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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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Pentaerythritol

Pentaerythritol is an organic compound with the formula C (CH2OH)4. Classified as a polyol, it is a white solid. Pentaerythritol is a building block for the synthesis and production of explosives, plastics, paints, appliances, cosmetics, and many other commercial products. Pentaerythritol was selected as a candidate material in the temperature range below 200°C. It is a material with several interesting features. Its heat of crystalline transition is as large as the heat of fusion of ice and it is not costly, because it is produced on a relatively large scale as a chemical commodity. Pentaerythritol or 2, 2-bis (hydroxymethyl)propane-1,3-diol is an odorless white, crystalline, solid organic compound. It is tetrahydric neopentyl alcohol with chemical formula C5H12O4 and is non-hygroscopic, non-volatile, and stable in air. It is predominantly used in the surface coating industries. The global pentaerythritol market includes rapid industrialization, increasing automotive production and sales, and rising building & construction activities across the globe. Furthermore, increasing automotive production along with rising application scope such as surface coating and lubricants is estimated to propel the growth of the market. Pentaerythritol is an alcohol containing four hydroxyl groups obtained from the aldol condensation process of formaldehyde and acetaldehyde. Pentaerythritol is an odorless, light yellow crystalline powder soluble in water. Pentaerythritol has different derivatives such as pentaerythritol esters, pentaerythritol tetranitrate, pentaerythritol tri-acrylate and dipentaerythritol. The global pentaerythritol market is categorized on the basis of application, and region. On the basis of the application, the market is categorized into paints & coatings, plasticizers, lubricants, adhesive & sealant, inks, varnishes, and others.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Sodium Metabisulphite

Sodium metabisulfite or sodium pyrosulfite (IUPAC spelling; Br. E. sodium metabisulphite or sodium pyrosulphite) is an inorganic compound of chemical formula Na2S2O5. The substance is sometimes referred to as disodium metabisulfite. It is used as a disinfectant, antioxidant, and preservative agent. Sodium metabisulfite is a reducing agent used in dough. It is used frequently in cookie and cracker production. It is also used as a preservative for baked goods, wine, dried fruit and jams due to its antioxidant capacity. Sodium Metabisulfite is a white crystalline or powder solid with a slight sulfur odor. Toxic by inhalation. Strongly irritates skin and tissue. Noncombustible, but may decompose to emit toxic oxide fumes of sulfur and sodium when heated to high temperature. A corrosive acid when mixed with water. Used as a food preservative and as a laboratory reagent. Sodium metabisulphite is used as a preservative in dried foods and canned juices, amongst others. It is also being used as an important additive in the sea food processing majorly shrimps. Sodium metabisulphite is also used as a softener in dough for making bakery products. The global increase in demand for packaged food products is expected to boost the sodium bisulphite market with application in the food and beverage industry. Moreover, the demand for food additives and preservatives is also expected to fuel the growth of the market. Furthermore, increase in research and development in new drug formulation has triggered the market demand of sodium metabisulphite in the pharmaceutical industry. Sodium metabisulphite is used in commercial wines to prevent oxidation and preserve flavor, which is likely to gain traction with increase in new brewery firms. With the increase in furniture and dcor demand, the market for sodium metabisulphite is expected to gain significant demand owing to its excellent bleaching properties. However, laboratory tests have shown carcinogenic results on exposure to sodium metabisulphite, which is expected to hinder the market growth. Rapid industrial expansion is expected to drive its market. The global Sodium Metabisulphite market is projected to reach a value of US$ 266.5 Mn, recording a CAGR of 5.3%.
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Return: 1.00%Break even: N/A
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Calcium hypochlorite

Calcium hypochlorite is an inorganic compound with formula Ca (ClO)2. It is the main active ingredient of commercial products called bleaching powder, chlorine powder, or chlorinated lime, used for water treatment and as a bleaching agents. This compound is relatively stable and has greater available chlorine than sodium hypochlorite (liquid bleach). It is a white solid, although commercial samples appear yellow. Used properly, by well-trained pool operators, this compound destroys germs that are capable of causing numerous health problems for pool users--diarrhea, swimmer's ear (a nasty earache) and various respiratory, skin and wound infections. Spa and hot tub waters are also disinfected with calcium hypochlorite--it's a chemical wonder that makes healthful water recreation possible. Calcium hypochlorite is a chemical compound with formula Ca(ClO)2. It is widely used for water treatment and as a bleaching agent or disinfectant. Calcium hypochlorite is one of the widely used chemicals for water sanitation across the globe that helps prevent water related diseases such as cholera and typhoid. It is extensively available across the globe and is also used for cleaning public pools. Calcium hypochlorite offers a favorable cost-to-performance ratio, as it provides protection from germs and is cost effective. The global calcium hypochlorite market can be divided based on product form and application. Based on the product form, the market is sectored into powder, pellet, and granule. On the basis of application, the market is divided into water treatment, house cleaners and detergents, agrochemicals, food and beverage, and pulp & paper. Calcium Hypochlorite is an active ingredient of various commercial products such as chlorine powder, bleaching powder and other. The Calcium Hypochlorite is mainly used in the water treatment applications as bleaching agents. Calcium Hypochlorite is an inorganic compound that is present in the white granular solid form.
Plant capacity: -Plant & machinery: -
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Return: 1.00%Break even: N/A
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Casein from Milk

Casein pronounced "kay-seen" in British English, is a family of related phosphoproteins (?S1, ?S2, ?, ?). These proteins are commonly found in mammalian milk, comprising c. 80% of the proteins in cow's milk and between 20% and 45% of the proteins in human milk. The Casein has a wide variety of uses, from being a major component of cheese, to use as a food additive. The most common form of casein is sodium caseinate. Casein is one of the two types of proteins in milk. It carries the same amino acid profile as whey but is absorbed differently. This means it offers a full array of amino acids to help your muscles achieve protein synthesis rather than protein breakdown. Maximuscle Micellar Casein, for example, is created from fresh skimmed milk to reduce lactose and fat but offer a full profile of slow release proteins. Casein is the protein found in all mammals’ milk. Mammals include cow, goat, sheep, yak, buffalo, camel and humans. This includes human breast milk even if the mother is on a GFCFSF diet. The global casein and caseinate market is anticipated to expand at a steady pace in the upcoming years. Casein is a type of protein which akin to other proteins helps build and repair tissues. Commonly found in mammalian milk, casein is often marketed as an alternative to another common dairy-based protein- whey protein. Casein obtained either from food or from a supplement could be a useful addition to the diet with several potential benefits. The global casein and caseinates market is projected to grow at the rate of 3.5% during the forecast period 2018 to 2023. Casein and caseinates are witnessing huge demand from food & beverages and various industrial applications including the plastic and fiber, paint, paper, glues, and textiles industries. The Global Casein & caseinate market is awaited to spread at a substantial pace in the coming years. Higher consumer demand for rich protein and momentous benefits of casein over other proteins in food and beverages industry is fueling the growth of this market.
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Return: 1.00%Break even: N/A
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Sulfamethoxazole

Sulfamethoxazole is an antibiotic. It is used for bacterial infections such as urinary tract infections, bronchitis, and prostatitis and is effective against both gram negative and positive bacteria such as Listeria monocytogenes and E. coli. Sulfamethoxazole is a bacteriostatic antibacterial agent that interferes with folic acid synthesis in susceptible bacteria. Its broad spectrum of activity has been limited by the development of resistance. Sulfamethoxazole and trimethoprim combination is used to treat infections such as urinary tract infections, middle ear infections (otitis media), bronchitis, traveler's diarrhea, and shigellosis (bacillary dysentery). This medicine is also used to prevent or treat Pneumocystis jiroveci pneumonia or Pneumocystis carinii pneumonia (PCP), a very serious kind of pneumonia. Sulfamethoxazole is a sulfonamide bacteriostatic antibiotic that is most commonly used in combination with trimethoprim as the drug Bactrim. Sulfamethoxazole competitively inhibits dihydropteroate synthase preventing the formation of dihydropteroic acid, a precursor of folic acid which is required for bacterial growth.
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Return: 1.00%Break even: N/A
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Galvanising of Zinc (By Electrical Process)

The Zinc Galvanizing process starts by carefully cleaning the surface of the steel by hoisting it from the Black area by a 2MT EOT crane and immersing it in a degreasing tank filled with an acid based degreaser after which it is cleansed twice in pickling tanks filled with 15% con. Zinc Galvanizing plants demand for lot of participation by the promoters as it has to stabilize the plant processes and parameters and involve the plant management to achieve the targets aimed.
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Return: 1.00%Break even: N/A
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Poppy Seed Oil by Expeller Process

Poppyseed oil (also poppy seed oil, poppy oil, and oleum papaveris seminis) is an edible oil from poppy seeds (seeds of Papaver somniferum, the opium poppy). The oil has culinary and pharmaceutical uses, as well as long established uses in the making of paints, varnishes, and soaps. Poppyseed oil is used as a high end salad oil and for refining sweet dishes, mueslis and salads. Due to its high content of polyunsaturated linoleic acid virgin poppyseed oil shouldn't be used for cooking and baking. Poppy seed oil is oil obtained from the seeds of yellowish-brown opium plant. It is a precious source of nutrients including saturated fatty acids, minerals and vitamins. Poppy seed oil is unique to the market and has several nutrient benefits due to the presence of large amounts of unsaturated essential fatty acids. The global poppy seed oil market is segmented on the basis of nature, application, distribution channel, and region. Based on the nature of poppy seed oil, it is segmented as organic and conventional. The organic oil market remains persistent in growth in the food sector this is due to the attractiveness of healthier and safe to use products. The global poppy seed oil market is segmented on the basis of nature, application, distribution channel, and region. Based on the nature of poppy seed oil, it is segmented as organic and conventional. The organic oil market remains persistent in growth in the food sector this is due to the attractiveness of healthier and safe to use products. The growing concern among consumers regarding non-organic/conventional oil using chemicals processing is expected to further increase the demand for organic poppy seed oil. The global production of poppy seeds was valued at 92 thousand metric ton in 2016 and is expected to register a CAGR of 2.3%. On the bases of application the poppy seed oil is segmented as food, dietary supplements and other uses: which include industrial uses such as making soap paints and varnishes. Among these the market for poppy seed oil in food applications is expected to grow steadily whereas the supplement market is driven by increasing consumer awareness and promotions on social media and hence is expected to show a relatively faster growth rate in terms of value over the forecast period.
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Return: 1.00%Break even: N/A
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High Alumina Ceramic

Alumina ceramic (Aluminum Oxide or Al2O3) is an excellent electrical insulator and one of the most widely used advanced ceramic materials. Additionally, it is extremely resistant to wear and corrosion. Alumina components are used in a wide range of applications such as electronics, pump components and automotive sensors. Alumina based ceramics are by far the largest range of advanced ceramics made by Morgan Technical Ceramics. Due to the important combination of properties, the behaviour and characteristics of our Alumina products to give you the best possible component. Alumina ceramic is the most mature of the engineering ceramics, offering excellent electrical insulation properties together with high hardness and good wear resistance but relatively low strength and fracture toughness.
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Return: 1.00%Break even: N/A
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Rubberised Coir Mattresses

Rubberized Coir is a natural fiber and is relatively airier in design. This helps air to circulate well inside the mattress and maintains a relatively cool sleeping temperature. Rubberized coir mattresses are good on one side, coir mattress being natural product keeps sleeper comfortable all the weathers. The global mattress market was valued at $31,181.5 million in 2017 and is predicted to register a CAGR of 3.8%, during 2018–2023. Rise in purchasing power parity and growing global population are the major drivers for the mattress market. Increasing number of hotels and rooms are expected to drive the growth of mattress.
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Return: 1.00%Break even: N/A
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Nitrocellulose Lacquer

Nitrocellulose lacquer is a material which has many uses both inside and outside the home. Like any other lacquer, it can be used to finish wood products and keep painted surfaces shining, though there is much more to it than that. Nitrocellulose lacquer was initially marketed as a fast-drying alternative to wood treatments such as shellac and varnishes. It was also combined with pigment to produce one of the first spray-on paints. Nitrocellulose lacquer is made by mixing fast-drying solvents with wood and cotton pulp containing cellulose that has been broken down by nitric and sulfuric acid. Nitrocellulose is a highly inflammable compound produced by nitrating cellulose by exposure to nitric acid or other powerful nitrating agent. Nitrocellulose when utilized as a low-order explosive or propellant it is known as guncotton.
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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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