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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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Extruded Food (Kurkure Type)

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

Nitrile (also known as Buna-N) closed cell sponge rubber is an excellent gasket material for sealing applications that require oil and UV resistance. With a high resistance to vegetable oil, animal oil, and mineral oil, Buna-N also performs well as a gasket or sealing material in petroleum-based applications. Closed cell Nitrile is a firm density material, which is also available in a soft density (C41NBR) and a medium density (C42NBR). A-flex Nitrile Rubber is a flexible thermal insulation material made from closed-cell, elastomeric nitrile rubber. It is also available with adhesive backing and foil facings, enabling fast and simple installation. Accosound (Open cell) and Accofoam (convoluted) are acoustic insulation materials suitable for various air borne and structural noise control applications. Global Silicone Elastomer Market was valued at $6,378 million in 2016, and is projected to reach $9,217 million by 2023, growing at a CAGR of 5.4% from 2017 to 2023. Silicone elastomer is a synthetic rubber, inorganic in nature, made via cross-linking of silicone-based polymers in presence of certain catalysts. This compound is available in variety of forms including solids, closed cell sponges, open cell foams, electrically conductive, and thermally conductive materials. Silicone elastomer is considered as a chemical bridge between inorganic & organic polymers, owing to its unique combination of mechanical and chemical properties. These polymers are superior to organic elastomers in terms of different characteristics, including heat resistance, good weatherability, flame retardancy, cold resistance, electrical properties, chemical resistance and stability. Automotive vehicles, one of the key applications of silicone elastomer, possess high market potential for investment, owing to rise in their demand followed by healthcare industry.
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Return: 1.00%Break even: N/A
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Sintered Bush

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

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

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

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

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

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

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

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