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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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Spice Oil Extraction from Curry Leaves (100% EOU)

Murraya koenigii, commonly known as curry leaf or kari patta in Indian dialects, belonging to Famil Rutaceae which represent more than 150 genera and 1600 species1 Murraya Koenigii is a highly values plant for its characteristic aroma and medicinal value. Curry leaves are a rich source of minor constituents, such as Ca, K, Mg, P, along with Fe, Mn, Se and Zn, in trace amounts. Toxic element (As, Cd, Hg and Pb) contents were found to be below USFDA limits. The mineral content of curry leaves are: Fe 152 to 158 mg/kg, Na 795 to 800 mg/kg, Mg 14 to 18mg/kg, Mn 96 to 98 mg/kg. According to the proximate analysis leaves of Murraya Koenejii consists moistures 63%, total nitrogen 1%, fat 6%, total sugar 14%, crude fiber 7% and ash 13%. The curry leaf (Murraya koenigii spreng) has 2.6% volatile essential oils (terpenes: beta caryophylline, beta gurjunene, beta elemene, bete phellandrene, beta thujene and others). These oils in the curry leaf are sufficiently soluble in water and terpenes are lighter than water. The global essential oil market size was valued at USD 3.36 billion in 2015 and is expected to witness an estimated growth rate of 9.0% from 2016 to 2024. Around 200 different types of essential oils are consumed all over the world annually, and the U.S. plays a major role in overall demand. Essential Oil Market is expected to reach $11.188 million by 2022, with a CAGR of 8.7% from 2016 to 2022. Essential oils, also known as volatile oils/aetherolea/ethereal oils, are derived from leaves, stems, flowers, bark, roots, or other parts of a plant. Which facilitates the development of new technologies and ensure a high quality product. Few Indian major players are as under • Concert Spices & Exports Ltd. • Dabur India Ltd. • Gangotri Oils & Agro Products Pvt. Ltd. • Gulab Oil & Foods Pvt. Ltd. • Khandelwal Edible Oils Ltd. • Mahesh Edible Agro Oil Inds. Pvt. Ltd.
Plant capacity: Curry Leave Oil: 500 Kgs. /DayPlant & machinery: Rs 13 lakhs
Working capital: N/AT.C.I: Cost of Project: Rs 152 lakhs
Return: 28.00%Break even: 59.00%
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Aluminium Rolling Mill

Aluminium foil is aluminium prepared in thin metal leaves, with a thickness less than 0.2 millimetres (8 mils), thinner gauges down to 6 µm (0.2 mils) are also commonly used. Standard household foil is typically 0.016 millimetres (0.6 mils) thick and heavy duty household foil is typically 0.024 millimetres (0.9 mils). Aluminium foil is produced by rolling sheet ingots cast from molten aluminium, then re-rolling on sheet and foil rolling mills to the desired thickness, or by continuously casting and cold rolling. Aluminium foil is a thin sheet of metal. As such it can be an absolute barrier to moisture, gases, odors, bacteria and moulds. There are around 10 Major Aluminium Foil manufacturers in India with rolling capacity of around 10000 tons per month to cater the total demand of around 12000 tons per month in different field of pharmaceuticals and flexible packaging industries. In the present scenario, market demand of the product is growing with a rate of 14.5% per annum. Global demand for aluminium foil is forecast to expand 8.7% p.a. between 2014 and 2018. Entrepreneurs who invest in this project will be successful. Few Indian major players are as under • Amco India Ltd. • Annapurna Foils Ltd. • Archer Metal Ltd. • E C K Haubold & Laxmi Ltd. • Flex Art Foil Ltd. • Gallium Industries Ltd.
Plant capacity: Aluminium Foil Food Grade (thickness 0.006 mm to 0.150 mm): 24 MT/DayPlant & machinery: Rs 310 lakhs
Working capital: N/AT.C.I: Cost of Project: Rs 1252 lakhs
Return: 29.00%Break even: 52.00%
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LT Cable

A low-tension line is a low voltage line and a high-tension line is a high voltage line. In India LT supply is of 400 Volts for three-phase connection and 230 Volts for single-phase connection. High tension or HT supply is applicable for bulk power purchasers who need 11 kilo-Volts or above. Most small consumers of electricity like individual houses, shops, small offices and smaller manufacturing units get their electricity on LT connection. HT is applicable for bulk purchasers of electricity like industries (big manufacturing units), big offices, Universities, hostels and even residential colonies (if the apartment complexes purchase together in bulk). Cable and wire industry has established itself as one of the backbones of modern information age. The increasing importance for power, light and communication has kept demand high for wire and cable. About 40 per cent of the entire electrical industry is composed by wire and cable industry, and it is expected to be double in the next 5 years. The global wire and cable market is valued at $127 billion in 2010. This market is expected to increase at a 9.4 per cent CAGR to reach nearly $200 billion in 2015. Revenues from the wires and cables industry in the India are expected to expand to INR ~ million in FY'2019 growing with a CAGR of 18.5% from FY'2014-FY'2019. As a whole you can invest in this project without risk and earn profit. Few Indian major players are as under • Aradhya Wire Ropes Pvt. Ltd. • Associated Cables Pvt. Ltd. • Cords Cable Inds. Ltd. • D P Wires Ltd. • D R S Cables Pvt. Ltd. • Deccan Wires & Welding Products Pvt. Ltd. • Excel Controlinkage Pvt. Ltd.
Plant capacity: LT Cable (11 mm-13 mm dia & PVC Copper Cable): 50 KM/DayPlant & machinery: Rs 227 lakhs
Working capital: N/AT.C.I: Cost of Project: Rs 915 lakhs
Return: 28.00%Break even: 52.00%
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LV Control & Power Cables, MV Cables

An electrical cable is an assembly of one or more wires running side by side or bundled, which is used to carry electric current. A power cable is an electrical cable, an assembly of one or more electrical conductors, usually held together with an overall sheath. The assembly is used for transmission of electrical power. Power cables may be installed as permanent wiring within buildings, buried in the ground, run overhead, or exposed. Flexible power cables are used for portable devices, mobile tools and machinery. Market research analysts at Technavio have predicted that the electric wire and cable market in India will grow steadily during the next four years and post a CAGR of almost 16% by 2020. This market research analysis identifies the growth in renewable power generation to be one of the primary factors for the growth of the electric cable and wire market. One of the primary focus area of the development plan is railways, with over Rs 800,000 crore as promised investment over the period of 2015-2020.In addition, the government has ear marked Rs 50,000 crore (US$ 7.53 billion) to develop 100 smart cities across the country. Thus, due to demand it is best to invest in this project. Few Indian major players are as under • Aradhya Wire Ropes Pvt. Ltd. • Associated Cables Pvt. Ltd. • Cords Cable Inds. Ltd. • D P Wires Ltd. • D R S Cables Pvt. Ltd. • Deccan Wires & Welding Products Pvt. Ltd. • Excel Controlinkage Pvt. Ltd.
Plant capacity: LV Control 3x1.5 mm2 Copper (340 Kgs/KM): 28 KMtrs. /Day Power Cables 7x1.5 mm2 Copper (350 Kgs/KM): 28 KMtrs. /Day MV Power Cables, 1x50 mm2, 1/30 KV Aluminium (780 Kgs/KM): 18 KMtrs. /DayPlant & machinery: 162 lakhs
Working capital: -T.C.I: Cost of Project: Rs 1147 lakhs
Return: 29.00%Break even: 53.00%
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I.V. Fluids (BFS Technology)

Intravenous fluids are fluids which are intended to be administered to a patient intravenously, directly through the circulatory system. These fluids must be sterile to protect patients from injury, and there are a number of different types available for use. Fluids are given when someone's body fluid volume falls. There are a number of things which can cause a drop in fluid volume. Vomiting and diarrhea are a classic example, which is why people are encouraged to drink fluids when they are sick, to keep their fluid volume stable. Intravenous fluids can also be used as a route of medication administration. The Indian pharmaceutical industry is the fourth largest in the world in terms of volume of output and thirteenth in domestic demand. However, the Indian industry, valued at USD 17 bn in represented just over 1% of the global pharmaceutical industry (USD 1700 bn) in value terms. The domestic market is estimated at Rs 680 bn. India has the world's third largest active pharmaceutical ingredients (API) for the industry valued at a little less than USD 2 bn. These new business streams would help growth in future earnings. Intravenous (IV) fluids market in India is around Rs. 3,000 crore growing at healthy rate of around 15-20 per cent a year due to its essential requirement in nature. Which facilitates the development of new technologies and ensure a high quality product. Few Indian major players are as under • Abaris Healthcare Pvt. Ltd. • Ahlcon Parenterals (India) Ltd. • Axa Parenterals Ltd. • Infutec Healthcare Ltd. • Kokad Pharmaceutical Laboratories Ltd. • Parenteral Surgicals Ltd. • Punjab Formulations Ltd.
Plant capacity: I.V. Fluid (500 ml.): 48000 Bottles /DayPlant & machinery: Rs 252 lakhs
Working capital: N/AT.C.I: Cost of Project: Rs 833 lakhs
Return: 29.00%Break even: 52.00%
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Floral Foam

Floral foam is a dense, lightweight and porous material that can be cut into virtually any shape. It holds its shape when wet and provides both water and support to cut flower arrangements. The density of floral foam means that it holds large quantities of water, which in turn, increases the life of flowers. It also provides increased support to the flower stems, giving more control with flower arrangements. Floral foam originally appeared as a green brick. Floral foams have become a permanent staple in the art of flower arrangement. By providing trouble-free support for flowers, many designs have been made achievable, giving flower arranging artists more room to come up with every design that they can imagine. Made of phenol material, floral foams are used as a base for mostly every conceivable design. Government of India has identified floriculture as a sunrise industry and accorded it 100% export oriented status. Owing to steady increase in demand of flower floriculture has become one of the important Commercial trades in Agriculture. Indian floriculture industry comprises the florist trade, nursery plants, bulb and seed production, apart from production of micro propagation material, and extraction of essential oils from flowers. The industry has been growing at a CAGR of 25 percent over the past decade. As a whole any entrepreneur can venture in this project without risk and earn profit.
Plant capacity: 12000 Pcs./DayPlant & machinery: 68 lakhs
Working capital: -T.C.I: Cost of Project : Rs 270 lakhs
Return: 27.00%Break even: 46.00%
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Water Based Acrylic Adhesive

The term “adhesive” refers to a viscoelastic material which adheres instantaneously to most substrates with the application of slight pressure and remains permanently tacky. A polymer is a pressure-sensitive adhesive within the meaning of the term as used herein if it has the properties of a pressure-sensitive adhesive per se or functions as a pressure-sensitive adhesive by admixture with tackifiers, plasticizers or other additives. Preferred alkyl acrylates which may be used to practice the invention have up to about 18 carbon atoms in the alkyl group, preferably from about 4 to about 10 carbon atoms in the alkyl group. ? With the Indian market being dominated by a few participants, price and the formulation of products are the two key differentiators in the water-based adhesive market. In response, large suppliers are spending more on branding to draw customers by increasing their awareness. World demand to rise 7.1% annually through 2018 Global demand for emulsion polymers used in adhesives is forecast to rise 7.1 percent per year to 17.3 million metric tons (dry basis) in 2018. As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian major players are as under • D H Resins & Chemicals Pvt. Ltd. • Golden Chem-Tech Ltd. • Henkel Adhesives Technologies India Pvt. Ltd. • Jyoti Resins & Adhesives Ltd. • Mccoy Soudal Sealants Adhesives & Foams Pvt. Ltd. • N G Adhesive Inds. Pvt. Ltd.
Plant capacity: 2000 Kgs./Day Plant & machinery: 47 lakhs
Working capital: -T.C.I: Cost of Project: Rs 251 lakhs
Return: 29.00%Break even: 53.00%
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Pre-Mix and Animal Feed(Poultry and Cattle)

Animal production has been taking place over a long time, with the availability of compound feed being only a relatively recent innovation. This is a feed which is designed to provide the animals' daily requirement of all known nutrients, and no more, and is intended to obtain maximum levels of production with minimum wastage of nutrients and at minimum feasible cost. Compound feed mills may be linked to a source of raw materials, such as a wheat mill or oilseed crushing plant; to a market outlet, such as a poultry or dairy enterprise; or they may be independent. Feed Premix Market size is projected to exceed USD 10.5 billion by 2023, at more than 2.9% CAGR. Rising consumer awareness about product health benefits may drive premix market. Global poultry feed premix market is expected to exceed over USD 2.1 billion by 2023, at more than 3.5% CAGR. Global aqua feed premix market is projected to exceed USD 400 million by 2023, at more than 4% CAGR. Consumption of fish and fish products is high in the aquaculture industry. This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under • Amalgam Nutrients & Feeds Ltd. • Amrit Feeds Ltd. • Anmol Feeds Pvt. Ltd. • Annam Feeds Ltd. • Avanti Feeds Ltd. • Baramati Cattlefeeds Pvt. Ltd.
Plant capacity: Cattle Feed: 64 MT/Day Poultry Feed: 32 MT/Day Pre-Mix Feed: 4 MT/DayPlant & machinery: 133 lakhs
Working capital: -T.C.I: Cost of Project: Rs 543 lakhs
Return: 68.00%Break even: 37.00%
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Dairy Farming

Dairy farming is a class of agriculture for long-term production of milk, which is processed for eventual sale of a dairy product. Dairying is an important source of subsidiary income to small/marginal farmers and agricultural laborers. The share of livestock product is estimated at 21% of total agriculture sector. Milk production alone involves more than 70 million producers, each raising one or two cows/buffaloes primarily for milk production. In addition to milk, the manure from animals provides a good source of organic matter for improving soil fertility and crop yields. India is the world’s largest milk producer, accounting for more than 13% of world’s total milk production. As it is the world’s largest consumer of dairy products, but consuming almost 100% of its own milk production. It is expected that the world milk production will rise to 867 MMT by 26 per cent from current 714 MMT. However, as per the current CAGR of 4 per cent and optimistic projection of 4.5 per cent, India`s milk production is estimated to touch 180 million MT by 2020. Thus, due to demand it is best to invest in this project. Few Indian major players are as under • Amrut Industries Ltd. • Anmol Dairy Ltd. • Britannia Industries Ltd. • G R B Dairy Foods Pvt. Ltd. • Haryana Milk Foods Ltd. • Indiana Dairy Specialities Ltd.
Plant capacity: Cow Milk (Ltrs.): 756000 Units /Annum Manure (MT): 1080 Units /Annum Calf (Nos.): 126 Units /AnnumPlant & machinery: 47 lakhs
Working capital: -T.C.I: Cost of Project: Rs 529 lakhs
Return: 21.00%Break even: 50.00%
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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. Fennel seeds are often key ingredients, since they tend to leave the mouth with a fresh feeling, and it is also possible to find cinnamon, cardamom, lime, menthol, areca nuts, betel nuts, and various other ingredients. India tops the list of smokeless tobacco users in the world with nearly 83 per cent consumers. 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. Popular pan masala brand Rajnigandha, produced by Dharampal Satyapal (DS) Group, has 65 per cent market share. Dharampal Satyapal, with sales of Rs 1,600 crore, is headquartered in Noida. This facilitates the development of new technologies and ensures 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. • Gogeneni Tobaccos Ltd.
Plant capacity: Sada Pan Masala : 165 Kgs /Day Meetha Pan Masala: 165 Kgs /Day Zarda Pan Masala: 170 Kgs /DayPlant & machinery: Rs 12 lakhs
Working capital: -T.C.I: Cost of Project : Rs 191 lakhs
Return: 27.00%Break even: 54.00%
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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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