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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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Polycarbonate (Dry Process)

Polycarbonates (PC) are a group of thermoplastic polymers containing carbonate groups in their chemical structures. Polycarbonates used in engineering are strong, tough materials, and some grades are optically transparent. They are easily worked, molded, and thermoformed. Because of these properties, polycarbonates find many applications. In the plastics industry, polycarbonate sheet is one of the most versatile materials on the market. Used for everything from medical equipment to food processing, polycarbonate has a number of specific benefits that cause them to be a favorite among builders and product manufacturers. Polycarbonate is a transparent thermoplastic with stable dimensions which allow excellent kind of impact resistance. High-performance properties of this plastic polymer make it a leading plastic material for a number of applications. Polycarbonates are high-performing thermoplastics which are highly suitable in building and construction applications. Polycarbonate material possesses properties, such as lightweight, high optical clarity, durability, excellent thermal stability, high-impact and high-heat resistance, high transparency, cold formability, and also possess excellent flammability resistance, making it one of the most used plastic types in construction applications. Polycarbonate accounts for a substantial share of the global plastic materials market and its dominance is likely to increase during the forecast period. This can mainly be attributed to the high growth in demand from major end-use industries such as automotive, electronics, and consumer goods. The wide scope of applications for polycarbonate in various flourishing end-use industries such as medical devices, packaging, and construction is fueling the growth of the market. Asia-Pacific has the highest share in the market, accounting for approximately 59% of the global market share in 2017. An increase in the income of the middle-class population has resulted in an increase in the demand for electronic components and automobiles in Asia-Pacific, in turn, making the region an area of immense potential and opportunities for the polycarbonate market. The Global Polycarbonate Market is expected to register a CAGR of 5.39% during the forecast period (2018-2023). In 2017, Asia-Pacific accounted for the largest market, by region with approximately 59% of the global market share. The electrical & electronics segment dominates the global polycarbonate market with an approximate 46% global market share in 2017, and it is also estimated to register the fastest CAGR through the forecast period. The wide scope of applications for polycarbonate in various flourishing end-use industries such as medical devices, packaging, and construction is fueling the growth of the market. Globally, polycarbonate material is used in a wide range of structural, aesthetic, and safety applications, especially in the automotive industry. This material lends itself to innovation in automotive parts and other internal components such as glazing, front-end body panels, and bumper fascia. Moreover, in the electrical and electronics industry, Flame retardant and better di-electric properties have led to the use of polycarbonate in a vast number of consumer electronics. This is expected to drive the growth of the market during the forecast period. However, volatile raw materials prices are anticipated to limit growth during the forecast period.
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Return: 1.00%Break even: N/A
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Phthalic Anhydride

Phthalic anhydride is the organic compound with the formula C6H4 (CO) 2O. It is the anhydride of phthalic acid. Phthalic anhydride is a principal commercial form of phthalic acid. It was the first anhydride of a dicarboxylic acid to be used commercially. This colourless solid is an important industrial chemical, especially for the large-scale production of plasticizers for plastics. In 2000, the worldwide production volume was estimated to be about 3 million tonnes per year. Phthalic anhydride (PA) is a white crystalline compound used to manufacture plasticizers, pigments, dyes and resins. One major consumer of PA is the phthalate plasticiser industry, the products of which are used to produce flexible plastic products such as wire & cable applications, hoses, pipes, coated fabrics, roofing membranes and swimming pool liners. The global phthalic anhydride market is expected to witness a CAGR of 4.27% owing to an increase in the utilization of plasticizers, which is used in the production of polyvinyl chloride in the Asia-Pacific region. The growing demand for glass fiber reinforced plastics in various industries is also likely to stimulate the phthalic anhydride market during the forecast period. Asia-Pacific is leading in the consumption of phthalic anhydride and is likely to continue its position due to increasing construction and automotive manufacturing activities in the region. The developing countries in this region will drive the demand for the market as the demand for buildings catering to education, healthcare, and social infrastructure is increasing. Some of the major players operating in the global phthalic anhydride market are BASF SE (Germany), Hongxin Chemical (China), NAN YA PLASTICS CORPORATION (Taiwan), ExxonMobil Corporation (U.S.), AEKYUNG PETROCHEMICAL Co., Ltd (Republic of Korea), I G Petrochemicals Limited (India), Polynt SPA (Italy), Koppers Inc. (U.S.), Mitsubishi Gas Chemicals Co. Inc. (Japan), and UPC Group (Taiwan).
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Return: 1.00%Break even: N/A
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D.O.P.(Di-Octylphthalate)

Bis (2-ethylhexyl) phthalate (di-2-ethylhexyl phthalate, diethylhexyl phthalate, DEHP; dioctyl phthalate, DOP) is an organic compound with the formula C6H4 (CO2C8H17)2. DEHP is the most common member of the class of phthalates, which are used as plasticizers. It is the diester of phthalic acid and the branched-chain 2-ethylhexanol. This colorless viscous liquid is soluble in oil, but not in water. Dioctyl Phthalate (DOP) is the most common of the class of plasticizers. It is the diester of phthalic acid and the branched-chain 2-ethylhexanol. It’s a colorless, viscous liquid is soluble in oil, but not in water. The global dioctyl phthalate (DOP) Plasticizer market is anticipated to witness a higher CAGR in the forecast period. Dioctyl Phthalate (DOP) plasticizer market is driven by significant demand from end-use industries coupled with rising demand from consumer goods & film and sheet industry. In addition, rising demand from emerging economies for its cost-effectiveness is likely to fuel the market demand in these regions.
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Non Stick Cookwares

Non-stick is the surface which is coated with a synthetic polymer called Polytetrafluoroethylene (PTFE) or with ceramic, anodized aluminum, enameled iron which decreases the ability of other materials to stick to it. The term Teflon coating has become synonymous with Non-stick coating in the market. The growing emphasis on cookware aesthetics and functionality is one of the major trends being witnessed in the global cookware market 2019-2023. The growing customer demand for highly functional and ergonomic cookware products is attributable to the increasing awareness of cookware designs and aesthetics. The global non-stick cookware market witnesses moderate competition. However, in response to the rising demand worldwide, the competition prevailing in the market is likely to intensify further in the coming years. Besides innovating designs and directing efforts to offer more durable products, the market players are experimenting with diverse strategies to emerge at the market’s fore. The global nonstick cookware market is likely to reach US$23.03 bn by the end of 2025. Between 2017 and 2025, the market is forecast to exhibit a CAGR of 4.1%. Regionally, Europe held dominance in the global nonstick cookware market, trailed by Asia pacific. The market for non-stick cookware in India is a fast growing one. The demand is being fuelled by several aspects. Broadly these are increasing health consciousness, a fast-paced lifestyle and need for convenience. The increased purchasing power particularly that of double income households is enabling the adoption of non-stick cookware. Non-stick cookware has also become a symbol of an evolved kitchen. More and more people are opting to use this attractive addition to one’s kitchen. Currently the demand from domestic and export markets for pressure cookers and non-stick cookware growing at 20-25% year-on-year.
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X-ray Films

X-ray film displays the radiographic image and consists of emulsion (single or double) of silver halide (silver bromide (AgBr) is most common) which when exposed to light, produces a silver ion (Ag+) and an electron. The electrons get attached to the sensitivity specks and attract the silver ion. X-ray films for general radiography consist of an emulsion-gelatin containing radiation sensitive silver halide crystals, such as silver bromide or silver chloride, and a flexible, transparent, blue-tinted base. The emulsion is different from those used in other types of photography films to account for the distinct characteristics of gamma rays and x-rays, but X-ray films are sensitive to light. The global X-ray film market is expected to register a CAGR of 5% over the forecast period of 2018–2023. In the medical industry, the usage of X-ray films in dental inspection, mammograms, and orthopedic inspection hold the major share in the market. The industrial sector has a long established usage of X-ray films and is widely used in NDT methods for volumetric examination radiography. The presence of X-ray machines in hospitals enables physicians in detection of somatic issues, as well as trauma. X-ray is very useful for detection and treatment of neurological problems, cancer, cardiac diseases and bone related problems. The existing pervasiveness of these issues will increase demand for the product over the forecast period.
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Sodium Sulphide from Sulfur and Caustic Soda

Sodium sulfide is the chemical compound with the formula Na2S, or more commonly its hydrate Na2S•9H2O. Both are colorless water-soluble salts that give strongly alkaline solutions. When exposed to moist air, Na2S and its hydrates emit hydrogen sulfide, which smells like rotten eggs. Sodium sulfide is used in the pulp and paper industry, water treatment, textile industry, and various chemical manufacturing processes including the production of rubber chemicals, sulfur dyes and oil recovery. Along with its hydrate form, sodium sulfide releases hydrogen sulfide (H2S) when in contact with moist air. Sodium sulfide market size may exhibit growth of about 6.5% till 2024. The product finds extensive use as an assistant in sulfide dyeing, chemical fiber devulcanization, and as an ingredient for manufacturing organic chemicals. The product is also used in rubber, engineering plastics, pharmaceuticals, chemical cleansers, and food additive manufacturing which may accelerate Na2S market growth. Another factor that drives the sodium sulfide market is rising use of sodium sulfide in pulp and paper industry during Kraft process for cooking of pulp. Moreover, use of sodium sulfide for removal of hair from hides during leather processing is expected to offer growing opportunity for it in tanning industry. Sodium Sulfide are the source of sodium that are moderately soluble in acid and water. These sulfides are the esters of the sulfuric acid that are formed by replacement of hydrogen atoms by metal (sodium). Sodium sulfide finds widespread application in ore processing as it is used to produce ferrous (iron and steel) and non-ferrous (magnesium, copper, zinc, lead) metals particularly during the process of ore flotation. Sodium sulfide is especially important in copper mineral flotation. The manufacturing and construction industry in North America as well as Asia Pacific should fuel the demand for copper in the next decade or so. Some of the key players in the global sodium sulfide market are PJ Chemicals, Athiappa Chemicals, Shaanxi Fuhua Chemical Co., Ltd., Sichuan Shenhong Chemical Industry Co., Ltd., Iran Sodium Sulphide Company, Sankyo Kasei, Hebei Xinji Chemical Group Co., Ltd., Solvay, Longfu Group, Nafine Group International Co., Ltd., and others
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Sodium Bicarbonate from Soda Ash

Sodium bicarbonate commonly known as baking soda, is a chemical compound with the formula NaHCO3. It is a salt composed of a sodium cation (Na+) and a bicarbonate anion (HCO3?). Sodium bicarbonate is a white solid that is crystalline, but often appears as a fine powder. It has a slightly salty, alkaline taste resembling that of washing soda (sodium carbonate). The natural mineral form is nahcolite. It is a component of the mineral natron and is found dissolved in many mineral springs. Sodium bicarbonate reduces stomach acid. It is used as an antacid to treat heartburn, indigestion, and upset stomach. Sodium bicarbonate is a very quick-acting antacid. It should be used only for temporary relief. 5% Sodium Bicarbonate Injection, USP (sodium bicarbonate (sodium bicarbonate 5% injection) 5% injection) is a sterile, nonpyrogenic solution of Sodium Bicarbonate (sodium bicarbonate 5% injection), USP in Water for Injection, USP. It contains no antimicrobial agent. Sodium bicarbonate is commonly used as baking soda in food and beverage and animal feed. High consumption of grains, dairy, sugar, meat and fish products increases the body acid level which results into several health problems. Consumption of baking soda which is commonly used term for sodium bicarbonate in food & beverage industry, neutralizes the acidic level of body and reduces the risk of several diseases such as arthritis, digestive disorder, heartburn and stomach upset. The global sodium bicarbonate market is estimated to reach US$ 2,443.1 Mn by the end of the forecast period and is expected to expand at a CAGR of 3.7% for the period 2018–2028. The factors responsible for this positive growth of sodium bicarbonate market are increasing demand from industrial and pharmaceutical sectors, growing disposable income and favorable socioeconomic trends. The global sodium bicarbonate market along with a revenue forecast till 2023. It includes a thorough discussion on key market elements such as historical growth, potential future trends, and threats. In this study, the scope of the discussion spans across different sodium bicarbonate grades, including feed, pharmaceutical, food, and technical. The study also includes market sizing based on major end-users of sodium bicarbonate, which includes feed, flue gas treatment, detergents & cleaning agents, food & beverages, and personal care & pharmaceuticals, agriculture, hemodialysis, chemicals, textile and others.
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Paper & Paper Products

Paper is a thin material produced by pressing together moist fibres of cellulose pulp derived from wood, rags or grasses, and drying them into flexible sheets. It is a versatile material with many uses, including writing, printing, packaging, cleaning, decorating, and a number of industrial and construction processes. Papers are essential in legal or non-legal documentation. Paper is an important material, used daily for many purposes worldwide. The global production of paper and cardboard stood at approximately 411 million metric tons in 2016. More than half of that production was attributable to packaging paper, while almost one third was attributable to graphic paper. The paper industry has witnessed a decrease in the demand, wherein the P&W paper will decline at a CAGR of 2.2-2.9 percent until 2020, and the newsprint will decline at a CAGR of 4-5 percent. The rapid development of the internet and e-commerce business models are the major reasons behind the drop in the demand for paper. Paper industry in India is mainly plantation based and is essential that more land must be brought under plantations of eucalyptus and other trees apposite for the making of papers. The paper industry also requires huge amount of soft water and paper utilized for newspapers is called newsprint. Its requirement is bound to grow noticeably. India produces many varieties of papers, namely, printing and writing paper, packaging paper, coated paper and some speciality paper. Varieties under printing and writing paper are creame wove paper, super printing paper, maplitho paper (non-surface and surface size), copier paper, bond paper and coating base paper and others. The varieties under coated paper are art paper/board, chromo paper/board and others. There are approximately 600 paper mills in India, of which twelve are major players. Globally over 400 million tonnes of paper and paper products are consumed. The world's three largest paper producing countries are China, the United States, and Japan (these three countries account for approximately half of the world's total paper production), while India accounts for a small but growing share of the global market. The global paper and pulp mills industry has contracted slightly over the past five years, primarily due to the shift to digital media and paperless communication across most developed economies.
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Glass Ampoules (Distilled Water)

An ampoule (also ampul, ampule, or ampulla) is a small sealed vial which is used to contain and preserve a sample, usually a solid or liquid. Ampoules are commonly made of glass, although plastic ampoules do exist. Modern ampoules are most commonly used to contain pharmaceuticals and chemicals that must be protected from air and contaminants. They are hermetically sealed by melting the thin top with an open flame, and usually opened by snapping off the neck. Ampoules are the most widely used common packaging solutions globally. They are small sealed vials used to preserve samples in both liquid and solid forms. Ampoules are generally made of glass, but with the help of advanced technologies, ampoules are also manufactured using plastics. Ampoules are widely used in the pharmaceutical industry, owing to their beneficial characteristics. The worldwide ampoules and syringes market is witnessing a substantial rise in its valuation. Analysts expect the scenario to remain positive over the forthcoming years, thanks to the continual advancements in the biologics and biosimilars industry, influencing the demand for ampoules and prefilled syringes. Glass Ampoules market size was million US$ and is forecast to million US in 2025, growing at a CAGR of from 2018. The objectives of this study are to define, segment, and project the size of the Glass Ampoules market based on company, product type, application and key regions.
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Aluminium Paint

In the aluminium paint, the base material is aluminium powder. Aluminium paint is used for painting wood work and the metal surface. This paint is recommended for its good weather resisting and water proofing qualities. It is highly heat resistant and also resistant to corrosive action. Aluminum paint refers to a paint that is solvent-based and filled with aluminum flake. It is a protective metallic finish use on well-prepared metal surfaces like storage tanks, roofs and pipework. This paint can withstand temperatures up to 302°F (150°C). Aluminum paint is a very versatile paint that has several possible ways that it can be used and applied. Real flecks of aluminum are used in aluminum paint, along with fiberglass resin as a base to help it adhere to surfaces.
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Return: 1.00%Break even: N/A
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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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