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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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Mosquito Repellent Oil

An insect repellent is a substance applied to skin, clothing, or other surfaces which discourages insects from landing or climbing on that surface. Insect repellents help prevent and control the outbreak of insect-borne diseases such as malaria, Lyme disease, dengue fever, bubonic plague, river blindness and West Nile fever. Pest animals commonly serving as vectors for disease include insects such as flea, fly, and mosquito.
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Return: 1.00%Break even: N/A
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PECTIN FROM RAW PAPAYA

Pectin is a structural heteropolysaccharide contained in the primary cell walls of terrestrial plants. It was first isolated and described in 1825 by Henri Braconnot. It is produced commercially as a white to light brown powder, mainly extracted from citrus fruits, and is used in food as a gelling agent, particularly in jams and jellies. It is also used in dessert fillings, medicines, sweets, as a stabilizer in fruit juices and milk drinks, and as a source of dietary fiber. Pectin is a type of polysaccharide fiber found in the cell walls of plants, specifically in the leaves, roots and fruits. Its main purpose is to bind plant cells together. Pectin is also used in foods to enhance absorption and add fiber to your diet. It’s typically employed as a thickening agent for foods that need to gel or thicken, such as jams and jellies. Lastly, pectin can also be utilized as a fat substitute in some baked goods.
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Return: 1.00%Break even: N/A
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FARM TOOLS AND IMPLEMENT -KUDALI, FAWRA, GAITI & BELCHA MANUFACTURING (AGRICULTURAL IMPLEMENTS)

The contribution of agriculture and allied sectors to India’s GDP stood at around 13.7% in 2012-13 (at 2004-05 prices) and the sector provides employment to around 58% of the country’s population. Agricultural production was estimated at 264.38 million tonnes in 2013-14 (includes kharif 2013 and rabi 2013-14 crops) and is expected increase further. Albeit still in an early stage, farm mechanization has played a notable role in the increase in agricultural production in the country. Manufacturing of agricultural equipment has the presence of around 250 medium and large scale enterprises, 2,500 small scale and 18,000 tiny units in India.
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Return: 1.00%Break even: N/A
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PRINTED TIN CONTAINERS (TIN CANS)

A tin can, tin (especially in British English, Australian English and Canadian English), steel can,[1] steel packaging or a can, is a container for the distribution or storage of goods, composed of thin metal. Many cans require opening by cutting the "end" open; others have removable covers. Cans hold diverse contents: foods, beverages, oil, chemicals, etc. Steel cans are made of tinplate (tin-coated steel) or of tin-free steel. In some dialects, even aluminium cans are called "tin cans".Tin is a soft, silvery-white metal that is very light and easy to melt. Being so soft, tin is rarely used as a pure metal; instead, it is combined with other metals in order to make alloys that possess tin's numerous beneficial properties. These include a low toxicity level and a high resistance to corrosion. Tin cans became mass market when the Industrial Revolution made biscuits one of the first industrially made food products. Biscuits were durable, could be made on a large scale by bakeries equipped with new machines and as a relatively clean product, could use a new source of cheap labour –women living in the rapidly growing cities, whose populations also provided a ready market. Tin cans are ideal for packaging food products. The food is preserved, long-life (air tight packaging) and fresh. The nutritive value remains. Tin cans are also easy to transport, also across longer distances. Food cans are used for (olive)oils, vegetables, fish, fruit, meat, soup, ready meals and pet food, this particularly because of the good protection of the filling good and the long conservation. Also the packaging of pharmaceuticals in these cans is possible as long as the production meets the legal requirements.
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Return: 1.00%Break even: N/A
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BRASS ROLLING SHEET

Brass Sheets are known for its superior finish appearance and finds various uses because of its easily malleable nature that allows the metal to get formed in various shapes and sizes. These brass sheets also find usage in making brass hardware. These brass sheets varies in sizes and thickness and can be provided in either soft or hard finish, thus making these perfect for many commercial and industrial applications.
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Return: 1.00%Break even: N/A
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BALL PEN MANUFACTURING

Ballpoint pens are made to order in mass quantities. While each manufacturer makes them slightly differently, the basic steps include ink compounding, metal component formation, plastic component molding, piece assembly, packaging, labeling, and shipping. In advanced shops, pens can go from raw material to finished product in less than five minutes. A ballpoint pen is a writing instrument which features a tip that is automatically refreshed with ink. It consists of a precisely formed metal ball seated in a socket below a reservoir of ink. As the pen is moved along a writing surface, ink is delivered. Even though ballpoint pens were first patented in the late nineteenth century, they only started to reach commercial significance in the early 1950s. Now, ballpoint pens dominate the writing instrument market, selling over one hundred million pens each year worldwide.
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Return: 1.00%Break even: N/A
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C.P. BATH ROOM FITTING (CHROME PLATED)

Chrome plating is used in a number of metallic products to increase its durability, because products which are chrome plated do not get corroded easily. Chrome plating is mostly used in the automotive industry and the bath ware industry. Chrome happens to be frugal, lightweight and attractive making it the best bet to plate luxury bathroom fittings. Most luxury bathrooms are state-of-the art designed sanitary ware which look spotless and attractive. Chrome meaning steel that has undergone several plating processes to endure the temperature changes and weather that a car is subject to outdoors. Triple plating is the most expensive and durable process, which involves plating the steel first with copper and then nickel before the chromium plating is applied. The fact that chrome plating is a method used in electroplating makes it rust resistant. Chrome plating also does not oxidise easily because of which it is mainly used in bathrooms and kitchens. CP fittings are available in a plethora of designs which look exquisite, when placed on the bathroom sink or used as a shower.
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Return: 1.00%Break even: N/A
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Elastic and Rigid Tape

Elastic tape is unique to other types of tape, like traditional athletic tape, in that it has elastic properties. Typically, elastic tape is designed to stretch up to approximately 140% of its original length, thus mimicking the properties of skin and allowing for some “recoil” or pulling force on the skin and underlying structures. These features are opined to provide several benefits including a correction of alignment of weak muscles, facilitation of joint motion, reduction in swelling, enhanced blood flow, and pain reduction. Rigid Strapping Tape is made from a strong rayon cloth with an aggressive sticking zinc oxide adhesive mass. The optimum strength rayon backing material and porosity enables the tape to remain in place during all sporting pursuits involving vigorous exercise and in all conditions. Pinked edges provide quicker tape application whilst eliminating threading. Rigid strapping tapes provide strong support for joints during high-stress sport activity, minimising excessive joint activity that can cause injury. The tapes are suitable for taping ankles, knees, fingers, shoulders and elbows.
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Handloom Products (Khes, Bed Sheets, Bed Covers, Furnishing And Tapestry Cloths)

A 'handloom' is a loom that is used to weave cloth without the use of any electricity. Hand weaving is done on pit looms or frame looms generally located in weavers' homes. Weaving is primarily the interlacing of two sets of yarn – the warp (length) and the weft (width). Handlooms also use naturally grown fibers and dyes. Handloom products are created by weavers from all over the country. Khes is a floor spread and bed covering that is traditionally made of cotton. The thinner ones are used as bed coverings in winter and the thicker ones are used in place of shawls during winters. Bed cover is a fabric worn on the bed over the blanket and sheet is used on the bed inside a blanket. They have higher demand especially by the urban population. Current demand is met through local production and import. Bed cover is a fabric worn on the bed over the blanket and sheet is used on the bed inside a blanket. Tapestry is a form of textile art, traditionally woven on a vertical loom. Tapestry is weft-faced weaving, in which all the warp threads are hidden in the completed work, unlike cloth weaving where both the warp and the weft threads may be visible. In tapestry weaving, weft yarns are typically discontinuous; the artisan interlaces each coloured weft back and forth in its own small pattern area. The handloom sector is a very important industry, as it is the second largest employer of the rural population after agriculture. The handloom industry employs 13 million people directly and indirectly and contributes to almost 19% of the total fabric produced in the country. The Indian handloom industry also produces over 70 percent of the world’s handwoven fabrics. In 2013, this sector produced 6.9 billion square meters of cloth.
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Hexamine from Formaldehyde

Hexamine is a reaction product of formaldehyde and ammonia widely employed in the production of thermosetting plastic materials. This product is usually obtained by evaporating a mixture of an aqueous solution of formaldehyde and ammonia, by a batch process. Batch processes are quite uneconomical and a Suitable continuous process wherein satisfactory yields are obtained has long been sought. Formaldehyde is also being used in producing home building products. Formaldehyde is also known for its preservative and anti-bacterial properties. Hence, medical laboratories and some consumer products are also using formaldehyde as a preservative. ? The global consumption of formaldehyde is increasing as it is being used on a large scale for construction and remodeling activity and furniture production. Due to the excellent thermal and chemical resistance, formaldehyde-based resins are being used in manufacturing airplane and automobile parts. Formaldehyde is also being used in manufacturing anti-infective drugs, hard-gel capsules, and vaccines.
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Return: 1.00%Break even: N/A
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Information
  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.

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