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

Reasons to Start a Business in Cameroon

Cameroon is one of the most stable and democratic nations in Africa. It's also a developing market with plenty of space for expansion, so it's not surprising that more people are setting up enterprises in Cameroon. You could desire to start a business in Cameroon for a variety of reasons:

1) The population is youthful (median age of 19), which means your company has the opportunity to grow alongside them.

2) English is widely spoken in Cameroon, making doing business here easier for entrepreneurs from other African countries.

3) Cameroon has made strides in recent years to improve its infrastructure, such as by developing roads and trains, making doing business easier than ever before.

4) Cameroon's political situation is stable;

 

What are the Natural Resources in Cameroon?

Cameroon's natural resources are diversified. Petroleum, iron ore, manganese, limestone, marble, and uranium are among them. Cameroon has become one of Africa's wealthiest countries, second only to South Africa. Gold, copper, zinc, and bauxite are also major minerals. Cameroon's most valuable export commodity is petroleum, which is also utilised as a domestic fuel. Iron ore has traditionally been shipped to France for processing before being used in French steel mills; but, due to recent high global steel prices, direct shipping from Cameroon is being considered.


What are the Business Opportunities in Cameroon?

The business opportunities in Cameroon are vast and diverse. It has risen at a compound annual rate of 6% since 1994, making it one of Africa's greatest economies. It has abundant natural resources, particularly petroleum, which provide for 80% of export earnings and 40% of government revenue. Food and beverage, textiles and footwear, chemicals, metal goods, base metals/alloys, and ceramics/glassware are among the non-petroleum industries that are diversified and increasing steadily. These non-oil industries get more than half of all foreign investment. Cameroon's investment climate is also quite favourable, as its laws protect investors and there are no restrictions on profit or capital repatriation.

 

What Businesses are successful in Cameroon?

This response will vary depending on your field of expertise, but here are some common topics of interest: Agribusiness, oil and gas, and financial services are all examples of industries. The country's rapid economic growth has resulted in numerous new business prospects in a variety of industries. Many foreign investors are drawn to Cameroon because of its location in Central Africa, which has grown increasingly important as a trading corridor. Cameroon is one of Africa's fastest-growing economies, thanks to its relatively stable political situation. It also rates well for ease of doing business (46th out of 189 nations), according to World Bank data.

 

Is Cameroon Good for Business?

You can save time and money by determining whether a country is suitable for your type of business. The infrastructure, personnel, and political structure of a country all have an impact on your new business, according to experts. We've prepared some useful facts about doing business in Africa's 54th largest economy to help you decide whether Cameroon is suited for you. In particular, how simple it is to get started, as well as characteristics such as internet speed and mobile connectivity - all important factors that will influence your capacity to run a successful business.

It's important to remember that beginning a business is difficult no matter where you are in the world, so don't become disheartened if you run into difficulties.

 

Starting costs are low-According to Doing Business 2018, forming a new company in Cameroon takes only $3,871 and five days on average. In 2017, it cost $4,082 and took six days. You'll be able to take advantage of tax benefits designed to stimulate investment in small enterprises, in addition to being simple to set up. Companies having an annual sales of less than 10 million CFA francs (about US$20,000) can, for example, benefit from a 50% corporate tax cut for the first three years of existence. Furthermore, gains are tax-free until your income reaches at least 20 million CFA francs ($40k). Aside from these advantages, it's worth noting that Cameroon boasts a number of free trade zones. Investors who seek to import equipment or raw materials without paying import charges are given favourable consideration.

 

There are plenty of opportunities-Despite the fact that Cameroon does not have one of Africa's largest economies, it nevertheless has lots of business potential, especially given its population of 23 million people. ExxonMobil, Nestlé, and Procter & Gamble are among the country's numerous significant multinational firms, all of which are eager to tap into West Africa's booming consumer markets.

Business-Friendly Policies and Government Initiatives;

Cameroon has become one of Africa's most open and free-market economies as a result of its 2013 law reforms. According to the World Bank Group's 2018 Ease of Doing Business Index, it is presently ranked 10th out of 189 nations for ease of doing business. Foreign investors are no longer required to form joint ventures with local enterprises; they can start their own businesses without government approval. Foreign investment quotas are no longer in place. The administration also simplified and transparentized the tax code. The country's overall tax rate is only 35%, which includes corporate income taxes, value-added taxes (VAT), and import levies.

 

Cameroon Industrial Infrastructure

Major population centres are connected by highways and air travel. The Trans-Gabon Railway connects ports, mines, and oil fields in Gabon. This year saw significant construction on new railway lines connecting Douala, Edea, and Ngaoundere to Yaoundé, as well as work on old lines being rehabilitated. For the export of timber, a new railroad line is being built from Betare Oya to Kribi. The country's road network spans over 50,000 kilometres (31,000 miles), with 4,500 kilometres (2,800 miles) of paved highways. Most major roads are two lanes wide, however due to a lack of financing, most routes remain unpaved. Domestic flights inside Cameroon and international flights to neighbouring countries such as Nigeria are served by three international airports located in Douala (the main city), Yaounde, and Garoua.Investors who seek to import equipment or raw materials without paying import charges are given favourable consideration.

Getting Your Documents in Order Getting Your Documentation in Order: When you want to start your own business, the first step is to have your documents in order. It's critical to set up all of your legal documents as soon as you start working on your firm, including creating an account with the tax office (the Agency National de Recouvrement des Cotisations et Impôts) and registering your company with the appropriate authorities. You may complete both tasks online, so it won't take long

Registering a Trademark Another thing you should do right away is register your new company's trademark. This will both prevent your name from being used by others and grant you exclusive rights to use it. It will also enable you to expand abroad without worrying about trademark concerns in other countries or areas.

 

Industrial Growth Cameroon

Natural resources, such as oil, agriculture, and minerals, abound throughout the country. It's no surprise, then, that Cameroon's manufacturing industry is booming. Manufacturing has grown to be one of Cameroon's main industries, employing around 160,000 people, according to a recent research by Ernst & Young (4 per cent of its labour force). Cameroon has a lot of promise for automobile production and investment in manufacturing, according to Ernst & Young's Africa attractiveness assessment, because labour costs are low yet skills are good. Textiles, leather goods, food processing, and beverages are the primary areas where growth is projected.

Cameroon also has a number of key advantages when it comes to attracting foreign direct investment (FDI):

1It is Francophone;

2) It has a well-developed infrastructure;

3) Its economy is open; and

4) It offers a variety of services.Investors who seek to import equipment or raw materials without paying import charges are given favourable consideration.

 

Market Size Cameroon

Cameroon has had a constant growth rate; the country has a population of 10.5 million people and is categorised as a low-income country. The GDP per capita is expected to be $1,520, and there are business prospects in all sectors of the economy. It imports a wide range of items from other countries, including automobiles, electronics, machinery, chemicals, and mining equipment. However, growth has been modest during the last 20 years. Cameroon's gross domestic product (GDP) dropped in 2017, according to IMF figures, but is predicted to return in 2021, with 3.4 percent growth projected. Because the Central African Franc is pegged to the Euro, inflation has been moderate throughout the same time period. Despite being a member of the Economic and Monetary Community of Central Africa (CEMAC), Cameroon has little trade with Chad and Equatorial Guinea.

We can provide you detailed project reports on the following topics. Please select the projects of your interests.

Each detailed project reports cover all the aspects of business, from analysing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. The scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet etc.

We also offer self-contained Pre-Investment and Pre-Feasibility Studies, Market Surveys and Studies, Preparation of Techno-Economic Feasibility Reports, Identification and Selection of Plant and Machinery, Manufacturing Process and or Equipment required, General Guidance, Technical and Commercial Counseling for setting up new industrial projects on the following topics.

Many of the engineers, project consultant & industrial consultancy firms in India and worldwide use our project reports as one of the input in doing their analysis.

We can modify the project capacity and project cost as per your requirement.
We can also prepare project report on any subject as per your requirement.

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TEA PROCESSING AND PACKAGING - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

Tea is one of the most popular beverages and is consumed by nearly half of the world population. Tea growing & processing is one of the major plantation based industries in India & plays a vital role in India’s economy. It is the largest employer of organised labour in private sector. More than one million people are directly employed by the industry & ten million indirectly. Tea is used in most parts of the world by income group of people. This is a consumer item used in homes, hotels, restaurants, canteens, tea stalls etc. Packed tea is protected against weather changes & also against any type of contamination which might determine the tea quality making it hygienic. A new entrepreneur can well venture into this field.
Plant capacity: 1 MT / DayPlant & machinery: 17 Lakh
Working capital: -T.C.I: 125 Lakh
Return: 48.00%Break even: 48.00%
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Refined oil (Cotton seed, Ground Nut Oil & Sunflower Oil)- Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Plant Layout

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Plant capacity: 12 Ton/DayPlant & machinery: Rs. 31 Lakhs
Working capital: -T.C.I: Rs. 353 Lakhs
Return: 51.00%Break even: 36.00%
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INSTANT TEA - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics

Instant tea is manufactured in a several countries but production and consumption in the United States is greater than in the rest of the world. The basic process for manufacture of instant tea as a soluble powder from dry tea leaf includes extraction, concentration and drying. It is an important fact to note here that the annual per capita consumption of tea in India is 0.5 kg. It is most widely used or consumed all over world. It is drunk by all classes of persons, whether labour or executives, housewife’s or working women, children or old persons. We can see tea stall at every place. At preset time, we cannot simply search out a person, who does not take tea. India is the leading producer of tea in the world. It claims 25 to 30% of the total production of tea in the world and almost 20 to 25% of the world exports. At present India claims 12% share in world exports in terms of value. Any entrepreneur may go into this field, will be successful.
Plant capacity: 1.00 MT / DayPlant & machinery: 134 Lakh
Working capital: -T.C.I: 310 Lakh
Return: 39.00%Break even: 41.00%
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FOOD PROCESSING UNIT (PULSES & DATES)- Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

The food processing industry has been identified as a thrust area for development. This industry is included in the priority-lending sector. India produces over 200 million tonnes of food grain and 13 million tonnes of fruits and vegetables. There is great scope for domestic and export trade by improving the post-harvest distribution and processing facilities of highly perishable horticultural commodities. Pulses are rich in proteins and are mainly consumed in the form of dehusked split pulses. Various preparations are made from its flour, e.g. papad, bariyan, dosa etc. Date is one of the most important fruits of the desert. It contains fructose sugar as one of the carbohydrates, protein, mineral, vitamin etc. The demand for pulses is increasing day-by-day. The country consumed 15-16 million tonnes of pulses has stagnated at 11-13 million tonnes for the last five years. In spite of being the largest producer, India continues to import pulses to bridge the demand-supply gap. A new entrepreneur can confidently venture into this field.
Plant capacity: 12 MT / DayPlant & machinery: 26 Lakhs
Working capital: -T.C.I: 406 Lakhs
Return: 47.00%Break even: 39.00%
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EUCALYPTUS OIL - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economic

Eucalyptus oil is obtained by the distillation of leaves and terminal branch lets of Eucalyptus globulies (Blue Gum Tree). The oils obtained by the steam distillation of leaves and terminal branches of various species are distinctive in character. Australia is the largest producer of eucalyptus oils. About two thirds of the worlds supply of medicinal oil and third of industrial oil come from that country. The oil is used mainly for medicinal purposes. It is used as an antiseptic and deodorant. It is inhaled to relieve cough in chronic brachiates, asthama, catarchal colds and to prevent infections. The oil is also used for scenting soaps. The main use of Eucalyptus oils for industrial purposes are as disinfectants and deodorants. Australia has prominent position as the main supplier of Eucalyptus oil is now being challenged by Spain and Portugal, which countries are steadily increasing their supplies of oil. There is a good scope to invest into this project.
Plant capacity: 100 Kgs. / DayPlant & machinery: 12 Lakhs
Working capital: -T.C.I: 61 Lakhs
Return: 45.00%Break even: 46.00%
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Poultry & Broiler Farming - Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics

Poultry industry has made tremendous progress through improvement in genetics, management and nutrition, for obtaining maximum growth in broilers and egg production in layers. In case of broiler the nutrients are utilized for the maintenance of body and also to obtain maximum growth through proper digestion, absorption and assimilation of nutrients. In poultry farm broilers and layers are grown up, which are used for meat purpose and layers for production of egg purpose. The poultry industry supplies a considerable proportion of the world’s protein requirements. It has undergone tremendous growth during the past two decades in many parts of the world. In all ways more is known about the nutrition of the broiler chicken than any other type of chicken. In the race for rapid growth and top feed conversion scientists have spent countless number of years developing feed formulae that will eventually give rapid and economical gains in the broiler house. A new entrepreneur can confidently venture into this field.
Plant capacity: 15,000 Broilers/Annum, 4 Lakh Eggs/Annum, 5000 Birds/AnnumPlant & machinery: 2 Lakh
Working capital: -T.C.I: 29 Lakh
Return: 43.00%Break even: 43.00%
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Dairy Agro Farming (Cow, Goat & Broiler Farm) - Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Feasibility Study, Investment Opportunities, Cost and Revenue

Dairy agro farming industry including goat farming and poultry farming is a profitable item. It is also very good art and management policy to maintain farm house in such way that there is farming of cows, goats and poultry. There is requirement of smaller capital in case of goat farming and poultry farming but in case of dairy industry capital requirement is too high. Milk is an important human food. It is palatable, easy to digest and highly nutritive. It contains proteins, fat, sugar, minerals and a liberal quantity of different kinds of vitamins. Broiler is easily digestible by human body, after digestion it forms nitrogen compound and adsorbs by the body to form the body. Today almost 300 dairies are working of which 30% are public sector dairies, 55% are co-operative sector dairies and 15% are private sector dairies. According to the industry sources, the demand for butter, cheese, khoya, paneer, condensed milk and milk powder is increasing at a rate varying 12% to 20%. There is a bright scope for starting new units in this field.
Plant capacity: 200 Ltrs/Day Cow Milk, 400 Ltrs/Day Goat Milk, 50 Kg/Day Goat Meat, 100 Kg/Day Broiler Meat, 750 Nos./Day EggsPlant & machinery: 7 Lakh
Working capital: -T.C.I: 35 Lakh
Return: 21.00%Break even: 70.00%
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VACUUM DISTILLATION OF CRUDE COAL TAR SPECIFICALLY CREOSOTE OIL - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study

For vacuum distillation of crude coal tar, the crude coal tar is produced from coke ovens of steel plant, 50% of this crude coal tar is pitch. The crude coal tar is then taken to vacuum distillation columns for fractionating into various components. Coal tar is produced by the dry distillation of coal and is therefore a by product in the manufacture of coal gas. Coal tar pitch serves as a valuable ingredient in the production of a number of water proofing, protective and binding compounds employed in the masonry, steel and timber structures. The aluminium industry of the world depends heavily on electrodes made from petroleum coke, pitch coke and pitch. In view of the versatile field application of coal tar distillation products, this industry is giving eminence and a having very good prospects. The result of this differential rate of growth of supply and market has excited increased interest in coal tar pitch, particularly by users of the product. Pitch and mixtures of pitch and creosote in various proportions constitute road tar and fuels. Creosote is valuable in timber preservation. A new entrepreneur can venture into this field and he will find it a very lucrative trade.
Plant capacity: 7500 MT / AnnumPlant & machinery: Rs. 137 Lakhs
Working capital: -T.C.I: Cost of Project : 320 Lakhs
Return: 43.00%Break even: 57.00%
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COCONUT OIL FROM COPRA - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

Coconut oil, also known as coconut butter, is a tropical oil with many applications. It is extracted from copra (derived from Malayalam word "kopra" which means dried coconut). Coconut oil constitutes seven percent of the total export income of the Philippines, the world's largest exporter of the product. Coconut oil was developed as a commercial product by merchants in the South Seas and South Asia in the 1860s. Coconut oil is a fat consisting of about 90% saturated fat. The oil contains predominantly medium chain triglycerides, with roughly 92% saturated fatty acids, 6% monounsaturated fatty acids, and 2% polyunsaturated fatty acids. Of the saturated fatty acids, coconut oil is primarily 44.6% lauric acid, 16.8% myristic acid a 8.2% palmitic acid and 8% caprylic acid, although it contains seven different saturated fatty acids in total. Its only monounsaturated fatty acid is oleic acid while its only polyunsaturated fatty acid is linoleic acid. Unrefined coconut oil melts at 24-25°C (76°F) and smokes at 170°C (350°F), while refined coconut oil has a higher smoke point of 232°C (450°F). Among the most stable of all oils, coconut oil is slow to oxidize and thus resistant to rancidity, lasting up to two years due to its high saturated fat content.[citation needed] It is best stored in solid form, below 24.5°C (76°F) in order to extend shelf life. However, unlike most oils, coconut oil will not be damaged by warmer temperatures. Globally 5.5 million tons of coconuts are produced annually. Indonesia, Philippines and India are top three leading producers with production share- 27%, 23% and 22% respectively. SriLanka, Mexico, Vietnam, New Guinea and Brazil are other important producers. 3 – 3.5 million tons of coconut oil is produced annually around the world while consumption figure globally is around 3.8 million tons. Annually around 2 lakh ton raw copra, 1 lakh ton meal and 3.5 lakh ton coconut oil is traded worldwide. Indonesia, Philippines, SriLanka are important market for coconut and copra India produces around 12141 million nuts of coconut, 6.5 – 7 lakh ton of copra Oil recovery from copra is 65 - 72%, annually 4 – 4.5 lakh tons of coconut oil is produced in the country SEA of India has forecasted 6.5 lakh tons of copra and 4.2 lakh coconut oil production in 2005-06. The production is highly dependent on the monsoon and incidence of pest and diseases and fluctuates between years. India imports around 2000 – 7000 tons of crude coconut oil. There is a good scope for new entrants.
Plant capacity: 10 Ton / DayPlant & machinery: 33 Lakh
Working capital: -T.C.I: 358 Lakh
Return: 50.00%Break even: 36.00%
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SUNFLOWER OIL - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics

Sunflower oil is the non-volatile oil expressed from sunflower (Helianthus annuus) seeds. Sunflower oil is commonly used in food as a frying oil, and in cosmetic formulations as an emollient. Sunflower oil contains predominantly linoleic acid in triglyceride form. The British Pharmacopoeia lists the following profile: Palmitic acid : 4 - 9%, Stearic acid : 1 - 7%, Oleic acid : 14 - 40%, Linoleic acid : 48 - 74%. There are several types of sunflower oils produced, such as high linoleic, high oleic and mid oleic. High linoleic sunflower oil typically has at least 69% linoleic acid. High oleic sunflower oil has at least 82% oleic acid. Variation in fatty acid profile is strongly influenced by both genetics and climate. Sunflower oil also contains lecithin, tocopherols, carotenoids and waxes. Sunflower oil's properties are typical of a vegetable triglyceride oil. Sunflower oil is produced from oil type sunflower seeds. Sunflower oil is light in taste and appearance and has a high Vitamin E content. It is a combination of mono-unsaturated and polyunsaturated fats with low saturated fat levels. Sunflower oil is liquid at room temperature. The refined oil is clear and slightly amber-colored with a slightly fatty odor. As a frying oil, sunflower oil behaves as a typical vegetable triglyceride. In cosmetics, it has smoothing properties and is considered noncomedogenic. Only the high-oleic variety possesses shelf life sufficient for commercial cosmetic formulation. Sunflower oil's INCI name is Helianthus Annuus (Sunflower) Seed Oil. Sunflower is classified into botanical family of composital and into the species of helianthus annus. A small genus of annus or prennial herbs, mostly natives of central and South America. Sunflower is an annual herb with erect, rough, hairy stem. In recent years, it has gained importance as an oil-seed crop in Argentina, U.S.A. and Canada. The sunflower oil production of the world is around 8-9 million tons in a normal year. The exports are traditionally around 30% of the total production. It is expected that around 3 million tons of oil will be exported in 2005-06. Russia and Ukraine are respectively the first and second largest producer of sunflower seed in the World. The other major producers are Argentina, France, Romania, Hungary, China, India and United States of America. Currently, sunflower seed accounts for around 8% of the world's total oilseed production and sunflower oil accounts for 9% of the global edible oil production. Currently, sunflower seed accounts for around 8% of the world's total oilseed production and sunflower oil accounts for 9% of the global edible oil production. In India, sunflower is grown both in the kharif and rabi season. However, around 70% of the crop is produced in the rabi (November – March) season. The kharif (June – September) period accounts for less than 30% of the crop currently. Indian sunflower seed production ranges between 10-15 lakh tons. The major producers are Karnataka (35%), Andhra Pradesh (30%), Maharashtra (15%), Punjab (4%) and Haryana (4%). In India the average yield of oil obtained by mechanical extraction from sunflower seed is 35 % from unshelled seed of normal moisture content (9%) and 42.5% by pre-press and solvent extraction. Crude oil to refined oil conversion rate is 95%.
Plant capacity: 1 MT / DayPlant & machinery: 7 Lakh
Working capital: -T.C.I: 65 Lakh
Return: 51.00%Break even: 37.00%
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Information
  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.

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