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

Agro Based Industry: Project Opportunities in Uttar Pradesh

PROFILE:

Agro-based industry would mean any activity involved in cultivation, under controlled conditions of agricultural and horticultural crops, including floriculture and cultivation of vegetables and post-harvest operation on all fruits and vegetables. The development of agro-industries has assumed crucial importance in the economic planning and progress of the country. The agro industry is regarded as an extended arm of agriculture. The development of the agro industry can help stabilise and make agriculture more lucrative and create employment opportunities both at the production and marketing stages. The broad-based development of the agro-products industry will improve both the social and physical infrastructure of India.

RESOURCES:

Uttar Pradesh is a very fertile region and a major contributor to the national food grain stock. Partly this is due to the fertile regions of the Indo-Gangetic plain, and partly owing to irrigation measures such as the Ganga Canal. Lakhimpur Kheri is the largest sugar producing district in the country. It is also home to 78% of national livestock population. Uttar Pradesh is among the largest producers of agricultural commodities in the country. It produces 34 per cent of the total groundnut, 17.5 per cent of rapeseed, 8 per cent of fruits and 14 per cent of vegetables. It has the largest livestock in the country and its milk production is the highest in the country. It is the largest producer of sugarcane and ranks second in the manufacture of sugar. Uttar Pradesh, with its prosperity in the agricultural sector enabled the growth of allied industry like warehousing, cold storages and flourmills. At 2,659, food product manufacturing sector has the highest number of factories (19.5 per cent of the total) in the state.

GOVERNMENT POLICIES:

In India, agricultural trade policy is a part of a larger food and agriculture policy regime that seeks to maintain food self-sufficiency while providing income support to the agricultural sector and poor consumers. The Government of India (GOI) uses a variety of policy instruments in attempting to achieve these goals, including:

·         Domestic subsidies to inputs, outputs, transportation, storage, and consumption to reduce producer costs and consumer prices.

·         Border measures such as subsidies, tariffs, quotas, and non-tariff measures to protect domestic producers from import competition, manage domestic price levels, and guarantee domestic supply.

The National Policy on Agriculture seeks to actualise the vast untapped growth potential of Indian agriculture, strengthen rural infrastructure to support faster agricultural development, promote value addition, accelerate the growth of agro business, create employment in rural areas, secure a fair standard of living for the farmers and agricultural workers and their families, discourage migration to urban areas and face the challenges arising out of economic liberalization and globalisation. Over the next two decades, it aims to attain:

·         A growth rate in excess of 4 per cent per annum in the agriculture sector;

·         Growth that is based on efficient use of resources and conserves our soil, water and bio-diversity;

·         Growth with equity, i.e., growth which is widespread across regions and farmers;

·         Growth that is demand driven and caters to domestic markets and maximises benefits from exports of agricultural products in the face of the challenges arising from economic liberalization and globalisation;

·         Growth that is sustainable technologically, environmentally and economically.

The policy seeks to promote technically sound, economically viable, environmentally non-degrading, and socially acceptable use of country’s natural resources - land, water and genetic endowment to promote sustainable development of agriculture.

 

Live Stock: Project Opportunities in Uttar Pradesh

PROFILE:

Livestock sector plays a critical role in the welfare of India's rural population. Indian livestock industry represents major foods of animal origin: milk, eggs, chicken, goat meat and fish.  Beef and pork industries have a limited share in the market, as most Indians do not eat beef and pork. As far as feed is concerned poultry, cattle and aqua feeds have been developed in an organised way. The production regions of Bihar, Uttar Pradesh, Madhya Pradesh and coastal areas are rich in the production of animal feed due to high crop cultivation and industrial setups that give animal feed as the by product. Enormous growth opportunities and scope exist in the Indian livestock industry; all that is required is a right approach in an appropriate direction. No doubt, if the industry is tapped appropriately it can help India become a leader in milk and meat production in the years to come.

RESOURCES:

Uttar Pradesh supports about 15% of the country's total livestock population. Of its livestock in 1961, 15% were cattle, 21% buffaloes, 13% goats and 8% other livestock. Between 1951 and 1956 there was an overall increase of 14% in the livestock population. There are nearly eight lakh hectares of water area, including lakes, tanks, rivers, canals and streams. The fishing area is over two lakh hectares and more than 175 varieties of fish. Among them are rohu, hilsa, mahseer, mangar, snow trout and mirror carp. Uttar Pradesh milk co-operatives are contributing immensely to the Indian dairy industry, the highest milk producer in the world. The impact of Uttar Pradesh milk co-operatives can be ascertained from their role in the private and co-operative systems. With the launch of innovative technologies Uttar Pradesh is now being able to enhance their milk production acutely. The merging of the rural and the urban contribution to the dairy production in Uttar Pradesh forms the Uttar Pradesh milk co-operative union.

GOVERNMENT POLICIES:

The livestock sector has great but untapped potential to contribute to poverty alleviation and the achievement of the Millennium Development Goals.

·         Agricultural growth can be highly effective in reducing poverty as the largest share of the world’s poor live in rural areas.

·         Livestock provide food and income to the majority of the 1.2 billion people living on less than $1 per day.

·         Demand for livestock products is growing fast in developing countries, faster than demand for staple crops, and will continue to do so in the foreseeable future.

·          This demand growth can provide significant opportunities for many rural and peri-urban poor to increase returns from their livestock resources.

 

Textile Industry: Project Opportunities in Uttar Pradesh

PROFILE:

The Indian textile industry is one of the largest industries in the world. The textile industry in India is the largest provider of employment after agriculture. This industry is one of the earliest industries of India to come into being; it is presently the second biggest industry in the world after China. Over the years, this industry has proved to be the provider of the basic requirements of the people. The industry holds a vital place in the Indian economy as it makes a contribution of 14 % to the industrial production of the country and at the same time sums up 4% of the total GDP of India. Along with contributing to the Indian economic scenario in terms of employment, involvement in the industrial production, foreign revenues the textile industry of India also contributes to the global textile economy. It contributes to the global textile fiber and yarn production. The handlooms sector is the second largest employer in India providing employment to about 65 lakh persons. The sector represents the continuity of the age- old Indian heritage of hand weaving and reflects the socio cultural tradition of the weaving communities.

RESOURCES:

Total sales in textiles sector accounted for 12.3 per cent of the sales by industries in the state in 2003.Textile sector is one of the important traditional industries in the state. Uttar Pradesh has 58 spinning mills and a total of 74 textile mills in the non-SSI 12 sector. The state is known for its carpets & brassware products. Carpet weaving is one of the important crafts in Uttar Pradesh. UP produces about 90 per cent of the country’s carpets in and around Mirzapur, Bhadohi and Khamaria. These carpets are popular export items today. Hand woven carpets, brassware and leather products from the traditional export items from the state. Uttar Pradesh produces about 15 % of the total fabric of this country. handloom sector in Uttar Pradesh has near about 5.6 %  share of total weaving units in India, it employees 6.4 %  of the total number  Of workers and 6.6 % of the total numbers of weavers in this country. whereas each state in India is popular for one or two products, Uttar Pradesh is the only state which has a distinction of being able to offer the complete range of handloom products, viz– home furnishing, floor coverings, bed covers, bed sheets, dress material, towels, table linen and a vast range of woven and printed sarees made of cotton and silk and many more items. The element of art and craft present in Uttar Pradesh makes it a potential sector for upper segments of the market both in India as well as globally.

GOVERNMENT POLICIES:

The Ministry of Textiles in India has formulated numerous policies and schemes for the development of the textile industry in India. The government of India has been following a policy of promoting and encouraging the handloom sector through a number of programmes. Most of the schematic interventions of the government of India in the ninth and tenth plan period have been through the state agencies and co-operative societies in the handloom industries. Some of the major acts relating to textile industry include: Central Silk Board Act, 1948, The Textiles Committee Act, 1963, The Handlooms Act, 1985, Cotton Control Order, 1986, The Textile Undertakings Act, 1995Government of India is earnestly trying to provide all the relevant facilities for the textile industry to utilize its full potential and achieve the target. The textile industry is presently experiencing an average annual growth rate of 9-10% and is expected to grow at a rate of 16% in value, which will eventually reach the target of US $ 115 billion by 2012. The clothing and apparel sector are expected to grow at a rate of 21 %t in value terms.

 

Tourism: Project Opportunities in Uttar Pradesh

PROFILE:

India’s tourism industry is experiencing a strong period of growth, driven by the burgeoning Indian middle class, growth in high spending foreign tourists, and coordinated government campaigns to promote ‘Incredible India’. Tourism in India is the largest service industry, with a contribution of 6.23% to the national GDP and 8.78% of the total employment in India. In 2010, 25.8 million foreign tourists visited India. India is expected to increase to 9.4% annual growth rate till 2018. Andhra Pradesh, Uttar Pradesh, Tamil Nadu and Maharashtra received the big share of these visitors. Ministry of Tourism is the nodal agency to formulate national policies and programmes for the development and promotion of tourism. Uttar Pradesh is India's most populous state with a population of over 190 million people. It is divided into 70 districts with Lucknow as its capital. Uttar Pradesh is bounded by Nepal on the North, Himachal Pradesh on the northwest, Madhya Pradesh on the south, Haryana on the west, Rajasthan on the southwest, and Bihar on the east.

RESOURCES:

Uttar Pradesh is the historical heart land of India, where each part of the state is attached with ancient history, civilization, religions and culture. Uttar Pradesh is situated in the northern part of India, border with the capital of India New Delhi. Uttar Pradesh is the most popular tourist destination in India. Uttar Pradesh is important with its wealth of historical monuments and religious fervour. Geographically, Uttar Pradesh is very diverse, with Himalayan foothills in the extreme north and the Gangetic Plain in the centre. It is also home of India's most visited site, the Taj Mahal, and Hinduism's holiest city, Varanasi. The most populous state of the Indian Union also has a rich cultural heritage. Kathak one of the eight forms of Indian classical dances, originated from Uttar Pradesh. Uttar Pradesh is at the heart of India, so popular with another name The Heartland of India. Cuisines of Uttar Pradesh like Awadhi cuisine, Mughlai cuisine, Kumauni cuisine are very famous in entire India and abroad. Uttar Pradesh is India's most populous state with a population of over 190 million people. It is divided into 70 districts with Lucknow as its capital. Uttar Pradesh is bounded by Nepal on the North, Himachal Pradesh on the northwest, Madhya Pradesh on the south, Haryana on the west, Rajasthan on the southwest, and Bihar on the east.

GOVERNMENT POLICIES:

The Government of India and a number of other states have declared tourism as an industry. Gujarat State which is at the forefront of the industrial development will also declare tourism as an industry. the Government of India announced a New Tourism Policy to give boost to the tourism sector. The policy is built around the 7-S Mantra of Swaagat (welcome), Soochanaa (information), Suvidhaa (facilitation), Surakshaa (security), Sahyog (cooperation), Sanrachnaa (infrastructure) and Safaai (cleanliness). Some of the salient features of the Tourism Policy are:

·         The policy proposes the inclusion of tourism in the concurrent list of the Constitution to enable both the central and state governments to participate in the development of the sector.

·         No approval required for foreign equity of up to 51 per cent in tourism projects. NRI investment up to 100% allowed.

·         Automatic approval for Technology agreements in the hotel industry, subject to the fulfilment of certain specified parameters.

·         Concession rates on customs duty of 25% for goods that are required for initial setting up, or for substantial expansion of hotels.

·         50% of profits derived by hotels, travel agents and tour operators in foreign exchange are exempt from income tax. The remaining profits are also exempt if reinvested in a tourism related project.

 

 

Waste management: Project Opportunities in Uttar Pradesh

PROFILE:

Waste utilization, recycling and reuse plays a major role in limiting resource consumption and the environmental impact of waste. Recycling is an integral part of any waste management system as it represents a key utilization alternative to reuse and energy recovery (Waste-to-Energy). Which option is ultimately chosen depends on the quality, purity and the market situation. Hazardous waste management is a new concept for most of the Asian countries including India. The lack of technical and financial resources and the regulatory control for the management of hazardous wastes in the past had led to the unscientific disposal of hazardous wastes in India, which posed serious risks to human, animal and plant life.

RESOURCES:

The city of Lucknow in Uttar Pradesh produces around 1500 tons of solid waste every day. The municipal workers collect around 1100 tons every day. The municipal solid waste (MSW) is disposed of haphazardly in open dumps. With growing pressure on land due to increasing population it is increasingly difficult for Lucknow Nagar Nigam (LNN) to locate new disposal sites. In order to overcome this difficulty the LNN has entered into a contract with a company to process MSW generated in the city and to generate power and organic manure from it.

GOVERNMENT POLICIES:

Government of Uttar Pradesh proposes development of Integrated Municipal Solid Waste Management Project (IMSWMP) For Agra, Uttar Pradesh. UP Awas Bandhu is the nodal agency for the project. The Project has been conceptualized as an Integrated Municipal Solid Waste Management Project comprising of the following facilities:

·         Collection of waste from individual households and its segregation into Bio-degradable and Non-biodegradable wastes.

·         Construction, Operation & Maintenance of MSW Transfer stations including Secondary transportation of waste from the transfer stations to the Treatment and Disposal facilities.

·         Development, Operation & Maintenance of Processing Facility with compost plant and any other suitable plant such as RDF, etc.

·         Development, Operation & Maintenance of Sanitary Landfill Facility including Closure of the Existing Dumpsite.

·         Setting up STPs as required beyond those proposed in JNNURM

·         O&M of all existing STPs and those to be setup by PPP development and also under JNNURM as required.

·         Any other activity needed as part of Integrated Solid Waste Management Project.

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Exercise Note Book

Exercise books are widely known & vastly used as day-to-day products. Notebooks are available in the market in various sizes, shapes & pages and having various types of covers paper bound, board and Rexene bound etc. Writing pads, exercise notebooks and ring books are made from paper sheet layers which are commonly ruled, stitched or glued and used for writing. They are composed of pages, often ruled, made out of paper, used for purposes including recording notes or writing, drawing and similar activities. The demand for notebooks is projected to reach 2,250 tons and 3,155 tons by the year 2017 and 2022. India exercise notebook market is expected to reach Rs. 334.6 billion by FY’2020. India exercise notebook market, segmentation on the basis of Use, Number of Pages, GSM, Recycled/Non-Recycled Papers, Retail/Institutional Sales, Size, Bindings, Cover Types, City Tiers, Rural/Urban Demand and Paper Types. India stationery market revenues are projected to grow at a CAGR of 10.5% during 2018-24. Thus, due to demand it is best to invest in this project. Few Indian major players are as under • Apeejay Oxford Bookstores Pvt. Ltd. • Apollo Publishers Ltd. • Aptonline Ltd. • Archies Ltd. • C B S Publishers & Distributors Pvt. Ltd. • Crossword Bookstores Ltd.
Plant capacity: Exercise Note Books (17x27 cm.): 10000 Pcs./DayPlant & machinery: Rs. 48 lakhs
Working capital: -T.C.I: Cost of Project: Rs86 lakhs
Return: 27.00%Break even: 67.00%
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Ready Mix Concrete

Ready mix concrete is a modern trend of introduction in the Asian Countries. It is already introduced long before in the European Countries. It is new concept of use concrete in the construction area. Ready mix concrete has advantages in the area where immediate requirement of concrete mixture like in the preparation of bridge overhead roads on or the road construction. The good quality concrete is a homogeneous mixture of water, cement, aggregates and other admixtures. India is the second largest producer of cement in the world after China. It is followed by Japan and the USA. Cement consumption is very closely linked to the performance of the construction industry; the growth of RMC in India has in the past been predominantly driven by demand from the metro cities. According to an ICRA analysis, in cities like Mumbai it is mandatory to use RMC in construction of flyovers. The world market for Ready-Mix Concrete is projected to reach $105.2 billion. The RMC market in India is estimated to be worth USD 78.7 billion by 2024.As a whole any entrepreneur can venture in this project without risk and earn profit. Few Indian major players are as under • A C C Ltd. • Ahlcon Ready Mix Concrete Pvt. Ltd. • Ambit Concrete Pvt. Ltd. • Dirk Pozzocrete (M P) Pvt. Ltd. • Nutech Engineering Technologies Ltd. • Particle Dynamics Pvt. Ltd.
Plant capacity: Ready Mix Concrete (M20): 240 Cu.Mt./DayPlant & machinery: Rs 48 lakhs
Working capital: -T.C.I: Cost of Project: Rs. 229lakhs
Return: 27.00%Break even: 73.00%
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Red Oxide Primer From Mill Scale

Red oxide primer is a specially formulated coating used as a base coat for ferrous metals. Red-oxide primer serves a similar purpose to interior wall primers in that it prepares metal for a topcoat, but it also gives iron and steel surfaces a layer of protection. A primer is composed of Red Oxide, solvents, resins, and various additives. The pigments give the primer color; solvents make it easier to apply; resins help it dry; and additives serve as everything from fillers to anti fungicidal agents. Indian paint market will grow with a CAGR of around 14% during 2015-16 to 2019-20. The Indian paint industry has been growing at an average 15% per annum over the last decade. Growth has been consistent with the Indian GDP growth rate and in some years the industry has grown at a rate of 1.5 to 2 times higher than that of GDP growth. This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under • Ashok Neel Mfrs. Pvt. Ltd. • Bajaj Superpack India Ltd. • Eskay Dye-Stuffs & Organic Chemicals Pvt. Ltd. • Futura Polyesters Ltd. • NirupSynchrome Ltd. • Omkar Industries Ltd.
Plant capacity: Red Oxide Primer (Each Packed in 20 Ltrs Container): 1000 Packs/Day Red Oxide Primer (Each Packed in 5 Ltrs Container): 4000 Packs/DayPlant & machinery: Rs. 412 lakhs
Working capital: -T.C.I: Cost of Project : Rs1247 lakhs
Return: 27.00%Break even: 59.00%
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IV Fluids (BFS Technology)

Intravenous fluids are fluids which are intended to be administered to a patient intravenously, directly through the circulatory system. These fluids must be sterile to protect patients from injury, and there are a number of different types available for use. Intravenous fluids can also be used as a route of medication administration. If a doctor wants to deliver a small amount of medication over an extended period of time, it can be dissolved in a bag of intravenous fluids and set on an infusion pump which delivers the medicated fluid directly into the blood. The Indian pharmaceutical industry is the fourth largest in the world in terms of volume of output and thirteenth in domestic demand. However, the Indian industry, valued at USD 17 bn in represented just over 1% of the global pharmaceutical industry (USD 1700 bn) in value terms. The domestic market is estimated at Rs 680 bn. Intravenous (IV) fluids market in India is around Rs. 3,000 crore growing at healthy rate of around 15-20 per cent a year due to its essential requirement in nature. Entrepreneurs who invest in this project will be successful. Few Indian major players are as under • Abaris Healthcare Pvt. Ltd. • AhlconParenterals (India) Ltd. • AxaParenterals Ltd. • Infutec Healthcare Ltd. • Kokad Pharmaceutical Laboratories Ltd. • Parenteral Surgicals Ltd.
Plant capacity: IV Fluids (500 ml Bottle): 49600 Pcs./DayPlant & machinery: Rs. 1954 lakhs
Working capital: -T.C.I: Cost of Project: Rs. 2756 lakhs
Return: 25.00%Break even: 52.00%
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LPG Bottling Plant

LPG cylinder filling plants vary considerably in size, complexity and layout. The type and size depends on such factors as maximum potential throughput requirements, size and type of cylinder filled and the number/grades of products handled. Liquified Petroleum Gas (LPG), popularly known as cooking gas, is a mixture of hydrocarbons which are gaseous at normal temperature, but can be liquified at moderate pressure, and can be stored in cylinders as a liquid under pressure, and is drawn out and used as gas. The average growth rate in demand has settled down to around 10% from a high of 18% during early 1990s. Apart from commercial and industrial establishments, 94 mn households use LPG. Projections from all three scenarios reveal that demand for LPG will reach a minimum of 5.9 million metric tons by the year 2022.Thus, due to demand it is best to invest in this project. Few Indian major players are as under • AdaniDhamra L P G Terminal Pvt. Ltd. • Aegis Gas (Lpg) Pvt. Ltd. • Aegis Logistics Ltd. • Alert Petrogas Ltd. • Asia Lpg Pvt. Ltd. • Balaji Pressure Vessels Pvt. Ltd.
Plant capacity: LPG Cylinders (5 Kgs Size): 1360 Cylinders/Day LPG Cylinders (14.2 Kgs Size): 1000Cylinders/Day LPG Cylinders (19 Kgs Size): 1000 Cylinders/DayPlant & machinery: Rs. 113 lakhs
Working capital: -T.C.I: Cost of Project Rs. 984lakhs
Return: 27.00%Break even: 35.00%
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Cashew Nut Processing Unit

The cashew nut is a popular dessert nut, eaten out of hand, with other mixed nuts and used in baking and confections. Sixty percent of cashews are consumed as salted nuts. The cashew apple is generally processed and consumed locally. The raw cashew nut is the main commercial product of the cashew tree, though yields of the cashew apple are eight to ten times the weight of the raw nuts. ? India is the third largest consumer of cashew nuts in the world & India stands first in Cashew Nut Processing. India processes around 1.59 million tons of cashew nuts every year though it produces only around half of the quantity that it processes. India’s cashew industry might have to increase domestic production to over 2 million tonnes by the year 2025, it is expected to achieve a target of 2.14 MT of raw cashew nut production in India, against the estimated demand of 2.19 MT by the year 2025. Which facilitates the development of new technologies and ensure a high quality product. Few Indian major players are as under • Ames Foods Processors India Pvt. Ltd. • Ashoka Estate Developers Pvt. Ltd. • Chandra Cashew Imports & Exports Pvt. Ltd. • Goa Forest Development Corpn. Ltd. • Kerala State Cashew Devp. Corpn. Ltd. • Padmavathi Cashews & Coffee Ltd.
Plant capacity: Cashew Nut Processing Unit: 20 MT/Day Plant & machinery: Rs. 155 lakhs
Working capital: -T.C.I: Cost of Project: Rs. 750 lakhs
Return: 31.00%Break even: 62.00%
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E-Waste & Lithium Battery Recycling Plant

Electronic Waste – or e-waste – is the term used to describe old, end-of-life electronic appliances such as computers, laptops, TVs, DVD players, mobile phones, mp3 players etc.Technically, electronic "waste" is the component which is dumped or disposed or discarded rather than recycled, including residue from reuse and recycling operations. Recycling of used lithium batteries has primarily focused on extracting active metal cobalt (Co) and lithium (Li). According to E-Waste Market in India 2015-2019 research, the need to prevent biological hazards is one of the major trends upcoming in this market. Indians become richer and spend more on electronic items and appliances, computer equipment accounts for almost 70% of e-waste material, followed by telecommunication equipment (12%), electrical equipment (8%) and medical equipment (7%). Other equipment, including household account for the remaining 4%. As a whole any entrepreneur can venture in this project without risk and earn profit.
Plant capacity: E-Waste &Lithium Battery Recycling Plant: 20 MT/DayPlant & machinery: Rs. 225 lakhs
Working capital: -T.C.I: Cost of Project: Rs. 540 lakhs
Return: 26.00%Break even: 59.00%
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Disposable Plastic Syringes

Disposable Syringes are made of plastic material and are used in the field of medical and veterinary science. Due to their availability in sterilized condition, ready to use, and cost effectiveness, disposable syringes are fast replacing the age-old glass syringes. Disposable Syringes are being used by doctors to inject medicines through intravenous or intramuscular ways for the treatment of diseases & also by research & development personnel. The effective result of the above factors of influence on the market – along with a few others – for disposable syringes is expected to translate to a CAGR of 5.6% from 2015 to 2023.India is witnessing a rapid growth across all segments and categories of medical products. India exported US$ 35.22 million worth of syringes and the overall exported quantity was 719.48 million units. Thus, due to demand it is best to invest in this project. Few Indian major players are as under • Albert David Ltd. • Disposable Medi-Aids Ltd. • Hindustan Syringes & Medical Devices Ltd. • Lifeline Injects Ltd. • Lifelong Meditech Ltd. • Oyster Medisafe Pvt. Ltd.
Plant capacity: Disposable Plastic Syringes: 460 Boxes/DayPlant & machinery: Rs. 115 lakhs
Working capital: -T.C.I: Cost of Project: Rs. 289 lakhs
Return: 18.00%Break even: 67.00%
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Essential Oils Extraction and Manufacturing Industry

Essential Oils Extraction and Manufacturing Industry. Jasmine and Tuberose Oil Extraction Business. Essential Oils from Flower Crops An essential oil is a natural product extracted from a single plant species. Not all plants produce essential oils, and in the plants that do, the essential oil may be found in the roots, stems, leaves, flowers, or fruits. Essential oils, also called volatile odoriferous oil, are aromatic oily liquids extracted from different parts of plants, for example, leaves, peels, barks, flowers, buds, seeds, and so on. They can be extracted from plant materials by several methods, steam distillation, expression, and so on. Among all methods, for example, steam distillation method has been widely used, especially for commercial scale production. Essential oils have been widely used as food flavors. Essential oils have been known to possess antioxidant and antimicrobial activities, thereby serving as natural additives in foods and food products. Jasmine Essential Oil Jasmine essential oil, or technically Jasmine Absolute (Jasminum officinale) is a pricey and rarer oil to find. It has a sweet aroma (almost sickly sweet to some noses), very floral and stronger than the flowering plant itself. Jasmine oil is extracted from the flowers of Jasmine. Its scientific names are Jasminum Grandiflora (Royal Jasmine) and Jasminum Officinale (Common Jasmine). It is one of the most powerful, soothing, exotic and pleasant oils available. It is widely accepted for its ability to treat depressed people. This oil is also known to ease childbirth and has been used for many years now. Jasmine oil is also appreciated for its blending properties with other oils. Although expensive, this oil is preferred by many people around the world. The benefits and effects it has on the skin are innumerable. It is extremely effective in healing wound scars and stretch marks besides helping in treating dry skin. Tuberose Oil Tuberose oil is extracted from Polianthes tuberosa of the Agavaceae family and is also known as tuberosa and tubereuse. Polianthes tuberosa, is commonly known as Rajanigandha in India due to its night blooming fragrant flowers. It is small bulbous herb reaching upto height of 2-3 feets. It bears aromatic flowers and generally grown for oranmental purpose. The waxy, white and fragrant flowers on long spikes are mostly used as cut flowers for making garlands and extracting essential oil. There are also few medicinal uses of Polianthes tuberosa. Flowers are used in perfume industry and also diuretic and emetic activity. Bulbs are used as antigonorrhoea, diuretic, emetic and for curing rashes in infant. Market Outlook The essential oil is used across various industries such as agriculture, food and beverage industry, fragrance, cosmetics, pharmaceuticals, and retail. Its benefits range from good sleep, stress relief, pain relief, weight loss, body detoxification, mental alertness and stretch marks healing. Essential Oil Market is expected to reach $11.188 million by 2022, with a CAGR of 8.7% from 2016 to 2022. Essential oils, also known as volatile oils/aetherolea/ethereal oils, are derived from leaves, stems, flowers, bark, roots, or other parts of a plant. Essential oil is obtained from various herbs and plants, such as orange, eucalyptus, corn mint, peppermint, citronella, lemon, lime clover leaf, and spearmint, using distillation methods such as steam and water distillation. An essential oil contains volatile aroma compounds and real essence of the plant from which it is derived. Essential oils are primarily used in cosmetics & toiletries, food items and beverages. Rising consumer income across developing nations coupled with high demand for premium cuisine is expected to contribute to the segment growth. Orange, lemon, spearmint, anise, asafetida, basil, citronella, coriander, rosemary, and others are increasingly being used to extract oils and improve flavor in food & beverages instead of adding whole herbs and spices. Rising demand for attractive color and taste in local dishes is further fueling to market growth. On the basis of application, the essential oils market is led by the food & beverage application segment. Highly nutritive contents and numerous health benefits associated with the consumption of essential oils are the key factors driving the use of essential oils in food & beverage industry during the forecast period. Furthermore, an increase in demand for energy and health drinks is witnessed in the recent years, which have led to increased use of essential oils in beverages. Also, the number of recreational and lifestyle users has constantly increased in the recent years, which will increase the demand for essential oils in spa & relaxation and aromatherapy industries. The major factor boosting the market growth is the increasing consumer preference for natural and organic products be it cosmetics, food or similar other product categories. This in turn, has led the manufacturers operating in such industries to develop products that contain natural additives. Thus, the growing usage of essential oils among the aforementioned industries, coupled with factors which include increasing disposable income and improved standards of living in emerging economies, supplement the market growth. The factors restricting the market growth are high price of essential oils, availability of synthetic substitutes, and limited availability of raw materials. Government support and favorable regulations are likely to offer lucrative opportunities for market growth. Essential oils are volatile liquid substances extracted from aromatic plant material by different types of extraction methods. They have potent antioxidant and anti-microbial properties and can be used to treat depression and stress-related diseases. Different types of essential oils used in aromatherapy include tea tree oil, jasmine oil, rosemary oil, and lavender oil. These oils are used in massage therapies, acupuncture, and topical care. Changing lifestyles and their consequences, such as high stress and depression, along with increasing disposable incomes, result in an increase in demand for aromatherapy. The global essential oil market is observing a significant expansion in its size, thanks to the increasing usage of essential oil in aromatherapy. The augmenting demand for flavored food and beverages products among consumers is also boosting this market substantially. With the rising development of innovative beauty and personal care products, fueled by the increasing preference for natural products, the usage of essential oil for the creation of new fragrances is surging, leading to an expected upswing in this market over the next few years. Tags Essential Oil Extraction, How are Essential Oils Extracted? How to Make Essential Oils, Extraction of Essential Oils, Essential Oils from Jasmine, Extraction of Essential Oil and its Applications, Process of Essential Oil Extraction, Extracting Essential Oils, Extraction and Manufacturing of Essential Oils, Essential Oil Extraction Plant, Extraction of Essential Oils from Jasmine, Extraction of Jasmine Oil, Extraction of Essential Oils from Jasmine, Jasmine Flower Essential Oil, Jasmine Essential Oil Extraction, Production of Jasmine Oil, Essential Oil Extraction (Jasmine and Tuberose), Jasmine Oil, Essential Oils, Essential Oils Manufacturing, Jasmine Oil Extraction Pdf, Essential Oils from Tuberose Flower, Essential Oil Extraction in India, How to Make Tuberose Essential Oil, Tuberose Oil Extraction Process, Extraction of Tuberose Oil, Tuberose Extract, Tuberose Oil Extraction Business, How to Start Rajnigandha Oil Extraction Unit, Manufacture of Essential Oils, Jasmine Oil Production, Production of Essential Oils, Essential Oil Extraction Business Ideas, Most Profitable Essential Oil Extraction Business Ideas, Start an Essential Oil Business, Polianthes tuberosa Oil Extraction, How to Start Essential Oil Manufacturing Business, Essential Oil Production Unit, Essential Oils Producing Plant, Essential Oil Extraction Business Plan, Essential Oil Business Plan, How to Start an Extraction Business, Essential Oil Processing Business, Essential Oil Production, Essential Oil Business Opportunity, How to Start an Essential Oils Business, Project Report on Essential Oil Manufacturing Industry, Detailed Project Report on Essential Oil Manufacturing, Project Report on Jasmine Oil Extraction Business, Pre-Investment Feasibility Study on Tuberose Oil Extraction Business, Techno-Economic feasibility study on Jasmine Oil Extraction Business, Feasibility report on Essential Oil Processing, Free Project Profile on Jasmine Oil Extraction Business, Project profile on Tuberose Oil Extraction Business, Download free project profile on Jasmine Oil Extraction Business
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Business Opportunities in Tourism and Hospitality Sector

Business Opportunities in Tourism and Hospitality Sector. Setting Up a 5 Star Hotel. Rising Opportunities in India's Hospitality Industry Hotels industry is one of the major sectors fueling the growth of hospitality sector at the global level. Booming travel and tourism industry is one of the major factors fueling the demand in the hotels industry The various types of hotels in the world are typically classified as 5 star, 4 star, 3 star, 2 star, and 1 Star, among others. India’s tourism sector is growing, bringing with it an increased demand for hotels that cater to holidaymakers. And hotel groups are seizing the opportunity, expanding across some of the country’s biggest cities. The Indian tourism and hospitality industry has emerged as one of the key drivers of growth among the services sector in India. Tourism in India has significant potential considering the rich cultural and historical heritage, variety in ecology, terrains and places of natural beauty spread across the country. Tourism is also a potentially large employment generator besides being a significant source of foreign exchange for the country. Market Size India is the most digitally-advanced traveller nation in terms of digital tools being used for planning, booking and experiencing a journey, India’s rising middle class and increasing disposable incomes has continued to support the growth of domestic and outbound tourism. The travel & tourism sector in India accounted for 8 per cent of the total employment opportunities generated in the country in 2017, providing employment to around 41.6 million people during the same year. The number is expected to rise by 2 per cent annum to 52.3 million jobs by 2028. The Indian hospitality industry has emerged as one of the key industries driving the growth of the services sector and, thereby, the Indian economy. The tourism & hospitality sector’s direct contribution to GDP in 2016 was US$ 47 billion. Also, tourism in India accounts for 7.5% of the GDP & is the 3rd largest foreign exchange earner for the country. 3 Star hotels held the largest market share in the hotels market globally and is expected to remain the market leader throughout the forecast period. However, the unrated segment is expected to be the fastest growing market. Increasing demand in the budget hotels segment is one of the major factors fueling the demand in the unrated segment. Apart from this, 5 Star segment is also having huge growth potential in the hotels market. Increasing number of business travelers and demand for luxurious lifestyle are the major factors boosting the demand in this segment. North America is the largest as well as the fastest growing market for hotels globally. The U.S. held the largest market share in North America hotels market. The U.S. has largest number of budget hotels globally. Moreover, booming travel and tourism industry is also expected to have positive impact on the hotels market. In addition, the major players offering segmented offerings is also driving the hotels market in the U.S. India, China, Singapore and South Korea among others are some of the major markets for hotels in Asia Pacific. Singapore with increasing number of business travelers is the fastest growing market in the Asia Pacific region. The 4 Star segment held the largest market share in Singapore hotels market. In addition, Brazil, Saudi Arabia and UAE are some of the major markets fueling the demand for hotels in rest of the world. Hotel business in India is a lucrative business option, as in India tourists inflows are increasing day by day due to the prime attractions here and diverse culture. Hence, hotel business can be one of the profitable businesses to start. Hospitality Industry Hospitality is the world’s largest service industry, employing millions of people working in hotels, restaurants, cruise lines, resorts, private clubs, casinos, and bed-and-breakfasts throughout the world. The hospitality industry covers a wide range of organizations offering food service and accommodation. The industry is divided into sectors according to the skill-sets required for the work involved. Sectors include accommodation, food and beverage, meeting and events, gaming, entertainment and recreation, tourism services, and visitor information. There is a huge tourism potential in the country and as a result hospitality industry will continue to grow at a substantially higher rate. India is projected to be the fastest-growing nation in the wellness tourism sector in the next five years and infrastructure development is an inevitable factor in order to support this growth. The Indian hospitality industry has experienced prominent growth in recent years due to various factors, including the rising purchasing power of domestic travellers, an increase in commercial development and foreign tourist arrivals, a growing airline industry and government-led initiatives aiming to stimulate the sector. There is a great deal of scope to expand tourism across India, and as the country improves air travel connections and relaxes visa restrictions, tourist arrivals should increase. The growth in the hospitality sector and its contributions to the GDP will continue to be substantially higher than other sectors of the economy on the back of huge tourism potential in the country. Hospitality industry in India has generated tremendous employment opportunities and is a big source of foreign exchange for India. As per the planning commission the hospitality sector is responsible for more jobs per million rupee of investment than any other sector. This sector provided varieties of jobs which satisfies unskilled people to specialized one. The Future of Hospitality The Indian economy is opening up its horizons as it continues to integrate with the world economy. Therefore, the advantages of conducting business with and in India are many. This has led to the manoeuvring of variety of jobs to the shores of India, bringing in its wake transit travellers, business travellers, business meets and holiday seekers. India is the ninth largest civil aviation market in the world in 2014. The sector is projected to be the third largest aviation market globally by 2020. India’s aviation market caters to 117 million domestic and 43 million international passengers in 2014. Over the next decade the market could reach 337 million domestic and 84 million international passengers. Tags How to Start Your Own Hotel, Hospitality Sector Projects, How to Start a Hotel, How do I Start a Hotel Business? How to Start Hotel Business in India, 5 Star Hotel, Good Opportunities in India for Entrepreneurs, Want to Start Hospitality Industry in India? Start Hotel, Start a Tourism Business, How to Start Your own Hotel Business?, Setting Up a Hotel, Cost of Starting Hotel in India, Indian Hotels Industry, Tourism and Hospitality Sector Projects, Free Sample Hotel Business Plan, Hotel Business Plan, Hospitality Industry, Hospitality Business, Starting Your Own Business in Hospitality Sector, New project profile on 5 Start Hotel, Project Report on 5 Start Hotel, Detailed Project Report on 5 Start Hotel, Project Report on Tourism and Hospitality Sector, Pre-Investment Feasibility Study on Hotels & Hospitality Industry, Techno-Economic feasibility study on Tourism and Hospitality Sector, Feasibility report on 5 Start Hotel, Free Project Profile on Hotels & Hospitality Industry, Project profile on Hotels & Hospitality Industry, Five Star Hotel Business, Hospitality Projects, Hotel and Hospitality Projects, How to Start Hospitality Business, Start Your own Business as a Hospitality Industry, Starting Hospitality Business, Start Up Hospitality Business, Tourism and Hospitality Business Ideas to Start, How to Start Hospitality Business in India, Business Ideas in Hospitality Industry, Hospitality Industry in India, How to Start a Business in Hospitality Industry, Hospitality Business Ideas, Hospitality Startup Ideas, Opportunities in Tourism and Hospitality Sector, Hotels & Hospitality Industry in India, Investment in Hotel Industry, Hotel Industry and Hospitality Business, Hotel project ideas, Projects on Small Scale Industries, Small scale industries projects ideas, Tourism and Hospitality Sector Based Small Scale Industries Projects, Project profile on small scale industries, How to Start Hotel Industry in India, How to Start a 5 Start Hotel, 5 Star Hotel Business Plan, How to Start a Hotel Business or Hotel Startup in India
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Return: 1.00%Break even: N/A
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