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

Tripura is a state in Northeast India. The third-smallest state in the country, it covers 10,491 km2 (4,051 sq mi) and is bordered by Bangladesh (East Bengal) to the north, south, and west, and the Indian states of Assam and Mizoram to the east. Tripura is a landlocked state in North East India. The state has a tropical savanna climate, designated Aw under the Köppen climate classification. The undulating topography leads to local variations, particularly in the hill ranges. The four main seasons are winter, from December to February; pre-monsoon or summer, from March to April; monsoon, from May to September; and post-monsoon, from October to November.

Tripura's gross state domestic product for 2010–11 was 129.47 billion (US$2.1 billion) at constant price (2004–05), recording 5.71 per cent growth over the previous year. In the same period, the GDP of India was 48778.42 billion (US$790 billion), with a growth rate of 8.55 per cent. Tripura is an agrarian state with more than half of the population dependent on agriculture and allied activities. However, due to hilly terrain and forest cover, only 27 per cent of the land is available for cultivation. Rice, the major crop of the state, is cultivated in 91 per cent of the cropped area.

TOURISM

Tripura has a geographical area of about 10,492 sq. km. almost two-thirds of the state is under hilly terrain and it is surrounded on three sides by the deltaic basin of Bangladesh. The Tripura tribal’s are divided into two groups: Puran Tripuras and Natun Tripuras. The Puran Tripuras are the original inhabitants of the State and constitute a little over 16% of the total and 57% of the tribal population of the State. The Department of Tourism, Govt. of India, under the ministry of Tourism and Culture has been providing liberal financial and technical support for the tourism development in the state based on the projects received from the states. It is quite clear that Tripura has tremendous and quite unique tourism potential. This could be tapped mainly through the concept of Eco-tourism and Heritage tourism. Nature / wildlife tourism, adventure tourism, rural tourism, leisure tourism, pilgrimage tourism, international border tourism could be some special tourist packages. The Tourism Development in the Northeast region will depend on integrated approach, involving various government departments, private entrepreneurs, voluntary organizations and local community. This approach will also help in evolving local people’s perception towards tourism development as a strong tool for socio-economic up liftment.

INDUSTRIAL SECTOR

The State Government offers a package of incentives for setting up of industrial units, which is comparable to other states. Besides, the special incentive package i.e. North East Industrial and Investment Promotion Policy (NEIIP) declared by the Government of India for the North East Region is available to industrial units.

State Package of Incentives under Tripura Industrial Investment Promotion Incentive Scheme-

•                    Capital Investment Subsidy @ 30% and additional subsidy @ 2.5% for enterprises of ST, SC, & women individuals on Fixed Capital Investment.

•                    Full Reimbursement of Standard Certification Fees /Charges / other expenses on account of obtaining a standard Certification.

•                    Provides State Transport Subsidy for covering the portion for which Central Transport Subsidy is not available

•                    85% Exemption from the payment of Earnest Money and Security Deposits on tenders floated by State Govt. Department / Agencies.

Incentives declared by Central Government:

•                    Exemption of Excise Duty on finished products.

•                    Central Transport Subsidy.

•                    Income Tax Benefit.

•                    Capital Investment Subsidy.

•                    Comprehensive Insurance Scheme for insurance coverage. Subsidies to service sector, bio-technology and power generating industries.

INVESTMENT OPPORTUNITIES

Tripura offers an investor-friendly environment. The Government welcomes investments into the State, from both domestic and foreign investors.

•        Natural gas

Tripura has vast reserves of natural gas in non-associate form. The gas is of high quality, with high methane content of up to 97%. The availability of superior quality natural gas, at concessional price, offers a great opportunity to prospective investors, to set up gas-based industrial units, using natural gas

•        Information Technology (IT)

Tripura has been considered the second best IT destination in the North East. IT sector (including IT-enabled services) has been identified as one of the major potential growth sectors by the state. The high literacy rate of the State provides additional advantage for development of the sector.

•        Food Processing

The State government has identified food processing as a major thrust area. There is a vast potential for setting up of food processing units in the State. The agro-climatic conditions in Tripura are ideally suited for production of a large variety of horticultural crops.

•        Handicrafts

From time immemorial, Tripura has carved out a name for itself in the field of handicrafts. The gifted artisans produce wonderful objects of crafts from simple material like cane, bamboo and wood.

•        Tourism

Tripura is an attractive tourist destination. The state has a rich cultural heritage. There are number of historical Hindu and Buddhist sites.


INDUSTRIAL POLICY

•        To improve Basic as well Industrial Infrastructure.

•        Industrial Growth by attracting Private Investment.

•        To improve investment climate towards better regulation by removing barriers to competition.

•        Creation of hassle-free and congenial investment climate.

•        To bring significant increase in the State Domestic Product.

•        Widening of resources base of the state.

•        Development of connectivity (Internal road, railways and air & telecom).

•        Better social infrastructure Enabling Entrepreneurship -building capacities through entrepreneurial and technical skills, training and promotion of self-employment.

THRUST AREAS

•        Natural Gas

•        Food Processing

•        Rubber

•        Tea

•        Handicraft

•        Bamboo

•        Handloom

•        Tourism

•        Information Technology

•        Education

  •           Healthcare

The Department of Industries & Commerce was established to promote Village and Small-scale industries as well as medium and large scale industries in the State. While efforts are being made to promote entrepreneurship within the State, the outside investors in the public and private sectors are also encouraged both for their financial capabilities and technical expertise, for the medium and large-scale units. The major existing industrial area is the Industrial Growth Centre Complex at Bodhjungnagar which also includes Food Park, Rubber Park and Export Promotion Industrial Park. The other industrial sites near Agartala as the main business and industrial centres are Dukli, Arundhatinagar and Badharghat. The mineral resources are minor amounts of glass sands, limestone, plastic clay and hard rock and all of these materials are being used in varying degrees. Setting up of ceramic tiles unit and other mineral based industries are being encouraged in the private sector.

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Precipitated Silica from Rice Husk Ash

Rice milling generates a byproduct known as husk. This surrounds the paddy grain. During milling of paddy about 78 % of weight is received as rice, broken rice and bran.Rest 22 % of the weight of paddy is received as husk. This husk is used as fuel in the rice mills to generate steam for the parboiling process. This husk contains about 75 % organic volatile matter and the balance 25 % of the weight of this husk is converted into ash during the firing process, is known as rice husk ash (RHA). This RHA in turn contains around 85 % - 90 % amorphous silica. Precipitated silica is used as filler for paper & rubber as a carrier & diluents for agricultural chemicals, as an anti-caking agent, to control viscosity & thickness and as a cleansing agent in toothpastes & in cosmetics. Precipitated silica, along with fumed silica, silica sol, and silica gel, is a part of the global specialty silica market. This market is expected to exhibit positive single-digit growth through 2018 and reach a valuation of US$ 7 Bn by 2018. Precipitated silica market, which accounts for around 70% of the global specialty silica market, is also expected to witness steady growth in the next three years. The rising demand for energy efficient products in the automotive industry has resulted in the rapid growth of the global precipitated silica market.As a result of these factors, the global precipitated silica market is expected to expand at a 5.5% CAGR between 2015 and 2023.Thus, as an entrepreneur this project offers an exciting opportunity to you. Few Indian Major Players are as under • 20 Microns Ltd • Bharucha Stone & Sand Works Pvt. Ltd. • Insilco Ltd. • Integrated Glass Materials Ltd. • Mines & Rock Products (India) Pvt. Ltd. • SonalSil-Chem Ltd.
Plant capacity: Precipitated Silica: 1500mt/annum Activated Carbon (by product): 420mt/annum Sodium Carbonate (by product): 630mt/annumPlant & machinery: Rs 519 lakhs
Working capital: -T.C.I: Cost of Project: Rs 787 lakhs
Return: 17.24%Break even: 52.00%
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Pan Masala

The custom of chewing breath fresheners after meals has a very long history, particularly in India. Pan Masala is a balanced mixture of betel leaf with lime, areca nut, clove, cardamom, mint, tobacco, essence and other ingredients. It is an agricultural product with herbal properties, also available in hygienic pack and pouches. It acts as a mouth freshener.Various versions are also served in the Middle East and parts of Southeast Asia, where they are treated as mouth fresheners. Some households and restaurants make their own mixtures with special house ingredients, and it is also possible to purchase packaged pan masala from spice stores and many markets in India. Despite its growing demand in rural areas, pan masala is gaining prominence in urban areas of India. Factors like its immense popularity, constantly increasing disposable incomes, convenient packaging, aggressive advertising campaigns by manufacturers and the large-scale switching of consumers from tobacco products to pan masala are currently encouraging the growth of pan masala market. According to IMARC group, the pan masala market has reached values worth around INR 35,459 Crores in 2016 growing at a CAGR of 16.5% during 2009-2016. The Indian exports of pan masala are dominated by UAE accounting for around one-third of the total export values. UAE is followed by USA, Singapore, Afghanistan, South Africa, Saudi Arabia and Malaysia. Rajnigandha represents the largest manufacturer of pan masala followed by RMD, Pan Vilas and Pan Parag. As a whole it is a good project for new entrepreneurs to invest. Few Indian Major Players are as under • Ashok & Company Pan Bahar Ltd. • Dhariwal Industries Pvt. Ltd. • Jeet (India) Ltd. • Pan Parag India Ltd. • Patel Pan Products Ltd. • Shree Meenakshi Food Products Pvt. Ltd. • Trimurti Fragrances Pvt. Ltd.
Plant capacity: Sada Pan Masala: 99000kgs/annum Meetha Pan Masala: 99000kgs/annum Zarda Pan Masala: 102000kgs/annumPlant & machinery: Rs 35 lakhs
Working capital: -T.C.I: Cost of Project: Rs 226 lakhs
Return: 28.00%Break even: 54.00%
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Warehouse

Warehousing refers to the activities involving storage of goods on a large-scale in asystematic and orderly manner and making them available conveniently when needed. In other words, warehousing means holding or preserving goods in huge quantities from the time of their purchase or production till their actual use or sale.Warehousing is one of the important auxiliaries to trade. Across the supply chains, warehousing is an important element of activity in the distribution of goods, from raw materials and work in progress through to finished products. It is integral part to the supply chain network within which it operates and as such its roles and objectives should synchronize with the objectives of the supply chain. The logistics and warehousing industry’s revenue is anticipated to grow at a CAGR of ~% during 2015-2019. 3PL, e-commerce logistics and cold chain are the 3 biggest segments in the logistics and warehousing industry in India based on future growth rates. The pressing need for time-sensitive delivery has reshaped the logistics industry as many traditional logistics players are now diversifying their services portfolio to make space for e-commerce logistics. Based on the rise of QSR market in India, cold chain market is also witnessing remarkable growth. The increased foreign trade has led to the CFS/ICD segment of warehousing industry to record impressive growth rates in the recent years and is expected to continue the same for the forthcoming years. Thus, due to demand it is a good project for entrepreneurs to invest. Few Indian Major Players are as under • Drive india enterprises solutions ltd • DRS Warehousing South Pvt. Ltd. • Redington (India) Limited • Shalimar Warehousing Corporation • Jeena
Plant capacity: Sacks Storage: 15000000 sacks/annumPlant & machinery: Rs 177 lakhs
Working capital: -T.C.I: Cost of Project: Rs 808 lakhs
Return: 23.00%Break even: 42.00%
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PCC Electric Poles

Concrete poles were first used over 60 years ago and were then made of normal reinforced concrete. As technology improved, production and use of concrete poles gradually increased. Prestressed concrete poles are highly durable and strong. PSC Poles are fabricated from excellent quality concrete material. These poles are used extensively in electrical industry, for establishing electrical connections and fittings. The poles are ecofriendly and require very low maintenance. The PSC poles have consistent material properties throughout their length. PSC poles are not susceptible to rot and decay. The PSC pole has the same strength throughout its service life. PSC poles are not susceptible to insect and animal attack. The demand for Prestressed (Pre-cast/Reinforced) concrete-cement (PCC) poles directly depends on the growth of electric power sector. The growth in generation and suppy of electric energy gives rise to demands for PCC poles & other systems by way of OEM & replacement/renovation demands. A large network of electricity distribution for rural electrifications, agricultural & irrigational consumptions can be catered to only by establishing an efficient generation & distribution standards. All these factors are essentially going to raise the demand for not only electrical equipments but also distribution materials including poles.Thus, as an entrepreneur this project offers an exciting opportunity to you. Few Indian Major Players are as under • Arvind Kumar Nand Kumar Ltd. • Ashoka Pre-Con Pvt. Ltd. • Concrete Udyog Ltd. • Genus Power Infrastructures Ltd. • Shri KrsnaUrja Project Pvt. Ltd.
Plant capacity: Prestressed Concrete Cement Electric Poles: 60,000nos/annumPlant & machinery: Rs 304 lakhs
Working capital: -T.C.I: Cost of Project: Rs 713 lakhs
Return: 25.00%Break even: 51.00%
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Paracetamol

Paracetamol, also known as acetaminophen or APAP, is a medication used to treat pain and fever. It is typically used for mild to moderate pain. It is often sold in combination with other ingredients such as in many cold medications. In combination with opioid pain medication, paracetamol is used for more severe pain such as cancer pain and after surgery. It is typically used either by mouth or rectally but is also available intravenously. Effects last between two and four hours. Paracetamol lacks anti-inflammatory action in rheumatic disorders. However, it is less toxic than the Aspirin and does not produce anemia and liver damage, which sometimes result from the continued use of acetanilide and acetophenotidine. It is also an important intermediate in the manufacture of other pharmaceuticals like theantimalarialamodiaquine. The pharmaceutical industry in India ranks 3rd in the world terms of volume and 14th in terms of value. 20% of global exports in generics, making it the largest provider of generic medicines globally. USD 45 Billion in revenue by 2020, revenue of USD 55 billion by 2020 as base case, and can grow to USD 70 billion in a aggressive case scenario. USD 26.1 Billion in generics by 2016. USD 200 Billion to be spent on infrastructure by 2024. Global pharma companies are increasingly exploring low cost option to outsource research and manufacturing, because of emerging slow-down in patented drug sales and high cost of R&D.Any entrepreneur venture into this field will be successful. Few Indian Major Players are as under • Alta Laboratories Ltd. • Granules India Ltd. • HaffkineAjintha Pharmaceuticals Ltd. • Nalin Chemicals Ltd. • Neelachal Technologies Ltd • Pan Drugs Ltd.
Plant capacity: Paracetamol Tablets: 1500mt/annum Paracetamol Powder: 420mt/annumPlant & machinery: Rs 349 lakhs
Working capital: -T.C.I: Cost of Project: Rs 863 lakhs
Return: 27.00%Break even: 46.00%
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Engineering College (Aeronautical)

Engineering education is the activity of teaching knowledge and principles related to the professional practice of engineering. It includes the initial education (Bachelor and or MastersDegree) for becoming an engineer, and any advanced education and specializations that follow. Engineering education is typically accompanied by additional post graduate examinations and supervised training as the requirements for a professional engineering license. The aeronautical engineers are primarily responsible for creation of safer and more energy efficient economical methods for travelling including aircraft, helicopters, satellites, missiles and space crafts. These includes science of propulsion and aerodynamics, even it covers the development and selection of materials and equipment that are utilized in aircraft. This field is pretty new and under-developed as of now in India, primarily because of the huge investments it requires. The prominent government players, as rightly pointed out by Sanket, are ISRO, HAL, few DRDO labs like GTRE, ADA, DRDL and NAL. A few private companies like Tata, L & T, Mahindra, Taneja too have aerospace divisions, which basically cater to either the Indian government companies that I had mentioned above, or do consultancy activities for foreign aerospace companies. Aerospace engineering is a wide area, and we should not think that being an aerospace engineer means working in the field of aerodynamics or flight dynamics only. The subdivisions of an aerospace engineering curriculum usually consists of courses on propulsion, structures, robotics, navigation, control & guidance, manufacturing, spaceflight, aerodynamics, advanced fluid dynamics, material sciences and flight mechanics.So there are opportunities for Engineers from all Aeronautics, Mechanical, Electronics/Electrical in the industry. There are also challenges for Management professionals but they generally sprout from experience in engineering previous projects. There is a huge market in India for mini UAVs which do not require as large as an investment. There is a huge market for contractors. There is a huge market for maintenance of private & civil aircraft.Thus, as an entrepreneur this project offers an exciting opportunity to you. Few Indian Major Players are as under • Indian Institute of Technology, (IIT Kharagpur) • Anna University (AU Chennai) • Manipal Institute of Technology (MIT Manipal) • Madras Institute of Technology - Anna University (MIT Chromepet) • Jawaharlal Nehru Technological University (JNTU Kakinada) • Sathyabama University • B.S. Abdur Rahman University (BSAU) COST ESTIMATION CAPACITY Plant & Machinery : Break Even Point : 93%
Plant capacity: Aeronautical Engineering: 60 students/annum Mechanical Engineering: 60 students/annum Civil Engineering: 60 students/annum Aircraft Maintenance Engineering: 60 students/annum Air Hostage Training Course (6 Month Diploma):120 students/annumPlant & machinery: Rs 623 lakhs
Working capital: -T.C.I: Cost of Project: Rs 3336 lakhs
Return: 1.00%Break even: 93.00%
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Floral Foam

Floral foam is a dense, lightweight and porous material that can be cut into virtually any shape. It holds its shape when wet and provides both water and support to cut flower arrangements. The density of floral foam means that it holds large quantities of water, which in turn, increases the life of flowers. It also provides increased support to the flower stems, giving more control with flower arrangements.Floral foam originally appeared as a green brick. Today, it comes in various colors and a variety of shapes such as spheres, crosses or wreaths suitable for a variety of arranging needs. In addition, floral foam is pH balanced. This means that the acidity of the environment which the flowers are placed in remains at the optimum level ultimately helping your flowers to last. Another important feature of floral foam is how quickly it will soak and absorb water.Floral foams have become a permanent staple in the art of flower arrangement. By providing trouble-free support for flowers, many designs have been made achievable, giving flower arranging artists more room to come up with every design that they can imagine. As we can see that there is great demand for flowers in Indian society for example wedding, Valentine’s Day, birthday, anniversary and many more events. So increase in floriculture means increase in floral foam business.Thus, due to demand it is a good project for entrepreneurs to invest. Few Indian Major Players are as under • SMITHERS-OASIS INDIA PVT.LTD. • Sunflower Floral Foam • VND Cell Plast • AvishkarFloritech Pvt. Ltd. • K. G. Enterprises
Plant capacity: 3,600,000 Pcs/annumPlant & machinery: Rs 69 lakhs
Working capital: -T.C.I: Cost of Project : Rs 270 lakh
Return: 27.00%Break even: 47.00%
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Spices and Masala Grinding, Blending and Packing

Spices are non-leafy parts (e.g. bud, fruit, seed, bark, rhizome, and bulb) of plants used as a flavoring or seasoning, although many can also be used as an herbal medicine.They impart aroma, color and taste to food preparations. The volatile oils from spices give the aroma and the oleoresins impart the taste. India is the largest producer, consumer and exporter of spices and spice products in the world and produces more than 50 spices. India is also a big exporter of Chilli, turmeric, cumin, pepper and many other spices.There are a number of masalas with various ingredients. Increasing urbanisation paired with a rise in number of working women has reduced the time of cooking. Consequently, home-makers have started demanding readymade spice mixes such as sabzi masala, garam masala, chicken masala etc. This has augmented industry revenues, officials said, as both spice mixes and branded spices entail greater profit margins, as compared to straight and unbranded spices.Thus, as an entrepreneur this project offers an exciting opportunity to you. Few Indian Major Players are as under • A D F Foods Ltd. • Aachi Masala Food'S Pvt. Ltd. • AkayFlavours& Aromatics Pvt. Ltd. • Catch Foods (India) Ltd. • Kitchen Xpress Overseas Ltd. • Kohinoor Foods Ltd. • M T R Foods Pvt. Ltd. • Sunrise Foods Pvt. Ltd. • Paras Spices Pvt. Ltd.
Plant capacity: Chole Masala: 400,000 Kgs/annum, Sambhar Masala: 400,000 Kgs/annum, Garm Masala: 400,000 Kgs/annum, Chat Masala: 400,000 Kgs/annum, Meat Masala: 400,000 Kgs/annum, Curry Powder: 400,000 Kgs/annumPlant & machinery: Rs 91 lakhs
Working capital: -T.C.I: Cost of Project: Rs 1004 lakhs
Return: 32.00%Break even: 39.00%
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Cashew Nut Processing Unit

The cashew nut is a popular dessert nut, eaten out of hand, with other mixed nuts and used in baking and confections. Sixty percent of cashews are consumed as salted nuts. It is also made into cashew butter and nut milk. The nut is high in protein, oil and also vitamins, especially thiamin. The nut makeup is 47% fat, 21% protein, and 22% carbohydrate. Three main cashew products are traded on the international market: raw nuts, cashew kernels and cashew nut shell liquid (CNSL). A fourth product, the cashew apple is generally processed and consumed locally. The raw cashew nut is the main commercial product of the cashew tree, though yields of the cashew apple are eight to ten times the weight of the raw nuts. Raw nuts are either exported or processed prior to export. Cashew is a versatile, though paradoxical nut! Beginning as a poor man’s crop, it ends up as the rich man’s favourite snack-food all over the world. Cashew has gained significant social importance in India as a major foreign exchange earner bringing in foreign exchange of around US$ 500 million per annum. Cashew kernels are a high value luxury commodity with sales growing at a steady rate of 7% each year and there is every likely hood that the market will continue to remain strong.Thus, due to demand it is a good project for entrepreneurs to invest. Few Indian Major Players are as under • Amigo Exports Ltd. • M A C Agro Inds. Ltd. • M P S Food Products Ltd. • Maiam Global Foods Ltd. • Nature Bio-Foods Ltd. • Olam Agro India Pvt. Ltd. • Padmavathi Cashews & Coffee Ltd. • Patel Food Product Ltd. • Pioneer Cashew Inds. Ltd. • Tropical Foods Ltd.
Plant capacity: Cashew Nut (W320 Grade) Domestic: 218MT/annum Cashew Nut (W320 Grade) Export: 327MT/annum Cashew Nut (W240 Grade) Domestic: 145.2 MT/annum Cashew Nut (W240 Grade) Export: 217.80 MT/annum Cashew Nut (LWP Grade) Domestic: 148.40 MT/annum Cashew Nut (LWP GraPlant & machinery: Rs 2358 lakhs
Working capital: -T.C.I: Cost of Project: Rs 4477 lakhs
Return: 24.00%Break even: 48.00%
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Wire Nail

Wire nail is very well known item, as it is very common product, which is normally used in daily life. It is used for fastening purpose. Its use is so wide spread that it has become part and parcel of the life. Wire nails are pin-shaped, sharp objects of hard metal or alloy used as fasteners. They are typically made of steel, often dipped or coated to prevent corrosion in harsh conditions or improve adhesion.Ordinary nails for wood are usually of soft, low carbon or mild steel while those for concrete are harder. Nails are used for various purposes and industries ranging from building and construction to carpentry. There is a tremendous variety of nails, since they are used for so many different purposes. There had been an erratic growth of the indigenous industry from past years. Since the manufacture of wire nails could be undertaken on a small scale or even on a cottage scale, there is a mushroom growth of nail making units in operation.Future of wire nails will directly depend upon building activity in country. As we know that at present country is facing acute housing problem. So, now government is much emphasising on housing development, which naturally will lead to greater demand of wire nail.Thus, as an entrepreneur this project offers an exciting opportunity to you. Few Indian Major Players are as under • Mahalaxmi Traders • JeetmullJaichandlall Madras Pvt. Ltd • H. D. Wires Private Limited • Kamal Wire Industries • Maa Shakti Wires Pvt. Ltd.
Plant capacity: Wire Nail: 369,600 Kgs/annum, Wire Scrap: 34,800 Kgs/annumPlant & machinery: Rs 11 lakhs
Working capital: -T.C.I: Cost of Project: Rs 59 lakhs
Return: 25.00%Break even: 53.00%
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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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