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

Agro and Food Processing: Project Opportunities in Uttarakhand

PROFILE:

Food processing involves any type of value addition to agricultural or horticultural produce and also includes processes such as grading, sorting and packaging which enhance shelf life of food products. The food processing industry provides vital linkages and synergies between industry and agriculture. The Food Processing Industry sector in India is one of the largest in terms of production, consumption, export and growth prospects. The government has accorded it a high priority, with a number of fiscal reliefs and incentives, to encourage commercialization and value addition to agricultural produce, for minimizing pre/post harvest wastage, generating employment and export growth. India's food processing sector covers a wide range of products fruit and vegetables; meat and poultry; milk and milk products, alcoholic beverages, fisheries, plantation, grain processing and other consumer product groups like confectionery, chocolates and cocoa products, Soya-based products, mineral water, high protein foods etc.

RESOURCES:

Uttarakhand comprises of total are 5672568 Hectares, of which forest area is 3485847 hectares. Fruits such as apples, oranges, pear, grapes peach, plum apricot, litchi, mangoes and guava are widely grown in the state and therefore have immense potential for development of horticultural crops and processing units. The State Government will assist in establishing small & medium size Agro Parks, Food Parks etc., which will provide common infrastructure facilities for storage, processing, grading and marketing, thus ensuring that surplus fruits and vegetables do not go waste as at present. Four Agri Export Zones have already been declared under the AEZ scheme of the Government of India for Litchi, Horticulture, Herbs, Medicinal Plants and Basmati Rice. Further, efforts will continue to promote production for export and provide access to domestic and export markets for products from the State.

GOVERNMENT POLICIES:

The Ministry of Food Processing Industries (MOFPI) is a ministry of the Government of India is responsible for formulation and administration of the rules and regulations and laws relating to food processing in India. The ministry was set up in the year 1988, with a view to develop a strong and vibrant food processing industry, to create increased employment in rural sector and enable farmers to reap the benefits of modern technology and to create a of surplus for exports and stimulating demand for processed food.

•        Custom duty rates have been substantially reduced on food processing plant and equipments, as well as on raw materials and intermediates, especially for export production.

•        Wide-ranging fiscal policy changes have been introduced progressively in food processing sector. Excise and Import duty rates have been reduced substantially. Many processed food items are totally exempt from excise duty.

•        Corporate taxes have been reduced and there is a shift towards market related interest rates. There are tax incentives for new manufacturing units for certain years, except for industries like beer, wine, aerated water using flavouring concentrates, confectionery, chocolates etc.

•        Indian currency, rupee, is now fully convertible on current account and convertibility on capital account with unified exchange rate mechanism is foreseen in coming years.

•        Repatriation of profits is freely permitted in many industries except for some, where there is an additional requirement of balancing the dividend payments through export earnings.

 

Biotechnology: Project Opportunities in Uttarakhand

PROFILE

The Biotechnology sector in India is one of the fastest growing sectors of the Indian Economy. As the sector is mainly based on knowledge, it is expected that it will play an important part in shaping the Indian Economy, which is developing at a rapid pace. The Indian Biotechnology sector holds immense potential in terms of research and development, skill and cost effectiveness. As per the eight annual survey by the Association of Biotechnology-led enterprise (ABLE) and a monthly journal, Bio-Spectrum, the sector grew threefold in five years and reported a revenue of US$ 3 billion during 2009-2011 with a 17 per cent rise as compared to the previous year.

RESOURCES

Uttarakhand is an ideal destination to invest in biotechnology-based industries because of several inherent advantages and being host to vast diversity of flora and fauna and rare species of plants and animals. A high-level biotechnology board is being setup to pursue initiatives in the field of research. The state will accord the units coming under this sector with the industry status and aims to establish an internationally competitive business infrastructure and environment for the industry in the state. Further, a biotechnology park is to be developed that will integrate resources and provide a focused institutional set up for accelerated commercial growth of bio-technology and bio-informatics. The Government is also in the process of creating an Exchange for Medicinal and Aromatic Plants to serve as a common platform for research institutions, technology developers and producers.

GOVERNMENT POLICIES:

The Uttarakhand Board of Biotechnology (UBB) will help the R&D Institutions of the State to seek funds from the national and international funding agencies / donors to upgrade the infrastructure facilities. Depending upon the need, UBB and the State Government will also try to fund R&D facilities through its own resources. The State Government undertakes to provide the following facilities/terms to the companies desirous of establishing BT units in the State:

•        BT Units including related R&D Units will enjoy the status of industry and will be eligible for incentives and concessions as provided for the relevant category/class of industry in the Industrial Policy of the State. For this purpose they shall be treated as Priority Sector Industry. Department of Biotechnology will provide The State Government undertakes to provide the following facilities/terms to the companies “single-window clearance” and shall issue only one application form to set up BT Units in the State.

•        The Government proposes to establish in association with private sector a BT Park initially at Halide, Pantnagar where land/plots would be made available to prospective entrepreneurs on favourable terms. The latter, however, are also free to choose their own sites or locate the same in the other established Industrial Areas in the State.

Hydropower: Project Opportunities in Uttarakhand

PROFILES:

Hydroelectricity is the term referring to electricity generated by hydropower; the production of electrical power through the use of the gravitational force of falling or flowing water. India was the 7th largest producer of hydroelectric power in 2008 after Norway: 114 TWh and 3.5 % the world total in 2008. The potential for hydroelectric power in India is one of the greatest in the world. Small hydropower offers a wide range of benefits-especially for rural areas and developing countries. The resource is environmentally responsible and has substantial economic advantages. Efforts also being made to improve the exchange of ideas and technology related to small hydropower. In India, small hydropower up to capacity of 25 MW also includes the mini-and-micro hydropower projects which are usually confined strictly to local use. A potential of over 15,000 MW has been identified from small hydropower and Government of India has been according top priority to SHP development as thrust area.

RESOURCES:

Uttarakhand has a large network of rivers and canals which provides an immense scope for hydro-power energy. In India, the development of Micro, Mini, and Small Hydro Power Projects started in the year 1897. One of the first hydro-power stations in India was commissioned at Galogi in 1907. More power stations were subsequently developed over a period of time. In Uttarakhand, the estimated capacity of Small hydro power projects is about 1500 MW out of total estimated capacity of 20,363 MW Uttaranchal has a hydropower potential of the order of 20236 MW against which only about 1407 MW has been harnessed so far.

GOVERNMENT POLICIES:

The Government of Uttaranchal (GoU) has decided to encourage generation of power through small hydropower sources of energy, and has framed a policy so that the development of this sector serves as an engine to achieve the objective of promoting the all-round development of the region. To encourage generation of hydropower the government of Uttarakhand has formulated and implemented policies with following objectives:

•        Creation of conducive conditions for encouraging private sector participation

•        Harnessing water resources in an environment friendly manner

•        Meeting the energy demand of the state/country

•        Promotion of the overall development of the region

•        Generation of revenue from hydro resources

 

Mineral: Project Opportunities in Uttarakhand

PROFILES:

A mineral is a naturally occurring solid chemical substance formed through biogeochemical processes, having characteristic chemical composition, highly ordered atomic structure, and specific physical properties. India is endowed with significant mineral resources. India produces 89 minerals out of which 4 are fuel minerals, 11 metallic, 52 non-metallic and 22 minor minerals.

RESOURCES:

Mineral resources of Uttarakhand play a significant role in the economy of Uttarakhand. The Chamoli district of Uttarakhand is especially famous for housing a number of mineral resources in Uttarakhand. The northern division of the district consist entirely of medium to high grade metamorphic rocks, which also contains bands of volcanic rocks in some areas; the southern division contains sedimentary and low-grade metamorphic rocks, with bands of volcanic rocks in some regions. Although much is not known about the geology of the first division of Chamoli, yet the mineral resources contain rocks such as quartzite, marble, and various types of schist and gneiss. The southern division contains rocks such as gneiss, limestone, phyllites, quartzite, sericite-biotite schist and slate.

Some of the important minerals that form a major part of the mineral resources of Uttarakhand are: Asbestos, Magnestic, Soapstone or Steatite, Copper, Iron, Graphite, Gold, Gypsum, Lead, Slate, Limestone, Building Stone, Sulfur, and Bitumen. Beside these major mineral resources, some of the other mineral resources of Uttarakhand also play a major role in enhancing the economy of Uttarakhand. Some of those mineral resources are: Antimony, Arsenic, Lignite or Brown Marble, Mica, Silver, etc.

GOVERNMENT POLICIES:

NATIONAL MINERAL POLICY, 2008

Keeping in view the long term national goals and perspective for exploitation of minerals, Government of India has revised its earlier National Mineral Policy, 1993 and came up with a new National Mineral Policy 2008. Basic goals of NMP 2008 are-

1.       Regional and detailed exploration using state of the art techniques in time bound manner.

2.       Zero waste mining

For achieving the above goals, important changes envisaged are:

•        Creation of improved regulatory environment to make it more conducive to investment and technology flows

•        Transparency in allocation of concessions

•        Preference for value addition

•        Development of proper inventory of resources and reserves

•        Enforcement of mining plans for adoption of proper mining methods and   optimum utilization of minerals 

•        Data filing requirements will be rigorously monitored

•        Old disused mining sites will be used for plantation or for other useful purposes.

•        Mining infrastructure will be upgraded through PPP initiatives

•        State PSU involved in mining sector will be modernized

•        State Directorate will be strengthened to enable it to regulate   mining in a proper way and to check illegal mining

•        There will be arms length distance between State agencies that mine  and those that regulate

•        Productivity and economics of mining operation, safety and health of workers and others will be encouraged.

Tourism: Project Opportunities in Uttarakhand

PROFILE:

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. The tourism industry in India is substantial and vibrant, and the country is fast becoming a major global destination. India’s travel and tourism industry is one of them most profitable industries in the country, and also credited with contributing a substantial amount of foreign exchange. Indian Tourism offers a potpourri of different cultures, traditions, festivals, and places of interest.

RESOURCES:

Uttarakhand - the land of gods, the home of Himalayas and truly a paradise on earth, allures everyone from everywhere. Uttarakhand is paradise for different types of adventure activities. Like River Rafting, Trekking, Skiing, Camping, Rock Climbing, Rappelling, River Crossing. Mountaineering, Paragliding and Hot Ballooning make Uttarakhand one of the most attractive destinations for adventure sports not only in the India but the world. Gangotri and Yamunotri, the sources of both the Ganges and Yamuna fall in the upper reaches of the state and together with Badrinath (dedicated to Vishnu) and Kedarnath (dedicated to Shiva) form the Char Dham, one of Hinduism's most spiritual and auspicious pilgrimage circuits. Haridwar, meaning "Gateway to God" is a prime Hindu destination. Haridwar hosts the Kumbha Mela every twelve years, in which millions of pilgrims take part from all parts of the India and the world. Rishikesh near Haridwar is known as the preeminent yoga centre of India. The state has an abundance of temples and shrines, many dedicated to local deities or manifestations of Shiva and Durga, references to many of which can be found in Hindu scriptures and legends.

GOVERNMENT POLICIES:

In order to develop tourism in India in a systematic manner, position it as a major engine of economic growth and to harness its direct and multiplier effects for employment and poverty eradication in an environmentally sustainable manner, the National Tourism Policy was formulated in the year 2002. Broadly, the Policy attempts to:-

•        Position tourism as a major engine of economic growth;

•        Harness the direct and multiplier effects of tourism for employment generation, economic development and providing impetus to rural tourism;

•        Focus on domestic tourism as a major driver of tourism growth.

•        Position India as a global brand to take advantage of the burgeoning global travel trade and the vast untapped potential of India as a destination;

•        Acknowledges the critical role of private sector with government working as a pro-active facilitator and catalyst;

•        Create and develop integrated tourism circuits based on India’s unique civilization, heritage, and culture in partnership with States, private sector and other agencies; and ensure that the tourist to India gets physically invigorated, mentally rejuvenated, culturally enriched, spiritually elevated and feel India from within.

 

Waste management and recycling: Project Opportunities in Uttarakhand

PROFILE:

Rapid industrialization last few decades have led to the depletion of pollution of precious natural resources in India depletes and pollutes resources continuously. Further the rapid industrial developments have, also, led to the generation of huge quantities of hazardous wastes, which have further aggravated the environmental problems in the country by depleting and polluting natural resources. Therefore, rational and sustainable utilization of natural resources and its protection from toxic releases is vital for sustainable socio-economic development.

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:

Investments are aimed at improving public health and the environmental quality in the Program towns and the adjacent open land and water bodies by increasing solid waste collection coverage from 50% to 72% and supporting sound solid waste disposal methods. Improvements will be directed at (i) segregation of solid waste at household level and handling and management improvements at wards and town levels with an emphasis on waste minimization, (ii) provision of solid waste collection and transportation equipment, and (iii) construction of sanitary landfills in accordance with GoI’s Municipal Solid Waste Management and Handling Rules 2000. These will develop into a State wide SWM strategy, action plan, and town wise SWM master plan reports supported by capacity building of ULBs in SWM.

GOVERNMENT POLICIES:

National policy on waste management is set out in the October 1998 policy statement on waste management- Changing our ways. It outlines the Government's policy objectives in relation to waste management, and suggests some key issues and considerations that must be addressed to achieve these objectives. The policy is firmly grounded in an internationally recognised hierarchy of options, namely prevention, minimisation, reuse/recycling, and the environmentally sustainable disposal of waste which cannot be prevented or recovered.

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Calcium Nitrate

Calcium nitrate, also called Norgessalpeter (Norwegian saltpeter), is an inorganic compound with the formula Ca (NO3)2. This colourless salt absorbs moisture from the air and is commonly found as a tetrahydrate. It is mainly used as a component in fertilizers but has other applications. Nitrocalcite is the name for a mineral which is a hydrated calcium nitrate that forms as an efflorescence where manure contacts concrete or limestone in a dry environment as in stables or caverns. Calcium nitrate is produced by applying nitric acid to limestone and then adding ammonia. It is known as a double salt, since it is comprised of two nutrients common in fertilizers which are high in sodium. The processed result also looks crystallized like salt. Calcium Nitrate is a colorless anhydrous salt that is used as a fertilizer, among other applications. Calcium nitrate is obtained by treating limestone with weak nitric acid. It is also formed during the absorption of nitrogen oxide by milk of lime. Calcium Nitrate is also used in wastewater treatment, as a component in the manufacture of concrete, for medicinal purposes in cooling baths, and to store energy in solar power plants. Calcium nitrate is mainly produced as a fertilizer, used for plant nutrition purposes, and for wastewater treatment. It is a source of both calcium and nitrogen, for plants. Calcium nitrate is actively used to suppress the formation of odor in sewer networks and municipal wastewater treatment. The foul odor emanates primarily due to the release of hydrogen sulfide. Hydrogen sulfide production in sewers is associated with corrosion of concrete and metals, operational problems in wastewater treatment plants (WWTP), as well as with hygiene and odor problems. Global Calcium Nitrate Market is projected to cross USD 11.0 billion by 2023, at a CAGR of over 5% during the forecast period. Demand for calcium nitrate is largely driven by high consumption of calcium nitrate fertilizers in emerging economies in Asia Pacific and Latin America.
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Calcium Nitrate

Calcium nitrate, also called Norgessalpeter (Norwegian saltpeter), is an inorganic compound with the formula Ca (NO3)2. This colourless salt absorbs moisture from the air and is commonly found as a tetrahydrate. It is mainly used as a component in fertilizers but has other applications. Nitrocalcite is the name for a mineral which is a hydrated calcium nitrate that forms as an efflorescence where manure contacts concrete or limestone in a dry environment as in stables or caverns. Calcium nitrate is produced by applying nitric acid to limestone and then adding ammonia. It is known as a double salt, since it is comprised of two nutrients common in fertilizers which are high in sodium. The processed result also looks crystallized like salt. Calcium Nitrate is a colorless anhydrous salt that is used as a fertilizer, among other applications. Calcium nitrate is obtained by treating limestone with weak nitric acid. It is also formed during the absorption of nitrogen oxide by milk of lime. Calcium Nitrate is also used in wastewater treatment, as a component in the manufacture of concrete, for medicinal purposes in cooling baths, and to store energy in solar power plants. Calcium nitrate is mainly produced as a fertilizer, used for plant nutrition purposes, and for wastewater treatment. It is a source of both calcium and nitrogen, for plants. Calcium nitrate is actively used to suppress the formation of odor in sewer networks and municipal wastewater treatment. The foul odor emanates primarily due to the release of hydrogen sulfide. Hydrogen sulfide production in sewers is associated with corrosion of concrete and metals, operational problems in wastewater treatment plants (WWTP), as well as with hygiene and odor problems. Global Calcium Nitrate Market is projected to cross USD 11.0 billion by 2023, at a CAGR of over 5% during the forecast period. Demand for calcium nitrate is largely driven by high consumption of calcium nitrate fertilizers in emerging economies in Asia Pacific and Latin America.
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Sodium Aluminate

Sodium aluminate is an inorganic chemical that is used as an effective source of aluminium hydroxide for many industrial and technical applications. Pure sodium aluminate (anhydrous) is a white crystalline solid having a formula variously given as NaAlO2, NaAl(OH)4 (hydrated),[2] Na2O•Al2O3, or Na2Al2O4. Commercial sodium aluminate is available as a solution or a solid. Other related compounds, sometimes called sodium aluminate, prepared by reaction of Na2O and Al2O3 are Na5AlO4 which contains discrete AlO45? anions, Na7Al3O8 and Na17Al5O16 which contain complex polymeric anions, and NaAl11O17, once mistakenly believed to be ?-alumina, a phase of aluminium oxide. Sodium aluminate is widely used in water and wastewater treatment industry within the scope of the globe, rapidly spread of paper making industry, cement, concrete and titanium dioxide industry, and many others.
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Chelated Zinc (Zn-EDTA)

Chelated zinc is divided into two main types: organic acids and amino acids. The organic acids that are usually attached to zinc include picolinic acid, orotic acid, citric acid and gluconic acid. Amino acids that are commonly attached to zinc include methionine, monomethionine and aspartic acid. Zinc contributes to healthy skin. It also supports cell growth and DNA formation. It exerts antioxidant activity and can support a healthy immune system. The patented chelated form of zinc in this formulation helps to promote optimal absorption. Chelated Zinc EDTA fertilizer is compatible with other fertilizers and nutrients and is ideal for maintenance application before deficiency appears. Chelated Zinc EDTA is highly efficient and available to support plant growth.
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Softy Ice Cream

The Global Ice Cream Market was valued at $68,072 million in 2016, and is projected to reach $97,301 million by 2023, registering a CAGR of 5.4% from 2017 to 2023. Ice cream is dairy product, which is sweetened with either natural sugar or artificial sweeteners. Various ice creams are provided by the companies present in the market, including hard ice cream, soft ice cream, light ice cream, low-fat ice cream, and others. Summer is an undisputed season for the consumption of ice cream and related products.
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Disperse Dye

Disperse dyes are commonly used to dye in two ways, namely high temperature and pressure method and the hot-melt method. The so-called high temperature and pressure method is actually that the temperature is only 130 ?, and the pressure is only 0.2MPa (gauge pressure). Disperse dyes are the only water-insoluble dyes that dye polyester and acetate fibers. Disperse dye molecules are the smallest dye molecules among all dyes. Disperse dyes is a class of non-ionic dye, which has low water solubility and exists in water primarily in a highly dispersed state by means of the effect of the dispersing agent in the process of dyeing. It is mainly used for dyeing polyester fibers. The chemical structure of most disperse dyes belong to monoazo type, which accounts for about 80% of all the disperse dyes. Disperse dyes are finely ground water-insoluble dyes that are mainly used for dyeing synthetic textiles. The thriving textile industry across the globe and vast technological advances observed in the field of paints and coatings have collectively been boosting the global demand for disperse dyes in the past few years. Disperse dyes can be segmented into three basic types: low energy disperse dyes, medium energy disperse dyes, and high energy disperse dyes. The low energy variety possesses low sublimation fastness, low polarity, low molecular weight, and high dyeing rate. Disperse dyes are synthetic in nature and are far less water-soluble. Dye material is finely grounded in the form of paste or a powder. Disperse dyes are generally used with dye bath solutions in which dispersing agents are employed to increase the water solubility of the dye. Disperse dyes are finely ground water-insoluble dyes that are mainly used for dyeing synthetic textiles. The thriving textile industry across the globe and vast technological advances observed in the field of paints and coatings have collectively been boosting the global demand for disperse dyes in the past few years.
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Magnesium Powder (Light)

A great tasting magnesium powder which may help relieve muscle cramps & spasms and support energy production during exercise. Magnesium Powder combines a highly bioavailable form of magnesium with a range of other ingredients including amino acids and B vitamins. Formulated to support muscle function & repair plus energy production during exercise, making it a great choice for people who exercise regularly.
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Garden Tools & Fencing Accessories

Garden tool is any one of many tools made for gardens and gardening and overlaps with the range of tools made for agriculture and horticulture. Garden tools can also be hand tools and power tools. Garden tools have evolved a lot over the years, from the digging sticks of antiquity to today's highly specialized tools. Every season brings new garden gadgets and buying them can become addictive. The global gardening tools market is estimated to be valued at over US$ 4,200 Mn in 2017 and is estimated to be valued at nearly US$ 5,380 Mn by 2025. The gardening tools market is anticipated to create total incremental opportunity of US$ 1189.8 Mn between 2017 and 2025. A garden tool is any one of many tools made for gardens and gardening and overlaps with the range of tools made for agriculture and horticulture. In terms of revenue, the lawn mowers segment dominated the market and will continue to lead the market in the coming years.
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Cricket Ball and Bat Manufacturing

Cricket Ball A cricket ball is a hard, solid ball used to play cricket. In men's cricket the ball must weigh between 5.5 and 5.75 ounces (137.5 and 143.8 g) and measure between 8 13/16 and 9 in (220 and 225 mm) in circumference. A cricket ball is a hard, solid ball used to play cricket. A cricket ball consists of cork covered by leather, and manufacture is regulated by cricket law at first-class level. The manipulation of a cricket ball, through employment of its various physical properties, is a staple component of bowling and dismissing batsmen. Movement in the air, and off the ground, is influenced by the condition of the ball. A cricket ball is made from cork strips and a tightly wound string. It is then covered by a leather case with a slightly protruding seam. The outer layer of a ball, which is covered by the highest quality leather, is cut into four pieces. Cricket ball industry is on firm footing looking to the internal and increase in export demand, there is a good scope for starting new manufacturing units in different parts of the country. About 90 units at Meerut, Jalandhar and other places are engaged in the manufacturing of cricket balls each employing 10 to 30 workers. The production is about 180 thousand dozens per year valued more than Rupees 300 lakhs. Cricket Bat A cricket bat is a specialised piece of equipment used by batsmen in the sport of cricket to hit the ball, typically consisting of a cane handle attached to a flat-fronted willow-wood blade. The length of the bat may be no more than 38 inches (965 mm) and the width no more than 4.25 inches (108 mm). Cricket bats are the specialized equipment used by the cricket players. Cricket bats may come in different sizes but the length of the cricket bat may be no more than 38 inches and the width no more than 4.25 inches. Cricket Bats are used by professional, Club, and beginner’s batsman. The cricket bats are made for different style of play. The global cricket equipment market will grow steadily over the next four years and post a CAGR of more than 3% by 2021. This market research analysis identifies the consumers’ shift towards healthy lifestyles as one of the key growth factors for the global cricket equipment market. The recent years witnessed a gradual shift in the preference of consumers toward active and healthy activities to compensate the hectic and sedentary lifestyles. Additionally, the rapid growth in the number of illnesses is also influencing people to opt for physical activities to remain healthy. Due to the health benefits such as wellness and stress relief associated with sport activities, there is a rising number of people participating in sports such as football, cricket, and running.
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Furnace Oil

Furnace oil is a dark colored fuel, either distilled or residual fraction of crude oil that is extracted while petroleum distillation and is used for the purpose of generation heat and power. This fuel is sticky, thick and glutinous in nature. Furnace oil is known by the name of fuel oil internationally and also as bunker fuel. The fuel oil consists of lengthy chains of hydrogen and carbon mainly alkanes, cycloalkanes and aromatics. Basically furnace oil is termed for relatively heavier commercial extracts from crude oil. Fuel oil (also known as heavy oil, marine fuel or furnace oil) is a fraction obtained from petroleum distillation, either as a distillate or a residue. In general terms, fuel oil is any liquid fuel that is burned in a furnace or boiler for the generation of heat or used in an engine for the generation of power, except oils having a flash point of approximately 42°C (108°F) and oils burned in cotton or wool-wick burners. Furnace oil is largely an industrial fuel. It acts as a key ingredient in the generation of electricity and heat in a number of production units. It has been used since a long time for such purposes and has gained much importance and inevitable value. Fuel oil comes under the category of the heavier oils that include furnace oil, low sulfur heavy stock, residual fuel oil, lube oil, bitumen, petroleum coke, paraffin wax and other waxes which can be extracted from crude oil.
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Information
  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.

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