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

What are the Natural Resources in Libya?

Libya, with its huge natural wealth, may be termed North Africa's best-kept secret. Libya is 80 percent desert (mainly Sahara), but it is anything but hidden, since it is positioned near to two of the world's largest bodies of water and has one of the world's largest oil reserves. Iron ore, manganese, chromium ore, asbestos, and gypsum are all abundant in the country. It contains untapped mineral resources worth an estimated $200 billion! Natural gas reserves are also plentiful. Libya, in reality, has more than 35 trillion cubic feet of proven gas reserves, making it the sixth largest in the world. As if that weren't enough, Libyan soil has significant amounts of copper and gold. According to estimates from the United States Geological Survey, Only off Libya's Mediterranean coast can you find up to 200 million barrels of crude oil! Libyans should have no trouble making money for years to come with all of these natural resources at their disposal. Consider how you might profit from these important commodities if you want your business idea to flourish in Libya. Is it possible that your company will specialise in mineral extraction or petroleum processing? Perhaps it will entail the transport of commodities across international waters? Or perhaps it will provide some form of agricultural service? You can expect that Libya's enormous natural resources will play a key part in your company's success, regardless of what you do.

 

What are the Business Opportunities in Libya

Libya used to be renowned for having Africa's highest Human Development Index. The discovery of gas and oil in the 1950s transformed the country into one of the richest in the region, and effectively made it Africa's third richest country. Libya has progressed in our health as a result of the finding of hydrocarbon wealth. The answer is complex and varies depending on how much danger you're willing to accept. If you're interested in trading, investing in Libya, or importing/exporting goods from/to the country, there have been various new laws implemented since 2011 that have streamlined trade permits and import/export restrictions. Foreign corporations can now own 100% of their Libyan subsidiaries (up from 60% previously), although Libyan residents must still own the majority of them. As Foreign companies with a minimum capitalization of $50,000 can also open completely owned subsidiaries in Libya as of 2015. There are plenty of local business opportunities for investors hoping to profit from Libya's reconstruction effort:

 

Reasons for starting a business in Libya

Libya's economy is based on free market principles. Petroleum, petroleum products, natural gas, and petrochemicals are all produced and exported. The working force numbers over 5 million people, with women accounting for 52% of the workforce, and unemployment is at 20%. If you want to start a business in Libya but don't know where to start, this is the place to go.

The Libyan economy is mostly based on oil profits, which account for 80% of export earnings, 45% of GDP, and 90% of government revenues. Oil production expansion aided in accelerating economic growth from 1.4 percent per year between 1969 and 1999 to 4.1 percent per year between 2000 and 2008. Reasons for getting started

 

Business-Friendly Policies and Government Initiatives;

As a new entrepreneur, you may be wondering if your country is good for business; as of 2016, enterprises that are at least 51 percent Libyan-owned, employ at least 100 people, and have at least $1 million in paid-up capital are eligible to apply for an operating licence. A business that meets these requirements will be granted a five-year license; businesses with fewer than 100 employees will be granted a four-year license. In addition, businesses with yearly revenues of less than $10 million can operate without obtaining a licence, but must file annual income tax filings. Currently, all foreign investors who intend to create or acquire a business must comply with Law No. 10/2012 on Investment Promotion. A stake of more than 20% in any corporate entity requires authorization from the General People's Committee on Foreign Investment (GPC). Prior notification is what it's called, and it's issued based on a set of general criteria established by The GPC.

 

Libya Industrial Infrastructure

Libya has a plethora of industrial facilities. It has a well-developed infrastructure within its borders, making it an ideal setting for companies looking to enter Libya's competitive industrial sector. However, before deciding whether or not to do business in Libya, there are various aspects to consider. This will assist you in ensuring that your business has every possibility to succeed and profit while doing so. Here are a few examples of what I'm talking about:

Libya's economy is driven by oil production and exports (80% of GDP), which account for the majority of the country's foreign exchange revenues. Agriculture, industry, and services are the three primary sectors after oil. Agriculture was once a significant element of Libya's economy, but it has since collapsed. During WWII, land was repurposed for different use. It now accounts for only approximately 3% of GDP while employing 12% of the workforce. Fishing also offers sustenance for locals; Libyans devour more fish per capita than anyone else in the planet—roughly 140 pounds per year! In 2010, industry provided 40% of GDP and employed 16% of the workforce. Petroleum products, textiles, apparel, refined petroleum products, chemicals, construction materials, plastics items, and processed foods among its most well-known products. Despite not having as many natural resources as many of its neighbours, Libya has proven deposits of high-grade crude oil that account for nearly all of its export profits.

 

What are the steps for Starting a Business in Libya

Seek guidance and make meticulous plans.

-Applications for permits, licences, and other authorizations are required.

-Decide on the structure of your company.

-Decide on a suitable site for your company.

-Determine finance sources as well as capital needs, such as property and equipment acquisitions or leasing expenditures.

-Draft a start-up plan with cash flow predictions (including a timetable).

-Decide how you'll get the goods and services you'll need for your firm.

-Choose the accounting system that will be used.

-If applicable, finalise contracts with vendors, contractors, employees, landlords, and others.

-Make sure you have both general liability and workers' compensation insurance.

 

Market Size of Libya

The market is expected to be worth more than $30 billion, or more than half of Tunisia's Gross Domestic Product (GDP). To put that in perspective, that is twice the size of Morocco's GDP and three times the size of Egypt's. Consumer spending on health care, education, food and beverage, tourism and travel, telecommunications equipment and services, automotive sales, and construction materials is included in this statistic. Libya's economy has been quickly rising since 2003, and it is anticipated to rise by 8% in 2011. In reality, according to Global Insight, a U.S.-based research organisation, Libya will be among Africa's fastest-growing economies over the next five years, with annual growth averaging 7%.

 

Industrial growth

Libya's GDP was estimated to be $69.75 billion in 2011, accounting for about 1.7 percent of global GDP (GDP). The GDP for 2012 is expected to be around US$39 billion. Libya is expected to have a nominal GDP of more than $100 billion by 2017, and will be one of Africa's top ten economies. Other natural resources include gypsum, limestone, sulphur, marble, and salt, in addition to oil production and export. Libyans consume the most water per capita in Africa, with each Libyan consuming 230 litres a day on average. Libya's GDP was estimated to be $69.75 billion in 2011, accounting for about 1.7 percent of global GDP (GDP). The GDP for 2012 is expected to be around US$39 billion. Libya is expected to have reached a point of no return by the end of the year. It will have a nominal GDP of more than $100 billion, making it one of Africa's top ten economies. Other natural resources include gypsum, limestone, sulphur, marble, and salt, in addition to oil production and export.

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

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

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

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

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

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Packaged Drinking Water - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

Potable spring waters containing, sulphur iron, magnesium and other mineral salts occurring in certain regions are claimed to be beneficial to human metabolism. They occur in specific and widely scattered locations best known of which are white sulphur springs (Virginia) Hot Springs (Arkansas), Saragoga Springs (New York) Vichy (France Baden (Germany) and U.S.S.R. The therapitic value of such waters is questionable carbonated mineral waters also contain lithium salts. Water Supplies and Their Impurities Natural fresh water supplies are derived indirectly from the oceans; clouds form by solar evaporation and the winds move the moisture overland to precipitation as rain, snow or hail. The water flows over the surface or percolates into the ground excess water flows back to the oceans completing the hydrological cycle. Water supplies are classified as surface supplies and underground waters. Surfaces waters are rivers; lakes, creeks, ponds, and reservoirs, wells and springs are the sources of underground water. Water vapour in clouds is generally pure but gathers dust and gases when it reaches the earth suspended organic matter and soil turbidity is picked up. Minerals are leached from the soil and rocks and organic matter is added from municipal and industrial wastes and decaying vegetation. Well waters usually are free of suspended materials and organic matter due to filtration through the earth. Surface waters are generally low in mineral content but relatively high in suspended and organic materials. Water treatment chemistry and processes deal with the chemical or physical reactions of small amounts of dissolved or suspended materials. The unit of measurement commonly used is parts/million ppm. Which is equivalent to milligrams per liter. Thus, a surface water containing 200 ppm dissolved follows that water analysis and treatment processes are based upon specialized techniques designed from the determination and removal of trace quantities of materials. Water Analysis The importance of an accurate and complete water analysis cannot be over emphasized. All water treatment process is affected by variation in the dissolved and suspended impurities in the supply. Deep well waters generally have fairly constant impurity levels. Surface waters from rivers vary widely in mineral and turbidity levels. Most water laboratories state the impurity levels as cat ions and anions in terms of calcium carbonate equivalents, or CaCO3 Calcium carbonate is used as the common denominator it has a molecular weight of 100, which facilitates calculations. In this ionic analysis method, total cat ions equal to anions, which simplifies pre-diction of the water analysis after various treatment methods. New analytical methods and instruments to have made water treatment processes possible mineral content of waters is determined in many cases on a continuous basis by means of colour imetering conductivity, and automatic adsorption, organic matter is usually determined by oxidation method and reported as chemical oxygen demand oxygen consumed or total organic carbon obtained in the united states. Important sources are the U.S. geological survey water surveys. Water analysis methods are reviewed annually by Analytical chemistry published, by the American Chemical society. Harmful Effects of Water Impurities The first Critertion of any water supply for human use is that it must be safe to drink. Fortunately all harmful bacteria are killed rapidly and inexpensively by means of chlorinations. This method is universally used in the United States and most of the world. Chlorine gas is usually employed but sodium hypochlorite is used occasionally for smaller installations. Most surface supplies must be chlorinated. Deep well water is generally safe for drinking purposes, but most municipalities chlorinate these supplies to guard against surface contamination. Use of mineral water gradually increase in India due so shortage of pure hygienic water and also increase the knowledge of water because pathogenic micro organisms which are main reason of stomach problem and cause of acetate deseats formation. On this reasons a parh of the society stored so use safe drinking water i/e mineral water. There is increase full life, major of the working group has to take travel from one place to another place, by this time they are how habituate to use mineral water. Due to growth of tourism industry in our country by 8% even some peak season they are coming18% more than the last year. Most of the tourist is only habituated to take safe drinking waters. Packed bottled mineral water is the only main resources in our country to safe drinking water. There is chance of acute, shortage of drinking water due to low under ground water level from the part. Hence in future there is much more scope of contamination and polluted water. For getting safe drinking water mineral water bottle will be the safest one. On that base it can be concluded that scope of mineral water will be much more increased in the future. Growing Prospects for Tourism Industry: Tourism is gaining increasing importance these days. The liberalization has given boost to this industry. The private sector entry in transports has also been advantageous to this sector. Entry of private sector, into many other industrial areas, entry of multinationals, NRI business house in wake of liberation is likely to result in big boost in business travel. International media coverage, increasing awareness about travel, even among laymen and holiday are now really developing. Government has announced national action plan for tourism in May, 1992 to boost tourist arrivals and foreign exchange earnings. India, with its historical, natural and cultural background is a favorite place for tourists from all over the world. In light of this, an attempt is made to study the growing prospects of investment in tourism industry. Tourism can mainly be classified into business of travel and holiday. As an industry, it broadly covers hotels, travel agencies and various transport services. Therefore the industry is hearing dependent on vital infrastructure like rail and road route, communication, etc. Tourist Arrivals in India:- The tourist comes in India from all over the world. However, the highest number comes from U.K., U.S.A. and Germany. It is well known that lack of adequate infrastructure is the primary constraint in achieving the full potentials. India is a long haul destination for most tourists because the generating markets that India primarily depends on are far away. Therefore, to attract more people to come to India, the overall welcome and the incentives will have to be better than those offered by competition destinations. A number of small things, which add up to making a place an attractive destination, will have to be looked into. First is the issue of making access to India easy. The visa formalities should be simplified and computerized for easy verification. Tourists, who have so many competing options, will be attracted to places to which communication is easy and inexpensive. Most of the countries, which have made rapid progress in tourism in recent time, are distinguished by easy availability of air seat capacity, modern and efficient air transport handling facilities and free access by charter flights. These are areas, which need urgent attention in India. The de facto capacity now available may be less than the desirable level in view of the increasing number of Indians traveling abroad and ease of access to our competing neighboring countries in Southeast Asia. Similarly, internal connectivity to important places of tourist attraction has not always been optimal. Khajuraho languished for years because of this deficiency, so did Ladakh. India is a large country with huge population. The spread of industrial growth and trade make involved people to go from place to place. The numbers of people moving for relaxation sight-sight-seeing and religious pilgrims have increased sizably. Precise data on them are not available. However, data on air and rail traffic indicate mobility of people within the country. India has traditionally been viewed as a market for cultural tourism, with visits to ancient seats of culture. The tourism department has now hit the idea of diversifying the form of tourism especially in view of the diversity of resources available in the country. This great emphasis is being laid on leisure and holiday tourism winter and water skiing, adventure tourism and sports. The diversification programme includes development of beach resorts, organizing trekking, mountaineering, sking, water sports, wildlife sanctuary visits and since recently river rafting. The Himalayas which is a unique tourism resource is being tapped for organizing trekking trips for young visitors. Besides water sports are also being promoted in certain locations. It has been found the no-package tourists spent major part of their tour budget on accommodation and food and about 25 percent on shopping. However package tourists spent nearly 65 of their budget on shopping. The most substantive benefit of tourist inflow is the foreign exchange earned by the country. Over the years the exchange earning from tourism has gone up steadily and now is equal to the earnings of some major categories of merchandise exports.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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TAMARIND BASED PRODUCTS- Tartaric Acid, Food Colour, Crude Pectin, Tamarind Oil, Tamarind Protein - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery

Tamarind is one of the vegetables or fruits, which is abundantly available in India and Africa. It has very good commercial value. We can commercially manufactured tartaric acid, invert sugars, food colour, crude pectin, tamarind protein and tamarind seed oil. There is tremendous commercial potential of this product. It is used in the different pharmaceutical preparations. It is used as cleaning chemicals in boilers and heat exchanger, for the preparation of jellies jam marmalade, bubble gum etc. Tartaric acid is one of the import substitute high value product. It has largely industrial use; it is used in the food items and for the preparation of different synthetic chemical products. It can be used in the paint industry, soap industry etc. There is good market demand of these products though there is no remarkable market growth is recorded. A new entrepreneur can confidently venture in this field. Cost estimation Capacity 3200 Kgs/day or Tartaric Acid – 1500 Kgs/day Food Colour – 300 Kgs /day Crude Pectin – 800 Kgs/day Tamarind Oil – 300 Kgs &/ day Tamarind Protein – 300 Kgs/day.
Plant capacity: -Plant & machinery: 143 Lakhs
Working capital: -T.C.I: 477 Lakhs
Return: 41.00%Break even: 44.00%
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PALM OIL (REFIND, BLEACHED)- Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

The palm oil which originated in West Africa is also extensively cultivated in Congo, South East Asia and Central and South America. An old palm now growing in the botanic gardens at bogor some miles inland from Jakarta. The oil from the palm fruit is commercially important. It is one of the most important lauric oil. It is used in soap manufacture, pharmacy, chocolate and margarine manufacture, candle, cutting tool lubricant etc. In view of the many uses of palm oil the product has a wide potential, in view of the expansion targets of end user industries. These end user industries have a inter linked network with many other industries and this has generated a wide scope. A new entrepreneur can undertake the production of palm oil.
Plant capacity: 12 MT/dayPlant & machinery: 44 Lakhs
Working capital: -T.C.I: 420 Lakhs
Return: 58.00%Break even: 27.00%
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PALM OIL (REFINED, BLEACHED)- Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

The palm oil which originated in West Africa is also extensively cultivated in Congo, South East Asia and Central and South America. An old palm now growing in the botanic gardens at bogor some miles inland from Jakarta. The oil from the palm fruit is commercially important. It is one of the most important lauric oil. It is used in soap manufacture, pharmacy, chocolate and margarine manufacture, candle, cutting tool lubricant etc. In view of the many uses of palm oil the product has a wide potential, in view of the expansion targets of end user industries. These end user industries have a inter linked network with many other industries and this has generated a wide scope. A new entrepreneur can undertake the production of palm oil.
Plant capacity: 12 MT/dayPlant & machinery: 44 Lakhs
Working capital: -T.C.I: 420 Lakhs
Return: 58.00%Break even: 27.00%
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Parboiled Rice Mill with Rice & Corn Flakes - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

The term parboiling covers the operation to which the paddy is subjected before milling. Water and heat are the two main elements in the process. After steeping followed by heating, which involves the action of steam. The rice must be dried milling and storage. Corn flakes are used mainly as break-fast food along with milk. They are also used for making any delicious food by cooking. It contains carbohydrates, protein and starch. Rice flakes has also an important role in popularizing wheat in traditionally non-wheat consuming regions of the country. At present, there are only few leading companies engaged in the manufacture of corn flakes to cater to the needs of the upper and affluent classes of society. It is estimated that about 500 tonnes of corn flakes are produced annually in our country. Rice flakes, improved by the addition of suitable flavouring and sweetening agents, could compete with corn flakes as a breakfast food. The new entrepreneur can well venture into this field.
Plant capacity: Parboiled Rice: 3000 MT/Annum, Broken Rice : 230 MT/A, Rice Flake 1500 MT/A, Corn Flakes:1500 MT/APlant & machinery: Rs. 85 Lakhs
Working capital: -T.C.I: Cost of Project Rs. 308 Lakhs
Return: 40.00%Break even: 58.00%
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Packaged Drinking Water - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

Bisleri, which pioneered the packaged drinking water business in India, catering to consumers need to have hygienic drinking water while on the move or even at home, is literally changing its colours and going for a makeover. The brand that was till now marketed as packaged drinking water will now be available in a natural avatar. The natural water segment, which accounts for about 5% of the total bottled water segment, is expected to grow by leaps and founds as health awareness and disposable incomes rise. The bottled water industry is worth Rs. 1,000 crore in India and is growing at 40% per annum. It is projected to reach Rs. 5,000 crore by 2010. At present Himalaya leads the segment with a 50% market share. Any entrepreneur may go into this field, will be successful.
Plant capacity: 30,000 Thousand Nos./Annum or 1,00,000 Bottles /dayPlant & machinery: Rs. 105 Lakhs
Working capital: -T.C.I: Cost of Project Rs. 282 Lakhs
Return: 44.00%Break even: 63.00%
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Mosquito Coil - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics

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Plant capacity: 2500 Pkts/dayPlant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Rice Bran Oil from Rice Bran - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

Plant capacity: 40 MT/DayPlant & machinery: Rs. 207 Lakhs
Working capital: -T.C.I: Rs. 1929 Lakhs
Return: 52.00%Break even: 38.00%
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GYPSUM PLASTER BOARDS - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

For a building being constructed the one and only thing which is to be considered is its strength of bearing load of both environmental artificial. But now-a-days not only strength but the look of the construction also matters. For giving good strength & attractive look Gypsum Plaster Boards are used. These boards are made up of Gypsum with about 15% fibre. These boards are fire resistive, crack resistive, water repellent & by low cost. The fixing of boards is also easy. They permit direct application of decorative finishes without plastering. Due to lots of good features these boards are in demand so the future of Gypsum Plaster Board industry is very bright.
Plant capacity: 3000 MT / AnnumPlant & machinery: -
Working capital: -T.C.I: -
Return: 41.00%Break even: 54.00%
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Aluminium Foil - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Layout

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Plant capacity: 100 MT/dayPlant & machinery: Rs. 240 Lakhs
Working capital: -T.C.I: Rs. 1279 Lakhs
Return: 46.00%Break even: 35.00%
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Information
  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.

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