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

Meghalaya is a state in north-east India. The name means "the abode of clouds" in Sanskrit. As of 2011, the state has a population of 2,964,007 and is the 23rd most populous in the country. The population of Meghalaya as of 2014 is estimated to be 3,211,474. Meghalaya covers an area of approximately 22,430 square kilometers, with a length to breadth ratio of about 3:1

Meghalaya is predominantly an agrarian economy. Agriculture and allied activities engage nearly two-thirds of the total work force in Meghalaya. However, the contribution of this sector to the State's NSDP is only about one-third. Agriculture in the state is characterized by low productivity and unsustainable farm practices. Despite the large percentage of population engaged in agriculture, the state imports food from other Indian states.


TOURISM

 Meghalaya has some of the thickest surviving forests in the country and therefore constitutes one of the most important ecotourism circuit’s in India. The Meghalaya subtropical forests support a vast variety of flora and fauna. Meghalaya has 2 National Parks and 3 Wildlife Sanctuaries.   Meghalaya also offers many adventure tourism opportunities in the form of mountaineering, rock climbing, and trekking and hiking, water sports etc. The state offers several trekking routes, some of which also afford an opportunity to encounter rare animals such as slow loris, assorted deer and bear. The Umiam Lake has a water sports complex with facilities such as rowboats, paddleboats, sailing boats, cruise-boats, water-scooters and speedboats. Tourism in India is a growing industry, and as per World Tourism Organization predictions, India will be a leader in using tourism as an employment generator. The State of Meghalaya must be placed in a strategic position to take advantage of this growth.

“MEGHALAYA TOURISM DEVELOPMENT CORPORATION” has been set up for developing and promotion of Tourism in Meghalaya. The Corporation shall make efforts to increase its revenue to enable to carry out promotional activities. MTDC will organize package tours not only to Cherrapunjee but to other tourist destinations; organize training for guides, etc.

INDUSTRIAL SECTOR

The New Industrial & Investment Promotion Policy is designed to facilitate investments in new sectors across the State and thus ensure accelerated and sustained growth. The Policy focuses to attract, facilitate and promote wider expectations and high end investment.

There is an urgent need to promote investment in backward and difficult but resource rich areas. Therefore the policy provides additional incentives and support for such investments.


OBJECTIVE OF THE POLICY

•        To promote investment in all sectors

•        Generate employment opportunities for the local people in the industries and allied sectors.

•        To provide special incentives for promoting local Entrepreneurs in setting up of micro, small & medium manufacturing and service enterprises.

•        Develop human resources and bring about improvements in the quality of life by promoting industries in sectors where the state has comparative advantage.

•        Achieve a balanced and growth oriented development covering the entire state through promotion of village and small scale industries.

•        Encourage need based development of local entrepreneurial skills through intensive motivation and training programmes at District, Sub-division and Block levels.

•        Provide guidance to prospective entrepreneurs by building up a data bank of project-profiles and other connected information. Special support to local entrepreneurs will be provided, and monitoring will be done to enable them to be successful.

•        Simplify rules and procedures by providing a single-window clearance facility for all investment proposals as applicable.

•        Promote Tourism, and make Meghalaya a tourist destination.

•        Promote IT as industries.

•        Promote first generation entrepreneurs. Government will encourage setting up of Entrepreneurship Development Institute by private or in PPP mode.

SALIENT FEATURES OF THE INDUSTRIAL POLICY

•        State Government believes in promoting private enterprises for speedy economic development of the State. The Government also stands committed to ensuring the healthy growth of existing industries. For this purpose, Government will ensure optimum number of industries by not permitting excess in any specific sector, thereby ensuring sustainability of existing business.

•        Enterprises promoted and managed by “Woman Entrepreneur”/physically challenged will get additional 10 % (ten percent) incentives on the State Capital Investment Subsidy.

•        Meghalaya has a long international border which needs immediate attention for development. To address this issue, 10 Kms towards the State from the International border is declared as “PRIORITY AREA” and enterprises set up within the 10 Kms area will be given special incentives to be known as “Border Area Subsidy”.

•        Government of Meghalaya recognizes:

1.       Hotels (not below two star category) and Amusement Parks.

2.       Medical and health services in the nature of nursing homes with a minimum capacity of 25 beds and Super – Specialty Health Care.

3.       Vocational training Institutes.


INDUSTRIES IDENTIFIED AS THRUST AREAS

                    Agro Based Industries :

   Horticulture – Based Units

   Biotechnology Based Units

   Medicinal Plants, Tea and Rubber

                       Animal Husbandry and Meat Processing Industries

         Development of Mineral based Industries:

      Coal-Based Industries

     Limestone Based Industries- Cement Plants, Lime Plants,

                      Calcium Carbide   Plants.

                       Electronics & Information Technology

INCENTIVES FOR LARGE AND MEDIUM SCALE INDUSTRIES

•        For large and medium scale industries, there are subsidies like capital investment subsidy, interest subsidy, power subsidy, subsidy on cost of pollution/quality-control measures, special subsidy for pioneer units in backward areas etc.

•        Exemption from the payment of applicable service tax for seven years to a "Tourism Unit"

•        Sales Tax exemption on sale of finished products for a period of seven years from the date of commercial production.

•        Reimbursement of Central Sales Tax (CST) paid on purchase of Capital Equipment installed till the date of project commissioning.

•        Partial exemption for applicable stamp duty.

INVESTMENT POLICIES

Meghalaya Government has always endeavored to set up the right kind of business climate to motivate investments in the State. In order to attract investment to the various sectors and thus contribute to the development of the economy as a whole.

The major being the industrial policy, which had been announced with a view to take advantage of the liberalized economic scenario in the country and also to keep pace with development in the national industrial sector are-

•        Generate employment opportunities for the local people in the industries and allied sectors

•        Develop human resources and bring about improvements in the quality of life by promoting industries in sectors where the state has comparative advantage. Create a conducive environment for industrial development by creation of the basic Infrastructural facilities and by setting up of industrial areas, growth centre and export promotion industrial park.

•        Provide preference to local Entrepreneurship in setting up of large, medium and small-scale units.

•        Promote local interests through joint ventures with external investors so as to facilitate technology transfer and capital flow by a package of suitable incentives.

•        Encourage setting up of export-oriented, Agro based, Mineral-based, Horticultural based and Electronic units as thrust area.

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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Perfumery Chemicals (Synthetic & Natural)

Perfumeis a mixture of fragrant essential oils or aroma compounds, fixatives and solvents, used to give the human body, animals, food, objects, and living-spaces an agreeable scent. It is usually in liquid form and used to give a pleasant scent to a person's body. Ancient texts and archaeological excavations show the use of perfumes in some of the earliest human civilizations. Modern perfumery began in the late 19th century with the commercial synthesis of aroma compounds such as vanillin or coumarin, which allowed for the composition of perfumes with, smells previously unattainable solely from natural aromatics alone. Aroma chemicals, also known as fragrances and odorants are chemical compounds which consist of odor or smell. These compounds are volatile enough to travel through the olfactory system of the nose and cause odor. Unlike flavors which affect smell and taste, fragrances affect only smell. The nature of fragrances tends to be synthetic. Aroma chemicals can be found in food, wine, spices, essential oils, perfumes and fragrance oils. The Global Aroma Chemicals Market is accounted for $4.08 billion in 2016 and expected to grow at a CAGR of 6.8% to reach $6.48 billion by 2023. Factors like change in consumer preferences, healthy and green sustainability package among the consumers and growth in end user markets are boosting the market growth. High R&D cost and compliance with quality and regulatory standards will impede the market growth. Global market for aroma chemicals is expected to grow considerably owing to growing markets in Asia and South America. Growing demand for foods, cosmetics, personal care and household care products is expected to be the major driving factor for the growth of aroma chemicals market.
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Switch Mode Power Supply (SMPS)

A switched-mode power supply (switching-mode power supply, switch-mode power supply, switched power supply, SMPS, or switcher) is an electronic power supply that incorporates a switching regulator to convert electrical power efficiently. Like other power supplies, an SMPS transfers power from a DC or AC source (often mains power) to DC loads, such as a personal computer, while converting voltage and current characteristics. A switch mode power supply is a power converter that utilizes switching devices such as MOSFETs that continuously turn on and off at high frequency; and energy storage devices such as the capacitors and inductors to supply power during the non-conduction state of the switching device. The supplies have higher efficiencies of up to 90%, are small in size and widely used in computers and other sensitive electronic equipment. Power supply circuit plays an essential role in every electrical and electronic circuit to provide the electrical power to the owl circuit or loads like machines, computers, etc. These different loads require different forms of power at various ranges and characteristics. So, the power is converted into the desired form by using different power converters. Basically, different loads work with various types of power supplies like SMPS (switch mode power supply), AC power supply, AC to DC power supply, programmable power supply, high voltage power supply & uninterruptable power supply. Geographically, North America dominated switching power supply market due to higher usage and consumption of battery operated devices requiring switching power supply. North America was followed by Europe and Asia-Pacific as the second and third largest consumer of switching power supply. Asia Pacific is projected to have the fastest growth, owing to rapidly expanding customer base for the battery operated devices, especially in the major regional economies such as India and China in the region The overall power supply market is expected to grow from USD 25.00 billion in 2017 to USD 34.92 billion by 2023, at a CAGR of 6.7% from 2018 to 2023. Power supplies are being used in many verticals such as lighting, telecommunications, consumer electronics, medical & healthcare, industrial, food & beverages, transportation, and military & aerospace.
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LPG Cylinder Regulators (Domestic Purpose)

Gas regulators automatically modulate high pressure gas to a maximum pre-determined limit. LPG (propane) gas regulators reduce the LPG pressure delivered to the gas appliances from the gas bottles. The pressure within a gas bottle can be 800-900kPa vs the 2.75kPa typically required. LPG gas regulators are usually factory pre-set to the standard operating pressure for the appliances. The main purpose of an LPG gas regulator is to reduce gas bottle pressures which can be around 800-900kpa depending on the temperature down to a safe working pressure and have the ability to maintain the accepted pressure. Different regulators are used depending on the location along the gas pipeline; however the main reason is to be able to deliver a safe working pressure for the appliance to run correctly and efficiently. LPG consumption in India is forecast to surpass 35 MMT by FY26. North region dominated India LPG market over the past few years, and is further forecast to continue dominating the market through FY26. Liquefied petroleum gas (LPG) is a flammable mixture of various hydrocarbons, and majorly consists of propane and butane. LPG gas is colorless and odorless; and emits less quantity of CO2 when compared to petrol or diesel. Thus, LPG is extensively used as a cooking fuel, both in commercial and residential setups throughout the country. Application of LPG in the industrial sector is also increasing, owing to growing use of LPG as a feedstock in petrochemical plants in the country. Moreover, rising demand from transport segment and increasing consumption of LPG to produce various chemical components such as propylene, ethylene, butadiene, etc., is further anticipated to boost demand for LPG in the country in the coming years. Furthermore, increasing prices of naptha, rising LPG imports and expanding distribution network are anticipated to fuel consumption of LPG in India during FY17-FY26.
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Herbal Extraction

Herbal extracts are substances extracted from the plant using different solvents—some combination of water, alcohol, chemicals, or other liquid that works to draw out beneficial plant components. Although herbal extracts come in many forms, they have one common feature. Extracts represent naturally occurring phytochemicals (plant produced compounds) that have been removed from the inert structural material of the plant that produced them. The main advantage of using extracts over raw herb is that once extracted from the plant matrix, the phytochemicals bypass the need for digestion and are far more readily absorbable. India herbal extracts market has recorded phenomenal growth over the years with rising awareness among the people about the health benefits of consuming herbal products. Herbal extract market in India increased to INR ~ crore in FY’2017 from INR ~ crore in FY’2012, at a robust CAGR of ~% during the same period. Global herbal extracts market has been growing at a continuous pace because of its various health benefits and increasing awareness about side effects from using chemical based products. Even at the times of recession the demand of herbal products is not much affected as people desire to maintain their health when the treatments are costlier. Herbal extracts are substances which are obtained by crushing, distilling, comminuting, and juicing various herbs. The processes are designed to maximum the potency of a particular herb. The global herbal extracts market is predicted to exhibit a 7.52% CAGR from 2018 to 2023. The herbal plants with several medicinal properties are used to treat a variety of disease conditions. Furthermore, a single plant may contain many chemical constituents such as phenols, glycosides, polysaccharides, alkaloids, resins, and terpenoids which demonstrate therapeutic activities in more than one medical conditions.
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Hydraulic and Pneumatic Items

Hydraulic Hydraulics is a technology and applied science using engineering, chemistry, and other sciences involving the mechanical properties and use of liquids. At a very basic level, hydraulics is the liquid counterpart of pneumatics, which concerns gases. Fluid mechanics provides the theoretical foundation for hydraulics, which focuses on the applied engineering using the properties of fluids. In its fluid power applications, hydraulics is used for the generation, control, and transmission of power by the use of pressurized liquids. On the basis of base oil, the hydraulic fluid market has been segmented into mineral oil, synthetic oil (PAO, PAG, Esters, and Group IV), semi-synthetic oil, and bio-based oil. The mineral oil segment is projected to lead the hydraulic fluid market during the forecast period due to its easy availability and low cost. Hydraulics is a technology involving the mechanical properties, which operates through the force of liquid pressure. In a Hydraulic system, Hydraulic Fluid is used as an energy transfer medium. It is also useful in other applications such as heat transfer, sealing, contamination removal, corrosion resistance, and lubrication. This industry’s future growth path is determined by high demand in oil & gas, automobile, marine¸ aircraft, industrial machinery, construction, and others industries. Global Hydraulic Fluid Market is expected to witness a significant growth of USD 4,317.10 million by 2023, with CAGR of 2.57% during forecasted period. Pneumatics Items Pneumatics is a branch of engineering that makes use of gas or pressurized air. Pneumatic systems used in industry are commonly powered by compressed air or compressed inert gases. A centrally located and electrically powered compressor powers cylinders, air motors, and other pneumatic devices. A pneumatic system controlled through manual or automatic solenoid valves is selected when it provides a lower cost, more flexible, or safer alternative to electric motors and actuators. Pneumatics is the technology of compressed air, but in some circles, it is more fashionable to refer to it as a type of automation control. Pressurized gas—generally air that may be either of the dry or lubricated type—is used to actuate an end effector and do work. End effectors can range from the common cylinder to more application-specific devices such as grippers or air springs. Vacuum systems, also in the pneumatic realm, use vacuum generators and cups to handle delicate operations, such as lifting and moving large sheets of glass or delicate objects such as eggs. The global pneumatic equipment market will grow moderately during the forecast period and post a CAGR of almost 5% by 2020. In addition to their applications in several industries, pneumatic tools are gradually acquiring significant application in food processing and medical applications as well.
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Jute Batching Oil

Jute batching oil (JBO-P), a mineral oil fraction used in the processing of jute fibers. JBO is mainly used as Jute Batching Oil in the jute industry to make the jute fibers pliable. JBO is also used by processors to produce various industrial oils. Jute materials are used in packaging of food material, presence of heavier Oil (which may contain carcinogenic compounds) are not desirable. JBO is also used as Wash Oil by the Steel Plants for recovering aromatic products from the coke oven gas.
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Double Wall Corrugated HDPE Pipes Manufacturing Industry

Double Wall Corrugated HDPE Pipes Manufacturing Industry. Production of DWC Pipe for Drainage and Fiber Electric Cable Network DWC Pipes or Double Wall Corrugated Duct Pipes are the ones, which are manufactured from the HDPE Materials and are designed specially to provide the cost effective solutions to the people. These DWC Pipes are far more superior in terms of technicality and holds several advantages over the other pipes currently in use. The various properties of the DWC pipe make it the best product available in the category. With good corrosion resistance, the longevity of the pipes increases and also the wear and tear decreases. The product is regarded as the safest and chemically inert and is regarded completely safe in regard to environmental damages. Also, featuring a good impact strength, the DWC pipe has features the smooth inner wall and thus any losses due to friction is at minimum. Double wall corrugated pipe or DWC pipe is slowly gaining its popularity for the construction purpose. Most of the companies prefer DWC pipes for the underground drainage system and fiber electric cable network. DWC is a low-cost product with the excellent quality solution. Double Walled Corrugated Hide Pipe category demonstrates high growth prospects among leading plastic pipe resin categories. Double Walled Corrugated Hide Pipe downstream is wide, and the major fields are water supply, oil and gas, sewage systems, agricultural applications, etc. Increasing demand for water supply is expected to drive the demand for the Double Walled Corrugated Hide Pipe market. The future aspects of the DWC Pipe can be judged from the following: • Since, the demand of the underground ducting and piping in on the rise in the country, the future of the economical and sustainable ducting is on the rise. • The future of the Corrugated pipes of this sort is thus bright, which are highly economical, environmentally safe • As of now, the industry is still unorganized, but with the growth of the country and its GDP, the advent of the more organized players in the market, will push the future of the DWC Pipes Duct to the new and higher levels. Uses The use of the double wall corrugated pipe is on the rise. The industries involved in the use of such pipes are now more conscious on how to save bucks with the installation and use of the best products for their various activities. The double wall duct pipe features the corrugated shape and thus offer great strength in the compression resistance. The manufacturing of the double wall duct pipe requires almost the minimum raw material and thus the effect on the environmental aspects is greatly reduced. Market Outlook Global Corrugated Pipe market size will increase to Million US$ by 2025, from Million US$ in 2017, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Corrugated Pipe. The Double Walled Corrugated Hide Pipe Market is segmented on the lines of its Product, application and regional. Basis of Product is segmented into Small calibre type and large calibre type. Based on application it covers Architectural Engineering, Industrial field, Agricultural garden project and others. HDPE Pipes Market: The global HDPE pipes market was valued at $17,907 million in 2017 and is projected to reach $26,518 million by 2025, growing at a CAGR of 5% from 2018 to 2025. Owing to the increasing application of HDPE pipes in various end use industries, the market for HDPE pipe is expected to witness substantial growth. The growth in demand from water irrigation systems in agricultural industry is expected to drive the growth of the HDPE pipe market. Rapid urbanization is anticipated to increase the demand for water supply, leading to increase in requirement of HDPE pipes. Furthermore, growth in sewage disposal infrastructure fuels the demand for HDPE pipes. However, volatile raw material prices attributed to fluctuation in prices of crude oil is expected to hamper the market growth. Conversely, innovation and technological advancements in PE pipe provide future growth opportunities to the HDPE pipes market. HDPE pipes market is to witness substantial growth with increasing application for the HDPE pipes in various end use industries. HDPE pipes are polyethylene thermoplastic pipes used to transit gas, water for agriculture irrigation, drinking water supply, in sewage systems and others. HDPE pipes are corrosion resistant and recyclable. Thus, seen as the replacement to various metal pipes. HDPE pipes are cost effective, light in weight and considered as a preferred choice over traditional metal pipes. The growth of global HDPE pipes market is fueled by growing demand from water irrigation systems in agriculture industry coupled with urbanization due to influx of middle class, resulting in upgrading, expansion and huge demand for infrastructural improvements and water supply across the globe. Based on application, the High density polyethylene (HDPE) pipes market can be segmented into chemical/processing, water supply, gas distribution, telecom ducts, drainage & sewerage, and others. HDPE pipes are primarily used to supply drinking water. The non-corrosive nature of these pipes make them suitable for sewerage and sewage disposal. The global High density polyethylene (HDPE) pipes market has been expanding due to the rise in demand for these pipes in water irrigation systems in the agriculture industry and increase in urbanization owing to the growth in demand for infrastructure improvements and water supply across the globe. In terms of geographical distribution, the global HDPE pipes is studies for five major regions namely, North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. 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Metal Polish Soap

Metal Polishing Soap can be used for final polishing in all Aluminium and Stainless steel products. Metal polishing compounds are ideal for high quality polishing on stainless steel, aluminium and other non-ferrous metals. However, our metal polishing compounds are extremely effective on carbon, steel, chrome and plastics. There are several different types of metal polish in the huge world of automotive detailing. Apart from the polish for paintwork there is also polish specifically for metal. These are mostly used for chrome bumpers, chrome trims, metal hubcaps, untreated metal wheels, exhausts and even engine parts. Metal polishing cleans, brightens, and restores solid or plated items made of gold, silver, stainless steel, brass, copper, aluminum, nickel, chrome, or other metals and alloys. Achieving a smooth and shiny finish requires tools like fixed, tabletop, or hand-held grinders, polishers and buffers. Solvents, acids, and various abrasive materials are used to degrease, clean, buff, and polish metals. The global metal finishing equipment market is growing, due to increasing need for wear resistant, durable and long lasting metal products, up surging demand from developing countries, and growth of automotive and steel industries. The growth of environment friendly electro less plating and consumers’ shift from traditional solvent borne technologies to newer technologies, are providing ample opportunities for the growth of the global metal finishing equipment market in the coming years. Asia-Pacific dominates the global metal finishing equipment market, due to growing steel and automobile industries in the developing countries of the region.
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Solar Cooker

Solar cooker is a device which uses the energy of direct sunlight to heat, cook or pasteurize drink and other food materials. Many solar cookers currently in use are relatively inexpensive, low-tech devices, although some are as powerful or as expensive as traditional stoves, and advanced, large-scale solar cookers can cook for hundreds of people. Because they use no fuel and cost nothing to operate, many nonprofit organizations are promoting their use worldwide in order to help reduce fuel costs (especially where monetary reciprocity is low) and air pollution, and to slow down the deforestation and desertification caused by gathering firewood for cooking. Solar cookers are the application of solar energy used to cook, bake, and fry food. Solar Cookers can also be used for pasteurization. Solar cooker converts the radiant energy to the heat energy which is used for cooking food. Growing awareness for the use of renewable energy along with escalating prices of non renewable energy drives the solar cooker market. Government support and funding for the use of solar energy also stimulates the growth of solar cooker market. The solar cooker market can be segmented on the basis of the construction techniques utilized for manufacturing. The broad segmentations on the basis of construction can be done as solar box cooker, solar panel cooker and solar parabolic cooker. The solar box cookers are the most commonly available form of solar cookers in the market currently. These cookers are extremely robust in nature and operate very safely with little or no supervision required for operating.
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Stainless Steel Utensils

Stainless steels are most notable for their corrosion resistance, which increases with increasing chromium content. Additions of molybdenum increase corrosion resistance in reducing acids and against pitting attack in chloride solutions. Thus, there are numerous grades of stainless steel with varying chromium and molybdenum contents to suit the environment the alloy must endure. Stainless steels resistance to corrosion and staining, low maintenance, and familiar luster make it an ideal material for many applications where both the strength of steel and corrosion resistance are required. Stainless steel is an alloy of Iron with a minimum of 10.5% Chromium. Chromium produces a thin layer of oxide on the surface of the steel known as the 'passive layer'. This prevents any further corrosion of the surface. Increasing the amount of Chromium gives an increased resistance to corrosion. Stainless steel also contains varying amounts of Carbon, Silicon and Manganese. Other elements such as Nickel and Molybdenum may be added to impart other useful properties such as enhanced formability and increased corrosion resistance. Stainless steel is a generic term for a family of corrosion resistant alloy steels containing 10.5% or more chromium. All stainless steels have a high resistance to corrosion. This resistance to attack is due to the naturally occurring chromium-rich oxide film formed on the surface of the steel. Although extremely thin, this invisible, inert film is tightly adherent to the metal and extremely protective in a wide range of corrosive media. The film is rapidly self repairing in the presence of oxygen, and damage by abrasion, cutting or machining is quickly repaired. The global stainless steel market size is expected to reach USD 133.8 billion by 2025 at a 5.2% CAGR, according to a new report by Grand View Research, Inc. The market is anticipated to expand mainly due to advantages such as increased formability, weldability, corrosion resistance, and aesthetic appearance. The market for stainless steel is forecasted to increase by 3 percent until 2020. The increase in urbanization and modernization globally are the main reasons for this growth. Moreover, the growth in the automotive industry along with the growing demand for energy and water will likely maintain the demand for stainless steel in near future. The key driver of the stainless steel industry is the increasing demand from downstream industries such as agriculture, processing industry, consumer products, and construction industry.
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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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