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

Tripura is a state in Northeast India. The third-smallest state in the country, it covers 10,491 km2 (4,051 sq mi) and is bordered by Bangladesh (East Bengal) to the north, south, and west, and the Indian states of Assam and Mizoram to the east. Tripura is a landlocked state in North East India. The state has a tropical savanna climate, designated Aw under the Köppen climate classification. The undulating topography leads to local variations, particularly in the hill ranges. The four main seasons are winter, from December to February; pre-monsoon or summer, from March to April; monsoon, from May to September; and post-monsoon, from October to November.

Tripura's gross state domestic product for 2010–11 was 129.47 billion (US$2.1 billion) at constant price (2004–05), recording 5.71 per cent growth over the previous year. In the same period, the GDP of India was 48778.42 billion (US$790 billion), with a growth rate of 8.55 per cent. Tripura is an agrarian state with more than half of the population dependent on agriculture and allied activities. However, due to hilly terrain and forest cover, only 27 per cent of the land is available for cultivation. Rice, the major crop of the state, is cultivated in 91 per cent of the cropped area.

TOURISM

Tripura has a geographical area of about 10,492 sq. km. almost two-thirds of the state is under hilly terrain and it is surrounded on three sides by the deltaic basin of Bangladesh. The Tripura tribal’s are divided into two groups: Puran Tripuras and Natun Tripuras. The Puran Tripuras are the original inhabitants of the State and constitute a little over 16% of the total and 57% of the tribal population of the State. The Department of Tourism, Govt. of India, under the ministry of Tourism and Culture has been providing liberal financial and technical support for the tourism development in the state based on the projects received from the states. It is quite clear that Tripura has tremendous and quite unique tourism potential. This could be tapped mainly through the concept of Eco-tourism and Heritage tourism. Nature / wildlife tourism, adventure tourism, rural tourism, leisure tourism, pilgrimage tourism, international border tourism could be some special tourist packages. The Tourism Development in the Northeast region will depend on integrated approach, involving various government departments, private entrepreneurs, voluntary organizations and local community. This approach will also help in evolving local people’s perception towards tourism development as a strong tool for socio-economic up liftment.

INDUSTRIAL SECTOR

The State Government offers a package of incentives for setting up of industrial units, which is comparable to other states. Besides, the special incentive package i.e. North East Industrial and Investment Promotion Policy (NEIIP) declared by the Government of India for the North East Region is available to industrial units.

State Package of Incentives under Tripura Industrial Investment Promotion Incentive Scheme-

•                    Capital Investment Subsidy @ 30% and additional subsidy @ 2.5% for enterprises of ST, SC, & women individuals on Fixed Capital Investment.

•                    Full Reimbursement of Standard Certification Fees /Charges / other expenses on account of obtaining a standard Certification.

•                    Provides State Transport Subsidy for covering the portion for which Central Transport Subsidy is not available

•                    85% Exemption from the payment of Earnest Money and Security Deposits on tenders floated by State Govt. Department / Agencies.

Incentives declared by Central Government:

•                    Exemption of Excise Duty on finished products.

•                    Central Transport Subsidy.

•                    Income Tax Benefit.

•                    Capital Investment Subsidy.

•                    Comprehensive Insurance Scheme for insurance coverage. Subsidies to service sector, bio-technology and power generating industries.

INVESTMENT OPPORTUNITIES

Tripura offers an investor-friendly environment. The Government welcomes investments into the State, from both domestic and foreign investors.

•        Natural gas

Tripura has vast reserves of natural gas in non-associate form. The gas is of high quality, with high methane content of up to 97%. The availability of superior quality natural gas, at concessional price, offers a great opportunity to prospective investors, to set up gas-based industrial units, using natural gas

•        Information Technology (IT)

Tripura has been considered the second best IT destination in the North East. IT sector (including IT-enabled services) has been identified as one of the major potential growth sectors by the state. The high literacy rate of the State provides additional advantage for development of the sector.

•        Food Processing

The State government has identified food processing as a major thrust area. There is a vast potential for setting up of food processing units in the State. The agro-climatic conditions in Tripura are ideally suited for production of a large variety of horticultural crops.

•        Handicrafts

From time immemorial, Tripura has carved out a name for itself in the field of handicrafts. The gifted artisans produce wonderful objects of crafts from simple material like cane, bamboo and wood.

•        Tourism

Tripura is an attractive tourist destination. The state has a rich cultural heritage. There are number of historical Hindu and Buddhist sites.


INDUSTRIAL POLICY

•        To improve Basic as well Industrial Infrastructure.

•        Industrial Growth by attracting Private Investment.

•        To improve investment climate towards better regulation by removing barriers to competition.

•        Creation of hassle-free and congenial investment climate.

•        To bring significant increase in the State Domestic Product.

•        Widening of resources base of the state.

•        Development of connectivity (Internal road, railways and air & telecom).

•        Better social infrastructure Enabling Entrepreneurship -building capacities through entrepreneurial and technical skills, training and promotion of self-employment.

 THRUST AREAS

•        Natural Gas

•        Food Processing

•        Rubber

•        Tea

•        Handicraft

•        Bamboo

•        Handloom

•        Tourism

•        Information Technology

•        Education

  •           Healthcare

The Department of Industries & Commerce was established to promote Village and Small-scale industries as well as medium and large scale industries in the State. While efforts are being made to promote entrepreneurship within the State, the outside investors in the public and private sectors are also encouraged both for their financial capabilities and technical expertise, for the medium and large-scale units. The major existing industrial area is the Industrial Growth Centre Complex at Bodhjungnagar which also includes Food Park, Rubber Park and Export Promotion Industrial Park. The other industrial sites near Agartala as the main business and industrial centres are Dukli, Arundhatinagar and Badharghat. The mineral resources are minor amounts of glass sands, limestone, plastic clay and hard rock and all of these materials are being used in varying degrees. Setting up of ceramic tiles unit and other mineral based industries are being encouraged in the private sector.

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Ghee Manufacturing Unit

Ghee, also referred to as clarified butter, is a good alternative to cooking oil and is often used in Indian and Middle Eastern dishes. It is very fragrant and has a rich nutty taste. Ghee is solid at room temperature but can easily be melted if necessary. Many people prefer cooking with ghee over butter because it does not burn as easily as butter. Ghee, which is widely used in Indian cooking, is the pure butter fat left over after the milk solids and water are removed from butter. It is very fragrant with a rich nutty taste and represents the second largest consumed dairy product in India, after liquid milk. The ghee market in India has witnessed a strong growth in recent years. Some of the factors which have contributed in influencing the market growth are increasing disposable incomes, expanding distribution channels and introduction of organic ghee. The strong growth of the Indian ghee market can be attributed to numerous factors. One of the major driving factors is the fact that the majority of the Indian population is engaged in agricultural practices which involve a lot of physical labour. Thus, ghee is considered as a vital source of energy and nutrition in an Indian household. Apart from this, growing health-consciousness among the consumers has prompted manufacturers to come up with organic ghee, which in turn, has added to the overall demand. Some of the other driving factors include population growth, rising disposable incomes and expanding distribution channels in the country. The market is further expected to reach a value of more than INR 3014 Billion by 2021, growing at a CAGR of nearly 15% during 2017-2021.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Agarbatti (Incense Sticks) Manufacturing

Incense is aromatic biotic material which releases fragrant smoke when burned. The term refers to the material itself, rather than to the aroma that it produces. Incense is used for aesthetic reasons, and in therapy, meditation, and ceremony. It may also be used as a simple deodorant or insectifuge. Incense is composed of aromatic plant materials, often combined with essential oils. The forms taken by incense differ with the underlying culture, and have changed with advances in technology and increasing diversity in the reasons for burning it. Incense can generally be separated into two main types: "indirect-burning" and "direct-burning". Indirect-burning incense (or "non-combustible incense") is not capable of burning on its own, and requires a separate heat source. Direct-burning incense (or "combustible incense") is lit directly by a flame and then fanned or blown out, leaving a glowing ember that smoulders and releases fragrance. Direct-burning incense is either a paste formed around a bamboo stick, or a paste that is extruded into a stick or cone shape. Incense sticks also called agarbattis are fragranced sticks used from ancient period by people all over the world. The evolution of incense stick could be from the burning of aromatic woods in the primitive period. As mankind gained civilization and became more religious, these fragranced agarbattis played important role in daily rituals. India is largest incense stick maker and currently the export market for the sector is about Rs 450 crore. With the demand for branded agarbatti (incense sticks) growing at nearly 15 per cent every year. Kolkata has the largest market for sale of incense sticks or agarbattis by volume in the country at Rs. 150 crore or so, in the Rs. 1,000 crore national agarbatti market. As a large portion of the market was still unorganised but conservative estimates complied for last fiscal indicated that incense stick sales were growing at 7-8 per cent per annum.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Wood Pellets From Sawdust

In general, any biomass is suitable as raw material for pelletizing. Currently woody biomass is the predominant raw material for fuel pellet production. The main constituents of wood are the elements carbon (C), hydrogen (H) and oxygen (O). Other important elements are nitrogen (N), sulfur (S), magnesium (Mg), chlorine (Cl) and potassium (K) which are present in varying amounts. The density of logged wood is between 400-750 kg/m3. The ash content is around 1% or less but is strongly dependent on bark and needle portion as well as the level of secondary contamination like adhering soil. Pelletizing of hardwood is more difficult and requires the adaption of the pelletizing process. Thus, softwood is most commonly used with spruce, fir and pine being the most common woody raw materials. Wood has been used for heating and fuel purposes for thousands of years. The wood industry has found itself on the verge of a revolution, however, because of the rapid increase in development and utilization of new wood-based solid and liquid fuels. Wood pellets represent an alternative to the use of coal, gas and even traditional wood logs and chips. Pellets in the U.S. are sold in bags by retailers, adding about $20 per ton in packing, Pellets and wrapping material. With an average price of $276 per ton as of November, pellets can be found for as low as $176 per ton, or as high as $600 per ton in the Northern U.S. approximately 35 new facilities, in addition to the previously existent 15 plants, have started operations. With an average capacity of 66,000 tons per year, and several new facilities planned for 2018 and 2019. As a whole there is a good scope for new entrepreneur to invest in this business.
Plant capacity: 16.0 MT/day Plant & machinery: 80 lakhs
Working capital: -T.C.I: Cost of Project : Rs 350 lakhs
Return: 26.00%Break even: 51.00%
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uPVC Profiles for Doors and Windows

The uPVC profile is basically an extruded section of a mixture of PVC with certain additives to make it suitable for making uPVC Windows and Doors. So, this very formulation technology is the key to make a Quality profile to make the Premium Windows. This formulation varies according to the climates. That's why the formulation for High UV Sensitive India requires a formulation combination of 2.5 mm. Wall Thickness & 8 Parts of Titanium Dioxide. Casements are widely popular for many reasons. Their design easily adopt to any style of home, providing operation and performance features that can't be matched by other operating windows. Doors are a must for everyone who likes the idea of keeping up with the time. Very elegant yet functional, these are made out of high-tech rust proof frames and rigid, extruded uPVC profiles. The Indian uPVC doors and windows market is expected to grow at a CAGR of 7.0% during 2015-2020. The major drivers of the Indian uPVC doors and windows market are increasing new housing construction and replacement activities Massive construction is underway to respond to this urbanization. It has been estimated that the total built space in India would increase five-fold from 2005 to 2030, and by then more than 60% of the commercial built space would be air-conditioned. Over the next 10-15 years, the share of uPVC is expected to grow over 30% in both new and replacement sales, majorly fueled by the large, high rise apartment projects in urban cities. As a whole entrepreneur can venture in this field will be successful.
Plant capacity: 8.3 MT/Day Plant & machinery: 126 lakhs
Working capital: -T.C.I: Cost of Project: Rs 654 lakhs
Return: 28.00%Break even: 57.00%
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Wood Plastic Composite (WPC)

WPCs are composites containing a wood component in particle form (wood particles/wood flour) and a polymer matrix. They are used in a variety of structural and non-structural applications ranging from component and product prototyping to outdoor decking. Wood plastic composites (WPCs) are roughly 50:50 mixtures of thermoplastic polymers and small wood particles. WPC can be manufactured in a variety of colors, shapes and sizes, and with different surface textures. WPCs made with wood-polypropylene are typically used in automotive applications and consumer products, and these composites have recently been investigated for use in non-structural building profiles. The Indian market for particle board and plywood is estimated in value terms, at over Rs. 37 bn. Of the total market The wood-plastic composites market is projected to reach US$2.6 bn in 2012. Analysts anticipate the market to expand at a CAGR of 10.80% during the period from 2013 to 2019 and attain a value USD 5.84 Billion by 2021, at a CAGR of 12.4% from 2016 to 2021. Market is poised to grow at a CAGR of around 13.2% over the next decade to reach approximately $9.7 billion by 2025. Based on application, the wood-plastic composites market has been segmented into building & construction products, automotive components, industrial & consumer goods, and others. Thus, due to demand it is best to invest in this project. Few Indian major players are as under • Aryan Enterprises Pvt. Ltd. • Bajaj Eco-Tec Products Ltd. • Best Board Ltd. • Divine Board Pvt. Ltd. • Mangalam Timber Products Ltd. • Nuchem Ltd.
Plant capacity: 10,000,000Sq.Ft./AnnumPlant & machinery: 144 lakhs
Working capital: -T.C.I: Cost of Project: Rs 558 lakhs
Return: 31.00%Break even: 63.00%
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Hydraulic Hose with Crimping Facility of Hose End Fittings

A hose is a flexible hollow tube designed to carry fluids from one location to another. Hoses are also sometimes called pipes (the word pipe usually refers to a rigid tube, whereas a hose is usually a flexible one), or more generally tubing. The shape of a hose is usually cylindrical (having a circular cross section). Hose design is based on a combination of application and performance. Common factors are size, pressure rating, weight, length, straight hose or coilhose, and chemical compatibility. Hoses are made from one or a combination of many different materials. Applications mostly use nylon, polyurethane, polyethylene, PVC, or synthetic or natural rubbers, based on the environment and pressure rating needed. Development in rubber and plastic technology led to substantial growth of hose pipe and almost all the hose pipe manufactured has components of rubber and plastic. The market was estimated at USD ~ billion during 2016 which has increased from USD ~ billion in 2011 registering a five year CAGR of ~% in 2011-2016. The resultant effect on the global market for hydraulic rubber hoses is a CAGR of 4.2% from 2014 to 2022. This market is expected to be valued at US$779.8 mn by the end of 2016 and US$1 bn by 2022. Entrepreneurs who invest in this project will be successful. Few Indian major players are as under • Bhagawati International Ltd. • Cosmos India Rubber Works Ltd. • Finolex Industries Ltd. • Finolex Plasson Inds. Pvt. Ltd. • Jain Irrigation Systems Ltd. • Kimplas Piping Systems Ltd. (1996)
Plant capacity: 1,000Pcs./DayPlant & machinery: 74 lakhs
Working capital: -T.C.I: Cost of Project : Rs 211 lakhs
Return: 27.00%Break even: 66.00%
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Disposable Surgical Masks

A surgical face mask is also known as a procedure mask and purposely to be worn by health care professionals during operation procedures. It helps to catch the bacteria shed in liquid droplets and aerosols from the wearer's mouth and nose. A surgical mask is not to be confused with a respirator and is not certified as such. Surgical masks are not designed to protect the wearer from inhaling airborne bacteria or virus particles and are less effective than respirators. The TMR report reveals that the global sheet face masks market is expected to reach US$336.7 mn by the end of 2024. The global anesthesia face masks market is forecast to grow at a CAGR of 3.73% during the period 2016-2020. One trend that will boost market growth is the rising demand for disposable devices. Medical personnel worldwide are opting for disposable anesthesia face masks over traditional reusable masks. Reusable electrodes present risks of cross contamination, resulting in hospital-acquired infections or nosocomial infections. The CDC estimated that about 1.7 million people in the US have these infections every year, of which about 99,000 individuals die. which facilitates the development of new technologies and ensure a high quality product.
Plant capacity: 3,000Pcs. /DayPlant & machinery: 43 lakhs
Working capital: -T.C.I: Cost of Project: Rs194 lakhs
Return: 14.00%Break even: 51.00%
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Adhesive (Fevicol Type) Water Proofing Grade

Fevicol type adhesives come under the category of synthetic resins and latex adhesives are made from polyvinyl acetate is a thermoplastic, odorless, tasteless, non-toxic, essentially clear and colorless resin. WPA is the highest level of “wet strength.” This in itself is a misnomer in that all starch is water soluble. This type of adhesive would typically be used in the most demanding applications. In addition to using 1.5% to 2% “wet strength” resin in relation to the liquid volume of the batch, it is essential that additional starch be applied to the board. These are formulated from compounds like vinyl acetate polymers and copolymers (PVAC), ethylene vinyl acetate (EVA), acrylics, styrene-butadiene rubber (SBR), natural rubber latex and synthetic elastomers, and polyurethane (pur). Thus, as an entrepreneur this project offers an exciting opportunity to you. Few Indian major players are as under • Anabond Ltd. • Arofine Polymers Ltd. • C I C O Technologies Ltd. • Century Ply boards (India) Ltd. • D I C India Ltd. • F C L Technologies & Products Ltd.
Plant capacity: 3MT/DayPlant & machinery: 38 lakhs
Working capital: -T.C.I: Cost of Project : Rs 183 lakhs
Return: 27.00%Break even: 59.00%
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Pan Masala

Pan Masala is a balanced mixture of betel leaf with lime, areca nut, clove, cardamom, mint, tobacco, essence and other ingredients. It is an agricultural product with herbal properties, also available in hygienic pack and pouches. The ingredients in pan masala vary widely, depending on personal taste and region. the paan masala is consumed by all age groups and social classes. Most people across the world eat some mouth freshener after their meal or during leisure time. Meetha Pan Masala is an Indian sweet made with betelnuts, dry date, anise seed, cardamoms, saccharine menthol and artificial flavors. Indians are so addicted to flavoured tobacco — pan masala and gutkha to be precise — that despite the ban on its manufacture and sale in 11 states so far, consumers are still getting hold of their daily fix, courtesy contraband sales. Factors like its immense popularity, constantly increasing disposable incomes, convenient packaging, aggressive advertising campaigns by manufacturers and the large-scale switching of consumers from tobacco products to pan masala are currently encouraging the growth of pan masala market. According to IMARC group, the pan masala market has reached values worth around INR 35,459 Crores in 2016 growing at a CAGR of 16.5% during 2009-2018. We actively encourage a culture of innovation, which facilitates the development of new technologies and ensure a high quality product. Few Indian major players are as under • Alliance One Inds. India Pvt. Ltd. • Ashok & Company Pan Bahar Ltd. • Baba Global Ltd. • Dharampal Premchand Ltd. • Dharampal Satyapal Ltd. • Dhariwal Industries Pvt. Ltd.
Plant capacity: Sada Pan Masala: 165 Kgs/Day Meetha Pan Masala: 165 Kgs/Day Zarda Pan Masala : 170 Kgs/DayPlant & machinery: 12 lakhs
Working capital: -T.C.I: Cost of Project: Rs 191 lakhs
Return: 27.00%Break even: 54.00%
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Cotton Ball (Hospital and Cosmetic Use)

A cotton ball is a ball of soft fiber that is primarily used for medical or cosmetic purposes, but can be used for other purposes such as arts and crafts or cleaning. They originate from the cotton plant, which is a shrub that is found in sub-tropical and tropical regions throughout the world. Cotton grows in bolls which are located around the seeds of the plants. Although the cotton can be used in its natural form, the fibers can be spun into other products such as bed sheets and clothing or refined and sterilized for everyday and medical uses. Cotton balls have many uses in the home and in the world of beauty. Cotton is soft and can be used for delicate applications and for making your home smell fresh and clean. One bag of cotton balls in the home could be used for many different purposes, but here are a few of the most popular uses of cotton balls. Thus, due to demand it is best to invest in this project.
Plant capacity: 1,200 Pkts/DayPlant & machinery: 43 lakhs
Working capital: -T.C.I: Cost of Project: Rs 86 lakhs
Return: 29.00%Break even: 72.00%
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Information
  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.

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