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21 New Manufacturing Industries Expected to Grow in the Next 10 Years in India
21 New Manufacturing Industries Expected to Grow in the Next 10 Years in India. Booming Industries of the Future: Top Opportunity Areas. Most Profitable Business to Start Right Now?
(NPCS Newsletter - Issue 062018)
Project Profiles of below projects can be viewed/ downloaded from http://www.niir.org/profiles/
Today, tens of thousands of people are considering starting a business, and for good reasons. Throughout the world, small and medium scale manufacturing is considered as a profitable business for startup entrepreneurs. Some of the most lucrative industries are light engineering, paper, food processing, rubber, leather, chemical, and agrochemical industry. Apart from these household products, some construction-related products are also in high demand. Small and medium scale industries play the significant role in the GDP.
Small and medium sized enterprises play a central role in the Indian economy. They are a major source of entrepreneurial skills, innovation and employment. SME businesses are the biggest contributor to the economy of any country and the same goes with Indian economy. In fact, SME is one of the most crucial sectors of Indian economy as far as the number of employments generated from this segment. As more than 65% of Indian population lives in rural and semi-rural areas, small business becomes a major source of income for many residing in these areas. After agriculture, small business in India is the second largest employer of human resources.
Manufacturing Business ideas that you can initiate as micro, small, and medium scale basis.
Curcumin is the main biologically active phytochemical compound of Turmeric. Molecular chemical formula of Curcumin: C21H20O6. The most important constituents in organic turmeric are Curcuminoids, which is approximately 6%, and the yellow coloring principles of which Curcumin constitutes 50-60%. Curcumin is extracted from the dried root of the rhizome Curcuma Longa. The process of extraction requires the raw material to be ground into powder, and washed with a suitable solvent that selectively extracts colouring matter. This process yields a powdered, purified food colour, known as curcumin powder, with over 90 percent colouring matter content and very little volatile oil and other dry matter of natural origin.
India leads in Curcumin, Chilly and Turmeric production in the world. India is one of the leading producers and exporters of Turmeric. Curcumin is the active ingredient that comes from turmeric. In traditional Asian medicine, turmeric is used to treat various conditions. Curcumin is extracted from turmeric for medicinal purposes. These value-added products enjoy excellent demand in the developed economies where they are used as food ingredients to enhance value and aroma of many foods. Importantly, they are standardized products, hygienic and of consistent quality, also used in addition to a variety of pharmaceutical formulations. The export has shown an increase of 19% in rupee value and 6% in quantity. In dollar terms, the increase is 6%.
As a whole any entrepreneur can venture in this project without risk and earn profit. Read more
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. This system facilitates long distance transport of various products as well as makes seasonal products available over the entire year. Fruits, vegetables and many other commodities can be preserved by storage at low temperature, which retards the activities of microorganisms.
Indian cold storage market is expected to grow at a CAGR of 16.09% by 2020 driven by the growth in the organized retail, Indian fast food market, and food processing industry. Cold storage market in India is expected to be worth US$ 8.57 billion by 2020. The cold storage market in India is highly fragmented with more than 3500 players in the unorganized sector and around 30 players in the organized sector. India currently has 6156 cold storage facilities across various states with total capacity of 28.68 MMT which is insufficient. As a whole there is a good scope for new entrepreneur to invest in this business. Read more
(Dalmoth, Bhujia, Chana Chur and Khatta Meetha)
A Namkeen is seen in western culture as a type of food that is not meant to be eaten as part of the main meals of the day (breakfast, lunch, and diner). Rather, the food is intended as a namkeen something to temporarily tide a person’s hunger and provides a brief supply of energy for the body. Namkeen are designed to be less perishable, more durable, and more appealing than natural foods. Dal Moth, Chanachur, Bhujia & Khatta Meetha are the important names enhancing the flavour, & taste and processed foods. These are food products having no historical background & becomes in market and in social & cultural synonym as the society became more advanced.
The market of ready-to-eat namkeens is estimated at more than Rs.50,000 crore, having grown at a compounded annual growth rate of around 13% since 1998 till 2014 and expected to grow at a CAGR of 22% during 2014-2019. India is the world’s second largest producer of food next to China, and has the potential of being the biggest with the food and agricultural sector. This facilitates the development of new technologies and ensures a high quality product. Read more
Aluminium Cables and Conductors
From Molten Aluminium Metal/Aluminium Ingots
A cable is defined as the set of conductors, insulators, sheaths and armor protection or shielding, specifically built to carry the current both for energy transportation and for signal transmission. Cables are mainly used for power transmission and distribution purpose. Aluminium cables can often be found when dealing with electricity, because of their high conductive nature. These cables are ductile, light weight, non-magnetic and are perfect for heavy-duty applications.
The wires and cables market in India is led by five major players including Polycab wires, Sterlite technologies, Finolex cables, KEI Industries and Havells India, who cover around ~% of organized market for wires and cables. Polycab sold ~ million units in FY'2014 followed by Sterlite technologies which sold ~ million units in the same year. Revenues from the wires and cables industry in the India are expected to expand to INR ~ million in FY'2019 growing with a CAGR of 18.5% from FY'2014-FY'2019. Thus, due to demand it is best to invest in this project. Read more
Zinc oxide is an inorganic compound with the formula ZnO. ZnO is a white powder that is insoluble in water, and it is widely used as an additive in numerous materials and products including rubbers, plastics, ceramics, glass, cement etc. Zinc dross is obtained from the recovery of zinc. The zinc types may be recovered from galvanized sheets, batteries, car components, galvanizing processes, etc. The process for zinc oxide manufacture can be roughly divided into two types, the direct processes and the indirect processes. The direct methods use zinc ores as a source of zinc and the product is commonly referred to as American process. The indirect method use zinc metal as the raw materials and the product is known as French process.
Zinc oxide (ZnO) has a very good market and it is a growth oriented product and demand is over increasing in the country as well as abroad various industries consuming zinc oxide are in manufacturing, paint, paper, cosmetic, crockery, plastic, petroleum etc. The market size of zinc oxide in terms of value is projected to reach USD 4,184.5 million by 2020, and the global market size for zinc oxide is projected to register a CAGR of 6.0% between 2015 to 2020. As a whole there is a good scope for new entrepreneur to invest in this business. Read more
“The nation's competitiveness depends, in part, on the skills of tomorrow's engineers.”
As the saying goes, there is need of engineering college in India for the development of country and provide better opportunity. Engineering is concerned with doing, realizing and implementing thongs. Thus, the aim of future engineering education should be the integration of knowledge, skills, understanding and experience. For economic growth and prosperity, the need is to produce highly professional and competent engineers. This could be achieved by imparting quality teaching to students. Towards this, some norms and standards of engineering education need to be laid down so as to educate the students with appropriate skills suitable for a rapidly changing industrial scenario.
If we consider employment available versus Engineer, there is no vacant space among the all engineers output from the existence engineering college. Now a day’s majority of engineers work as administrator not as engineer. Entrepreneurs who invest in this project will be successful. Read more
Poultry feed is food for farm poultry, including chickens, ducks, geese and other domestic birds. Healthy poultry require a sufficient amount of protein and carbohydrates, along with the necessary vitamins, dietary minerals, and an adequate supply of water. Lactose-fermentation of feed can aid in supplying vitamins and minerals to poultry. Egg laying hens require 4 grams per day of calcium of which 2 grams are used in the egg. Oyster shells are often used as a source of dietary calcium. Certain diets also require the use of grit, tiny rocks such as pieces of granite, in the feed. The feed must remain clean and dry; contaminated feed can infect poultry.
India's demand for compound feed is expected to rise 28 million tonnes by 2017-18. The market is expected to grow from USD XX billion in 2016, to USD XXX Billion market by 2022, growing at a CAGR of over 2.7% during the forecast period.
The globally poultry feed market is projected to generate revenues worth $252,036.2 million and poultry feed additives is projected to generate $7,829.8 million by 2018 growing at a CAGR of 6.1% and 6.0 % respectively by 2018. Which facilitates the development of new technologies and ensure a high quality product.Read more
A razor is a bladed tool primarily used in the removal of unwanted body hair through the act of shaving. Kinds of razors include straight razors, disposable razor; the double-edged safety razor is a razor with a slant bar that can be used on both sides, with two open edges. The blade on the double-edged safety razor is slightly curved to allow for a smoother and cleaner shave.
Indian men's grooming market will grow at a CAGR of 22% by 2020. This growth is mainly due to the rising need to look well groomed, increasing per capita income, and rapid urbanization. The global Disposable Razor Blades Market valuation is expected to rise by 2025. The changing fashion trends and increasing emphasis on external appearances are expected to drive market demand from 2017 to 2025. This facilitates the development of new technologies and ensures a high quality product. Read more
Used for Coating of Pharmaceuticals Tablets for
Regular fill Coating and Functional Film Coating
In pharmaceutical drug delivery of solid oral dosage forms film coatings are frequently applied. The motivation for coating dosage forms range from cosmetic considerations (colour, gloss), improving the stability (light protection, moisture and gas barrier) and making it easier to swallow the tablet. In addition, functional coatings can be used to modify the drug release behaviour from the dosage form. A film coating is a thin polymer-based coat applied to a solid dosage form such as a tablet. The thickness of such a coating is usually between 20-100 µm. The Indian excipient market is expected to grow at the rate of 10–12 percent until 2020.The excipients are priced at 5–7 percent lesser in India which facilitates the development of new technologies and ensure a high quality product. Read more
Toughened glass is a type of soda-lime-silica glass with a sheet thickness 4-12 mm. The sheet has a central tensile stress of 500-1200 kg/cm2 and a ratio of surface compressive stress to central tensile stress of 2:1 to 4:1. Toughened or tempered glass is a type of safety glass processed by controlled thermal or chemical treatments to increase its strength compared with normal glass. Tempered glass is made from normal annealed glass via a thermal tempering process in which the glass is subjected to heat till its softening point and then rapidly cooled. This increases the strength of the glass. A fully tempered glass is 4 to 5 times stronger than an annealed glass of similar thickness.
The total market of glass was valued at Rs. 60 bn with 80% supplied by domestic producers. The industry is growing at around 8% per annum. Consumption per capita of glass in India is only about 0.8 kg compared to 3.5 kg in China, 5.2 kg in Thailand, 12 kg in Malaysia and 2.5 kg in Indonesia. The total organised producers in the glass market have a turnover estimated at over Rs. 40 bn, represented by a fairly large number of suppliers. The global market for flat glass is approximately 62 mn tonne (0.2 mn per day), the market is growing at 6% per annum. Europe, China and North America together account for estimated 70% of high quality float glass demand. As a whole there is a good scope for new entrepreneur to invest in this business. Read more
Invert sugar (syrup) is an edible mixture of sugars made by heating up table sugar (sucrose) with water. As invert sugar is thought to be sweeter than table sugar and foods that contain it hold in moisture and crystallize less easily, bakers, who call it invert syrup, may use it more than other sweeteners. Invert sugar (C12H24O12) is a mixture of glucose and fructose obtained by the hydrolysis of sucrose. Cane sugar comes from sugarcane. Invert Syrup contains equal proportions of the invert (reducing) sugars: glucose and fructose. It has wide application and is particularly useful where high concentrations of invert sugars are required.
The requirement for invert sugar syrup has been on the rise in India. There is a gradual realization among both bakers and honey makers that it is almost impossible to achieve the same quality of invert sugar using in-house production. The global liquid sugar market is segmented based on type, application, and geography. The inverted sugar syrup segment is expected to grow at a faster rate comparatively due to its extensive application in non-alcoholic refreshing beverages. As a whole you can invest in this project without risk and earn profit. Read more
Curcumin is the main biologically active phytochemical compound of Turmeric. Molecular chemical formula of Curcumin: C21H20O6. The most important constituents in organic turmeric are Curcuminoids, which is approximately 6%, and the yellow coloring principles of which Curcumin constitutes 50-60%. Curcumin is a water-soluble orange-yellow coloured powder. Today, India is the primary exporter of turmeric (known as haldi in India). Curcumin is one of three curcuminoids of turmeric. The other two curcuminoids are demethoxycurcumin and bisdemethoxy curcumin.
Curcumin production is mainly concentrated in India exceeding 78% of the global output. The industry expects the significant growth in China, India, Brazil, and South Africa. The BRIC nations will represent more than 44% of the global OTC demand by 2024. This facilitates the development of new technologies and ensures a high quality product. Read more
Ethyl and butyl acetates are solvents used in surface coatings, inks, flavorings and pharmaceuticals, and other applications. Ethyl acetate (systematically ethyl ethanoate, commonly abbreviated EtOAc or EA) is the organic compound with the formula CH3–COO–CH2–CH3, simplified to C4H8O2. This colorless liquid has a characteristic sweet smell (similar to pear drops) and is used in glues, nail polish removers, decaffeinating tea and coffee, and cigarettes. Ethyl acetate is the ester of ethanol and acetic acid; it is manufactured on a large scale for use as a solvent.
Demand for alkyl acetates in India looks promising, as it is expected to have strong growth in domestic consumption and exports during 2015–20. The Global Ethyl Acetate Market is growing with the rapid pace; mainly due to the expanding automotive and construction industries. The market is forecasted to demonstrate a stunning growth by 2027, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2027). Thus, due to demand it is best to invest in this project. Read more
Banana, Onion, Orange and Tomato Powder
The fruit & vegetable powders are specialized foods that have extremely high concentration of vitamins, minerals and phytonutrients. They make a great addition to smoothies and other recipes. Dehydrated vegetable and fruit powders are more practical than their fresh counterparts for food manufacturing. They have a longer shelf life and some powders like are packed with essential vitamins and minerals. While powders are high in demand, the problem is that most of them exist with bland flavors and colors. This is extraction, processing, and storage.
Onion powder is considered to offer enhanced taste and better texture owing to which it has become an essential ingredient in a number of applications in the food industry. The market is further expected to reach a volume of around 68 Thousand Tons by 2022. The market is further expected to reach a volume of around 68 Thousand Tons by 2022. As a whole there is a good scope for new entrepreneur to invest in this business. Read more
Potato Powder, Granules and Pellets
Potato powder is increasingly being used in a variety of food preparations like snack foods, soups, curries and other dishes as a thickening agent. Potato Granules are created during a process where the potato cells remain almost intact, which leads to a very low proportion of starch. Potato Granules can be soluble at high temperatures when use as a thickening agent. Potato pellets are intermediate non-expanded products made with raw materials potatoes. These semi-finished products are generally sold to snack manufacturers.
India Potato production is likely to be lower at close to 100 lakh tonne this year, down from 110 lakh tonne in 2017. Revenue in the Potato Products segment amounts to US$3405m in 2018. The market is expected to grow annually by 6.5 % (CAGR 2018-2021). From an international perspective it is shown that most revenue is generated in the United States (US$9,504m in 2018). As a whole there is a good scope for new entrepreneur to invest in this business. Read more
Baby Diaper and Sanitary Napkins
A diaper or nappy is a kind of underwear that allows one to defecate or urinate in a discreet manner. Most materials in the diaper are held together with the use of a hot melt adhesive which is applied in spray form or multi lines, an elastic hot melt is also used to help with pad integrity when the diaper is wet. Sanitary napkin, a universally needed product, has very low penetration in India and other developing countries, partly due to its high price and partly due to the tradition of using cheaper but unhygienic old cloth piece.
As a result they become the host of many infectious diseases. This is due to lack of awareness and economic inability for adopting better precautions like use of good sanitary napkins during menstruation period.
The Baby Diaper market is expected to reach around INR 200 Billion by 2022, growing at a double digit CAGR over the forecasted period 2017-2022. According to “India Diaper Market Outlook, 2021”, India’s diaper market was growing with a CAGR of 22.23% over past five years. India feminine hygiene market grew with a CAGR of about 16.05% in the period of five years. As a whole entrepreneur can venture in this field will be successful. Read more
Wine can be made from grapes, fruits, berries etc. Most wine, though, is made from grapes. And no matter what the wine is made from, there must be fermentation, that is, that sugar be transformed into alcohol. If the amount of alcohol is relatively low, the result is wine. If it is high, the result is "distilled liquor," like gin or vodka. White wines can be made from pigmented grapes by removal of skins, pulp and seeds before juice fermentation. Wines might be "fortified," "sparkling," or "table."
Wine production in India, though still at a nascent stage, is likely to reach 18 million liter this year and 21 million liter by 2018 from 17 million liter estimated last year, according to a study. The year-on-year growth rate has clocked five%, a just concluded study by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) said. Thus, due to demand it is best to invest in this project. Read more
Dehydrating vegetables once dehydrated, they take very little room to store. Nutrients aren’t destroyed as they are with canning. Nothing is spoiled. And dehydrated vegetables can store for years. Most vegetables can be dehydrated; some require blanching first, but for many vegetables, prep is as simple as chopping or slicing. Dehydration is the process of removing water or moisture from a food product.
Removing moisture from foods makes them smaller and lighter. The dried and preserved vegetables market of India is expected to grow at a CAGR of 16% by the year 2020. The supportive agro-climatic conditions, potential domestic market, cost competitiveness, and government support are some of the key factors which will drive the growth of this industry.The rising demand of seasonal vegetables across the year is supporting the growth of Dehydrated Vegetable market during the forecast period. Entrepreneurs who invest in this project will be successful. Read more
Mango Pulp is prepared from selected varieties of Fresh Mango Fruit. Fully matured Mangoes are harvested, quickly transported to the fruit processing plant, inspected and washed. Selected high quality fruits go to the controlled ripening chambers; Fully Ripened Mango fruits are then washed, blanched, pulped, deseeded, centrifuged, homogenized, concentrated when required, thermally processed and aseptically filled maintaining sterility.
As mango is a seasonal fruit, about 20% of fruits are processed for products such as puree, nectar, leather, pickles, canned slices, and chutney. These products experience worldwide popularity and have also gained importance in national and international market. The export of Senegal’s mangoes has greatly increased over the years. From 8,500 tons about 3 years ago and today we are exporting about 16,500 tons. Read more
Liquid Glucose is usually manufactured by subjecting starch to high temperature in the presence of acid. However, Liquid Glucose of same Dextrose Equivalent can be manufactured by enzymatic conversion but the spectrum of saccharides will differ and so also the properties, in comparison to acid converted Liquid Glucose. Liquid Glucose is an aqueous solution of nutritive saccharide obtained by starch hydrolysis, by using Corn and Rice as raw material, which is purified and concentrated to required solids. It is usually odorless and clear yellow colored viscous liquid sweet syrup which is processed and stored under hygienic conditions.
Broken rice is the by-product of rice mill. It has various uses out of which one use is to prepare liquid glucose from broken rice. About 90% of the liquid glucose produced in India is consumed by the confectionery industry. Its preparation of sugar candy. It standard confectionery being about 33%. It is used also in textile printing and in biscuit and tobacco canning. The rest of this is used in leather, textile pharmaceutical and other industries. The domestic demand for liquid glucose had been estimated as 10000 MT/annum of which 7500 tones are used in the confectionery plants and are therefore widely distributed in their crude from. Which facilitates the development of new technologies and ensure a high quality product. Read more
Liquefied Petroleum Gas is a Propane / Butane mixture liquefied under normal ambient temperature and moderate pressures. It is a safe, clean burning, reliable, high calorific value fuel. The detailed design of filling plants, and the associated cylinder filling equipment, should be undertaken by an appropriate supplier based on the required performance specification. The basic operations undertaken in the filling plant and maintenance areas e.g. cylinder inspection, cylinder filling, leak testing, checks to ensure no overfilling, cylinder evacuation and vapor recovery, re-valving, cylinder requalification, maintenance and repair of cylinders, grit blasting, painting, etc.
Application of LPG in the industrial sector is also increasing, owing to growing use of LPG as a feedstock in petrochemical plants in the country. Moreover, rising demand from transport segment and increasing consumption of LPG to produce various chemical components such as propylene, ethylene, butadiene, etc., is further anticipated to boost demand for LPG in the country in the coming years. The mini-filling plant concept makes LPG easily accessible in many parts of the country. Approximately 65% of the LPG demand is located in countries. This facilitates the development of new technologies and ensures a high quality product. Read more
Market Survey Cum Detailed Techno Economic Feasibility Report on above projects can be had from NPCS
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