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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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ROSE OIL EXTRACTION - 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

Out of 5000 varieties of roses in India, only fasli Rosa and Edward Rose yield rose oil. The Fasli variety is found in Aligarh and Edward rose in kannauj. Rose oils are in constant use in perfume spray industry, toilet soap industry and talcum powder industry. India exports 60% products to overseas market and 40% is indigenously sold. The production of cosmetics and toiletries doesn’t require large-scale capital equipment. There is a bright scope for small entrepreneurs to enter into this field.
Plant capacity: 500 ml / DayPlant & machinery: 13 Lakhs
Working capital: -T.C.I: 88 Lakhs
Return: 47.00%Break even: 37.00%
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ESSENTIAL 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

Essential oil is produced from different type of flowers, leaves and herbs by steam distillation or by solvent extraction process. There are several kinds of essential oils. Cardamom oil is used in the confectionery, bakery, canning, soap & soft drink industry. Seeds oil is used in the cosmetics & confectionery industry. Sandalwood oil is used in the pharmaceutical perfumery cosmetics and toiletries industry. India exports essential oils of lemongrass, citronella, sandalwood, palmarosa in adequate volume. A substantial quantity of other essential oils, namely, cardamom, kokum ginger and eucalyptus are also being exported. India also imports peppermints, patchouli, clone, and lavender, lately, production of jasmine isolates in South India has also started for exports. Stiff competition among manufacturers in the country has resulted in undercutting and low margins. There is competition in buying raw materials as well as selling the products abroad.
Plant capacity: 250 Gms.( Rose oil)& 50 Kg Eucalyptus Oil/DayPlant & machinery: 22 Lakhs
Working capital: -T.C.I: 92 Lakhs
Return: 42.00%Break even: 48.00%
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OIL BASED PAINT - 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 Layout

Paint is a substance of solid colouring matter suspended in a liquid medium and applied as a coating of various types of surfaces. The purpose of the coating may be decorative, protective or functional. Decorative effects may be produced by colour, glass or texture Protective coatings may be the paint on a wooden boat. The paint industry serves two distinct type of markets: trade sales and industrial sales. Trade sales is the large consumer-oriented portion of the business. They are house paints and other products marketed through whole sale and retail channels to the general publication industrial sales comprise the coating sold directly to the manufacture for factory application. The paint industry has a bright future, with the revival of the Indian economy and emphasis on construction activity.
Plant capacity: 2 MT / DayPlant & machinery: 34 Lakhs
Working capital: -T.C.I: 3 Crores
Return: 49.00%Break even: 32.00%
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FLEXIBLE CARTONS, STICKERS, LABELS MANUFACTURING & PRINTING WITH ALUMINIUM FOIL - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials

Flexible cartons were firstly developed by the Thomson and Narris Company and the first regular slotted style containers were the products of the Rober Gair Company. The first use of corrugated cartons in freight shipments was for lamp and chimney. When made from suitable materials and proper shape, flexible cartons protect the contents against the hazards of shipping and of storing in warehouses, on store shelves and in customers closets or refrigerators. Corrugated board is used for making corrugated boxes which has applications in packing of a wide variety of consumer products like cosmetics, drugs, food products, household goods, cigarettes, textiles, chemicals, hardware, etc. Aluminium foil production is increasing year by year, along with flexible cartons, stickers and labels, as the future scope and market potential is bright.
Plant capacity: 5000 Nos. of Flexible Cartons, 3600 Mtrs. of stickers Labels, 200 Kg. of Aluminium Foils Rolls / DayPlant & machinery: 77 Lakhs
Working capital: -T.C.I: 330 Lakhs
Return: 42.00%Break even: 35.00%
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RAJNIGANDHA & ROSE FLOWER PLANTATION WITH OIL EXTRACTION - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Cost of Project

Rajnigandha a 16-120 cm high with stout tuberous rootstock, leaves basal, liner those on the stem much shorter, flower tunnel shaped, waxy white fragrant in long terminal racemes. There are more than 5000 varieties of roses in India of which only a few yield essential oils. The varieties that are grower in India for obtaining essential oils are Rosa damascena mill (Fash Rosa) and Rosa Borboniana Desp (Edward Rose). Rajnigandha oil finds various uses in perfumes & flavouring agents. It is used for scenting of soaps, sprays and disinfectants. It is also used in little quantities in ice creams, candies and baked goods. Rose oil is produced in large quantities mainly in Uttar Pradesh. It exports 60% products to overseas market and 40% is indigenously sold. The two major exporting countries are Japan and India and its creditable for this industry to take about 40% of share where other Indian industries have hardly a share of less than 1% of the world market. This indicates that new entrepreneurs can well invest into this project.
Plant capacity: 33.33 Kgs. Rajnigandha Oil/Day, 400 ML Rose Oil/DayPlant & machinery: 27 Lakhs
Working capital: -T.C.I: 108 Lakhs
Return: 55.00%Break even: 35.00%
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FILTERATION AND AIRTIGHT PACKING OF COCONUT OIL - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

Coconut oil, also known as coconut butter, is a tropical oil with many applications. It is extracted from copra (derived from the 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 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] In order to extend shelf life, it is best stored in solid form (i.e. below 24.5°C [76°F]). Coconut oil is used in volume quantities for making margarine, soap and cosmetics.Hydrogenated or partially-hydrogenated coconut oil is often used in non-dairy creamers, and snack foods.Fractionated coconut oil is also used in the manufacture of essences, massage oils and cosmetics Coconut oil is an important component of many industrial lubricants, for example in the cold rolling of steel strip.Coconut oil has to be refined and filtered, and then only it can be used for edible purposes. The fine primary functions for are: hygiene, protection, customer convenience, identification & sales appeal and facts. Coconut oil is used in India as a cooking fat, hair oil, body oil and industrial oil. Coconut oil is made from fully dried copra having maximum moisture content of six per cent. Steam cooking of copra is also practised by some millers to enhance the quality and aroma of oil. Coconut oil is marketed in bulk as well as in packs ranging from sachets containing 5 ml. to 15kg tins. The branded coconut oil in small packs is mainly marketed as hair oil and body oil. There are several brands known for their superior grade oil which have export market throughout the world. India has unbeatable quality advantage in this sector. Refined coconut oil is also manufactured in the country for industrial uses. Refined coconut oil is mainly used in the manufacture of biscuits, chocolates and other confectionery items, ice cream, pharmaceutical products and costly paints. Generally, filtered coconut oil is used for cooking and toiletry purposes. India accounts for nearly 20% of global coconut output. Coconut oil is the main cooking oil in the south Indian State of Kerala. Kerala, Tamil Nadu, Andhra Pradesh and Maharashtra are leading producers of coconut in the country. Kerala and Tamil Nadu are the major centres of coconut oil and copra in the country. Besides cooking coconut oil is also used extensively on cosmetics, toiletries, hair tonics and slew of other industries. The price of coconut oil is shaped by variations in production, global demand and supply situation and price of other vegetable oils.
Plant capacity: 600 Tons/Annum Plant & machinery: 19 Lakhs
Working capital: -T.C.I: Cost of Project : 94 Lakhs
Return: 43.00%Break even: 60.00%
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FILTRATION AND AIRTIGHT PACKING OF COCONUT OIL - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

Coconut oil, also known as coconut butter, is a tropical oil with many applications. It is extracted from copra (derived from the 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 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] In order to extend shelf life, it is best stored in solid form (i.e. below 24.5°C [76°F]). Coconut oil is used in volume quantities for making margarine, soap and cosmetics.Hydrogenated or partially-hydrogenated coconut oil is often used in non-dairy creamers, and snack foods.Fractionated coconut oil is also used in the manufacture of essences, massage oils and cosmetics Coconut oil is an important component of many industrial lubricants, for example in the cold rolling of steel strip.Coconut oil has to be refined and filtered, and then only it can be used for edible purposes. The fine primary functions for are: hygiene, protection, customer convenience, identification & sales appeal and facts. Coconut oil is used in India as a cooking fat, hair oil, body oil and industrial oil. Coconut oil is made from fully dried copra having maximum moisture content of six per cent. Steam cooking of copra is also practised by some millers to enhance the quality and aroma of oil. Coconut oil is marketed in bulk as well as in packs ranging from sachets containing 5 ml. to 15kg tins. The branded coconut oil in small packs is mainly marketed as hair oil and body oil. There are several brands known for their superior grade oil which have export market throughout the world. India has unbeatable quality advantage in this sector. Refined coconut oil is also manufactured in the country for industrial uses. Refined coconut oil is mainly used in the manufacture of biscuits, chocolates and other confectionery items, ice cream, pharmaceutical products and costly paints. Generally, filtered coconut oil is used for cooking and toiletry purposes. India accounts for nearly 20% of global coconut output. Coconut oil is the main cooking oil in the south Indian State of Kerala. Kerala, Tamil Nadu, Andhra Pradesh and Maharashtra are leading producers of coconut in the country. Kerala and Tamil Nadu are the major centres of coconut oil and copra in the country. Besides cooking coconut oil is also used extensively on cosmetics, toiletries, hair tonics and slew of other industries. The price of coconut oil is shaped by variations in production, global demand and supply situation and price of other vegetable oils.
Plant capacity: 600 Tons/Annum Plant & machinery: 19 Lakhs
Working capital: -T.C.I: Cost of Project : 94 Lakhs
Return: 43.00%Break even: 60.00%
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Refined Vegetable 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

Refined vegetable oil is considered to be high quality edible oil because of its non-cholesterol properties. Its main use in the world is in cooking, pharmaceuticals, bakery goods & other edible products. In refined vegetable oil, the term refining is applied to the operation of pretreatment and de-acidification or neutralization, its complete process involves bleaching & deodorization. The oil is basically produced from four different seeds which are edible in nature. The demand of refined vegetable oil is increasing day by day because of its large consumption in bakery & pharmaceuticals.
Plant capacity: 75 MT / DayPlant & machinery: 141 Lakhs
Working capital: -T.C.I: 3395 Lakhs
Return: 55.00%Break even: 22.00%
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Washable Knitting Lubricating Oil - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Plant Layout

Lubricating oil is generally used to reduce wear of one or both surfaces in close proximity, and moving relative to each another, by interposing a substance called lubricant. The base ingredients in most lubricating oils are hydrocarbon components made from crude oil. Knitting lubricating oil uses to keep moving parts apart, reduce friction, transit power, prevent corrosion and stop the risk of smoke and fire. Danfer oil company is the largest oil supplier in united state, recently announced that its 200,000 ton lubricating oil production line in China has gone into production, the third production line has even constructed in China. By this they can easily overcome the demand of knitting lubricating oil.
Plant capacity: 1000 Ltrs. / DayPlant & machinery: 16 Lakhs
Working capital: -T.C.I: 150 Lakhs
Return: 59.00%Break even: 32.00%
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Palm 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

Palm oil is handled or stored in a warm temperature i.e. above melting point and a moist environment easily, splits to give an extremely high FFA (5-50%). The quality of crude palm oil has shown a steady improvement for year by the application of more rational methods of handling. The main use of palm oil is in manufacturing of soaps, pharmacy, chocolate, candle, as lubricant for cutting tools, cosmetics etc. The chemical analysis of palm results in 30.4% protein, 8.4% fat & 41% fiber with 10.6% ash. Malaysia produces 58 percent of the worlds supply of palm oil followed by Indonesia with 30 percent. This trend is not at all encouraging when viewed against the estimated 4.7 percent annual growth rate in the per capita consumption of vegetable oils and the need to bridge the widening demand-supply gap within the shortest possible time frame. Similarly demand is increasing day by day to meet the requirement of import as well as export market. There is good scope for new entrepreneurs to enter in this field.
Plant capacity: Palm Oil 5 Ton /DayPlant & machinery: 119 Lakhs
Working capital: -T.C.I: 444 Lakhs
Return: 41.00%Break even: 39.00%
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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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