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Best Business Opportunities in Turkey, Middle East- Identification and Selection of right Project, Thrust areas for Investment, Industry Startup and Entrepreneurship Projects

Why should start a Business in Turkey?

Turkey is Europe's sixth-largest economy in terms of economic growth, and its investment and business sectors are rapidly developing. Turkey attracts foreign investments because of its talented labour, low beginning costs, and strategic location. You can invest in construction, automobiles and metals, information technology, the environment, energy, agriculture, textiles, finance, and tourism, to name a few.

It is vital to identify the places in which to invest before starting a business in Turkey. The four best provinces to establish a business in are as follows: Textiles, cement, paper, chemical products, processed food, and a variety of other items can be purchased. The Marmara Region produces 70% of Turkey's sunflowers and 30% of its grain, oil, and wine.

The Marmara Region is one of Turkey's most desirable places to start a business because of its strengths in manufacturing, international trade, and tourism. Turkey received $3.93 billion in foreign direct investment last year, with the service sector receiving around 3.2 million dollars. As a result of many foreigners deciding to do business in Turkey, there has been an increase in direct foreign investment. The most foreign direct investment is attracted by most industries, such as banking, manufacturing, and energy.

 

What are the Natural Resources in Turkey?

Turkey's natural resources include iron ore, copper, coal, chromium, antimony, mercury, gold, celestite (strontium), emery, barite, borate feldspar, pyrites, clay, limestone, magnesite, marble, perlite, and pumice. The country plays an important role in the transportation of crude oil and natural gas. Minerals and pumice from around the world It produced chromite, feldspar, barite, bentonite, kaolin, magnesite, and perlite in the same year. Turkey's gold reserves are estimated to be over 23 million ounces. There are four active gold mines in the area right now, with four more in the planning phases. According to current reports, Eldorado Gold Corp's Usak - Kisladag mine is the country's largest gold producer, with a 12 million ounce reserve.

  • Natural gas is a form of fuel that is utilised in a variety of applications. Turkey consumes a lot of natural gas, the majority of which is imported. However, it has the potential to boost domestic output, particularly through shale gas. Turkey produced 48.6 billion cubic metres of natural gas in 2014, up from 0.5 billion cubic metres the previous year.
  • Turkey produces more coal than oil and gas, with the majority of it going to power plants. Turkey really produced approximately 1.5 million tonnes of hard coal, accounting for roughly 40% of the country's entire energy output.
  • Turkey's iron ore resources are estimated to be 83 million tonnes and are dispersed over the country, with the most of it concentrated in Anatolia, Erzincan, Malatya, and Sivas. Production levels have stayed essentially consistent over time due to a lack of reserves. The Avnik mine, 452 miles east of Ankara in Bingol Province, contains one of Turkey's largest iron ore reserves. There are 44 million tonnes of iron metal in the reserve, and 105 million tonnes of ore grading 42 percent iron are projected to be available.
  • In some locations of Turkey, gold is mined on a small basis. Turkey was a notable gold producer in 2012, with a total of 29.5 tonnes of gold mined around the country. The Kşlada mine, located in Uşak Province and owned and operated by the Canadian Eldorado Gold Company, is the country's largest gold mine. The öpler mine is also one of Turkey's and the world's largest gold mines.

 

What are the Business Opportunities in Turkey?

Turkey's strategic location between Europe and the Middle East makes it a vital commercial and business hub for both Europe and the Middle East. As a result, you have a good possibility of developing and expanding your business idea in Turkey.

1. You will locate hardworking youth labour for your company ideas in Turkey. When it comes to starting a business, this is a major advantage for young companies. Turkey is a natural stone warehouse and one of the top exporters in the world. In addition, the country ranks fourth in the world for marble production. As a result, natural stone mining is a lucrative and promising business venture for you. Marble, limestone, basalt, tuff, granite, travertine, onyx, and slate are among natural stones that can be mined.

2. Turkey's automobile industry is vast and growing. As a result, selling automobile components could be a profitable company for you. Create a facility that will manufacture a wide range of vehicle spare parts.

3. Turkey's textile industry is booming and garnering international acclaim. As a result, you might want to explore beginning a clothing export company. You can start your own label and sell your products both domestically and abroad if you know how to design clothes and have a good sense of style.

4. It requires little money to get started, making it simple to get started. You can sell Turkish delicacies as well as popular fast food favourites like burgers and French fries. Keep in mind that the food should be of the highest quality and be as fresh as possible. Packaged food delivery is a very profitable company in Turkey because of the large number of individuals that go to work.

5. As a result, both local and tourist customers will flock to your restaurant. Serve authentic cuisine and make an investment in your restaurant's environment and serving ware. Keep in mind that your restaurant's cleanliness and the quality of your personnel are crucial.

 

Business-Friendly Policies and Government Initiatives;

Turkey is one of those countries where launching a business is quite straightforward. If you still have doubts, there are a slew of legislation that make life easier for entrepreneurs, as well as a slew of organisations and other services that aid in the success of new firms. In recent years, the Turkish government has taken a number of steps to improve the business climate and make it easier for entrepreneurs to start and run businesses. Furthermore, initiatives such as Make in Turkey have been launched by the Turkish government to encourage foreign investors to set up manufacturing plants in Turkey. In addition, the country is pursuing a bold goal to seek $100 billion in foreign investment by 2023.

These government-sponsored initiatives have a direct impact on your country's ability to start and run a business. Whether it's building permits or tax incentives, you'll need to know what these regulations are and how they effect your industry. The Turkish government has worked hard to improve business-friendly legislation and programmes, making it easier for entrepreneurs to launch new businesses. For foreigners, starting a business in Turkey has never been easier. Many businesses, especially digital businesses such as e-commerce stores and web development firms, qualify for special tax status (reduced taxes). TEPAV, for example, is a marketing and market research assistance programme for enterprises.

 

Turkey Industrial Infrastructure;

Turkey's industrial growth has been rapid, and the country is on its way to becoming one of Europe's major manufacturing centres. The Turkish economy is relatively varied, with practically every industry sector represented. Among the most important industrial sectors are textiles and apparel, food processing, automotive parts, mining, construction materials (e.g., cement), chemicals and petrochemicals (including plastics), metallurgy and metal products (including automobiles), electronics and electrical equipment, home appliances, and furniture. Turkey's infrastructure is well-developed, with modern conveniences. Businesses may easily import and export goods thanks to the country's excellent transportation and communication infrastructure. There are also incentives for new investment in industrial districts, as well as asset protection for existing assets, to keep investors safe.

Another benefit of investing in Turkey is that your foreign company can act as an exporter or importer from/to countries with which Turkey has free trade agreements (FTAs). Turkey's urban and industrial infrastructure includes modern ports, airports, highways, trains, telecommunications networks, schools, and hospitals. The country is densely inhabited, with a population of more than 70 million people. It is one of the most tempting marketplaces for exporters all over the world as a result of these qualities.

 

What are the steps for Starting a Business in Turkey?

To begin, you must first register your business name and legal structure with the EAD (Trade Register Office) or MERSS (Merchant Register Service) (Registry), after which you can apply for an official registration certificate from the EAD. After you've completed these processes, you'll be awarded a trade number for your new business. You can immediately start selling your products and services. There are two types of income taxes: corporate and individual income taxes. Individuals pay personal income tax on their earnings, while corporations pay corporate tax on their profits. Both types of taxes must be paid when starting a business in Turkey.

On their earnings, individuals pay personal income tax. Both types of taxes must be paid when starting a business in Turkey. Taxes in Turkey are calculated based on a number of parameters, including sales volume, profit margin, and so on. As a general rule, if you earn more than 1 million Turkish Liras ($230K) each year, you should hire an accountant and adhere to all government tax regulations.

 

Market Size of Turkey

Since 1951, Turkey's population has increased at a rate of 1.33 percent each year (6.98 million people, according to UN World Population Prospects), and is anticipated to reach 79.5 million by 2050, a 2.4-fold increase from 2000 levels. The country's working-age population, defined as those aged 15 to 64, will grow by more than 5 million people, or 18 percent, between 2010 and 2050. Turkey will have a workforce of about 25 million people by 2020. In addition, life expectancy has climbed steadily in recent decades, reaching 70.8 years for men and 75.7 years for women in 2009.

This trend is expected to continue in the next decades, resulting in increased demand for products and services such as health care, transportation, and leisure activities, among others. With a gross domestic product (GDP) of $947 billion and an annual growth rate of 4.5 percent from 2012 to 2013, Turkey's economy is among the world's top 20. The population is youthful, with more than half of the population under 30 years old, and it is growing: total fertility fell from 5.2 children per woman in 1950–55 to 2.1 children per woman in 2000–05, but it maintains one of the highest fertility rates among OECD countries. With a population of over 75 million people, Turkey is one of Europe's most populous countries.

With 11.4 million square kilometres, it is also one of Europe's largest countries, providing plenty of potential customers for your company! There are a variety of tourist sites in the country, including modern towns and beautiful beaches, as well as historical ruins and natural wonders. For entrepreneurs looking for inspiration, these company ideas for Turkey that have already proven their worth are the best place to start.

 

Industrial Growth

TÜBTAK, Koç Holding, and Sabanc Holding are just a few of the multinational companies that have helped Turkey become a worldwide commercial hub. Turkey is one of the world's fastest-growing economies, according to emsi Bayraktar, President of the Istanbul Chamber of Commerce, with plenty of chances for entrepreneurs. It has a young, well-educated populace and various business potential. It will be easier for you to work with people from different nations if you can converse in numerous languages (both Turkish and English are official). If you're considering starting your own business, keep in mind that we can only build our economy if we have solid, long-term growth. This goal can be achieved by increasing industry.

Turkish entrepreneurs might pursue industrial expansion by forging strategic agreements with other companies using vertical integration as a strategy. At times, it appears that everyone wants a piece of Turkey's growing industrial sector. The government has aided by loosening laws and enacting new legislation, but there are other advantages for those who wish to benefit from Turkey's industrialisation. In order to start a business, you will need financial support. Whether you're starting a new business or taking over an existing one, industrial expansion is essential. Turkey's industrial sector accounts for the majority of the country's economic prosperity. Because of its proximity to Europe and well-developed infrastructure, it has grown into an industrial hub.

 

Scope of Chemical Industry in Turkey

Turkey's chemical industry is rapidly growing, and as Europe's primary chemical export and import partner, Turkey is a vital industrial hub for foreign investment. Chemicals are necessary for modern living and the growth of the chemical industry. The Turkish economy relies heavily on the chemical industry. According to TÜK figures published on January 24, 2001, chemicals account for 7.7% of total exports, with finished items accounting for 15.2 percent and raw materials accounting for 3.8 percent. 4. Chemicals are not one of Turkey's top five export categories, but their value as an export sector is continuously growing. In terms of export value, chemicals were ranked ninth in 2013.

In the 2012-2013 (July-June) fiscal year, chemicals accounted for 2.6 percent of total imports and 2.4 percent of total exports, helping to increase the standard of living, which is a measure of a country's level of industrialization. Pharmaceuticals, synthetic soaps, and detergents are just a few of the businesses that benefit greatly from chemical industry products. Pharmaceuticals, synthetic soaps, and detergents are examples of sectors that require a lot of money, low profits, and foreign investment. Profited from the new economic policies, with large increases in both output and exports.

Turkey's chemical industry is currently a vital component of the industry, with sophisticated technology and a wide range of goods, and it is linked into the supply chain of national industries. Turkey, in particular, has a long history of producing chemicals, including a wide spectrum of basic and intermediate chemicals, as well as petrochemicals. Turkey manufactures petrochemicals, inorganic and organic chemicals, fertilisers, paints, pharmaceuticals, soaps and detergents, synthetic fibres, essential oils, and a variety of other chemicals. The exports of Turkey's chemical industry have also increased. Chemical exports climbed by 7% between 2007 and 2020, reaching a total value of US$8.9 million.

As one of the top five countries supplying chrome ore to global markets, Turkey produces and exports some of the most important chrome compounds and derivatives, such as sodium basic chrome sulphate, chromic acid, and chrome oxide. Because to the size of its reserves, mineral quality, and proximity to consumer markets, Turkey has a competitive advantage in boron compounds (borax dehydrate, borax pentahydrate, boric acid, and sodium perborate).

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Profitable Growing Industry of Medical Disposables (Gowns/Drapes)

Doctors and nurses in the operating room use surgical gowns to prevent the transmission of germs and body fluids from the operating staff to the patient, as well as from the patient to the operating staff. Surgical gowns must meet a variety of well-documented performance requirements. Surgical gowns must be disease and infection resistant while also allowing for sufficient mobility. They must allow for adequate mobility while also preventing rubbing, chafing, ripping, and linting. They should fit snugly but not tightly. Because there is generally excess fabric, the gowns must withstand constant pulls on the fabric during normal motions. A surgical drape is a disposable, non-woven covering that is used to cover a patient's region. The surgeon can perform the surgery through a fenestration (an opening) in the drape. Depending on the type of operation, it comes in a variety of sizes. The drapes in each hospital are different. A 15-square-inch drape with a 3-square-inch fenestration could sufficient for an eye operation, but open heart surgery necessitates the largest drape possible, a laparotomy drape that covers the entire body. Surgical drapes keep the operating area clean and free of bacteria. The adhesive tape must attach securely to both the drape material and the patient's skin in order to accomplish this; its performance cannot be affected by the sterilisation procedure or compromised by pre-operative cleaning chemicals. For Surgical Procedures, Gowns and Drapes The market is predicted to grow at a CAGR of 4.42 percent from 2021 to 2028, from USD 2.28 billion in 2020 to USD 3.23 billion in 2028. The Surgical Drapes and Gowns market is being driven by an increase in surgical operations due to sports injuries, accidents, and heart surgeries due to a greater frequency of cardiovascular disorders and other chronic ailments where surgery is indicated as needed. Surgical gowns and drapes are also in high demand due to increased demand for patient and healthcare worker protection, as well as an increase in the prevalence of surgical site infections. Few Indian Major Players 1. PrimewearHygine (India) Product Ltd. 2. RaajMedisafe India Ltd. 3. Surgeine Healthcare (India) Pvt. Ltd. 4. VikramNuvotech India Pvt. Ltd.
Plant capacity: Medical Gowns 1,250 Pcs Per Day Medical Drapes 1,250 Pcs Per DayPlant & machinery: Rs. 286 Lakhs
Working capital: -T.C.I: Cost of Project: Rs. 611 Lakhs
Return: 26.00%Break even: 53.00%
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Automated Vehicle Scrapping and Recycling Unit

Vehicle recycling is the deconstruction of cars for spare parts. When vehicles reach the end of their useful lives, they have value as a source of replacement components, which has given rise to the car dismantling industry. Wrecking yards, auto dismantling yards, automotive spare parts suppliers, and, more recently, auto or vehicle recycling are all phrases that have been used to characterise the industry's business outlets. Vehicle recycling has long been a component of the process, but manufacturers have become increasingly active in recent years. A car crusher is commonly used to reduce the size of a junk car so that it can be transferred to a steel mill. The "Voluntary Car-Fleet Modernization Program," also known as India's vehicle scrapping programme, intends to usher in a new era of what it means to own and use a car in India. Nitin Gadkari, the Minister of Road Transport and Highways, introduced it in Parliament in March. The programme demands that all automobiles above a certain age be taken off the road in order to achieve higher pollution control and safety, which new vehicles provide. A commercial vehicle over 15 years old or a personal vehicle over 20 years old that fails an automatic fitness test, regardless of whether it runs on diesel or gasoline, is earmarked for scrapping. As a result, automobile recycling is essential. It's also crucial to handle them properly to avoid hazardous waste from being released into the environment. Such vehicles must be disposed of by professionals who are familiar with hazardous chemicals such as fuel, coolants, and brake fluids. Environmental Benefits: Steel is one of the most significant materials in the automobile's construction; it's utilised to make the bulk of the components, including the framework. Because iron ores are required for the production of steel, recycling automobiles contributes to the preservation of iron ores. All waste generated as a by-product of steel processing is avoided as well, guaranteeing that air pollution is not increased. Wildlife Preservation: It's also worth mentioning that proper car recycling can help preserve local flora and fauna. Steel mining is bad for the environment because it produces soil erosion and degradation, which means animals can't keep up with their normal habits and may become unwell as a result. Land erosion causes sediment flow into bodies of water, which has an impact on water quality and wildlife proliferation.
Plant capacity: 1000 Vehicles per MonthPlant & machinery: Rs. 497 Lakhs
Working capital: -T.C.I: Cost of Project: Rs. 2090 Lakhs
Return: 29.00%Break even: 40.00%
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Production Business of Ethanol from Maize

Ethanol is frequently manufactured via fermentation from biological feedstocks. Throughout these processes, monosaccharides are fermented to ethanol by yeast or bacteria. Carbohydrate-containing feedstocks that create monosaccharides for fermentation include corn grain, sugarcane, wheat, sugar beet, and other biomass. Ethanol, usually referred to as ethyl alcohol, drinking alcohol, or grain alcohol, is a colourless, flammable, and mildly toxic chemical compound present in alcoholic beverages. In ordinary speech, it is frequently referred to as "alcohol." Its chemical formula, as well as its empiric name, include EtOH, CH3CH2OH, and C2H5OH. Since prehistoric times, carbohydrates have been fermented to make ethanol. This method still produces all of the ethanol for drinking and more than half of the ethanol used in industry. Simple sugars are the raw material. Simple carbohydrates are converted to ethanol and carbon dioxide by the yeast enzyme zymase. Alcoholic liquids such as beer, wine, and spirits contain ethanol when diluted. It is used as a topical ingredient in pharmaceutical preparations (such as rubbing compounds, lotions, tonics, and colognes), cosmetics, and perfumes to prevent skin infections. Ethanol is used in fuels labelled as ethanol blended fuels as an industrial solvent for fats, oils, waxes, resins, and hydrocarbons. It is used to make a variety of chemical compounds, lacquers, plastics and plasticizers, rubber and rubber accelerators, aerosols, mouthwash products, soaps and cleaning preparations, polishes, surface coatings, dyes, inks, adhesives, preservatives, pesticides, explosives, petrol additives/substitutes, elastomers, antifreeze, yeast growth medium, human and veterinary medicines, and dehydrating agents. One of the most promising ethanol crops is maize. It generates maize grain, which is then converted to ethanol. Maize ethanol holds potential not only in terms of converting the grain to ethanol, but also in terms of applying cellulose conversion technology on the pericarp that covers the grain. Pretreatment and hydrolysis of cellulose allow cellulose conversion to be extended to other parts of the maize plant, such as corn Stover (cobs, stalks, and leaves). Significant increases in ethanol yield per acre of corn produced can be achieved if biomass from maize residue is utilised for ethanol production. To solve this difficulty, a quantitative analysis of mass balance was carried out. Corn cobs, stalks, and leaves can be converted to fermentable sugars using cellulose processing technology, which comprises pretreatment, hydrolysis, and fermentation with yeast or other microbes. Unlike grain-based feedstocks, cellulose-based ethanol requires microorganisms capable of producing ethanol from both glucose and xylose. Corn grain has a lot of starch, which following pretreatment (heating in water) and hydrolysis quickly breaks down into monosaccharides. Cecanis, a distinct form of glucanis, can also be found in the cob, stem, and leaves. The India ethanol market is predicted to grow from $ 2.50 billion in 2018 to $ 7.38 billion by 2024, with a CAGR of 14.50 percent from 2019 to 2024, owing to growing ethanol usage in sectors such as fuel additives and drinks. Ethanol is a common alcoholic beverage that comes in many different forms, including beer, cider, wine, spirits, and ale. The Indian government is pushing sugar producers in India to generate ethanol for Oil Marketing Companies in an attempt to reduce the country's reliance on imported crude oil (OMCs). Ethanol production will likely increase three to fivefold in the future to meet demand for its 20% Fuel Blending Program (FBP). Factors like as rising alcohol use, changing lifestyles, and the growing influence of western culture are projected to drive ethanol demand in the country. Few Indian Major Players 1. A K C Developers Ltd 2. Bharat Renewable Energy Ltd. 3. Costal Energy Ltd. 4. First Energy Pvt. Ltd. 5. K B K Chem-Engineering Pvt. Ltd. 6. P S A Nitrogen Ltd. 7. Rattan Industries Ltd.
Plant capacity: Ethanol 60 KLtrs per day Plant & machinery: Rs. 49 Cr.
Working capital: -T.C.I: Cost of Project: Rs. 80 Cr.
Return: 24.00%Break even: 48.00%
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Soap Manufacturing Business | Startup Plan on Liquid Hand Soap, Foam & Bath Soap

Liquid hand soap and foam soap differ from traditional bar soaps in that they usually come as a liquid or a creamy solution. They typically contain a combination of plant-based and synthetic detergents that come together to effectively remove dirt and germs. These can be either antibacterial or non-antibacterial. Manufacturers also use their own proprietary formulas to produce effective foaming agents. Bath soap is made using similar ingredients as those found in liquid hand soaps and foam soaps. Like them, it is non-irritating, pH balanced and leaves behind a pleasant fragrance after use. Start a Business in Surfactants Industry, Click Here Uses Body soap is an alkaline cleanser used for cleaning. Most soaps are made from oils or fats; these ingredients react with an alkali to form a salt and water when mixed together in a solution. Additional oils or fats can be added to alter its characteristics and final appearance. This type of soap is a common ingredient in liquid hand soap, foam and bath soap. Watch Video: Soap Manufacturing Business Plan | Liquid Hand Soap, Foam & Bath Soap It is helpful in protecting your skin from diseases like eczema, fungal infections and dry skin. It has antibacterial properties that protect you from infections which can be caused by harmful bacteria. They cleanses hands and other body parts thoroughly. It is used in residential as well as commercial places for hand wash and bathing purposes respectively. Since these products are made from mild and natural ingredients; they don’t react with chemicals present in water hence it does not harm our skin or affect its pH levels. Also, liquid soap is more hygienic than bar soaps because we can easily control how much soap to use on our hands or when we bathe. All these points make them indispensable for households and offices alike. They come in various sizes, shapes and fragrances, being available at a range of prices too. Related Project Report: Production of Liquid Hand Soap, Foam & Bath Soap Manufacturing Process Start with saponification of oils or fats. The glycerol obtained in soap making is used as a non-food product in products such as detergents and cosmetics. Animal fat sources such as lard and tallow are processed by rendering to obtain glycerol for use in a wide variety of consumer and industrial products. Fats from plant sources, including coconut oil and palm oil are processed similarly for use in many different consumer applications including soaps and biodiesel. Glycerol from all these sources is typically derived using one of three processes: wet chemical (lye) method, dry method, or alcohol method. Read our Books Here: Soaps, Detergents, Acid Slurry, Cleaners, Toiletries, Washing Powder, Cake (Bar), Laundry Care, Fabric Wash, Household Detergent, Industrial Detergents, Synthetic Detergent, Toilet Soap, Liquid Soap, Depilatories, Surfactants, Disinfectants Manufacturing Wet chemical process utilizes potassium hydroxide as an alkali agent for saponification, whereas dry process uses sodium hydroxide to make fatty acids into soaps. In alcohol processing, vegetable oils are mixed with methanol and subjected to ultrasonic energy until all molecules split into their constituent parts: glycerol and fatty acids. Some soaps are made by reacting sulfuric acid with rendered animal fat. Watch other Informative Videos: Soap, Detergents, Surfactants, Cleaners, Cleaning Powder, Laundry Care, fabric care and wash, Household and Industrial Detergents These reactions yield glycerols, which can be converted into a number of useful derivatives; soap has been traditionally used both personally and commercially as an emulsifying agent that assists in removing dirt and grease from skin or hair when combined with water. Saponified olive oil differs markedly from castile soap. Castile soap is almost pure sodium oleate (and has relatively little natural glycerin left); it was originally made by boiling beef or mutton fat with a strongly alkaline solution derived from hardwood ashes. Related Feasibility Study Reports: Soap, Detergents, Surfactants, Cleaners, Cleaning Powder, Laundry Care, fabric care and wash, Household and Industrial Detergents, Washing and Toilet, Liquid Soaps, Liquid Detergents, Acid Slurry Saponified olive oil contains significant amounts of stearic acid and oleic acid. By contrast, most commercial liquid hand soaps contain synthetic detergents like alkylbenzenesulfonates, linear alkylbenzenesulfonates and alcohol ethoxylates—all complex mixtures which vary depending on manufacturer. Most household cleaning products are made with similar ingredients—alkyl sulfate, linear alkylbenzenesulfonates or other petrochemical compounds, denatured alcohols and perfume oils. Start a Business in India Market Outlook: Global Liquid Hand Soap Market size is estimated to grow at over 12.0 % CAGR between 2020 and 2027. Increasing consumer awareness towards safety and hygiene as bacteria’s and germs are the major cause of spread of diseases will drive the product demand. In addition, growing consumer spending on personal hygiene is expected to promote the products. Start a Business in Potential Countries for Doing Business Rising spread of various disease among human, especially after the outbreak of covid-19 all over the worldwide led to increase in the demand for liquid hand soaps in numerous sectors includes hospitals, malls, offices, restaurants, and many others. Additionally, the government recommendation to prevent the spread of coronavirus such as issued recommendation for maintaining hand hygiene, which includes frequent handwashing, also support the rising demand for liquid hand soaps in the global market. Also, the bath soap market is further expected to grow at a CAGR of 5% between 2021 and 2026 to reach a value of almost USD 27.5 billion. Best Industry for Doing Business The Asia Pacific is the largest regional market, accounting for almost 40% of the industry. The industry in the Asia Pacific is being aided by the large population of the region. Asia accounts for almost 60% of the global population, with China and India being the most populous countries. The growing population in India is expected to drive the growth of the bath soap industry. The industry in the region is also being aided by the increasing penetration of the industry and the growing adoption of soap. Its large retail industry is also projected to propel the industry further. The country is the fourth largest retail market, globally and the third largest in Asia. See More Links: Looking for Most Demandable Business Ideas for Startups Business Ideas with Low, Medium & High Investment Start a Business in Africa Start a Business in Middle East Start a Business in Asia Related Videos Related Books Related Projects Related Market Research Reports
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: 1
Return: 1.00%Break even: N/A
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Demanding Business of E-Rickshaw Assembling

E Rickshaws are three-wheeled battery-operated vehicles that are considered an upgrade to traditional rickshaws and are more cost-effective than auto rickshaws and other fuel variants. These rickshaws have zero emissions and are frequently argued to be much better than other rickshaws because they are almost pollution-free. E rickshaws are becoming increasingly popular among rickshaw drivers, and they have opened up new prospects for people because they require little investment to earn a living. They provide significant returns in a short period of time, are simple to operate, and have low maintenance and operating costs. Because of its low maintenance costs, low fuel costs, environmental friendliness, lack of noise pollution, ease of operation, and last but not least, livelihood, e-rickshaws have become one of the most popular modes of transportation on city streets. The earnings for an e-rickshaw driver are pretty substantial without putting in much physical effort or investing much money, and it is thus a vital means of income for many. These e-rickshaws have three wheels and a differential system at the back. The chassis of these vehicles is made of mild steel tubing. E-Rickshaw Benefits • Environmentally friendly — because they are battery-powered, e-rickshaws may be the ideal alternative to petrol or diesel-powered cars. Because these rickshaws do not release smoke, they will not contribute to rising air pollution levels. The batteries that will be utilised to power these rickshaws may be effectively recycled, so resolving the issue of battery disposal. • Economical – E-rickshaws are relatively inexpensive and can be readily afforded by the average person. Passengers will be charged a lower transportation fee. It is cost-effective not only for customers, but also for business owners. The batteries can be readily recharged at home or anywhere else that has a suitable voltage. • No Noise Pollution — E-rickshaws do not generate any sound, thus they do not contribute to noise pollution. Passengers can enjoy a pleasant and relaxing trip. • Income — E-rickshaws provide a source of income for both literate and illiterate persons. E-rickshaw drivers may make a solid living without spending a lot of money. • Safety — when compared to other fuel-powered vehicles, e-rickshaws pose a lower danger. Because they are slower and lighter than an auto rickshaw, they are less likely to cause an accident. In the event of fuel-operated vehicles, there is a risk of explosion. • Low Maintenance - Because the engines are powered by electricity, they do not require any fuel. Because e-rickshaws do not have an engine or a transmission, they require less maintenance. In these rickshaws, the motor is smaller, and the battery is located below it. As a result, maintaining them is much easier. During the forecast period, the worldwide e-Rickshaw market is expected to grow at a CAGR of roughly 9%. The market's growth can be attributable to cheap transportation costs and low power consumption. E-rickshaws are widely acknowledged as a viable alternative to diesel, gasoline, and compressed natural gas auto rickshaws. Increasing public awareness of air pollution and other environmental issues that can be mitigated through the use of e-rickshaws. The controller, motor, batteries, harness, and throttle are the primary electronic components that make up the drive of an e-rickshaw. Any mismatch between these components is unpleasant and can lower performance. During this time, the worldwide e-Rickshaw market is expected to grow at a CAGR of roughly 9%. The market's growth can be attributable to the cheap cost of transportation, which is attributed to more mileage and lower power usage. The e-rickshaw market is expected to be driven by an increase in sales and production of electric cars as an alternative to fuel-based mobility, owing to many government efforts and environmental laws on the electric vehicle industry.
Plant capacity: E-Rickshaw: 200 Nos per dayPlant & machinery: 2.06 Cr.
Working capital: -T.C.I: Cost of Project: Rs. 25.80 Cr.
Return: 30.00%Break even: 68.00%
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Lithium Ion Battery (Battery Assembly) Most Profitable Industry to Launch Start-ups

It’s not hard to see why lithium ion batteries are so popular. They’re lightweight, long-lasting, and they have excellent discharge characteristics. But assembling these batteries isn’t as simple as it may seem, and this process requires plenty of precautions to ensure a safe assembly. If you’re looking to get started in the battery assembly business, these guides can help you with everything from product design to production controls. Visit this Page for More Information: Start a Business in Lithium-Ion Battery Production There are different kinds of lithium ion batteries, and they vary in many ways from one another. Lithium ion batteries are also made in different shapes and sizes, which also help to differentiate them from one another. Aside from their shape and size, lithium ion batteries differ in voltage and amperage (they can be either 3 volt or 4 volt, 1 amp or 2 amp). Related Business Plan: Start Assembling of Lithium Ion Battery (battery Assembly) Lithium Ion Battery Assembling Process Usually, all electrodes except cathode is assembled first, then powder coating process is followed by assembly of cathode and anode. Cathode sheet and anode sheet will be punched and stacked into pouch which will be folded with separator into cell. During Lithium Ion battery assembling process, first of all positive electrode (anode) is stacked on negative electrode (cathode), then pressed several times until electrode materials are firmly contact with each other. Watch Video: And then electrolyte solution (mixture of polyelectrolytes in organic solvent) is applied to all over electrodes, it's done for two reasons: 1. It prevents oxidation of metal particles at surface of anode; 2. Conductivity improvement through applying electrolyte between electrodes' surface and separator wall make it possible for current flow between them. After that, Heat sealing is used to weld (heat-weld) both ends of cathode cavity on aluminum foil at bottom of Lithium Ion battery pack to seal out atmosphere from inside. Related Feasibility Study Reports: Battery Projects, Automobile Batteries, Lead Acid Battery, Lithium Battery, Lithium-Ion (Li-Ion) Battery, Maintenance Free Rechargeable Battery, Battery Recycling, Battery Plate, Battery Separator Because exposure to air or water may affect capacity of battery when being used later. Positive electrode plate, negative electrode plate, separator and plastic backing plate form a sealed cavity without any contact with outside atmosphere which can maintain sufficient voltage when installed later. After batteries are heat sealed, if needed, electrical test devices can be connected to electric terminals. Then pressurized gas charging starts. Read our Books Here: Books and Database Pressure must reach twice as much as pressure during normal working process while charging time must not exceed 30 hours or cycle life of battery will decrease rapidly. Charging pressure depends on kind of materials used in electrode products but there’s no explicit regulation about it in official standards so that manufacturers tend to use lower than its standard pressure when making Lithium Ion batteries. Read Similar Articles: Battery Projects Benefits: The primary benefit of lithium ion batteries is that they don’t produce gases when they discharge, so they can be safely used in electronic devices. Lithium ions are lighter than other metals and liquids commonly used in batteries and offer a much higher capacity per unit volume. Because they have no liquid inside, they can charge quickly—in just 10 minutes or less! They also last longer than conventional rechargeable battery. Watch other Informative Videos: Battery Industry Market Outlook: A lithium-ion (Li-ion) battery is a rechargeable battery that uses lithium ions as one of its electrochemical components. Due to their expanding use in consumer devices, particularly mobile phones and tablets, the lithium ion battery industry has witnessed a major growth in demand in recent years. These batteries are also utilized in electric vehicles like hybrid cars and battery packs. As the need for energy storage grows, these batteries are being used more frequently in grid storage applications. The global lithium-ion battery market is expected to reach $129.3 billion by 2027, with a compound annual growth rate (CAGR) of 18.0% from 2020 to 2027. Higher energy efficiency requirements in technologically advanced consumer electronics are likely to give key companies with a growing lithium-ion battery market potential. See More Links: Start a Business in Asia Start a Business in Potential Countries for Doing Business Best Industry for Doing Business Business Ideas with Low, Medium & High Investment Looking for Most Demandable Business Ideas for Startups Start a Business in Africa Start a Business in India Start a Business in Middle East Related Videos Related Books Related Projects Related Market Research Reports
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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A Comprehensive Business Plan on Lithium Ion Battery (LiFePO4) Production

A lithium iron phosphate (LFP) battery is a form of lithium-ion battery that, when compared to other types of batteries, can charge and discharge at rapid speeds. It's a rechargeable battery whose cathode material is LiFePO4; hence the name. Lithium ferrophosphate (LFP) batteries are a type of lithium iron phosphate (LFP) battery. The main difference between lithium iron phosphate batteries and other lithium-ion batteries is that LFP can deliver a steady voltage and has a larger charge cycle, ranging from 2000 to 3000 cycles. LFP batteries are safe for the environment and architecturally sound. They have a low discharge rate and a low energy density. They don't get hot easily and stay cold compared to other batteries. The battery's composition protects it from thermal runaway, so it's regarded safe for residential usage. In the event of mismanagement during charge or discharge, lithium phosphate cells are incombustible; they are more stable under overcharge or short circuit situations, and they can sustain high temperatures without degrading. The phosphate-based cathode material will not burn and will not cause thermal runaway if abused. The chemistry of phosphorus also has a longer cycle life. Uses • Buses, electric automobiles, tour buses, hybrid vehicles, and other attractions are examples of large electric vehicles. • Electric cycles, golf carts, compact cars, forklifts, electric vehicle cleaning wheelchairs, and other light electric vehicles • Lawn movers, electric saws, and electric drills are all examples of power tools. • Remote-control toys, such as vehicles, boats, and planes • Solar and wind energy storage systems. • Emergency lights, warning lights, UPS, miner's lamp, etc. • Medical equipment and devices that are small and portable. The lithium ion battery market is estimated to increase at a CAGR of 12.6 percent from 2020 to 2027, reaching USD 3,203.01 million by 2027. The market is expanding due to the growing demand for lithium ion batteries in medical devices. Lithium ions flow from the negative electrode to the positive electrode through the electrolyte during charging and backwards during discharging in a lithium ion battery. These rechargeable batteries are widely utilised in consumer electronics and autos. Cathode, anode, separator, and electrolyte are the four components. Anode aids in the storage and release of lithium ions from the cathode, allowing current to flow through an external circuit. The lithium iron phosphate batteries market is expected to grow at a CAGR of 5.0 percent from an estimated USD 8.3 billion in 2019 to USD 10.6 billion by 2024. The increased focus on electric and hybrid electric vehicles, as well as rising demand for energy storage applications, are responsible for this expansion.
Plant capacity: Lithium Ion (LiFePO4) Battery Back of Power 4.8 KWH (No. of Cells 800) for Three Wheeler: 26 Nos. Per Day Lithium Ion (LiFePO4) Battery Back of Power 18 KWH (No. of Cells 3000) for Four Wheeler: 24 Nos. Per DayPlant & machinery: 3 Cr.
Working capital: -T.C.I: Cost of Project: 10.28 Cr
Return: 32.00%Break even: 57.00%
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Setting up an E-Waste Recycling Plant

Electronic wastes, often known as "e-waste," "e-scrap," or "Waste Electrical and Electronic Equipment," or "WEEE," are surplus, obsolete, defective, or abandoned electrical or electronic devices. Electronic "waste" is defined as any component that is dumped, disposed of, or discarded rather than repurposed, and includes leftovers from reuse and recycling activities. Because a variety of surplus electronics are regularly delivered (good, recyclable, and non-recyclable), some public policy activists refer to all surplus electronics as "e-waste." WEEE has been identified as one of the fastest growing sources of waste, with an estimated annual growth rate of 16-28%. A complex set of heterogeneous secondary wastes is formed within each area. Despite the fact that treatment requirements are complex, the sources from each sector have several commonalities. Electrical and electronic equipment is made up of a variety of components, some of which include dangerous compounds that, if not handled appropriately, can have a negative influence on human health and the environment. These dangers are frequently caused by inefficient recycling and disposal methods. Carcinogens such as lead, barium, phosphor, and other heavy metals are abundant in Cathode Ray Tubes (CRTs). The global e-waste management market is anticipated to reach $49.4 billion by 2020, growing at a CAGR of 23.5 percent from 2014 to 2020. It is one of the most rapidly rising waste streams in both developing and industrialised countries. Electrical, electronic, and consumer electronic gadgets have shorter life lives, resulting in a considerable amount of E-Waste, which is expanding at a rapid rate every year. The growing need to upgrade to the latest technology is fueling the expansion of the E-Waste industry. The desire to adopt new technologically advanced equipment results in the development of millions of tonnes of E-Waste in various parts of the world. According to a UN project to assess E-Waste generation, the world created around 50 million tonnes of E-Waste in 2012, averaging 15 pounds per person globally. Government agencies in many locations are taking E-Waste management activities to limit the amount of E-Waste generated around the world. Market participants are taking steps to recycle E-Waste in order to reduce pollution and environmental risks associated with it. Key Players 1. E-Parisaraa Pvt. Ltd. 2. Ecocentric Management Pvt. Ltd. 3. Greenscape Eco Mgmt. Pvt. Ltd. 4. Navrachna Recycling Pvt. Ltd. 5. Sims Recycling Solutions India Pvt. Ltd.
Plant capacity: Plastic: 1.60 MT per day | Ferrous Material: 1.00 MT per day | Aluminium: 0.70 MT per day | Glass: 1.00 MT per day | Copper: 0.70 MT per dayPlant & machinery: 86 Lakh
Working capital: -T.C.I: Cost of Project: 314 Lakh
Return: 27.00%Break even: 60.00%
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Solar Panel (both type of the PV Cells: Polycrystalline and Monocrystalline) 140 MW

A solar panel is made up of several solar modules that are wired together in series and parallel to give a certain voltage and current to charge a battery. Photovoltaic panels make up the solar array of a photovoltaic system, which generates and distributes solar power in commercial and residential settings. The DC output power of each module is rated under conventional test conditions and typically ranges from 100 to 365 watts. A single solar module can only provide a certain quantity of energy; therefore, most setups use numerous modules. A photovoltaic system consists of a panel or array of solar modules, a solar inverter, and, in certain cases, a battery and/or solar tracker, as well as interface cable. A photovoltaic (PV) module is a pre-assembled, plug-and-play assembly of 6-10 solar cells. Solar photovoltaic panels make up the solar array of a photovoltaic system, which generates and distributes solar power in commercial and residential settings. The DC output power of each module is rated under conventional test conditions and typically ranges from 100 to 365 watts. A single solar cell will not be able to deliver the necessary usable output. To boost the output power of a PV system, a number of such PV Solar Cells must be connected. A solar module is typically made up of a sufficient number of solar cells that are connected in series to generate the requisite standard output voltage and power. Large-scale solar applications, such as commercial and residential solar systems, typically use monocrystalline solar panels. They can also be used for smaller-scale applications, and the panel size is determined by the application. The most widely utilised PV panels on the planet are polycrystalline solar panels. They come in a variety of power levels, ranging from 5 W to 250 W or more, and can be used in both home and commercial settings. In the projected period 2021-2028, the global solar power market is estimated to increase at a CAGR of 6.9%, from $184.03 billion in 2021 to $293.18 billion in 2028. With the unrelenting shift toward renewable energy, the worldwide solar panel industry is accelerating. China, the world's largest exporter of solar panels, will benefit from strong global demand, while domestic sales may decrease as tariff subsidies are reduced. Because solar cells are becoming more affordable and suburban building is becoming stronger, the United States is seeing a rise in solar power output. Due to the rapid adoption of solar generation capacity, the EU, Asia-Pacific, Mexico, and Australia are also emerging as the most attractive markets. Distributed solar photovoltaic systems for residential, commercial, and industrial buildings appear to be a growing business segment around the world.
Plant capacity: Mono Crystalline Solar PV Module Capacity:250 Watt 466.8Nos/Day | Mono Crystalline Solar PV Module Capacity:320 Watt 364.6Nos/Day | Poly Crystalline Solar PV Module Capacity: 250 Watt466.8Nos/Day | PolyCrystalline Solar PV Module Capacity:320Watt364.6/dayPlant & machinery: 36.35 Cr
Working capital: -T.C.I: Cost of Project: 63.46 Cr
Return: 30.00%Break even: 44.00%
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Set up your own Maize Processing Plant with Cogeneration Plant

After wheat and rice, maize is the third most significant cereal/crop, and it offers a wide range of processing options due to its high nutritional content and cost-effectiveness. Maize (sometimes known as corn) is a cereal grass commonly used for food and animal feed. In India, maize is one of the most extensively consumed foods. India produces 21 million tonnes of maize every year, with Karnataka, Andhra Pradesh, and Rajasthan producing the most. India is one of the world's largest maize producers, and the grain can be grown throughout the year in practically any agro-climatic zone within its borders. Maize planting has increased in India in recent years, resulting in its domination as a starch source among processors. Maize is one of the most adaptable crops in development, thriving in a variety of agro-climatic situations. Maize is recognised as the "Queen of Cereals" around the world because it has the highest genetic production potential of all cereals. Starch, oil, protein, alcoholic drinks, food sweeteners, medicines, cosmetics, film, textile, gum, packaging, and paper are just a few of the sectors that use maize as a primary raw material. In commercial food production, a maize processing factory, often known as a corn mill, plays a significant role. Dry maize is ground into corn meal or corn flour at the factory, which is subsequently used to make tortillas, breads, and cereals. The grain can also be fermented and distilled to make ethanol fuel, or it can be processed into syrups to sweeten carbonated beverages. Depending on the type of gear used and the degree of milling that occurs during processing, a maize processing facility can do more than just turn corn into corn flour, cornmeal, or grits. Despite the fact that these are all common applications for maize processing facilities. Almost 57 percent of maize produced in India is utilised to feed poultry and livestock. Thirty-three percent is consumed, 9% is utilised to manufacture starch and related products, and 1% is used as seed. Maize is mostly used to make starch and other industrial products in the United States and Europe. Despite being one of the world's major maize producers, India's value addition in the form of processing lags behind more industrialised countries. A considerable amount of starch is transformed into high-value-added nutritional sweeteners, such as glucose syrup, dextrose, and fructose syrup, in modern countries. The Indian corn starch market is expected to increase at a CAGR of 3.9 percent from 2019 to 2024, reaching $1.37 billion in 2018. Corn's wide range of uses in industries including as food and beverage, medicines, animal feed, textiles, and paper are moving the India Corn Starch market ahead. Textile, paper, and construction sectors, as well as the pharmaceutical industry, are the primary consumers of starches. Although the usage of these derivatives in the food business is slowly increasing, there is still a lot of untapped potential in the maize starch processing industry. North America is the most important market for corn starch in terms of both value and volume. In contrast, the maize starch market in Asia Pacific is expected to develop at the fastest rate in the coming year, at a CAGR of 6.4 percent. Maize starch demand is rising across Asia Pacific, particularly in ASEAN, China, and India, where major corn starch producers have recently made significant investments. Key Players: • Aksharchem (India) Ltd. • Amaravati Agro Ltd. • Cargill India Pvt. Ltd. • Devi Corn Products Ltd. • Gayatri Bioorganics Ltd. • Gujarat Ambuja Exports Ltd.
Plant capacity: Maize Starch: 150 MT Per Day | Liquid Glucose: 20 MT Per Day | Maltodextrin: 18 MT Per Day | Gluten as by Product: 33 MT Per Day | Germ as by Product: 21 MT Per Day | Fiber as by Product: 36 MT Per DayPlant & machinery: 136 Cr
Working capital: N/AT.C.I: Cost of Project: 171 Cr
Return: 21.00%Break even: 32.00%
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  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
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  • T.C.I is Total Capital Investment
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  • 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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