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

Agro and Food Processing: Project Opportunities in Bihar

PROFILE:

Indian food processing industry is widely recognized as a 'sunrise industry' having huge potential for uplifting agricultural economy, creation of large scale processed food manufacturing and food chain facilities, and the resultant generation of employment and export earnings. The food processing sector in India is geared to meet the international standards. Food Safety and Standards Authority of India has the mandate to develop standards and also to harmonise the same with International Standards consistent with food hygiene and food safety requirement and to the conditions of India's food industry.

RESOURCES:

Bihar is the seventh largest economy in India in terms of food production. Bihar is the leading State in the production of fruits and vegetables. It is the first largest producer of vegetables and second largest producer of fruits in the country. There exists huge scope of investment in the food-processing sector in the State. Private sector participation is being encouraged in packaging and food processing sectors to ensure better quality. Also, the State welcomes private investment for comprehensive development of tea industry and capital subsidy is available for setting up tea processing units. Even as the state of Bihar is being talked of as the next big hope for agriculture sector in the country, this sector also remains the most crucial factor for the state economy.

GOVERNMENT POLICIES:

In India, agricultural trade policy is a part of a larger food and agriculture policy regime that seeks to maintain food self-sufficiency while providing income support to the agricultural sector and poor consumers. The Government of India (GOI) uses a variety of policy instruments in attempting to achieve these goals, including:

•        Domestic subsidies to inputs, outputs, transportation, storage, and consumption to reduce producer costs and consumer prices.

•        Border measures such as subsidies, tariffs, quotas, and non-tariff measures to protect domestic producers from import competition, manage domestic price levels, and guarantee domestic supply.

The National Policy on Agriculture seeks to actualise the vast untapped growth potential of Indian agriculture, strengthen rural infrastructure to support faster agricultural development, promote value addition, accelerate the growth of agro business, create employment in rural areas, secure a fair standard of living for the farmers and agricultural workers and their families, discourage migration to urban areas and face the challenges arising out of economic liberalization and globalisation. Over the next two decades, it aims to attain:

•        A growth rate in excess of 4 per cent per annum in the agriculture sector;

•        Growth that is based on efficient use of resources and conserves our soil, water and bio-diversity;

•        Growth with equity, i.e., growth which is widespread across regions and farmers;

•        Growth that is demand driven and caters to domestic markets and maximises benefits from exports of agricultural products in the face of the challenges arising from economic liberalization and globalisation;

•        Growth that is sustainable technologically, environmentally and economically.

The policy seeks to promote technically sound, economically viable, environmentally non-degrading, and socially acceptable use of country’s natural resources - land, water and genetic endowment to promote sustainable development of agriculture.

 

Sugar: Project Opportunities in Bihar

PROFILE:

Sugar is one of the oldest commodities in the world and traces its origin in 4th century AD in India and China. Indian sugar industry is highly fragmented with organized and unorganized players. There are 453 sugar mills in India. Co-operative sector has 252 mills and private sector has 134 mills. Public sector boasts of around 67 mills.

RESOURCES:

Sugar industry is the largest agro-based industry in Bihar. This industry generates sizeable employment in the farm sector directly as well as through ancillary industries and related activities. It is estimated that about five lakh farmers and their dependents are engaged in the cultivation of sugarcane and approximately another half a lakh unskilled and skilled personnel, including highly qualified and trained technologists are engaged in the sugar industry in the State.

GOVERNMENT POLICIES:

The Commerce Ministry has formally issued a trade notice allowing export of sugar, subject to a quantitative ceiling of 10,00,000 tones for the licensing year 2000-01. The public notice dated 14th August' 2000 has been placed at the disposal of Agricultural and Processed Food Products Exports Development Authority (APEDA) for the purpose of issuing Registration-cum-Allocation Certificates (RCAC) to individual exporters. The Government had already announced that the exporters would be exempt from the mandatory levy for the quantity of sugar exported. The country expects to produce more than 18 million tons of sugar during October 1999-September 2000 along with a carryover stock of 6.7 metric tons from the previous season.      

Textiles: Project Opportunities in Bihar

PROFILE:

The textile industry occupies a unique place in our country. One of the earliest to come into existence in India, it accounts for 14% of the total Industrial production, contributes to nearly 30% of the total exports and is the second largest employment generator after agriculture. Textile Industry is providing one of the most basic needs of people and the holds importance; maintaining sustained growth for improving quality of life. It has a unique position as a self-reliant industry, from the production of raw materials to the delivery of finished products, with substantial value-addition at each stage of processing; it is a major contribution to the country's economy.

RESOURCES:

Textile sector offers huge potential to the investors. The State has strong weaving traditions. The total number of weavers in the State is over 90,000. The major locations for the textile industry are Bhagalpur, Gaya, Nalanda, Darbhanga, Madhubani, Siwan and Patna. Bihar is the country's second State after West Bengal in jute production and jute textiles. Due to availability of raw jute, cheap labour, sufficient power, water and transportation in northern part of Bihar, some jute mills are located in this region. Jute mills are located in Karbisganj in Purnia district, Katibar, Muktapur in Samstipur district

GOVERNMENT POLICIES:

The Ministry of Textiles in India has formulated numerous policies and schemes for the development of the textile industry in India. The government of India has been following a policy of promoting and encouraging the handloom sector through a number of programmes. Most of the schematic interventions of the government of India in the ninth and tenth plan period have been through the state agencies and co-operative societies in the handloom industries. Some of the major acts relating to textile industry include: Central Silk Board Act, 1948, The Textiles Committee Act, 1963, The Handlooms Act, 1985, Cotton Control Order, 1986, The Textile Undertakings Act, 1995 Government of India is earnestly trying to provide all the relevant facilities for the textile industry to utilize its full potential and achieve the target. The textile industry is presently experiencing an average annual growth rate of 9-10% and is expected to grow at a rate of 16% in value, which will eventually reach the target of US $ 115 billion by 2012. The clothing and apparel sector are expected to grow at a rate of 21 %t in value terms.

Leather: Project Opportunities in Bihar

PROFILE:

Leather and allied industries in India play an important role in terms of providing employment to the large number of artisans and also earning foreign exchange through exports. The major factors responsible for the growth of Indian leather industry are availability of raw materials (hides and skins), cheaper labour, technology and Government policy support. Indian Leather sector exports account for Rs.10691 crores and provides direct employment to more than 2.5 million people and among them many belong to socially and economically backward communities.

RESOURCES:

Bihar has sizeable share of goat and cattle population of the country. Bihar is known for the best quality of cow hides, buff calf skins & goat skins since Bihar is very rich in cattle population. It produces 2.64 million bovine hides per annum. State has tanneries as well as footwear units in the private sector. In case of goats, Bihar state accounts for third rank in the country next only to West Bengal and Rajasthan. The leather tanning industry in Bihar consists of three important segments

(i)       Units established under Bihar Leather Development Corporation (BLDC) and its sister concern viz. Bihar Finished Leather ltd.

(ii)      a few private tanneries working at Muzaffarpur

(iii)     BATA tannery at Mokhamaghat

GOVERNMENT POLICIES:

Government policies in support of the industry are:

• The entire leather sector is now de-licensed and de-reserved, paving way for expansion on modern lines with state-of-the art machinery and equipment

• 100% Foreign Direct Investment and Joint Ventures permitted through the automatic route

• 100% repatriation of profit and dividends, if investments made in convertible foreign currency. Only declaration to this effect to the Reserve Bank is required.

• Promotion of industrial parks (one leather park in Andhra Pradesh, one leather goods park in West Bengal, one footwear park in Tamil Nadu and one footwear components park in Chennai).

• Funding support for modernizing manufacturing facilities 

• Funding support for establishing design studios

• Duty free import of raw materials (namely raw skins, hides, semi-finished leather and finished leather) and of embellishments and components under specific scheme

• Concessional duty on import of specified machinery for use in leather sector

• Duty neutralization / remission scheme 

 

Mineral: Project Opportunities in Bihar

PROFILE:

Minerals are non renewable and limited natural resources and constitute vital raw materials in a number of basic and important industries. India has a large number of economically useful minerals and they constitute one-quarter of the world's known mineral resources. India produces 89 minerals out of which 4 are fuel minerals, 11 metallic, 52 non-metallic and 22 minor minerals

RESOURCES:

Bihar is a producer of Steatite (945 tonnes), Pyrites (9,539 tonnes/year), Quartzite (14,865 tonnes/year), Crude Mica (53 tonnes/year), Limestone (4,78,000 tonnes/year). Bihar has also some good resource of Bauxite in Jamui district, Cement Morter in Bhabhua, Dolomite in Bhabhua, Glass sand in Bhabhua, Mica in Muzaffarpur, Nawada, Jamui, Gaya and salt in Gaya and Jamui.

GOVERNMENT POLICIES:

NATIONAL MINERAL POLICY, 2008

Keeping in view the long term national goals and perspective for exploitation of minerals, Government of India has revised its earlier National Mineral Policy, 1993 and came up with a new National Mineral Policy 2008. Basic goals of NMP 2008 are-

1.       Regional and detailed exploration using state of the art techniques in time bound manner.

2.       Zero waste mining

For achieving the above goals, important changes envisaged are:

•        Creation of improved regulatory environment to make it more conducive to investment and technology flows

•        Transparency in allocation of concessions

•        Preference for value addition

•        Development of proper inventory of resources and reserves

•        Enforcement of mining plans for adoption of proper mining methods and   optimum utilization of minerals 

•        Data filing requirements will be rigorously monitored

•        Old disused mining sites will be used for plantation or for other useful purposes.

•        Mining infrastructure will be upgraded through PPP initiatives

•        State PSU involved in mining sector will be modernized

•        State Directorate will be strengthened to enable it to regulate   mining in a proper way and to check illegal mining

•        There will be arms length distance between State agencies that mine  and those that regulate

•        Use of machinery and equipment which improve the efficiency,

•        Productivity and economics of mining operation, safety and health of workers and others will be encouraged.

 

Tourism: Project Opportunities in Bihar

PROFILE:

Tourism has become an important industry in many countries of the world, both in the east and the west. Various initiatives are being taken by the Government and other organizations to promote tourism here. Tourism in India is the largest service industry, with a contribution of 6.23% to the national GDP and 8.78% of the total employment in India. India's rich history and its cultural and geographical diversity make its international tourism appeal large and diverse. It presents heritage and cultural tourism along with medical, business and sports tourism. India has one of the largest and fastest growing medical tourism sectors.

RESOURCES:

Bihar promises development of tourism to its optimum level. Rich in its historical traditions and ancient splendour, the culturally rich Bihar has derived its name from "Vihar". It has the sacred Ganga River as its lifeline and huge water mass in form of many rivers and rivulets in North Bihar, the Gandak, Kosi and many more and the vitally important Son River which forms the lifeline in South Bihar. With its rich heritage of antiques, artifacts, historical facts and figures going into its favour, Bihar is a blend of beautiful and bountiful nature, natural resources, the vital sparkling pure water, important archaeological finds, and rich culture. Herein, lies the history of the young prince of Nepal, Siddharth, transforming into Lord Buddha by getting enlightenment through sheer penance at Bodh Gaya under the sacred Bodhi tree which is attracting the Buddhists tourists for ages from across the world. Bihar has 22 Nirvan Sthals of 24 Jain Tirthankars attracting the people following the Jain religion. Development of these tourist's sites has been undertaken on a large scale to promote religious tourism.

Tourism has established itself as 'smokeless' industry in the world and its role in the socio-economic development of a country is well established. Bihar government has also given tourism the status of industry and development works in this pursuit have been undertaken.

GOVERNMENT POLICIES:

In order to develop tourism in India in a systematic manner, position it as a major engine of economic growth and to harness its direct and multiplier effects for employment and poverty eradication in an environmentally sustainable manner, the National Tourism Policy was formulated in the year 2002. Broadly, the “Policy” attempts to:-

•        Position tourism as a major engine of economic growth;

•        Harness the direct and multiplier effects of tourism for employment generation, economic development and providing impetus to rural tourism;

•        Focus on domestic tourism as a major driver of tourism growth.

•        Position India as a global brand to take advantage of the burgeoning global travel trade and the vast untapped potential of India as a destination;

•        Acknowledges the critical role of private sector with government working as a pro-active facilitator and catalyst;

•        Create and develop integrated tourism circuits based on India’s unique civilization, heritage, and culture in partnership with States, private sector and other agencies; and

•        Ensure that the tourist to India gets physically invigorated, mentally rejuvenated, culturally enriched, spiritually elevated and “feel India from within”.

 

Animal Husbandry: Project Opportunities in Bihar

PROFILE:

A large number of farmers in India depend on animal husbandry for their livelihood. In addition to supplying milk, meat, eggs, and hides, animals, mainly bullocks, are the major source of power for both farmers and drayers. Thus, animal husbandry plays an important role in the rural economy. Today, India has the world's largest dairy herd (composed of cows and buffaloes), about 300 million strong, and is second only to the United States in milk production. India is also the world’s third largest global producer of eggs and the world’s sixth largest producer of poultry meat.

RESOURCES:

Animal husbandry is a core sector of the State economy. Being the 5th largest goat population state, Bihar contributes about 7.63% of India's total goat population. The state is also a habitat of 42.6% people below poverty line and hence there is a tremendous scope of goat farming to meet up the large gap between demand and supply of meat. Around 574000 goats are slaughtered annually in recognized slaughterhouses contributing 31.17% of total meat production of the state (175 thousand tonnes of meat in 2003). However, goat rearing is not well accepted by all classes of people in Bihar. According to economic census 2003, the total livestock population in the state was 407.83 lakh. Of this, 39.8 per cent are milch animals with 104.7 lakh cows and 57.66 lakh buffaloes.

 

GOVERNMENT POLICIES:

Components of the scheme for animal husbandry are the following:

•        streamlining storage and supply of Liquid Nitrogen by sourcing supply from industrial gas manufacturers and setting up bulk transport and storage systems for the same;

•        introduction of quality bulls with high genetic merit;

•        promotion of private mobile A.I. service for doorstep delivery of A.I.;

•        conversion of existing stationery government centres into mobiles centres;

•        quality control and certification of bulls and services at sperm stations, semen banks and training institutions;

•        study of breeding systems in areas out of reach of A.I.;

•        refresher training to existing AI workers, basic training to rural unemployed youth, training to professionals and organization of farmers orientation programmes; and

•        institutional restructuring by way of entrusting the job of managing production and supply of genetic inputs as well as Liquid Nitrogen to a specialized autonomous and professional State Implementing Agency.

Automobile and auto components: Project Opportunities in Bihar

PROFILE:

The Indian auto industry has the potential to emerge as one of the largest in the world. Presently, India is second largest two wheeler markets in the world, fourth largest commercial vehicle market in the world. 11th largest passenger car in the world and is expected to be the seventh largest market by 2016. The growth is a reflection of the emergence of India as a global automobile hub with almost all global auto makers having set up plants in India to cater mainly to the domestic market, as also the export market.

RESOURCES:

There is huge business potential in Automobile industry in the from Tenders, Procurement notices, public tender notices, online tenders, government tenders, domestic tenders, tenders notification, Bids, tenders news, tenders info and contracts available throughout the country.

GOVERNMENT POLICIES:

A number of policy initiatives have been taken by the government to facilitate the automotive industry. These include:

•        Permitting 100% FDI in this sector & removal of minimum capital investment norm for fresh entrants.

•        Establishing an international hub for manufacturing small, affordable passenger cars & a centre for manufacturing two-wheelers.

•        Conducting incessant modernization of the industry & facilitate indigenous design, research & development.

•        Leveraging State’s software technology into automotive technology wherever relevant.

Brewery: Project Opportunities in Bihar

PROFILE:

A brewery is a dedicated building for the making of beer, though beer can be made at home, and has been for much of beer's history. A company that makes beer is called either a brewery or a brewing company. The diversity of size in breweries is matched by the diversity of processes, degrees of automation, and kinds of beer produced in breweries. A brewery is typically divided into distinct sections, with each section reserved for one part of the brewing process. The Indian beer industry has been witnessing steady growth of 10 - 17% per year over the last ten years. The rate of growth has increased in recent years, with volumes passing 170m cases during the 2008-2009 financial year. With the average age of the population on the decrease and income levels on the increase, the popularity of beer in the country continues to rise.

RESOURCES:

Bihar is emerging as a brewery hub with major domestic and foreign firms setting up production units in the state due to availability of cheap labour and raw materials coupled with improved law and order and investment-friendly government policies. Beer consumption in domestic markets in Bihar has increased sharply in the last few years. Beer consumption in the state has risen 10 times in the past seven years. As per industry estimates, annual consumption is 700,000 cases. Nearly 70% of litchis manufactured in India come from Muzaffarpur and also the nearby districts. The firm is mulling to manufacture litchi-flavoured wine by mixing pulpy extracts of the fruit with various types of spirits.

GOVERNMENT POLICIES:

The brewing industry is subject to extensive government regulations at both the federal and state levels, as well as to regulation by a variety of local governments. Some of the regulations imposed at the federal and state level involve production, distribution, labelling, advertising, trade and pricing practices, credit, container characteristics, and alcoholic content. Federal, state and local governmental entities also levy various taxes, license fees and other similar charges and may require bonds to ensure compliance with applicable laws and regulations. Specific alcohol taxation (as opposed to more general sales taxes) is primarily a federal and state right although some states permit some additional local taxation. The brewing industry must also comply with numerous federal, state, and local environmental protection laws.

Waste Management: Project Opportunities in Bihar

PROFILE:

Waste management is the collection, transport, processing or disposal, managing and monitoring of waste materials. The term usually relates to materials produced by human activity, and the process is generally undertaken to reduce their effect on health, the environment or aesthetics. Waste management is a distinct practice from resource recovery which focuses on delaying the rate of consumption of natural resources. The management of wastes treats all materials as a single class, whether solid, liquid, gaseous or radioactive substances, and tried to reduce the harmful environmental impacts of each through different methods.

RESOURCES:

Bihar was the third most populated state of India with total population of 82,998,509. Bihar generates 2600 tonnes urban solid waste per day while Kahalgaon-based thermal power plant produces 36 lakh tonnes fly ash annually. Bihar generates 3800 kg biomedical waste per day. The civic authorities have determined that 14 lakh population of Patna accumulate 700 metric tonne of solid waste every day. The equipment for treatment of bio-medical waste of the city has been installed and commissioned at the Indira Gandhi Institute of Medical Sciences (IGIMS). In effect, Patna will be free from bio-medical waste that is littered along its various roads and lanes.

GOVERNMENT POLICIES:

The Central Government notified the Municipal Solid Wastes (Management & Handling) Rules 2000 under Sections 3, 6 and 25 of the Environment (Protection) Act 1986 for the purpose of managing municipal and urban wastes/garbage in an environmentally sound manner. Government of West Bengal are the nodal agencies for technical guidance and preparation of project report for the development of municipal solid waste management plan for the municipal authorities situated within Kolkata Metropolitan Area (KMA) and Non-KMA areas respectively. National policy on waste management is set out in the October 1998 policy statement on waste management- Changing our Ways. It outlines the Government's policy objectives in relation to waste management, and suggests some key issues and considerations that must be addressed to achieve these objectives. The policy is firmly grounded in an internationally recognised hierarchy of options, namely prevention, minimisation, reuse/recycling, and the environmentally sustainable disposal of waste which cannot be prevented or recovered.

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Production of Printed Circuit Board (PCB) Multilayer

Nearly a century ago, the PCB, or Printed Circuit Board, was conceived as a method to avoid these intricate wirings. Electric components on the PCB are connected via copper rails constructed by hand or designed in the computer using various methods. It also provides mechanical support and layer isolation for the components. Between two or more etched and laminated copper sheets on the PCB, a non-conductive substrate serves as an isolation layer. The most popular types of PCBs are single-layer, double-layer, and multi-layer. Any electronic or electrical device's foundation is the printed circuit board (PCB). A PCB connects electronic components such as resistors, capacitors, coils, pots, diodes, FETs, transistors, ICs, and transformers to make a complete electronic circuit. Electrical equipment in today's world would be impossible to imagine without a PCB. PCBs help to reduce the size and efficiency of electronic equipment by providing connectivity between electronic components. Printed circuit boards are divided into two categories: single layer PCBs and multi-layer PCBs. To mechanically support and electrically link electrical or electronic components, a printed circuit board (PCB) uses conductive rails, pads, and other features etched from one or more sheet layers of copper bonded onto and/or between sheet layers of a non-conductive substrate. To link components electrically and mechanically, they are frequently soldered to the PCB. The Printed Circuit Board market is estimated to grow at a CAGR of 5.3 percent from 2021 to 2026, reaching $72.3 billion. Printed circuit boards (PCBs) are the foundation of almost all modern electronic devices. Transistors, resistors, PLCs, electrolytic capacitors, and integrated circuits are all connected by printed paths on PCBs. The PCB is used in automotive applications such as power relays, antilock brake systems, digital displays, audio systems, engine timing systems, battery control systems, and more. Printed circuit boards are used in a variety of ways in the automotive industry, and they have changed the way people drive. The need for PCBs is increasing as more vehicle owners and drivers seek extra accessories. A automobile or truck's printed circuit board must be highly sturdy and reliable. Few Indian Major Players 1. Anand Electronics &Inds. Pvt. Ltd. 2. B L G Electronics Ltd. 3. Centum Electronics Ltd. 4. Epitome Components Pvt. Ltd. 5. Frontline Electronics Ltd. 6. Hi-Rel Components (India) Ltd. 7. Infopower Technologies Pvt. Ltd.
Plant capacity: Standard Printed Circuit Board (FR4, HDI, High-TG, Thick Copper and Halogen-free) 60Sq.Mt. Per DayPlant & machinery: Rs. 1258 Lakhs
Working capital: -T.C.I: Cost of Project: Rs. 1894 Lakhs
Return: 26.00%Break even: 50.00%
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Drinking Water with Packaging in Aluminium Beverage Cans (Mineral, Carbonated, Alkaline)

Water, which is a mixture of hydrogen and oxygen, is a priceless natural gift that is essential for the survival of both humans and animals. Contaminants should not be present in water that is used for drinking. Untreated water from wells, boreholes, and springs is frequently filthy and dangerous to drink. Purifying water and making it available in sanitary conditions for human use is thus both desirable and necessary. Drinking water is defined as water that is safe to drink or use for food preparation. Depending on physical activity, age, health-related illnesses, and environmental factors, the amount of drinking water required to keep healthy varies. In affluent countries, even though only a small portion of tap water is consumed or used in food preparation, it usually fulfils drinking water quality criteria. Laundry, toilets, and irrigation are other typical uses. The World Health Organization considers safe drinking water to be a basic human right. Mineral water is water that contains salts and sulphur compounds, among other minerals, and comes from a mineral spring. Depending on whether or not extra gases are present, mineral water is usually either still or sparkling (carbonated/effervescent). Mineral waters were traditionally utilised or sipped at spas, baths, or wells near their spring sources, a practise known as "taking the waters" or "taking the remedies." Carbonated water (also known as sparkling water, fizzy water, club soda, and water with gas) is water that contains dissolved carbon dioxide gas, either naturally or artificially pumped under pressure. Carbonation causes little bubbles to form, giving the water an effervescent appearance. Natural mineral water, club soda, and sparkling water from a bottle are all popular choices. Minerals like potassium bicarbonate, sodium bicarbonate, sodium citrate, and potassium sulphate are added to club soda and sparkling mineral water, as well as a variety of other sparkling beverages. From 2021 to 2028, the global bottled water market is expected to increase at a compound annual growth rate (CAGR) of 11.1 percent. Portability, ease of use and installation, and minimal maintenance costs will be key factors propelling the market in the coming years. Furthermore, rising consumer awareness of the health benefits of consuming bottled water is likely to drive market growth throughout the forecast period. Still and sparkling water, both plain and flavoured, have become extremely popular beverages on a global scale in recent years. This is a new megatrend that will likely gain traction in the next years. As people become more cognizant of their health, they are opting for packaged water and minimising their intake of sugary drinks. Still, bottled water usage has risen in food establishments and restaurants, fueling industry growth. Few Indian Major Players 1. Aradhana Snack Foods Co. Pvt. Ltd. 2. Bhagyalaxmi Mineral Water Pvt. Ltd. 3. Chouksey Agro Pvt. Ltd. 4. Geo Aquatech Ltd. 5. Himalayan Oasis & Beverages Pvt. Ltd. 6. Ice Berg Foods Ltd.
Plant capacity: Mineral Water 2,000 Cans Per Day Carbonated Water 2,000 Cans Per Day Alkaline Water 2,000 Cans Per DayPlant & machinery: Rs. 186 Lakhs
Working capital: -T.C.I: Cost of Project: Rs. 417 Lakhs
Return: 22.00%Break even: 61.00%
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Growing Demand of Rice Husk based Biodegradable Cutlery

People around the world have been early adopters of biodegradable cutlery, which has emerged as a preferable alternative to plastics. Plant biomass resources such as bagasse, rice husk, coconut coir, and others are being used to create environmentally friendly cutlery, tableware, and packaging products that are predicted to gain popularity in the coming decade. Rice husk is a surprising robust substance that can withstand a lot of wear and is long-lasting. Rice husk cutlery is one of the most durable biodegradable silverware options, withstanding temperatures of over 100 degrees Celsius without injury. The finish on this reusable tableware is smooth and shiny, and it's made entirely of natural wax. Knives, forks, chip forks, coffee stirrers, spoons, and teaspoons are all part of the Biodegradable Silverware collection of biodegradable silverware. The items, which come from well-known brands like Plastico and Vegware, are all food-grade and constructed of renewable resources. Biodegradable cutlery is made from a range of natural materials that are completely compostable and biodegradable, such as sugarcane bagasse, bamboo, paper pulp, palm leaves, agricultural waste, and other disposable materials (cornstarch-based PLA plastic is also a sustainable alternative but is not capable of breaking down on its own in normal conditions). • 100 percent environmentally friendly: Rice husk is a green and healthy alternative to disposable plastic cutlery because it is made from industrial waste and is biodegradable. • Fairly Durable and Reusable: Depending on temperature and upkeep, rice husk cutlery can last up to three years. As a result, these flatware pieces are ideal for parties, quick-service restaurants, and restaurants. • Heat and Cold Resistant: Rice husk cutlery does not melt when exposed to intense heat, unlike plastic silverware. This means they'll last longer than the disposable plastic ones. You can even warm them up in the microwave! • Perfect for Picnics, Travel, and Work: People can now enjoy their food without feeling guilty about using disposable flatware, which is perfect for picnics, travel, and work. Biodegradable cutlery has inspired a groundswell of interest among people all over the world due to compelling environmental concerns. To that end, biodegradable utensils are gaining popularity due to their increased durability over plastic cutlery, as well as the enormous environmental friendliness of biodegradable materials. Biodegradable cutlery constructed of plant-based materials, as well as biodegradable bio-plastics, have sparked widespread interest. Several countries have made concerted attempts over the years to promote awareness about the disposability of a variety of biodegradable cutlery items. In addition, the biodegradable cutlery industry has improved in terms of teaching end users on suitable processes and limits. The most popular materials used in eco-friendly cutlery are corn, areca leaves, bagasse, and rice husk. Over time, the remains of fast-growing trees have been employed. The global biodegradable cutlery market was worth USD 33.9 million in 2018, and it is predicted to grow at a 5.9% CAGR between 2019 and 2025. Market growth is expected to be boosted by rising public awareness of the detrimental impacts of non-biodegradable garbage. Non-biodegradable plastic has been outlawed by the government, with strict controls in place. Growth is likely to be fueled by government efforts that promote the business, as well as growing consumer awareness of the harmful implications of non-biodegradables.
Plant capacity: Biodegradable Cutlery (Per Set 6 Pcs. Flatware) 1,852 Sets per dayPlant & machinery: Rs. 29 Lakhs
Working capital: -T.C.I: Cost of Project: Rs. 135 Lakhs
Return: 26.00%Break even: 67.00%
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Residential Apartments

Residential apartments are a type of housing with a lot of room for expansion. The name "house" is a little misleading. The meaning of the word "same" has evolved over time and between countries. The Indian census of 1981 used the following definition. Distinct classes of individuals have different housing needs, which are dictated by the individual's financial and social standing. A affluent family, for example, may desire a magnificent structure, whilst a poor family may be content with a single room residence. A typical residential bungalow building has a drawing room, dining room, office, guest room, kitchen, store, pantry, dressing room, bathroom, front verandah, and stairs, among other features. Depending on the demands of many available, the number of rooms in other residences can be lowered. Flat Essentials – - 24-Hour Security – All security-related services should be provided to make life in a residential apartment safe. - Multi-level Parking - This decreases the amount of space needed in the park to park cars and other vehicles. - Central air conditioning - Depending on the project area's environment and weather, this may be available. The residential complexes, which are built on large lands and have a well-developed infrastructure to enhance living style, include power backup, the latest firefighting devices, auto door elevators, freight lifts, Earthquake resistant building, 24-hour water supply, and auto elevators. Suburbs have sprung up in recent years as a result of the city's growing population, housing shortages, and overcrowding. To alleviate the housing issue and provide a greater standard of living for all members of society, residential zones are now being developed. Residents who live in apartments have the feeling of living in the country while yet having access to all of the city's amenities. One of the key advantages of investing in these projects over investing in the city is the cheap cost of entry. The majority of projects are being constructed outside of the city centre, giving the developer a land cost advantage. These are considered a low-risk investment with a larger upside potential due to their diversification and low entry cost. Few Indian Major Players 1. A S V Constructions Pvt. Ltd. 2. B Engineers & Builders Ltd. 3. Cybercity Builders & Developers Pvt. Ltd. 4. D L F Builders & Developers Pvt. Ltd. 5. Era Housing & Developers (India) Ltd. 6. Futuretech Constructions & Precast Pvt. Ltd. 7. G K S Housing Ltd. 8. International Biotech Park Ltd.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: Cost of Project: Rs. 13771 Cr.
Return: 8.94%Break even: 0.89%
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Production Business of Ethanol from Maize

Ethanol is frequently manufactured via fermentation from biological feedstocks. Throughout these processes, monosaccharides are fermented to ethanol by yeast or bacteria. Carbohydrate-containing feedstocks that create monosaccharides for fermentation include corn grain, sugarcane, wheat, sugar beet, and other biomass. Ethanol, usually referred to as ethyl alcohol, drinking alcohol, or grain alcohol, is a colourless, flammable, and mildly toxic chemical compound present in alcoholic beverages. In ordinary speech, it is frequently referred to as "alcohol." Its chemical formula, as well as its empiric name, include EtOH, CH3CH2OH, and C2H5OH. Since prehistoric times, carbohydrates have been fermented to make ethanol. This method still produces all of the ethanol for drinking and more than half of the ethanol used in industry. Simple sugars are the raw material. Simple carbohydrates are converted to ethanol and carbon dioxide by the yeast enzyme zymase. Alcoholic liquids such as beer, wine, and spirits contain ethanol when diluted. It is used as a topical ingredient in pharmaceutical preparations (such as rubbing compounds, lotions, tonics, and colognes), cosmetics, and perfumes to prevent skin infections. Ethanol is used in fuels labelled as ethanol blended fuels as an industrial solvent for fats, oils, waxes, resins, and hydrocarbons. It is used to make a variety of chemical compounds, lacquers, plastics and plasticizers, rubber and rubber accelerators, aerosols, mouthwash products, soaps and cleaning preparations, polishes, surface coatings, dyes, inks, adhesives, preservatives, pesticides, explosives, petrol additives/substitutes, elastomers, antifreeze, yeast growth medium, human and veterinary medicines, and dehydrating agents. One of the most promising ethanol crops is maize. It generates maize grain, which is then converted to ethanol. Maize ethanol holds potential not only in terms of converting the grain to ethanol, but also in terms of applying cellulose conversion technology on the pericarp that covers the grain. Pretreatment and hydrolysis of cellulose allow cellulose conversion to be extended to other parts of the maize plant, such as corn Stover (cobs, stalks, and leaves). Significant increases in ethanol yield per acre of corn produced can be achieved if biomass from maize residue is utilised for ethanol production. To solve this difficulty, a quantitative analysis of mass balance was carried out. Corn cobs, stalks, and leaves can be converted to fermentable sugars using cellulose processing technology, which comprises pretreatment, hydrolysis, and fermentation with yeast or other microbes. Unlike grain-based feedstocks, cellulose-based ethanol requires microorganisms capable of producing ethanol from both glucose and xylose. Corn grain has a lot of starch, which following pretreatment (heating in water) and hydrolysis quickly breaks down into monosaccharides. Cecanis, a distinct form of glucanis, can also be found in the cob, stem, and leaves. The India ethanol market is predicted to grow from $ 2.50 billion in 2018 to $ 7.38 billion by 2024, with a CAGR of 14.50 percent from 2019 to 2024, owing to growing ethanol usage in sectors such as fuel additives and drinks. Ethanol is a common alcoholic beverage that comes in many different forms, including beer, cider, wine, spirits, and ale. The Indian government is pushing sugar producers in India to generate ethanol for Oil Marketing Companies in an attempt to reduce the country's reliance on imported crude oil (OMCs). Ethanol production will likely increase three to fivefold in the future to meet demand for its 20% Fuel Blending Program (FBP). Factors like as rising alcohol use, changing lifestyles, and the growing influence of western culture are projected to drive ethanol demand in the country. Few Indian Major Players 1. A K C Developers Ltd 2. Bharat Renewable Energy Ltd. 3. Costal Energy Ltd. 4. First Energy Pvt. Ltd. 5. K B K Chem-Engineering Pvt. Ltd. 6. P S A Nitrogen Ltd. 7. Rattan Industries Ltd.
Plant capacity: Ethanol 60 KLtrs per day Plant & machinery: Rs. 49 Cr.
Working capital: -T.C.I: Cost of Project: Rs. 80 Cr.
Return: 24.00%Break even: 48.00%
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Haemodialysis Solution B.P. and Erilite-Bicarb(Part-B)

When a person's kidneys aren't working properly, haemodialysis, often known as hemodialysis or simply dialysis, is used to clear their blood. This form of dialysis achieves the extracorporeal elimination of waste products such as creatinine and urea as well as free water from the blood when the kidneys are in a state of renal failure. Hemodialysis is one of three renal replacement therapies. Apheresis is a method for separating blood components such as plasma or cells outside of the body. The kidneys are responsible for filtering the blood and removing waste and excess fluid. Hemodialysis is a process that employs a machine to replace some of the functions of your kidneys if they have failed. Outpatient haemodialysis and inpatient haemodialysis are both options. Routine hemodialysis is done in a dialysis outpatient facility, which can be a standalone clinic or a specially designed unit within a hospital. Home haemodialysis is a less popular method of dialysis. At a clinic, dialysis treatments are initiated and managed by specialised staff made up of nurses and technicians; at home, dialysis treatments can be self-initiated and managed or done jointly with the support of a qualified helper, who is often a family member. A dry powdered Bicarb (Part-B) dry Bicarbonate concentration is available in India. To improve bicarbonate diffusion and act as a pH buffer to neutralise metabolic acidosis, which is common in these patients, bicarbonate levels in dialysis solutions are somewhat higher than normal blood levels. For patients who require dialysis on a short-term basis, as well as those patients who require maintenance dialysis, haemodialysis is the chosen renal replacement therapy. It removes solutes effectively and quickly. A nephrologist (a medical kidney specialist) makes the decision whether hemodialysis is required, as well as the numerous factors for dialysis treatment. The number of treatments per week, the length of each treatment, the flow rates of blood and dialysis solution, and the dialyzer size are all considerations to consider. The levels of sodium, potassium, and bicarbonate in the dialysis solution are occasionally changed. Haemodialysis can be performed in a hospital, at home, or in a dialysis machine that stands alone (also known as satellite units). In hospitals and satellite units, nurses and dialysis aides assist with treatment; at home, you or someone else must learn how to operate the equipment. Although one may feel fatigued after a dialysis session, because haemodialysis is only done three times a week, the days in between may allow for some regular activity, however dietary and fluid restrictions are usually required. Few Indian Major Players 1. Baxter Pharmaceuticals India Pvt. Ltd. 2. Fresenius Kabi India Pvt. Ltd. 3. Medtronic Engineering & Innovation Center Pvt. Ltd. 4. Poly Medicure Ltd.
Plant capacity: Haemodialysis Solution B.P. Grade 2,000 Units Per Day Erilite-Bicarb (Part-B) each Pack 4.063 Kgs 40 Units Per DayPlant & machinery: Rs. 25 Lakhs
Working capital: -T.C.I: Cost of Project: Rs. 153 Lakhs
Return: 29.00%Break even: 61.00%
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Manufacturing Industry of Collagen Powder

Collagen is the most abundant protein in human bodies, accounting for around one-third of all protein. It's found in bones, skin, muscles, tendons, and ligaments, among other places. Collagen is found in a variety of biological structures, including blood vessels, corneas, and teeth. It functions as the "glue" that holds everything together. The word "kolla" comes from the Greek word "kolla," which literally means "glue." Collagen is a fibrous protein that is found in the majority of connective tissue in animals, including tendons, cartilage, bones, teeth, skin, and blood vessels. Collagen is a high-value substance generated from waste source materials like unused mammalian skins. It is usually used as a structural protein to provide biological structures strength, although it has a variety of activities depending on where it is located in the body. These days, collagen supplements come in a variety of formats. They may be given in tablet or powder form, depending on the preferences of the customer. Collagen can be derived from a number of different sources. It comprises both animal-derived and vegetarian collagen (animal parts, fish scales, bones, skin, and so on) (produced from genetically engineered yeast and bacteria). Collagen powder has a variety of uses and benefits, including the following: - Brain and Memory Support - Marine collagen has been discovered to include around 20 amino acid peptides, as well as many minerals, that aid in brain and memory support. Arginine, glycine, methionine, threonine, tyrosine, and tryptophan are amino acids that help improve human neurological processes. - Antioxidant Function - Antioxidants included in marine collagen help to reduce inflammation. - Regeneration and Tissue Engineering - Salmon skin collagen works as a scaffold for bone regeneration when combined with hydroxyapatite. Collagen supplements are dietary supplements used to supplement a collagen-deficient diet. They're mostly comprised of bones and skin from animals and fish. Pills, candy, powder, and liquids are just a few of the various options. Collagen supplements are available all around the world and do not require a prescription from a doctor. Collagen supplements are popular among bodybuilders and regular exercisers since they help to maintain skin and bone health. The market is expected to be valued USD 8.67 billion in 2021. The global collagen market is expected to develop at a compound annual growth rate of 9.0 percent from 2020 to 2028, reaching USD 16.7 billion. A multitude of health and beauty benefits associated to collagen supplement use have fueled the growth of the collagen supplement industry. Collagen supplements, for example, promote skin health by reducing dryness and wrinkles. It also aids in muscular development, bone health, and joint pain relief. Few Indian Major Players 1. Baxter Pharmaceuticals India Pvt. Ltd. 2. Fresenius Kabi India Pvt. Ltd. 3. Medtronic Engineering & Innovation Center Pvt. Ltd. 4. Poly Medicure Ltd.
Plant capacity: Collagen Powder 500 Kg. Per DayPlant & machinery: Rs. 1178 Lakhs
Working capital: -T.C.I: Cost of Project: Rs. 1935 Lakhs
Return: 28.00%Break even: 53.00%
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Business Plan for Starting Animal Feed Production (Cattle, Poultry Broiler, Pig & Fish Feed). Rising Demand of Livestock Feed Business.

Animal feed is food given to domestic animals, especially livestock, in the course of animal husbandry. There are two basic types: fodder and forage. Used alone, the word feed more often refers to fodder. Animal feed is an important input to animal agriculture, and is frequently the main cost of the raising animals. Farms typically try to reduce cost for this food, by growing their own, grazing animals, or supplementing expensive feeds with substitutes, such as food waste like spent grain from beer brewing. Animals in general require the same nutrients as humans. Some feeds, such as pasture grasses, hay and silage crops, and certain cereal grains, are grown specifically for animals. Other feeds, such as sugar beet pulp, brewers’ grains, and pineapple bran, are by-products that remain after a food crop has been processed for human use. Surplus food crops, such as wheat, other cereals, fruits, vegetables, and roots, may also be fed to animals. Feeding livestock is an important part of modern agricultural production. In addition to providing a supply of high-quality protein for human consumption, livestock provide services in reducing erosion and soil compaction caused by overgrazing and in nutrient cycling. However, crop yields are much lower when nutrients from manure are recycled through crops because crops also use nitrogen from soil organic matter that has accumulated due to recycling. This means that fields must be fertilized with mineral fertilizer which loses its efficacy after several years. Because of these concerns about mineral fertilizer overuse, it may be more efficient to produce livestock products than plant products for human consumption. In general though animal feed will consist of four main ingredients: protein-rich components such as oil seeds or soybeans; carbohydrate-rich components such as maize or barley; fibre sources such as wheat bran or cassava root; and roughage in the form of hay, silage or straw. The animal feed market is projected to grow at a CAGR of 4.90% to reach US$460.322 billion by 2026, from US$345.434 billion in 2020. Animal feeds are referred to as those products which are responsible for improving animals’ health. The feed is given in various doses depending on the animal. Rapid urbanization and growing consumption of meat and other end products such as milk and eggs across different regions are driving the animal feed market growth opportunities during the forecast period. The feed helps in enhancing the animal's abilities by providing enriched nutrients along with the feedstuff, accelerating growth and weight gain, and developing immunity. Outbursts of diseases in animals are a major factor contributing to the increasing adoption of animal feed as it enhances the health of the animals and in proper regulation of the food chain. High growth in the animal feed market is aided by the growth strategies of major players in the form of expansions and investments, which also helps in enhancing the product portfolio and reaching out to new target markets. Furthermore, the growing livestock population along with the shift from unorganized livestock farming to the organized sector is further expected to propel the market growth opportunities in the coming years. However, the high price volatility of raw materials is expected to hinder the growth of the market during the forecast period.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Investment Opportunities in Production Business of Solar Inverter. Fastest-Growing Industry of Renewable Energy.

Solar sine wave inverters are an electronic device for converting direct current (DC) from a solar array into alternating current (AC) which can be used in homes and business. A photovoltaic panel is a series of solar cells that generate DC power directly from sunlight. DC power is then converted into AC using a sine wave inverter, usually mounted on or near to your electrical breaker box. These sine wave inverters vary in sizes from 50W to over 1KW and above. For example, 100 KVA-1000 KVA of size is generally used in large scale Solar Power Plants while 50W-200W would be good enough for residential systems of average house hold needs. A solar sine wave inverter is a device that converts Direct Current (DC) to Alternating Current (AC), thereby permitting utilization of solar energy in homes, industries and power grids. Solar sine wave inverters have been specifically designed to be installed with all types of photovoltaic panels. Apart from being a green technology, these inverters also feature zero emissions and a much longer lifespan than traditional electricity generating devices. There are several advantages of using solar sine wave inverters in your commercial or industrial setup. A sine wave inverter converts direct current (DC) from a solar panel to alternating current (AC). Direct current is used to charge batteries, but for use in your home or business, you need an AC generator. A sine wave inverter makes it possible for DC power from a solar electric system to be converted into AC power that can be used in a home or business. The global Solar Inverter market size is projected to reach USD 26650 million by 2026, from USD 14600 million in 2019, at a CAGR of 8.9% during 2021-2026. Major factors driving the growth of Solar inverter market size are large inflow of investments in the renewable energy sector, increase in favorable government initiatives and rise in the number of residential solar rooftop installations. Growing demand for renewable energy due to an increase in power consumption along with a decline in the cost of producing renewable energy is expected to drive the growth of solar inverter market size during the forecast period. The cost of producing renewable energy has undergone a very steep decline and is now competitive in meeting the increasing power need. Favorable government initiatives like energy-saving certificates are expected to augment the growth of solar inverter market size. Furthermore, governments across the globe are concentrating on infrastructure growth in their countries to boost the quality of life of their people. The use of solar inverters is further promoted by the growing impact of greenhouse gases and rising environmental problems. Increasing awareness about global warming is expected to boost the solar inverter market growth. Some initiatives by Government of India to boost India’s renewable energy sector are as follows: • In July 2021, to encourage rooftop solar (RTS) throughout the country, notably in rural regions, the Ministry of New and Renewable Energy plans to undertake Rooftop Solar Programme Phase II, which aims to install RTS capacity of 4,000 MW in the residential sector by 2022 with a provision of subsidy. • To encourage domestic production, customs duty on solar inverters has been increased from 5% to 20%, and on solar lanterns from 5% to 15%. • India plans to add 30 GW of renewable energy capacity along a desert on its western border such as Gujarat and Rajasthan. • Delhi Government decided to shut down thermal power plant in Rajghat and develop it into 5,000 KW solar park • The Government of India has announced plans to implement a US$ 238 million National Mission on advanced ultra-supercritical technologies for cleaner coal utilization. Key Players: • ABB • SMA Solar Technology • Canadian Solar • SolarEdge Technologies • SunPower • Delta Electronics • Solectria Renewables • Sineng Electric • Hitachi Hi-Rel Power Electronics • Power electronics
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Soap Manufacturing Business | Startup Plan on Liquid Hand Soap, Foam & Bath Soap

Liquid hand soap and foam soap differ from traditional bar soaps in that they usually come as a liquid or a creamy solution. They typically contain a combination of plant-based and synthetic detergents that come together to effectively remove dirt and germs. These can be either antibacterial or non-antibacterial. Manufacturers also use their own proprietary formulas to produce effective foaming agents. Bath soap is made using similar ingredients as those found in liquid hand soaps and foam soaps. Like them, it is non-irritating, pH balanced and leaves behind a pleasant fragrance after use. Start a Business in Surfactants Industry, Click Here Uses Body soap is an alkaline cleanser used for cleaning. Most soaps are made from oils or fats; these ingredients react with an alkali to form a salt and water when mixed together in a solution. Additional oils or fats can be added to alter its characteristics and final appearance. This type of soap is a common ingredient in liquid hand soap, foam and bath soap. Watch Video: Soap Manufacturing Business Plan | Liquid Hand Soap, Foam & Bath Soap It is helpful in protecting your skin from diseases like eczema, fungal infections and dry skin. It has antibacterial properties that protect you from infections which can be caused by harmful bacteria. They cleanses hands and other body parts thoroughly. It is used in residential as well as commercial places for hand wash and bathing purposes respectively. Since these products are made from mild and natural ingredients; they don’t react with chemicals present in water hence it does not harm our skin or affect its pH levels. Also, liquid soap is more hygienic than bar soaps because we can easily control how much soap to use on our hands or when we bathe. All these points make them indispensable for households and offices alike. They come in various sizes, shapes and fragrances, being available at a range of prices too. Related Project Report: Production of Liquid Hand Soap, Foam & Bath Soap Manufacturing Process Start with saponification of oils or fats. The glycerol obtained in soap making is used as a non-food product in products such as detergents and cosmetics. Animal fat sources such as lard and tallow are processed by rendering to obtain glycerol for use in a wide variety of consumer and industrial products. Fats from plant sources, including coconut oil and palm oil are processed similarly for use in many different consumer applications including soaps and biodiesel. Glycerol from all these sources is typically derived using one of three processes: wet chemical (lye) method, dry method, or alcohol method. Read our Books Here: Soaps, Detergents, Acid Slurry, Cleaners, Toiletries, Washing Powder, Cake (Bar), Laundry Care, Fabric Wash, Household Detergent, Industrial Detergents, Synthetic Detergent, Toilet Soap, Liquid Soap, Depilatories, Surfactants, Disinfectants Manufacturing Wet chemical process utilizes potassium hydroxide as an alkali agent for saponification, whereas dry process uses sodium hydroxide to make fatty acids into soaps. In alcohol processing, vegetable oils are mixed with methanol and subjected to ultrasonic energy until all molecules split into their constituent parts: glycerol and fatty acids. Some soaps are made by reacting sulfuric acid with rendered animal fat. Watch other Informative Videos: Soap, Detergents, Surfactants, Cleaners, Cleaning Powder, Laundry Care, fabric care and wash, Household and Industrial Detergents These reactions yield glycerols, which can be converted into a number of useful derivatives; soap has been traditionally used both personally and commercially as an emulsifying agent that assists in removing dirt and grease from skin or hair when combined with water. Saponified olive oil differs markedly from castile soap. Castile soap is almost pure sodium oleate (and has relatively little natural glycerin left); it was originally made by boiling beef or mutton fat with a strongly alkaline solution derived from hardwood ashes. Related Feasibility Study Reports: Soap, Detergents, Surfactants, Cleaners, Cleaning Powder, Laundry Care, fabric care and wash, Household and Industrial Detergents, Washing and Toilet, Liquid Soaps, Liquid Detergents, Acid Slurry Saponified olive oil contains significant amounts of stearic acid and oleic acid. By contrast, most commercial liquid hand soaps contain synthetic detergents like alkylbenzenesulfonates, linear alkylbenzenesulfonates and alcohol ethoxylates—all complex mixtures which vary depending on manufacturer. Most household cleaning products are made with similar ingredients—alkyl sulfate, linear alkylbenzenesulfonates or other petrochemical compounds, denatured alcohols and perfume oils. Start a Business in India Market Outlook: Global Liquid Hand Soap Market size is estimated to grow at over 12.0 % CAGR between 2020 and 2027. Increasing consumer awareness towards safety and hygiene as bacteria’s and germs are the major cause of spread of diseases will drive the product demand. In addition, growing consumer spending on personal hygiene is expected to promote the products. Start a Business in Potential Countries for Doing Business Rising spread of various disease among human, especially after the outbreak of covid-19 all over the worldwide led to increase in the demand for liquid hand soaps in numerous sectors includes hospitals, malls, offices, restaurants, and many others. Additionally, the government recommendation to prevent the spread of coronavirus such as issued recommendation for maintaining hand hygiene, which includes frequent handwashing, also support the rising demand for liquid hand soaps in the global market. Also, the bath soap market is further expected to grow at a CAGR of 5% between 2021 and 2026 to reach a value of almost USD 27.5 billion. Best Industry for Doing Business The Asia Pacific is the largest regional market, accounting for almost 40% of the industry. The industry in the Asia Pacific is being aided by the large population of the region. Asia accounts for almost 60% of the global population, with China and India being the most populous countries. The growing population in India is expected to drive the growth of the bath soap industry. The industry in the region is also being aided by the increasing penetration of the industry and the growing adoption of soap. Its large retail industry is also projected to propel the industry further. The country is the fourth largest retail market, globally and the third largest in Asia. See More Links: Looking for Most Demandable Business Ideas for Startups Business Ideas with Low, Medium & High Investment Start a Business in Africa Start a Business in Middle East Start a Business in Asia Related Videos Related Books Related Projects Related Market Research Reports
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: 1
Return: 1.00%Break even: N/A
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