multiple sheets placed back to-back to make it thicker, stronger and more absorbent. Facial tissue and paper handkerchief refers to a class of soft, absorbent, disposable papers that are suitable for use on the face. They are disposable alternatives for cloth handkerchiefs. Paper bags are widely used in clothing, food, shoes, gifts, alcohol, drugs and other areas of packaging. At present, we can use them a lot of paper divided into two types of mobile. Bamboos plates are eco-friendly are come from 100 percent bamboo. They are also both compostable within a quick 2-6 months depending on the product and the process used to create it. Bamboo is quickly becoming very popular due to its ease of growth and cultivation. It can grow in many kinds of climates and reproduces both quickly and easily. Increasing awareness regarding health and hygiene among the population is one of the key factors supporting the growth of the tissue paper market. The other key factors which are responsible for driving the tissue paper market include ease of use, cost-effectiveness and low penetration of tissue paper substitutes across the globe. Moreover, increasing women workforce has led to the growing usage of tissue paper products that will further boost the global tissue paper market. A rise in the healthcare expenditure and change in the lifestyle of consumers will propel the growth of the tissue paper market. In addition, booming tourism and hospitality industries will increase the demand for tissue paper globally. For instance, the transportation cost of tissue papers is increasing then its actual cost owing to the spread of the COVID-19 across the globe which will further impact the growth of the tissue paper market. However, fluctuation in raw material prices and increasing concern regarding the deforestation will hamper the growth of the global tissue paper market. Globally the organic tissue paper market is estimated to escalate at a higher growth rate which is supported by increasing demand of naturally biodegradable personal care products. Rising application of organic tissue paper for facial application is supporting the market growth. Availability of different product type and improved distribution channel is playing the key role for organic tissue paper market growth. All these factors contribute to the calculated CAGR of 4.2% of organic tissue paper market during 2017-2023. The Indian Paper Industry accounts for about 1.6% of the world’s production of paper and paperboard. The global paper industry is highly concentrated in the China, United States, Japan, Germany, Canada, Finland, Sweden & Indonesia which together accounted for more than 65% of total paper production. This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under B & A Packaging India Ltd. Kimberly-Clark India Pvt. Ltd. Pudumjee Paper Products Ltd. Andhra Paper Ltd. Johnson & Johnson Pvt. Ltd. Nippon Paper Foodpac Pvt. Ltd.
Plant capacity: Tissue Paper per Packet 25 Pcs. each : 7,000 Pkts. / Day Paper Bag per Packet 10 Pcs. each : 7,200 Pkts. / Day Paper Plate per Packet 10 Pcs. each : 2,500 Pkts. / DayPlant & machinery: Rs 73 lakhs
Working capital: -T.C.I: Cost of Project : Rs 307 lakhs
Return: 27.00%Break even: 60.00%
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Tomato Products Tomato Ketchup, Sauce and Soup

Tomatoes are widely consumed and worldwide cultivated. They are one of the most important crops around the world. Tomato (Lycopersiconesculentum) belongs to the genus Lycopersicon under Solanaceae family. Tomato is an herbaceous sprawling plant growing to 1-3 m in height with weak woody stem. The flowers are yellow in colour and the fruits of cultivated varieties vary in size from cherry tomatoes, about 1–2 cm in size to beefsteak tomatoes, about 10 cm or more in diameter. Most cultivars produce red fruits when ripe. Tomato is a native to Peruvian and Mexican region. Tomato is indigenous to the Peru and Equator region in South America and it probably evolved from Lycopersiconesculentum var. cerasiforme, the cherry form. However, it was domesticated and first cultivated in Central America by early Indian civilizations of Mexico. Tomato is a valuable raw material used for processed products such as juice, puree, and paste, ketchup/sauce, and canned whole. The recent scientific advances have revolutionized tomato processing industries. Tomato ketchup, Soups and Sauce are all palatable foods, used in all hotels, restaurants and houses. Tomatoes sauce and ketchup can enhance the flavor of almost any cooked dish. Cooking tomatoes — such as in spaghetti sauce — makes the fruit heart-healthier and boosts its cancer-fighting ability. All this, despite a loss of vitamin C during the cooking process, substantially raises the levels of beneficial photochemical. Ketchup is a sweeter and diluted version of puree (Pulp). Tomato sauce tastes sweet and sour. Both sauce and ketchup are consumed with food and snacks. Tomato processing industry is huge. The only ketchup and sauce market in India is pegged at Rs 1,000 crore and growing at around 20% year-on-year. There is a big market for the processed tomato products. The market scenario has revealed a positive indication for the specially packed tomato sauce in local as well as outside market. Rapid urbanization has increased the use of processed tomato products. Fast food and ketchup are directly proportional to one another. The sweet and tangy taste provided by ketchup adds to the entire experience of a delicious or finger licking meal. Thus the rise in the demand for fast food has resulted in the rise in the demand for ketchup in India. With the growing patterns of fast food consumption in the country the need for ketchup is also increasing. According to a recent survey conducted by Down to Earth it is estimated that Indians spend about ` 4,449 crore a year in fast-food centers. Entrepreneurs who invest in this project will be successful. Few Indian major players are as under Adinath Agro Processed Foods Pvt. Ltd. Cremica Food Inds. Ltd. Nestle India Ltd Hindustan Unilever Ltd. Sublime Foods Ltd. Veeba Food Services Pvt. Ltd. Tropicana Beverages Co
Plant capacity: Tomato Ketchup (500 gms Size Glass Bottle) : 2,000 Kgs / Day Tomato Sauce (500 gms Size Glass Bottle): 2,000 Kgs / Day Tomato Soup (50 gms Size Pouch): 1,000 Kgs / DayPlant & machinery: Rs 387 lakhs
Working capital: -T.C.I: Cost of Project : Rs 686 lakhs
Return: 26.00%Break even: 57.00%
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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. 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 are 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. Thus, due to demand it is best to invest in this project. Few Indian major players are as under Abaris Healthcare Pvt. Ltd. Axa Parenterals Ltd. Infutec Healthcare Ltd. Parenteral Surgicals Ltd Pharmazell (India) Pvt. Ltd. Shree Krishna Keshav Laboratories Ltd. Punjab Formulations Ltd.
Plant capacity: IV Fluids (500 ml Size Bottle) :100,000 Bottles / DayPlant & machinery: Rs 751 lakhs
Working capital: -T.C.I: Cost of Project : Rs 1277 lakhs
Return: 26.00%Break even: 54.00%
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Disposable Surgical Gloves

A surgical (surgeon’s) glove is made of natural or synthetic rubber intended to be worn by operating room personnel to protect a surgical wound from contamination. Surgical gloves have more precise sizing (numbered sizing, generally from size 5.5 to size 9), and are made to higher specifications. They are hand specific. Non-latex materials gloves have not yet replaced latex gloves in surgical procedures, as gloves made of alternate materials generally do not fully match the fine control or greater sensitivity to touch available with latex surgical gloves. High-grade non-latex gloves (such as Nitrile gloves) also cost two or more times the price of their latex counterparts, a fact that has often prevented switching to these alternate materials in cost-sensitive environments, such as many hospitals. Powder-free medical gloves are also used in medical clean room environments, where the need for cleanliness is often similar to that in a sensitive medical environment. Similar but specially tested gloves are used in electronics clean rooms. The global disposable gloves market size was valued at USD 8.19 billion in 2017.Growing demand for disposable gloves in medical and healthcare, pharmaceutical, automotive finishing, chemical, and oil and gas industries has been a major factor driving the industry over the past few years. In addition, use of the product in the food processing industry is likely to complement market growth. Increasing awareness pertaining to employee health and safety, coupled with rising concern regarding skin diseases in the industrial sector, is expected to drive the market over the projected period. Technological innovation, supported by availability of customized designs to cater to specific industry demands, is likely to have a positive impact on demand. Increasing aging population and occurrences of chronic health issues necessitate the presence of reliable and upgraded emergency medical services. Growing demand for outpatient, ambulatory care and EMS in U.S. is expected to steer investments in medical infrastructure over the long term, subsequently driving demand for medical products such as gloves. The demand for rubber gloves is rapidly increasing on account of rapid industrialization and urbanization of our country currently taking place. Several workers in the chemical, electrical and food processing industries use rubber gloves. Similarly, the number of people using gloves for household purposes during handling of detergents, floor polishes, pesticides and the like is also increasing especially in the urban areas. As a whole any entrepreneur can venture in this project without risk and earn profit. Few Indian major players are as under Accent Industries Ltd. Acknit Industries Ltd. Casil Health Products Ltd. Casil Health Products Ltd. Sri Kannapiran Mills Ltd. London Rubber India Ltd.
Plant capacity: Disposable Surgical Latex Rubber Gloves (Wt. 4± 0.02 gms each) : 40,000 Pairs / DayPlant & machinery: Rs 240 lakhs
Working capital: -T.C.I: Cost of Project : Rs 936 lakhs
Return: 26.00%Break even: 45.00%
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Natural Glycerine

Glycerine (sometimes called ‘‘glycerin’’) is the name of the commercial product consisting of glycerol and a small amount of water. Glycerol is actually trihydric alcohol C2H5 (OH) 3, which is more accurately named 1, 2, 3-propanetriol. Much of the naturally produced (as opposed to synthetic) glycerin is a coproduce of saponification of fats using caustic soda. Glycerine is a trihydric alcohol and, like other alcohols, forms esters, ethers. Amines, aldehydes, and compounds analogous to metallic alcoholates. But, because of its multiple hydroxyl groups, it can be reacted to form an unusually large number of derivatives. One, two or three of these hydroxyls can be replaced with other chemical groups, thus permitting the synthesis of many different derivatives with properties designed for specific applications. Global glycerin market witnessed a decline in demand in recent years, shadowing the slump in macro economy. The crude glycerin market was largely depressed in comparison to refined glycerin, due to the inability to transform crude glycerin into refined products. Nonetheless, the market has bottomed out of the recession and is displaying early signs of recovery. Operations as well as demand in the overall market for oleo chemicals, including glycerin, improved considerably in 2010. However, increasing prices for feedstock is expected to hinder the market in the near term. Setting up of new plants for conversion of glycerin into polyol including ethylene glycol and propylene glycol is forecast to open a wide range of downstream markets for glycerin. The worldwide glycerin market is known for its unpredictable and complex nature as it is produced as a co-product of canola methyl ester production and is marketed in refined or crude form. Production of glycerin is directly affected by demand in several end use segments including pharmaceuticals, food and personal care. Demand drivers for glycerin market include a wide range of existing applications, economical new end-uses, loyal end users who are unwilling to use substitutes, and eco-friendly nature of products. Further, as glycerin turns less expensive than other humectants, it stands to be the preferred choice among oleo chemicals. Increased applications of glycerin in various sectors such as pharmaceuticals, personal care and food & beverages, coupled with lower import duties in the Chinese market is expected to boost demand for glycerin in the Asia-Pacific region. Latin America is projected to register the fastest compounded annual growth rate of 6.75% over the analysis period. This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under Godrej Consumer Products Ltd. Godrej Industries Ltd. Golden Agro-Tech Inds. Ltd. Gujarat-Godrej Innovative Chemicals Ltd. [Erstwhile] Micron Chemicals Ltd. Ruchi Soya Inds. Ltd. Raj Agro Mills Ltd.
Plant capacity: Natural Glycerin: 50 MT / Day Crude Fatty Acid-by product: 30 MT / DayPlant & machinery: Rs 415 lakhs
Working capital: -T.C.I: Cost of Project : Rs 1537 lakhs
Return: 30.00%Break even: 55.00%
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Dehydrated Onion

Onion is one of the most important commercial vegetable crops grown in India. Both immature and mature bulbs are used as vegetable and condiment. It contains vitamin B and a trace of vitamin C and also traces of iron and calcium. The outstanding characteristic of onion is its pungency, which is due to a volatile oil known as allyl-propyl disulphide. Onions compared with other fresh vegetable are relatively high in food energy, intermediate in protein content and rich in calcium and riboflavin. In the food processing field, dehydration is sometimes described as the removal of 85% or more of water from a food substance, by exposure to thermal energy by various means. Thermal dehydration reduces volume of the product, increases shelf-life, and lowers transportation cost. There is no clearly defined line of demarcation between drying and dehydrating, and latter sometimes being considered as a supplement of drying. Usually, the direct use of solar energy, as in the drying of raisin, layette is not lumped with dehydrating. The term dehydration also is not generally applied to situations where there is a loss of water as the result of evaporation. Dehydrated onions are used chiefly as a constituent in various food products i.e. they are sold to manufacturing concerns as an industrial raw material and demand for dehydrated onions is a function of the demand of these food products. However there is a demand for dehydrated onions for use as culinary onions, both by large catering concerns - institutions and industrial canteens; and for domestic use. The other use of dehydrated onions is in the manufacture of dried soups-once virtually the sole outlet for these products, but now declining in relative importance, as other applications including use in canned soups and stews, baby foods, fish, meat and bakery products and more recently in dried `ready-meals' have been developed. So far as possible both merchants and users were consulted in due course. Since there are relatively few dried soup manufacturers, it was possible to contact a majority of the users in this class. Retail outlets obtain supplies largely from food manufacturers. The different market sectors account for varying proportions of demand for dehydrated onions. Dehydrated onion slices and pieces are sold to all four market sectors. The global market for dehydrated onions registered the revenue worth US$ 950 Mn in 2017, which is likely to reach in excess of US$ 1,500 Mn by the end of 2028.Future Market Insights expects the dehydrated onions market to observe stable growth at a promising CAGR of 4.8% over the 10-year assessment period, 2018-2028. India had exported about 50,000 tonnes in 2016 and the industry is expecting to export about 35,000-40,000 tonnes. India is offering dehydrated onions at $1,650 per tonne while China and Egypt offer it in $2,000 a tonne. On the other hand, the country is having about 20,000 tonnes of dehydrated onion carry-forward stock unsold with the producers. Exports begin in January every year and by June end, the country exports almost 85-90 per cent. In India dehydration of many food products especially vegetables and some fruits are in practices at home and industry level throughout year. Thus, due to demand it is best to invest in this project. Few Indian major players are as under Darshan Foods Pvt. Ltd. Hindustan Foods Ltd. Meghmani Organics Ltd. L M P Gujarat Agro Exports Ltd. Kasaar Innovative Foods Ltd. Jain Irrigation Systems Ltd. S Y P Agro Foods Ltd.
Plant capacity: Dehydrated Onion Sliced/Chopped : 50 MT / Day Cattle Feed as By Product : 35 MT / DayPlant & machinery: Rs 2976 lakhs
Working capital: -T.C.I: Cost of Project : Rs 5116 lakhs
Return: 27.00%Break even: 43.00%
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Banana Powder

Banana is the common name for a type of fruit and also the herbaceous plants of the genus Musa. Banana is amongst the most versatile and most widely eaten fruits in the world today. Bananas come in a variety of sizes and colors when ripe, including yellow, purple, and red. Bananas can be eaten raw though some varieties are generally cooked first. Banana fruit is economically one of the most important fruit produced and consumed in the world. In some parts of the world, banana is called plantain. The soft and sweet fruit of this tropical plant is enjoyed by people from around the world. Fully ripe banana pulp contained 33.6% reducing sugars, 53.2% sucrose, 5.52% protein, 0.68% fat, 0.30% fiber, 2.58% starch and 4.09% ash. Banana has various uses that can be turned into many processed products. In addition to banana exporting, processing banana into different products could mean additional income for banana farmers. Banana powder is a powder made from processed bananas. Banana powder is formed by using banana pulp, which is chopped and then processed with hydraulic shear using a colloid mill, turning it into a paste. The paste is then dried by either spray or drum-drying. Good quality pulp with proper drying produces good quality powder. Spoilage due to microbial and enzyme activity is greatly reduced at the moisture level of 7.0% but caking is easily developed in banana powder during storage if improper packaging materials are used for the purpose due to its high sugar content. Banana powder is a powder made from processed bananas. It is used as a component for production of milk shakes and baby foods. It is also used in the manufacture of various types of cakes and biscuits. Banana powder has been studied to prevent ulcer formation induced by a variety of drugs, including aspirin, indomethacin, phenyl-butanone, Prednisolone, cyst amine and histamine. Banana powder treatment not only strengthens mucosal resistance against ulcer gens but also promotes healing by inducing cellular proliferation. Banana powder also used as natural super disintegrating agent and natural flavoring agent, the banana powder had more disintegration property when compared to synthetic super disintegrates. Banana powder is used as binder in the animal feeds and used additive. Banana powder is also a major source of carbohydrate and calories which makes it more ideal component for infant formula. In terms of value, the global banana powder market is expected to reach a market value of US$ 774.4 Mn by the end of 2027, with an anticipated CAGR of 3.9% over the forecast period. The drivers for the growth of the banana powder market include rising demand for anti-diarrheal in pharmaceutical, rise in production of bakery products using banana powder, increase in use of banana powder for baby food, banana powder is an alternative for gluten free products. India is the 2nd largest producer of fruits in the world. In case of banana, it is the largest producer. The annual world production of fruit is 370 million metric tons. Of which India contributes about 32 million metric tons which accounts for 8% of total fruit production in the world. Thus, due to demand it is best to invest in this project. Few Indian major players are as under Aarkay Food Products Ltd. Canfruit Export India Ltd. Galla Foods Pvt. Ltd. Saish Agro Food (India) Pvt. Ltd Ingredients (India) Pvt. Ltd. Srini Food Park Pvt. Ltd. Vinsari Fruitech Ltd.
Plant capacity: Banana Powder : 1,000 Kgs / DayPlant & machinery: Rs 190 lakhs
Working capital: -T.C.I: Cost of Project: Rs 417 lakhs
Return: 27.00%Break even: 62.00%
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Production of Composite Materials

Production of Composite Materials-Carbon Fiber Composites and Glass Fiber Composites. Manufacturing Business Plan & Investment Opportunity for Entrepreneurs. Composite materials have played an important role throughout human history, from housing early civilizations to enabling future innovations. Composites offer many benefits; the key among them are corrosion resistance, design flexibility, durability, light weight, and strength. Composites have permeated our everyday lives such as products that are used in constructions, medical applications, oil and gas, transportation, sports, aerospace, and many more. Some applications, such as rocket ships, probably would not get off the ground without composite materials. the advantages of Fibre composite materials as well as fundamental effects, product development, and applications of Fibre composites, including material chemistry, designing, manufacturing, properties, and utilization of the materials in various applications. Related Project: - Composite Materials-Carbon Fibre Composites & Glass Fibre Composites Characteristics of Composite Materials High specific strength and modulus, as well as high fatigue strength and fatigue damage tolerance Anisotropic Designable or tailor able materials for both microstructure and properties Production of both material and structure or component in a single Operation - manufacturing flexible, net-shape, complex geometry Corrosion resistance and durable Other unique functional properties - damping, low CTE (coefficient of thermal expansion) Related Projects: - New Projects Why use Composites? Weight saving is one of the main reasons for using composite materials rather than conventional materials for components. While composites are lighter they can also be stronger than other materials, for example, reinforced carbon-Fibre can be up to five times stronger than 1020 grade steel and only one fifth of the weight, making it perfect for structural purposes. Another advantage of using a composite over a conventional type of material is the thermal and chemical resistance as well as the electrical insulation properties. Unlike conventional materials, composites can have multiple properties not often found in a single material. Fibre reinforced composites, such as Fibre reinforced plastic (FRP composites), are finding increasing use in the design and manufacture of final products for commercialization. Related Projects:- Carbon Fiber, Carbon Fiber Composites, Graphite Fibre and Carbon Fiber Reinforced Polymer Projects Uses As with all engineering materials, composites have particular strengths and weaknesses, which should be considered at the specifying stage. Composites are by no means the right material for every job. However, a major driving force behind the development of composites has been that the combination of the reinforcement and the matrix can be changed to meet the required final properties of a component. For example, if the final component needs to be fire-resistant, a fire-retardant matrix can be used in the development stage so that it has this property. Weight Reduction Durability and Maintenance Added Functionality Design Freedom Related Videos:- Carbon Fiber, Carbon Fiber Composites, Graphite Fibre and Carbon Fiber Reinforced Polymer Projects Market Outlook The global composites market size is projected to grow from USD 74.0 billion in 2020 to USD 112.8 billion by 2025, at a CAGR of 8.8%. The composites industry is growing due to the rise in demand for high performance materials, globally. The automotive segment is becoming increasingly obsessive with consumption of carbon fiber and has increased significantly over the past years. The increasing demand for electric vehicles in countries like China and United States is also a major driving factor for the demand for composite material. Asia Pacific had the largest composite material demand and is anticipated to continue dominance owing to favorable FDI policies by Indian and Chinese Governments over the next seven years. Developed regions including North America and Europe are expected to follow Asia Pacific over the next seven years on account of rising lightweight materials used for vehicle components. Nonetheless, lower per capita composite materials consumption in BRIC is expected to provide an impetus for market growth over the forecast period. Favorable government regulations are anticipated to lower entry barriers for new market participants in emerging economies resulting in higher market fragmentation over the next seven years. Increasing demand for lightweight materials in the aerospace and defense industry is expected to drive the demand. Related Project:- Composite Materials-Carbon Fibre Composites & Glass Fibre Composites Composite materials are more expensive than other plastic materials that are utilized in the manufacture of vehicles. This is expected to restrain the automotive composite materials market to some extent in the near future. The basic cost of carbon fiber is way higher than that of metal. Furthermore, the processing of carbon fibers is an expensive process, especially when it comes to mass production of automotive components. However, the development of low-cost manufacturing methods for automotive composites is receiving a lot of attention from leading vehicle manufacturers across the world. These drawbacks of composite materials are expected to hamper the automotive composite materials market. Projects: - Project Reports & Profiles Key players:- Ahlstrom Munksjo Fiber composites India Pvt. Ltd. Chevron Glassfibre Reinforcements Ltd. Cosmos Fibre Glass Ltd. Everlast Composites Pvt. Ltd. Goa Glass Fibre Ltd. Hindoostan Technical Fabrics Ltd. Ineos Styrolution India Ltd. Jushi India Pvt. Ltd. Magnus Composites Synergies Pvt. Ltd. Owens Corning Inds. (India) Pvt. Ltd. Teijin India Pvt. Ltd. U P Twiga Fiberglass Ltd. For More Details, Click Here: - Tags:- #CompositeMaterials #CompositeMaterials #CompositeMaterialsBusiness #CarbonFibreComposite #CarbonFibreCompositeMarket #CarbonFibreCompositeManufacturing #GlassFibreComposites #CompositeMaterialManufacturing #CompositeMaterialProduction #CompositeMaterialIndustry #CompositeMaterialInvestment #CompositeMaterialBook #SatrupCompositeMaterial #DetailedProjectReport #businessconsultant #BusinessPlan #feasibilityReport #ProjectReport #NPCS #bussinessplanshub #Startupbusiness4you #StartupBusinessPlan #startupinvestment #startup #bussinessplanshub #Startupbusiness4you #StartupBusinessPlan #startupinvestment #startup #InvestInStartups #StartupIndiaConsultants #Plan4Business #StartupPlan #InvestingCapitalForBusiness #HowToMakeYourBusinessMoreSuccessful #investorbusiness #Startupcapital #BusinessPlanning #TechnologyTrendsForBusiness #StartupIdea #bookoftheday
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
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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