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Investment Opportunities & Business Ideas in Africa- Identification and Selection of right Project, Thrust areas for Investment, Industry Startup and Entrepreneurship Projects

How do you identify business opportunities in Africa?

 

Industry experts are beginning to view Africa as the “new Asia” in terms of economic growth and business opportunity. 

Africa is becoming an increasingly attractive hub for investors in light of various economic, political and social reforms that are sweeping through the continent, resulting in a much improved business environment conducive for foreign direct investment. Apart from that, there is widespread development of critical social and physical infrastructure, and there is an increasing pool of well-educated, English-speaking, enterprising workers in most countries across the continent.

It’s true there are lots of amazing business opportunities in Africa. However, it can get very confusing if you don’t know where to look. In this article, I’ll show you some of the hottest business opportunities in Africa that will create more successful entrepreneurs.


Food Processing & Agriculture:  As the world’s population increases rapidly (recently exceeding the 7 billion mark), global agricultural production must rise to feed these growing numbers. Much of that increased agricultural production will come from Africa. The opportunities in Africa’s food and agribusiness space remain huge and will not go out of fashion anytime soon. The demand of quality food is increasing for a growing population, especially in urban areas. This situation presents many business opportunities in food industry sector. It is time for you to seize these business opportunities by starting a small food processing industry and create value-added products from cereals, grains, nuts, fruits and vegetables.

Invest and start a business in Food Processing & Agriculture in Africa. Here’s some projects for investment:

·         Modern Soyabeans Production

·         Modern Vegetables Production

·         Modern Fruits Production

·         Modern Maize Production

·         Modern Cassava Production

·         Small Scale Rice Mill

·         Small Scale Palm Oil Extraction Mill

·         Honey Processing Plant

·         Poultry Feed Plant

·         Water Purification and Bottling Plant

·         Sugar Cane Production Plant 

·         Dairy Processing Plant

 

Pharmaceuticals: Africa may be the only pharmaceutical market where genuinely high growth is still achievable. Business opportunities are also present in the manufacturing and distribution of pharma products, marketing and sales, and investment groups. Africa’s pharmaceutical markets are growing in every sector. Between 2013 and 2020, prescription drugs are forecast to grow at a compound annual growth rate of 6 percent, generics at 9 percent, over-the-counter medicines at 6 percent, and medical devices at 11 percent. Africa’s pharmaceutical industry has great potential for boosting economic growth and creating jobs. Given current sustained and rapid economic growth, the African pharmaceutical industry, like that of other emerging markets, is expected to grow tremendously in the coming years.

Opportunities for investment in the pharmaceutical and medical supplies sub-sector in Ethiopia include :

A.     Production of essential drugs:  Essential drugs that satisfy the priority health care needs of the population are selected with due regard to public health relevance, evidence on safety, efficacy, quality and comparative cost effectiveness.

B.    Production of raw materials:    There is high opportunity for local production of raw materials for pharmaceutical industries in the country.         

  Following are possible potential of raw material production:

      · Maize starch

      · Refined sugar

      · Glucose syrup

      · Rectified sprite and ethanol

      · Sodium chloride

      · Packaging materials

 

Tourism:   An important factor in the expansion of tourism in Africa relates directly to the number of private companies attracting regional and international investment. Evidence of this growth is in the number of global hotel chains that are investing in major projects in Africa. The rapid growth of tourism in many developing countries also introduces new threats to the environment. Water and energy consumption, utilization of natural resources, and increased wastes are just some potential negative environmental impacts. Through sustainable forms of tourism development many of these impacts can be mitigated. Sustainable tourism development is also smart business, as a growing numbers of travelers increasingly seek environmentally friendly vacation destinations.

You're all geared up and you must find some profitable Tourism Investment Opportunities in Africa. You therefore feel it is wise to use some of your saving to start a Tourism business in Africa. You will find Uganda information on these six (6) major Tourism Investment Opportunities

·         Tour Operators

·         Water Sports

·         Hotel Accommodation

·         Serviced Apartments

·         Conference and Incentives Travel, and

·         National Park Concessions

 

 

 

Building and Construction Supplies:  Africa is going through a construction boom, an opportunity that will certainly create a lot of wealth for entrepreneurs on the continent. High building and construction activities are often signs of growing economies. When the economy looks good, the demand for residential, commercial and all kinds of real estate usually goes through the roof. The successful delivery of the government and the private sector infrastructure programs depends on the effective functioning of many stakeholders – including the building and construction materials sector. Against the need for a healthy building and construction materials sector, the cidb has developed this report on the building and construction materials sector. A key focus of this study has been on:

• Opportunities and challenges in the building and construction materials sector, and specifically;

• Opportunities for new job creation, enterprise development, and empowerment in the building and construction materials sector.

Cement is just one example of several building and construction supplies that are growing in demand across Africa. 

 

Fashion & Beauty:  Africa’s fashion and beauty market is developing at an impressive rate. The continent’s overwhelmingly young population provides a ready market for trendy fashion. All kinds of apparel, including locally-made fabrics and imported designer labels have become hot-selling products across Africa’s rapidly expanding urban areas. Africa has hundreds of rising stars who are building successful businesses in the fashion and beauty industry. The beauty industry in the Middle East and Africa was estimated at about $20.4 billion in 2011, according to the market research company Euromonitor International. South Africa alone represented $3.9 billion; Nigeria and Kenya are second and third among sub-Saharan nations, with Kenya’s market totaling more than $260 million. Over all, Africa is the next frontier for global luxury goods brands. African fashion has enjoyed massive media presence in recent times, which means the world is now aware of the industry and the capabilities of its designers.

 

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This report helps you to identify a profitable project for investing or diversifying into by throwing light to crucial areas like industry size, market potential of the product and reasons for investing in the product

This report provides vital information on the product like its characteristics and segmentation

This report helps you market and place the product correctly by identifying the target customer group of the product 

This report helps you understand the viability of the project by disclosing details like machinery required, project costs and snapshot of other project financials

The report provides a glimpse of government regulations applicable on the industry

The report provides forecasts of key parameters which helps to anticipate the industry performance and make sound business decisions.

 

Our Approach:

Our research reports broadly cover Indian markets, present analysis, outlook and forecast for a period of five years.

The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players

We use reliable sources of information and databases. And information from such sources is processed by us and included in the report

We can provide you detailed project reports on the following topics. Please select the projects of your interests.

Each detailed project reports cover all the aspects of business, from analysing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. The scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet etc.

We also offer self-contained Pre-Investment and Pre-Feasibility Studies, Market Surveys and Studies, Preparation of Techno-Economic Feasibility Reports, Identification and Selection of Plant and Machinery, Manufacturing Process and or Equipment required, General Guidance, Technical and Commercial Counseling for setting up new industrial projects on the following topics.

Many of the engineers, project consultant & industrial consultancy firms in India and worldwide use our project reports as one of the input in doing their analysis.

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.

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Cricket Ball and Bat Manufacturing

Cricket Ball A cricket ball is a hard, solid ball used to play cricket. In men's cricket the ball must weigh between 5.5 and 5.75 ounces (137.5 and 143.8 g) and measure between 8 13/16 and 9 in (220 and 225 mm) in circumference. A cricket ball is a hard, solid ball used to play cricket. A cricket ball consists of cork covered by leather, and manufacture is regulated by cricket law at first-class level. The manipulation of a cricket ball, through employment of its various physical properties, is a staple component of bowling and dismissing batsmen. Movement in the air, and off the ground, is influenced by the condition of the ball. A cricket ball is made from cork strips and a tightly wound string. It is then covered by a leather case with a slightly protruding seam. The outer layer of a ball, which is covered by the highest quality leather, is cut into four pieces. Cricket ball industry is on firm footing looking to the internal and increase in export demand, there is a good scope for starting new manufacturing units in different parts of the country. About 90 units at Meerut, Jalandhar and other places are engaged in the manufacturing of cricket balls each employing 10 to 30 workers. The production is about 180 thousand dozens per year valued more than Rupees 300 lakhs. Cricket Bat A cricket bat is a specialised piece of equipment used by batsmen in the sport of cricket to hit the ball, typically consisting of a cane handle attached to a flat-fronted willow-wood blade. The length of the bat may be no more than 38 inches (965 mm) and the width no more than 4.25 inches (108 mm). Cricket bats are the specialized equipment used by the cricket players. Cricket bats may come in different sizes but the length of the cricket bat may be no more than 38 inches and the width no more than 4.25 inches. Cricket Bats are used by professional, Club, and beginner’s batsman. The cricket bats are made for different style of play. The global cricket equipment market will grow steadily over the next four years and post a CAGR of more than 3% by 2021. This market research analysis identifies the consumers’ shift towards healthy lifestyles as one of the key growth factors for the global cricket equipment market. The recent years witnessed a gradual shift in the preference of consumers toward active and healthy activities to compensate the hectic and sedentary lifestyles. Additionally, the rapid growth in the number of illnesses is also influencing people to opt for physical activities to remain healthy. Due to the health benefits such as wellness and stress relief associated with sport activities, there is a rising number of people participating in sports such as football, cricket, and running.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Furnace Oil

Furnace oil is a dark colored fuel, either distilled or residual fraction of crude oil that is extracted while petroleum distillation and is used for the purpose of generation heat and power. This fuel is sticky, thick and glutinous in nature. Furnace oil is known by the name of fuel oil internationally and also as bunker fuel. The fuel oil consists of lengthy chains of hydrogen and carbon mainly alkanes, cycloalkanes and aromatics. Basically furnace oil is termed for relatively heavier commercial extracts from crude oil. Fuel oil (also known as heavy oil, marine fuel or furnace oil) is a fraction obtained from petroleum distillation, either as a distillate or a residue. In general terms, fuel oil is any liquid fuel that is burned in a furnace or boiler for the generation of heat or used in an engine for the generation of power, except oils having a flash point of approximately 42°C (108°F) and oils burned in cotton or wool-wick burners. Furnace oil is largely an industrial fuel. It acts as a key ingredient in the generation of electricity and heat in a number of production units. It has been used since a long time for such purposes and has gained much importance and inevitable value. Fuel oil comes under the category of the heavier oils that include furnace oil, low sulfur heavy stock, residual fuel oil, lube oil, bitumen, petroleum coke, paraffin wax and other waxes which can be extracted from crude oil.
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Return: 1.00%Break even: N/A
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Jelly Filled Cables

Jelly filled cable is an underground cable having polythene as insulation on conductors and the inter-spaces between the conductors is fully filled with petroleum jelly. Petroleum jelly prevents ingress of moisture and water inside the core in the event of any damages to the cable. The Cable is circular throughout its length and is free from any physical defects.
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Return: 1.00%Break even: N/A
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Children Knitwear (T-Shirt)

Global Knitwear market is anticipated to reach USD 699 Billion, growing at an impressive CAGR of over 5% during the forecast period, due to the increasing adoption of e-commerce sites and expanding fashion industry. Moreover, rising awareness about health and increased participation in activities, such as running and yoga, are elevating the demand for active wear. Based on the product type, the market has been segmented into Innerwear, T-Shirts & Shirts, Sweaters & Jackets, Sweatshirts & Hoodies, Shorts & Trousers, Evening Dresses, Suits, & Leggings and Accessories. In 2017, t shirts, shirts and innerwear acquired more than 40% share which is anticipated to increase in the future. The global children wear market is foretold to gain momentum in growth due to the rising demand for high-quality products amid increasing safety concerns. With increase in disposable income, especially in developing economies, the growth of the global children wear market could see a rise in the coming years. Increasing interest in buying new clothes for kids could bode well for the global children wear market. Social media is expected to significantly push the global children wear market in terms of demand.
Plant capacity: -Plant & machinery: -
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Return: 1.00%Break even: N/A
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Steel Wool

Steel wool, also known as iron wool, wire wool, steel wire or wire sponge, is a bundle of very fine and flexible sharp-edged steel filaments. It was described as a new product. It is used as an abrasive in finishing and repair work for polishing wood or metal objects, cleaning household cookware, cleaning windows, and sanding surfaces. Steel wool is most often used in refinishing furniture and sometimes in the kitchen (in the form of the popular Brillo pad,) but those are by no means its only uses! Steel wool is an inexpensive and effective workhorse inside and outside of home. Steel wool is the name given to fine metal wire that are bundled together to form a cluster of abrasive, sharp-edged metal strips. The metal strips are massed together in a sheet, folded, and turned into pads that are easily held in the hand. These steel wool pads are used for a variety of purposes, but primarily as an abrasive material, sometimes replacing sandpaper. Steel wool may be best known to consumers as the pink-colored abrasive pads that have soap added so that they may be used to scrub pots and pans.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Non-Stick Kitchen Ware

The Kitchenware market in India is estimated to be in the range of Rs $320 – $360 million out of which Kitchen Accessories market is just about 18 per cent. The market is highly unorganized with organized players accounting for only 35 - 40 per cent of the market share. The industry is pegged to grow at around 21%, some of the key drivers are as follows:- • The industry is witnessing tremendous technological changes, creating better and innovative products every now and then, this leads to enormous diversity of articles on of the key drivers of the category • The market bustles specially on the auspicious season of ‘Diwali Festival’, the growth is also fuelled by ‘Marriage Occasions’ where category forms part of Gifting item • The category is becoming popular as the Casual Entertaining Trend is on the rise – thus leading to growth of contemporary and unique item • Development of new retail channels such as modern retail format stores, lifestyle stores, etc. have also added to the growth of the category because:- • Channel present consumer with lifestyle solution rather than isolated products categories • Development of different market niches, each aiming on specific consumer group • Life style-enhancing items increase in-store traffic; encourage consumers to linger longer in the outlets and boost impulse purchases
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Return: 1.00%Break even: N/A
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Fatty Alcohol Manufacturing Business

Fatty Alcohol Manufacturing Business. Production of Long-chain alcohol (Fatty Alcohol). Profitable Business Opportunities in Oleochemicals Business Fatty alcohols are commonly derived from natural oil and fat found in animals and plants or prepared synthetically. They are aliphatic alcohols used in detergents, cosmetics, pharmaceuticals, etc. In cosmetics formulations fatty alcohol is used as a thickener, emulsifier, and emollients. Fatty alcohols can be divided into natural and artificial. All natural fatty alcohols are based on soya bean oil, palm oil, coconut oil, and others. For production of fatty alcohol - three methods can be used such as wax Easter route, Easter route, and acid route. The fatty alcohol is derived from fatty acids and forms the basic building blocks of products like soaps, shampoos, and cosmetics among others. The fatty alcohols are colorless oily liquids or solid wax substances that are widely used in making cleaning products. They are amphipathic in nature and act as non-ionic surfactants. The fatty alcohols are mainly being used as emulsifiers, thickeners, emollients, and lubricating agents across different industries. The main application areas for fatty alcohols are detergents and soaps, personal care and others. Increasing concerns regarding the effect of petrochemicals use on the environment have driven the use of bio-based, sustainable chemicals. The industry has started adopting biodegradable products and base chemicals through bio-based raw materials for the reduction of its reliance on petrochemicals and to decrease carbon footprint. Regulations regarding the environmental hazards associated with petrochemical-based products are expected to drive the market adoption. Also, increasing demand for personal care products and detergents & soaps in developing regions is estimated to drive the adoption of fatty alcohols during the forecast period. Fatty alcohol is used as an emulsifier, thickeners, emollients and lubricating agent. These vital features and aspects of fatty alcohol increases it overall market value as a chemical product. Applications segment the global fatty alcohol market into personal care, amines, soaps & detergents, lubricants and others. Global fatty alcohol market is further classified by products into C6-C10 fatty alcohols, C11-C14 fatty alcohols and C15-C22 fatty alcohols. Market Outlook Fatty alcohol market size is anticipated to be valued at over USD 7.5 billion by 2023. Favorable government initiatives accompanied by consumer shift towards natural products is likely to fuel demand over the forecast period. Increasing demand for fatty acids, coupled with increasing number of surfactant based industries are major factors driving growth of the global fatty alcohol market. Increasing number of personal care products, detergents, soaps, oil, etc. companies is also resulting into increasing usage of fatty alcohols. Abundant availability of raw materials at low cost in emerging economies is another factor fueling growth of the global market. Furthermore, increasing population and rising demand for cosmetics, cleaning products, gas, etc. are factors expected to boost growth of the global fatty alcohols market in the near future. The various application areas, the segment of detergents and soaps is expected to account for a massive, dominating share in the global fatty alcohols market during the assessment period. However, the uptake of fatty alcohols is likely to rise at substantial pace in the personal care industry. This is attributed to the rising use of emollients and emulsifiers in personal care products. The demand for fatty alcohols has witnessed a rapid worldwide demand by the rising use of fatty alcohols in the making of soaps and detergents. Rapid strides being made by the personal care and cosmetics industries in emerging economies have been imparting a big impetus to the expansion of the fatty alcohols market. Moreover, the rising use of fatty alcohols in manufacturing plasticizers, flavors and fragrance, and lubricants, is accentuating the growth. In this regard, C15-C22 fatty alcohols are extensively used in lubricants and moisturizers. In addition, C11-C14 type is used in the making of key foaming agents, notably sodium lauryl ether sulfates. However, in recent years, glut of fatty alcohols in various parts of the world is a key factor hindering the growth of the global market. Moreover, the volatility of raw materials prices has adversely affected the prospect of the fatty alcohols market. Modern lifestyle and awareness among consumer groups in developed as well as developing economies regarding the use of personal care products is a prominent factor to upsurge the growth of global fatty alcohol market. Biodegradable nature of fatty alcohol which helps maintain ecological balance is a significant factor empowering the global fatty acid market. Rising demand for detergents, surfactants and lubricants is expected to drive this market for the forecast period. End user industries like food and oil industries are expected to open new opportunities for the global fatty alcohol market. Expensive raw material cost is holding up the growth of global fatty alcohol market. The global fatty alcohol market is divided based on type, application, and region. Type is segmented into the short chain, long chain, pure & mid-cut, and higher chain. Based on application, the market is segmented into personal care, plasticizers, industrial & domestic cleaning, lubricants, pharmaceutical formulation, food & nutrition, and others. Geographically, the market has been segmented into Asia-Pacific, North America, South America, Middle East & Africa and Europe. Asia-Pacific is expected to dominate the market in the forecast period, due to the rising disposable income, increasing population and growing demand for fatty alcohols in various industries. Major leaders of the world Fatty Alcohols market are: Wilmar International Ltd., Kuala Lumpur Kepong Berhad, Musim Mas Holdings Pte. Ltd., Godrej Industries Limited, The Procter & Gamble Company, VVF Limited, Sasol Limited, Kao Corporation, Emery Oleochemicals (M) Sdn Bhd, Royal Dutch Shell plc. Oleochemicals Industry in India Fatty acids control a lion’s share in the India oleochemicals market on account of large requirement for distilled fatty acids and polyunsaturated acids, which are essential in the production of soaps, personal care products, detergents, lubricants, surfactants, etc. Oleochemicals are industrially produced chemicals derived from animal fats or vegetable oils. Since oleochemicals are less toxic as compared to conventional petrochemical products, various end use industries such as those engaged in manufacturing of personal care products, detergents, soaps and agrochemicals, are substituting their requirement for petrochemicals with oleochemicals. India oleochemicals market is projected to cross US$2.6 billion by 2025. India oleochemicals market has been segmented into five categories namely - fatty acids, fatty alcohols, glycerin, fatty acid methyl esters and fatty amines. Robust growth in India oleochemicals market can be attributed to the increasing demand for naturally derived raw materials for personal care and soaps industry. Rising consumer spending on green products and increasing awareness regarding the harmful effects of chemicals used in cosmetic products has resulted in an upsurge in preference for oleochemicals in the country, especially over the last few years. However, the fastest growth in India oleochemicals market over the next ten years is anticipated to be exhibited by methyl esters and fatty amines, which are increasingly being used in the agrochemicals sector. West region controls the largest share in India oleochemicals market on account of strong presence of soaps and detergent manufacturing industries in the region. Few of key players involved in India oleochemicals market include VVF(India) Limited, Godrej Industries Limited, 3F Industries Limited, Jocil Limited, Indo Amines Ltd., Universal Biofuels Limited, Oil Base India and Oleochem India Private Limited Tags #Fatty_Alcohol, #Production_of_Fatty_Alcohols, Process for Production of Fatty Alcohols, #Fatty_Alcohol_Manufacturing_Plant, Fatty Alcohol Industry in India, Setting up Fatty Alcohol Manufacturing Unit, Fatty Alcohol Business, #How_to_Start_Industrial_Alcohol_Manufacturing_Business, Fatty Alcohol Making Process, Fatty Alcohol Manufacture, Manufacturing of Fatty Alcohol, #Fatty_Alcohol_Plant, Process for Producing Fatty Alcohols, Fatty Alcohols Manufacturing, Long-Chain Alcohols, Fatty Alcohol Production Process, Fatty Alcohol Production Plant, Production, Properties, and Uses of Fatty Alcohols, Fatty Alcohol Production Business, #Fatty_Alcohol_Formula, Process for Manufacturing of Fatty Alcohols, #Project_Report_on_Fatty_Alcohols_Manufacturing_Industry, Detailed Project Report on Fatty Alcohols Manufacturing, Project Report on Fatty Alcohol Production, Pre-Investment Feasibility Study on Fatty Alcohol Production, #Techno_Economic_feasibility_study_on_Fatty_Alcohols_Manufacturing, Feasibility report on Fatty Alcohol Production, #Free_Project_Profile_on_Fatty_Alcohol_Production, Project profile on Fatty Alcohol Production, Download free project profile on Fatty Alcohol Production, #Oleochemicals_Industry_in_India, India Oleochemicals, Oleo Chemicals, Production of Oleochemicals, Oleochemical Industry, Oleochemicals Manufacturing, Oleochemical Production Process, Oleochemical Manufacture, Oleochemical Manufacture and Applications Pdf, Manufacturing of Oleochemicals, Production of Long-chain Alcohols
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Return: 1.00%Break even: N/A
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Ceramic Crockery Products (Bone China)

Ceramic crockery has dazzling lustre which enhances its quality and prolongs its life. Moreover, bone china crockery requires least amount of maintenance. The Bone China crockery are being manufactured using the high grade raw materials. These are being available in standards as well as the customized forms on the basic of designs shape sizes and color. These comprises serving dish, plates and bowls and is highly known in the market for its stylish, classy look, premium quality, durability, attractive patterns, vibrant colors and good polishing ability. These are designed according to the latest trends prevailing in the market. Features: • Perfectly finish • Long service life • Light weight • Good quality • Stylish look and attractive • Durable The residential consumers are the major end-users of ceramic tableware products. The demand for ceramic tableware is anticipated to grow owing to the increase in household numbers globally. The increasing home renovation and modular kitchen projects will be one of the major trends in the global ceramic tableware market during 2019-2023. The number of home renovation projects in the Americas has been increasing since 2016. The average spending on dining renovation in the US grew by around 13% in 2016 when compared with the previous year. The trend in dining renovation is anticipated to continue growing during the forecast period and a considerable amount of revenue from dining renovation projects is anticipated to flow into ceramic tableware products.
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Return: 1.00%Break even: N/A
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G.I. Sheet (Plain & Corrugated)

The galvanized iron (GI) sheets are produced as plain coils / sheets (GP) and corrugated sheets (GC). Corrugated sheets are also known as corrugated galvanized iron (CGI) sheets. These are value added steel products which are tough, sturdy, light weight, bright, corrosion resistant and easy to transport. Features: • Durable surface finish • Superior strength • Corrosion resistant • Cost effective • Fine finish • Low maintenance • High usability • User friendly • High efficiency • Compact design • Enhanced durability These are highly demanded in market due to their various attributes such as fine quality, high tensile strength and long life.
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Return: 1.00%Break even: N/A
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Rock Drill Bits

Rock Drill Bit provides for high speed and efficient drilling support through use of a hydraulic motor which makes use of rotation motion for faster & precise cracking and chipping away of rock fragments. These drills make use of H22 integral steel for better drilling efficiency and can be made available in different sizes for drilling holes of varied diameters. Rock Drill Bits used in Rock drilling work. Using a very inexpensive electrolysis process, with off the shelf chemicals, the unit etches the surrounding metal to expose the tungsten buttons increasing the life of the drill bit. Depending on the usage and how eroded the buttons are, the process can be repeated up to three times during the life of the drill bit thus prolonging the use of the drill bit by an extra three periods. Global drill bit market is expected to witness growth over the forecast period on account of increasing drilling meant for exploration and production of crude oil and natural gas in Australia, Middle East and the U.S. Growing construction industry in light of rapid industrialization and urbanization in emerging economies of India, China, and Brazil is likely to augment the market for drilling accessories. Drill bit are cutting tools used in the application of activities meant for creating cylindrical holes for drilling to produce crude oil and natural gas. Construction industry is expected to be a potential application for drill bit in light of increasing consumption in foundation work and maintenance in housing sectors.
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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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