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Best Business Opportunities in Uttarakhand- Identification and Selection of right Project, Thrust areas for Investment, Industry Startup and Entrepreneurship Projects

Agro and Food Processing: Project Opportunities in Uttarakhand

PROFILE:

Food processing involves any type of value addition to agricultural or horticultural produce and also includes processes such as grading, sorting and packaging which enhance shelf life of food products. The food processing industry provides vital linkages and synergies between industry and agriculture. The Food Processing Industry sector in India is one of the largest in terms of production, consumption, export and growth prospects. The government has accorded it a high priority, with a number of fiscal reliefs and incentives, to encourage commercialization and value addition to agricultural produce, for minimizing pre/post harvest wastage, generating employment and export growth. India's food processing sector covers a wide range of products fruit and vegetables; meat and poultry; milk and milk products, alcoholic beverages, fisheries, plantation, grain processing and other consumer product groups like confectionery, chocolates and cocoa products, Soya-based products, mineral water, high protein foods etc.

RESOURCES:

Uttarakhand comprises of total are 5672568 Hectares, of which forest area is 3485847 hectares. Fruits such as apples, oranges, pear, grapes peach, plum apricot, litchi, mangoes and guava are widely grown in the state and therefore have immense potential for development of horticultural crops and processing units. The State Government will assist in establishing small & medium size Agro Parks, Food Parks etc., which will provide common infrastructure facilities for storage, processing, grading and marketing, thus ensuring that surplus fruits and vegetables do not go waste as at present. Four Agri Export Zones have already been declared under the AEZ scheme of the Government of India for Litchi, Horticulture, Herbs, Medicinal Plants and Basmati Rice. Further, efforts will continue to promote production for export and provide access to domestic and export markets for products from the State.

GOVERNMENT POLICIES:

The Ministry of Food Processing Industries (MOFPI) is a ministry of the Government of India is responsible for formulation and administration of the rules and regulations and laws relating to food processing in India. The ministry was set up in the year 1988, with a view to develop a strong and vibrant food processing industry, to create increased employment in rural sector and enable farmers to reap the benefits of modern technology and to create a of surplus for exports and stimulating demand for processed food.

•        Custom duty rates have been substantially reduced on food processing plant and equipments, as well as on raw materials and intermediates, especially for export production.

•        Wide-ranging fiscal policy changes have been introduced progressively in food processing sector. Excise and Import duty rates have been reduced substantially. Many processed food items are totally exempt from excise duty.

•        Corporate taxes have been reduced and there is a shift towards market related interest rates. There are tax incentives for new manufacturing units for certain years, except for industries like beer, wine, aerated water using flavouring concentrates, confectionery, chocolates etc.

•        Indian currency, rupee, is now fully convertible on current account and convertibility on capital account with unified exchange rate mechanism is foreseen in coming years.

•        Repatriation of profits is freely permitted in many industries except for some, where there is an additional requirement of balancing the dividend payments through export earnings.

 

Biotechnology: Project Opportunities in Uttarakhand

PROFILE

The Biotechnology sector in India is one of the fastest growing sectors of the Indian Economy. As the sector is mainly based on knowledge, it is expected that it will play an important part in shaping the Indian Economy, which is developing at a rapid pace. The Indian Biotechnology sector holds immense potential in terms of research and development, skill and cost effectiveness. As per the eight annual survey by the Association of Biotechnology-led enterprise (ABLE) and a monthly journal, Bio-Spectrum, the sector grew threefold in five years and reported a revenue of US$ 3 billion during 2009-2011 with a 17 per cent rise as compared to the previous year.

RESOURCES

Uttarakhand is an ideal destination to invest in biotechnology-based industries because of several inherent advantages and being host to vast diversity of flora and fauna and rare species of plants and animals. A high-level biotechnology board is being setup to pursue initiatives in the field of research. The state will accord the units coming under this sector with the industry status and aims to establish an internationally competitive business infrastructure and environment for the industry in the state. Further, a biotechnology park is to be developed that will integrate resources and provide a focused institutional set up for accelerated commercial growth of bio-technology and bio-informatics. The Government is also in the process of creating an Exchange for Medicinal and Aromatic Plants to serve as a common platform for research institutions, technology developers and producers.

GOVERNMENT POLICIES:

The Uttarakhand Board of Biotechnology (UBB) will help the R&D Institutions of the State to seek funds from the national and international funding agencies / donors to upgrade the infrastructure facilities. Depending upon the need, UBB and the State Government will also try to fund R&D facilities through its own resources. The State Government undertakes to provide the following facilities/terms to the companies desirous of establishing BT units in the State:

•        BT Units including related R&D Units will enjoy the status of industry and will be eligible for incentives and concessions as provided for the relevant category/class of industry in the Industrial Policy of the State. For this purpose they shall be treated as Priority Sector Industry. Department of Biotechnology will provide The State Government undertakes to provide the following facilities/terms to the companies “single-window clearance” and shall issue only one application form to set up BT Units in the State.

•        The Government proposes to establish in association with private sector a BT Park initially at Halide, Pantnagar where land/plots would be made available to prospective entrepreneurs on favourable terms. The latter, however, are also free to choose their own sites or locate the same in the other established Industrial Areas in the State.

Hydropower: Project Opportunities in Uttarakhand

PROFILES:

Hydroelectricity is the term referring to electricity generated by hydropower; the production of electrical power through the use of the gravitational force of falling or flowing water. India was the 7th largest producer of hydroelectric power in 2008 after Norway: 114 TWh and 3.5 % the world total in 2008. The potential for hydroelectric power in India is one of the greatest in the world. Small hydropower offers a wide range of benefits-especially for rural areas and developing countries. The resource is environmentally responsible and has substantial economic advantages. Efforts also being made to improve the exchange of ideas and technology related to small hydropower. In India, small hydropower up to capacity of 25 MW also includes the mini-and-micro hydropower projects which are usually confined strictly to local use. A potential of over 15,000 MW has been identified from small hydropower and Government of India has been according top priority to SHP development as thrust area.

RESOURCES:

Uttarakhand has a large network of rivers and canals which provides an immense scope for hydro-power energy. In India, the development of Micro, Mini, and Small Hydro Power Projects started in the year 1897. One of the first hydro-power stations in India was commissioned at Galogi in 1907. More power stations were subsequently developed over a period of time. In Uttarakhand, the estimated capacity of Small hydro power projects is about 1500 MW out of total estimated capacity of 20,363 MW Uttaranchal has a hydropower potential of the order of 20236 MW against which only about 1407 MW has been harnessed so far.

GOVERNMENT POLICIES:

The Government of Uttaranchal (GoU) has decided to encourage generation of power through small hydropower sources of energy, and has framed a policy so that the development of this sector serves as an engine to achieve the objective of promoting the all-round development of the region. To encourage generation of hydropower the government of Uttarakhand has formulated and implemented policies with following objectives:

•        Creation of conducive conditions for encouraging private sector participation

•        Harnessing water resources in an environment friendly manner

•        Meeting the energy demand of the state/country

•        Promotion of the overall development of the region

•        Generation of revenue from hydro resources

 

Mineral: Project Opportunities in Uttarakhand

PROFILES:

A mineral is a naturally occurring solid chemical substance formed through biogeochemical processes, having characteristic chemical composition, highly ordered atomic structure, and specific physical properties. India is endowed with significant mineral resources. India produces 89 minerals out of which 4 are fuel minerals, 11 metallic, 52 non-metallic and 22 minor minerals.

RESOURCES:

Mineral resources of Uttarakhand play a significant role in the economy of Uttarakhand. The Chamoli district of Uttarakhand is especially famous for housing a number of mineral resources in Uttarakhand. The northern division of the district consist entirely of medium to high grade metamorphic rocks, which also contains bands of volcanic rocks in some areas; the southern division contains sedimentary and low-grade metamorphic rocks, with bands of volcanic rocks in some regions. Although much is not known about the geology of the first division of Chamoli, yet the mineral resources contain rocks such as quartzite, marble, and various types of schist and gneiss. The southern division contains rocks such as gneiss, limestone, phyllites, quartzite, sericite-biotite schist and slate.

Some of the important minerals that form a major part of the mineral resources of Uttarakhand are: Asbestos, Magnestic, Soapstone or Steatite, Copper, Iron, Graphite, Gold, Gypsum, Lead, Slate, Limestone, Building Stone, Sulfur, and Bitumen. Beside these major mineral resources, some of the other mineral resources of Uttarakhand also play a major role in enhancing the economy of Uttarakhand. Some of those mineral resources are: Antimony, Arsenic, Lignite or Brown Marble, Mica, Silver, etc.

GOVERNMENT POLICIES:

NATIONAL MINERAL POLICY, 2008

Keeping in view the long term national goals and perspective for exploitation of minerals, Government of India has revised its earlier National Mineral Policy, 1993 and came up with a new National Mineral Policy 2008. Basic goals of NMP 2008 are-

1.       Regional and detailed exploration using state of the art techniques in time bound manner.

2.       Zero waste mining

For achieving the above goals, important changes envisaged are:

•        Creation of improved regulatory environment to make it more conducive to investment and technology flows

•        Transparency in allocation of concessions

•        Preference for value addition

•        Development of proper inventory of resources and reserves

•        Enforcement of mining plans for adoption of proper mining methods and   optimum utilization of minerals 

•        Data filing requirements will be rigorously monitored

•        Old disused mining sites will be used for plantation or for other useful purposes.

•        Mining infrastructure will be upgraded through PPP initiatives

•        State PSU involved in mining sector will be modernized

•        State Directorate will be strengthened to enable it to regulate   mining in a proper way and to check illegal mining

•        There will be arms length distance between State agencies that mine  and those that regulate

•        Productivity and economics of mining operation, safety and health of workers and others will be encouraged.

Tourism: Project Opportunities in Uttarakhand

PROFILE:

Tourism in India is the largest service industry, with a contribution of 6.23% to the national GDP and 8.78% of the total employment in India. The tourism industry in India is substantial and vibrant, and the country is fast becoming a major global destination. India’s travel and tourism industry is one of them most profitable industries in the country, and also credited with contributing a substantial amount of foreign exchange. Indian Tourism offers a potpourri of different cultures, traditions, festivals, and places of interest.

RESOURCES:

Uttarakhand - the land of gods, the home of Himalayas and truly a paradise on earth, allures everyone from everywhere. Uttarakhand is paradise for different types of adventure activities. Like River Rafting, Trekking, Skiing, Camping, Rock Climbing, Rappelling, River Crossing. Mountaineering, Paragliding and Hot Ballooning make Uttarakhand one of the most attractive destinations for adventure sports not only in the India but the world. Gangotri and Yamunotri, the sources of both the Ganges and Yamuna fall in the upper reaches of the state and together with Badrinath (dedicated to Vishnu) and Kedarnath (dedicated to Shiva) form the Char Dham, one of Hinduism's most spiritual and auspicious pilgrimage circuits. Haridwar, meaning "Gateway to God" is a prime Hindu destination. Haridwar hosts the Kumbha Mela every twelve years, in which millions of pilgrims take part from all parts of the India and the world. Rishikesh near Haridwar is known as the preeminent yoga centre of India. The state has an abundance of temples and shrines, many dedicated to local deities or manifestations of Shiva and Durga, references to many of which can be found in Hindu scriptures and legends.

GOVERNMENT POLICIES:

In order to develop tourism in India in a systematic manner, position it as a major engine of economic growth and to harness its direct and multiplier effects for employment and poverty eradication in an environmentally sustainable manner, the National Tourism Policy was formulated in the year 2002. Broadly, the Policy attempts to:-

•        Position tourism as a major engine of economic growth;

•        Harness the direct and multiplier effects of tourism for employment generation, economic development and providing impetus to rural tourism;

•        Focus on domestic tourism as a major driver of tourism growth.

•        Position India as a global brand to take advantage of the burgeoning global travel trade and the vast untapped potential of India as a destination;

•        Acknowledges the critical role of private sector with government working as a pro-active facilitator and catalyst;

•        Create and develop integrated tourism circuits based on India’s unique civilization, heritage, and culture in partnership with States, private sector and other agencies; and ensure that the tourist to India gets physically invigorated, mentally rejuvenated, culturally enriched, spiritually elevated and feel India from within.

 

Waste management and recycling: Project Opportunities in Uttarakhand

PROFILE:

Rapid industrialization last few decades have led to the depletion of pollution of precious natural resources in India depletes and pollutes resources continuously. Further the rapid industrial developments have, also, led to the generation of huge quantities of hazardous wastes, which have further aggravated the environmental problems in the country by depleting and polluting natural resources. Therefore, rational and sustainable utilization of natural resources and its protection from toxic releases is vital for sustainable socio-economic development.

Hazardous waste management is a new concept for most of the Asian countries including India. The lack of technical and financial resources and the regulatory control for the management of hazardous wastes in the past had led to the unscientific disposal of hazardous wastes in India, which posed serious risks to human, animal and plant life.

RESOURCES:

Investments are aimed at improving public health and the environmental quality in the Program towns and the adjacent open land and water bodies by increasing solid waste collection coverage from 50% to 72% and supporting sound solid waste disposal methods. Improvements will be directed at (i) segregation of solid waste at household level and handling and management improvements at wards and town levels with an emphasis on waste minimization, (ii) provision of solid waste collection and transportation equipment, and (iii) construction of sanitary landfills in accordance with GoI’s Municipal Solid Waste Management and Handling Rules 2000. These will develop into a State wide SWM strategy, action plan, and town wise SWM master plan reports supported by capacity building of ULBs in SWM.

GOVERNMENT POLICIES:

National policy on waste management is set out in the October 1998 policy statement on waste management- Changing our ways. It outlines the Government's policy objectives in relation to waste management, and suggests some key issues and considerations that must be addressed to achieve these objectives. The policy is firmly grounded in an internationally recognised hierarchy of options, namely prevention, minimisation, reuse/recycling, and the environmentally sustainable disposal of waste which cannot be prevented or recovered.

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Acid Slurry (From Linear Alkyl Benzene)

Acid slurry or alkyl benzene sulphonate is prepared by sulphonation of Linear Slkyl Benzene (LAB) with a suitable sulphonating agent. Batch sulphonation with either diluted SO2 gas or concentrated sulphuric acid or a mixture of 20% oleum and 98% sulphuric acid or oleum alone. Linear alkyl benzene is the raw material used to manufacture linear alkyl benzene sulfonate (LABSA), an active ingredient in the formulation of detergents. LABSA eliminates dirt by its physicochemical mechanism and it is one of the surfactants most widely used in liquid cleaners and in powder. LABSA has been used for more than 45 years in the manufacture of detergents and it is known for its excellent quality/price ratio. The global linear alkyl benzene (LAB) market is expected to register a CAGR of 3.15% during the forecast period, 2018 - 2023. Linear alkyl benzene, an organic compound, is an intermediary in the production of surfactants, which is mainly used in detergents. LAB removes oil and fatty soil absorbed into the fabric, textile or any other material. LAB is mostly used to manufacture LAS to produce detergents, house cleaners, fabric softeners, and soap bars. Linear alkylbenzene sulfonic acid (LABSA) is the largest-volume synthetic surfactant because of its relatively low cost, good performance. LAB is straight chained and can be dried to a stable powder, which are biodegradable. LAB is also required for the manufacturing of LABSA and linear alkylbenzene sulfonate (LAS), which comprises the largest global share in synthetic surfactant sector. About 83-87% of LAS is being used in household detergents, dishwashing liquids, laundry liquids, laundry powders, and other household cleaners. Heavy-duty laundry liquids are used for blankets, carpets, and bed-sheets while light-duty laundry liquids are used for regular clothes. Industrial, institutional, and commercial cleaners account for most of the other applications.
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Return: 1.00%Break even: N/A
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Automobile Radiators

Radiators are heat exchangers used for cooling internal combustion engines, mainly in automobiles but also in piston-engined aircraft, railway locomotives, motorcycles, stationary generating plant or any similar use of such an engine. Internal combustion engines are often cooled by circulating a liquid called engine coolant around the engine block, where it is heated, then through a radiator where it loses heat to the atmosphere, and then returned to the engine. Engine coolant is usually water-based, but may also be oil. It is common to employ a water pump to force the engine coolant to circulate, and also for an axial fan to force air through the radiator. The global automotive radiator market is expected to reach an estimated $13.5 billion by 2022 and it is forecast to grow at a CAGR of 5.2% by value from 2017 to 2022. The major growth drivers of this market are increasing production of passenger cars and light commercial vehicles, increasing radiator aftermarket demands, and stringent government emission standard for fuel efficiency.
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Nylon Polyester & Polypropylene Rope

Polyester ropes are almost as strong as nylon when dry. Polyester retains its strength when wet, and thus polyester ropes are generally stronger than nylon ropes when wet. Polypropylene is probably the most common material found in ropes used in the marine field. Polyester rope it’s only about 90% as strong as nylon in strength when a steady force is applied and does not absorb shock loads as well. It is also holds up as well against damage from most chemicals, rot, and mildew as nylon, but is superior in resistance to abrasion and sunlight, stretches far less. Polypropylene rope is the most popular all purpose rope for the average consumer. It is a high quality, light-weight rope that is affordable and very functional. It is high quality, strong for it’s weight, but it is not very UV, heat, or abrasion resistant. For this reason, it is generally not a good choice for long term applications where the rope would be exposed to sun or abrasion. Polypropylene rope is rot resistant and floats, making it very popular for water sports and markers. Globally, increasing demand for synthetic ropes from marine & fishing and oil & gas industry is expected to drive the demand for synthetic ropes during the period of study. The global synthetic rope market is driven by the numerous benefits as compared to steel ropes such as synthetic rope are much lighter in weight, high tensile strength, flexibility and improved performance.
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Mechanical Toys

Mechanical toys are toys powered by mechanical energy. Depending on the mechanism used they can perform a range of motions, from simple to very complex. Mechanical toys use several types of mechanisms, because Cam toys are powered by a very large cam and even bigger cam follower which transfers the cam rotation to the working area of the toy. The cam is unevenly rotated by placing the rotator out of the ideal center. This transforms the circular motion into motion that moves up and powers the toy. The demand in the global smart toys market is expected to increment at a considerable CAGR, gaining traction from a number of factors such as advancements in artificial intelligence (AI) and the Internet of Things (IoT), changing lifestyle of urban population who have increased their disposable income but losing on time for parenting, and growing awareness regarding the benefits offered by these modern toys, both outdoor and indoor. Toys market is estimated to reach a net worth of US$1,619.6 mn by 2022. Japan smart toys market is expected to create absolute dollar opportunities of US$56.1 mn between 2017 and 2022.
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Return: 1.00%Break even: N/A
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Disposable Cigarette Gas Lighter

Cigarette lighters of the type using liquified gas such as butane for fuel, and more particularly to a lighter which may be thrown away after the, initial supply of fuel has been exhausted. The usual means of refilling a gas cigarette lighter is by use of a separate disposable tank or by what is called a refill system whereby liquified gas from a large supply container is allowed to flow into a reservoir contained within the lighter. Lighters of these types are relatively expensive since they must be made of exceptionally durable material since they are expected to work for years. As a result, the cost of the material going into such lighters is quite high. Attempts have been made heretofore to provide disposible non-refillable lighters of the gas type. However, as far as it is known, none of the so-called disposable lighters have been successful. The global cigarette lighter market was worth US$ 6 Billion in 2017. The report further anticipates the market to cross US$ 7 Billion by 2023, at a projected CAGR of 2.5% over the forecast period.
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Return: 1.00%Break even: N/A
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Electrical Insulating Tape Using Bopp Film

These tapes are used in electrical insulation purpose, in packaging, sealing and a various other general uses. These tapes are also used for general labelling with printing. Packaging in India is an Rs.11, 500 crores industry and growing at the rate of 18 per cent annually. The global market for packaging is US $900 billion and India’s share is only US $3 billion, but while the per capita expenditure on packaging in the US is a whopping US $125, it is only $6.5 in India. Therefore, there is a huge potential for growth in the Indian packaging industry.
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Return: 1.00%Break even: N/A
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Ball Bearing Manufacturing

A ball bearing is a type of rolling-element bearing that uses balls to maintain the separation between the bearing races. The purpose of a ball bearing is to reduce rotational friction and support radial and axial loads. Ball bearings are rolling element bearings that use balls to separate the bearing races and provide smooth, low friction motion in rotary applications. Ball bearings are manufactured in hundreds of sizes, from the ultra-small 1.50 mm diameter bearing for use with miniaturized medical devices and micro-motors, to bearings over 15 feet in diameter for use in heavy equipment. Manufacturing process involving machining, heat treating, grinding, honing, lapping and assembly. Although there may be variations, the following process applies to the vast majority of standard ball bearings produced today. The growth of the bearings industry is correlated to the growth of the automotive and industrial industries. Moreover, increase in production of commercial vehicles is one of the key drivers of the bearings industry. The global bearings market size was estimated at $78,779 million in 2014. It is estimated to be valued at $140,792 million in 2022, registering a CAGR of 7.5% during the forecast period.
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Return: 1.00%Break even: N/A
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Plaster of Paris Bandages

Plaster bandages are used in the medical sector, for manufacturing sterile plaster bandages, limb supports, medical prosthesis and hearing aids. In this domain, our plasters are chosen for their excellent quality and grade, and capacity to accurately reproduce limbs, both in shape and dimension. Bandages are manufactured through a process involves soaking a woven fibre material in a plaster solution, which is subsequently dried. Plaster bandages are fast and practical to use; soaked in water, the moistened bandage is applied to the limb, hardening rapidly, to form a resistant casting, which does not lose shape.
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Aerosol Spray (Bagon Type) For Mosquito, Insects

Insecticides in aerosol form have become, since 1940, an important means of controlling insects. They were immediately adopted by the military forces to combat disease-carrying insects, such as the malaria and yellow-fever mosquitoes. Because of accelerated research and widespread use during the war period, the aerosol today is a household word and item. Aerosols are efficient when properly used because of the minimum of wastage. Particles of an aerosol come in contact with an insect by settling on it through gravitational fall or by striking it through motion of the particles or the insect. When aerosols are used in confined spaces, such as a room, the contact is partly by the first method, and the time necessary for enough particles to accumulate on a resting insect to cause its death is related to the rate at which the particles settle. The global household insecticides market is expected to increase at a CAGR of 7.9% over the forecast period to reach US$ 17,248.9 Mn by 2021. Household insecticides are manufactured in different forms and used for controlling various types of insects. Household insecticides formats used for controlling mosquitos and flies are aerosol/spray, electric, coils, others.
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Return: 1.00%Break even: N/A
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Azo Dye Stuffs

Azo dyes are organic compounds bearing the functional group R?N=N?R?, in which R and R? are usually aryl. They are a commercially important family of azo compounds, i.e. compounds containing the linkage C-N=N-C. Azo dyes are widely used to treat textiles, leather articles, and some foods. Chemically related to azo dyes are azo pigments, which are insoluble in water and other solvents. In 2017, the global Azo Dyes Market size was XX million US$ and it is expected to reach XX million US$ by the end of 2025, with a CAGR of XX.X % between 2018 and 2025. The Azo Dyes Market is highly competitive due to the presence of well-established key vendors. The availability R&D facilities and investments by the market leaders ensure that product innovation is always given top priority. The vendors compete based on price, quality, branding, and customer service. Since there is little differentiation between the products offered in Azo Dyes Market, vendors are focusing on launching new technologies.
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Return: 1.00%Break even: N/A
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Information
  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.

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