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Top Business Ideas of Profitable Manufacturing & Processing Projects
Top Business Ideas of Profitable Manufacturing & Processing Projects
(NPCS Newsletter - Issue 092017)
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:
Indian vegetable basket is incomplete without mentioning the king of vegetables-potato-a sustaining force and a culinary delight. Potato powder is increasingly being used in a variety of food preparations like snack foods, soups, curries and other dishes as a thickening agent. The demand is much more than the supply at present and is likely to grow with the increasing popularity of the snack foods and other items where potato powder is used as input. In India potato is largely cultivated. So it is a good idea to make potato powder from raw potato.
Potato powder ranks quite high in its supply of principal nutrients like protein, fiber and carbohydrates. Potato Powder can be used in Food, Beverage, Pharmaceutical, Health & Personal care products, Agriculture/Animal Feed/Poultry. Potato Powder is often used in noodles, wine, gums, cocktail, nuts, hot dogs, bakery cream, instant soups and sauces.The demand of potato powder is growing continuously in India due to their increased usage in fried snacks (Alu Bhujiya), extruded products, soup powders, pasta, fabricated chips and French fries. According to projections, India, which presently produces about 25 million tonnes of potatoes per annum, will be producing about 50 million tonnes per annum by 2020.Thus, due to demand it is a good project for entrepreneurs to invest....Read more.....
Banana is one of the most important fruit crops grown in India. In respect of area it ranks second and first in production only after mango in this country. Banana has a multiplicity of uses including food, beverages (soft and alcoholic), snacks, feed, industrial spirits, a number of crafts and medicinal potency. Studies have shown that the banana is the cheapest carbohydrate to produce and they are able to grow in a wide range of environments and farming systems including pure stand, intercropping, and livestock/crop farming systems.....Read more....
Banana is a globally important fruit crop with 97.5 million tons of production. In India it supports livelihood of millions of people with total annual production of 16.91 million tons from 490.70 thousand ha. With national average of 33.5 T/ha. Banana contributes 37% to total fruit production in India. The major banana growing states are in the northeastern and southern parts of the country. Tamil Nadu has the largest area followed by Maharashtra and Karnataka. Bananas are the fifth largest agricultural commodity in world trade after cereals, sugar, coffee and cocoa. Due to rising demand of Banana in Gulf countries, Indian banana exports are looking northwards.Thus, as an entrepreneur this project offers an exciting opportunity to you.
Goats, one of the world’s smallest domesticated livestock, have been actively managed for food and fiber earlier and longer than cattle and sheep. India possesses the largest goat population and ranks first in the world. In the prevailing socio-economic conditions in India where per capita holding is hardly 0.2 ha, goat rearing becomes an inseparable counterpart of mixed farming system. Goat rearing has been recommended as the best choice for the rural people in developing countries because of their wider adaptability, low investment, high fertility and fecundity, low feed and management needs, high feed conversion efficiency, quick pay off and low risk involved.
The goat is multipurpose animal to provide milk, meat, hair (fur) and manure for soil. The world population of goats is approximately 860 million, of which 94% are found in the developing countries. Africa and Asia account for about 81% of the total population in the developing countries, including a bewildering variety of breeds. Goat rearing is the backbone of economy of small and landless farmers in India. It is an insurance against crop failure and provides alternate source of livelihood to farmers all the year round. Goats play an important role in income generation, capital storage, employment generation and improving household nutrition.As a whole it is a good project for entrepreneurs to invest.....Read more....
Commercial cultivation of cashew is taken up in eight states of our country mainly in west and eastern coast viz., Andhra Pradesh, Goa, Karnataka, Kerala, Maharashtra, Orissa, Tamil Nadu and West Bengal. India is the third largest producer and exporter of cashew in the world next only to Vietnam and Nigeria. It is the second largest consumer of cashew and also the biggest processor with highest acreage under the crop. The current cashew production of the country accounts for 23.0% of the global production.
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. There is substantial potential to exploit cashew by-products, such as cashew butter from broken nuts, cashew nut shell liquid (CNSL) for industrial and medicinal purposes and the juice of the cashew apple that can be processed further. Cashew is a good crop for small holder farmers. India is the third largest consumer of cashew nuts in the world & India stands first in Cashew Nut Processing. India processes around 1.59 million tons of cashew nuts every year though it produces only around half of the quantity that it processes.Thus, as an entrepreneur this project offers an exciting opportunity to you.....Read more....
India is the largest producer of fruits and second largest producer of vegetables in the world. In spite of that per capita availability of fruits and vegetables is quite low because of post-harvest losses which account for about 25% to 30% of production. This is mainly because of perishable nature of the produce which requires a cold chain arrangement to maintain the quality and extend the shelf-life if consumption is not meant immediately after harvest.
A cold storage is a temperature-controlled supply chain network, with storage and distribution activities carried out in a manner such that the temperature of a product is maintained in a specified range, needed to keep it fresh and edible for a much longer period than in normal ambient conditions. According to the information collected by the expert committee on cold storage and storage, requirement of cold storage in the next five years may be in excess of 12 lakh tonnes. The working group of the planning commission for IX plan had assessed new cold storage capacity for fruits, vegetables and multi commodity as15 lakh tonnes; 13 lakh tonnes in private sector, 1.5 lakh tonnes in cooperative sector and the rest 0.5 lakh tonnes in public sector. Thus, due to demand it is a good project for entrepreneurs to invest.....Read more.....
Intravenous fluids are fluids which are intended to be administered to a patient intravenously, directly through the circulatory system. These fluids must be sterile to protect patients from injury, and there are a number of different types available for use. Many companies manufacture packaged intravenous fluids, as well as products which can be mixed with sterile water to prepare a solution for intravenous administration.
I.V. fluids or Intravenous fluids are lifesaving drugs, which are widely used in surgery, pediatrics, urology, obstetrics and gynecology. They are given mostly to patients suffering from dehydration, diarrhoea, vomiting, gastroenteritis and excessive perspiration. The growth of the global intravenous solutions market is driven by several factors. The increasing incidence of gastrointestinal disorders, diabetes, and cancer is one of the major factors that are expected to increase the rate of adoption of intravenous solutions among consumers. Thus, due to demand it is a good project for entrepreneurs to invest....Read more....
Puffed Rice is a commonly consumed commodity as a pastime snack. It can be used in combination with nuts such as groundnut or roasted and salted cashews; with fried gram; with Jaggery and coconut gratings, or dusted with salt and spices after enrobing with oil. Since the product is easily digested and assimilated, it finds a wide acceptance among a cross section of the households. It is a versatile product with an excellent market potential.
Today the snack food is one of the most important areas of the food industry. Designing snack foods today can be a complex process to meet changing consumers taste and expectations and elusive search for something unique that also appeals to a wide variety of people. Puffed rice is an ingredient of bhelpuri, a popular Indian chaat (snack). It is offered to Hindu gods and goddesses in all poojas in the South Indian states of Kerala and Tamil Nadu. Pilgrims of Sabarimala often pack puffed rice in their Irumudikettu along with jaggery meant to be offered to Lord Ayyappan. Tamil saints say that Lord Ganesh loves pori, so it should be offered to him without fail. As a whole it is a good project for entrepreneurs to invest.....Read more.....
Blade manufacture is an important industry in several of the industrially advanced countries of the world. Carbon steel blades made from high carbon steels, containing about 1.2% Carbon, have been used in safety razors since with their introduction. However, lately these are being largely replaced by stainless steel blades because of their superior performance in regard to having comfort and durability.
The property requirement of the steel for use in the manufacture of safety razor blades are high hardness, corrosion resistance and amenability to a coating process by a suitable polymer.Safety razor blades currently are produced in large scale sector only. There are many types of blades in the market, for e.g. Single double edge, sandwiched and daily consumption, the industry provides good scope for investment. The razor blades are mostly being manufactured by the foreign firms in India, although Indian firms are also in the field but their product is not up to the mark. Therefore, high quality razor blades have ample scope in Indian market.
The demand for men's grooming market has seen a rise in the last few years because of increased consciousness of their looks among the male customer. Also as more than 50% of the population is under the age group of 30, the industry has huge local market. Thus, due to demand it is a good project for entrepreneurs to invest....Read more....
Fractionation of Turpentine Oil
Turpentine is an essential oil obtained from pine trees. It is one of the most important substances with many applications, being widely used as a solvent in chemical industries, resins and as an ingredient in paints. Uttarakhand, Himachal, J & K, and Assam are extremely rich in pine forests.Highly purified α-pinene can be obtained by vacuum-fractional distillation of turpentine that has to reach 97% purity. Pine oils are also widely utilized in cleaning & home products owing to their superior antibacterial and antiseptic properties. Other uses includes Ore-dressing Agent, Textile Degreaser, Bactericide, Fragrance, Others Customers are keen on specialized products as various applications require specific characteristics and ingredients.
Pine Oil (CAS 8002-09-3) Market is predicted to discover Vigorous Growth by 2021.Throughout the world every industry is spending a large amount in Research for future expansion.Growing consumer preference for natural products has led to the development of innovative applications in personal care and cleaning products. Rapid industrialization and increasing disposable consumer income are the other major factors driving the market growth, mainly in developing countries such as China, India, Vietnam, and Thailand.Thus, as an entrepreneur this project offers an exciting opportunity to you......Read more.....
Mahua longifolia is an Indian tropical tree found largely in the central and north Indian plains and forests. It is commonly known as mahua, mahwa or Iluppai. The flowers of the tree, which have a unique fragrance, are used to produce alcohol and provide livelihood to thousands of people. There are various types of alcoholic beverages and the concentration of ethanol differs across preparation. Alcoholic drinks prepared by using yeast to ferment various sugar containing plant products usually have a low concentration as yeast ceases to grow when the concentration of ethanol reaches about 15 percent. Stronger liquors, on the other hand, are prepared through distillation.
The chemical composition of wine is complex. A typical wine contains more than 300 components in addition to alcohol, often including minerals and vitamins not found in other fermented beverages. Alcohol concentrations may vary from 10% to 14% for table wines and up to 20% for certain aperitifs. While the prevalent alcohol is ethanol, glycerol and more than a dozen other alcohols have been isolated from wines. The market is being driven by domestic consumption rather than exports. Domestic sales of wine grew by 20% in 2015. Wine is largely consumed by the urban population in India and close to 80% of the wine consumption comes from the metro cities including Delhi, Mumbai, Chennai and Kolkata.As a whole it is a good project for new entrepreneurs to invest......Read more.....
The key strength of LED lighting is reduced power consumption. LED’s are available with at the most Lumen efficiency of 110 Lum/Watt compared to 65-80 Lum/Watt of CFL and FTL, 45 Lum/Watt of Mercury vapour and 75 Lum/Watt of metal halide or 94 Lum/Watt of Sodium Vapour. The operational life of current white LED lamps is 50,000-80,000 burning hours as compared to 5000-10000 hrs of CFL and FLT, 18000 hrs of T5 lamp, 5000 hrs of Mercury vapour, 8000 hrs of Metal halide and 8000 hrs HPSV lamp. While LEDs have the advantage over fluorescent lamps that they do not contain mercury, they may contain other hazardous metals such as lead and arsenic.
Lighting in India consumes 18% of overall power whereas in developed countries it is between 10 and 12%. Of the 18%, GLS consumes 65% of lighting. With the use of CFL lamps, upto 80% power used by GSL lamps can be saved. The market size of organized GLS lamps, in India is about 650 mn units, while that for energy efficient CFLs is 52 mn units, thus making penetration of CFL over 9% of GLS. The market size of Indian LED industry may touch Rs 21,600 crore by 2020 on the back of government's decision to switch to LED for all street lamps and public space lighting, an industry official said. As a whole there is a good scope for new entrepreneur to invest in this business. .....Read more.....
Kraft paper is paper produced from chemical pulp produced in the kraft process. Sack kraft paper, or just sack paper, is a porous kraft paper with high elasticity and high tear resistance, designed for packaging products with high demands for strength and durability. Kraft Paper from waste paper is obtained by pressing the moist material firmly against the surface of the drying cylinder. The moist paper adheres to the cylinder surface until it is dry enough for separation. A surface smoothness equivalent to that of the cylinder is imported to the side of the paper in contact with it. Because of its strength, Kraft Paper is used for many industrial and commercial applications. The material is used in packaging operations for packing, wrapping individual items, bundling and void fill. Also, Kraft paper can be used as load binders between layers of palatalized products.
The domestic demand for paper is growing at around 8% for the last couple of years in line with GDP growth. However, the per capita consumption in the country is only 8 kg a year. As a result of this low base, the long-term growth prospects are bright. The government's thrust on education and special schemes are expected to help the industry in future.Thus, due to demand it is a good project for entrepreneurs to invest......Read more.....
Mustard/Rapeseed oil is the third largest edible oil produced in the world after Soy oil and Palm oil. At a production level of 13-14 million tons, it accounts for about 12% of the total World's edible oil production. India is estimated to have a total mustard seed output of 5 million ton while oil is around 1.3 million tons. The country also generates 2.4 million tons of oil cake. India is self-sufficient in mustard seed and oil as import and export of the commodity is almost non-existent.
Mustard oil is consumed wholly in the domestic market. The demand for the consumption of mustard/rape seed comes mainly from eastern and northern areas of the country. The arrival of this crop in the markets is in its peak period during March to May. The major centers of consumption of its oil are Kolkata, Bihar, Jharkhand and the northeastern areas like Assam, Tripura, Sikkim etc. Two forms of mustard oil are traded in the Indian market namely Kacchi Ghani and Pakki Ghani (expeller oil). The world production of rapeseed-mustard has been increasing at rapid rate in several countries largely in response to the continuing increase in demand for edible oils and its products. With global production touching 14-15 million tonne, it accounts for about 15 per cent of the world's total edible oil production and 30-35 per cent of India’s total edible oil production. As a whole it is a good project for new entrepreneurs to invest. .....Read more.....
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. Since Surgical/Absorbent cotton is a material which comes in direct contact with the human body, its quality is very important and should satisfy the required pharmaceutical parameters. 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. Progressive increase in health amenities offered by Government and coming up of new hospitals and health care centres in private sector even at small towns are contributing to the growth of absorbent cotton industry. The demand for absorbent cotton is directly related with the development and expansion of health facilities in the country. The Federal and Regional Governments have given high attention for expansion of health facilities to increase the coverage. Hence, considering the population growth and the high attention given by the Federal and Regional Governments, the demand for absorbent cotton is assumed to grow by 10%, annually.As a whole there is a good scope for new entrepreneur to invest in this business......Read more.....
A safety razor is a shaving implement with a protective device positioned between the edge of the blade and the skin. The initial purpose of these protective devices was to reduce the level of skill needed for injury-free shaving, thereby reducing the reliance on professional barbers. Plastic disposable razors and razors with replaceable blade attachments are in common use today. Razors commonly include one to five cutting edges, but sometimes up to seven edges.
The differences between this razor and the others are basically comfort, steadiness and feel. Safety razor blades currently are produced in large scale sector only. There are many types of blades in the market, for e.g. Single double edge, sandwiched and daily consumption, the industry provides good scope for investment. The razor blades are mostly being manufactured by the foreign firms in India, although Indian firms are also in the field but their product is not up to the mark. Therefore, high quality razor blades have ample scope in Indian market.Thus due to demand it is a good opportunity for entrepreneurs to invest. .....Read more.....
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. .....Read more.....
Disposable cups, glasses, plates and spoons are used in daily life nowadays. In addition to be used at home these are largely used during at parties and other functions. The use of disposable items is increasing day by day because of better hygienic conditions, low cost, easy usability and impressive appearance. Plastic cups are largely used for tea, juices, coffee and other purposes.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. Pointing on disposable items is also quite easy and cheaper. The technology and machines are available in India and the cost is also less. This makes the disposable items more competitive and helps in increasing its market.
The global foodservice disposables market is experiencing rapid growth, linked to growing online food ordering and home delivery services. Increasing consumer concern regarding hygiene is the most important factor driving the growth of the disposable food containers industry. Thus, as an entrepreneur this project offers an exciting opportunity to you. .....Read more.....
Market Survey Cum Detailed Techno Economic Feasibility Report on above projects can be had from NPCS
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