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

Mining & Minerals: Project Opportunities in Jharkhand

PROFILE:

Minerals are valuable natural resources being finite and non-renewable. They constitute the vital raw materials for many basic industries and are a major resource for development. Management of mineral resources has, therefore, to be closely integrated with the overall strategy of development; and exploitation of minerals is to be guided by long-term national goals and perspectives. Ministry of Mines is responsible for survey and exploration of all minerals, other than natural gases, petroleum and atomic minerals, for mining and metallurgy of non-ferrous metals like aluminium, copper, zinc, lead, gold, nickel, etc. and for administration of the Mines and Minerals (Regulation and Development) Act, 1957 in respect of all mines and minerals other than coal, natural gas and petroleum.

The newly carved out resource rich State of Jharkhand is widely acclaimed as the region of the future, having immense potential for industrialisation with its large deposits of minerals which could provide a firm launching pad for various industries.

RESOURCES:

Jharkhand is one of the richest zones of minerals in the world. The 40% of the total minerals of the country are available in this state. The State is the sole producer of cooking coal, uranium and pyrite. It ranks first in the production of coal, mica, kyanite and copper in India. The geographical exploration and exploitation of gold, silver, base metals, decorative stones, precious stones, etc. are the potential areas of the future. Jharkhand is also endowed with other resources such as surface and ground water, land with immense bio-diversity, moderate climate, disciplined and skilled manpower, adequate availability of power, which are the basic essentials for the growth and development of industries.

GOVERNMENT POLICIES:

Jharkhand region is generously endowed with Mineral Wealth and the State Government is committed to create an environment conducive to the growth of Mining and Mineral based Industries in the State. In view of this, the State's Industrial policy covers certain clauses relevant for Mining and Mineral sector, which are enumerated below:

•        Simplify procedures and expedite granting of mining leases.

•        Provide certain relief to make mining activities easier.

•        Encourage use of modern exploration techniques to set up a resource inventory of various minerals in the State.

•        Encourage joint venture projects with SMDC.

•        Clear mining lease applications and project report within 60 days.

•        Encourage foreign investment and technological collaboration by OCBs and NRIs in selected sectors including Mineral development.

•        Encourage Private Sector participation in Mining Activities

Jharkhand State Mineral Development Corporation Ltd. was incorporated on 7th May, 2002 after bifurcation from Bihar State Mineral Development Corporation Ltd. JSMDC is a Government of Jharkhand Undertaking under the Dept. of Mines & Geology, Govt. of Jharkhand. It is premier producer and supplier of minerals and mineral based products in the State of Jharkhand. Core business of the Company is production and marketing of coal, limestone and its powder, kyanite, graphite, granite blocks and manufacturing of granite tiles of smaller dimensions. JSMDC is a consistently making profit company. Annual turnover is more than 100 Crores in the current fiscal year.

 

 

 

Agro-Based Industries: Project Opportunities in Jharkhand

 

 

PROFILE:

 

Agro-based industry would mean any activity involved in cultivation, under controlled conditions of agricultural and horticultural crops, including floriculture and cultivation of vegetables and post-harvest operation on all fruits and vegetables. The development of agro-industries has assumed crucial importance in the economic planning and progress of the country. The agro industry is regarded as an extended arm of agriculture. The development of the agro industry can help stabilise and make agriculture more lucrative and create employment opportunities both at the production and marketing stages. The broad-based development of the agro-products industry will improve both the social and physical infrastructure of India. Since it would cause diversification and commercialization of agriculture, it will thus enhance the incomes of farmers and create food surpluses. The state of Jharkhand having diversified agro-climatic conditions is much suited for the development horticulture based economy that has ample scope for its growth.

RESOURCES:

The agro-climatic conditions of the State are conducive for commercial cultivation of large varieties of fruits, vegetables,flowers and medicinal and aromatic plants. Plantation and Horticulture is one of the important sub sectors of Agriculture having ample scope for expansion in the state of Jharkhand. The state of Jharkhand has a total geographical area of 79.7 lakh ha out of which cultivable land is 38 lakh ha. The net irrigated area is only 1.57 lakh ha which is only 8% of the net sown area. The total area occupied for plantation and horticulture crop in the state is about 2.57 lakh hectares. Different kinds of fruits are grown in Jharkhand. The crops grown in Jharkhand are Mango, Litchi, Stone fruit (Peach), Citrus (Lime/Lemon), Awla and Papaya in fruits, Chilli, Turmeric and Ginger in spices, Rose, Marigold, Gerbera, Carnation and Gladiolus among flowers, Lemon grass, Palmarosa and Rosa damascena in aromatic plants, Cashew in Plantation crops. Jharkhand endowed with vast impounded fresh water resources in the form of tank/ponds and reservoirs. The major plantation crops cultivated in the State are cashew nut and coconut. The Board has identified the State as high potential State for coconut cultivation as the average productivity of coconut palm is 36 nuts per palm, which is above the national average of 34 nuts. Cashew nuts popularly known as a gold mine of wastelands is very ideal for cultivation in wastelands and hence there is good potential for cashew cultivation especially in East and West Singhbhum districts. Tea plantation in a small measure has been taken up in Ranchi district, which has a favourable climate for growing tea.

 

 

 

GOVERNMENT POLICIES:

 

 The promotion of Agro-based industries is among the priorities of the State Government. The state has assured supply of fruits & vegetables grown by applying scientific techniques, investment in post harvest and good transport infrastructure. The National Horticulture Mission (NHM) in the Jharkhand State was launched in late 2005-06 initially in 10 districts with main focus on production of planting materials, vegetable seed production, establishment of new gardens, creation of water resources etc. Establishment of new gardens include perennial and non perennial fruits, spices, floriculture, aromatic and medicinal plants. This scheme was 100 % sponsored by Central Govt. during 2005-06 and 2006-07 (Xth Five Year Plan). However, during 2007-08 and onwards (XIth Five Year Plan) this scheme has been implemented in 15 districts with the pattern of assistance as 85:15 by Central Govt. and State Govt. respectively. The Jharkhand government has decided to set up a food park to kick off the development of the food processing sector in the state and attract investors. In general very few small scale food processing industries are present in the state.

 

 

 

 Sericulture (Tasar Silk): Project Opportunities in Jharkhand

 

PROFILE:

Sericulture is an agro-based industry. It involves rearing of silkworms for the production of raw silk, which is the yarn obtained out of cocoons spun by certain species of insects. The major activities of sericulture comprises of food-plant cultivation to feed the silkworms which spin silk cocoons and reeling the cocoons for unwinding the silk filament for value added benefits such as processing and weaving. Silk is a fine strand of fiber that is a solidified secretion produced by certain caterpillars to encase themselves in the form of cocoons. India is second largest producer of silk. Sericulture industry is looking out for the developments of young age silk worm rearing or chawki rearing. Care of silk worms start from the stage of procurement of silk worm eggs from the grainage itself. Silk worm eggs are distributed to the farmers for commercial rearing when active development of embryo is in progress. The important aspect of young silkworm rearing management are a suitable separate rearing house or room, well maintained mulberry garden with assured irrigation facilities. Sericulture has emerged as a virtual lifeline and a profitable employment avenue for villagers in Maoist-affected areas in India's eastern Jharkhand. Under the aegis of the Jharkhand state industrial department, farmers are beginning to rear silkworms.

RESOURCES:

Jharkhand, much like Chattisgarh and Uttaranchal, is endowed with adequate forest cover. These forests are home to two species of trees -Arjuna (Terminalia Arjuna) & Asan (Terminalia Tomentosa) which are breeding ground for the moth which produces the cocoon from which Tasar yarn is reeled. Jharkhand's forest department is also planning to encourage planting of Arjuna trees in place of the traditional Acacia or Eucalyptus trees. Tussar Food plants are available over an area of 9 lakh hectares. The Singhbhum and Santhalpargana regions are the main silk producing centres in the State. The State is promoting this activity through 28 pilot project centres situated in different areas. Each rearer can rear on an average 200 eggs or Disease Free Laying (DFLs) so the annual demand of commercial seed or egg is of 130 lakh. There are three types of seeds or eggs – Nucleus, Basic seed and Basic seed multiplied to commercial seed.

GOVERNMENT RESOURCES:

Tasar culture is a backbone for Tribal development, and the Government of India, through the Central Silk Board and different State Governments have initiated several developmental and welfare measures for the tribal welfare through it. Jharkhand's forest department is also planning to encourage planting of Arjuna trees in place of the traditional Acacia or Eucalyptus trees. Jharkhand Sericulture Development Institute (JSDI) and Jharkhand Silk Technical Development Institute (JSTDI) are being strengthened to give an impetus to this sector. During the year 2010-11, it is proposed to rear 2.35 lakh tasar nucleus DFLs, 16 lakh of tasar basic DFLs and 96 lakh of commercial DFLs through seed and commercial rearers in the State. It is proposed to be benefited 40,000 -50,000 Tasar farmers through Tasar seed production and its rearing during the year.

 

Steel Industry

 

PROFILE:

Steel Industry is a booming industry in the whole world. India’s economic growth is contingent upon the growth of the Indian steel industry. Consumption of steel is taken to be an indicator of economic development. While steel continues to have a stronghold in traditional sectors such as construction, housing and ground transportation, special steels are increasingly used in engineering industries such as power generation, petrochemicals and fertilisers. Indian Steel Industry is more than a century old. India has now emerged as the eighth largest producer of steel in the world with a production capacity of 35MT. Almost all varieties of steel is now produced in India. India has also emerged as a net exporter of steel which shows that Indian steel is being increasingly accepted in the global market. The growth of the steel industry in India is also dependant, to a large extent, on the level of consumption of steel in the domestic market. Steel consumption is significant in housing and infrastructure. In recent years the surge in housing industry of India has led to increase in the domestic demand for steel.

 

 

RESOURCES:

Jharkhand emerges as hub for steel companies. The state is endowed with deposits of Iron Ores of both, Hematite & Magnetite. The Hematite deposits are mainly located in the West Singhbhum District and have a resource base exceeding 3700 Million Tonnes. These have been explored only in pockets by large industry houses in their lease hold. There is a very good scope of enlarging this resource base by further exploration. The Magnetite Deposits are located in the East Singhbhum, Latehar & Palamu districts. They comprise lenticular ore bodies as well as Schist rocks with 80 to 36% magnetic. The exploration of these bodies is yet to be taken up. The existing steel mills are sourcing their iron ore (Hematite) from West Singhbhum. The Magnetite ore is being used in heavy media coal washeries & paints. Tata Steel's largest plant is located in Jamshedpur, Jharkhand, with its recent acquisitions; the company has become a multinational with operations in various countries. If the interest shown by all the companies, big and small, in Jharkhand's iron ore deposits translates into reality, the state will produce more than half the total steel in India. First Iron & steel factory  is located at Jamshedpur and Largest Steel plant in Asia is Bokaro steel plant.

 

GOVERNMENT POLICIES:

Under the new industrial policy, iron and steel has been made one of the high priority industries. Price and distribution controls have been removed  as well as foreign direct investment up to 100% (under automatic route) has been permitted.  The Trade Policy has also been liberalized and import and export of iron and steel is freely allowed with no quantitative restrictions on import of iron and steel items. Tariffs on various items of iron and steel have drastically come down since 1991-92 levels and the government is committed to bring them down to the international levels.  With the abolishing of price regulation of iron and steel in 92, the steel prices are market determined. The policy devises a multi-pronged strategy to achieve these targets with following focus areas; removal of supply constraints especially availability  of critical inputs like iron ore; improve cost competitiveness by expanding and strengthening the infrastructure in roads, railways, ports and power; increase exports; meet the additional capital requirements by mobilizing financial resources; promote investments by removing  procedural delays. In addition the policy also addresses challenges arising out of environmental concerns, human resource requirements, R&D, volatile steel prices and the secondary sector. 

 

Rural Industries: Project Opportunities in Jharkhand

 

PROFILE:

Rural industry is an important source of employment for workers shifting out of agriculture. The rural industry continues to play a significant role in the expansion ofemployment, improvement in productivity and earnings, and poverty reduction in many non-industrialized countries; this is particularly the case in India. This sector has immense export potential which needs to be exploited to earn foreign exchange. To give thrust, the government aims to provide benefits in the various areas such as handloom, handicrafts, khadi village industries, forest based industries etc.

RESOURCES:

Handloom is labour intensive cottage industry sector providing employment to around 1.5 lakh weavers throughout the State. Various incentives to the handloom weavers are being provided under Deendayal Hastkargha Protsahan Yojana, which aims attaking care of wide gamut of activities, such as basic inputs like looms and accessories, product development, infrastructure support, institutional support, training to weavers, supply of equipment and marketing support, both at micro and macro levels in an integrated and coordinated manner for an overall development of the sector and benefit to handloom weavers. Handicrafts of Jharkhand reflect the cultural heritage, customs and traditions of the State. The State manufactures handicrafts in cane and bamboo works, woodcarving, stoneware, brassware, Lac based handicraft items, paper mache, terracotta, etc. The State Government may set up a model suitable ‘Handicraft Village’ in each of the districts of the State for promoting the traditional arts and crafts of the villages by adopting the "One Tambon One Product" model of Thailand. Various forest produce available in the state are mahua seed, sal seed, shellac, bamboo, kendu leaf, harre, bahera, etc.

 

GOVERNMENT POLICIES:

Focus of the Rural Industrial Policy:-

1.       Providing ample employment opportunities through rural industries.

2.       Establishing rural industries and providing help on priority basis for skill enhancement, modern technology, and marketing especially for beneficiaries of scheduled caste, scheduled tribe, backward, and minority sections.

3.       Giving priority to participation of women in development of rural industries.

4.       Encouraging participation of private sector, non-governmental organizations, cooperative societies, and self help groups for development of rural industries.

5.       Implementing cluster approach.

6.       Value addition to the minor forest produce and medicinal herbs in the tribal areas of the state itself and passing on the benefits to the tribal population of the area.

7.       Connecting rural industries with E-commerce.

With the implementation of the Rural Industrial Policy, active participation of experienced craftsmen and industrialists in the field of handloom, handicraft, leather industry, other cottage industries and silk centers would be ensured for overall development of rural industries in the rural areas.

 

 

Tourism: Project Opportunities in Jharkhand

 

PROFILE:

Tourism is one of the fastest growing industries in the world. The number of tourists worldwide has been registering phenomenal growth and it is expected that this number would shortly touch 1.5 billion. Tourism contributes about 11% of the world work force and 10.2% of the global gross domestic products. The dynamic growth of this industry is evident from the fact that a new job is added to this sector every 2.5 second. Jharkhand is endowed with rich cultural heritage and bestowed liberally with bounties of nature. Various initiatives are being taken by the Government and other organizations to promote tourism here. Jharkhand is blessed with an exotic landscape: the rolling hills, beautiful plateaus, sparkling rivers, etc. that largely contribute towards tourism at Jharkhand. Besides, the national parks, wildlife sanctuaries, holy shrines and museums, etc. largely attracts tourists to come to Jharkhand.

RESOURCES:

Blessed with immense biodiversity, moderate climate, rich cultural and historical heritage, Jharkhand is fast emerging as an ultimate tourist destination in eastern India. Jharkhand Tourism Department is taking utmost initiative to promote tourism in Jharkhand. A good number of hotels run by Jharkhand Tourism and private hoteliers have come up at popular tourist spots, which cater to all segments of travellers. Several Jharkhand Tourism Information Centers have been opened up in various parts of the city. These information centers provide details about Jharkhand travel, hotels, tourist attractions, travel agencies, licensed Jharkhand tourism guides and other important travel tips to holiday makers. Some of the major tourist spots in Jharkhand that play a vital role in the tourism industry of Jharkhand are: Netarhat, Betla National Park, Baidyanath Dham so on. It is noteworthy in this context that Kanke Dam, Ranchi Hill, Tagore Hill, Hatia Dam, Dasham Falls, Jagannath mandir, Jonah Falls, Hoondru waterfalls, etc. are the projects under the Tourism Industry of Jharkhand that heavily contributes towards the economy of the State.

GOVERNMENT POLICIES:

Jharkhand has huge potential in tourism sector. The tourism potential of the state has not been exploited and at the same time tourist spots have not been highlighted at national and international level. Jharkhand government seems to be serious to promote tourism in the state. The State Government would set up a Jharkhand Tourism Development Board to facilitate enter departmental co-operation and coordination to promote Tourism in the State. This Board would be set up under the chairmanship of the Chief Minister of Jharkhand with the Tourism Minister as Vice-chairman and Principal Secretaries/Secretaries of other relevant departments as members. The Board would also have representatives of the Hotel Association, Travel Agents Association, Adventure Sports Operators Association, NGO's and other non-official members having outstanding contribution or expertise in the field of development and promotion of tourism industries. Financial assistance as grants-in-aid, etc would be provided (to this board). The Board would advise the Government to lay down the policy guidelines for the development and promotion of tourism industry in the State, to promote public-private partnership and public sector would undertake all steps to develop and promote tourism in the State.

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Haemodialysis Solution B.P. and Erilite-Bicarb(Part-B)

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

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

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

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

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

Magnesium sulphate is an inorganic salt with the formula MgSO4(H2O)x, where 0x7 is the number of atoms in the formula. Epsomite (MgSO4•7H2O), often known as Epsom salt, is a heptahydrate sulphate mineral that is commonly encountered. It works by boosting water in the intestines and replacing magnesium in the body. Magnesium sulphate is a laxative that can be taken orally to ease occasional constipation and to treat magnesium deficiency; however, the bulk of it is used in agriculture. The FDA has not approved all external applications for magnesium sulphate. Magnesium Sulphate is a chemical compound that contains magnesium, oxygen, and sulphur. Magnesium sulphate is also known as sulphate mineral and epsomite, both of which are used to make Epsom Salt. Magnesium sulphate has use in a variety of areas, including healthcare, agriculture, medicines, food additives, and others. It is employed both internally and externally in the medical field. Depending on the concentration, magnesium sulphate has a bitter or salty flavour. At low concentrations, it has a salty flavour, however at high concentrations, it has a bitter flavour. As a result, it may have the potential to be utilised as a salt substitute. Magnesium sulphate comes in heptahydrate, monohydrate, anhydrous, and dry forms, each carrying the equivalent of 2 to 3 hydration fluids. Natural sources of magnesium sulphate include saltwater, mineral springs, and minerals like kieserite and epsomite. The heptahydrate of magnesium sulphate is made by dissolving kieserite in water and then crystallising the heptahydrate. Magnesium sulphate is a fertiliser, a food supplement in animal feed, and a cathartic and analgesic in medicine. It is employed as a coagulating agent in rubber and plastics, in various plating baths, and as a drying agent for various organic solvents in the textile industry, as well as in the manufacturing of citric acid, magnesium stearate, monosodium gluconate, and various photographic solutions. After rising at a CAGR of 5.1 percent from 2021 to 2026, the Magnesium Sulfate Market is expected to reach $1,233.3 million by 2026. In the years ahead, the growing requirement to produce high agricultural yields, combined with the significant growth of the global agricultural business, is likely to be the primary driver of demand growth. Furthermore, the increased use of magnesium sulphate in the personal care and cosmetics sector to formulate a variety of important personal care items, such as hair products, skincare products, sun-tan products, and skin fresheners, will create new opportunities for the global magnesium sulphate industry to grow. Few Indian Major Players 1. Aksharchem (India) Ltd. 2. Liberty Phosphate Ltd. 3. Pioneer Magnesia Works Pvt. Ltd. 4. Sam Industries Ltd. 5. Welterman International Ltd. 6. Yash Chemex Ltd.
Plant capacity: Magnesium Sulphate: 72 MT Per DayPlant & machinery: 2.56 Cr
Working capital: -T.C.I: Cost of Project: Rs. 9 Cr
Return: 29.00%Break even: 58.00%
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Production Business of Zinc Sulphate

Zinc sulphate is a crystalline substance that is highly water soluble, clear, and colourless. It's also known as white vitriol and comes in the heptahydrate form, ZnSO4 •7H2O. It's found naturally in the mineral goslarite and can be made by reacting zinc with sulfuric acid. It's used to make lithopone, coagulation baths for rayon, electrolyte for zinc plating, as a mordant in dyeing, as a preservative for skins and leather, and as an astringent and emitic in medicine. Zinc sulphate is primarily utilised in fertiliser applications and as a supplement in animal feed. It's used on crops like pecans, deciduous fruits, peanuts, cotton, corn, and citrus, as well as in swine and poultry feeds. The most frequent dry fertiliser is zinc sulphate, and the most common liquid fertiliser is zinc chelates. Zinc sulphate is a preferred chemical for supplying zinc values in agricultural applications due to its excellent solubility in aqueous environments. Zinc is a necessary component of plant and animal life. It acts as a growth hormone in plants and impacts protein synthesis. Zinc deficiency causes plant stunting, yellowing of the leaves, and lower seed, grain, vegetable, and fruit production. The most popular and most effective long-term technique for addressing zinc deficiency is to apply zinc sulphate to the soil. Zinc sulphate can be sprayed in a band near the seed or as a broadcast treatment that is tilled into the soil. The most efficient placement of the band is to the side and below the seed. Zinc sulphate solution can be used to manufacture zineb (zinc ethylene bisdithiocarbamate). Zineb is a typical agricultural fungicide used to protect crops like apples, pears, cabbage, broccoli, and ornamentals, as well as citrus, stone fruit, cotton, and wheat. Zinc sulphate is used in agriculture to destroy weeds and protect crops from pests. Zinc sulphate is a significant element of the precipitating bath in the manufacturing of viscose rayon and in the electrolyte for zinc plating. Zinc sulphate is used as a mordant in dyeing, as a skin and leather preservative, and as an astringent and emetic in medicine. In the period 2020-2026, the global zinc sulphate market is expected to rise at a robust CAGR of 4.2 percent. The market is being driven by increasing usage as a fertiliser additive in the agriculture industry to prevent and repair zinc deficiency in crops, increased demand for applications of raw material for manufacturing latex products, and usage as a moss control herbicide. Zinc sulphate is used to treat zinc deficiency in humans and as a fertiliser in agricultural sprays to increase soil nutrition, and it is projected to play a significant role in market growth. Few Indian Major Players 1. Agro Phos (India) Ltd. 2. Aksharchem (India) Ltd. 3. Indian Farmers Fertiliser Co-Op. Ltd. 4. Jayshree Chemicals Ltd. 5. Liberty Phosphate Ltd. 6. Yash Chemex Ltd.
Plant capacity: Zinc Sulphate 33%: 2 MT Per Day Zinc Sulphate 21%: 2 MT Per Day Zinc Sulphate 12% Soln.: 2 MT Per DayPlant & machinery: 1.21 Cr
Working capital: -T.C.I: Cost of Project: Rs. 3.70 Cr
Return: 22.00%Break even: 60.00%
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Business Industry of Grain Processing (Grading, Cleaning & Packaging of Rice & Pulses)

Four milling is a physical process in which the kernel is cleaned, adjusted to a suitable moisture level, and then mechanically reduced to the proper particle size to produce a four. Fractionation is used in four production not only to separate bran, germ, and endosperm from one another, but also to ensure the milling endosperm particle size is correct. The technique does not include any chemical or heat treatments, and so does not result in grain purification. When comparing levels within the grain and the final mill fractions, the milling process might cause variations in the distribution of pollutants. Pulses are the dried and edible seeds of leguminous plants. Pulses are an integral component of traditional food baskets since they are a low-fat source of protein. These are the most important component of a well-balanced diet and a primary source of protein for India's vegetarians. Dal is typically made using pulses, rice, and chapatti. Dal with onions, tomatoes, and spices is a must-have snack in any home. Pulses are a staple of any vegetarian's diet, yet they're also popular among non-vegetarians. They are the primary protein sources. Pulses are used in a variety of recipes, including hot foods, sweet dishes, and others. Pulses are the most prevalent food in Indian households. Dal is a dry cereal that is consumed to provide the protein needs of a normal human being. Rice is the main source of income for West Bengal's rural inhabitants. Rice is the state's main food crop, out of a variety of crops. With an annual output of roughly 150 lakh tonnes, West Bengal is the country's top rice producer. Rice is made by hulling and dehusking paddy in a rice mill. 65 percent milled rice, 24 percent husk, and 5% bran layers make up the paddy. Humans are unable to ingest paddy in its uncooked form. It must be processed properly in order to yield rice. Rice is one of the world's most important food crops. However, because a large portion of the world rice production is consumed in the nations where it is produced, only a little amount of rice flows around the world. Seed is the most fundamental input in agriculture. The state of agriculture is determined by the quality of seed used by farmers. However, new cultivars and improved integrated crop management approaches are necessary for optimal productivity gains. Peanuts, also known as groundnuts, are a high-value commodity that can be sold raw but is incredibly adaptable and can be utilised in a variety of goods. The oil can be used in cooking, as a shortening, or as a foundation for confectioneries. It can also be used to make peanut butter. Groundnuts come in two varieties: bush and runner. The following are the most common ways that major food grains are used: • Directly as food. • For the generation of starch and the conversion of starch into glucose. • In order to make vegetable oil. • To make food that is high in protein. • For the purpose of making livestock feed. • In directly produced corn steep liquor, which is employed as a vitamin or mineral supply in the fermentation procedure. Food grains are the most common contents. Carbohydrate, protein, fibre, fat, minerals, vitamins, and the moisture outer coatings of cereal grains are all made up of cellulose fibre. When food grains are stored, moisture is lost and the quality deteriorates. Cereal grains are very significant food ingredients. Rice is the primary food source for about half of the world's population. Rice, wheat, and millets are the most commonly consumed cereals in India (jowar, bajra, ragi, etc.) They are the cheapest calorie sources. Cereals are essential sources of nutrients in an average Indian diet since they are consumed in such big quantities. From 2020 to 2027, the market for cereals and grains processing is predicted to rise at a rate of 10.40 percent. In the period 2020-2027, the increased consumption of food products will be the primary factor driving the growth of the cereals and grains processing market. For around 58 percent of India's population, agriculture is their primary source of income. Agriculture, forestry, and fishery had a Gross Value Added of Rs. 19.48 lakh crore (US$ 276.37 billion) in FY20. In FY20, agricultural and allied sectors accounted for 17.8% of India's gross value added (GVA) at current prices. Consumer spending in India would grow by as much as 6.6 percent in 2021, following a pandemic-driven drop. Few Indian Major Players 1. Arvind Kumar Nand Kumar Ltd. 2. Baba Agro Food Ltd. 3. Chennai Gate Rice Inds. Pvt. Ltd. 4. D D International Pvt. Ltd. 5. Fortune Rice Ltd. 6. G P A Capital Foods Pvt. Ltd. 7. Buniyad Foods India Ltd. 8. Hari Bhog Foods Pvt. Ltd.
Plant capacity: Moong Dal: 1 MT Per Day Masur Dal: 1 MT Per Day Toor Dal: 1.5 MT Per Day Chana Dal: 1 MT Per Day Kabuli Chana: 1 MT Per Day Desi Chana: 1.5 MT Per Day Katrni Rice: 1.5 MT Per Day Bengal Joha Rice:1 MPlant & machinery: 63 Lakhs
Working capital: -T.C.I: Cost of Project: Rs. 1.65 Cr
Return: 31.00%Break even: 58.00%
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Manufacturing Industry of Kraft Paper

Paper or paperboard (cardboard) made from chemical pulp produced in the kraft process is known as kraft paper or kraft. Sack kraft paper (or simply sack paper) is a porous kraft paper with high elasticity and rip resistance that is used to package products with high strength and durability requirements. The kraft process produces stronger pulp than other pulping methods; acidic sulfite processes degrade cellulose more, resulting in weaker fibres, and mechanical pulping processes leave the majority of the lignin with the fibres, whereas kraft pulping removes the majority of the lignin present in the wood. Low lignin content is critical for the paper's strength because lignin's hydrophobic nature prevents the formation of hydrogen bonds between cellulose (and hemicellulose) in the fibres. Although kraft pulp is darker than other wood pulps, it can be bleached to produce a very white pulp. When strength, whiteness, and resistance to yellowing are critical, fully bleached kraft pulp is used to manufacture high-quality paper. For one reason, paper has long been a standard in packaging: it simply works. Despite all of the options for packaging and shipping protection, Kraft Paper has stood the test of time and has endured. -Strength-: Kraft paper is tough and can endure industrial pressures to keep property and supplies safe. Some people try to utilise lower-quality papers, which have their uses, but Kraft Paper's robustness stands out among other options when it comes to preserving items and materials. -Pallet Uses- Anti-slip Kraft Paper between layers of boxes, bags, and other materials avoids breakage and protects the products being shipped. Using pre-cut sheets speeds up the process of palatalizing products while also saving money in the long term by providing an extra layer of protection. The use of a Kraft Paper cardboard slip sheet on the base layer of palliated objects prevents the entire load from shifting during transportation. -Wrapping Individual Items- Kraft Paper is used to wrap goods individually in pottery stores and craft stores because it provides a cheap layer of protection at a fraction of the cost of alternative materials. Individual things are wrapped in Kraft Paper by manufacturers because they want their products to arrive in one piece and be ready for usage by the consumer or end-user. -Floor Covering- Kraft paper may be easily applied to floors to protect them during manufacture and construction. Some people use Kraft Paper to keep fibreglass from harming their floors. Others utilise Kraft Paper rolls to preserve their customers' floors during remodelling and construction projects. -Paint Masking- Paint overspray can harm an automobile, boat, or structure. By simply masking items to be painted with Kraft Paper, you may avoid unwanted overspray and save time and money. The global kraft paper market is expected to increase at a CAGR of 3.0 percent from USD 15.6 billion in 2019 to USD 18.7 billion by 2025. The rising demand for kraft papers in different end-use sectors such as food & drinks, building & construction, cosmetics & personal care, automotive, and consumer durables is expected to fuel the global kraft paper market's expansion. Furthermore, the kraft paper market is expected to develop due to factors such as rising urbanisation across areas and the recyclability of kraft papers. Few Indian Major Players 1. Aryan Paper Mills Ltd. 2. Best Paper Mills Pvt. Ltd. 3. Dev Priya Papers Pvt. Ltd. 4. Fiesta Papers Pvt. Ltd. 5. Galaxy Papers Pvt. Ltd. 6. Godavari Pulp & Papers Mills Pvt. Ltd. 7. Laxmi Govind Paper & Pulp Mill Pvt. Ltd. 8. Maharaja Paper Inds. Pvt. Ltd.
Plant capacity: Kraft Paper: 200 MT Per DayPlant & machinery: 47.24 Cr
Working capital: -T.C.I: Cost of Project: Rs. 74.42 Cr
Return: 26.00%Break even: 49.00%
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Demanding Business of E-Rickshaw Assembling

E Rickshaws are three-wheeled battery-operated vehicles that are considered an upgrade to traditional rickshaws and are more cost-effective than auto rickshaws and other fuel variants. These rickshaws have zero emissions and are frequently argued to be much better than other rickshaws because they are almost pollution-free. E rickshaws are becoming increasingly popular among rickshaw drivers, and they have opened up new prospects for people because they require little investment to earn a living. They provide significant returns in a short period of time, are simple to operate, and have low maintenance and operating costs. Because of its low maintenance costs, low fuel costs, environmental friendliness, lack of noise pollution, ease of operation, and last but not least, livelihood, e-rickshaws have become one of the most popular modes of transportation on city streets. The earnings for an e-rickshaw driver are pretty substantial without putting in much physical effort or investing much money, and it is thus a vital means of income for many. These e-rickshaws have three wheels and a differential system at the back. The chassis of these vehicles is made of mild steel tubing. E-Rickshaw Benefits • Environmentally friendly — because they are battery-powered, e-rickshaws may be the ideal alternative to petrol or diesel-powered cars. Because these rickshaws do not release smoke, they will not contribute to rising air pollution levels. The batteries that will be utilised to power these rickshaws may be effectively recycled, so resolving the issue of battery disposal. • Economical – E-rickshaws are relatively inexpensive and can be readily afforded by the average person. Passengers will be charged a lower transportation fee. It is cost-effective not only for customers, but also for business owners. The batteries can be readily recharged at home or anywhere else that has a suitable voltage. • No Noise Pollution — E-rickshaws do not generate any sound, thus they do not contribute to noise pollution. Passengers can enjoy a pleasant and relaxing trip. • Income — E-rickshaws provide a source of income for both literate and illiterate persons. E-rickshaw drivers may make a solid living without spending a lot of money. • Safety — when compared to other fuel-powered vehicles, e-rickshaws pose a lower danger. Because they are slower and lighter than an auto rickshaw, they are less likely to cause an accident. In the event of fuel-operated vehicles, there is a risk of explosion. • Low Maintenance - Because the engines are powered by electricity, they do not require any fuel. Because e-rickshaws do not have an engine or a transmission, they require less maintenance. In these rickshaws, the motor is smaller, and the battery is located below it. As a result, maintaining them is much easier. During the forecast period, the worldwide e-Rickshaw market is expected to grow at a CAGR of roughly 9%. The market's growth can be attributable to cheap transportation costs and low power consumption. E-rickshaws are widely acknowledged as a viable alternative to diesel, gasoline, and compressed natural gas auto rickshaws. Increasing public awareness of air pollution and other environmental issues that can be mitigated through the use of e-rickshaws. The controller, motor, batteries, harness, and throttle are the primary electronic components that make up the drive of an e-rickshaw. Any mismatch between these components is unpleasant and can lower performance. During this time, the worldwide e-Rickshaw market is expected to grow at a CAGR of roughly 9%. The market's growth can be attributable to the cheap cost of transportation, which is attributed to more mileage and lower power usage. The e-rickshaw market is expected to be driven by an increase in sales and production of electric cars as an alternative to fuel-based mobility, owing to many government efforts and environmental laws on the electric vehicle industry.
Plant capacity: E-Rickshaw: 200 Nos per dayPlant & machinery: 2.06 Cr.
Working capital: -T.C.I: Cost of Project: Rs. 25.80 Cr.
Return: 30.00%Break even: 68.00%
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