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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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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.

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Tripod Stands, Tables & Chairs

Tripod Stands A tripod is a portable three-legged frame or stand, used as a platform for supporting the weight and maintaining the stability of some other object. A tripod provides stability against downward forces and horizontal forces and movements about horizontal axes. A tripod is a three legged device to hold your camera still. This is useful at lower shutter speeds to prevent the shake of your hands or the action of pressing the shutter from blurring the image, what we call camera shake for short. The outlook for the industrial tripods market is expected to be positive and the industrial tripods market will register healthy year over year growth over the forecast period. This growth can be attributed to rising demand for advanced-tech features in photography and strict government regulations to ensure quality of infrastructure. Under the material type segment of the industrial tripods market, the carbon fiber type industrial tripod segment is expected to register significant growth during the forecast period as this technology provides distinctive features, such as resistance to weather and corrosion. Tables & Chairs A table is an item of furniture with a flat top and one or more legs, used as a surface for working at, eating from or on which to place things. Some common types of table are the dining room table, which is used for seated persons to eat meals; the coffee table, which is a low table used in living rooms to display items or serve refreshments; and the bedside table, which is used to place an alarm clock and a lamp. There are also a range of specialized types of tables, such as drafting tables, used for doing architectural drawings, and sewing tables. Overall, the U.S. furniture market is expected to experience growth. The market registered a 4.5% increase in growth in 2016, placing its overall value at $114 billion. Although the first six months of 2017 saw a softened increase of 2.5% in consumer spending year over year, the U.S. furniture market is anticipated to grow at a “compound annual growth rate of 2.9% through 2019.”
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Return: 1.00%Break even: N/A
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White Cement

White cement is typically specified to ensure clean, bright, consistent colors, including light pastels. White cement allows a wide range of color options for producing structural and architectural concrete, as well as masonry and cementations building products. The final color and look of concrete and masonry materials are affected by many factors: White cement is a construction material, which exhibits aesthetic and hydraulic binding properties. This cement is often deployed along with pigments to impart attractive color to the concretes and mortars, which is not feasible with ordinary gray cement. White cement is extensively used as an alternative to gray cement owing to its value-added properties such as its ability to reflect heat and improved aesthetic appearance. The demand for white cement is higher among countries with hot environment conditions as more heat is reflected from the resulting white concrete surface when compared to standard gray concrete. Benefits • While grey cement is great for normal bricklaying work, white cement is necessary for the surface of the wall. It makes the walls resistant to external elements & acts as a smooth base for the paint. • The process is called a ‘wash’. The custom is to have your walls lime-washed; however, using white cement concrete mix will serve you multiple benefits. • The white cement wash offers a much better finish to start with, concealing hairline cracks with a durable, matte finish. The second benefit is the effect on the paints; the white surface allows the paint to stand out while also protecting it from moisture from the walls. The white cement market is expected to register a significant growth during 2018 to 2023 (the forecast period). This tremendous growth is supported by the increasing construction activities in emerging economies.
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Blue Detergent Powder

A detergent is a surfactant or a mixture of surfactants with cleaning properties in dilute solutions. These substances are usually alkyl benzene sulfonates, a family of compounds that are similar to soap but are more soluble in hard water, because the polar sulfonate (of detergents) is less likely than the polar carboxylate (of soap) to bind to calcium and other ions found in hard water. In most household contexts, the term detergent by itself refers specifically to laundry detergent or dish detergent, as opposed to hand soap or other types of cleaning agents. Detergents are commonly available as powders or concentrated solutions. Detergents, like soaps, work because they are amphiphilic: partly hydrophilic (polar) and partly hydrophobic (non-polar). Their dual nature facilitates the mixture of hydrophobic compounds (like oil and grease) with water. Because air is not hydrophilic, detergents are also foaming agents to varying degrees. Detergents are available in three forms, namely powder detergent, bar detergent and liquid detergent. Powder detergents are widely accepted by Indian consumers and dominate the industry. Even though detergent bars are still used in rural areas, they are fast disappearing from the market because of ineffectiveness. The detergent industry is an international industry which has been increasing by multiple percents every year. It is an integration of diverse companies that are fundamentally engaged in manufacturing synthetic organic detergents, inorganic alkaline detergents, and crude and refined glycerin from vegetable oils and animal fats. The industry is further expected to grow in both the industrialized as well as in the developing nations.
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Spice Oil or Oleoresins (Extraction of Essential Oil, Cardamom, Jeera, Ajwain, Ginger & Other Spices)

Spice oleoresins represent the complete flavour profile of the spice. It contains the volatile as well as nonvolatile constituents of spices. Oleoresins can be defined as the true essence of the spices and can replace whole/ground spices without impairing any flavour and aroma characteristic. Oleoresins are obtained from spices by extraction with a non-aqueous solvent followed by removal of the solvent by evaporation. Spice oleoresins guarantee superior quality of flavour and aroma. They are complete and balanced, consistent and standardised. The spice oils and oleoresins are specially suitable for such snacks in that they can be used very conveniently (without any handling of the raw spice like ginger, chilli, onion, etc.) and producing a standardised effect on taste. This is the reason practically all plants in India, numbering to more than twenty five are sent percent exporting their products to these nations. The demand is increasing and more and more plants are being commissioned for 100% export. It is used as a substitute for whole or ground spices without impairing flavor and aroma. Spice oils and oleoresins are consumed by a broad range of manufacturers such as beverage, confectionery, curry powder, soups, etc. On the basis of product type, spice oils and oleoresins market is segmented into black pepper, cardamom, capsicum, turmeric, cinnamon and others. The global essential oil market is observing a significant expansion in its size, thanks to the increasing usage of essential oil in aromatherapy. The augmenting demand for flavored food and beverages products among consumers is also boosting this market substantially. With the rising development of innovative beauty and personal care products, fueled by the increasing preference for natural products, the usage of essential oil for the creation of new fragrances is surging, leading to an expected upswing in this market over the next few years. The market’s opportunity is expected to touch US$17.36 bn by 2017. Further, the market is projected to expand at a CAGR of 9.60% between 2017 and 2022 and attain a value of US$27.49 bn by the end of 2022. The escalating industrialization and the augmenting disposable income of consumers are the also projected to drive the growth of this market in the near future, especially in emerging countries. The global market for essential oil is also assessed on the basis of region. The Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ), Latin America, North America, Europe, and Japan have been considered as the prime regional markets for essential oil across the world. Hitherto, Europe has been leading the global market.
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Rubber Reclaiming Unit

Reclaimed rubber is cured rubber obtained through thermo-chemical process that softens and swells the rubber. The viscosity of the rubber is lessened by shortening the polymer chain by mechanical shear and chemical action. The different types of reclaimed rubber available in the market are whole tire reclaim (WTR), drab and colored, butyl reclaim, and ethylene propylene diene monomer (EPDM), among others. Of these, butyl reclaim enjoys a substantial share in the market. Going forward, however, EPDM is slated to outshine all the other types of products in terms of growth due technological progress that has resulted in better product properties and improved sustainability. Reclaimed rubber finds application in automotive and aircraft tires, footwear, cycle tires, molded rubber goods, belts and hoses, retreading, etc. Among them, the automotive and aircraft tires account for a dominant share in the market and in the years ahead is slated to outpace all other application segments to clock maximum growth. Rising knowledge about the cost-effective and eco-friendly alternatives for virgin rubber will likely drive demand for reclaimed rubber for use in durable tires and other synthetic products in automotive sector. Reclaimed rubber is a cured rubber produced after passing through various thermo-chemical processes. Reclaimed rubber is soften by shortening the polymer chain. It is used in various applications such as automobiles, aircraft, retreading, belts & hoses, footwear, and adhesives. Reclaimed rubber is extensively used for industrial applications in place of synthetic rubber due to sustainability, less energy consumption, and cost-effectiveness. Stringent government regulations to promote recyclable material usage to reduce environmental pollution is driving the market growth. Reclaim rubber used as a substitute for natural & synthetic rubber. Reclaim rubber from a scrap of whole tires; tread peelings, natural rubber tubes used for different applications both for tires and on tires rubber products. Reclaiming or recycling is the widest spread method allowing fractional recycling and use of waste rubber. The common principle of the most existing methods of reclaiming is the destruction of turgid vulcanized rubber or thermal-oxidative. At the forefront of driving demand in the global market for reclaimed rubber is the growing consumer awareness about environment-friendly materials with reduced processing costs and improved properties. As a result, reclaimed rubber is finding use in automotive and cycle tires, footwear, and other molded rubber goods. Other factors stoking growth in the market are rising rubber costs, increasing concerns about the damage caused to the environment because of dumping used rubber in rivers, and greater energy efficiency. One trend in the market is increasing demand for reclaimed rubber tires from automotive industry. The growth of the automotive industry has resulted in high demand for reclaimed rubber tires. Reclaimed rubber is used in automotive tires to improve its resistance to sunlight, ozone, heat, and mechanical stress. With the rising use of tires in vehicles, the demand for reclaimed rubber will increase during the forecast period. Global reclaimed rubber market was valued at USD 2.09 billion in 2016, is expected to reach USD 3.75 billion in 2022 and is anticipated to grow at a CAGR of 10.2% between 2017 and 2022.
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Plastic Processing Moulds

Plastic moulding is the process of shaping plastic using a rigid frame or mould. This frame is known as Plastic Mould. The technique allows for the creation of objects of all shapes and sizes with huge design flexibility for both simple and highly complex designs. A popular manufacturing option, plastic moulding techniques are responsible for many car parts, containers, signs and other high volume items. Molding, also sometimes spelled moulding, is the process of manufacturing by shaping liquid or pliable material using a rigid frame called a mold or matrix. The plastic industry has been growing at about 20 percent a year on the back of spiralling demand from domestic and export markets. The growth rate of the Indian plastics industry is one of the highest in the world, with plastics consumption growing at 16% per annum (compared to 10% p.a. in China and around 2.5% p.a. in the UK). With a growing middle class (currently estimated at 50 million) and a low per capita consumption of plastics, currently 8kg per head, this trend is likely to continue.
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Continuous Copper Rod (CCR) from Copper Scraps

Copper rod is considered suitable for power and communication cables, house wire, strips for power and distribution transformers, magnet wires, etc. Copper rod is considered suitable for power and communication cables, house wire, strips for power and distribution transformers, magnet wires, etc.
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PVC Insulated Winding Wires for Submersible Motors

Winding wires are insulated with a very superior grade of PVC compound to give it the necessary electrical strength and resistance to abrasion. The copper conductors of required purity and conductivity are drawn and annealed specification. The automatic on-line controls in our extrusion process consistently give high quality of Capital Cables winding wires. The latest trend gaining momentum in the market is the rise in smart grid infrastructure. The economy, health and safety, and national security of any nation depend on the reliable delivery of electricity. The electricity grid is not just about power generation and transmission. It also includes an ecosystem of service providers, manufacturers, asset owners, and government officials at the local, state, and federal levels working together to run a reliable electrical grid. The development of smart grids across the globe is leading to the adoption of new metering technologies, better power protection measures, and use of efficient appliances. The global winding wire market is growing at a steady rate. In 2016, the market experienced high demand from APAC, followed by EMEA. In recent times, the rise in urbanization along with an increase in industrialization in the developing nations is likely to fuel the demand for winding wires as these wires are used in a variety of industries.
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Solid Fuel Cake

A hexamine fuel tablet is a form of solid fuel in tablet form. The tablets burn smokelessly, have a high energy density, do not liquefy while burning and leave no ashes. Invented in Murrhardt, Germany, in 1936, the main component is hexamine, which was discovered by Aleksandr Butlerov in 1859. Some fuel tablets use 1, 3, 5-trioxane as another ingredient. The tablets are used for cooking by campers, the military and relief organizations. They are often used with disposable metal stoves that are included with field ration packs. A pot can be supported above this with a circle of chicken wire or metal tent pegs. The burning tablets are sensitive to wind, so a simple windscreen should be used, such as a strip of aluminium foil curved in a circle around the pot and stove.
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Automobile Silencer for Two and Three wheelers

Automobile Silencer is a device used to reduce the noise produced by the engine. Silencer is used in automobile vehicles to reduce the noise produced by the exhaust gases of the engine. Mufflers are installed within the exhaust system of most internal combustion engines. The muffler is engineered as an acoustic device to reduce the loudness of the sound pressure created by the engine by acoustic quieting. The noise of the burning-hot exhaust gas exiting the engine at high velocity is abated by a series of passages and chambers lined with roving fiberglass insulation and/or resonating chambers harmonically tuned to cause destructive interference, wherein opposite sound waves cancel each other out. The installation of a muffler can make a significant difference to the noise level of a car. The primary function of an automotive muffler is to reduce the noise emissions from an engine. Automotive mufflers reduce noise production simply by allowing exhaust gases to pass through passages. Two types of automotive mufflers are available in the market. Since the optimal design of mufflers results in reduced noise from engines and enhanced fuel saving, these two factors are expected to drive the global automotive mufflers market during the forecast period. Furthermore, stringent government regulations regarding noise pollution in various regions such as North America, Western Europe and the APEJ are expected to drive the global automotive mufflers market. In the product type category, the muffler segment is expected to reflect high market share in the coming years. This segment led the global market during the past years and is expected to continue the trend in the years to follow. The muffler segment in 2017 was valued a little below US$ 10 Bn and is estimated to touch a value of over US$ 13 Bn by the end of the year of assessment (2027). The muffler segment is projected to grow at a value CAGR of 3.8% during the period of forecast (2017-2027). The global automobile muffler market is expected to grow exponentially in the near future. The market is driven by growing environmental concerns and stringent exhaust noise laws are driving the automobile mufflers market. Increasing customer base expected to open the future growth opportunities for the global automobile muffler market players. Additionally, growing market of the electric motorcycle and electrical scooter is expected to fuel the growth of the market over the forecast period. The global automobile muffler market is expected to grow exponentially in the near future. The market is driven by growing environmental concerns and stringent exhaust noise laws are driving the automobile mufflers market. Increasing customer base expected to open the future growth opportunities for the global automobile muffler market players. Additionally, growing market of the electrical motorcycle and electrical scooter is expected to fuel the growth of the market over the forecast period.
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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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