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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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N95 Mask (5 Ply)

An N95 Mask is a type of Mask with air-purifying, particulate respirator which is a personal protective device designed to help reduce the wearer's inhalation exposure to certain airborne particles. N95 Masks are certified by a US body named NIOSH (National Institute for Occupational Safety and Health). They are masks that fit on the nose and mouth to prevent bacteria and dust particles. They came in different shapes and sizes. N95 Masks are also known as an N95 Respirator Mask, N95 Particle Respirator, N95 Filter Mask, N95 protection mask. To prevent spread of airborne respiratory infection such as COVID-19, wearing of masks or filtering face piece (FFP) respirators are advised. The masks can be simple cloth masks (which can be worn by members of public or outside the high-risk areas), surgical masks which are loose-fitting disposable devices that prevent entry of large size droplets that may contain micro-organisms, and N95 FFP respirators. The most important component of PPE for HCWs during this pandemic is the N95 FFP respirator. The India surgical mask market was valued at $71.73 million in 2019, and is expected to reach $157.13 million by 2027, registering a CAGR of 10.3% from 2020 to 2027. This growth rate is mainly attributed to number of surgical procedures performed in India annually. The country is currently facing a multifaceted burden of infectious disease, neonatal disease, non-communicable diseases, maternal disease, and injuries. The need for surgical products and services in India is expected to continue to rise noticeably from now until 2030. Thus, this overall increase in the number of surgical procedures performed in India is projected to bolster the demand for surgical products such as masks and gloves in the years to come, ultimately driving the growth of the India surgical masks market. Likewise, surgical masks, are being widely used to prevent the transmission of infections and maintain hygiene, as they are sterile, repellant, and do not absorb any bacteria & viruses. Patients and healthcare professionals are susceptible to hospital-acquired infections (HAIs) during medical treatments in a healthcare facility. Thus, this increase in HAIs is further supplementing the India surgical masks market growth. India surgical masks market on the basis of product, distribution channel and sales channel. Based on product, the market is categorized into basic surgical mask, anti-fog surgical mask, fluid/splash-resistant surgical mask, and N95 mask. Based on distribution channel, the market is divided into hospitals & clinics, drug stores and online stores. Based on sales channel, the India surgical masks market is classified into business to business, business to customer and business to government. As a whole any entrepreneur can venture in this project without risk and earn profit. Few Indian major players are as under 3M India Ltd. Good Health Insurance T P A Ltd. Kimberly-Clark India Pvt. Ltd. Mediklin Healthcare Ltd. Surgeine Healthcare (India) Pvt. Ltd.
Plant capacity: N95 Mask 5 Ply (5 pcs per Pkt.): 12,096 Pkts / DayPlant & machinery: Rs 47 lakhs
Working capital: -T.C.I: Cost of Project: Rs 350 lakhs
Return: 30.00%Break even: 52.00%
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Disposable Plastic Syringes

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. The constantly increasing use of this type Syringe indicates its importance which is based mainly on the advantages it offers regarding cost and hygienic applications. The manufacture of plastic syringes has been developed to such a degree that the products now satisfy the requirements and standards set by Hospital and physicians. At the same time they offer the best possible technique of application to the physician and the highest possible degree of safety to the patient. 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. 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 able 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. Consumers and doctors are preferring Disposable Syringes over reusable syringes due to rising concerns about needle stick injuries and accidental infections related to it. Industry players increasingly investing in research and development of new chemicals that are more potential than present available drugs is likely to augment the growth. This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under Disposable Medi-Aids Ltd. Hindustan Syringes & Medical Devices Ltd Lifelong Meditech Ltd. Peekay Mediequip Ltd. Schott Kaisha Pvt. Ltd.
Plant capacity: Disposable Plastic Syringes 3 ml Size: 1,440 Boxes / Day (Each Box = 100 Pcs) Disposable Plastic Syringes 5 ml Size: 1,500 Boxes / Day (Each Box = 100 Pcs) Disposable Plastic Syringes 10 ml Size: 600 Boxes / Day (Each Box = 100 Pcs)Plant & machinery: Rs 340 lakhs
Working capital: -T.C.I: Cost of Project : Rs 772 lakhs
Return: 18.00%Break even: 62.00%
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Blood Collection Tubes (Vacutainer)

A vacutainer blood collection tube is a sterile glass or plastic test tube with a colored rubber stopper creating a vacuum seal inside of the tube, facilitating the drawing of a predetermined volume of liquid. Vacationer tubes may contain additives designed to stabilize and preserve the specimen prior to analytical testing. Tubes are available with a safety-engineered stopper, with a variety of labeling options and draw volumes. The color of the top indicates the additives in the vial. A vacuum blood collection tube is a sterile glass or plastic test tube that uses a stopper to create a vacuum seal inside the tube and enable the depiction of a predetermined volume of liquid. The vacuum blood collection tube prevents needle stick damage by preventing needles from coming in human contact and thus, contamination. The vacuum blood collection tube contains a double pointed needle, attached to a plastic tubular adapter. Double pointed needles are available in many gauge sizes. The length of the needle ranges from 1 to 11/2 inches. Vacuum blood collection tubes may contain additional constituents which are used to preserve blood for treatment in a medical laboratory. These additives are in the form of films applied using an ultrasonic nozzle. The additives contained in the vacuum blood collection tube are anticoagulants, such as EDTA, sodium citrate, heparin or gel. A vacuum blood collection tube is mostly used by clinics and laboratories for storing blood for future testing. Vacuum blood collection tubes have a substitute which can preserve blood for an extended period for testing processes. Vacuum blood collection tubes are available in different types of sizes and specimens. Blood Collection Tubes Market size is estimated to reach $2.81bn by 2025, growing at a CAGR of 7.1% during the forecast period 2020-2025. Blood plays an important role in the diagnosis and treatment of many diseases. The blood processing includes the collection, storing and managing the blood after collected from the donor. The blood collection tubes which are also known as vacutainers are made of either plastic or glass, these tubes are sterilized and have a safety-engineered stopper with different labeling options with the volume on it and color of the caps indicates the additives in the tube. The increase in usage of blood samples in the diagnosis and requirement of blood components in the treatment of many diseases is driving the market for blood collection tubes during the forecast period 2020-2025. The COVID-19 pandemic has encouraged major market players to focus on the development of new innovative products for blood glucose monitoring. For instance, in May 2020, Dario Health Corp. announced that the FDA has approved the use of self-test blood glucose meters by hospitalized patients with diabetes. This was intended to limit the exposure to the COVID-19 virus by self-checking of blood glucose levels by hospitalized patients and providing information to healthcare personnel. Entrepreneurs who invest in this project will be successful. Few Indian major players are as under Becton Dickinson India Pvt. Ltd. Hindustan Syringes & Medical Devices Ltd Kriya Medical Technologies Pvt. Ltd. Narang Medical Ltd. Poly Medicure Ltd.
Plant capacity: Blood Collection Tubes (Vacutainer) 13x100 with EDTA: 96,000 Nos / Day Blood Collection Tubes (Vacutainer) 13x75 Plain : 96,000 Nos / DayPlant & machinery: Rs 464 lakhs
Working capital: -T.C.I: Cost of Project: Rs 1105 lakhs
Return: 29.00%Break even: 53.00%
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IV Set

Intravenous therapy delivers liquid substances directly to the veins. Intravenous route is the fastest way to deliver medications or fluid replacement substances into the body via veins. IV administration sets are accessories required to deliver fluids to patients to treat various conditions such as dehydration, electrolyte imbalance, and other conditions requiring specialized Parenteral drug therapies. The rate of delivery of liquid can be adjusted with a roller clamp of an IV administration set. Primary IV administration set is either a macro-drip solution administration set that delivers 10, 15, 20 gtts/ml, or micro-drip set which delivers small amount of fluid over longer period of time. Micro-drip tubing’s are used primarily in neonatal or pediatric care. Components of a primary IV administration set are back check valve, access port, roller clamp, and secondary IV tubing. A secondary IV administration set does not contain access port or back check valve. It is shorter in length than a primary IV administration set. Rise in demand for IV administration sets due to increase in number of patients hospitalized for various treatments, surge in incidence of chronic diseases, and rise in adoption of advanced treatment options are anticipated to boost the growth of the global IV administration sets market. However, increase in incidence of medication errors, product recalls, and stringent regulatory requirements are the factors restraining the market. The total India infusion therapy market is growing at a rate of 5.7%, which will take the 2017 market value of $387.8 million up to $572.6 million by 2024. Intravenous therapy delivers liquid substances directly to the veins. Intravenous route is the fastest way to deliver medications or fluid replacement substances into the body via veins. IV administration sets are accessories required to deliver fluids to patients to treat various conditions such as dehydration, electrolyte imbalance, and other conditions requiring specialized Parenteral drug therapies. The rate of delivery of liquid can be adjusted with a roller clamp of an IV administration set. Primary IV administration set is either a macro-drip solution administration set that delivers 10, 15, 20 gtts/ml, or micro-drip set which delivers small amount of fluid over longer period of time. Micro-drip tubing’s are used primarily in neonatal or pediatric care. Components of a primary IV administration set are back check valve, access port, roller clamp, and secondary IV tubing. A secondary IV administration set does not contain access port or back check valve. It is shorter in length than a primary IV administration set. Rise in demand for IV administration sets due to increase in number of patients hospitalized for various treatments, surge in incidence of chronic diseases, and rise in adoption of advanced treatment options are anticipated to boost the growth of the global IV administration sets market. However, increase in incidence of medication errors, product recalls, and stringent regulatory requirements are the factors restraining the market. Few Indian major players are as under Angi Plast Pvt. Ltd. Axiom Medisurg Ltd. La Medical Devices Ltd. Smiths Medical India Pvt. Ltd Sangam Health Care Products Ltd
Plant capacity: I.V. Set: 140,000 Sets / DayPlant & machinery: Rs 904 lakhs
Working capital: -T.C.I: Cost of Project: Rs 1430 lakhs
Return: 27.00%Break even: 49.00%
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Steel Billets and TMT Steel Bars (Rebar) from Scrap Metal

Most of the steel generally in civil and allied work used is the plain carbon and mild steel and the largest portion of carbon steels used, has tensile strengths not greater than 36 to 40 t/in2. The carbon content in the steel predominantly governs the steel properties. 0.40% carbon steel is of great importance due to its being economical to meet general requirement and having reasonably high strength and other properties, like yield point, elongation and reduction percentages etc. Steel products in the forms of strip coils, sheets, plates, wires, rods, bars & sections are mostly used in industrial products. Earlier wires and rods were manufactured by reducing ingots/billets/bars in steel mills by heating and rolling of the stock. But, the modern advancements of technologies have given continuous casting of rods as an economical method. Steel scraps of melting grades are taken as the raw material. Either Electric Arc Furnaces (EAF) or Electric Induction Melting furnaces are commonly used for melting for a pollution-free operation. The long steel market size is estimated to be USD 527.0 billion in 2020 and projected to reach USD 636.7 billion by 2025, at a CAGR of 3.9% from 2020 to 2025. Increasing construction and infrastructure activities, rising population levels, and industrialization are the major factors responsible for the growth of the long steel market. However, the recent outbreak of Covid-19 is expected to have a severe impact on the long steel market. TMT steel bars refer to thermo mechanically treated bars. TMT steel bars are steel bars with enhanced strength and highly ductile and malleable in nature. They are widely used for earthquake resistant buildings and bridge construction projects. Companies operating in the global TMT steel bar market are adopting strategies such as mergers, acquisitions, and new product launches that maximize their market share. The rising global construction industry boosts the growth of the TMT steel bar market. Infrastructural development across the globe drives the growth of the TMT steel bar market. Various advantages of TMT steel bars over tensional bars contribute to the growth of the TMT steel bar market. The expansion of modern architecture propels the growth of the TMT steel bar market. Furthermore, the growing demand for low-cost reinforcement bars stimulates the growth of the TMT steel bar market. On the flip side, technical constraints with respect to higher grade TMT bars hinder the growth of the TMT steel bar market. Moreover, technological innovations in the construction industry create novel opportunities for the growth of the TMT steel bar market. This facilitates the development of new technologies and ensures a high quality product.
Plant capacity: Steel Billets (Size 100mm x 100mm to 180mm x 180 mm Sections of Max. 6 meter length): 333.3 MT / Day TMT Steel Bars (Rebar) Size DB 8 to 40 mm : 333.3 MT / DayPlant & machinery: Rs 8427 lakhs
Working capital: -T.C.I: Cost of Project: Rs 16747 lakhs
Return: 29.00%Break even: 47.00%
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Bamboo Toothbrush

The toothbrush is an oral hygiene instrument used to clean the teeth, gums, and tongue. It consists of a head of tightly clustered bristle, atop of which toothpaste can be applied, mounted on a handle which facilitates the cleaning of hard-to-reach areas of the mouth. They are usually used alongside floss. They are available with different bristle textures, sizes, and forms. Most dentists recommend using a soft toothbrush since hard-bristled toothbrushes can damage tooth enamel and irritate the gums. Because many common and effective ingredients in toothpaste are harmful if swallowed in large doses and instead should be spat out, the act of brushing teeth is most often done at a sink within the kitchen or bathroom, where the brush may be rinsed off afterwards to remove any debris remaining and then dried to reduce conditions ideal for germ growth (and, if it is a wooden toothbrush, mold as well). The organic bamboo toothbrush comprises a natural bamboo handle and fine bristles that make for clean teeth and a healthy mouth. You can be sure there’s no chemical coming in contact with your mouth, and the best part? It’s 100% biodegradable. The Global Bamboo Toothbrush Market is expected to register a CAGR of 7% to reach USD842.1 million by 2024. Bamboo toothbrushes are an eco-friendly alternative to plastic toothbrushes. Bamboo has several characteristics that make it an ideal substitute for plastic. It is cost-effective, has anti-microbial properties, can be grown in a wide variety of landscapes, and is easy to manipulate to make objects. Bamboo toothbrushes naturally ward off microbial growth and can be discarded without causing any harm to the environment. With a large number of anti-plastic policies and stringent regulations implemented by various countries for the eco-friendly alternatives for plastic goods are expected to increase awareness among consumers over the next few years. Plastic toothbrushes produced around the world directly go to landfills and a very small part is recycled, which creates plastic pollution. These factors are anticipated to promote the application of bamboo toothbrush as alternatives among the buyers over the next few years. Entrepreneurs who invest in this project will be successful.
Plant capacity: Bamboo Toothbrush: 3,000 Pcs / DayPlant & machinery: Rs 54 lakhs
Working capital: -T.C.I: Cost of Project : Rs 183 lakhs
Return: 25.00%Break even: 54.00%
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Edible Oil Refinery from Crude Palm Oil

Palm Nuts are an irresistible, nutritious and sweet tasting natural food. They provide good levels of Vitamin E (which enhances the immune system) and magnesium (which aids in nutrient delivery). Palm Nuts should be stored frozen. The palm kernel is the edible seed of the oil palm fruit. The fruit yields two distinct oils: palm oil derived from the outer parts of the fruit, and palm kernel oil derived from the kernel. Palm kernel cake is most commonly produced by economical screw press, less frequently via more expensive solvent extraction. Palm kernel cake is a high-fibre, medium-grade protein feed best suited to ruminants. Among other similar fodders, palm kernel cake is ranked a little higher than copra cake and cocoa pod husk, but lower than fish meal and groundnut cake, especially in its protein value. Composed of 16% fiber, palm kernel cake also has a high phosphorus-to-calcium ratio and contains such essential elements as magnesium, iron and zinc. The typical ration formulated for the feeding of dairy cattle consists of palm kernel cake (50%), molasses (5%), grass/hay (42%), limestone (1.5%), mineral premix (1%) and salt (0.5%) and trace element/vitamin premix. India is one of the major producers and consumers of vegetable oils. India accounts for 12-15% of the area under oilseeds and 6-7% of the production of vegetable oil in the world. Despite annual production of about 27.00million tonnes of oilseeds in the country, the availability of edible oil is insufficient to meet the domestic demand. The gap in demand and supply of edible oil is met through imports. Palm oil market size in India was valued at USD 5.16 billion in 2015.India palm oil market size is anticipated to reach USD 13.1 billion by 2025, at a CAGR of 15.4%. Increasing demand for edible oils owing to the burgeoning population and improving economic conditions is anticipated to remain the key growth driving factor over the forecast period. The industry in India presents massive potential for growth since the government has allowed 100% FDI in plantation and has also pledged huge financial aid to farmers in upcoming years. This development is likely to encourage domestic cultivation landscape and generate greater profit margins and opportunities for companies. The Indian edible oil industry is highly fragmented owing to the presence of a large number of organized as well as local and unorganized players. The country is also world’s third-largest consumer and largest importer from Malaysia and Indonesia. Government’s initiatives towards the installation of advanced plant machinery and automation are expected to foster sustainable production in the near future. This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under 3 F Industries Ltd. Adani Wilmar Ltd. Budge Budge Refineries Ltd. Bunge India Pvt. Ltd. Cargill India Pvt. Ltd. Edible Products (India) Ltd. Gokul Agro Resources Ltd.
Plant capacity: Edible Refined Oil from Crude Palm Oil : 200 MT / DayPlant & machinery: Rs 2709 lakhs
Working capital: -T.C.I: Cost of Project: Rs 8322 lakhs
Return: 28.00%Break even: 49.00%
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Automated Vehicle Scrapping and Recycling Unit

Automated Vehicle Scrapping and Recycling Unit What is Auto Shredding? The scrapping of cars and large household equipment is a method where the components fed into it are grinded to fist-size bits by a hammer mill. A combination of ferrous material, non-ferrous metal (e.g. copper and aluminium alloys), and shredding scrap, called vehicle shredder remnants of automotive shredder residue, resulted in the shredding of vehicles (ASR). ASR is made up of glass, fabric, rubber, liquids for vehicles, plastics, and soil. Often ASR is divided into dust and shredder in small proportion. These leftover materials are considered 'Car-fluff' occasionally. Related Projects: - Waste Management and Recycling At such a time when different economies run solely on recycled car scrap, India, the’s greatest economy, has consumed an excessive amount of time to enter the market. Not only is scrap production a big-buck making industry from car recycling, but it also coincides with the additional advantage of being environmentally sustainable by getting the old polluting cars off the roads. Nevertheless, it has become evident, despite the odd regulation, that India is firmly interested in making attempts to mitigate air pollution and preserve the environment. Related Books:- Products From Waste, Automobile, Leisure, Entertainment, Ware Housing & Real Estate Projects, Greases, Hospitality, Medical, Infrastructure, Lubricants, Petro Chemicals, Petroleum, Waste Management, Recycling Scrap Import in India Overview At 60.6 kg per capita, India's demand for steel is increasing, relative to over 400 kg per capita in developing countries. The need for steel is key to various urban/rural infrastructure projects implemented by the government and private sectors. The Indian steel sector contributes 50 percent of the share of secondary steel. As ferrous scrap is one of the major raw materials for secondary steel production units, India's steel scrap demand is around 16-18 mnt pa. Of this necessity, it imports around 1/3rd of the content. In India, scrap imports have seen a gradual rise in the last few years India's FY16 scrap supply stood at 6.2 mnt, a rise of 12.7% from 5.5 mnt of material imported in FY15. With the Make in India project eyeing 300 mnt steel capacity, raw material requirements are likely to expand. The inclusion of indigenous scrap from auto-shredding would place Indian producers in a position of benefit, considering the existing demand for scrap in India. In recent times, India witnessed its 18th bulk scrap shipments in 2016. The demand for raw materials is increasing gradually. Scrap Metal Recycling Business Possibility: Waste metals consist of many metals, with the exception of precious metals, such as iron, steel, copper, brass, aluminium, alloy, nickel, bronze, and many more. After multiple applications, such as in processing factories that produce utensils, frames, and various items utilizing these metals, these materials are left untouched as waste. Such metal waste arrives in big quantities and is very beneficial. Compared to some other recycling firm, what allows the metal recycling industry so much in popularity is the returns it provides. Related Books:- Waste Management, Waste Disposal And Recycling Industry You need to consider what you're going to recycle before you begin the business. To know precisely what is like to be in this market, it is therefore important to perform a viability study test. There are several benefits and drawbacks of this business, certain problems, and problems that fall in between that one wants to get an understanding about. Here's a short, thorough business strategy for metal recycling. What is needed to start the Business of Recycling? • Recycling plant: You need to have a factory which you build your recycling plant after deciding what kind of metal you are going to recycle and at what level. Consequently, since you recycle metal, you require an open area that is fairly large to construct the recycling facility, stock scrap metal, tools, machinery, and finished goods. Recycling metal is called a heavy industry task, so you must have a space-like warehouse. Projects: - Project Reports & Profiles • Infrastructure: To help your business, you ought to provide some decent infrastructure A locked area where the computers are going to work. The location in which you are going to bring your recycled products, the area where you are going to separate metals, disinfect them, and so on. You will need a vented room that suits a typical factory layout. Build the infrastructure for security concerns to the requirements of a factory. • Metal Scrap: Join forces with scrap pickers, scrap dealers, landowners, and their likes to have the sum of metal scrap needed. Test it with independent scrap laborers as they can supply you with the scrap at a very low rate relative to a regular scrap dealer. If the need is immense, you should approach wholesalers selling metal waste. • Equipment: You must have all the requisite recycling equipment, such as tanks, compressors, grinders, refiners, heating tools, etc. It would be safer if you got the new equipment since the modern equipment will be extremely efficient, and not traditional. Books:- BOOKS & DATABASES • Machinery Required: You ought to get the recycling system that is needed. There is usually no particular disposal machine for metal fragments since it is performed in separate phases. For instance, a separation machine, cleaner, melting machine, grinding machine, container forming, cooling field, etc. are needed. • Man Power: You do need human energy to function in your factory while being surrounded by so many robots. First, you ought to employ a specialist to guide your recycling venture since he would be well acquainted with the recycling work. You need any labor besides him, depending on the necessity. You will need to provide them with previous scrap metal plant experience. • Utilities: You require simple infrastructure like power link, water supply, transit system to convey recycled materials, better highways, plant at a required and chosen spot, and so on, much like every other plant. There could be other requirements that you might just have to look into in a scrap metal business cantered on the location wherever you want to operate your business. Market Research: - Market Research Report • Documents and permission: You are going to begin a company for metal recycling that can be further used by producers. You therefore ought to get licenses from various agencies. First of all, you ought to have a document for a metal recycling facility where you must even state which kind of material you are trying to reuse. Private Company Involvement Although MSTC's change is a positive step, it might not be a smart option to route every scrap supply into MSTC solely. Private sector engagement must be promoted. A combination of competition-based private and public sector employees would be more effective. Related Videos: - Business Ideas for Startups In the end, the automotive recycling industry in India portrays a tremendous opportunity for scrap production in the face of all the commitments and challenges. The use of scrap in steelmaking would lead to the steel cycle economy. India, as a developing world wants long-term opportunities to plug into such renewable, productive industries. India's Auto Shredding Kick Start-MSTC and Mahindra Intertrade JV In the freshly drafted MoU, MSTC Limited, a Mini Ratna Category-I PSU underneath the administrative jurisdiction of the Ministry of Steel, the Government of India, and Mahindra Intertrade Limited (MIL), combined forces to established India's first auto shredding factory. Related Videos:- Small Business Ideas The plant would be the first in the world to construct such auto shredding units in the series. In the Make in India initiative, India's foraying into the car shredding market is also a generation ahead. Can car recycling in India, become the next US, Europe, or China? The US, Europe, and China are the world's biggest and most mature auto-recycling industries. From as far back as the 1970s, as in the situation of the US, these nations have been destroying old cars. It is very well known that these are industries focused on waste and the justification for this is auto recycling. In the US, vehicle recycling dates back to the 1970s, while in the 2000s, Europe and Japan started recycling, followed by China in 2012. In developing countries, the overall industry value of car scraping is about 30+ million vehicles, producing about 27 million tonnes of waste. Vehicle Recycling Scope in India As India is the world's third-largest steelmaker, there is a tremendous opportunity for auto-recycling. India's car recycling will bring various advantages to the nation, ranging from a drive to fuel-saving and job growth in the automotive field. 25 percent (7 million vehicles) of the estimated cars that may originally be scrapped are projected to produce roughly USD 2.9 billion (analogous to ~INR 190 billion) in business. Such statistics are expected to rise with time. A car weights 1,400-1,600 kg on average. It contains 65-70% steel scrap, 7-8% aluminium scrap, 1-1.5% copper scrap and 15-20% rubber and plastic scrap upon recycle. A recycled car will earn approximately INR 30.000-35.000 at existing scrap rates (USD 380-455). It has the capacity to produce about 6 million tonnes (mnt) of waste, ~150,000 mt of copper scrap, ~0.8 mnt of aluminum scrap, and ~1.8 mnt of plastic and rubber scrap, considering 20-25% of vehicles are discarded in the first year. It is predicted that statistics will rise in the years ahead. Car Recycling Market Prospects In both the automobile and steel sectors, the car recycling market is a large sector with a strong market for End of Life Vehicles (ELV). The CEO of the Association of Automotive Recyclers (ARA), Michael E. Wilson, claims that both the prospects and the value of the automotive recycling market are increasing rapidly. These days, there are different opportunities for junk vehicle owners to sell their junk cars for money. On Craigslist, eBay and even directly to scrap yards and vehicle dealers, they will market their scrap vehicles. Scrap yards and car dealers bid at the very same time for EOL vehicles sold on Craigslist, eBay, or directly from holders of scrap cars. Businesses ought to guarantee that they are fitted with the newest equipment in the industry and meet ARA-specified requirements for auto reuse activities Voluntary scrapping of old cars is proposed by Union Budget 2021-22 It is focused on health tests for personal vehicles over 20 years and for commercial vehicles over 15 years. For the automotive industry that has been waiting for a 'Scrappage Scheme' for the past decade, this is a welcome change. Constructing every industry from zero is a challenging job, and before actually achieving profitability, it must forehead different obstacles. For every country, when an initiative of this size is hired to work, the position of its people is vital. Whereas the government can take this step to grow the business, the people of the country who want to make deliberate attempts to protect and preserve the ecosystem by giving up their old vehicles are still a major part of the obligation. Union Minister Nitin Gadkari said the strategy would contribute to approximately 10,000 crores of new investment and generate as many as 50,000 jobs. It is projected that such cars cause 10-12 times greater emissions than the new vehicles. Highlighting the policy's advantages, Gadkari said it would lead to scrap metal recycling, better protection, reduced air pollution, lower oil imports due to higher fuel consumption of existing vehicles, and encourage investment. Recycled content from old cars would further lower costs, adding that the turnover of the automotive sector, which is Rs. 4.5 lakh crore with exports of Rs. 1.45 lakh crore, will have a lift. Bottom Line The scrapping strategy would improve car purchases in the country as a fresh one will certainly be purchased by the one scrapping the vehicle. All in all, the Scrappage Program aims to help incorporate Rs 10,000 crore worth of fresh investment and generate 50,000 new employment options. The Scrappage Program would improve car purchases in the nation as a fresh one will definitely be purchased by the one scrapping the vehicle. Overall, with the green flagging off the “Scrappage Policy”, the business is likely to hike up in the coming days and the business investment is not going to let anyone down. Voluntary car scrapping scheme to drive out old and obsolete cars, not only helping to curb emissions, but also reducing the fuel import bills of India. All in, the Scrappage Program aims to help incorporate Rs 10,000 crore worth of fresh expenditure and add 50,000 new work prospects. NPCS is best known for providing a project report for its clients. All the project report covers detailed aspects of the business from analysing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. You can get in touch with the NPCS team through the official website and get benefited from the books and project reports provided by us. Tags:- #AutomatedVehicleScrappingandRecycling #RecyclingUnit #AutomatedVehicle #AutomatedVehicleRecycling #WasteManagement #EwasteManagement #WasteManagementIndustry #WasteRecyclingBusiness #WasteManagementMarket #RecyclingUnitBusiness #AutomatedVehicleScrapping #InvestInStartups #StartupIndiaConsultants #Plan4Business #StartupPlan #StartupIdea #DetailedProjectReport #businessconsultant #BusinessPlan #feasibilityReport #NPCS #industrialproject #entrepreneurindia #startupbusiness #IndustrialWasteManagement
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Production of NPK Fertilizer & Calcium Ammonium Nitrate (CAN).

Production of NPK Fertilizer & Calcium Ammonium Nitrate (CAN). Investment Opportunities for Entrepreneurs to Start Own Business in Fertilizer Industry. NPK fertilizers are fertilizers that contain the elements nitrogen (N), phosphorus (P), and potassium (K). Organic residues have the advantage over standard NPK fertilizers of adding other nutrients such as Ca, Mg, and micronutrients. They also assist in maintaining soil organic matter. Related Projects: - Fertilizers, Fertilisers, Inorganic Fertilizers (Mineral Fertilizer) Calcium ammonium nitrate is hygroscopic. Its dissolution in water is endothermic, leading to its use in some instant cold packs. Calcium Ammonium Nitrate (CAN) is created by adding powered limestone or calcium nitrate to ammonium nitrate. The main components of fertilizers include- nitrogen, phosphorus, and potassium. Its rating describes the amount of nitrogen, phosphorus, and potassium in a fertilizer. Related Books:- Biofertilizer, Biofertiliser, Biogas, Organic Farming, Vermicompost, Vermiculture, Biotechnology The three numbers on fertilizers represent the primary nutrients. A bag of fertilizers labelled 10-10-10 contains 10% nitrogen, 10% phosphorus and 10% potassium. This label is a national standard and is known as the fertilizer grade. Uses of Fertilizers Fertilizers are used for various purposes. The uses of fertilizers are mentioned below: They are used to providing additional nutrients to the plants. They are added to improve the yield of the crops. Nitrogen-rich fertilizers are used for the greening of lawns. Organic fertilizers improve the texture and fertility of the soil. Gardeners use fertilizers to address certain needs of the plants such as nutritional needs. Fertilizers are added to potted plants to replace the lost nutrients. Related Videos:- Fertilizers, Biofertilizer, Inorganic Fertilizers (Mineral Fertilizer), NPK, Nitrogen Fertilizer, Nitrogenous Fertilizer, Diammonium Phosphate Projects Uses of Calcium Ammonium Nitrate Ammonium nitrate is used commonly in fertilizers; in pyrotechniques, herbicides, and insecticides; and in the manufacture of nitrous oxide. It is used as an absorbent for nitrogen oxides, an ingredient of freezing mixtures, an oxidizer in rocket propellants, and a nutrient for yeast and antibiotics. It is also used in explosives (especially as an oil mixture) for blasting rocks and in mining. Nitrates and nitrites are used to cure meats and to develop the characteristic flavor and pink color, to prevent rancidity, and to prevent growth of Clostridium botulinum spores in or on meats. Calcium ammonium nitrate or CAN, also known as nitro-limestone or nitrochalk, is a widely used inorganic fertilizer. Related Project: - Production of NPK Fertilizer and Calcium Ammonium Nitrate (CAN) Market Outlook Calcium ammonium nitrate is also known as nitro limestone and nitro chalk. Calcium ammonium nitrate is produce by mixing powdered limestone in the ammonium nitrate. It is widely used as fertilizer across the globe. Physiological characteristics of the mixture are neutral. It has the ability to neutralize the acidic soil. Calcium ammonium nitrate is an essential source of nitrogen for plant growth. Nitrogen is quickly absorbed by the plant roots at the fruiting stage; therefore, it is extensively employed by farmers worldwide. The presence of calcium improves soil health for a long period time. The fertilizer grade of calcium ammonium nitrate contains approximately 8% of calcium and around 21% to 27% of nitrogen. Therefore, it is suitable for enhancing root and soil health. Calcium ammonium nitrate is widely used in a number of countries where ammonium nitrate is banned. Calcium ammonium nitrate is hygroscopic in nature due to which it can retain water molecules at room temperature. These properties are effectively used in the production of pharmaceutical products such as instant cold packs. Instant cold packs are small cold bag used to relax the muscles and to relieve pain caused due to minor injuries. Calcium ammonium nitrate (CAN) is also used to make explosives. Projects:- Project Reports & Profiles The global market for Calcium Nitrate is projected to reach US$11.6 billion by 2025, driven largely by its widespread use in fertilization and plant nutrition. The nitrogenous fertilizer market is expected to gain growth, owing to the rising food demand, due to the increasing population and the government funding for the usage of advanced techniques and fertilizer for high productivity, in order to meet the rising demand. The major factors driving the growth of this market include increasing reliance on fertilizers for crop productivity enhancement and rising crop demand for animal feed production. Books:- BOOKS & DATABASES "By nutrient type, nitrogenous fertilizers segment to hold the largest market. Nitrogenous fertilizers contain nitrogen in ammonia, ammonium nitrate, nitrate, and amide forms. Nitrate form is required by most crop plants, while paddy requires nitrogen in ammoniac form. Calcium also helps increase fertility of soil by helping release nutrients contained in clay minerals in soil by separating clay particles and freeing up movement of water and oxygen and maintaining the porous structure of the soil. Calcium nitrate nourished crops when harvested have higher storage life and are better able to withstand transportation. This is encouraging the practice of pre-harvest spraying of calcium nitrate on crops for superior ambient storage outcomes. Market research: - Market Research Report Key Players:- Basant Agro Tech (India) Ltd. Coromandel International Ltd. Deccan Sales Corpn. Ltd. Deogiri Fertilisers Ltd. Fertilisers & Chemicals, Travancore Ltd. Indian Farmers Fertiliser Co-Op. Ltd. Khushhal Fertiliser Ltd. M P Agro Inds. Ltd. Madhuvan Chemicals & Fertilizer Ltd. Maruti Fertochem Ltd. Mosaic India Pvt. Ltd. Poorvanchal Fertilizers Ltd Premier Fertilisers Ltd. Sikko Industries Ltd. Tripura Bio-Tech Ltd. Tags:- #NPKFertilizer #NPKFertilizerMaufacturing #NPKFertilizerProduction #NPKFertilizerMarket #CalciumAmmoniumNitrate #CalciumAmmoniumNitrateManufacturing #CalciumAmmoniumNitrateProduction #CalciumAmmoniumNitrateMarket #CAN #FertilizerManufacturing #FertilizerProduction #Fertilisers #fertilizerplant #agriculture #FertilizerMarket #FertilizerIndustry #IncreasingDemandFertilizer #DetailedProjectReport #businessconsultant #feasibilityReport #NPCS #BusinessPlan #startup #InvestInStartups #entrepreneurindia #businessconsultant #StartupIdeas #NewRelease
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Production of Eco Friendly Bamboo Based Products: Tissue Paper, Paper Bags & Plates.

Production of Eco Friendly Bamboo Based Products: Tissue Paper, Paper Bags & Plates. Most Profitable Business Ideas for Startup. Bamboo is known as an ancient grass with woody timber that covers 1–3% of all tropical and subtropical areas. Bamboo has many uses, mainly in construction (flooring, roofing designing, and scaffolding), furniture, food, biofuel, fabrics, cloth, paper, pulp, charcoal, ornamental garden planting, and environmental characteristics, such as a large carbon sink and good phytoremediation option, improving soil structure and soil erosion. Bamboo has the highest growth rate of all tropical plants. After emerging as a shoot, bamboo can complete the growing process in both diameter and height in 35–40 days. The growth rate has been observed at up to one meter per day, that is, approximately 2.5?cm per hour. Related Projects:- Bamboo and Bamboo Products, Value-Added Bamboo Products Tissue paper has become one of the most essential commodities of daily life. Tissue paper products are generally made from three main types of raw material: wood free (or chemical) pulp, wood-containing (or mechanical) pulp and recovered paper. The tissue paper came into use in 1920’s and since then the consumption of tissue paper has been consistently increasing. The continuous developments in the tissue paper industry have enabled individuals to lead a more sterile and hygienic life. Related Books: - Wood, Bamboo, Coal, Lignin And Its Derivatives Uses Construction Furniture Paper and Pulp Textile Medical Agriculture Market Research: - Market Research Report Market Outlook Growing investments focused on infrastructure development, increasing use of sustainable building/ construction resources, and rising consumer awareness regarding the uses and benefits of bamboos are expected to drive the market growth. Similarly, rattan palms are grown mostly in tropical rainforests. It is light-weight, durable, and relatively flexible in nature. Further, it can be cultivated with other tree covers including fruit orchards and rubber estates that proves cultivation of rattan as an additional source of income to the farmers. Cultivation of bamboo and rattan provides an economically viable means towards eradicating poverty from rural societies and helps people to sustain and support their livelihood. A majority of Asian countries such as China, India, and Japan, as well as African countries such as Ghana, Nigeria, and Cameroon are promoting the cultivation of bamboos and rattan. Related Videos:- Bamboo and Bamboo Products, Value-Added Bamboo Products The global bamboos market was valued at USD 72,102.4 Million in 2019 and is expected to reach over USD 98,757.9 Million by 2026, growing at a CAGR of around 5.5% during the forecast period from 2020 to 2026. The Growth of India Tissue Paper Market Today, tissues are being taken over by hand-dryers in the corporate world. This is owed to the fact that the pulp needed to make paper requires a substantial amount of deforestation. Especially in India, where the ecological balance is extremely cared for, the market has substantially been affected. Further, paper making requires machinery that often expensive and require labour with little return on investment. This makes it slightly unattractive to market players to actually establish themselves into the industry. Because it’s a mediocrely commoditized product, availability and first mover advantages play a major role in establishing a player as a major leader along with its reach and marketing ability. Related Projects: - Bamboo Paper Based Products Manufacturing Tissue Paper, Paper Bags & Plates Rising demand for bamboos and bamboo-based products from various end use industries such as hospitality, travel & tourism is a key factor driving growth of the global bamboos market. Additionally, in industrial sector bamboos are considered as a replacement for wood and raw materials, also some types of bamboos are much stronger than steel – so are used as building materials – which are major factors expected to fuel growth of the global bamboos market over the forecast period. Moreover, increasing use of bamboos by individuals for its health benefits such as help in weight-loss, effective for respiratory system, strengthening of immune system etc., and increasing adoption of bamboos in pulp and paper, textile industry, handicrafts, home furnishing, etc. are other major factors anticipated to boost global bamboos market. Projects:- Project Reports & Profiles Key players: Andhra Paper Ltd. B & A Packaging India Ltd. Johnson & Johnson Pvt. Ltd. Kimberly-Clark India Pvt. Ltd. Nippon Paper Foodpac Pvt. Ltd. Pudumjee Paper Products Ltd. Books:- BOOKS & DATABASES Tags:- #BambooPaper #BambooPaperManufacturing #Bambooproduct #BambooTissuePaper #BambooPaperBags #BambooPlates #BambooPlatesBusiness #BambooIndustry #Bamboomarket #BambooBusiness #BambooInvestment #BambooPaperBasedProduct #BambooPaperBagsBusiness #BambooPlatesProduction #DetailedProjectReport #businessconsultant #BusinessPlan #feasibilityReport #NPCS #entrepreneurindia #startupbusiness #Startupbusinessideas #businessestostart #startupideas
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