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

Agriculture & Horticulture: Project Opportunities in Himachal Pradesh

PROFILE

Agriculture Sector of Indian Economy is one of the most significant part of India. Agriculture is the only means of living for almost two-thirds of the employed class in India. About 65% of Indian population depends directly on agriculture and it accounts for around 22% of GDP. Agriculture derives its importance from the fact that it has vital supply and demand links with the manufacturing sector. The agriculture sector of India has occupied almost 43 percent of India's geographical area. Agriculture is still the only largest contributor to India's GDP even after a decline in the same in the agriculture share of India

RESOURCES

Out of the total geographical area of 55.673 lakh hectares, the area of operational holding is about 9.99 lakh hectares owned by 8.63 lakh farmers. The cultivated area in the State is only 10.4 per cent. About 80 per cent of the area is rain-fed. Rice, wheat and maize are important cereal crops of the State. Groundnut, soyabean and sunflower in kharif and rapeseed/mustard and toria are important oilseed crops in the rabi season. Urad, bean, moong, rajmah in kharif season and gram in rabi are the important pulse crops of the State. Maize is an important crop where surplus is available for processing.

The State has made significant progress in the development of horticulture. The topographical variations and altitudinal differences coupled with fertile, deep and well-drained soils favour the cultivation of temperate to sub tropical fruits. The main fruits under cultivation are apple, pear, peach, plum, apricot nut fruit, citrus fruits mango, litchi, guava and strawberry, etc. The region is also suitable for cultivation of ancillary horticultural produce like flowers, mushroom, honey, hops, tea, medicinal and aromatic plants, etc.

Agriculture, being the main occupation of the people of Himachal Pradesh, has an important role in the economy of the State. It provides direct employment to about 71 per cent of the main working population. Income from the agriculture and allied sector accounts for nearly 21.7 per cent of the total State Domestic Product.

GOVERNMENT POLICIES:

Under the State Industrial Policy, numbers of incentives are available to the investors in food processing industry. Processing industries of ginger, potato and vegetables in valley areas have great investment scope. Besides, the temperate climate of the State is quite suitable for production of disease free seed. The Government is encouraging private sector participation for exploitation of vast seed production potential.

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.

 

Biotechnology: Project Opportunities in Himachal Pradesh

PROFILE:

Biotechnology is a field of applied biology that involves the use of living organisms and bioprocesses in engineering, technology, medicine and other fields requiring bio products. Biotechnology also utilizes these products for manufacturing purpose. The Biotechnology sector in India is one of the fastest growing sectors of the Indian Economy. As the sector is mainly based on knowledge, it is expected that it will play an important part in shaping the Indian Economy, which is developing at a rapid pace. The Indian Biotechnology sector holds immense potential in terms of research and development, skill and cost effectiveness.

RESOURCES:

Himachal has the potential to develop various types of industries using raw material base of fruits, vegetables, high value cash crops and other naturally growing herbal plants. These industries can be in the following: bio-pharmaceuticals, phytochemicals, bio-prospecting, fermentation, post-harvest processing, bio-processing, pharmaceuticals, biochemical, genetically engineered micro-organisms, enzyme production, environment protection and animal husbandry etc.

Biotechnology as a tool has helped in recovery of degraded ecosystem. Some of the methods based on plant biotechnology include reforestation involving micro propagation and use of mycorrhizae. Micro propagation has resulted in increasing the plant cover and thus preventing erosion and giving a climatic stability.

GOVERNMENT POLICIES:

Efforts for establishing Biotechnology Parks with a mission to convert Himachal into 'Herbal Bio business Valley' are at advanced stages. The setting up of BT Parks in Himachal endeavours to create favourable environment for developing a strong BT-based industry as a business entrepreneurship to push the State at centre stage of progress in a short time. The main objectives of the policy are to:-

•        Upgrade infrastructural support to R&D Institutions to generate highly skilled human resource in biotechnology

•        Intensify R&D work in potential areas of biotechnology, including agriculture, animal husbandry, human health, etc

•        Conserve and commercially exploit bio resources of the State for sustainable development

•        Attract entrepreneurs for setting up of biotechnology based industries in the State

•        Promote diversified farming of high value cash crops, conservation and commercial exploitation of bio resources

•        Provide suitable institutional framework to achieve these objectives.

 

Textiles: Project Opportunities in Himachal Pradesh

PROFILES:

The Indian textile industry is one of the largest industries in the world. The textile industry in India is the largest provider of employment after agriculture. This industry is one of the earliest industries of India to come into being; it is presently the second biggest industry in the world after China. Over the years, this industry has proved to be the provider of the basic requirements of the people. The industry holds a vital place in the Indian economy as it makes a contribution of 14 % to the industrial production of the country and at the same time sums up 4% of the total GDP of India. Along with contributing to the Indian economic scenario in terms of employment, involvement in the industrial production, foreign revenues the textile industry of India also contributes to the global textile economy. It contributes to the global textile fibre and yarn production.

RESOURCES:

Textile industry in Himachal Pradesh has grown at 12.78% CAGR (2002-2005). Textile industry in Himachal Pradesh is mainly focussed on spinning yarns. A few companies such as Vardhman are also engaged in weaving and dyeing. Handloom and carpet weaving have mainly developed as small scale industries.

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.

Pharmaceuticals: Project Opportunities in Himachal Pradesh

PROFILE:

The Pharmaceutical industry in India is the world's third-largest in terms of volume and stands 14th in terms of value. The Indian pharmaceuticals market is expected to reach US$ 55 billion in 2020 from US$ 12.6 billion in 2009. The pharmaceutical industry in India meets around 70% of the country's demand for bulk drugs, drug intermediates, pharmaceutical formulations, chemicals, tablets, capsules, orals and injectibles. There are about 250 large units and about 8000 Small Scale Units, which form the core of the pharmaceutical industry in India (including 5 Central Public Sector Units).

RESOURCES:

Himachal Pradesh is emerging as the pharmaceutical manufacturing hub of the country. Almost all the leading pharmaceuticals majors have set up their units in our state or are in process of setting of units. Most of the pharmaceuticals companies setting up unit in Himachal Pradesh. HP is becoming a hub for pharmaceuticals manufacturing companies, with over 300 pharmaceuticals firms setting up units there. Pharmaceuticals companies waiting in the wings to set up units in HP include majors such as Ranbaxy, Cipla, Dr Reddy's, Nicolos Piramal and Dabur, among others.

GOVERNMENT POLICIES:

•        Industrial licensing for the manufacture of all drugs and pharmaceuticals has been abolished except for bulk drugs produced by the use of recombinant DNA technology, bulk drugs requiring in-vivo use of nucleic acids, and specific cell/tissue targeted formulations.

•        Reservation of 5 drugs for manufacture by the public sector only was abolished in Feb. 1999, thus opening them up for manufacture by the private sector also.

•        Foreign investment through automatic route was raised from 51% to 74% in March, 2000 and the same has been raised to 100%.

•        Automatic approval for Foreign Technology Agreements is being given in the case of all bulk drugs, their intermediates and formulations except those produced by the use of recombinant DNA technology, for which the procedure prescribed by the Government would be followed.

•        Drugs and pharmaceuticals manufacturing units in the public sector are being allowed to face competition including competition from imports. Wherever possible, these units are being privatized.

•        Extending the facility of weighted deductions of 150% of the expenditure on in-house research and development to cover as eligible expenditure, the expenditure on filing patents, obtaining regulatory approvals and clinical trials besides R&D in biotechnology.

•        Introduction of the Patents (Second Amendment) bill in the Parliament. It, inter-alia, provides for the extension in the life of a patent to 20 years.

 

Cement: Project Opportunities in Himachal Pradesh

 

PROFILE:

The cement industry presents one of the most energy-intensive sectors within the Indian economy and is therefore of particular interest in the context of both local and global environmental discussions. Increases in productivity through the adoption of more efficient and cleaner technologies in the manufacturing sector will be effective in merging economic, environmental, and social development objectives. The Indian cement industry is highly fragmented with the top few accounting for more than 50% of the industry capacity. The rest is distributed among the large number of small players. The cement industry in India has come forward as the second largest in the world, showing a total capacity of around 230 MT (including mini plants). However, on account of low per capita consumption of cement in the country (156 kg/year as compared to world average of 260 kg) there is still a huge potential for growth of the industry.

RESOURCES:

Himachal Pradesh has ample supply of quality limestone. State exports approximately half of the cement production to other states. The annual cement production of Himachal Pradesh is likely to increase further with the commissioning of a new facility in 2015. Already, the state is producing more than 9 million tonnes of cement. Three new cement plants have been approved. The major companies are Larsen and Toubro, Grasim industries and Harish Chandra limited

GOVERNMENT POLICIES:

The government of India has set ambitious plans to increase the production of cement in the country, and to attain the target the government has made huge investments in the sector. The Department of Industrial Policy and Promotion, which falls under the central Ministry of Commerce and Industry, is the agency that is responsible for the development of the cement industry in the country. The agency is actively involved in keeping track of the performance of cement companies in the country and provides assistance and suitable incentives when required by the company. The department is also involved in framing and administering the industrial policy for foreign direct investments in the sector. Apart from formulating policies, the department also promotes the industry to attract new foreign investments in the sector.

 

Livestock: Project Opportunities in Himachal Pradesh

PROFILE:

Livestock sector plays a critical role in the welfare of India's rural population. It contributes nine percent to Gross Domestic Product and employs eight percent of the labour force. This sector is emerging as an important growth leverage of the Indian economy. As a component of agricultural sector, its share in gross domestic product has been rising gradually, while that of crop sector has been on the decline. In recent years, livestock output has grown at a rate of about 5 percent a year, higher than the growth in agricultural sector.

RESOURCES:

Livestock keeping is very common in Himachal Pradesh. 19 out of every 20 households keep at least one of the species of livestock. Bovine is most common species, of the total households in Himachal Pradesh 91.39 % have bovine. Goat is next important livestock in the state. Nearly one fourth of the total household’s rear goat. Similarly two out of every fine household keeps a sheep. Households keeping poultry accounted for 5.54% of the total households in the state.

 

GOVERNMENT POLICIES:

•        Improve staff skills in management, working with communities and additional skills in project planning, implementation monitoring/evaluation and documentation and enhance the effectiveness of services, through development of process and organization skills within staff along with strong technical knowledge. 

•        Set up a HID Cell to function as a planning and monitoring hub for AHD personnel and their professional development for the department.

•        Establish functional linkages through a supportive administrative framework to further the objectives of the livestock sector policy with important line departments like Panchayati Raj, Rural Development, Health Care and Agriculture along with NGOs and CBOs down to the village level.

•        Set up an empowered  decentralized district  Level  Committee  on livestock resource  development to  disseminate   breeding  and  animal  health  services  in the districts and monitor the development and funds generated.

Most importantly the policy itself speaks of poverty reduction as one of its primary goals and envisions livestock sector growth with a human face. The draft policy has a renewed focus on improving the livelihood and self-reliance of the poor and other underprivileged sections of the rural society through sustainable development of the sector.

 

Tourism: Project Opportunities in Himachal Pradesh

 

PROFILE:

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. The tourism industry in India is substantial and vibrant, and the country is fast becoming a major global destination. India’s travel and tourism industry is one of them most profitable industries in the country, and also credited with contributing a substantial amount of foreign exchange. Indian Tourism offers a potpourri of different cultures, traditions, festivals, and places of interest.

RESOURCES:

Himachal Pradesh has a natural advantage for the development of tourism as an industry. The State has a rich treasure of places of pilgrimage and anthropological value. It is endowed with geographical and cultural diversity, clean, peaceful and beautiful environment. It has also the pride of being the home to Rishies like Vyas, Prashar,Vashist, Markandey and Lamas, etc. Hot water springs, historic forts, forests, mountains, rivers and rivulets, natural and man-made lakes, etc. are sources of immense pleasure and joy to the tourists. The tribal areas of Himachal Pradesh are known for natural beauty and have recently been opened up to foreign tourists. Tourism industry has been given very high priority and the Government has developed appropriate infrastructure for its development, which includes provision of public utility services, roads, communication network, airports, transport facilities, water supply, civic amenities, etc.

 

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.

 

Waste management and recycling: Project Opportunities in Himachal Pradesh

 

PROFILE:

Rapid industrialization last few decades have led to the depletion of pollution of precious natural resources in India depletes and pollutes resources continuously. Further the rapid industrial developments have, also, led to the generation of huge quantities of hazardous wastes, which have further aggravated the environmental problems in the country by depleting and polluting natural resources. Therefore, rational and sustainable utilization of natural resources and its protection from toxic releases is vital for sustainable socio-economic development.

Hazardous waste management is a new concept for most of the Asian countries including India. The lack of technical and financial resources and the regulatory control for the management of hazardous wastes in the past had led to the unscientific disposal of hazardous wastes in India, which posed serious risks to human, animal and plant life.

 

RESOURCES:

After its success in banning plastic bags in the state, Himachal Pradesh government would be considering imposing ban on use of plastic disposables – cups, plates and glasses – to further strengthen the movement of protecting environment from non-biodegradable products. The State Government in a major move decided to employ a proven environment friendly technology, which uses recycled plastic in the bitumen mixture for roads and the outcome has been encouraging. Himachal Pradesh State Pollution Control Board constructed a stretch of road of approximately 800 meters by using approx. 530 Kg of shredded plastic waste between Tutu-Jubbar Hatti airport in collaboration n with Public Works Department and Municipal Corporation. The waste plastic such as carry bags, disposable cups, and thermocoles, laminated plastics like pouches of chips, pan masala, aluminium foil, and packaging material used for biscuits, chocolates, milk, grocery etc was used in the road construction.

 

GOVERNMENT POLICIES:

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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Start Production Business of Industrial Enzymes used in Textile, Poultry and Paper Pulp Industries

Enzymes are excellent catalysts because they are very selective and may be used in a number of situations. By combining the right enzymes with genetic engineering, enzyme companies have created proteins that can work in harsh process settings including those involving solvents, salts, and high temperatures. The global market for industrial enzymes is currently worth $1.8 billion per year and growing at a rate of more than 20% per year. Industrial enzymes are used in a variety of industries, such as pharmaceuticals, chemical manufacture, biofuels, food and beverage, and consumer goods. Thanks to recent advancements, biocatalysis employing isolated enzymes is currently considered more cost-effective than using complete cells. To extract biologically active enzymes, any living creature can be employed. Fungi account for more than half of the hundred enzymes utilised in industry, with bacteria, mammals (8 percent), and plants accounting for the rest (4 percent). The bio industrial industry in India, which is mostly made up of enzyme companies, contributes about 5% of the country's GDP and is valued at Rs. 3,950 million, with a 5.33 percent growth rate. Novozyme, India's market leader for industrial enzymes, is constructing a new R&D centre in Bengaluru. The United States, Canada, and China continue to supply India with 70% of its enzyme needs. Only Enzyme-Based Detergents At the moment, proteases and amylases are commonly used. Granulates with a dust-free inner core containing inorganic ions (e.g. NaCI) and sugars as a preservative, bound with reinforcing, carboxy methyl cellulose or similar protective colloid. This core is subsequently covered with inert waxy materials like paraffin oil or polyethylene glycol, as well as different hydrophilic binders, which are washed away. Enzymes' Function in the Dairy Industry Lactose is found at a concentration of 4.7 percent (w/v) in milk. Its presence in milk renders milk unsuitable for the vast majority of the world's adult population. Lactose has a limited solubility, which leads to crystal formation. Hydrolyzing lactose, which generates a product that is four times sweeter and considerably more soluble, can fix these problems. Lactase (ß-galactosidase) is a lactose hydrolyzer. Enzymes are used in the fruit juice, wine, brewing, and distilling industries. Because of the presence of pectins, cloudiness is a major issue in the preparation of fruit juices and wines. The majority of them are -1,4-anhydrogalacturonic acid polymers with varying degrees of methyl esterification. The Leather Industry and Enzymes One of the oldest applications of industrial enzymes is the processing of hides and skins for leather. Soaking, bating, and enzyme-assisted dehairing are presently the most common uses for protease and lipases. The enzyme demand is computed using India's growth rate, which is significantly larger than the output. Enzymes originating from fermentation sources account for about 80% of the whole market, according to a study. Bacterial alkaline proteinases were the most used enzyme in detergents. Microbial proteinases accounted for 40% of the whole market, whereas gylcosidases accounted for roughly 20%. Glucose isomerase was the most popular non-hydrolase product, accounting for 6% of the overall market. Detergents and starch make for around 30% of sales, with dairy processing accounting for the remaining 15%. The industrial enzyme market is fast growing since most enzymes are produced by microorganisms in submerged cultures employing biotechnology. Growing enzyme use in existing application areas, enzyme use in new industrial processes, strict enforcement of environmental rules, and cost savings were all major drivers of this sector's rise in India. Industrial enzymes had a market value of USD 4.61 billion in 2016, and it is predicted to grow at a CAGR of 5.8% from 2017 to 2022. Thanks to the country's booming food processing, tannery, and textile manufacturing industries, India's industrial enzymes market is predicted to approach US$ 361 million by 2020. Industrial enzymes are used in a variety of industries, including food and beverage, household care, animal feed, leather manufacturing, textile processing, pharmaceuticals, and others. Industry Major Market Players • Novozymes • BASF SE • DSM • DuPont Danisco • Associated British Foods plc • Adisseo • Novus International • Advanced Enzyme Technologies • Chr. Hansen Holding A/S • Enzyme Development Corporation • Lesaffre
Plant capacity: 300 MT Per AnnumPlant & machinery: 633 Lakhs
Working capital: -T.C.I: Cost of Project: 959 Lakhs
Return: 1.00%Break even: N/A
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Rice Husk based Biodegradable Cutlery Making Plant

Early adopters of biodegradable cutlery, which has emerged as a preferred alternative to plastics, can be found all over the world. Bagasse, rice husk, coconut coir, and other plant biomass resources are being used to make environmentally friendly cutlery, tableware, and packaging products that are expected to gain prominence in the future decade. Rice husk is a surprise tough material that can resist a lot of abuse and lasts a long time. Rice husk cutlery is one of the most durable biodegradable silverware solutions, withstanding temperatures of above 100°C without harm. This reusable tableware's smooth, shiny surface is made completely of natural wax produced from rice husks. Biodegradable Biodegradable cutlery includes knives, forks, chip forks, coffee stirrers, spoons, and teaspoons. The goods, which are made of renewable resources and come from well-known brands like Plastico and Vegware, are all food-grade. Biodegradable cutlery is created from a variety of compostable and biodegradable natural materials, 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). To the nth degree, environmentally friendly: Rice husk is a greener and healthier alternative to disposable plastic cutlery because it is made from industrial waste. Rice husk cutlery is a long-lasting and reusable material that can last up to three years depending on temperature and maintenance. As a result, these flatware pieces are perfect for gatherings, fast-food establishments, and restaurants. Unlike plastic silverware, rice husk cutlery does not melt when exposed to extreme heat or cold. As a result, they will outlast the disposable plastic ones. You can even microwave them to warm them up! At picnics, vacations, and work, people may now enjoy their food without the humiliation that comes with using throwaway silverware. The biodegradable cutlery market is growing in response to rising demand for disposable and low-cost utensils in many developing economies. They've gained popularity at a variety of major gatherings, including parties, rallies, and social events. The demand for reusable spoons and plates is steadily expanding at a variety of parties and large events. Several social gatherings and huge sporting events have attempted to popularise biodegradable tableware in recent years. Exotic designs have also been released by manufacturers. As a result of these policies, the market for biodegradable flatware has exploded. According to market participants, biodegradable cutlery is also emerging as a viable cost-effective solution, as the usage of single-use plastics has drawn criticism from a variety of corners around the world. To market premium commodities like rice husk dinnerware, manufacturers in emerging economies are increasingly resorting to e-commerce. The rise of the biodegradable cutlery industry has been aided by the increasing prevalence of e-commerce in various sectors of these emerging nations. In 2018, the global biodegradable cutlery market was valued USD 33.9 million, and it is expected to increase at a 5.9% CAGR from 2019 to 2025. The increased public awareness of the negative effects of non-biodegradable rubbish is predicted to enhance market growth. The government has made non-biodegradable plastic illegal, with rigorous regulations in place. Government initiatives to support the industry, as well as increased public awareness of the dangers of non-biodegradables, are likely to fuel growth.
Plant capacity: Biodegradable Cutlery (Per Set 6 Pcs. Flatware): 1,852 Sets Per DayPlant & machinery: 28 Lakhs
Working capital: -T.C.I: Cost of Project: 222 Lakhs
Return: 27.00%Break even: 52.00%
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Set up NPK Complex Organic Fertilizer Plant

Fertilizers are soil additions that help plants develop more quickly. Nitrogen, phosphorous, and potassium are the most common nutrients in fertilisers, with other elements being added in smaller amounts. In terms of weight, macronutrients such as nitrogen (N), phosphorus (P), and potassium (K) are the most significant nutrients for plants (i.e. NP-K). Ammonia is the primary source of nitrogen. Urea is the most common chemical used to make nitrogen available to plants. Superphosphate, commonly known as ammonium phosphate, is the most common type of phosphorus. Potassium is obtained from potassium muriate (Pottasium Chloride). Because it primarily contains the three necessary nutrients, synthetic macronutrient fertiliser is also known as artificial or straight fertiliser. N-P-K fertilisers that have been purposely combined with additional components are known as compound fertilisers. Fertilisers are classified based on the combination of these three variables. The crop depletes soil resources by removing a significant quantity of plant nutrients, particularly NPK nutrients, which are estimated to be 125 kg/ha/year at the current level of crop output, despite an annual input of only 75 kg. Excessive reliance on chemical fertilisers, as well as a disdain for the conservation and use of organic sources of nutrients, has resulted in soil nutrient depletion and soil health issues, making sustained gains in agricultural output difficult. 1. Organic fertiliser provides all of the nutrients required by plants, albeit in little amounts. 2. It aids in the preservation of the soil's C:N ratio while also enhancing fertility and productivity. 3. It improves the physical, chemical, and biological properties of the soil. 4. It improves the structure and texture of the soil. 5. It increases the water-holding capacity of the soil. 6. An increase in biological activity makes nutrients in the lower depths available to the plants. 7. It works as efficiently as possible, lowering soil moisture evaporation losses. India's principal agricultural products include pulses, wheat, rice, peanuts, potatoes, and onions. As a result of the country's ongoing population growth and rising need for food crops, the demand for fertilisers has increased. As a result of expanding urbanisation and diminishing arable land, Indian farmers are aggressively adopting fertilisers to enhance their production. Furthermore, the Indian government is pursuing measures and offering subsidies through KrishiVigyan Kendra (KVKs) to create high-quality seeds and cluster frontline demonstrations, which is driving up demand for fertilisers. The National Food Security Mission (NFSM), for example, is boosting food productivity through a number of projects. They also reduce the need for fertiliser imports, making it easier for India to create its own. Furthermore, governments are assisting farmers through a range of schemes and the introduction of new technology to manufacture better fertilisers at reduced prices, which is positively boosting market growth. During the following five years, the market is expected to grow at a CAGR of 4.8 percent (2022-2027). Organic fertilisers are made from human waste, animal waste, and vegetable materials (usually rotten or non-consumable by humans). Naturally occurring organic fertilisers include animal waste from meat processing factories, peat, slurries, manures, and guano. Organic fertilisers are less harmful to the environment because they are made from naturally occurring materials. Because many fertilisers find their way into human diets, adopting organic fertilisers reduces the risk of sickness. Some of the most popular organic fertilisers on the market include blood meal, bone meal, composites, earthworm castings, bat guano, fish emulsion, alfalfa meal, feather meal, and rock phosphate. Once the nutritional requirements of the crop have been calculated, organic fertilisers are usually chosen. The coronavirus epidemic is wreaking havoc on Southeast Asia's fertiliser industry, disrupting fertiliser distribution both inside and between markets in the Asia-Pacific region. Malaysia has imposed a curfew, but fertiliser producing factories have been allowed to continue functioning due to their importance to the country's food supply. Industry Major Market Players • Borealis AG • Yara • Agrium Inc. • ICL • EuroChem Group AG • PhosAgro • CARBOTECNIA SL • Haifa Chemicals Ltd. • SKW Stickstoffwerke Piesteritz GmbH • J.R. Simplot Company
Plant capacity: 12 MT Per DayPlant & machinery: 114 Lakhs
Working capital: -T.C.I: Cost of Project:417 Lakhs
Return: 25.00%Break even: 53.00%
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Badminton Rackets Manufacturing Business

Badminton rackets manufacturing is a company that helps people learn to play badminton and provides them with the essential equipment. However, because beginning a Badminton Rackets manufacturing business from the ground up can be difficult, learning how to start your own Badminton Rackets manufacturing business may make sense if you are interested in this field. We'll go over some of the options for getting started. A racket, or racquet, is used to strike a shuttlecock in games such as squash, badminton, racquetball, badminton, and padel. A racket is a handled frame with an open hoop across which a network of strings is stretched firmly in its most basic form. Some rackets have a solid or perforated hitting surface instead of a network of strings. Such rackets are commonly referred to as paddles or bats. These games are collectively known as racket sports. Badminton rackets are light, with top-quality rackets weighing between 70 and 95 grammes. Modern rackets are made of carbon fibre composite (graphite reinforced plastic), which can be added with a variety of materials. Carbon fibre has a high strength-to-weight ratio, is stiff, and efficiently transfers kinetic energy. Prior to the use of carbon fibre composite, rackets were made of wood due to their enormous weight and cost. Although the game's laws regulate the size and shape of badminton rackets, there is a wide range of racket designs. Varied players choose rackets with different playing characteristics. Modern rackets increasingly include an isometric head shape, however the original oval head design is still available. Europe and the Americas have far less badminton lovers than Asia and Southeast Asia. It's very popular in the Nordic countries, especially Sweden. Indoor sports such as badminton are quite popular since the region is impacted by the region, the temperature is low, and the night is even in the winter. Badminton is a popular sport in other parts of Europe and the United States, but its financial potential is limited due to its small population base. The market will not grow much in a short period of time, despite the good development trend. The global badminton racket market was valued $580 million in 2018 and is predicted to reach $980 million by 2025, with a CAGR of 6.7 percent from 2019 to 2025. The purpose of this study is to define, segment, and predict the Badminton Racket market by company, product type, end user, and main geographic regions. Industry Major Market Players • Yonex • VICTOR • RSL • Lining • GOSEN • KAWASAKI • Carlton Sports • Wilson Sporting Goods • Babolat • Apacs Sports • COSCO India Ltd. • Silver Sports India
Plant capacity: 1000 Pcs Per Day Plant & machinery: 81 Lakhs
Working capital: -T.C.I: Cost of Project: 353 Lakhs
Return: 30.00%Break even: 64.00%
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Setup Curcumin Extraction Unit

Turmeric is a golden spice derived from the rhizomes of Curcuma longa, a member of the ginger family (Zingiberaceae). It is widely utilised in India for a variety of purposes, including health, food preservation, and textile dyeing. Underground horizontal stems that develop roots and branches are known as rhizomes. Turmeric's brilliant yellow colour comes from curcuminoids, fat-soluble polyphenolic pigments. Curcumin, the most active curcuminoid in turmeric, is widely acknowledged as the most active component. Demethoxycurcumin and bisdemethoxycurcumin are two additional curcuminoids discovered in turmeric. Turmeric has been used as a spice and colour in India for ages, as well as for medicinal purposes. Curcumin is the most physiologically active phytochemical in turmeric. Curcumin's molecular chemical formula is C21H20O6. Curcuminoids, which make up around 6% of organic turmeric, and yellow colouring principles, of which Curcumin makes up 50-60%, are the most important components. Because of its well-known health-promoting and disease-preventive characteristics, curcumin is extracted and studied. Curcumin purification from 95% to 100% does not boost bioavailability, but it does significantly increase manufacturing costs. Turmeric has a long history of usage in Indian medicine. To name a few of its qualities, it is stomachic, carnivore, tonic, blood purifier, vermicide, and antiseptic. Curcumin, turmeric's main ingredient, has been found to have a number of medicinal properties. It protects against free radical damage since it is a powerful antioxidant. Curcumin has also been proved to be an effective anti-inflammatory agent. It accomplishes this by lowering histamine levels in the body and maybe enhancing natural cortisone synthesis in the adrenal glands. Curcumin also defends the liver against a variety of toxins. Curcumin is a spice that gives a variety of meals their colour. A comprehensive list of such foods may be found in the Draft Codex General Standard for Food Additives. Dairy products, fats, oils, and fat emulsions, confectionery, cereal products, bakery wares, meat and meat products, fish and fish products, eggs and eggs products, spices, soups, sauces, and protein products, foodstuffs for specific nutritional purposes, beverages, ready-to-eat savouries, and composite foods are all allowed to contain curcumin. Curcumin is used at levels ranging from 5 to 500 mg/kg, depending on the dietary category. Turmeric has a long history of usage in Indian medicine. To name a few of its qualities, it is stomachic, carnivore, tonic, blood purifier, vermicide, and antiseptic. Curcumin, turmeric's main ingredient, has been found to have a number of medicinal properties. It protects against free radical damage since it is a powerful antioxidant. Curcumin has also been proved to be an effective anti-inflammatory agent. It accomplishes this by lowering histamine levels in the body and maybe enhancing natural cortisone synthesis in the adrenal glands. Curcumin also defends the liver against a variety of toxins. Curcumin is a spice that gives a variety of meals their colour. A comprehensive list of such foods may be found in the Draft Codex General Standard for Food Additives. Dairy products, fats, oils, and fat emulsions, confectionery, cereal products, bakery wares, meat and meat products, fish and fish products, eggs and eggs products, spices, soups, sauces, and protein products, foodstuffs for specific nutritional purposes, beverages, ready-to-eat savouries, and composite foods are all allowed to contain curcumin. Curcumin is used at levels ranging from 5 to 500 mg/kg, depending on the dietary category. Curcumin's market exceeded USD 70 million in 2020, with a CAGR of more than 11% expected between 2021 and 2027. Curcumin is a substance that is often used to treat cancer, Alzheimer's disease, and other serious illnesses. It's also used to treat cancer, arthritis, and viral infections, so the pharmaceutical sector will continue to want it. Curcumin's anti-inflammatory and antioxidant properties, as well as its use in ayurvedic medical formulations, will increase demand for curcumin-based nutritional supplements. Curcumin's benefits in decreasing depression, metabolic syndrome, and cholesterol management are expected to drive market growth throughout the forecast period. Industry Major Market Players • BioMax Life Sciences • Hebei Tianxu Biotech Co.,Ltd • JIAHERB, INC. • Synthite Industries Ltd • BioThrive Sciences • Herboveda India Pvt. Ltd • Sabinsa Corporation • The Green Labs LLC • WackerChemie AG • Hindustan Mint & Agro Products Pvt. Ltd. • Arjuna Natural Extracts Ltd. • SV Agrofood • Star Hi Herbs Pvt. Ltd. • Helmigs Prima Sehejtera P.T • SMP Nutra
Plant capacity: Curcumin Powder: 100 Kgs per day Turmeric Oil: 48 Kgs per day Deoiled Turmeric: 1,842 Kgs per dayPlant & machinery: 215 Lakhs
Working capital: -T.C.I: Cost of Project: 493 Lakhs
Return: 27.00%Break even: 64.00%
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Pre-Feasibility Report for Production Linear Alkyl Benzene Sulphonic Acid

Linear alkyl benzene sulphonic acid is the most extensively used synthetic surfactant due to its inexpensive cost, good performance, ability to be dried to a stable powder, and biodegradable environmental friendliness. An anionic surfactant, LAB Sulphonic Acid is extensively used in the manufacturing of household detergent powders, cake and dishwashing cleaners. Linear alkyl benzene sulfonic acids are complex mixtures of homologues of different alkyl chain lengths (C10 to C13 or C14) and phenyl positional isomers of 2 to 5-phenyl in proportions dictated by the starting materials and reaction conditions, each containing an aromatic ring sulfonated at the para position and attached to a linear alkyl chain at any position except the terminal one (1-phenyl). The physical and chemical properties of linear alkyl benzene sulfonic differ depending on the length of the alkyl chain, resulting in formulations for a variety of applications. LAS is the most extensively used synthetic surfactant due to its inexpensive production cost, outstanding performance, and ability to be dried to a stable powder. It's also biodegradable and safe for the environment. More than 80% of the time, LAS is used in the manufacturing of detergents. In textile production, it can also be employed as a wetting or dispersion agent. LAS can be used in both acidic and alkaline formulations and is available in liquid and powder form. It's also compatible with other surfactants. Because of its biodegradability and compatibility with other surfactants, LAS is an excellent candidate for detergent production. It can be mixed with other non-ionic and cationic surfactants to improve the cleaning ability of detergents. • HI&I (High-Intensity and Low-Intensity • Industrial auxiliaries • Oil fields • Agriculture • Emulsion polymerization • Metalworking • Paints & coatings • Laundry detergents An increase in demand for liquid detergents in various end-use industries such as food & beverage, textiles, and household across the globe is driving the global linear alkyl benzene sulfonic acid market. Linear alkyl benzene sulfonic acid has excellent foaming properties and helps remove stains by reducing the surface tension of the water. Other surfactants, such as alcohol ether sulphates (AES), compete with linear alkyl benzene sulfonic acid because they are more enzyme compatible, have a higher hard-water tolerance, and are softer. These factors are predicted to stymie the global market during the forecasted years. On the other hand, manufacturers of linear alkyl benzene sulfonic acid are likely to benefit from high AES prices and a scarcity of supply. Based on application, the market is split into Detergent, Emulsifier, Coupling Agent, and Agricultural Herbicides. Detergent Surfactants like linear alkylbenzene sulfonic acid can be found in laundry detergents and powders. It dissolves in water and forms foam, which helps remove dirt from garments by forming a lather. The primary purpose of adding Linear Alkylbenzene Sulfonic Acid to a detergent is to improve cleaning performance and extend the time a stain remains on garments. Emulsifier In detergents, LABSA (Linear Alkylbenzene Sulfonic Acid) is a synthetic emulsifier and wetting agent. Pharmaceuticals, food processing, oilfield chemicals, and water treatment chemicals are among the industries where it can be employed to improve product performance. Linear alkyl benzene sulfonic acid is used in pharmaceuticals, food processing, oilfield chemicals, and water treatment chemicals to improve the performance of their products. Coupler's Agent Alkylated phenols, such as octylphenol ethoxylates and nonylphenol ethoxylates, are mixtures of branched-chain tertiary alcohols with seven to nine carbon atoms and the formula: where R is a branched alkyl or alkenyl group, and the Linear Alkylbenzene Sulfonic Acid in Coupling Agent is used to make them. Nonionic surfactants created with linear alkylbenzene sulfonic acid include nonylphenol polyethylene glycol ethers (NPEs), octylphenol polyethylene glycol ethers (OPEs), and dodecyl phenol-polyoxyethylene(20)glycol ether. Agricultural Herbicides To control weeds, linear alkylbenzene sulfonic acid is utilised in agricultural herbicides. It's made from petroleum, shale oil, or coal tar, and it's used to make a range of different chemicals, including pesticide esters. It can be used to get rid of weeds in a field or on concrete surfaces, as well as to keep harmful plants from growing. Its active ingredient, sodium dodecylbenzene sulfonate (LABSA), destroys plant roots while also preventing them from sprouting in the future. The global Linear Alkyl Benzene Sulphonic Acid market was valued at USD 3606.9 million in 2020, and it is expected to grow at a CAGR of 3.5 percent from 2021 to 2027, reaching USD 4601.4 million by 2027. There are two forms of LABSA: LABSA 96 percent and LABSA 90 percent. As a result of LABSA's washing function, downstream application industries will require more LABSA goods. As a result, LABSA has a large market potential in the future. Manufacturers are attempting to enhance technologies in order to create LABSA with high purity and performance. Industry Major Market Players • CEPSA • Sasol • KAPACHIM • Stepan • SK • Fogla Group • New India Detergents • ISU Chemical • Solvay • Dada Surfactants • Huntsman • Kao • Tufail • Hansa Group • Miwon Chemical • NCSP • FUCC • Lion • Ho Tung • Nanjing Gige
Plant capacity: 60 MT Per DayPlant & machinery: 550 Lakhs
Working capital: -T.C.I: Cost of Project: 5190 Lakhs
Return: 27.00%Break even: 58.00%
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Tennis Rackets Manufacturing Business

During a game of tennis, a tennis racquet is used to hit a ball. As sports become increasingly vital in controlling body metabolism and developing physical strength, tennis is projected to rise in popularity among health-conscious people. A racket is a sport that consists of a handled frame and an open hoop across which a network of strings or catgut is stretched taut. In sports like tennis, it's used to hit a ball. Over the years, racket design and production have changed tremendously. Tennis equipment is the equipment that is required to play tennis. A racket, tennis ball, shoes, and a dress code are all required for the sport. Aside from the players, the tennis court necessitates the use of a net to divide each player's playing area. Rackets are made of a variety of metals and woods. There are no restrictions on the size or materials used in the construction of a racket. It has an oval head and a neck that gradually widens as it connects the narrow grip to the head of the racket. The head of the racket is tightly woven with strings of various materials, such as nylon, gut, or synthetic gut. The handles are covered in leather or nylon for a better grip. Between 2020 and 2030, the tennis racket market is estimated to reach a value of over US$ 700 million, rising at a CAGR of 3.5 percent. The tennis racket market has had a historical CAGR of about 1% during the period (2015-2019), and is predicted to reach a valuation of US$ 214 million by 2030, thanks to modest growth in mature nations such as North America and Europe. The participation of Millennials and Generation Z has increased. Millennials and Gen Z have had low discretionary spending for many years, and as a result, their leisure spending has been low as well. As these generations have grown older and gained more discretionary income, they have increased their spending on a range of activities. This has proven tremendously beneficial to the tennis industry's growth and demand for tennis equipment, and it is expected to continue to do so in the future. Investments in instilling a healthy lifestyle have increased in recent years. Governments and sports organisations have been at the forefront of change for many years. Efforts to expand sports participation, with a concentration on tennis, have been extensively recognised in nations such as India, the United Kingdom, and China. The tennis equipment industry is being driven by the growing popularity of tennis around the world. Tennis has grown in popularity around the world as a result of an increase in tournaments and promotional initiatives. Tennis is popular in many nations, including Australia, the United States, France, Germany, Russia, and Spain. Tennis has become more popular in Asia and the Pacific. The Commonwealth Games in New Delhi (India) in 2008 reinforced this popularity. As individuals become more aware of the benefits of sports in maintaining fitness and health, tennis participation has grown around the world. Tennis has also gained in popularity as a means of improving health in affluent countries such as Germany, France, and the United States, particularly among the elderly. It also offers other advantages, such as improving aerobic activities, lowering resting heart rate and blood pressure, boosting metabolic function, and increasing bone density. Cardio tennis is also becoming increasingly popular among people of all ages. It's a group exercise that incorporates a high-intensity workout, a warm-up, and a cardio workout to help you burn calories in a healthy way. Cardio tennis is an excellent method to stay current with fitness and group exercise trends. Industry Major Market Players • YONEX Co., Ltd. • Sumitomo Rubber Industries, Ltd. • HEAD • Babolat • Amer Sports • GAMMA Sports • PACIFIC Holding GmbH • Maus Frères SA • Authentic Brands Group LLC • Freewill Infrastructures Pvt. Ltd.
Plant capacity: 400 Pcs Per DayPlant & machinery: 81 Lakhs
Working capital: -T.C.I: Cost of Project: 345 Lakhs
Return: 30.00%Break even: 65.00%
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Production of Stainless Steel Cold Rolled Coil using Stainless Steel Scrap

Cold rolling is a work hardening treatment for stainless steel that is widely used to alter the metal's structure. Cold rolled stainless steel is utilised as a raw material in a variety of medical, aerospace, and automotive applications. Continue reading to learn more about cold rolled steel, including what it is, how it is manufactured, and what applications it can serve. Cold rolling steels' primary purpose is to reduce the thickness of hot rolled steel strips (usually 1.5 mm to 5 mm) to thinner thicknesses (normally 0.12 mm to 2.5 mm) that are impossible to achieve in a hot strip mill. Cold rolling is used to improve the surface polish of steels, improve thickness tolerances, provide a variety of 'tempers,' improve physical attributes, and prepare the strip for surface coating, among other things. Hot rolled steel strips are cold rolled at room temperature, below the temperature of recrystallization. In the cold rolling method, the hot rolled strip is usually not heated before being rolled. Frictional energy, on the other hand, is converted to heat at the contact surfaces of the strip. This heat might boost the temperature of the strip being rolled from 50 to 250 degrees Celsius in a rapid adiabatic process. Cold rolling of pickled hot rolled strip is achieved by passing steel strip through a rolling machine with an entry end reel for uncoiling the pickled hot rolled coil and an exit end reel for coiling the cold rolled strip. The cold reduction is done in the middle by one or more (typically up to six) rolling mill stands. Each mill stand uses vertically stacked rolls powered by huge motors to exert tremendous compressive stresses to the strip. Mill stands are available in heights of two, four, or six feet. Because they provide the most benefit over the other two types, 4-high stands are more typically used. Cold rolled steel, abbreviated as CRS, is well-known for being a ductile material that is ideal for precision applications. It's used in a wide range of products, including household appliances, furniture, lockers, and filing cabinets. Garages, steel sheds, and other industrial structures are typically constructed with CRS. A cold rolled stainless steel coil can be precision manufactured, allowing the metal to be made to extremely tight tolerances. By cold rolling stainless steel and work hardening it, we may achieve a variety of tempers, including quarter-, half-, and full hard. The hardness degree of steel is determined by the amount of cold work done on it. Quarter-, half-, and full-hard stock reductions are more significant (sometimes up to 50 percent ). This boosts the yield point while reducing the ductility of the steel. Quarter-hard steel can be bent back over itself without breaking, but half-hard steel can be bent at a 90-degree angle and full-hard steel at a 45-degree angle without breaking. In situations where the metal must be bent without breaking, cold rolled metal is typically used. Stainless steel cold rolled coil is used in construction, surgery, kitchen necessities, and other industries. External handrails and bannisters can be built of 304 stainless steel, which has good weldability and processing qualities. 316 stainless steel is perfect for kitchen essentials such as equipment, cutlery, and cookware, and it comes in a variety of shapes and corrosion resistance. 316L stainless steel is suited for high-consistency medical and surgical applications. The market for stainless steel strips is expected to rise due to its favourable properties such as corrosion resistance, enhanced formability, weld ability, and attractive appearance, resulting in increased demand from a variety of end-use sectors. Future growth opportunities for stainless steel strips are projected to be driven by rising demand for product penetration in consumer base products such as refrigerators, ventilation systems, dishwashers, sinks, and prep tables. The stainless steel strips market is expected to grow significantly in various applications in the following year. Supply disruptions and fluctuations in the cost of raw materials required to manufacture stainless steel strips, on the other hand, may impede the market's growth. The worldwide steel strips market has been significantly fragmented as a result of the strong presence of multinational corporations around the world, as well as the existence of a large number of local and regional market competitors. Because of the increasing growth of end-user sectors in Asia Pacific, such as construction and consumer goods, the region is expected to consume a large amount of the stainless strips market. Due to their quickly growing automotive, construction, and other manufacturing industries, India, China, and South Korea are projected to lead the market for stainless steel strips. Industry Major Market Players ? ArcelorMittal ? China Baowu Steel Group ? Nippon Steel and Sumitomo Metal ? JFE Steel Corporation ? Ansteel Group ? Tata Steel ? Hesteel Group ? POSCO ? Nucor Corporation ? Benxi Steel Group ? Shougang ? Shagang Group ? NLMK Group ? ThyssenKrupp ? JSW Steel Ltd ? Maanshan Steel
Plant capacity: Stainless Steel 202 Series Strip Coil (0.02 mm to 3 mm): 140.0 MT per day Stainless Steel 304 Series Strip Coil (0.02 mm to 3 mm): 100.0 MT per day Stainless Steel 405 Series Strip Coil (0.02 mm to 3 mm):93 MT per dayPlant & machinery: 24 Cr
Working capital: -T.C.I: Cost of Project: 83 Cr
Return: 28.00%Break even: 47.00%
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Ascorbic Acid (Powder)from Sorbitol: Most Profitable Manufacturing Business to start

Ascorbic Acid is a type of vitamin C, which refers to any number of substances in fruits and vegetables that help us fight infections and strengthen our immune systems. Ascorbic acid can be synthesized in a lab from sorbitol, a sugar alcohol that’s used as an artificial sweetener. It’s also found naturally in foods like apples, oranges, berries and some other types of fruit. For industrial applications, it is produced synthetically. Ascorbic acid powder is white to light yellow crystalline powder with a molecular formula of C6H8O6 and molecular weight of 176.126 g/mol. This product can be used as food additive or nutritional supplement in foods, beverages, pharmaceuticals, cosmetics, veterinary medicine and other industries. Visit this Page for More Information: Start a Business in Pharmaceutical sector Uses of Ascorbic Acid (Powder) from Sorbitol Ascorbic acid is used in foods as an antioxidant, preservative, emulsifier and coloring agent. It occurs naturally in citrus fruits and other plants. Ascorbic acid is also added to numerous processed foods. It can be used to prevent nutrient loss by maintaining vitamin C levels. Foods containing ascorbic acid include juices, cereals, margarine, soft drinks and frozen desserts. In addition, it is used in cosmetics and pharmaceuticals. This product contains a minimum of 99% pure L-ascorbic acid that is water soluble. Business Plan: Manufacturing of Ascorbic Acid (Powder) from Sorbitol In food applications, it provides a sour taste and can help retain moisture. Ascorbic acid is highly acidic with a pH between 2.0 and 3.5, so it must be neutralized before use. For example, when used for its antioxidant properties in dairy products, cream or milk may need to be adjusted with sodium bicarbonate or citric acid to ensure proper pH levels are maintained during storage. Ascorbic acid is often blended with other antioxidants such as BHT or BHA for synergistic effects in preventing oxidation during storage. Watch Video: Manufacture Ascorbic Acid (Powder) from Sorbitol and Start your Business Today! Manufacturing Process Ascorbic acid, also known as vitamin C, is an essential nutrient that plays an important role in immune system functions. Ascorbic acid is a white crystalline powder that appears odorless and non-toxic in its pure form. The manufacturing process of ascorbic acid powder from Sorbitol starts with mixturing Sorbitol and hot water to dissolve. After adding potassium hydroxide solution into it, it will be heated until all ingredients are dissolved. Then filtered using filter paper and evaporated at high temperature until dryness. Finally dried by vacuum drying or freeze drying process to get Ascorbic Acid (Powder) from Sorbitol. Download PDF: Manufacture Ascorbic Acid (Powder) from Sorbitol and Start your Business Today! Benefits of Starting an Ascorbic Acid (Powder) Business Ascorbic acid is becoming increasingly popular. If you've recently seen your doctor and been diagnosed with a vitamin C deficiency, you know how critical it is to increase your vitamin C intake. Patients who are lacking in vitamin C have even been reported to die from scurvy, a disease caused by a lack of the vitamin. With all of these advantages, it's no surprise that ascorbic acid is in such great demand. There are a variety of ways to receive your daily dose of vitamin C, but one one that stands out above the rest is to start an ascorbic acid business. This type of business allows you to market vitamin C-rich items. You'll be able to make money while also assisting individuals in staying healthy! Read Similar Articles: Pharmaceutical Industry Market Outlook: From USD 0.97 billion in 2016 to USD 1.23 billion in 2024, the global market for ascorbic acid powder is expected to increase at a CAGR of 4.63 percent. In 2016, North America is expected to generate the most revenue from ascorbic acid powder products, followed by Europe, Asia Pacific, and the Rest of the World. Because of its antioxidant properties, the worldwide ascorbic acid powder market is predicted to grow due to rising demand for ascorbic acid powder in the food industry. Processed food consumption has risen as a result of a growing middle-class population with disposable income and changing lifestyles, driving the global ascorbic acid powder market. Read our Books Here: Pharmaceutical, Drugs, Proteins Technology Handbooks Furthermore, the worldwide ascorbic acid powder market is being propelled ahead by expanding consumer knowledge of the health advantages of natural components, as well as rising consumer health consciousness. Based on application, the worldwide ascorbic acid market is segmented into pharmaceutics, cosmetics, food and beverages, and others. In 2020, the food & beverage industry category led the Ascorbic Acid Market. The segment's dominance can be attributed to its natural food ingredient property, which generates healthy, clean-label meals and beverages in order to suit the growing demand of health-conscious customers while also prolonging product shelf life. Related Feasibility Study Reports: Pharmaceutical, Drugs, Fine Chemicals, Bulk Drug Intermediates, Pharmaceutical Drugs, Pharma Drug Ingredients Intermediates, Drug Intermediates, Speciality Chemicals, Raw Materials, Fine and Specialty Chemicals Intermediates, Pharmaceutical Bulk Drugs As a result, ascorbic acid is commonly used to fortify or add a citrus flavour to fruit juices, cereals, fruit-flavored sweets, dried fruits, cured meats, and frozen meals. However, in 2020, the Cosmetics application segment had the greatest market share, and from 2021 to 2026, it is predicted to grow at a CAGR of 6.9%. Ascorbic acid is becoming increasingly popular in skin care products due to its ability to protect skin cells from UV exposure. Ascorbic acid also serves as an antioxidant, protecting the end product from degrading due to air exposure and helps with pH management. Watch other Informative Videos: Pharmaceutical, Drugs, Fine Chemicals, Bulk Drug Intermediates, Pharmaceutical Drugs, Pharma Drug Ingredients Intermediates, Pharmaceutical Bulk Drugs See More Links: Start a Business in Asia Start a Business in Potential Countries for Doing Business Best Industry for Doing Business Business Ideas with Low, Medium & High Investment Looking for Most Demandable Business Ideas for Startups Startup Consulting Services Start a Business in Africa Start a Business in India Start a Business in Middle East Related Videos Related Books Related Projects Related Market Research Reports
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Lithium Ion Battery(LiFePO4) Business Plan

Lithium ions travel from the negative electrode to the positive electrode during discharge and then back to the negative electrode during charging in a lithium-ion cell, also known as a Li-ion battery. Alternative cathode materials based on elements other than cobalt or manganese have been developed due to safety concerns. Lithium iron phosphate is one of these materials. This material has several advantages over other cathodes, including the ability to withstand higher charge/discharge currents without deterioration, the ability to cycle more times than other battery types, and a low self-discharge rate. In fact, a fully charged LiFePO4 battery will keep 90% of its capacity after three months of idleness. They are useful for solar energy storage systems and electric vehicles when extended intervals between charges are foreseen (EVs). Features: The following are some of the benefits of lithium iron phosphate batteries: • Lower discharge rate • Higher power density • A discharge curve that is straight • Less expensive heating • Charge cycles have been increased. • enhanced safety Lithium iron phosphate batteries are distinguished from other lithium-ion batteries by their ability to maintain a constant voltage and a charge cycle of 2000 to 3000 cycles. LFP batteries are a wonderful choice because they are both environmentally friendly and structurally sound. They have a modest rate of discharge and a low energy density. Phosphate-based technology is safer since it is more thermally and chemically stable than Lithium-ion technology created using other cathode materials. Lithium phosphate batteries are incombustible in the event of charge or discharge mismanagement; they are more stable in overcharge or short circuit situations, and they can withstand high temperatures without degrading. If the phosphate-based cathode material is treated incorrectly, it will not ignite or induce thermal runaway. Phosphorus chemistry has a longer cycle life. Benefits of LiFePO4 Batteries: LiFePO4 batteries have a high discharge rate due to their lack of internal resistance. They can thus be utilised to power autos and other electrical devices. Lithium-ion batteries, which are often found in computers and cell phones, can be made smaller and more compact. If they are damaged or overheated, they are also less prone to catch fire. The lithium concentration of these batteries, according to some experts, may help to lessen the health concerns linked with nickel and cadmium, two chemicals often found in traditional batteries. Finally, LiFePO4 batteries are regarded greener than many other types of rechargeable batteries because they do not contain cobalt, a rare metal that is commonly mined in war zones or under hazardous conditions. Uses and Applications: • Large electric vehicles include buses, electric automobiles, tour buses, hybrid vehicles, and other attractions. • Electric bicycles, golf carts, miniature cars, forklifts, and cleaning wheelchairs for electric vehicles are examples of light electric vehicles. Power tools include lawn movers, electric saws, and electric drills. • Toys that can be controlled remotely, such as cars, boats, and planes • Storage systems for solar and wind energy. • Warning lights, UPS, and miner's lamp are examples of emergency lights. • Small and portable medical instruments and equipment. • Laptop computers, cell phones, camcorders, iPods, and other modern equipment are widely used. • Lithium ion batteries are used in a range of cutting-edge electric vehicles, including the first of its kind, the Tesla Roadster. Market Size in India: The India lithium-ion battery market is estimated to grow at a robust CAGR of 29.26% over the forecast period of 2018-2023. The Indian automobile sector is one of the country's most important, contributing for about 7% of GDP. The industry produced 25.31 million cars in the first quarter of 2017, compared to 24.01 million the previous year, including commercial, passenger, two- and three-wheeled vehicles, and commercial quadricycles. In contrast, India has set a lofty target of having only electric vehicles (EVs) by 2030, which is expected to increase lithium-ion battery consumption in the country. Market Size Globally: The market for Lithium Iron Phosphate (LiFePO4) batteries is predicted to grow to USD 15.25 million by 2028. In terms of revenue, the vehicle industry in 2020 will have overtaken the global industry. Throughout the projection period, Asia-Pacific is expected to be the greatest source of revenue for the global lithium iron phosphate battery business. Increased demand for LiFePO4 batteries from the automotive industry is propelling the industry forward. The use of lithium iron phosphate batteries has increased dramatically in recent years as the demand for battery electric cars has skyrocketed. The vehicle industry's rising demand for LiFePO4 batteries is a primary driver for the company. Its acceptance is expanding in lockstep with the acceptance and use of battery electric vehicles (EVs). Gasoline and diesel prices are expected to rise as fossil fuel stockpiles run out. Consumers are being pushed to switch to battery electric vehicles as a result of this, as well as the associated environmental issues. Technological advancements, growing smart device adoption, and stringent regulatory constraints all contribute to the need for batteries over the forecast period. The battery sector is growing as a result of increased use of LiFePO4 batteries in renewable energy storage systems, expanding consumer electronics demand, and the resulting stringent government requirements. Industry Major Market Players • A123 Systems LLC. • Bharat Power Solutions • BYD Company Ltd. • CENS Energy Tech Co., Ltd. • Electric Vehicle Power System Technology Co., Ltd. • Formosa Energy & Material Technology • GS Yuasa Corporation • K2 Energy • LiFeBATT, Inc. • LITHIUMWERKS, • OptimumNano Energy Co., Ltd. • Panasonic Corporation • RELiON Batteries • Samsung SDI Co. Ltd • Toshiba Corporation • Valence Technology Inc.
Plant capacity: Lithium Ion (LiFePO4) Battery Back of Power 4.8 KWH (No. of Cells 800) for Three Wheeler: 26 Nos Per Day Lithium Ion(LiFePO4)Battery Back of Power 18 KWH (No. of Cells 3000) for Four Wheeler: 24 Nos Per Day Plant & machinery: 289 Lakhs
Working capital: -T.C.I: Cost of Project: 970 Lakhs
Return: 29.00%Break even: 54.00%
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  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
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About NIIR PROJECT CONSULTANCY SERVICES

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NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. NPCS is manned by engineers, planners, specialists, financial experts, economic analysts and design specialists with extensive experience in the related industries.

Our various services are: Detailed Project Report, Business Plan for Manufacturing Plant, Start-up Ideas, Business Ideas for Entrepreneurs, Start up Business Opportunities, entrepreneurship projects, Successful Business Plan, Industry Trends, Market Research, Manufacturing Process, Machinery, Raw Materials, project report, Cost and Revenue, Pre-feasibility study for Profitable Manufacturing Business, Project Identification, Project Feasibility and Market Study, Identification of Profitable Industrial Project Opportunities, Business Opportunities, Investment Opportunities for Most Profitable Business in India, Manufacturing Business Ideas, Preparation of Project Profile, Pre-Investment and Pre-Feasibility Study, Market Research Study, Preparation of Techno-Economic Feasibility Report, Identification and Selection of Plant, Process, Equipment, General Guidance, Startup Help, Technical and Commercial Counseling for setting up new industrial project and Most Profitable Small Scale Business.

NPCS also publishes varies process technology, technical, reference, self employment and startup books, directory, business and industry database, bankable detailed project report, market research report on various industries, small scale industry and profit making business. Besides being used by manufacturers, industrialists and entrepreneurs, our publications are also used by professionals including project engineers, information services bureau, consultants and project consultancy firms as one of the input in their research.

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