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Best Industries for Starting Your Own Business. Profitable Manufacturing Business Ideas.
Best Industries for Starting Your Own Business. Profitable Manufacturing Business Ideas.
(NPCS Newsletter - Issue 122017)
Project Profiles of below projects can be viewed/ downloaded from http://www.niir.org/profiles/
The only way to determine if your ideas can potentially be profitable as a business and is worth pursuing further is to conduct feasibility studies. The purpose each entrepreneur should conduct a detailed feasibility assessment or study is to test if that business idea makes: Personal Sense, Business Sense, Market Sense, and Financial Sense. Without looking at the personal aspect, business concept, the market, and the financials, as well as analyzing the data and information, an entrepreneur is likely not to be successful or not as successful as s/he would like to be. A business plan is an essential roadmap for business success. A business plan provides direction, keeps you on track and is usually a requirement when you seek finance. A business plan is a formal grid map of all of your business goals, and plans on how to achieve them. Entrepreneurial skills assist Small scale industries generate growth and development of new ventures in developing economies. At the entrepreneurship development level, a key role of the programme is to develop tools and programmes that deal with the long term effects of entrepreneurial culture.
We believe that preparing a business plan is important for any business regardless of its size or nature. To make it easier here are few project profiles for planning a business:
The importance of education was well recognized in India, ‘Swadeshepujyate raja, vidwansarvatrapujyate’ “A king is honoured only in his own country, but one who is learned is honoured throughout the world." A school is an institution designed to provide learning spaces and learning environments for the teaching of students under the direction of teachers. There are two types of school that is primary school for young children and secondary school for teenagers who have completed primary education. There are various boards of schools in India, namely Central Board for Secondary Education (CBSE), Council for the Indian School Certificate Examinations (CISCE), Madrasa Boards of various states, Matriculation Boards of various states, State Boards of various boards, Anglo Indian Board, and so on. The typical syllabus today includes Language(s), Mathematics, Science — Physics, Chemistry, Biology, Geography, History, General Knowledge, Information Technology/Computer Science etc..Extracurricular activities include physical education/sports and cultural activities like music, choreography, painting, theater/drama etc. The CBSE envisions a robust, vibrant and holistic school education that will engender excellence in every sphere of human endeavor.
There has been massive expansion of school education in India in the last few decades. There are 15 lakh schools in the country as per DISE data for 2014-15. Government owns and manages nearly 75% of elementary, 43% of secondary and 40% of higher secondary schools, the remaining are privately owned and managed. There are 25.95 crore children enrolled in school education, including 19.77 crore at elementary level; 3.83 crore at secondary level; and 2.35 crore at higher secondary level (U-DISE 2014-15). A comprehensive National Policy for Skill Development and Entrepreneurship was formulated in 2015 and a Mission was set up by Government of India, with the objective of training 40 crore people by 2022. We actively encourage a culture of innovation, which facilitates the development of new technologies and ensure a high quality product…….Read more
Milk Processing (Milk, Paneer, Butter and Ghee)
The growth of the ultra high temperature (UHT) sterilization process of milk has been tremendous for the last two decades all over the world. The advantages of UHT milk for these countries are possible reductions in transport, distribution and storage costs and the control of regional and seasonal fluctuations in production. The total amount of milk fat used in this country as a food in these various form amounts to approximately 4 billion pounds annually. The laws of most of the states and of the United States require that butter must contain at least 80 per cent of milk fat. In additional normal butter contains a little less than 1 per cent of cur and it may contain added salt. Paneer contains a host of nutrients like calcium, protein, phosphorus, zinc, vitamin A and vitamin B12.
The demand of the milk & milk Products increase day by day to meet the demand it is necessary to set up the milk and milk products processing plant. Area of the project and area profile (how the key activity suitable for the area and the people) Area of the project will be from milk man/Dairy Farm House – Milk in the process plant – Store – Market From nearby villages – milk man collect milk in the milk storage Tank – factory – milk is gone through different process section – process milk – store in the cold store – dealers – differ outlet retailers shop – public use section. The processing market in India is expected to grow at a CAGR of 20.5% over FY 2015 to FY 2020. Milk Processing Industry in India 2017, several established milk processing companies are looking to further expand their business and are looking to raise funds through IPOs. This will further aid in the development of the country's milk processing industry. As a whole there is a good scope for new entrepreneur to invest in this business.…….Read more
Cotton is a soft, staple fiber that grows in a form known as a boll around the seeds of the cotton plant, as shrub native to tropical and subtropical regions around the world, including the Americas, India and Africa. Surgical cotton is also known as absorbent cotton” or “cotton wool”. Surgical/Absorbent cotton is cleared de-oiled and bleached cotton packed in different sizes. The fiber of Surgical/Absorbent cotton is very elastic. It consists of 98%-99.5% of cellulose which has a diameter of 16.30 and a length of 12-40 mm.
Today, India produces the widest range of cotton; perhaps no other cotton producing country in the world has this distinction. The demand of Surgical Absorbent Cotton is directly related with the increase in population and expansion of public health services. Government hospitals and large nursing homes are the largest consumer for cotton wool. the area under surgical cotton cultivation in India was 97 percent in 1947, it fell to 42 percent in 1990, 28 percent in 2000 and about 1 percent in 2012, and it is now estimated to be much less than 1 percent. Meditech in India is expected to grow at a CAGR of 9.1% from US$ 600 million in 2014 to US$780 million in 2017. As a whole any entrepreneur can venture in this project without risk and earn profit.…….Read more
Electronic wastes, "e-waste", "e-scrap", or "Waste Electrical and Electronic Equipment" ("WEEE") is a description of surplus, obsolete, broken or discarded electrical or electronic devices. Technically, electronic "waste" is the component which is dumped or disposed or discarded rather than recycled, including residue from reuse and recycling operations. Land filling e-waste, one of the most widely used methods of disposal, is prone to hazards because of leachate which often contains heavy water resources. Even state-of-the-art landfills which are sealed to the long-term.
The rising levels of e-waste generation in India have been a matter of concern in recent years. With more than 100 crore mobile phones in circulation, nearly 25 per cent end up in e-waste annually. “India has surely emerged as the second largest mobile market with 1.03 billion subscribers, but also the fifth largest producer of e-waste in the world, discarding roughly 18.5 lakh metric tonnes of electronic waste each year, with telecom equipment alone accounting for 12 per cent of the e-waste’’.
E-Waste Market in India 2015-2019 research, the need to prevent biological hazards is one of the major trends upcoming in this market. Newer methods of preventing biological hazards have emerged over the years. Growing need to reduce toxins discharged from unattended e-waste has triggered more investment in the market.…….Read more
Sanitary Napkin comes under Nonwoven fabrics which as a whole come under technical textile. Technical textiles are defined as textile materials and products used primarily for their technical performance and functional properties rather than their aesthetic or decorative characteristics. sanitary napkins non-woven fabric is also used in several other products like cigarette filters, headliners, airlines disposables, surgical disposables, non-woven wipes, non-woven abrasives, sports footwear components etc. Meditech products include textile material used in hygiene, health and personal care as well as surgical applications. The Meditech products are available in woven, knitted and non-woven forms based on the area of application. A sanitary napkin or a sanitary towel is an absorbent item used by a woman while she is menstruating or in any other situation where it is necessary to absorb a flow of blood. It also serves to protect clothing and furnishings. Kotex were first manufactured as bandages during World War I. Kotex are a product of the Kimberly-Clark company.
Today, the global market for absorbent hygiene products is over US$ 50 bn (including wipes). The evolution of hygiene products in Europe and the North America has taken 4 to 5 generations. The total market for tissue and hygiene products grew by 18% in terms of both volume and value sales in 2011. The total market size of sanitary napkins is estimated at over two and half billion pieces in 2006-07 with a value at about Rs 4.7 bn. While the urban market has been growing at 20%, the rural market is growing at 7%. Overall, segment is annually growing at an average of over 9% for quite some time and is estimated to cross Rs 5.9 bn at the end of 2009-10. Thus, as an entrepreneur this project offers an exciting opportunity to you.…….Read more
Protein bars, which contain some form of milk-derived or plant-based protein like whey, hemp, pea or rice protein. Protein bars are usually lower in carbs than energy bars, lower in vitamins and dietary minerals than meal replacement bars, and significantly higher in protein than either. Protein bars may contain high levels of sugar and sometimes are called "candy bars" in disguise. Protein bars include isolated protein from one or more sources; for example, milk, soy or eggs. An energy bar should have 3 grams of fiber or more and up to 15 grams of protein.
The combined market for cereal/granola bars and energy/nutrition bars is projected to approach $8.3 billion in 2016, for a compound annual growth rate (CAGR) of 7.5% over the five-year 2012 to 2016 periods. The market is growing at a fast rate, due to the increasing demand among consumers for portable convenience foods, which is enhancing the protein bar market. These consumers are not only sports athletes, but also those who want to have a wholesome meal without the trouble of cooking and prefer buying protein bars. Globally, the market for protein bars is expected to register a CAGR of XX% from 2018 to 2023. The protein bar market is estimated to be valued at USD XX million in 2017 and is projected to reach USD XX million by 2023. As a whole entrepreneur can venture in this field will be successful.…….Read more
Medical College with Hospital (750 Bedded)
A medical college is meant to impart education of medical field to students to qualify them as doctors in different specialized disciplines so as to treat patients suffering from various ailments. A hospital as a health care organization has been defined in varied terms as an institution involved in preventive, curative/ameliorative, palliative or rehabilitative services. However, the definition given by WHO is quite exhaustive and exclusive, in which it is defined as, ‘an integral part of the medical and social organization which is to provide for the population complete health care, both curative and preventive; and whose out patient services reach out into the family in its home environment. Hospitals, these days, also provide bio-social research; teaching and training facilities for all members of the hospital. The undergraduate medical education programme is designed with a goal to create an "Indian Medical Graduate" (IMG) possessing requisite knowledge, skills, attitudes, values and responsiveness.
India's rapid growth has brought about a 'health transition' in terms of shifting demographics, socio-economic transformations and changes in disease patterns. The Indian healthcare dates back to the Vedic system of healthcare (Ayurveda) in 5000 BC. The Ayurvedic principles of positive health and therapeutic measures relate to physical, mental, social and spiritual welfare of human beings. Allopathy was also brought to India and soon got acceptance for swift results. Today, with continuous research and development, Aallopathy dominates the Indian health care market. the industry is projected to continue its rapid expansion, with an estimated market value of $280 billion by 2020. The development of India's hospital industry and the sector is poised to grow to $100 billion by the year 2015 and further to $280 billion by 2020. Thus, due to demand it is best to invest in this project.…….Read more
Button mushroom (Agaricus bisporus) is the most popular variety, fetches high price, still dominating the Indian and International market. It contributes about 90 per cent of total country’s production as against its global share of about 40 per cent. The white button mushroom (Agaricus bisporus) is grown on compost based on various agricultural wastes and animal manure. The composting process is a high temperature self sustained fermentation, which results in partial break down of lignin and cellulose. It fixes unstable forms of nitrogen into stable complexes, favour rapid increase in microbial population (fungi, bacteria, actinomycetes and yeasts) and eliminates harmful pathogens, competitors and pests. This process results in formation of highly selective substrate compost for the growth of mushroom mycelium.
The classic “short method of composting” by Sinden and Huuser (1953) was turning point in making compost more efficiently and in shorter duration. This is completed in two parts (i) out door (ii) indoor pasteurization. white button mushrooms or commercial mushrooms, they are available year-round and are used in soups, salads, casseroles or eaten raw. The current Indian scenario is quite encouraging with an overall increase in production by 5 to 6 times. During the last one decade, estimated production is likely to cross 50,000 tons of all types of mushrooms. However, this is very small quantity if the vast market potential of this large country is to be fully exploited. Mushroom industry has a bright future in India, chiefly because of large quantity of agro by products and agro-waste generated, as well as availability of large and cheap labour force. India exports the highest quantity of the mushroom produced in the country to USA. Netherlands and China account for 60% of the export of mushrooms. Germany is the largest importer and France and UK are large producers as well as consumers. As a whole you can invest in this project without risk and earn profit.…….Read more
Curcumin is the main biologically active phytochemical compound of turmeric. It is extracted, concentrated, standardized and researched. Curcumin, which gives the yellow color to turmeric. Turmeric is a spice derived from the rhizomes of Curcuma longa, which is a member of the ginger family (Zingiberaceae) and a gold-colored spice commonly used in the Indian subcontinent, not only for health care but also for the preservation of food and as a yellow dye for textiles. Curcumin is the main biologically active phytochemical compound of Turmeric. Molecular chemical formula of Curcumin: C21H20O6. The most important constituents in organic turmeric are Curcuminoids, which is approximately 6%, and the yellow coloring principles of which Curcumin constitutes 50-60%.
Curcumin production is mainly concentrated in India exceeding 78% of the global output. Germany pharmaceutical market will generate over USD 65 billion business by 2024, the country healthcare expenditure was registered at USD 325 billion in 2015. Europe curcumin market is forecast to witness over 13% growth.
China curcumin market size may observe significant growth owing to pharmaceutical and cosmetic industry expansion. APAC organic cosmetic spending was over USD 2.5 million in 2014 and is estimated to exceed USD 4 million by 2024 which should favor regional industry growth. Entrepreneurs who invest in this project will be successful.…….Read more
Bicycles are one of the oldest forms of transportation. Even today millions of people travel by bicycle daily to their work, college, universities and distant places. Today there are different types of cycle for different kind of cycling experiences. No matter what type of cycle you choose be it a mountain bicycle, road bicycle, hybrid bicycle or transporting bicycle basic bicycle spare parts are the same. The bicycle is the most efficient human-powered means of transportation in terms of energy a person must expend to travel a given distance. From a mechanical view point, up to 99% of the energy delivered by the rider into the pedals is transmitted to the wheels, although the use of gearing mechanisms may reduce this by 10–15%.
The Indian bicycle industry is worth around Rs. 20 bn, and annually sells about 15.5 mn units. The premium bicycling market constitutes around 5% of the total bicycle market and is estimated at around Rs. 1 bn in India. Bicycle maker Starkenn to set up plant near Pune (Maharashtra). The plant will be operational by 2016. The company produces 35,000-45,000 cycles per year. The company sells bicycles priced between Rs. 25,000 and Rs. 1.1 mn bicycles are made of aluminum frames. Thus, as an entrepreneur this project offers an exciting opportunity to you.…….Read more
Baker's yeast is the common name for the strains of yeast commonly used as a leavening agent in baking bread and bakery products, where it converts the fermentable sugars present in the dough into carbon dioxide and ethanol. Yeast is single-celled fungi. As fungi, they are related to the other fungi that people are more familiar with, including: edible mushrooms available at the supermarket, common baker’s yeast used to leaven bread, molds that ripen blue cheese, and the molds that produce antibiotics for medical and veterinary use. The scientific name for the yeast that baker’s use is Saccharomyces Cerevisiae, or “sugar-eating fungus”. 100% pure Saccharomyces cerevisiae yeast cultured on sugar cane molasses under carefully controlled and sanitary conditions. After fermentation, the yeast is collected and dried using special spray dryers, which preserve the full and unaltered protein, mineral and vitamin content of pure yeast.
Global Forecast to 2022", the yeast market was valued at USD 3.23 Billion in 2016 and is projected to reach USD 5.40 Billion by 2022, at a CAGR of 9.0% from 2017 to 2022. The market is driven by factors such as the growth of the bakery industry, increasing demand for convenience food, and increasing demand for bio-ethanol as a fuel. Yeasts are used in the food industry for many applications such as soups, sauces, broths and gravies, snack seasonings, ready-to-eat meals, processed fish, meat and analogs, dairy, bakery, beverages, and dietary supplements. We actively encourage a culture of innovation, which facilitates the development of new technologies and ensure a high quality product.…….Read more
PVC pipes are produced by extrusion process followed by calibration to ensure maintenance of accurate internal dia with smooth internal boxes. These pipes generally come in lengths of 6 meters. A wide range of injection moulded fittings, including tees, elbows, reducers, caps, pipes saddles, inserts and threaded adaptors for pipe sizes 15-150 mm are available. The PVC pipes are much lighter than cast iron or A. C. pipes. Because of their lightweight PVC pipes are easy to handle, transport, and install. PVC pipes have elastic properties and their resistance to deformation resulting from earth movements is superior compared to conventional pipe materials especially asbestos. Thermal conductivity of PVC is very low compared to metals. PVC pipes are available in sizes of outer dia 20, 25, 32, 50, 63, 75, 90, 110, 140, 160, 250, 290, 315 mm at working pressure of 2, 5, 4 and 6, 10 Kg/cm2.
The demand estimates for all polymers including engineering polymers was envisaged to increase from 7.5 mn tonne in 2006-07 and to 9.5 mn tonne in 2009-10. It was projected at close to 14 mn tonnes in 2014-15. India is one of the fastest growing polymer market in the world, and is expected to become the world's third largest polymers market, with a consumption of 12.5 mn tonne, after the US and China, by 2010.
At present, the US is the largest market in the world consuming 27.3 mn tonne of polymer products. Thus, as an entrepreneur this project offers an exciting opportunity to you.…….Read more
Pipe Bond (PVC, UPVC & CPVC) with Thinner, Rosin & Phenyl Manufacturing
A thinner is a solvent used to thin oil-based paints or clean up after their use. Commercially, solvents labeled "Paint Thinner" are usually mineral spirit shaving a flash point at about 40 °C (104 °F).
Rosin, also called colophony is a solid form of resin obtained from pines and some other plants, mostly conifers, produced by heating fresh liquid resin to vaporize the volatile liquid terpene components. It is semi-transparent and varies in color from yellow to black. White phenyl (sometimes written as phenyl) is a disinfecting agent made from pine oil. It is made by using an emulsifier- a compound that allows an oil to stably make a solution with water. Chlorinated polyvinyl chloride (CPVC) pipe and fittings are rapidly growing in popularity in both corrosive and high-temperature applications. CPVC piping systems can be joined using flanging, threading or mechanical joining.
The size of the Indian paint market is expected to reach Rs.708.75 billion by the financial year 2019-2020 from around Rs.403 billion in FY 2014-15, according to an estimate by industry body Indian Paint Association (IPA) in January 2017. The decorative paint market size was Rs.303.85 billion and that of industrial paint was Rs.99.15 billion in FY 2014-15. The global gum rosin market size was USD 1.57 Billion in 2015 and is expected to witness growth at a CAGR of 3.3% over the forecast period. the WW segment is expected to be the fastest growing product segment, projected to grow at a CAGR of nearly 6% from 2016 to 2024. The Indian plastic pipe market is forecast to grow at a CAGR of 10.4% from 2016 to 2021. the India PVC pipes and fittings market will grow at a double digit CAGR over the period FY’2015-FY’2020 and is projected to reach INR 327 billion by FY’2020. We actively encourage a culture of innovation, which facilitates the development of new technologies and ensure a high quality product.…….Read more
Dragon Fruit stems are scandent (climbing habit), creeping, sprawling or clambering, and branch profusely. There can be 4-7 of them, between 5 and 10 m or longer, with joints from 30–120 cm or longer, and 10–12 cm thick; with generally three ribs; margins are corneous (horn-like) with age, and undulate. The fruit is oblong to oval, to 6–12 cm long, 4–9 cm thick, red with large bracteoles, with white pulp and are edible; seeds are black. Dragon Fruit or Pitaya grows best in uniformly distributed rainfall throughout the year. It prefers free draining soil with sandy to clay loam types, 5.3 to 6.7 pH and high organic matter. However, Pitaya is also grown successfully in sandy soils. Pitaya is shallow rooted with most roots concentrated on top 15- 30 cm soil depth.
India gets a taste of exotic dragon fruit. This fruit of a vine-like cactus has white flesh peppered with tiny edible black seeds. Its popularity is growing beyond metros to other cities, particularly in south India. The fruit was selling for about US$10 per kg, according to, director of the Ministry of Agriculture and Rural Development. Vietnamese dragon fruit is selling well in Chinese and Vietnamese in the US, said Mr Dat, who has been on a fact-finding trip in the country. As a whole there is a good scope for new entrepreneur to invest in this business.…….Read more
A collapsible tube is defined as a cylinder of pliable metal that can be sealed in such a manner that its contents, although readily discharged in any desired quantity, are protected from contact with air or moisture. Collapsible tubes are made from aluminum, tin coated lead, or lead tin alloy by cold extrusion. They consist of three parts, the main tube, a shoulder to one end of which a screened nozzle with orifice is fitted, and a molded cap to close the orifice, sometimes application of various design are attached to the nozzle with the help of mechanical or hand operated filling machines. The majority of medical creams and ointments are marketed in collapsible tubes made from aluminium or plastics which retain their original shape after use, or special laminates based on aluminium foil.
The growth in aluminium consumption is focused on Asian region which is supported by strong public policies by respective governments. The main primary producers of aluminium are located in China, Russian Federation, North America, Latin America, Western Europe, and Australia. India is an important player in the aluminium sector, especially because of its abundant bauxite reserves. India has bauxite reserve base of 1.44 billion tonnes and reserves of 0.77 billion tonnes. The packaging industry is estimated at Rs 150 bn and is growing at 14-15% annually. Thus, due to demand it is best to invest in this project.…….Read more
A transformer is a device that transfers electrical energy from one circuit to another through inductively coupled conductors—the transformer's coils. If a load is connected to the secondary, current will flow in the secondary winding, and electrical energy will be transferred from the primary circuit through the transformer to the load. Transformers range in size from a thumbnail-sized coupling transformer hidden inside a stage microphone to huge units weighing hundreds of tons used to interconnect portions of power grids. A transformer is a device for transferring energy in a system from one circuit to another. It consists of two independent electric circuits linked with a common magnetic circuit. This energy at low voltage may be transformed to energy at high Voltage, or vice versa.
The global power transformers market was estimated to be 11,352 units in 2013 and is expected to reach 16,994 units by 2020, at a CAGR of 5.9% from 2014 to 2020. In terms of revenue, the market is expected to grow from USD 18.55 billion in 2013 to USD 28.22 billion in 2020 at a CAGR of 6.2% from 2014 to 2020. India has a good and sound base of over 700 industries and has total transformer manufacturing capacity of 1,000 GVA sufficient for domestic and export market. The present net worth of industry is about ` 12,500 crores and now has planned to add 100,000 MW in the 12th Plan period which shall result in annual market of ` 15,000 crores for transformer industry. As a whole there is a good scope for new entrepreneur to invest in this business.…….Read more
Gypsum board, also known as “drywall” or “plaster board,” consists of a core of gypsum surrounded with a paper covering. These gypsum board products include regular gypsum wallboard, moisture-resistant gypsum board, and type-X fire-resistant gypsum board. Natural gypsum is a common mineral that is easily mined or quarried. It is generally found close to the surface of the earth.
Synthetic Gypsum is a by-product of cleaning the emissions of the coal burning power plants. When the coal burns, Sulfur Dioxide (SO2) is captured in the coal stacks soit is not released into the environment. Gypsum is a mineral found in sedimentary rock formations in a crystalline form known as calcium sulfate dihydrate CaSO4•2H2O. One hundred pounds of gypsum rock contains approximately 21 pounds (or 10 quarts) of chemically combined water. Gypsum Plaster Boards are constructional sheets composed of consigned Gypsum with about 15% fibre. Gypsum plaster boards are selected for use according to their type, size, thickeners and edge profit.We actively encourage a culture of innovation, which facilitates the development of new technologies and ensure a high quality product…….Read more
Market Survey Cum Detailed Techno Economic Feasibility Report on above projects can be had from NPCS
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