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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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Electronic Ballast (Choke)

Electronic Ballast is a device which controls the starting voltage and the operating currents of lighting devices built on the principle of electrical gas discharge. It refers to that part of the circuit which limits the flow of current through the lighting device and may vary from being a single resistor to a bigger, complex device. In some fluorescent lighting systems like dimmers, it is also responsible for the controlled flow of electrical energy to heat the lamp electrodes. Electronic ballast is a device that converts power frequency to very high frequency to initialize gas discharge process in Fluorescent Lamp by controlling voltage across the lamp and current through the lamp. It operates in low supply voltage. It produces high frequency to give very high output voltage initially to start up the discharge process.
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D-Phenylglycine

Phenylglycine is the organic compound with the formula C6H5CH (NH2) CO2H. It is a non-proteinogenic alpha amino acid related to alanine, but with a phenyl group in place of methyl. It is a white solid. The compound exhibits some biological activity.
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Micro Irrigation System

Micro-irrigation, also called localised irrigation, low volume irrigation, low-flow irrigation, or trickle irrigation is an irrigation method with lower pressure and flow than a traditional sprinkler system. Low volume irrigation is used in agriculture for row crops, orchards, and vineyards. It is also used in horticulture in wholesale nurseries, in landscaping for civic, commercial, and private landscapes and gardens, and in the science and practice of restoration ecology and environmental remediation. Micro irrigation refers to a family of irrigation systems that apply water through small devices. Micro-irrigation refers to low-pressure irrigation systems that sprinkle, spray or drip water. These devices supply water onto the surface of soil that is near the plant or below the soil surface directly into the plant root region. Advantages of Micro Irrigation Systems: More crop for every drop, early maturity, better quality & higher yield. Ideal for terrain with problematic soils & water. Saves labor cost. Yield increase up to 230%. Saves water up to 70%. Successfully working on more than 40 crops covering over 600 thousand acres. Micro irrigation is the application of water to the soil or crops in an artificial way such as per the requirement of crop to fulfill the water needs and cumulative water use of plant or evapotranspiration need of the plant in the form of droplets or sprinkles like rain fall. The global micro irrigation systems market is teeming with opportunities to provide a sustainable irrigation solution for agricultural crop in water scarce regions. Agrarian economies of Asia Pacific and Africa face challenges of long spell of droughts and climatic uncertainties that require reliable man-made irrigation methods to prevent huge losses of agricultural crop. Micro Irrigation Systems Market is expected to garner $8,321 million by 2022, registering a CAGR of 16.6% during the forecast period 2016 - 2022. Irrigation involves provision of water to dry land for crop cultivation. The micro-irrigation process supplies water at frequent intervals above and below the soils surface. Micro-irrigation systems are generally low- or medium-pressure systems that deliver water in the form of sprinkles, spray, mist, drip, and jet.
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BOPP Films

BOPP films (Biaxially Oriented PolyPropylene Films) are produced by stretching polypropylene film in both machine direction and transverse direction. BOPP film is used in vast range of applications comprising packaging, labeling and lamination. BOPP Films are preferred substrate for food packaging globally because of its inherent moisture barrier properties, seal ability, high clarity and graphic reproduction and shelf appeal, best possibilities of the pack being a mono layer/homogeneous structure. For food packaging, it is prominently used as co-extruded heat sealable reverse printable film. BOPP, Biaxially-Oriented Polypropylene, is a film that is made of polypropylene that has been “biaxially oriented” meaning that the film has been stretched in two different directions. The film is usually a multilayer film that relates to three-layer structures: One thick layer of polypropylene sandwiched between two thin layers of polypropylene. BOPP films have become more popular in the world market because of its unusual combination of properties: The global packaging industry is moving towards a new trend and players are replacing cellophane, waxing paper, and aluminum foils with BOPP films. This trend is expected to gain traction in the coming years owing to the fact that BOPP films are more flexible and also facilitate faster packaging with advanced sealing properties as compared to other packaging materials. This has impelled manufacturers to come up with new techniques pertaining to the production of BOPP films in order to cater to the demand of various industries. The growing demand for innovative and novel packaging options is a noteworthy trend that is envisioned to open a plethora of growth prospects for the global BOPP films for packaging market. The global packaging industry is moving towards a new trend and players are replacing cellophane, waxing paper, and aluminum foils with BOPP films. This trend is expected to gain traction in the coming years owing to the fact that BOPP films are more flexible and also facilitate faster packaging with advanced sealing properties as compared to other packaging materials. This has impelled manufacturers to come up with new techniques pertaining to the production of BOPP films in order to cater to the demand of various industries. The global BOPP films for packaging market is expected to witness a CAGR of 6.0% from 2017 to 2025. In 2017, the market was worth US$ 13,669.4 Mn and is expected to touch a valuation of US$ 21,736.5 Mn by the end of 2025.
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Veterinary Medicines (Powder, Tablets & Capsules)

Veterinary medicine, also called veterinary science, medical specialty concerned with the prevention, control, diagnosis, and treatment of diseases affecting the health of domestic and wild animals and with the prevention of transmission of animal diseases to people. Veterinarians ensure a safe food supply for people by monitoring and maintaining the health of food-producing animals. Veterinary medicine is widely practiced, both with and without professional supervision. Veterinary medicine, which deals with prevention, diagnosis, and treatment of diseases, disorder, and injury in animals. Veterinary medicine is widely practiced worldwide due to increasing number of pet adoptions, rising veterinary expenditure, increasing number of veterinary professionals, and rising demand for pet insurance. The India Veterinary Healthcare market is expected to register a CAGR of around 10% during the forecast period, 2018 to 2023. Veterinary medicines are associated with treatment, diagnosis, and prevention of diseases among animals. It covers a variety of animal species, both, in domestic and wild. The global market for veterinary drugs has been categorized on the basis of geography into North America, Latin America, the Middle East and Africa, Asia Pacific, and Europe. Among these, North America is projected to experience a high growth in the next few years. As per the research study, this region led the global market in the last few years and is predicted to remain in the similar position throughout the forecast period. Furthermore, Europe is anticipated to experience a healthy growth in the next few years. Furthermore, the rising incidence of infectious disease among animals is expected to enhance the growth of the veterinary drugs market in Latin America and Asia Pacific. The rising popularity of a variety of companion animals and the growing demand for several meat products are considered as the key factors that are anticipated to encourage the growth of the global veterinary drugs market in the next few years. In addition to this, the growing disposable income of consumers, especially in developing economies has further allowed a significant rise in the expenditure on animal care, which is likely to accelerate the growth of the overall market in the near future.
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Steel Drums and Barrels

Steel drums are used for storage and transportation of both hazardous and non-hazardous materials such as chemicals, coatings, paints and oil, etc. Steel drums are prepared by the process of roll forming, then welded by the electric resistance welding method, and lastly coated and painted. Recyclability, compactness, and excellent performance in a wide range of temperature are the main reasons why steel drums are preferred over alternatives like fiber and plastic drums. The two main categories of steel drums are tight-head steel drums and open-head steel drums. The global steel drums market is estimated to grow at a CAGR of 5.4% during the forecast period – 2018-2027. The Asia Pacific steel drums market is expected to remain in the foremost position, during the forecast period. Steel drums continue to be a feasible option for storing and transporting chemicals, lubricants, flammable & combustible materials and more due to their fire resistant properties. Steel drums prove to be a reliable solution to the bulk packaging needs. These properties are anticipated to further propel the demand for steel drums in the global steel drums market during the forecast period.
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Activated Alumina Balls

Alumina balls, composed of greater than 99% sintered alpha-alumina with very low impurity levels, are essentially inert in most chemical environments. Activated alumina is manufactured from aluminium hydroxide by dehydroxylating it in a way that produces a highly porous material; this material can have a surface area significantly over 200 m²/g. Activated alumina ball is used for a wide range of adsorbent & catalyst application. Activated alumina balls grade is used in PET Drying, Polyester Chips Drying, manufacturing process of hydrogen peroxide. Activated Alumina Ball is a selective adsorbent for removal of impurities like arsenics and fluoride from drinking water. Activated Alumina Balls grade is used for drying of air, gases, and liquids. Purification and conditioning of insulating oil and Industrial oils. Activated alumina balls are aluminium oxide based compounds which are highly porous in nature with a significantly high surface-area-to-weight ratio. With the latest technology, they can easily attain their high quality properties like adsorption, mechanical strength, pore volume and surface area. The striking features of this adsorbent are its non-corrosive nature, resistance to softening and swelling, abrasion resistant, shrink proof, low resistance to gas proof, etc. An assortment of activated alumina is available in the market, which includes adsorbent, desiccant and activated alumina for chromatography. The extensive use of activated alumina ball for a wide range of catalyst-based applications coupled with its ability to act as an adsorbent will fuel this market’s growth during the forecast period. Activated alumina will be used for the removal of impurities such as fluoride and arsenic from drinking water and can also be used for the drying of liquids, air, and gasses. Also, these will be used in the purification and conditioning of insulating oil and industrial oils as its chemical and physical structure is very stable at higher temperatures. The global activated alumina market is expected to reach USD 1.32 billion by 2025. Increasing demand from key end-use industries, including water treatment and oil & gas, is a key factor driving the growth of activated alumina market growth. In addition, robust growth of the healthcare industry in North America is further fueling the demand over the forecast period.
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Automatic Ignition Coil

Ignition coil (also called a spark coil) is an induction coil in an automobile's ignition system that transforms the battery's low voltage to the thousands of volts needed to create an electric spark in the spark plugs to ignite the fuel. The global Automotive Ignition Coil Market accounted for $2.35 billion in 2016 and expected to grow at a CAGR of 5.2% to reach $3.19 billion by 2022. Factors such as rising automotive production, per capita income growth, stringent fuel efficiency and emission norms and demand for advanced ignition coils are driving the market growth. Globally, there is an increased emphasis on sustainability and support for lower fuel consumption along with lower emissions, in order to protect the environment and curb air pollution. Hence, automotive market players are innovating and developing new ways to enhance the overall efficiency of the automobiles. Keeping these points in mind, and owing to the requirement for higher ignition voltage coupled with restricted space in the engine compartment, there are increasing novel demands for modern ignition coils. In addition, the mixture of air and fuel must be ignited at the right time with optimum ignition energy so that fuel present in the engine is combusted completely. For the same reason, there is an increased adoption of advanced ignition coils that meet these stringent criteria. This in turn is driving the demand in the overall market for advanced ignition coils and thereby creating a positive impact on the global automotive ignition coil market.
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Tomato Paste Packaging Industry

Tomato Paste Packaging Industry. Profitable Business Opportunities in Packaged Tomato Paste. Packaging of Tomato Paste Tomato is one of the most important food crops in India. It grows in almost every state of the country. Some of the major producing states are Bihar, Karnataka, Uttar Pradesh, Orissa, Andhra Pradesh, Maharashtra, Madhya Pradesh and West Bengal. Tomato is a rich source of vitamins A, C, potassium, minerals, and fibers. Tomatoes are used in the preparation of soup, salad, pickles, ketchup, puree, sauces and also consumed as a vegetable in many other ways. Tomato paste is a concentrated long shelf life product used as an important food ingredient worldwide. Tomato paste is prepared by removing skin, pulp of tomatoes to create tomato juice which is then concentrated generally by evaporation method in order to obtain a thick paste. Increasing demand for organic tomato paste is expected to drive the global market revenues of tomatoes in the coming years. The global tomato paste market is segmented into, product type, packaging type, area of application, sales channels and by region. By packaging-type the global tomato paste market is segmented into, cans, carton packaging, bottles and pouches. Cans are the preferred packaging solution for tomato paste due to its convenient packing and to an increase in its shelf life. Tomato paste market is expected to witness significant market growth during the forecast period owing to its widespread application in food industry. Tomato Processing Market: Advantages of Tomato Processing • Protection against spoilage • Long shelf life • Add value • Availability • Easy transportation • Profitability • Lower of season cost • Easy to store • Convenience • Safety The global tomato processing market has experienced a healthy growth over the past several years. This can be accredited to the changing lifestyle and increasing spending power of the consumers coupled with the innovative product packaging. The growing preference for fast food, especially by the young generation, has resulted in the increasing demand for processed tomato products such as ketchup and sauces. This is further expected to spur the growth of the tomato processing market across the globe. The global tomato processing market reached a volume of around 34 Million Tons in 2016. A number of factors are currently driving the growth of this market. These include changing food habits, rising incomes, urbanisation, emerging markets, growing consumption of fast foods especially by youngsters, etc. On the basis of product type, the market is segmented into sauces, pastes, canned tomatoes, ketchups and juices. Currently, sauces account for nearly a third of the total processed tomato consumption, representing the most popular product type. Due to increasing standards of living in the cities and the rapid urbanization in the rural areas, the demand for ready-to-eat items is also growing. Additionally, the changing food habits including the growing fast food industry has created a boost in the demand for processed tomato items. Another aspect is modern packaging technology. Basically, the Multi-layer- Flexible plastic packaging, Tetrapack, and Brick packing have a tremendous impact on the growth of the processed tomato market. This type packaging allows distributing tomato products to wide, distant and remote areas. In addition, it allows storing the products at room temperature for a period of more than 4 months. Packaging of Tomato Paste The packaging and storage of tomato paste must not only function to contain the produce but more importantly to serve as an effective handling unit and protect the product from mechanical and other causes of damage. Other functions of the packaging container are to identify its contents and promote their sale. Different containers and packaging materials are used in handling and transportation of tomato paste. Today, consumers are facing new socio-economic challenges and food-related factors, which tend to favor service quality; thus, packaging plays an important role in bringing tomato products to the ultimate user. New packaging systems and materials and environmental concerns are some innovations in the packaging sector of tomato paste. These innovations must provide greater convenience to consumers and extend the shelf-life of tomato paste. Tags #Tomato_Paste_Production, #Tomato_Paste_Packaging, #Production_of_Tomato_Paste, #Tomato_Paste, #Packaging_and_Storage_of_Tomato_Paste, How to Make Tomato Paste, #Tomato_Processing_and_Paste_Manufacturing_Unit, Tomato Processing Plant, Tomato Paste Processing Pdf, Tomato Paste Making Process, Manufacture of Tomato Paste, Tomato Processing Plant Layout, #How_to_Start_a_Tomato_Paste_Production, Tomato Paste and Processed Tomato, Tomato Products, Packaging of Tomato Paste, Profitable Tomato Processing Business Opportunities, Tomato Processing Business Plan, Tomato Processing Plant, Tomato Paste Packing, Tomato Paste Packaging Materials, Tomato Paste Production Business, Tomato Paste Manufacture, Tomato Paste Packing Factory, Processing and Packaging of Tomato Paste, Packing of Tomato Paste, Product Packaging for Tomato Paste, Tomato Paste Processing and Packaging Plant, Tomato Processing and Tomato Based Products, Tomato Paste Production, Food Processing Industry, Tomato Processing Industry, Tomato Paste Processing, How to Start a Tomato Processing Plant, Cost of Setting up a Tomato Processing Business, By-Product from Tomato Processing Industry, Tomato Processing By-Products, Tomato Based Products, Tomato Processing and Value Added Products from Tomato, Value Addition in Tomato Production, Tomato Value Added Products, Value Added Products from Tomato, #Project_Report_on_Tomato_Paste_Packing_Industry, Detailed Project Report on Tomato Paste Production, Project Report on Tomato Processing and Value Added Products from Tomato, Pre-Investment Feasibility Study on Tomato Paste Packaging, Techno-Economic feasibility study on Tomato Paste Packaging, #Feasibility_report_on_Tomato_Paste_Packaging, Free Project Profile on Tomato Paste Packaging, #Project_profile_on_Tomato_Processing_and_Value_Added_Products_from_Tomato, #Download_free_project_profile_on_Tomato_Paste_Packing_Business
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Return: 1.00%Break even: N/A
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Washing Machine & Geyser

Washing Machine Washing machine (laundry machine, clothes washer, or washer) is a device used to wash laundry. The term is mostly applied to machines that use water as opposed to dry cleaning (which uses alternative cleaning fluids, and is performed by specialist businesses) or ultrasonic cleaners. The user adds laundry detergent which is sold in liquid or powder form to the wash water. Washing machine is a home appliance used for the laundry purpose. Economic growth in advanced and developing countries has favored the growth of the washing machine market. The use of a washing machine helps to save time and energy required to wash laundry. Product innovations have led to the development of advanced washing machines that increase comfort level and convenience for customers. The growing demand for products which bring convenience to consumers is a key factor fueling the demand for washing machines. The growing changes in lifestyles, increasing disposable income, and the availability of advanced technology are also boosting the growth of the global washing machines market. One of the trends seen in the washing machine market in recent times is the use of technology that reduces the use of water for washing. Global Washing Machine Market was valued at $36,648 million in 2016, and is projected to reach at $53,193 million by 2023, growing at a CAGR of 5.5% from 2017 to 2023. Washing machines are widely used home appliances for washing laundry, as they save time and energy. A washing machine operates by spinning the laundry at high speed, thereby generating centrifugal force that removes water from the laundry along with dirt. Geyser Geyser is a spring characterized by intermittent discharge of water ejected turbulently and accompanied by steam. As a fairly rare phenomenon, the formation of geysers is due to particular hydrogeological conditions that exist only in a few places on Earth. A geyser is a vent in Earth's surface that periodically ejects a column of hot water and steam. Even a small geyser is an amazing phenomenon; however, some geysers have eruptions that blast thousands of gallons of boiling-hot water up to a few hundred feet in the air. Water heaters in India are emerging as technologically upgraded and innovative products. Electric water heaters are currently the most popular among consumers. Although electric water heater market is moving towards maturity, continuous innovations on the part of manufacturers are driving growth in the market. In addition, solar water heaters are anticipated to gain prominence in India water heater market over the next five years. India water heater market projected to surpass $ 600 million by 2023. Growth in the market is led by increasing number of new residential units and other construction activities coupled with rising per capita disposable income. Moreover, improving standard of living, technological advancements, and rising demand for low-cost and efficient water heaters is further expected to propel growth in India electric water heaters market over the next five years. Growing concerns for energy efficiency is contributing to the increasing demand for electric water heaters. Increasing number of pre-plumbed unvented systems in several new constructions is also driving the demand for electric heaters. Manufacturers are integrating smart heating controls in electric heaters to facilitate ease of use. Electric heaters are being used on a large scale in the commercial sector to assist in production and for staff use. Increasing commercial infrastructure development across different countries is driving the demand for water heaters. Small and mid-sized companies are using water heaters for their daily production activities. Meanwhile, in order to reduce energy consumption and operational efficiency, companies are adopting highly efficient water heaters. Due to the increasing use, upgrading commercial water heaters is necessary. Hence, vendors are integrating new technologies that can act as a signal for upgrading commercial water heaters. Companies are also working on new technologies by focusing on M&A activities to offer better products in the global market.
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Return: 1.00%Break even: N/A
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  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
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