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

Minerals: Project Opportunities in Madhya Pradesh

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.

RESOURCES:

Madhya Pradesh has a unique geographical location - it is centrally located sharing borders with six States - and its vast mineral resources are great incentives for prospective investors. Being a mineral-rich State, it has tremendous potential for cement, ceramic and asbestos manufacturing industries. Besides, Madhya Pradesh is the only Indian State to have diamond mines. So cutting and polishing of diamonds can emerge as a major industrial activity here, fuelling the growth of the jewellery manufacturing industry. With 604,000 carats of proven diamond reserves it accounts for 99 per cent of Indian total reserves. It is the sole producer of diamonds in the country. Rich coal, copper, manganese, and dolomite reserves have attracted investors in large numbers. Madhya Pradesh is endowed with significant mineral resources. It also leads the country in the production of copper ore, slate, pyrophillite, diaspore, and is second in production of rock phosphate, clay and laterite. The state has the country’s largest open cast copper mine at Balaghat and the thickest coal seam of Asia at Singrauli coalfield in Sidhi district.

 

GOVERNMENT POLICIES:

Mineral policy of the State aims to explore new mineral deposits and enhance the productivity of the existing ones. The objectives of the policy are to discover new mineral deposits; undertake systematic and scientific exploitation of minerals; exploit the minerals with minimum adverse impact on the environment and forest wealth; promote research and development of minerals; encourage mineral based industries; encourage export of minerals; create greater employment opportunity in the mineral sector; constitute a mineral advisory board. The state government today announced a new mining policy. A mining development fund is also proposed under the new policy, to rope in private partners for exploration of minerals.

Mineral Policy 2010:

·         Survey, Prospecting and Assessment of Mineral Deposits

·         Strengthening of Mineral Administration

·         Prevention and Control of Illegal Mining and Transportation.

·         Grant of Mineral Concessions and Priority under Section 11(5) of

·         Mines and Mineral (Development and Regulation) Act, 1957

·         Mineral Concession for Minerals Found in Abundance in State.

·         Scientific and Systematic Mining

·         Land Use and Sustainable Development

·         Infrastructure Development in Peripheral area

·         Sanction of Mineral Concessions in Notified Tribal Areas

·         Environment and Forest Clearances

·         Increase in Mineral Revenue

 

Food Processing: Project Opportunities in Madhya Pradesh

PROFILE:

Food processing is a large sector that covers activities such as agriculture, horticulture, plantation, animal husbandry’s and fisheries. India is the world's second largest producer of food and has the potential of being the biggest with the food and agricultural sector. The total food production in India is likely to double in the next ten years and there is an opportunity for large investments in food and food processing technologies, skills and equipment, especially in areas of Canning, Dairy and Food Processing, Specialty Processing, Packaging, Frozen Food/Refrigeration and Thermo Processing. Fruits & Vegetables, Fisheries, Milk & Milk Products, Meat & Poultry, Packaged/Convenience Foods, Alcoholic Beverages & Soft Drinks and Grains are important sub-sectors of the food processing industry. India is one of the worlds major food producers but accounts for less than 1.5 per cent of international food trade.

RESOURCES:

Madhya Pradesh is the fourth largest producer of agri products in India with lowest consumption of fertilizer per hectare. The state ranks first in the production of soyabean, gram, oilseeds, pulses, and linseeds, maize. Agriculture is the main stay of the State economy, with about 74% of the population depended on it. Kharif crops occupies about 56% out of the total cropped area in the State, while rabi crops occupies about 44% of the area. Madhya Pradesh is the third highest producer of food grains (14.10 m. metric tonne) in the country. The major crops grown in the State are paddy, wheat, maize and jowar among cereals; gram, tur, urad and moong among pulses; soyabean, groundnut and mustard among oilseeds. The commercial crops like cotton and sugarcane are also grown in considerable area in few districts. The State is placed fourth in wheat production and eighth in rice production in the country. Thus, the agro-based industries have great potential for development in the State. The State Government is also making all efforts for the development of horticulture in the State. State is known as large producer of ginger, garlic, turmeric, chilli, coriander, banana, guava, tomato, oranges, papaya, etc. It has a vast scope to invest in this field. Besides, some medicinal crops and narcotic crops are also grown in the State.

GOVERNMENT POLICIES:

·         Most of the processed food items have been exempted from the purview of licensing under the Industries, Development and regulation, Act, 1951, except items reserved for small-scale sector and alcoholic beverages.

·         As per extent policy Foreign Direct Investment up to 100% is permitted under the automatic route in the food infrastructure like Food Park, Cold Chain and warehousing.

·         As far as food retail is concerned the FDI policy does not permit FDI into retail sector except Single Brand Product Retailing. This policy is uniform for all retailing activity.

·         FDI policy for manufacture of items reserved for the Small Scale Industry sector is uniform for all items so reserved and a separate dispensation for items in the food-processing sector is not contemplated.

·         No industrial license is required for almost all of the food and agro processing industries except for some items like beer, potable alcohol and wines, cane sugar, hydrogenated animal fats and oils etc. and items reserved for exclusive manufacture in the small scale sector.

·         Custom duty rates have been substantially reduced on food processing plant and equipments, as well as on raw materials and intermediates, especially for export production.

·         Corporate taxes have been reduced and there is a shift towards market related interest rates. There are tax incentives for new manufacturing units for certain years, except for industries like beer, wine, aerated water using flavouring concentrates, confectionery, chocolates etc.

 

Auto & Auto Components: Project Opportunities in Madhya Pradesh

PROFILE:

Indian auto component industry is robustly driven by the growth in demand for automobiles. The Indian auto component industry has been navigating through a period of rapid changes with great élan. Driven by global competition and the recent shift in focus of global automobile manufacturers, business rules are changing and liberalisation has had sweeping ramifications for the industry. The Indian auto component sector has been growing at 20% per annum since 2000 and is projected to maintain the high-growth phase of 15-20% till 2015. The Indian auto component industry is one of the few sectors in the economy that has a distinct global competitive advantage in terms of cost and quality. The value in sourcing auto components from India includes low labour cost, raw material availability, technically skilled manpower and quality assurance.

RESOURCES:

The size of the auto component industry in the state is $306 million. Sixty per cent of the auto industry in Madhya Pradesh is dominated by auto component players. The state has developed a 5,000-ha industrial cluster at Pithampur, which provides readily available infrastructure for companies willing to set up manufacturing facilities. The Government of India has sanctioned $11 million for an auto cluster in the Pithampur industrial area.

GOVERNMENT POLICIES:

In order to develop and realize the growth potential of this sector both at domestic and global level, and to optimize its contribution to the national economy, the Department of Heavy Industry has decided to draw up a 10 year Mission Plan for the development of Indian Automotive Sector and creation of global hub. To put Indian Auto Industry at the global map, National Automotive Testing and R&D Infrastructure Project (NATRIP) at the total cost of Rs. 1718 crore has been initiated. This project principally aims to:

·         create critically needed automotive testing infrastructure to enable the government in ushering in global vehicular safety, emission and performance standard,

·         deepen manufacturing in India, promote larger value addition and performance standards and facilitates convergence of India's strength and IT and electronics with automotive engineering, 

·         enhance India's abysmally low global outreach in this sector by debottlenecking exports, and 

·         Provide basic product testing, validation and development infrastructure so that Indian automotive sector would not face any export obstacle in the foreign market   In the Union Budget 2007-08, import duty on raw material had been reduced to 5-7.5 per cent from the earlier 10 per cent.

 

Textiles: Project Opportunities in Madhya Pradesh

PROFILE:

Textile industry is one of the major contributors to the total output of the fast growing Indian industrial sector which is at present revolving around 14%. India Textile Industry is one of the leading textile industries in the world. The opening up of economy gave the much-needed thrust to the Indian textile industry, which has now successfully become one of the largest in the world. India textile industry largely depends upon the textile manufacturing and export. It also plays a major role in the economy of the country. India earns about 27% of its total foreign exchange through textile exports. Further, the textile industry of India also contributes nearly 14% of the total industrial production of the country. It also contributes around 3% to the GDP of the country. India textile industry is also the largest in the country in terms of employment generation. It not only generates jobs in its own industry, but also opens up scopes for the other ancillary sectors.

RESOURCES:

Madhya Pradesh is famous for its extensive history of textiles. The most famous textile products in Madhya Pradesh include the Chanderi and Maheshwari Sarees. The handicrafts of Madhya Pradesh are a reflection of the rich culture and tradition of this state. The type of raw materials that are implemented might have changed throughout the years and the usage of the products manufactured has also changed but an extensive history of textile industries in the state keeps on contributing to the extremely unique handicrafts industry of the state.

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, 1995Government 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.

Cement Industry: Project Opportunities in Madhya Pradesh

PROFILE:

India is the second largest producer of quality cement in the world. The cement industry in India comprises 139 large cement plants and over 365 mini cement plants. The cement industry in India is experiencing a boom on account of overall growth of the Indian economy. The demand for cement, being a derived demand, depends mainly on the industrial activities, real estate business, construction activities and investment in the infrastructure sector. India is experiencing growth in all these areas and hence the cement market is moving ahead in spite of the world-wide economic recession. The cement industry in India is dominated by around 20 companies, which account for almost 70% of the total cement production in India.

 

RESOURCES:

Madhya Pradesh is the third largest producer of cement in the country. It is rich in cement producing minerals and has the appropriate know how and knowledge pool to run cement plant. At present, several major groups like Birla Corporation, Vikram cement, Prism cement, Diamond cements, Maihar cement and ACC Cement are growing manufacturing plants in Madhya Pradesh.

GOVERNMENT POLICIES:

In India, the Department of Industrial Policy and Promotion (DIPP), under the Ministry of Commerce and Industry, is the nodal agency for the development of cement industries, that is, it is involved in monitoring their performance at regular intervals and suggesting suitable policy incentives, as per the requirement. Growth in domestic cement demand is expected to remain strong, given the revival in the housing markets, continued Government spending on the rural sector, and the gradual increase in the number of infrastructure projects being executed by the private sector. Thus, the trend in demand growth seen during the last five years is expected to continue over the medium term. Also, with Government targeting an over 8% GDP growth rate, cement demand should grow at 8-10% over the next few years. The industry may be expected to add another 130-135 million tonnes of cement capacity in phases over the next four years, that is, during the period 2009-10 to 2012-13.

Tourism: Project Opportunities in Madhya 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:

Madhya Pradesh is called the Heart of India because of its location in the centre of the country. It has been home to the cultural heritage of Hinduism, Islam, Buddhism etc. Innumerable monuments, exquisitely carved temples, stupas, forts & palaces are dotted all over the State. The State of Madhya Pradesh has innumerable sites for tourist attraction ranging from preserved medieval cities and wildlife sanctuaries to pilgrim centres. It includes monuments, archaeological sites, carved temples, stupas, forts, palaces, etc. Gwalior, Mandu, Datia, Chanderi, Jabalpur, Orchha, Raisen, Sanchi, Vidisha, Udaygiri, Bhimbetika, Indore and Bhopal are the places well-known for their historical monuments. Archaeological treasures are preserved in the museums at Satna, Sanchi, Vidisha, Gwalior, Indore, Mandsaur, Ujjain, Rajgarh, Bhopal, Jabalpur and Rewa. Unique temples of Khajuraho are famous all over the world. The temples of Orchha, Bhojpur and Udaypur attract large number of tourists as well as pilgrims. Maheshwar, Omkareshwar, Ujjain, Chitrakoot and Amarkantak are major centres of pilgrimage. Other important places of tourist interest in the State are Pachmarhi, Marble Rocks, Dhuandhar Fall at Bhedaghat, Kanha National Park, Barasingha and Bandhavgarh National Park. Given this, the Government of Madhya Pradesh had envisaged a tourism policy in order to create an environment conducive for encouraging private investment in the tourism sector. It is one of the major objectives is to promote eco and adventure tourism. Eco-Tourism is that form of tourism in which the tourist is able to enjoy nature and see wild life in its natural habitat. Adventure tourism provides the tourist with a special thrill and feeling of adventure whilst participating in sporting activities in rivers, water bodies, hills and mountains.

GOVERNMENT POLICIES:

Some of the salient features of the Tourism Policy are:

·         The policy proposes the inclusion of tourism in the concurrent list of the Constitution to enable both the central and state governments to participate in the development of the sector.

·         No approval required for foreign equity of up to 51 per cent in tourism projects. NRI investment up to 100% allowed.

·         Automatic approval for Technology agreements in the hotel industry, subject to the fulfilment of certain specified parameters.

·         Concession rates on customs duty of 25% for goods that are required for initial setting up, or for substantial expansion of hotels.

·         50% of profits derived by hotels, travel agents and tour operators in foreign exchange are exempt from income tax. The remaining profits are also exempt if reinvested in a tourism related project.

Gems and Jewellery: Project Opportunities in Madhya Pradesh

PROFILE:

The gems and jewellery industry occupies an important position in the Indian economy. It is a leading foreign exchange earner, as well as one of the fastest growing industries in the country. The two major segments of the sector in India are gold jewellery and diamonds. Gold jewellery forms around 80 per cent of the Indian jewellery market, with the balance comprising fabricated studded jewellery that includes diamond and gemstone studded jewellery. Besides, India is world's largest cutting and polishing Industry for diamonds, well supported by government policies and the banking sector with around 50 banks providing nearly $3 billion of credit to the Indian diamond industry.

RESOURCES:

 Madhya Pradesh is the only Indian State to have diamond mines. So cutting and polishing of diamonds can emerge as a major industrial activity here, fuelling the growth of the jewellery manufacturing industry. With 604,000 carats of proven diamond reserves it accounts for 99 per cent of Indian total reserves. It is the sole producer of diamonds in the country.

GOVERNMENT POLICIES:

The government's interest in the sector is evident from the FDI policy which allows 100% FDI and 74% in exploration and mining of diamonds and precious stones and 100% for gold and silver and minerals exploration, mining, metallurgy and processing. Gems and Jewellery, diamonds and precious metals have been given a special thrust by the Ministry of Commerce & Industry, Government of India, under the Foreign Trade Policy through the following measures:

·         Allowing 100 per cent FDI in the gems and jewellery sector under the automatic route;

·         Abolishing duty on polished diamonds;

·         Lowering import duty on platinum and exempting rough, coloured, precious gems stones from customs duty.  Rough, semi –precious stones are also exempted from import duty;

·         Setting up of Gems and Jewellery Parks and SEZs to stimulate sectoral investments;

·         Allowing import of gold of 8 k and above under replenishment scheme, subject to the condition that import being accompanied by an Assay Certificate specifying purity, weight and alloy content;

Permitting import of Diamondson consignment basis for Certification /Grading, and re-export by the authorized offices/agencies of Gemological Institute of America (GIA) in India or other approved agencies.

Waste management: Project Opportunities in Madhya Pradesh

PROFILE:

Waste utilization, recycling and reuse plays a major role in limiting resource consumption and the environmental impact of waste. Recycling is an integral part of any waste management system as it represents a key utilization alternative to reuse and energy recovery (Waste-to-Energy). Which option is ultimately chosen depends on the quality, purity and the market situation. 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:

Madhya Pradesh produces roughly around 7,999 tonnes of electronic waste annually and it stands at 7th place in waste generation in the country, he added. As Madhya Pradesh does not have a recycling unit for electronic waste, we are thinking over sending it to Maharashtra and other states

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.

Power: Project Opportunities in Madhya Pradesh

Profile

The power industry is responsible for the production and delivery of electrical energy in sufficient quantities via a power grid. Given the demand for electricity is uniform across all domestic, industrial and commercial operations, power is viewed as a public utility and basic infrastructure. The electrical power industry is commonly split up into four processes, namely, electricity generation (e.g. power station), electric power transmission, electricity distribution and electricity retailing. In many countries, electric power companies own the whole infrastructure from generating stations to transmission and distribution infrastructure. For this reason, electric power is viewed as a natural monopoly and is thus heavily regulated.

Resources

Madhya Pradesh is well endowed with hydroelectric power potential, and a number of hydroelectric projects have been developed jointly with neighbouring states. Madhya Pradesh also draws a portion of its power from several thermal stations located within the state. Most of these thermal plants are coal-fired. Madhya Pradesh Power Generating Co. Ltd (MPPGCL) is a wholly owned company of Government of Madhya Pradesh engaged in generation of electricity in the state of Madhya Pradesh. It is a successor entity of erstwhile Madhya Pradesh State Electricity Board (MPSEB). The Company, while operating and maintaining its existing units, is also constructing new Power Plants for increasing capacity in the State of Madhya Pradesh. The Company has been incorporated as a part of the implementation of the power sector reform in Madhya Pradesh initiated by the Government of Madhya Pradesh. There are four thermal power station in MP; Satpura TPS in Betul having installed capacity of 1017.5 MW, Sanjay Gandhi TPS        in Umaria  with capacity 1340 MW, Amarkantak TPS in Anuppur with capacity 450 MW and Vindhyachal STP in Sidhi with capacity 3260 MW.

Government policies

The Government of India has modified the Mega Power Policy to smoothen the procedures further.  The modified Mega Power Policy is as follows:

(i) The power projects with the following threshold capacity shall be eligible for the benefit of mega power policy:

(a) A thermal power plant of capacity 1000 MW or more; or

(b) A hydel power plant of capacity of 500 MW or more

(c) Government has decided to extend mega policy benefits to brownfield (expansion) projects also. In case of   brownfield (expansion) phase of the existing mega project, size of the expansion unit(s) would not be not less than that provided in the earlier phase of the project granted mega power project certificate.

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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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Setting up a Multispeciality Hospital (200 Bedded)

A hospital is a health-care facility that provides specialised medical and nursing services as well as medical equipment to patients. The most well-known type of hospital is the multispecialty hospital, which often features an emergency room to address urgent health issues such as fire and accident victims, as well as acute illness. Trauma centres, rehabilitation hospitals, children's hospitals, seniors' (geriatric) hospitals, and hospitals for specific medical requirements such as mental care and certain disease categories are all examples of specialised hospitals. When compared to normal hospitals, specialised hospitals can help save money on health treatment. Depending on the sources of revenue, hospitals are categorised as general, speciality, or government. A multi-specialty hospital is a health-care organisation that provides preventive, curative/ameliorative, palliative, or rehabilitative services, according to various definitions. It's designed to help individuals with a variety of diseases. A private hospital is a facility where patients can receive treatment for anything from a little fever to a major surgery. At truth, there are no restrictions on the kind of services that can be provided in a hospital. However, all private hospitals are equipped with the most up-to-date technology and equipment. Surgeons, physicians, E.N.T., specialists, children's specialists, eye surgeons, psychologists, and sex experts are all important in a hospital. The hospital industry's structure is complicated in nature, as it may be viewed from various perspectives. Because each hospital is unique in terms of structure, functions, performance, and the community it serves, each has its own set of characteristics. A speciality hospital is one that focuses on a certain sub-specialty of medicine (Urology, General Surgery, Cosmetic surgery, Bariatric surgery, Clinic Pathology, Padeatrics & Neonatology). For significant procedures, consultations with sub-specialists, and when sophisticated intensive care facilities are necessary, patients are frequently referred from smaller hospitals to a specialty hospital. These hospitals feature highly skilled professionals, cutting-edge equipment, and provide services 24 hours a day, seven days a week. Specialized diagnostics, dialysis for acute renal failure, ventilation for patients with respiratory failure, and intensive care for critically ill patients are all available at these facilities. These hospitals conduct research and have a well-stocked library. In 2020, the global hospital market was valued at USD4207.46 billion, and it is predicted to increase at a CAGR of 6.70 percent over the next five years. This is due to the expanding geriatric population, which is afflicted with a variety of chronic ailments such as cancer, diabetes, cardiovascular disease, and renal disease, among others. As a result, the number of patients in need of therapy has grown. Furthermore, rising healthcare expenditures by governments around the world, as well as the penetration of large hospital chains, are likely to drive market expansion in the coming years. Furthermore, through 2026, rising awareness and developments in diagnostic technologies are likely to generate profitable prospects for market expansion. Hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment are all part of India's healthcare industry. The healthcare sector is expanding at a breakneck speed, thanks to expanded coverage, services, and increased spending by both public and private entities. The hospital industry in India, which accounts for 80% of the entire healthcare market, is seeing a lot of interest from both international and domestic investors. The hospital industry is predicted to increase at a CAGR of 16-17 percent from $61.8 billion in 2017 to $132 billion in 2023.
Plant capacity: 200 Bedded HospitalPlant & machinery: 140 Cr
Working capital: -T.C.I: Cost of Project: Rs. 212.48 Cr
Return: 27.00%Break even: 50.00%
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Rising Demand in Spinning Mill

The textile business relies heavily on spinning. It is a step in the textile production process that involves converting three types of fibre into yarn, then fabrics, which are subsequently finished with bleaching to form textiles. After that, the fabrics are made into garments or other items. Three industrial spinning technologies are available, as well as a handicraft community that uses hand spinning techniques. Spinning is the technique of twisting together pulled out strands of fibres to make yarn, though it is also used to describe the process of drawing out, twisting, and winding onto bobbins. Spinning is the most expensive step in the process of turning cotton fibres into yarn. Currently, ring-spinning frames create over 85% of the world's yarn, which are designed to draught the roving into the proper yarn size, or count, and impart the correct amount of twist. The strength of the yarn is proportional to the amount of twist. The length to length feed ratio might be anywhere between 10 and 50. Roving bobbins are put on holders that allow the roving to pass freely into the ring-spinning frame's drafting roller. The bobbin's spindle spins at a rapid pace, causing the yarn to expand when the twist is applied. The yarn on the bobbins is too short to be used in following processes, therefore it is doffed into "spinning boxes" and transferred to the next step, which could be spooling or winding. The worldwide textile industry was estimated to be worth USD 1000.3 billion in 2020, and it is forecast to increase at a CAGR of 4.4 percent from 2021 to 2028. Over the forecast period, the market is likely to be driven by rising demand for garments from the fashion industry, as well as the rise of e-commerce platforms. The textile industry is based on three main principles: developing, manufacturing, and distributing various flexible materials like yarn and clothes. Knitting, crocheting, weaving, and other methods are commonly employed to produce a wide range of completed and semi-finished goods in the bedding, clothing, apparel, medical, and other accessory industries. In the Indian manufacturing industry, the textile industry is at the top of the food chain. It was anticipated to contribute 14% to industrial output, 4% to GDP, and around 11% to India's export revenues. Furthermore, it employs over 35 million people directly and is the country's second largest employer. Its direct ties to the rural economy, which rely on fibre crops, are also strongly tied to a variety of crafts, including as those involving cotton, wood, and silk, and handlooms, which employ millions of farmers and craftsmen in rural and semi-urban areas. In a global context, the industry accounts for 61 percent of loomage, 22 percent of spindleage, 12 percent of textile fibres and yarn output, and 25 percent of total world cotton yarn trade. Few Indian Major Players 1. Aarti International Ltd. 2. Bhuvaneshwari Textiles Pvt. Ltd. 3. C T Cotton Yarn Ltd. 4. Dumraon Textiles Ltd. 5. Durairaj Mills Ltd. 6. Emmay Logistics (India) Pvt. Ltd. 7. Eurotex Industries & Exports Ltd.
Plant capacity: 30s Combed Cotton Yarn: 20.8 MT Per Day | Cotton Waste Comber Noil: 3.3 MT Per Day | Cotton Waste Carding: 2 MT Per DayPlant & machinery: 59 Cr
Working capital: -T.C.I: Cost of Project: Rs. 82.94 Cr
Return: 26.00%Break even: 45.00%
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Setting a Profitable Business of Edible Oil Refinery (Soya & Palm)

Fruits, plants, and animals are all sources of edible oil. It is used in the preparation of a variety of dishes. Soybean, palm, rapeseed, and sunflower oils are popular with purchasers among the many varieties of edible oils available commercially. Because of the growing popularity of crude, natural, healthy, and organic vegetable oils, the edible oil industry is expected to increase significantly in the future years. Low-fat, low-cholesterol, and low-calorie vegetable oils are expected to increase rapidly as people throughout the world become more health conscious. Edible oils are primarily used in cooking, however oils such as coconut oil, almond oil, and peanut oil are occasionally used in personal care products such as hair oils and soaps. Almond oil is also ideal for producing hard candies. It's perfect for candy centres, fondants, frostings, and fudges. Chocolate and chocolate coatings can be made using this flavour. Vegetable oils are also mixed into animal feed to boost their nutritional intake and fatten them up. Edible oil can be used to make bio-diesel, lubricants, solvents, and emulsions on a modest scale. The oil palm, Elaeisguineensis, is an African native. The oil derived from the mesocarp of the fruit - palm oil - and the kernel of the nut - palm kernel oil - are the major economic assets of this crop. In fact, the oil palm is the only fruit capable of producing both types of oil. Both are edible oils, but their chemical composition, physical qualities, and applications are vastly different. Palm oil is primarily used in the kitchen in the form of cooking oil, margarine, and shortening, but it also has non-food uses in the form of soap, detergent, and cosmetics. Soybean Oil: Soybean oil is high in linoleic and linolenic acid, two important fatty acids. These polyunsaturated fatty acids lower serum cholesterol through reducing lipoprotein (LDL) synthesis and promoting lipoprotein breakdown, as well as by the impact of linolenic acid. Linolenic acid lowers plaque development and thrombosis via boosting prostaglandin E3 production and lowering platelet aggregation. Edible oil is a type of cooking oil made from the fat of plants, animals, or microbes. At room temperature, edible oils are liquid and safe to consume. Triacylglycerides make up 96 percent of edible oils. Edible oils include ghee, mustard oil, sunflower oil, olive oil, rice brown oil, groundnut oil, soya oil, and palm oil, to name a few. Edible oils include trace levels of antioxidants that keep them from oxidising. Antioxidants are also added to edible oils to extend their shelf life. Antioxidants must, however, be provided in adequate amounts. The global demand for edible oils is expected to reach its peak due to increased awareness and appeal of unprocessed, non-refined, nutritious organic oils. The need for edible oils is being driven by the increased demand for omega 3 acid in foods. Due to a solid supply chain of edible oil products, the retail segment will further broaden the scope of growth for the edible oils market. More attractive growth prospects for the edible oils business will be created as personal disposable income rises. The global edible oil market is expected to increase at a CAGR of 3.57 percent from USD96.878 billion in 2019 to USD119.571 billion by the end of 2025, from a market size of USD96.878 billion in 2019. Because of the growing popularity of unrefined, unprocessed, nutritious, and organic oil, the worldwide edible oil industry is expected to develop significantly. Due to increased health consciousness among people all over the world, vegetable oils with minimal cholesterol, fat, and calories are anticipated to acquire a lot of traction in the future years. Furthermore, considerable improvements in the retail network, rising agricultural yields, oil output, and expanding economies are some of the primary factors driving the global edible oil industry forward. Few Indian Major Players 1. Adani Wilmar Ltd. 2. Betul Oil Ltd. 3. Divya Jyoti Inds. Ltd. 4. Edible Products (India) Ltd. 5. G-One Agro Products Ltd. 6. Hindustan Vegetable Oils Corpn. Ltd. 7. Itarsi Oils & Flours Pvt. Ltd.
Plant capacity: Refined Palm Oil: 50 MT Per Day | Refined Soya Oil: 50 MT Per Day Plant & machinery: 7 Cr
Working capital: -T.C.I: Cost of Project: Rs. 36.14 Cr
Return: 27.00%Break even: 45.00%
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Start Manufacturing of Aluminium Ingots from Aluminium Scrap

Aluminum is a light-weight silver-white metallic element that accounts for about 7% of the earth's crust. Steel (7480-8000 Kg/cubic metre) and copper (8930 Kg/cubic metre) weigh about a third as much. Aluminum is malleable, ductile, and easy to cast, with good corrosion resistance and durability. It is mined as bauxite ore and occurs predominantly as alumina when combined with oxygen. India possesses about 10% of the world's bauxite reserves and a bauxite-dependent aluminium industry. Demand is predicted to increase by 8-10% in the domestic market. India is estimated to have a capacity of 1.7 to 2 million tonnes of aluminium installed by 2020. Blooms, billets, and slabs are smaller casting results, whereas ingots are larger and more shaped. The cross section of an ingot is usually rectangular or square, but it is not required to be uniform across its length. (The cross section of the ingot may vary.) India's share of the global aluminium market is expected to be around 3%. After Australia (62 million tonnes), Guinea (17.50 million tonnes), Brazil (16.20 million tonnes), and China, India ranks fifth in bauxite output (10.75 mntonnes). With a total output of 9.25 million tonnes, India contributes around 6% of the world's total production of 159 million tonnes. India ranks sixth in reserves base, ahead of China with 2300 million tonnes. With a total output of 3 mntonnes, India ranked sixth in alumina production, accounting for approximately 5% of global production of 61 mntonnes. Aluminium is used in a wide range of applications, from aeroplane construction to packaging, with the electrical industry being a major consumer. The two sectors that account for more than half of the overall offtake are electricity and transportation. Power, transportation, consumer durables, packaging, and construction are the most important consumer industries in India. Power is the largest consumer (about 44% of total), followed by infrastructure (17%) and transportation (13%). (about 10 percent to 12 percent). Over the next five years, India's aluminium industry is expected to see a significant increase in demand. To add additional value to their downstream product portfolios, major companies are increasing large capacity and investing in new technology. This is being done to capitalise on rising demand in the building and construction sector, as well as transportation (metro and high-speed railway coaches), electrical and electronic consumer durables, and next-generation applications such as solar reflectors. Aluminum is also employed in the defence sector to make naval ships and surveillance drones. Few Indian Major Players 1. Aravali Infrapower Ltd. 2. Baheti Metal & Ferro Alloys Ltd. 3. Bothra Metals & Alloys Ltd. 4. Gravita India Ltd. 5. Indo Alusys Inds. Ltd. 6. Namo Alloys Pvt. Ltd. 7. Nealex Alloys Pvt. Ltd. 8. Perfect Alloys & Steel Ltd.
Plant capacity: Aluminium Alloy Ingots: 14 MT per day | Aluminium Scrap: 0.23 MT per dayPlant & machinery: 7 Cr
Working capital: -T.C.I: Cost of Project:Rs. 33.15 Cr
Return: 1.00%Break even: N/A
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How to Start Undergarments (EOU) Manufacturing Industry | A Complete Business Plan on Men’s Undergarments Manufacturing

Men’s underwear is a form of close-fitting underwear worn by men. Men's undergarments are usually made of cloth, and intended to be durable, protective, fashionable and absorbent. They serve many purposes, ranging from support and protection for various parts of the body to enhancing male physical attributes as desired for erotic purposes. Men have been wearing some form of undergarment since prehistoric times, and all cultures have developed their own types and styles. In Western culture, men normally wear briefs or boxer shorts (informal), or boxer briefs (more formal). More recently, tighter-fitting jockstraps (also called supporter shorts) have become popular among adolescent boys in school locker rooms. Visit this Page for More Information: Start a Business in Readymade Garments Industry Uses of Men’s Undergarments Better Absorption: By wearing Men’s Undergarment (EOU), one can assure complete freedom from wetness and discomfort due to chafing during activities like workouts or when practicing sports activities. Thus, Men’s Undergarment (EOU) help in better absorption of sweat by keeping your skin dry. Related Project Report: Production Industry of Men’s Undergarment (EOU) Convenience: Wearing Men’s Undergarment (EOU) is convenient, especially for those who prefer exercising without shorts on. Since it provides a barrier between your skin and your pants, Men’s Undergarment (EOU) makes you feel more comfortable and less restricted during activities like sports and workouts. Health Benefits: Wearing Men’s Undergarment (EOU) also helps in keeping one safe from any infections that can be caused due to sweat by absorbing it better compared to plain pants or briefs. They keep your private parts free from rashes and infection caused by bacteria, and thus, help you stay healthy and fit. Read Similar Articles: Industry: Textile Industry Cost-Effective: Buying Men’s Undergarment (EOU) is extremely cost-effective because of its low maintenance cost as well as its ability to last for a long time without wearing out easily. Men’s Undergarment (EOU) can be washed and used again and again, unlike many other clothing items that need frequent replacement due to constant wear and tear. This makes Men’s Undergarment (EOU) an inexpensive way of dressing up, compared to buying new clothes regularly. Variety: Men’s Undergarment (EOU) are available in different materials, styles and designs which help them cater to all kinds of preferences. For instance, you can find Men’s Undergarment (EOU) made from cotton lycra blends or microfiber fabrics which are lightweight while also being soft against your skin; they are also ideal for people who tend to get irritated by common fabrics like cotton or polyester. Watch Video: Cutting a pattern and generating cloth mock-ups are the first steps in the Men's Underwear manufacturing process. Patterns are composed of paper and are used to make all fitting components, such as tops, bottoms, inserts, and special things like belts and ties. Fabric mock-ups are made by folding or cutting out paper patterns on fabric to get a general concept of how an item will look once it is finished. After all of the elements from the mock-up have been cut out, they can be put together to make a working garment. Related Feasibility Study Reports: Readymade Garments, Textile & Textile Auxiliaries, Hosiery, Spinning, Jeans and Under Garments Hand or machine stitching is an option. Any openings are sewed shut with either manual sewing (with needles) or machine sewing when the stitching is finished (using specialised equipment). Garments can be put together with zippers, snaps, and buttons in addition to stitching. Assembly is completed by trimming surplus material. Before being distributed to retailers or wholesalers, finished clothing are inspected for flaws. Read our Books Here: Textile Spinning, Processing, Natural Fibers, Natural Dyes, Pigments, Textile Dyes, Pigments, Dye Intermediates, Woollen Spinning, Weaving, Knitting, Dyeing Technology Market Outlook The global men’s underwear market size is expected to register a CAGR of 5.3% from 2019 to 2025. Increasing awareness about health, best fit, and personal hygiene coupled with growing millennials population is expected to drive the growth. Increasing availability of a wide range of products and designs suitable for various purposes including sports, regular wear, and functional wear among other is anticipated to further fuel the product demand. Watch other Informative Videos: Textile Industry Improving fashion trends, increasing disposable income, and changing consumer lifestyle and preferences are expected to boost the market growth. Increasing concern regarding the fabric used for manufacturing underwear is one of the major factors driving the market. Availability of products in a variety of fabrics such as cotton, polyester, nylon, rayon, silk, and cotton blends is driving the product demand. Manufactures focus on intimate product designs and patterns such as thongs, C-string, tanga, and jockstraps among others to cater to a larger consumer base. 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 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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Business Plan for Setting up Medical College with Hospital

A medical college is designed to provide students with medical education in order to qualify them as doctors in several specialised areas so that they can treat patients suffering from various illnesses. Doctors, with their determined spirit, serve the nation as a whole by giving medication and treatment for the eradication of diseases that rob people of their health and cause them to suffer. Medical College means an institution, whether known as such or by another name, that offers a programme beyond 12 years of schooling for obtaining a recognised MBBS qualification from a university and that is recognised as competent to offer such programmes of study and present students enrolled in such programmes of study for the examination for the award of a recognised MBBS/PG Degree/Diploma from such university, in accordance with the rules and regulations of such university. A hospital is a health-care agency that provides preventive, curative/ameliorative, palliative, or rehabilitative treatments, according to various definitions. Hospitals nowadays also include bio-social research, teaching and training facilities for all hospital employees, and a health team that comprises not only doctors and nurses, but also para-professionals, paramedical staff, pharmacists, and other healthcare professionals. Increased negligence by these institutions' doctors, as well as overpopulation, provided a chance for private hospitals to thrive. A growing number of private hospitals have opened, offering everything from E.C.G.S. to X-Rays to Laboratories, as well as 24-hour emergency and admission services for sick people, badly injured people, and pregnant women. Because one's life is deemed to be much more expensive and bills for treatment can be overlooked, middle and upper-class families began to prefer these private hospitals and nursing homes. The sector of colleges and universities is predicted to increase steadily. High unemployment and difficult economic situations prompted more people to pursue higher education in order to improve their job market competitiveness; the consistent rise in high school retention rates also boosted college enrolment. Industry revenue is expected to grow over the next five years, according to IBIS World, due to consistent demand for higher education. The Indian healthcare business, which is one of the fastest expanding, is predicted to increase at a CAGR of 22.87 percent from 2015 to 2021, reaching USD280 billion. In India, there is a lot of room to expand healthcare services penetration, which means the healthcare industry has a lot of room to grow. India is a land brimming with prospects for medical device companies. With massive capital investment in advanced diagnostic facilities, the country has also become one of the main destinations for high-end diagnostic services, catering to a larger part of the population. Furthermore, Indian medical service consumers have become more aware of the need of maintaining their health. The Indian healthcare industry is extremely diverse, with potential in every segment, including providers, payers, and medical technology. Businesses are looking for the latest dynamics and trends that will have a favourable impact on their business as the competition grows. The hospital business in India is expected to grow at a CAGR of 16–17 percent from Rs. 4 trillion (US$ 61.79 billion) in FY17 to Rs. 8.6 trillion (US$ 132.84 billion) in FY22. Key Players 1. A V P Research Foundation 2. Aakash Educational Services Ltd. 3. Adani Hospitals Mundra Pvt. Ltd. 4. Apple Hospitals & Research Institute Ltd. 5. Artemis Medical Institute & Hospitals Pvt. Ltd.
Plant capacity: 150 Students Admitted per Annum 100 Bedded HospitalPlant & machinery: 14.55 Cr
Working capital: -T.C.I: Cost of Project: 73.05 Cr
Return: 31.00%Break even: 49.00%
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Sodium Hydrosulphite Manufacturing Business

The chemical substance sodium hydrosulfite, commonly known as sodium dithionite or sodium hydrosulfide, has the formula NaHSO2. The chemical is the sodium salt of hydrosulfuric acid, consisting of sodium ions linked to two sulphur dioxide molecules. It's utilised in chemical operations as an oxygen scavenger, as well as in the filtration of drinking water and wastewater. Sodium hydrosulfite is also frequently used as a food additive in beer, salt, and egg powder, as well as in the synthesis of anhydrous sodium sulphate for leather components and as a water treatment agent. It's also utilised in the production of sulfuric acid and other compounds. Gray or white crystal irregular cube or block that is soluble in water but only marginally soluble in ethanol or methanol. Because sodium hydrosulfite is a strong reducing agent and can effectively react with the colours in the pulp, it is also particularly successful in bleaching recycled pulp. Furthermore, most recycled furniture contains mechanical pulps that can be bleached using sodium hydrosulfite. The sodium hydrosulfite bleaching conditions for recycled pulp are fairly similar to those for mechanical pulps. If the supply, such as mixed office waste, contains primarily chemical pulps, a hydrosulfite (Y) stage at a significantly higher temperature, 80–100°C and a pH of 7.0, could result in significant brightness gain. • It is widely used in the textile industry for vat dyeing, reduction cleaning, printing and stripping, and textile bleaching. • It is also used in bleaching paper pulps, particularly mechanical pulps; it is the most suitable bleaching agent in pulps. • It is used in bleaching kaolin clay, fur bleaching and reductive whitening, bleaching of bamboo products and straw products. Up to 2024, the market for sodium hydrosulfite is expected to develop at a CAGR of over 4%. Because of its widespread use as a reductive bleaching agent for pulp in the paper production process, the global sodium hydrosulfite market will rise through 2024, owing to increased paper product demand in Asia Pacific. Consumer confidence is rising, as is disposable money, and customers' desire to keep up with the latest fashion trends, to name a few main drivers fueling the textile market's expansion. Key Players 1. Demosha Chemicals Pvt. Ltd. 2. Gulshan Chemicals Pvt. Ltd. 3. Kanoria Chemicals & Inds. Ltd. 4. Orchid Pharma Ltd. 5. Shankar Lal Rampal Dye-Chem Ltd.
Plant capacity: 60.0 MT per DayPlant & machinery: 280 Lakh
Working capital: -T.C.I: Cost of Project: 934 Lakh
Return: 29.00%Break even: 58.00%
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Investment Opportunities in Production of Granulated Fertilizers

Fertilizers are crucial in agriculture because they include a variety of minerals, including nitrogen, phosphorous, and potassium. Fertilizers, like all minerals, go through a series of stages before they reach their final, usable state. As part of the value chain, granulation is a method that improves particle size, reduces loss, and assures more precision in fertiliser field applications. Granular fertiliser, often known as dry fertiliser, is a type of fertiliser that comes in the form of dry pellets rather than spikes, liquid, or powder. Most garden stores stock a variety of granular fertilisers, as well as a variety of formulations that are tailored to certain soil conditions. NPK fertilisers are made up of three parts: nitrogen, phosphorus, and potassium. The NPK rating system is a way of describing how much nitrogen, phosphorous, and potassium are in a fertiliser. NPK ratings are three digits separated by dashes that describe the chemical content of fertilisers (e.g., 10-10-10 or 16-4-8) The first number, N, represents the percentage of nitrogen in the product; the second, P2O5, represents the percentage of potassium in the product; and the third, K2O, reflects the percentage of potassium in the product. Slow-release fertilisers make up the majority of granular fertilisers. They can come in the shape of pellets or coarse powders, and each watering is supposed to break them down slowly over months. Apply granular fertilisers to the planting hole according to the guidelines before backfilling the soil and planting. It can also be used as a top treatment on already-established plants, though the results will be less effective than when administered before planting. You should consider utilising granular fertilisers with each new planting (except cacti or succulents which require low nitrogen and high minerals instead). Organic granular fertilisers with a nearly balanced analysis, such as MicroLife Multi-Purpose 6-2-4 and Fox Farm All Purpose 6-4-5, would sufficient for the majority of plants; these products are versatile and provide consistent nutrition for any plant, turf grass, or tree. If you're planting heavy-feeding plants like tomatoes, fruit trees, peppers, or most other edibles, you can use a granular product with a higher nitrogen content. Fertilizers were critical to India's green revolution achievement and subsequent self-sufficiency in food grain production. The increased use of fertiliser has made a substantial contribution to the country's ability to produce food grains in a sustainable manner. As a result, over the last few years, the demand for fertilisers has increased by double digits. In 2020, the Indian fertiliser market will be worth INR 887 billion. From 2021 to 2026, the market is expected to increase at a CAGR of 5.5 percent. The NPK Fertilizer market is predicted to increase at a CAGR of 2.8 percent between 2021 and 2026, from 41080 million USD in 2020 to 49950 million USD by the end of 2026. Because of the government's support of more sustainable usage and better management of natural resources, organic fertilisers for diverse crops have grown in popularity. The use of organic products will also help to prevent pollution. Over the last few years, the number of local makers of organic fertilisers has expanded in order to feed the vegetable and fruit agricultural areas. Organic fertilisers reinforced with chemical fertilisers have lately been introduced to the plantation crop market. Key Players 1. Basant Agro Tech (India) Ltd. 2. Coromandel International Ltd. 3. Deccan Sales Corpn. Ltd. 4. Deogiri Fertilisers Ltd. 5. Fertilisers & Chemicals, Travancore Ltd. 6. Indian Farmers Fertiliser Co-Op. Ltd.
Plant capacity: 200 MT per DayPlant & machinery: 436 Lakh
Working capital: -T.C.I: Cost of Project:1954 Lakh
Return: 29.00%Break even: 50.00%
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A Comprehensive Business Plan on Lithium Ion Battery (LiFePO4) Production

A lithium iron phosphate (LFP) battery is a form of lithium-ion battery that, when compared to other types of batteries, can charge and discharge at rapid speeds. It's a rechargeable battery whose cathode material is LiFePO4; hence the name. Lithium ferrophosphate (LFP) batteries are a type of lithium iron phosphate (LFP) battery. The main difference between lithium iron phosphate batteries and other lithium-ion batteries is that LFP can deliver a steady voltage and has a larger charge cycle, ranging from 2000 to 3000 cycles. LFP batteries are safe for the environment and architecturally sound. They have a low discharge rate and a low energy density. They don't get hot easily and stay cold compared to other batteries. The battery's composition protects it from thermal runaway, so it's regarded safe for residential usage. In the event of mismanagement during charge or discharge, lithium phosphate cells are incombustible; they are more stable under overcharge or short circuit situations, and they can sustain high temperatures without degrading. The phosphate-based cathode material will not burn and will not cause thermal runaway if abused. The chemistry of phosphorus also has a longer cycle life. Uses • Buses, electric automobiles, tour buses, hybrid vehicles, and other attractions are examples of large electric vehicles. • Electric cycles, golf carts, compact cars, forklifts, electric vehicle cleaning wheelchairs, and other light electric vehicles • Lawn movers, electric saws, and electric drills are all examples of power tools. • Remote-control toys, such as vehicles, boats, and planes • Solar and wind energy storage systems. • Emergency lights, warning lights, UPS, miner's lamp, etc. • Medical equipment and devices that are small and portable. The lithium ion battery market is estimated to increase at a CAGR of 12.6 percent from 2020 to 2027, reaching USD 3,203.01 million by 2027. The market is expanding due to the growing demand for lithium ion batteries in medical devices. Lithium ions flow from the negative electrode to the positive electrode through the electrolyte during charging and backwards during discharging in a lithium ion battery. These rechargeable batteries are widely utilised in consumer electronics and autos. Cathode, anode, separator, and electrolyte are the four components. Anode aids in the storage and release of lithium ions from the cathode, allowing current to flow through an external circuit. The lithium iron phosphate batteries market is expected to grow at a CAGR of 5.0 percent from an estimated USD 8.3 billion in 2019 to USD 10.6 billion by 2024. The increased focus on electric and hybrid electric vehicles, as well as rising demand for energy storage applications, are responsible for this expansion.
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 DayPlant & machinery: 3 Cr.
Working capital: -T.C.I: Cost of Project: 10.28 Cr
Return: 32.00%Break even: 57.00%
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