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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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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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Sterile Water for Injection with BFS Technology

The objective of formulating and compounding sterile preparations is to provide adosage form of a labeled drug, in the stated potency that is safe to use if administeredproperly.Water for InjectionWater for injection is purified by distillation or reverse osmosis and is free of pyrogens (bacterial substance that can produce fever).Sterile water for injection USP is sterilized and packaged in single-dose containers not exceeding 1000 ml.Bacteriostatic water for injection is sterilized and contains one or more bacteriostatic agents in a container no larger than 30 ml. India’s pharmaceutical sector has seen unwavering growth in the past few years, going up to 23 billion USD in 2012 from 23 billion USD in 2002. Various industry reports suggest that the pharmaceutical sector in India has been growing consistently at the rate of 13-14% every year since the last five years.India has an organized pharmaceutical market of its own, which is being considered as a potential partner by other countries. The Indian Pharma Market is ranked number 3 in terms of volume and 10thin terms of market value.As a whole it is a good project for new entrepreneurs to invest. Few Indian Major Players are as under • Abaris Healthcare Pvt. Ltd. • AhlconParenterals (India) Ltd. • Core Laboratories Ltd. • Infutec Healthcare Ltd. • Kokad Pharmaceutical Laboratories Ltd. • Parenteral Surgicals Ltd. • Punjab Formulations Ltd. • Shree Krishna Keshav Laboratories Ltd.
Plant capacity: Ampoules 5 ml Size: 300,000 Th. Nos./annum Ampoules 10 ml Size: 260,000 Th. Nos./annum Ampoules 20 ml Size: 120,000 Th. Nos./annumPlant & machinery: Rs 607 lakhs
Working capital: -T.C.I: Cost of Project: Rs 917 lakhs
Return: 28.00%Break even: 55.00%
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Precast RCC Sleeper for Railway Track

Earlier, wooden sleepers were used for laying the railway tracks but due to the depleting wooden resources and increasing concern of the ecological balance, the use of concrete sleepers was started and now it has completely replaced the wooden sleepers.Concrete ties have become more common mainly due to greater economy and better support of the rails under high speed and heavy traffic. Ties are normally laid on top of track ballast, which supports and holds them in place, and provides drainage and flexibility. Heavy crushed stone is the normal material for the ballast, but on lines with lower speeds and weight, sand, gravel and even ash from the fires of coal-fired steam locomotives have been used. Regarding the market potential of the railway sleepers, their demand totally varies with the installation of new railway lines. Increasing population results overcrowding in trains. To link almost every city and town with the other and to avoid the delay of trains because of "cross" on single lines, no. of new tracks is being installed. Tracks on high-density traffic routs with speed exceeding 100 kms per hour, are being strengthened and modernized adopting improved methods of track maintenance for safer and comfortable rail travel.As a whole it is a good project for new entrepreneurs to invest. Few Indian Major Players are as under • Bemco Sleepers Ltd. • Dony Polo Udyog Ltd. • G P T Infraprojects Ltd. • Hindustan Prefab Ltd. • Indian Hume Pipe Co. Ltd.
Plant capacity: 120,000 Pcs/annumPlant & machinery: Rs 1509 lakhs
Working capital: -T.C.I: Cost of Project: Rs 1970 lakhs
Return: 26.00%Break even: 39.00%
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Mini Aerodrome

An aerodrome or airdrome is a location from which aircraft flight operations take place, regardless of whether they involve air cargo, passengers, or neither. Aerodromes include small general aviation airfields, large commercial airports, and military airbases. The term airport may imply a certain stature (having satisfied certain certification criteria or regulatory requirements) that an aerodrome may not have achieved. That is to say, all airports are aerodromes, but not all aerodromes are airports. India needs to build 50 new airports with investments of Rs.2.72 lakh crore, to handle air traffic in the next 5-7 years. For the last one-and-a-half years, India has been the fastest growing air traffic market in the world. As India is set to become the third-largest aviation market in the world in the next five to seven years, according to consultancy firm CAPA, it needs to come up with a firm plan to build 50 new airports at an investment of Rs.2.72 lakh crore to handle the growing air traffic.Thus, due to demand it is a good project for entrepreneurs to invest. Few Indian Major Players are as under • Bangalore International Airport Ltd. • Delhi Aviation Services Pvt. Ltd. • Delhi International Airport Pvt. Ltd. • G M R Hyderabad Intl. Airport Ltd. • I A L Airport Services Ltd. • Kannur International Airport Ltd. • Latur Airport Pvt. Ltd. • Mundra International Airport Pvt. Ltd. • Nanded Airport Pvt. Ltd. • Osmanabad Airport Pvt. Ltd.
Plant capacity: Flight Landing Charges: 4,320 Nos./annum Annually Lease Charages of Shops (20 Nos.): 12 Nos./annum Annually Lease Charges of Parking: 12 Nos./annum Annually Lease Charges of Parking:12 Nos./annumPlant & machinery: Rs 442 lakhs
Working capital: -T.C.I: Cost of Project: Rs 6777 lakhs
Return: 1.00%Break even: 1.00%
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Activated Carbon from Coconut Shell

Activated carbon in any form of carbon shows high absorptivity for gases, vapours and colloidal solids in either the gas ion or liquid phase. It is available in many forms such as pellets, granules and in powder form. Activated carbon is very important chemical has wide application and employed by numerous industries which require absorption of certain gases and vapours in purification, in catalytic chemical reactions, decolorisation of vegetable oil and sugar solutions. Activated carbons have a large surface area, liquid phase or decolorising carbons are generally light, fluffy powder that exhibits surface areas of about 300 m2/g. while gas or vapour phase carbons are hard granules or formed pellets that exhibit surface areas from 800 m2 /g to 1200 m2/g. Activated Carbon Market is expected to garner 2,776 kilo tons and $5,129 million in coming years. Activated carbon is processed carbon with small, low-volume pores to increase surface area for chemical reactions and adsorption. Organic material with high carbon content is processed to manufacture activated carbon. Rising awareness and government support in the recycling of waste water are expected to benefit the growth of this segment over the next eight years. This activated carbon gives the result in lesser cost and hence is preferred over other forms of the product. Thus, due to demand it is a good project for entrepreneurs to invest. Few Indian Major Players are as under • Active Char Products Pvt. Ltd. • Adsorbent Carbons Ltd. • Aquanomics Systems Ltd. • Core Carbons Pvt. Ltd. • Genuine Shell Carb Pvt. Ltd. • Indo German Carbons Ltd. • Kalpaka Chemicals Pvt. Ltd. • Kan Carbon Pvt. Ltd. • Triton Laboratories Ltd.
Plant capacity: Activated Carbon : 600 MT/annumPlant & machinery: Rs 81 lakhs
Working capital: -T.C.I: Cost of Project : Rs 245 lakhs
Return: 15.00%Break even: 65.00%
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Hydroponic Green House Farming

Hydroponics is a system of agriculture that utilizes nutrient-laden water rather than soil for plant nourishment. The re-use of nutrient water supplies makes process-induced eutrophication (excessive plant growth due to overabundant nutrients) and general pollution of land and water unlikely, since runoff in weather-independent facilities is not a concern. Aeroponic and hydroponic systems do not require pesticides, require less water and space than traditional agricultural systems, and may be stacked (if outfitted with led lighting) in order to limit space use (vertical farming). This makes them optimal for use in cities, where space is particularly limited and populations are high-self-sustaining city-based food systems mean a reduced strain on distant farms, the reduction of habitat intrusions, fewer food miles, and fewer carbon emissions. Boosted by rising consumer demand owing to better health awareness and purchasing power, production of fruits and vegetables across India has increased this year with their total yield surpassing the production of food grains.India is also a prominent exporter of Fresh Vegetables in the world. The country has exported 6,99,600.34 MT of Fresh Vegetables other than Onion to the world for the worth of Rs. 2119.50 crores during the year 2015-16.India grows the largest number of vegetables from temperate to humid tropics and from sea-level to snowline.
Plant capacity: Tomatoes: 500 MT/annum Peas: 45MT/annum Cucumber: 70MT/annumPlant & machinery: Rs 22 lakhs
Working capital: -T.C.I: Cost of Project : Rs188 lakhs
Return: 1.00%Break even: 55.00%
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Peanut Butter

Peanut butter is a food paste made from ground nut or peanut. It consists essentially of cleaned, graded, blanched, roasted and crushed groundnuts containing about 45 percent of oil and over 25 percent of proteins, being thus a highly nutritive food.The major groundnut-producing countries of the world are India, China, Nigeria, Senegal, Sudan, Burma and the USA. The peanuts are shelled and dry-roasted the skins are removed and the nuts are finally ground. This material is blended with salt and other ingredients that may include hydrogenated fat, dextrose, corn syrup solids, and lecithin and anti-oxidants. Plant and machinery required for the manufacture of peanutbutterarenot much sophisticated and canbeprocured indigenously. Peanut butter is used for making Sandwiches, candy and other bakery products. The consumption of peanut butter is less than 1% compare to milk butter, however we can say that it’s growing steadily.More use of ready to eat products in breakfast and an awareness of getting good protein and fibre, the sale of peanut butter is found more in corporate areas of metros.As per the industry estimates, annually 10,000 to 12,000 tonnes of peanut butter is produced in the India and over 90% is exported across the globe. Thus, as an entrepreneur this project offers an exciting opportunity to you. Few Indian Major Players are as under • Ruparel Foods Pvt. Ltd. • Agro Tech Foods Ltd. • BONVILLE FOODS PVT. LTD. • United Foods • R.M.FOODS • Super Nutri Foods • Sonya Foods PVT. LTD. • Das Foodtech Pvt. Ltd. • Saaz Foods
Plant capacity: 2,400,000 Kg/annumPlant & machinery: Rs 126 lakhs
Working capital: -T.C.I: Cost of Project: Rs 561 lakhs
Return: 29.00%Break even: 53.00%
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Holiday Resort

A Holiday resort is a self-contained commercial establishment that endeavors to provide most of a vacationer's wants, such as food, drink, lodging, sports, entertainment, and shopping, on the premises. A resort is not always a commercial establishment operated by a single company, although in the late twentieth century this sort of facility became more common. The need for advancement of holiday resorts has been felt very recently due to advancement in the technology and industry due to which a lot of young million are have come into existence. This class of people and many people from higher and medium class like to take advantage of this type of holiday resort on many occasions. Tourism in India accounts for 7.5 per cent of the GDP and is the third largest foreign exchange earner for the country. India is a large market for travel and tourism. It offers a diverse portfolio of niche tourism products - cruises, adventure, medical, wellness, sports, MICE, eco-tourism, film, rural and religious tourism. India has been recognised as a destination for spiritual tourism for domestic and international tourists.Holiday resorts business is very flourishing business these days, so it is a good project for investment. Few Indian Major Players are as under 1. Amanbagh Resort 2. Park Hyatt Goa Resort and Spa, Cansaulim, Goa 3. The Oberoi Cecil, Shimla, Himachal Pradesh 4. Ananda Spa Resort, Rishikesh, Uttarakhand 5. Shaam-e-Sarhad Village Resort, Kutch, Gujarat
Plant capacity: Double Bed Rooms Accomodation 60 Rooms (60%): 12,960 Nos./annum Resort Foods and Ammenities: 10,800 Nos./annum Restaurant: 216,000 Nos./annum Bar: 36,000 Nos./annum Banquet (Main) Lawn Area Mix &: 90,000 Nos/annum Dinning (60 Days in Year) 1500 Person/dayPlant & machinery: Rs 120 lakhs
Working capital: -T.C.I: Cost of Project : Rs 1549 lakhs
Return: 26.00%Break even: 47.00%
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Dal Mill (Pulses)

India is the still by and large vegetarian in dietary habit and heavily depends upon vegetative source to meet out its daily protein requirement. India is bound to be global leader in terms of production and consumer of pulses. Since, India is leading importer of pulses; production of pulse/legume crops has been stagnant over the years. They are the main sources of protein. The important dals in the country are Channa, Moong, Urad, Moth, toordal and Masoor, Matar etc. The pulses are used for preparing hot dishes, sweet dishes and other varieties.Pulses are the important sources of proteins, vitamins and minerals and are popularly known as “Poor man’s meat” and “rich man’s vegetable”, contribute significantly to the nutritional security of the country.India is the largest producer (25% of global production), consumer (27% of world consumption) and importer (14%) of pulses in the world. The dal milling industry in India is one of the major agro processing industries in the country. From an annual production of 13.19 million tonnes of pulse in the country, 75% of these pulses are processed by dal mills. Thus, due to demand it is a good project for entrepreneurs to invest. Few Indian Major Players are as under • Asian Health &Nutri Foods Ltd. • Bafna Agro Inds. Ltd. • Eco Farms (India) Pvt. Ltd. • Edible Products (India) Ltd. • Jaishree Industries Ltd. • Kumar Food Inds. Ltd. • Maiam Global Foods Ltd. • Pagro Foods Ltd. • Parakh Foods & Oils Ltd. • Patel Food Product Ltd.
Plant capacity: Pigeon peas : 4,000 MT/ annum Lentil: 4,000 MT/annum Chickpeas: 4,000 MT/annumPlant & machinery: Rs 146 lakhs
Working capital: -T.C.I: Cost of Project: Rs 542 lakhs
Return: 29.00%Break even: 65.00%
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Paper Napkins, Toilet Paper Rolls & Facial Tissues

The tissues paper sector has boomed over the last few years. With a move to more luxurious tissue paper and ultra-absorbent paper towels the industry has been able to increase the tissue prices and create new brands to retain consumers.Tissue can be made both from virgin and recycled paper pulp. Majorly there are five types of tissue papers namely; Bathroom Tissue, Facial Tissue, Paper Towel, Paper Napkin and, Specialty and Wrapping Tissue. Facial tissue and paper handkerchief refers to a class of soft, absorbent, disposable papers that are suitable for use on the face.Toilet paper is in large and increasing demand and its manufacturing can easily be embarked upon by small industry.Paper Napkin age becoming popular with catering Industry due to its manifold uses. These are absorbent, hygienic light and can be had with attractive printing. The key factors driving the growth of the Tissue Paper Industry include changing lifestyles, rising healthcare expenditures, increasing population apart from steady rise in global GNI and low penetration of substitutes for paper tissues. However, the growth of tissue paper industry is hindered by increasing demand of hand dryers by various organizations and other environmental factors.Thus, due to demand it is a good project for entrepreneurs to invest. Few Indian Major Players are as under • Naini Tissues Ltd. • Pamwi Tissues Ltd. • Premier Tissues India Ltd. • Pudumjee Hygiene Products Ltd. • S R Foils & Tissue Ltd. • Tainwala Healthcare Products Pvt. Ltd. • Vally Fibers & Tissues Ltd.
Plant capacity: Toilet Paper Rolls: 7,200,000 Nos./annum Paper Napkin (100 Pcs.): 558,000 Nos./annum Facial Tissue (100 Pcs.): 1,251,000 Nos./annumPlant & machinery: Rs 59 lakhs
Working capital: -T.C.I: Cost of Project : Rs 341 lakhs
Return: 29.00%Break even: 41.00%
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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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