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

Nagaland is a state in North East India. It borders the state of Assam to the west, Arunachal Pradesh and part of Assam to the north, Burma to the east and Manipur to the south. The state capital is Kohima, and the largest city is Dimapur. It has an area of 16,579 square kilometers (6,401 sq mi) with a population of 1,980,602 per the 2011 Census of India, making it one of the smallest states of India.

ECONOMY

Literacy rate in Nagaland has seen upward trend and is 79.55 percent as per 2011 population census. Of that, male literacy stands at 82.75 percent while female literacy is at 70.01 percent. Total literates in Nagaland stands at 1,342,434 of which males were 723,957 and females were 618,477.

Nagaland has basically an agricultural economy. A great ambition of the villager is to have a bumper harvest. The economy of the state is predominantly based on agriculture. The major land use pattern is slashed and burn cultivation locally known as jhum. About 1, 01,400 hectare of land is under jhum cultivation. Rice is the dominant crop and also the staple diet of the people. Of the gross cropped area under food grains, rice accounts for about 84.4%. Oil seeds are also an important crop. It includes Rapeseed, mustard etc. Coffee cardamom and tea are grown as plantation crops in Nagaland.

INDUSTRY

The age old industry of the state is cottage industry which plays a vital role in the village's economy. Cottage industries which deserve emphasis are -

1.       Weaving and dyeing

2.       Work in cane

3.       Work in wood, black smithy, pottery and excavation of salt, pulp and paper mill.

Spinning and weaving were the only significant industry in the Naga Hills until independence. Mill made yarn, by virtue of its easy availability and cheapness is steadily substituting the thread, spun locally. In course of time, indigenous spinning would probably become extinct unless the Nagas switched over to modern techniques. Weaving, however, continues to be popular. The state is trying to encourage small-scale and cottage industries. This will reduce the pressure on land, ensure a larger employment potential and lead to a balanced regional development. Weaving training-cum-production centres have been set up at Mokokchung and Dimapur, a Cottage industry training-cum-production centre has come up at Mon, and a cottage industries training centre at Aghunato. Three medium-level industries have been established by the government for the development of Industrial Sector. The Nagaland sugar mill at Dimapur has an installed capacity of 1,000 tonnes of cane per day.

MINERAL BASED INDUSTRY

Nagaland is rich in mineral resources. The exploration carried out by the State Geology and Mining Department as well as by other Central Agencies such as Geological Survey of India, Oil and Natural Gas Corporation Ltd., etc. have established several mineral reserves. There is urgent need for enhancing the pace of exploration especially for untapped potential for hydro-carbon deposits and metallic deposits, by infusing both the latest technology and required funds from domestic and foreign investors. the huge reserves of more than 1000 million tonnes of high chemical grade limestone in the Eastern Nagaland is a major prospect for setting up of mineral resource based industries.

Atomic Minerals Division and Central Ground Water Board have established the following mineral reserves which can be exploited for commercially purposes:

•        Petroleum & Natural Gas

•        High grade limestone

•        Marble and dimensional/decorative stones

•        Coal

•        Nickel-Cobalt-Chromium bearing ore

The policy is to facilitate rapid and sustained industrial development in the state through enhanced investment, an investor friendly environment, provision of infrastructure and institutional support, attractive incentive package and optimum utilization of existing resources in order to gainfully exploit emerging opportunities in the national and international markets and generate substantial income and employment avenues for the people of Nagaland.

 OBJECTIVES OF THE POLICY

•        Create gainful employment opportunities for local population.

•        Develop human resources and bring about improvement in the quality of life by promoting industrial ventures in sectors in which the State has a comparative advantage.

•        Develop marketing facilities for industrial products.

•        Encourage large and medium scale mother industries in the public, private, joint and assisted sectors to create an industrial base making use of the available resource base of the State in selective categories compatible with the local environment and ecology.

•        Develop marketing facilities for industrial products.

•        Encourage large and medium scale mother industries in the public, private, joint and assisted sectors to create an industrial base making use of the available resource base of the State in selective categories compatible with the local environment and ecology.

The salient features of the Nagaland State Industrial Policy among others are the areas of:

•        Food processing industries

•        Tourism industries

•        Agro forest based industries

•        Handloom and handicraft

AGRO-BASED INDUSTRIES

Policy on Agro-Allied Sectors shall be formulated by the state Government with long terms Projections on targets, area coverage, production levels and areas of emphasis in terms of farming, Processing and marketing activities. The Government shall also take concrete steps for improvement of Bio-technology and modernization of agriculture in the state with a view to enhance quantitative and Qualitative targets in these core Sectors.


HANDLOOM AND HANDICRAFTS

Handicrafts and handloom sector in Nagaland have vast potential for growth due to the availability of abundant skilled labor and raw materials, as well as due to rich cultural traditions of its people. Nagas are inherently skilled people and their handicrafts and handloom products are well known for the beauty and intricacies of work. These products have widespread appeal and demand in the domestic as well as offshore markets. The natural skills of Nagas lie in basketry, pottery, cultivation, spinning and weaving, carving, dyeing metal work, etc. The colorful shawls, bags and jackets woven by Nagas are extremely popular.

The Nagaland Handloom & Handicrafts Development Corporation and the Nagaland Khadi& Village industries

•        As a promotional agency to extend assistance to entrepreneur and also to market the                          products of the artisan and cottage industry. 

•        As institution to fund projects of entrepreneurs in cottage and tiny sector.

The Nagaland Industrial Development Corporation Limited (NIDC) is a Government of Nagaland undertaking,  with the objective to promote, develop, establish and assist industries in the State. NIDC had set up a Sugar Mill Project and its ancillary Distillery Project at Dimapur. NIDC manages and maintains two Industrial Estates at Dimapur, which were taken over from the State Government in 1976. The Industrial Estates covering a total area of 40 acres has 25 ready built Standard Factory Sheds, which are rented out to industrial units at concessional rates. In the hospitality industry, NIDC’s wholly owned subsidiary, Nagaland Hotels Limited, has established the only two hotels with Three Star facilities, at Kohima and Dimapur. Through its thrust in the transport sector, has created a genre of private transport operators and today there are private taxis and buses servicing every remote reach of the State thereby alleviating the transport and communication bottlenecks, a crucial infrastructure for development.

FINANCIAL RESOURCES

The possible financial sources for industrial growth in the state are identified as under: 

•        State budget 

•        Central assistance 

•        Institutional financing 

•        Foreign assistance 

•        Private sector investments, from within and outside. 

•        Internal and outside resources mobilization through shares, debentures, securities and bonds etc. 

The important natural resources of the state of Nagaland are in the form of its rivers, forests and its mineral resources.

Rivers 

There are four main rivers flowing through Nagaland, these are Dhansiri, Doyang, Dikhu and Jhanji. Some of the tributaries of the mighty Brahmaputra also flow through this state before finally merging.

Forests

Nagaland is endowed with rich forest resources including various types of flora and fauna. About 20% of the total geographical area is under the cover of tropical and sub-tropical evergreen forests - including palms, bamboo and rattan as well as timber and mahogany forests.

Minerals

Nagaland is rich in mineral resources including coal, limestone, iron, nickel, cobalt, chromium, and marble. But these are yet to be explored.

SCOPE OF INVESTMENT

•        Office Complexes

•        Multiplexes

•        IT Parks

•        Commercial Infrastructure

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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Extruded Food (Kurkure Type)

Food extrusion is a form of extrusion used in food processing. It is a process by which a set of mixed ingredients are forced through an opening in a perforated plate or die with a design specific to the food, and is then cut to a specified size by blades. The machine which forces the mix through the die is an extruder, and the mix is known as the extrudate. The extruder consists of a large, rotating screw tightly fitting within a stationary barrel, at the end of which is the die. Extrusion processing has become an important food process in the manufacture of pasta, ready-to-eat cereals, snacks, pet foods, and textured vegetable protein (TVP). An extruder consists of tightly fitting screw rotating within a stationary barrel. Preground and conditioned ingredients enter the screw where they are conveyed, mixed, and heated by a variety of processes. The global extruded foods market is expected to grow significantly in the near future. Rapid growth of the processed food industry is expected to fuel the extruded foods market. The increasing investments in emerging economies create the growth opportunities for the manufacturers. On the other hand unpredictable factors, such as global climatic conditions affect the production of raw materials, which can hamper the growth of the extruded foods market. Extrusion cooking is an energy efficient means of preparing ready-to-eat food and snacks. It offers versatility in terms of ingredient selection and texture & shape of products that can be produced. Extrusion snack food products are prepared using a wide variety of ingredients such as corn, potatoes, tapioca, and others.
Plant capacity: -Plant & machinery: -
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Return: 1.00%Break even: N/A
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Sintered Bush

Sintered bush including a porous metallic sintered body including: an iron (Fe) based matrix containing a martensite structure; and one or more kind of metal matrix selected from copper (Cu), tin (Sn), and nickel (Ni), in which a lubricant which has oil separation of 5 to 10% at an operational temperature of 60 to 80°C. And is semisolid or solid at room temperature is impregnated in pores of the porous sintered body. The demand of the bushing is dependent on the various sectors like automobile, motors, home appliance etc. The Indian automobile market can be divided into several segments viz. two-wheelers (motorcycles geared and ungeared scooters and mopeds), three wheelers, commercial vehicles (light, medium and heavy), passenger cars, utility vehicles (UVs) and tractors. Demand is linked to economic growth and rise in income levels.
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Return: 1.00%Break even: N/A
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Web Offset Printing

Offset printing is a commonly used printing technique in which the inked image is transferred (or "offset") from a plate to a rubber blanket, then to the printing surface. When used in combination with the lithographic process, which is based on the repulsion of oil and water, the offset technique employs a flat (planographic) image carrier on which the image to be printed obtains ink from ink rollers, while the non-printing area attracts a water-based film (called "fountain solution"), keeping the non-printing areas ink-free. The modern "web" process feeds a large reel of paper through a large press machine in several parts, typically for several metres, which then prints continuously as the paper is fed through. Web offset printing is a type of offset printing that continuously feeds a roll of paper through the press. The paper is not precut but is after the printing is complete and then goes to bind or fold. Web offset presses are able to print on one or two sides simultaneously. With these features, web offset printing is perfect for those larger commercial projects. Web Offset printing is one of two variations of offset printing; the other being sheet-fed offset printing. Offset printing press is a majorly used printing technique in which the inked image is shifted from a platter to an elastic blanket, and after that, it is finally transferred to the printing surface. Offset printing is the advanced method of the printing system in any language and format. The method of offset printing press are based on tradle, or rotary printing press in which the matter to be printed was to be primarily collected manually rather automatically. In offset printing press, the content which is to be printed, is fed in the system and after that with the help of the camera, it is film and exposed is prepared through chemicals and put into offset printing press machine for the final print.
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Return: 1.00%Break even: N/A
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Alumina from Gibbsite

Alumina (aluminium oxide) is a white granular material produced from the refining of bauxite. Around 90 per cent of the world's alumina is smelted to produce aluminium metal. Around two tonnes of alumina is required to produce one tonne of aluminium. Alumina is the common name given to aluminum oxide (Al2O3). Alumina is produced from bauxite, an ore that is mined from topsoil in various tropical and subtropical regions. Only about 10% of alumina is used in non-metallurgical application and is known as high purity alumina. High-purity alumina contains a minimum of 99.99% pure aluminium and is a type of non-metallurgical alumina. High Purity Alumina Market is expected to garner $5,293 million by 2023, registering a CAGR of 17.0% during the forecast period 2017-2023. The market for high purity alumina has witnessed tremendous growth during the past few years and is expected to grow at a CAGR of 20.7% in terms of volume, during the analysis period. World demand for high purity alumina has gained an incredible traction, owing to growing technological advancements and increasing demand from applications namely LED bulbs, electronic displays, automotive and medical. This trend is expected to continue with growing adoption of HPA by end users and emerging technological advancements in electronics industry. Increasing penetration of LEDs in the lighting market, newer applications of high purity alumina in smartphones, smartwatches and tablets, are significant factors driving the growth of the high purity alumina market. However, higher cost of production is expected to impede the high purity alumina market growth.
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Return: 1.00%Break even: N/A
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Stainless Steel Corrugated Hoses, Metal Hose

The Stainless steel corrugated hose is especially designed to achieve several objectives in pipe work design. These include, absorption or vibration, operate under vacuum, handle temperature extremes, suppress rigid pipe noise transmitted, accommodate reciprocating and flexing movement, operate effectively under high pressures and adjust or correct for misalignment. Stainless steel corrugated hose is a general purpose industrial hose. The corrugated hose is manufactured from a cylindrical, thin walled tube formed from rolled strip and welded at the seam. Impressed into this tube is a corrugated annular profile. Annular corrugation means each convolution is perpendicular to the centre line of the hose giving a distinct advantage of movement with each corrugation being relatively independent of movement from each other. When the corrugations are closely spaced, the hose is referred to as ‘closed pitch’ hose. Conversely, when the corrugations are more widely spaced, the hose is referred to as ‘open pitch’. The industrial hose market is forecast to reach $14.81 billion by 2023 from $10.67 billion in 2017 at a CAGR of 5.6% during (2017-2023) driven by increasing infrastructure-related developments and growing demand for robust industrial hoses. The major players in the industrial hose market are Eaton (Ireland), PARKER (US), Gates (US), RYCO Hydraulics (Australia), Transfer Oil (Italy), Colex International Limited (UK), Kurt Manufacturing (US), NORRES Schlauchtechnik (Germany), PIRANHA HOSE PRODUCTS (US), Polyhose (India), Semperflex (Austria), United Flexible (US), UNAFLEX Industrial Products (US), Hose Master (US), Salem-Republic Rubber (US), Trelleborg (France), Terraflex (Israel), Kanaflex (US), Merlett Tecnoplastic (Italy), Pacific Echo (US), Suttner America (US), and Sun-Flow (US). The industrial hose market in APAC is expected to grow at the highest CAGR between 2017 and 2023. APAC is expected to witness rapid growth in the industrial hose market in the near future owing to rapid urbanization, increasing demand for automobiles, modernization of agricultural processes, and increasing demand for robust hoses from agriculture, infrastructure, and automobile industries. Moreover, high population density and growing per capita income of this region, along with large-scale industrialization and urbanization, are driving the growth of the industrial hose market in APAC.
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Return: 1.00%Break even: N/A
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Glass Manufacturing (Security Glass, Window Glass, Glass Basin & Elevation Glass)

Security Glass Security glass was invented to provide maximum protection against deliberate attack. The security glass was designed to protect people and their property against vandalism or thieves. Glass panels may protect against any impact, falling objects as well as noise and fire. The security glass is considered to be safe, if its production method or combining processes allow to limit damages caused by hits, deformations or fire. Security glass offers protection against aggression and can act as an important deterrent against vandalism and infraction. The growing need of security in every sphere has marked the growth of bulletproof security glass market. It is finding its way in various applications like armoured cash truck, ATM booths, premium vehicles, banks, and others. While a majority areas of developed regions demand bulletproof security glass in as many applications as possible, developing economies are also witnessing significantly growing demand following the increasing need for reliable security. The global bulletproof security glass market accounted for US$ 4.24 Bn in 2017, and is expanding at a CAGR of 11.3% from 2018 to 2026. The bulletproof glass market is mainly driven by growing demand of global automotive industry. This coupled with growing demand from tech savvy consumers for various value added automobile products is also propelling the growth of bullet proof security glass market in the automobile segment during the forecast period. Elevation Glass These elevation glass & sheet is well inspected on each section for delivering its flawless range. Applicable in houses, offices, hotels and restaurants, offered cladding is highly appreciated for enhancing the look of premises. These elevators are ideally installed at malls, corporate towers; shopping complexes and other places. These are highly demanded in national as well as international market due to its features such as elegant designs, long service life, durability and low maintenance. Glass Market: The construction and automotive industries are the most important consuming sectors: almost 80 million square feet of land in India is earmarked for shopping malls. Nowadays, taking climate, safety, sound attenuation, energy conservation and aesthetics into consideration, builders are opting for more glass in their construction. The glass revolution is also taking place in the automotive industry which is predicted to grow following an 8% cut in excise duty on vehicles and the easy availability of flexible automobile loans. The glass industry is a continuously growing one. Growth in global glass market is significantly dependent on the growth of building construction sector, automobiles manufacturing and the food and beverage industry. Glass is one of the most widely used end user products in daily households.
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Return: 1.00%Break even: N/A
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Corrugated Sheet Paper Mill Board

Corrugated paper sheets come in a variety of fun colors and can be used in many crafting and art projects, such as Christmas ornaments, cardboard wall art, or a whimsical accessory for child’s Halloween costume. Corrugated sheet and one or two flat linerboards it is made on "flute lamination machines" or "corrugators" and is used in the manufacture of shipping containers and corrugated boxes. The corrugated sheets are widely used in designing of corrugated boxes, folders and cartons. These sheets are generally made of different types of papers, paper boards and other materials. Due to superior load bearing strength, the corrugated sheet boxes are preferred by the manufacturers of electrical appliances, utensils and sanitary ware. Corrugated sheets are composite structure made by plain paper and fluted paper. The fluting is responsible for providing extra strength as well as cushioning. Corrugated sheets are mainly manufactured to make Boxes.
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Return: 1.00%Break even: N/A
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Garlic Flakes, Paste & Powder

Garlic Flakes are small, dehydrated pieces of garlic. The pieces are larger than in Garlic Powder or Garlic Granules. And, it’s a more expensive product than Garlic Salt, as it’s not diluted with salt. Typical dishes in which they are used include soups, stews, sauces, meat loaves, and casseroles. Garlic Flakes don’t work in items such as an oil and vinegar salad dressing: a dressing has the liquid, but doesn’t have the cooking. These are available in the various sizes and are known for their tangy taste and strong Flavors. These dried ginger flakes are widely appreciated in the market due to its medicinal use as carminative and stimulant. These gingers are processed and packed in hygienic and moisture free packaging. The Global Market for Dehydrated Garlic Flakes to 2023 offers detailed coverage of guanidine Dehydrated Garlic Flakes industry and presents main market trends. The market research gives historical and forecast market size, demand and production forecasts, end-use demand details, price trends, and company shares of the leading Dehydrated Garlic Flakes producers to provide exhaustive coverage of the guanidine carbonate. Garlic Paste is one of the essential ingredients in Indian cuisines. It is added to almost all of the Non-vegetarian preparations and a few vegetarian dishes in Hyderabadi cuisine. Ginger and Garlic Paste is mainly used as a condiment in various food preparation. Additionally, it dominates the cooking paste market. Ginger Paste is mainly used as a condiment in various food preparation and also serves as a carminative and gastric stimulant in many medicine preparations. As a condiment, it is used for flavoring mayonnaise and Tomato Ketchupsauce, Salads, meat sausages, chutney, pickles, Biryani, Fried Rice etc. As Indian people are the main consumer for this product, it has the vast market throughout India. These days, working people and young age group prefer to have instant foods, flavored and spicy foodstuffs and instant mixes. Being an essential culinary ingredient, garlic paste is consumed on a daily basis in every Indian household. The cooking-paste market is growing at 35% every year. The reason behind it, the cooking paste segment is now catering to working women professionals who are pressed for time and not just housewives. Basically, this type of paste helps to save time for cooking foods on regular basis. Apart from the domestic use, the hotels, restaurants and different eatery centers use this paste on regular basis. Basically, the value-added items ensure better revenue. Hence, starting a garlic paste making business is a profitable opportunity for the young startup community. Garlic Powder is an important ingredient of Indian cooking. It is being used for over hundred years as a condiment. It helps in absorption and digestion of food has anathematic and antiseptic properties and is thus used in several medicinal preparations. Garlic powder is a hygienically prepared product. It is easy and convenient to use and is liberally utilized in Indian food preparations be it vegetarian or non-veg.
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Return: 1.00%Break even: N/A
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Small Hotel/Motel with Party Room, Restaurant, Fast Food Parlour & Banquet

A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a refrigerator and other kitchen facilities, upholstered chairs, a flat screen television, and en-suite bathrooms. Small, lower-priced hotels may offer only the most basic guest services and facilities. Larger, higher-priced hotels may provide additional guest facilities such as a swimming pool, business center (with computers, printers, and other office equipment), childcare, conference and event facilities, tennis or basketball courts, gymnasium, restaurants, day spa, and social function services. Hotels and motels can also be segmented by room price rates. The establishments with room rates in the highest 30 percentile that are located in local or metropolitan markets are classified as upscale or luxury. The middle 30 percentile is classified as mid-priced, and the lowest 40 percentile as either economy or budget. Restaurant In Western countries, most mid- to high-range restaurants serve alcoholic beverages such as beer and wine. Some restaurants serve all the major meals, such as breakfast, lunch, and dinner (e.g., major fast food chains, diners, hotel restaurants, and airport restaurants). Other restaurants may only serve a single meal (e.g., a pancake house may only serve breakfast) or they may serve two meals (e.g., lunch and dinner). Restaurant! It is a most popular name in the present world. Many people do not have their meal in their home, they always take meal and food from restaurant. Restaurant is a public place, which opens to all for selling food and beverage to any person and peoples. In the restaurant industry, supply simply refers to the number of restaurants in a particular market, whether that market is national, regional or local. The global restaurant market is expected to grow substantially owing to the rise in the number of breakfast restaurants in response to the increasing consumer demand. Fast food and on-the-go menu items are also expected to fuel demand over the coming years. Although the industry does not face any restrictions, there could be challenges in obtaining a return on investment if not strategically performed. The Indian restaurant industry is worth Rs.75, 000 crores and is growing at an annual rate of 7%. The industry is highly fragmented with 1.5 million eating outlets, of which a little more than 3,000 outlets form the organized segment. However, the organized segment is rapidly growing at an annual rate of 16%. Quick service segment is the clear winner in the eating out market with a growth rate of 21%. Banquet Hall Banquet is a place where many guest having their Food and Beverage together. You can say Banquet is a proper place of party. Thousands of peoples have their Food and Beverage as well as Lunch or Dinner in Banquet Hall. Banquet hall is convenient place for setting up your events, the decorations and the food caterers. Banquet halls are within the reach of almost every strata of people. Moreover, the style of functioning of these banquet halls suits every Indian as well as foreigners. This is, thus, becoming a means for bringing people together and closer. This business truly deserves all supports. A banquet hall is like a boon to those who do not have the required facilities available to celebrate certain ceremonies/functions. It is economical and more favourable than five star hotels and at the same time requires quite a moderate sum to set up the business. The growing popularity of the system is a credential in itself that the future of this industry is quite bright.
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Men & Women Undergarment Manufacturing Business

Men & Women Undergarment Manufacturing Business. Innerwear Garments Industry. Manufacture of Regular Silk & Cotton Panties, Bikini Sets, Brasseries (Wired), Brasseries (Non Wired), Men's Briefs and Men's Baniyan. Most Profitable Apparel Business Ideas to Start Undergarments help to avoid soiling of outerwear are generally of two types: upper body and lower body garments, which cover the torso and waist and legs respectively. For undershirt, we include vest, sleeved vest and muscle vest. For briefs, we include regular briefs, trunks and boxer shorts. In winters, long underwear are preferred to provide extra warmth. Undergarments commonly worn by women today include brassieres and knickers (known in the U.S. as panties), while men often wear briefs, boxer briefs or boxer shorts. Items commonly worn by both sexes include T-shirts, sleeveless shirts (also called singlets or tank tops), bikini underwear, thongs, and G-strings. Increasing awareness regarding health and fitness and personal hygiene among men is influencing them to use two fresh/clean sets of undergarments in a day. Market Outlook Indian undergarment market by volume had grown at a compounded annual growth rate (CAGR) of 7% in the last 3 years. Population growth, increasing disposable incomes of consumers and the demand emanating more from women segment due to change in demographics influenced growth in demand. The undergarment industry in India is highly fragmented. The bulk of the market, approximately 70%, is dominated by private label brands and small local or regional players. There is only a minimal garment market for women. Traditional sari serves this function and replaces sleep and leisure wear at home. Indian women have long regarded underwear as an accessory, not an everyday item. However, the undergarment industry in India has recently seen rapid changes. The annual growth rate in this industry is close to 12% and this market is considered to be the most highly developed sector of the fashion industry. Soon, factors like growth in income level, preference for recognizable brands and rapid growth of retail chains are anticipated to increase the share of the underwear market that national brands control. The innerwear industry in India holds immense growth potential and it is evident from the entry of large international brands in the Indian market in the last few years. A key factor characterizing the huge growth in the Indian innerwear market is the increasing size of the organized market and the declining share of the unorganized market resulting in growing independent brands taking charge of the market. The Innerwear Category is one of the high growth categories in the apparel market and promises growth and innovation. The higher income, along with higher discretionary spending, growing fashion orientation of consumers and product innovations by the innerwear market have turned innerwear from a traditionally utilitarian item to an essential fashion requirement. The current size of the Indian innerwear market is Rs. 15,870 crores ($2.9 billion). The category is also growing at an impressive CAGR of 12 per cent and is expected to reach Rs. 27,900 crores ($5.1 billion). The womens innerwear market, which is driven by value-added innerwear products, contributes around 60 per cent to the market. The growth of the innerwear category is primarily centered in urban India. The trend towards Western outfits, combined with the demand for occasion and outfit-based innerwear, is acting as a boost for the market. Demand for innerwear with higher functionality and greater comfort is rising fast. The market for innerwear product variations like seamless intimates, plus size inner wear, body shape enhancers, etc., is burgeoning both in the metros and mini-metros. Men’s Innerwear Market The men’s innerwear market, worth Rs. 6,330 crores ($1.2 billion), is characterized by the presence of numerous Indian and international brands catering to different segments of the market. Though many fashion / apparel players have extended their existing brand labels in menswear to men’s innerwear as well, the product recall of players with focus solely on innerwear products is comparatively higher. The market is dominated by a large number of small-scale players making ~60-65 percent of the market fragmented and unorganized. However, the market segment is evolving gradually and moving towards organized retail. Women’s Innerwear Market On the basis of demographics, behavior traits, lifestyle activities and purchase patterns, the typical consumers of the women’s innerwear market can be divided into three distinct categories: Urbane Enthusiasts, Exuberant Seekers and Thriving Homemakers. The Indian innerwear market is primarily dominated by women’s innerwear which accounts for 64 percent of the total innerwear market and it accounts for 15 percent of the total women’s apparel market. Various product categories in women’s innerwear are – brassieres, camisoles, panties, tees, nighties, shorts, etc. Brassieres and panties contribute 85 percent of the total women’s innerwear segment. Women’s innerwear segment is poised to grow at an impressive growth rate of 12 percent over the next decade to reach Rs 56,364 crore by 2027 from current market size of Rs 18,454 crore. Women’s Lingerie Market Lingerie is a category of women’s clothing including at least undergarments, sleepwear and lightweight robes. The specific choice of the word often is motivated by an intention to imply the garments are alluring, fashionable or both. Lingerie is made of lightweight, stretchy, smooth, sheer or decorative fabrics such as silk, satin, Lycra, charmeuse, chiffon or (especially and traditionally) lace. These fabrics can be made of natural fibres like silk or cotton or of synthetic fibres like polyester or nylon. India lingerie market is projected to grow at a CAGR of over 24% during 2018-2023. Increasing demand from youth women population, increasing adoption of western culture & lifestyle and growing number of working women are aiding India lingerie market. Moreover, increasing expenditure on personal appearance and changing fashion trends in lingerie market are some of the other factors expected to propel demand for lingerie in India over the next five years. It can be demonstrated by the product differentiation brought by the lingerie manufacturers over online and retail stores which is a key factor complementing the growth of the global lingerie market. Increasing demand from youth women population, increasing adoption of western culture & lifestyle, and growing number of working women are aiding the lingerie market. Also, increasing expenditure on personal appearance and changing fashion trends in lingerie market are some of the other factors expected to propel the demand for lingerie. The lingerie market is segmented on the basis of product type into the bra, knickers and panties, loungewear, shapewear, and others. Bra segment holds the biggest share in the global market due to its indispensable usage. The knickers and panties segment is expected to make a significant contribution to the overall market as these are considered essential items of an attire. Also, in recent years, the development of technology to manufacture various types of bra and knickers has also increased. Adoption of the newly designed bras for cosmetic purpose is boosting the growth of lingerie market. Global Innerwear Market The global innerwear market is driven by several factors, for instance rising demand for shapewear internationally, grooming awareness via social media such as Instagram, Facebook, and Twitter, increasing spending through online retailing, and awareness about predominant global fashion trends. These factors are projected to drive the innerwear market throughout the forecast period. Furthermore, manufacturers are enhancing their distribution channels to increase the sales. As a result, the market is estimated to witness the rising adoption of innerwear. However, various local players and unorganized players offer low cost products made of cheap quality materials which are uncomfortable to wear and also cause skin problems. This is estimated to restrain the innerwear market throughout the forecast period. Tags How to Start an Undergarment Business, Ladies Undergarment, Underwear Manufacturing, Female Undergarments, Undergarments, Inner Garments, How to Start my Own Lingerie Business, Lingerie & Innerwear Business Opportunity in India, How to Start a Women's Underwear & Lingerie Business, How to Start Men & Women Undergarment Business, Undergarments (Men & Women) Manufacturing Plant, Ladies Undergarments Business in India, Underwear Industry, Undergarments Manufacturing Business Plan Pdf, Indian Innerwear Garments Industry, Starting an Underwear Business, Undergarments Industry in India, Undergarments Sector in India, Undergarments Manufacturing Project Report, Undergarment Business Plan, Undergarments Manufacturing, Undergarments Manufacturing Process, Raw Material for Undergarments, Undergarments Manufacturing Business Plan, Indian Innerwear Sector, Underwear and Lingerie Manufacture, Lingerie & Innerwear Business, Manufacturing of Hosiery Items (Undergarments for Men and Women), Hosiery Manufacturing Process, Regular Silk & Cotton Panties Manufacture, Bikini Sets Manufacturing Business, Brasseries (Wired) and Brasseries (Non Wired) Business, How to Start Briefs Men's Manufacturing Business, Baniyan Men's Manufacturing Business Plan Pdf, Process Flow Chart of Garments Manufacturing, Innerwear Business Opportunity in India, Men's Innerwear Business, Innerwear Manufacture, Report on Indian Innerwear Garments Industry, Hosiery Manufacturing Business, Women's Innerwear Industry, Project Report on Undergarments Manufacturing Industry, Detailed Project Report on Women's Underwear Business, Project Report on Women's Underwear & Lingerie Business, Pre-Investment Feasibility Study on Undergarments Manufacturing, Techno-Economic feasibility study on Men's Innerwear Business, Feasibility report on Men's Innerwear Business, Free Project Profile on Women's Underwear & Lingerie Business, Project profile on Undergarments (Men and Women), Download free project profile on Undergarments Manufacturing Business, Men's and Women's Underwear, Apparel Business, How to Start a Clothing Manufacturing Business, Profitable Clothing Business Ideas & Opportunities, Women's Apparel Manufacture, Apparel Manufacture, Clothing Manufacture, Women's Clothing Manufacturing Industry, Ladies Garments Manufacturing Ideas in India, Garment and Textile Production, Apparel Manufacturing Industry, Ladies Garments, Garments Manufacture, Apparel Industry, Men's Clothing Manufacturing Industry, Men Wear Business Opportunity in India, Most Profitable Apparel Business Ideas to Start, Readymade Garment Manufacturing Project, Men's & Women's Apparel Manufacturing Industry
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