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12 Amazing Startup Ideas. Best Industries for Starting a Business in 2018.
Looking for Business Ideas? –12 Amazing Startup Ideas. Best Industries for Starting a Business in 2018. Which Small, Medium Scale Industry is Best to Start in India Now?
(NPCS Newsletter - Issue 022018)
Project Profiles of below projects can be viewed/ downloaded fromhttp://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:
Alginate, GI Cement, Composite Resin Poly Carboxylate Cement
A dental impression is a negative imprint of hard (teeth) and soft tissues in the mouth from which a positive reproduction (cast or model) can be formed.Impression material is of liquid or semi-solid nature when first mixed and placed in the mouth. It then sets to become an elastic solid (usually takes a few minutes depending upon the material), leaving an imprint of person's dentition and surrounding structures of oral cavity. Alginate is an irreversible hydrocolloid. It exists in two phases: either as a viscous liquid, or a solid gel, the transition generated by a chemical reaction.
The overall setting double composition reaction is as follows:
Potassium (sodium) alginate + calcium sulphate dihydrate + water → calcium alginate + potassium (sodium) sulphate Sodium phosphate is added as a retarder which preferentially reacts with calcium ions to delay the set of the material.
The market has been estimated at USD 6.2 billion in 2016 and is projected to reach USD 8.5 billion by 2021, at a CAGR of 6.5% during the forecast period from 2016 to 2021. Dental equipment is tools used to diagnose and treat dental diseases. Dental tools are used by dental professionals to examine, manipulate, restore and remove teeth and surrounding oral structures and to provide dental treatment. The end-users for this market include hospitals, dental clinics, and dental practitioners.
The Global Restorative Dentistry Market is projected to Reach USD 21.27 Billion by 2022 from USD 15.60 Billion in 2017, at a CAGR of 6.4% Increase in the prevalence of dental diseases (dental caries and edentulism), rising demand for advanced cosmetic dental procedures, growing dental tourism, and increasing dental expenditure are the major factors driving the demand for restorative dentistry.As a whole any entrepreneur can venture in this project without risk and earn profit. Read more
Waste Plastic to Oil Conversion
Plastics have become an indispensable part in today’s world. Due to their light weight, durability, energy efficiency, coupled with faster rate of production and design flexibility, these plastics are employed in entire gamut of industrial and domestic areas. Plastics are produced from petroleum derivates and are composed primarily of hydrocarbons but also contain additives such as antioxidants, colorants and other stabilizers. Disposal of the waste plastics poses a great hazard to the environment and effective method has not been implemented. Plastics are non-biodegradable polymers mostly containing carbon, hydrogen, and few other elements like nitrogen.Pyrolysis is the chemical decomposition of organic substances by heating the word is originally coined from the Greek-derived elements pyro "fire" and lysys "decomposition".Pyrolysis technology is thermal degradation process in the absence of oxygen. Plastic waste is treated in a cylindrical reactor at temperature of 300ºC – 350ºC.
Increasing industrialization and motorization has led to a significant rise in demand of petroleum products. As these are the nonrenewable resources it is difficult to predict availability of these resources in future, resulting uncertainty in its supply and price and is impacting growing economies like India. Many alternate fuels like Alcohols, Biodiesel, LPG, CNG etc. have been already commercialized in the transport sector. In this context, pyrolysis of solid waste is currently receiving renewed interest.Plastic to oil (fuel) conversion technology has gained prominence primarily due to two factors: forming a reliable source of alternative energy from an abundant feedstock having negligible economic value and an eco-friendly disposal of non-recycled plastics.As a whole there is a good scope for new entrepreneur to invest in this business. Read more
Cross-Linked Sodium Carboxymethyl Cellulose
Cross-linked sodium carboxymethyl cellulose is also known as croscarmellose sodium or modified cellulose gum.Crosslinked sodium carboxymethylcellulose (CMC), croscarmellose, is prepared by the reaction of Na-CMC with acids. The raw material is usually a high viscosity sodium CMC with a low degree of substitution.The cross-linking reduces water solubility while still allowing the material to swell (like a sponge) and absorb many times its weight in water. As a result, it provides superior drug dissolution and disintegration characteristics.Cross-linked sodium carboxymethyl cellulose is used in tablets of table-top sweeteners and dietary food supplements, as it facilitates disintegration in aqueous solutions, with a maximum level of use of 30 g/kg.
The global carboxymethyl cellulose (CMC) market was estimated at $1,151.7 Million in 2014 and is projected to register a CAGR of 4.2% between 2015 and 2020. Carboxymethyl cellulose (CMC) or cellulose gum is a cellulose derivative with carboxymethyl group in its chain. CMC is physiologically inert, chemically stable, odorless and tasteless substance which safe for health and environment.The growth of processed food industry, increasing pharmaceutical and cosmetics production, and the growing oil drilling activities are the major factors driving the growth of CMC market.As a whole entrepreneur can venture in this field will be successful. Read more
An important part of this power system is the cable system that is used exclusively to carry power from the main substations to secondary substations at load centers. Low-voltage cable is used to distribute power from the load centers to utilization equipment in conduits and ducts, even though other methods such as cable trays, direct burial for outdoor applications, and aerial cable are used.PVC and polyethylene are the two main polymer types used for wire and cable insulation, with PVC comprising about 2/3 of the insulation used for building wiring. PVC compounds used in wires and cables as per BS 600 are described in BSEN 50363-3/BS 7655-4.2. PVC wires & cables are used in home appliance, house wiring, T.V, VCR control panel, power distribution & secondary transmissions etc.
Wires and cables sector basically consists of two areas: (i) power; and (ii) telecommunication.The wires and cables industry in the India has grown at a CAGR of 16.7% from INR ~ million in FY’2009 to INR ~ million in FY’2014. The electric wire and cable market in India to grow at a CAGR of 16.18% over the period 2015-2019. Indian Electrical Equipment Industry Mission Plan 2012-2022, the government has planned to make India the country of choice for the production of electrical equipment and reach an output of $100 billion by balancing exports and imports. Thus, due to demand it is best to invest in this project. Read more
Areca nut is the nut of areca palm.Biological name of areca nut palm is Areca catechu and it is a member of the family arecaceae or palmal. It is also called betel nut, as it is usually chewed with betel leaf and lime. Betel nut is a seed of the Areca catechu, a type of palm tree. It's commonly chewed after being ground up or sliced and wrapped in leaves of the Piper betel vine that have been coated with lime. This is known as a betel quid. Tobacco or flavorful spices may also be added. The dust and ‘Chogaru’ are traditionally used as a masticatory and for tanning leather. The tannins of arecanut tan leather satisfactorily except for the colour.
India is the highest producer of areca nut with a production of around 3.3 lakh tones and a total acreage under cultivation of 2.64 lakh hectares, with Karnataka and Kerala accounting for nearly 72 per cent of the total production. Over six million people are engaged in areca nut cultivation, processing and trade. More than 85 per cent of the area under cultivation is made up of small and marginal holdings. Among the two varieties white nuts have a share of 60 per cent. India is also the largest consumer with around 3.2 lakh tonnes.As a whole you can invest in this project without risk and earn profit. Read more
The control panels are enclosures fabricated out of sheet metal which can be open, semi enclosed or totally enclosed type. They direct and control electric power to equipment and appliances.A control panel is a flat, often vertical, area where control or monitoring instruments are displayed or it is an enclosed unit that is the part of a system that users can access, as the control panel of a security system (also called control unit).The electrical control panel has always been a major component in civil and industrial electrical systems.
Global switchgear and control gear (panel), and capacitor markets are expected to grow at CAGRs of 6.1% (2014-19). In value terms from ~$42 billion in 2015 to ~$54 billion in 2019. Indian switchgear and control panel market size is approx $4.4 Billion (2017) and projected to reach $8.2 Billion by 2022. The global distribution boards market is estimated to record a market size of USD 4.33 Billion in 2016, and is projected to grow at a CAGR of 6.4% from 2016 to 2021, to reach USD 5.91 Billion by 2021.Entrepreneurs who invest in this project will be successful. Read more
The sun energy reaches Earth as UV, visible and infrared radiation. The last one is largely responsible for heat build-up.©Solar radiation, visible radiation, near infrared (NIR) radiation, very short wavelength infrared (VSWIR) radiation etc.,The visible region of the electromagnetic spectrum is commonly considered to be the wavelength range between 0.4-0.72 μm (400-720 nm).The polymers used in the SRP roof systems expand when wet, offering unparalleled protection expands when wet offering unparalleled protection against damaging moisture penetration.The roof coat resin has a very special property known as “Variable Permeability”. When conditions are wet, the polymers swell up becoming completely watertight.This report deals with the simulation thermal coating for providing the room comfort and thereby reducing the usage of Air conditioning units and fans.
Infrared-reflective coatings can be formulated with various pigments, metals (such as aluminum) or other materials to produce an IR-reflective barrier.The paints industry in India has been growing at the rate of around 12% a year. The paints market has crossed the Rs. 135 bn mark. By volume, the market is estimated at 1.4 mntonne which is growing at an average annual growth of over 6 to 8% (12% by value). The unorganized sector, shrunk in the recent years, still commands a share of 46% (by volume) and 35% (by value).The global cool roof coating market is expected to reach USD 5.41 billion by 2025. The global cool roof coating market demand was 37.7 million liters in 2015 and is expected to reach 78.5 million liters by 2025, growing at a CAGR of 7.6% from 2016 to 2025.The global IR Reflected coating market is expected to reach USD 5.41 billion by 2025.Which facilitates the development of new technologies and ensure a high quality product. Read more
Calcium gluconate is the calcium salt of gluconic acid. In order for the product to be registered as a food fortificant, it must be prepared at high purity, i.e. without the presence of by-products that are unregistered. An important disadvantage of calcium gluconate is that it is relatively costly to produce.For the production of calcium gluconate an enzymatic process is preferred because of its high specificity and the resulting high purity of the product. However, the solubility of calcium gluconate under the conditions required for optimal enzymatic conversion (pH 5-7, 30-35°C.) is only 40 g/L.Calcium Gluconate can be used in Food, Beverage, Pharmaceutical, Health & Personal care products, Agriculture/Animal Feed/Poultry.
The international market for calcium gluconate can be divided largely on the basis of application, end use, in addition to the available form. On the basis of the end use, the market for calcium gluconate may be additionally divided into bulking agent, emulsifier, and thickening agent.The global market for calcium gluconate is projected to grow as a result of the mounting demand from different end-use industries with the highest demand expected from pharmaceutical and food and beverages.The major global key players in this space include: Noah Technologies Corporation, Aaron Industries, Inc. AKZO Nobel Chemicals Inc, American Biorganics, Inc, Coyne Chemical, Alfa Aesar, PMP Fermentation Products, Inc and Glucona America, Inc. These companies are staying competitive by developing innovative market, which include mergers and acquisitions, new product development, joint ventures, and expansion.Thus, as an entrepreneur this project offers an exciting opportunity to you. Read more
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.The two terms may be used for the same plants in which the fresh leaves are used as herbs, while other dried parts are used as spices, e.g. coriander, dill. A masala can either be a combination of dried (and usually dry roasted) spices, or a paste (such as vindaloo masala) made from a mixture of spices and other ingredients—often garlic, ginger, onions and chili paste. •Spices contain an impressive list of plant-derived chemical compounds that are known to have disease preventing and health promoting properties.
India is the world's largest producer, consumer and exporter of spices; the country produces about 75 of the 109 varieties listed by the International Organization for Standardization (ISO) and accounts for half of the global trading in spices.Total spices export from India stood at 226,225 tonnes valued at US$ 621.78 in April-June 2016, registering a year-on-year growth of 3 per cent. The revenues from India market are expected to expand to around USD 18 billion in FY’2020, growing with a CAGR of ~% from FY’2016 to FY’2020. Which facilitates the development of new technologies and ensure a high quality product. Read more
Hot Dip Galvanizing is a process in which an adherent, protective coating of zinc and zinc compounds is developed on the surfaces of iron and steel products by immersing them in a bath of molten zinc.Hot dipping is a process in which a metal substrate is immersed in a molten bath of a second metal. After removal, the second metal is coated into the first. It is essential to have higher melting temperature of first metal than the second. The most common substrate metals are steel and iron and the common coating materials are zinc, aluminium, tin and lead. Prior to coating, cleaning of rust, scale, oil, paint and other surface contaminants is required.For coating process, immersion in the molten metal is done for periods ranging from a fraction of a minute for small objects like fasteners to several minutes for large scale structures. Temperature of approximately 450°C and 700°C need to be maintained (bath temperature) for galvanizing (zinc coating) and aluminium coating respectively.
Steel manufacturing output of India is expected to increase from 88.4 million tons (MT) in 2017 to 128.6 MT by 2021, accelerating the country’s share of global steel production from 5.4% in 2017 to 7.7% by 2021.India is the second-largest crude steel producer in the world. In FY17, India produced 111.254 million tons (MT) of finished steel. Total finished steel production in the country increased at a CAGR of 8.39 per cent over FY12-17. Crude Steel and Finished Steel production during April-October 2017 stood at 66.70 MT and 76.36 MT, respectively. Driven by rising infrastructure development and growing demand for automotives, steel consumption is expected to reach 104 MT by 2017. India’s steel production is expected to increase from 97.42 MT in FY17 to 128.6 MT by 2021.Thus, due to demand it is best to invest in this project. Read more
Bio-Plastic Products
(GLASSES, PLATES AND BAGS)
Plastics have become an important part of modern life and are used in different sectors of applications like packaging, building materials, consumer products and much more. Biodegradable plastics are mainly derived from corn, wheat and potato starch. Biodegradable plastics products are thermoplastic materials which are processed with the same machines traditionally used to process conventional plastics. Biodegradable shopping bags are made of polymers that degrade, or decompose, when exposed to air, water, or sunlight. Currently, CU Dining Services is promoting their use of biodegradable bags from Grab-n-Go’s. The bio-plastic sheets are generally made from starch based polymers. The sheets can be processed into plates and glasses using the conventional method.
Bioplastics in India are still at a very nascent stage with only two participants operating in this segment. As compared to the European market, where bioplastic products are commercially available, the Indian bioplastics industry has a long way to go in terms of production, raw materials, and technology. Though there is an increasing interest in the bioplastics in India, factors such as lack of environmental concern, price, and regulation are the key issues affecting the growth of this segment. The global bio plastics market was 19.54 billion USD in 2016 and is estimated to reach US$ 65.58 billion in 2022 at an estimated CAGR of 22.36% for the forecasted period. Read more
(Quarrying, Processing & Exporting)
Bentonite comes under the speciality of clay (Aluminium Hydrosilicate), which has large used in the chemical industries, oil refineries industries, cosmetics industry. A particular feature of this group of minerals is the substitutions of Si4+ and Al3+ in the crystal structure by lower valency cations. Calcium bentonite is a useful adsorbent of ions in solution, as well as fats and oils. A colloidal native hydrated aluminium Silicate (clay) consist principally of montmoillonite Al2O3, 4SiO2 H2O usually contains some magnesium, iron and calcium carbonate.
The global market for bentonite offered an opportunity worth US$1.42 bn in 2015. Researchers anticipate it to rise at a CAGR of 3.0% from 2016 to 2024 and reach a value of US$1.85 bn by the end of 2024. By 2025 India may consume 30-34 million tons of oil. 2016-2017 edible non-edible imports expected 15 million tones. The global activated bleaching earth market to grow with a CAGR of 4.0% over the period of 2017 - 2023 The study on activated bleaching earth market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Row for the period of 2015 to 2023. As a whole there is a good scope for new entrepreneur to invest in this business. Read more
Market Survey Cum Detailed Techno Economic Feasibility Report on above projects can be had from NPCS
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