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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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Portal

Portal is a web-based platform that collects information from different sources into a single user interface and presents users with the most relevant information for their context. Over time, simple web portals have evolved into portal platforms that support digital customer experience initiatives. Web portal helps in search navigation, personalization, notification and information integration, and often provides features like task management, collaboration, and business intelligence and application integration. Examples of portals, particularly those that use a login experience, abound in most industries: • Patient Portals • Government Portals • Intranets/Extranets/Workplace Portals • Knowledge Management Portals • Student Portals • Vendor Portals Today, the average user can address the problem of content discovery with search engines, which have become more adept at serving relevant results. This, plus the information sharing capabilities offered by social media, means that human-curated lists of information are not a necessary starting place for most users. However, the three distinguishing strengths of portals — integration, consistency and personalization — are essential components of an increasingly important part of business today: digital customer experience. Modern portal platforms can play an important role in customer engagement, especially when they have been extended with new features such as content management systems or marketing automation.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Metal Pretreatment Chemical

Pre-treatment is the process of chemical preparation of various types of metal and aluminium prior to the application of a powder coated surface finish. In all cases of powder coating, appropriate surface pre-treatment is vital for ensuring long lasting results. Pre-treatment is key to quality – as important to the performance of the finished powder coated product as the materials used in its construction, its design, and the conditions under which it is employed. At Powder Coating Services, it is absolutely essential that high standards of pre-treatment are maintained, to ensure a consistently high-quality end product. Metal cleaning chemicals can be simple surfactant based cleaners and degreasers, solvents, or etchants. Applications • Powder Coating Industries • Liquid Paints / Stoving Paints Industries • Furniture Industries [MS & ALUMINIUM] • Wire Industries • Nutt & Bolt Industries • FAN Industries • Electrical Components Industries [MS Portion] • Automotive Industries • Sanitary Industries
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Oxygen and Nitrogen Gas Plant

Oxygen (CO2,gas at O0/1 matm. 1.429 g./l, crit. pressure, 49.7 matm.) is a colorless, odourless, and tasteless gas, somewhat heavier than air. It is one of the most active elements and plays on essential part in the respiration of living cells and in combustion. Nitrogen is the chemical element with the symbol N and atomic number 7. It was first discovered and isolated by Scottish physician Daniel Rutherford in 1772, nitrogen is the principal gas in air (78%). India industrial gases market was valued at $ 2.1 billion in 2017 and is forecast to grow at a CAGR of over 11% to surpass $ 3.9 billion in 2023 on account of growing demand from metal industry, particularly steel. Moreover, regular capacity expansions by automobile, refinery and chemical companies coupled with increasing number of new applications of industrial gases is further augmenting demand for industrial gases in the country. As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian major players are as under: • Air Liquide India Holding Pvt. Ltd. • Arrow Oxygen Ltd. • Bellary Oxygen Co. Pvt. Ltd. • Bhagawati Oxygen Ltd. • Bhilai Oxygen Ltd. • Ellenbarrie Industrial Gases Ltd. • Govind Poy Oxygen Ltd.
Plant capacity: Oxygen Gas:667,800 Cu.mtrs per annum Nitrogen Gas:2,480,400 Cu.mtrs per annumPlant & machinery: 306 Lakhs
Working capital: -T.C.I: Cost of Project:643 Lakhs
Return: 26.00%Break even: 62.00%
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Fresh Dips

Fresh DIP is a creamy liquid that is served with food or used to prepare foods. Sauces add flavor and moisture to food and enhance the palatability of food. Few of the major sauces that are consumed in the US are ketchup, soy sauce, mustard sauce, tabasco, and sriracha. Dressings are used for garnishing and adding taste to food, especially salads, burgers, sandwiches, and other snack items. Some of the widely used dressings are mayonnaise, vinaigrettes, Italian dressings, and Russian dressings. Dips are creamy, paste-like dressings that are generally consumed with breads, nachos, French fries, vegetables, and salad. The global sauces market is presumed to register a remarkable CAGR during the forecast period (2017-2023) owing to the incessant demand for flavor enhancers, asserts Market Research Future (MRFR). Sauces are referred to as fluids or semi-solid paste which are generally used as condiments across the food industry. Sauces are used as food additive as it enhances the flavor of food. They are also used as topping or dips and are popular for its rich taste. Sauces are low in saturated fat and sodium which further add to its nutritional value. Entrepreneurs who invest in this project will be successful. Few Indian major players are as under: • Adinath Agro Processed Foods Pvt. Ltd. • Amarkantak Foods Pvt. Ltd. • Capital Foods Ltd. • Cremica Food Inds. Ltd. • G D Foods Mfg. (India) Pvt. Ltd. • Nijjer Agro Foods Ltd. • Sublime Foods Ltd. • Veeba Food Services Pvt. Ltd.
Plant capacity: Fresh Dips 50 gms Size Pkts:1,500,000 Pkts per annum Fresh Dips 20 gms Size Pkts:3,750,000 Pkts per annumPlant & machinery: 30 Lakhs
Working capital: -T.C.I: Cost of Project:213 Lakhs
Return: 30.00%Break even: 59.00%
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Tailoring Chalk (Triangle Pattern)

Tailors' chalk is a square, circular or in the form of a triangular shaped product having a thickness of around 5mm. The product is used by the tailors for marking on clothes, so that the cloth can be cut according to the marked lines. Tailors' chalks are manufactured in white as well as in various colours to be suitable for marking on clothes of various colours. Tailor’s chalk is traditionally a hard chalk used to make temporary markings on cloth or a garment. Most of India’s population was brought up with tailored clothes which restricted the garment industry to small-scale manufacturing of ready-to-stitch clothes. The expansion of the domestic clothing brands and the entry of international fashion brands in the early 90s have increased the demand of the ready-to-wear apparel that has been growing ever since. In the last few years, exports in India’s garment industry have grown rapidly due to an increase in orders from global buyers and willing investors in the sector. The garment industry is an important sector and a major contributor to the Indian economy. Most households depend on this sector directly or indirectly to earn a living. Many global retailers come to India because of the low production costs, low labour costs, and easy availability of fabric. Thus, due to demand it is best to invest in this project.
Plant capacity: 150,000 Kgs per AnnumPlant & machinery: 18 Lakhs
Working capital: -T.C.I: Cost of Project:99 Lakhs
Return: 26.00%Break even: 57.00%
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Electric PCC Poles

Pre-Stressed Cement Concrete Poles (PCC Poles) are highly durable and strong. PCC Poles are fabricated from excellent quality concrete material. These poles are used extensively in electrical industry, for establishing electrical connections and fittings. PCC poles are available in different dimensions and weight depending on the requirement. The poles are eco-friendly and require very low maintenance. The PCC poles have consistent material properties throughout their length. PCC poles are not susceptible to rot and decay. The PCC pole has the same strength throughout its service life. PCC poles are not susceptible to insect and animal attack. The PCC pole market is expected to reach an estimated $52.1 billion by 2024 with a CAGR of 4.1% from 2019 to 2024. The major growth drivers for this market are increasing power generation capacity, growing transmission and distribution infrastructure, and replacement of aging networks. Emerging trends which have a direct impact on the dynamics of the market include wider use of transmission poles and increased usage of composite poles in transmission and distribution. As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian major players are as under: • Arvind Kumar Nand Kumar Ltd. • Ashoka Pre-Con Pvt. Ltd. • Concrete Udyog Ltd. • Genus Power Infrastructures Ltd. • Sainik Finance & Inds. Ltd. • Shivshakti Cement Pipe Inds. Pvt. Ltd. • Sri Gopikrishna Infrastructure Pvt. Ltd. • West Bengal Concrete Inds. Pvt. Ltd.
Plant capacity: Electric Pre-stressed Concrete Cement Poles:24,000 Nos. per annum Plant & machinery: 284 Lakhs
Working capital: -T.C.I: Cost of Project: 487 Lakhs
Return: 1.00%Break even: 64.00%
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Fruits & Vegetables Powder (Tomato, Onion, Mango, Pomegranate and Papaya Powder)

Tomato powder is a powder derived from tomato. It is made by turning fresh tomatoes into a slurry and further spray drying the slurry, creating a fine powder of uniform consistency. It is used to add tomato flavor in various dishes, has increased its application in various food processors. On the basis of application, tomato powder is segmented such as seasoning and savories, soup mixes, snack foods, curries and gravies, baby foods and others. Onion powder is a processed form of dehydrated onion that can add the same flavor as fresh onions in a convenient manner. As a flavoring agent, onion powder is currently being used in a number of food and non-food products like- snacks, sauces, salads, soups, gravies, appetizers, seafood, meats, etc. Mango powder is a fruity spice powder made from dried unripe green mangoes and is used as a citrusy seasoning. It is produced in India, and is used to flavor foods and add the nutritional benefits of mangoes when the fresh fruit is out of season. India is known for its exotic spices since the ancient times. These spices are mostly used for flavoring or tempering cooked food. Pomegranate Powder is made of fresh pomegranate juices extracted by spray dried. In the production process strictly abide by the guidelines ensuring the food safety and quality. It is widely used for pharmaceutical industry, health care products, baby and infant products, snacks, solid beverage, ice-cream, all kinds of milk tea. The papaya fruit is a large berry about 15–45 cm (5.9–17.7 in) long and 10–30 cm (3.9–11.8 in) in diameter. It is ripe when it feels soft (as soft as a ripe avocado or a bit softer) and its skin has attained an amber to orange hue. Papayas are a soft, fleshy fruit that can be used in a wide variety of culinary ways. Here we will explore more on the health benefits, uses, how to incorporate more of them into diet, and what nutritional value papayas have. Entrepreneurs who invest in this project will be successful. Few Indian major players are as under: • Aarkay Food Products Ltd. • Foods & Inns Ltd. • Garlico Industries Ltd. • K I Z Foods Ltd. • Konkan Mango Processing (Ratnagiri) Pvt. Ltd. • Oceanic Foods Ltd. • Parry Phytoremedies Pvt. Ltd. • S Y P Agro Foods Ltd.
Plant capacity: Tomato Powder:90,000 Kgs per Annum Onion Powder:36,000 Kgs per Annum Mango Powder:120,000 Kgs per Annum Pomegranate Powder:45,000 Kgs per Annum Papaya Powder:90,000 Kgs per AnnumPlant & machinery: 69 Lakhs
Working capital: -T.C.I: Cost of Project:417 Lakhs
Return: 27.00%Break even: 57.00%
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Neem Oil and Neem Cake

Neem oil is obtained from the seeds of neem tree. Utilization of neem seeds is to be set with the problem of organization of systematic collection and crushing of seeds. But with the ever increasing exploitation of non edible oils for industrial and pharmaceutical purposes, neem oil is gaining importance economically.Neem oil can be used as soaps,medicinal and insecticide. Neem oil is usually opaque and bitter but it has recently been shown that it can be processed into non bitter edible oil with 50% oleic acid and 15% linoleum acid. Neem oil acts as an insecticide and protects plants and crops against pests. The demand of neem products are increasing day by day. Agriculture sector is now becoming a major consumer of theneem products viz. Neem oil, neem cake and neem based pesticides. The global biopesticide market is anticipated to grow at a staggering CAGR of 13.9% during the forecast period of 2017 to 2025.The biopesticides market is projected to reach USD 6.4 billion by 2023, at a CAGR of 15.99% during the forecast period. As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian major players are as under: • Agro Extracts Ltd. • Hanuman Minor Oils Ltd. • J S P Oils & Fats Ltd. • K G N Agro Internationals Ltd. • Kohinoor Feeds & Fats Ltd. • Morinda Overseas Inds. Ltd. • Pan Asia Global Ltd.
Plant capacity: Neem Oil:225,000 Kgs per Annum Deoil Cake as by product:2,520,000 Kgs per AnnumPlant & machinery: 46 Lakhs
Working capital: -T.C.I: Cost of Project:100 Lakhs
Return: 28.00%Break even: 76.00%
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Kraft Paper from Waste Cartons

Kraft paper, Brown paper or wrapping paper is made from variety of raw materials, e.g. Bagasse, ground wood, straw, waste paper, in various combinations or alone, waste carton boxes etc. 'Kraft' mean strength and that is why its name. It is leading paper for wrapping heavy bundles. After corrugation it is used in many types of packing and it is an important packaging material. Kraft paper is extensively used for wrapping purposes, viz. wrapping paper bags, linters, corrugated sheets, etc. Kraft paper can be utilized for many different purposes. The present demand is estimated at 13.1 million tonnes with domestic production of 11.4 million tonnes, export of 0.5 million tonnes and import of 2.2 million tonnes. The demand is projected to boost to 23.5 million tonnes by 2024- 25. The recycled paper, comparatively cheaper, comprises almost 40% of the total raw material requirements at present. As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian major players are as under: • Achal Paper Inds. Ltd. • Agrashakti Paper Mills Pvt. Ltd. • Aryan Paper Mills Ltd. • Bazargaon Paper & Pulp Mills Pvt. Ltd. • Best Paper Mills Pvt. Ltd. • Dev Priya Papers Pvt. Ltd. • Fiesta Papers Pvt. Ltd.
Plant capacity: 30,000 MT per AnnumPlant & machinery: 1524 Lakhs
Working capital: -T.C.I: Cost of Project:2496 Lakhs
Return: 28.00%Break even: 59.00%
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Activated Charcoal from Wood

Activated charcoal of three grades namely powder, granular and pelletized finds hundreds of different applications. By chemical activation, predominantly powder activated charcoals are made and these qualities are mostly used for wastewater treatment. Granular products and pellets used for gas purification are predominantly made by gas steam activation. To cite some examples from the numerous applications: decolorization of sugar and sweeteners, drinking water treatment, gold recovery, production of pharmaceuticals and fine chemicals, catalytic process, off gas treatment of waste incinerators, automotive vapor filters, color/odor correction in wines and fruit juices. Wood activated charcoal market has been segregated based on product, application, end-user and region. The product segment comprises powdered and granular wood activated charcoal. Among these, powdered form will hold over two-thirds of the entire wood activated charcoal industry in 2024. As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian major players are as under: • Active Char Products Pvt. Ltd. • Acuro Organics Ltd. • Birla Carbon India Pvt. Ltd. • Core Carbons Pvt. Ltd. • Kalpaka Chemicals Pvt. Ltd. • Kan Carbon Pvt. Ltd. • Phillips Carbon Black Ltd.
Plant capacity: 1,200 MT per AnnumPlant & machinery: 216 Lakhs
Working capital: -T.C.I: Cost of Project:498 Lakhs
Return: 27.00%Break even: 56.00%
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Information
  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.

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