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

Mineral: Project Opportunities in West Bengal

PROFILE:

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 one of the world's most naturally endowed lands. India is home to numerous minerals which benefit the country economically. The minerals produced in India constitute one-quarter of the world's most popular mineral resources.

RESOURCES:

West Bengal stands third in the country in terms of mineral production. The state contributes about one-fifth to the total production of minerals in the country. Coal constitutes 99% of the minerals extracted in West Bengal; fireclay, china clay, limestone, copper, iron, wolfram, manganese and dolomite are mined in small quantities. There are good possibilities of obtaining mineral oil and natural gas in the areas near the Bay of Bengal.

West Bengal is the third largest state for coal production, accounting for about half of India's total. Lignite mined in Darjeeling is used to make briquettes. West Bengal ranks next to Bihar and Madhya Pradesh in production of fireclay. China clay used in the pottery, paper, textile, rubber and paint industries are unearthed at Mohammad Bazar in Birbhum and Mejia in Bankura. Limestone which is used in cement industry is mined in Bankura, Purulia, Darjeeling and Jalpaiguri. There are copper mines in Jalpaiguri and Darjeeling. Small quantities of low quality iron-ore are mined in Bardhaman, Purulia, Birbhum and Darjeeling. There are manganese in the Jhargram region of Paschim Medinipur, Purulia and Bardhaman. The state’s production of dolomite comes from the Dooars region of Jalpaiguri.

GOVERNMENT POLICIES:

Keeping pace with the liberalised Mineral Policy being adopted by the Government of India, Government of West Bengal has formulated its Mineral Policy in 2002. Among the basic objectives of the West Bengal Mineral Policy, 2002 following are worth mentioning:

1. To review the existing State monopolies over mineral exploration and wherever required, go in for selective de-reservation.

2. To invite private capital, resources and technology, both foreign and domestic, for better exploration and exploitation;

3. To promote necessary linkages for smooth and uninterrupted development of mineral based industries to meet the needs of the State.

4. To ensure proper vigilance and supervision of mining activities with particular emphasis on simplification of procedures and greater generation of revenues from mineral resources.

5. To develop industry friendly facilities in specific minerals like, Coal, Granite and China Clay and in Natural gas like Coal bed Methane.

 

Iron and Steel: Project Opportunities in West Bengal

PROFILE:

India has one of the richest reserves of all the raw materials required for the industry, namely land, capital, cheap labour, iron ore, power, coal etc. Yet India is 5th in the world ranking for production of steel. Iron and steel is basis for laying the vibrant Indian industry. Production of steel has come to exist as an index of a country's potential, industrial and economic growth. The making of iron and steel had been known to the people of India since long. The iron pillar of Delhi is a proof of it and speaks of the quality of steel produced in this country in ancient times. The steel industry is often considered to be an indicator of economic progress, because of the critical role played by steel in infrastructural and overall economic development. The per capita usage of steel gives an indication of the technological advancement of a nation.

RESOURCES:

The growth of steel industry in the State is largely related to the proximity of raw materials, skilled manpower, port facilities and the vast market for steel products. Given these location advantages, large numbers of mini integrated steel plants have already been set up in the state manufacturing a wide range of products such as sponge irons, mild steels, iron pipes etc. The neighbouring Eastern States of India viz. Jharkhand, Orissa and Chattisgarh are endowed with huge iron ore reserves along with cooking coal and non-cooking coal. The establishment of Bengal Iron Works at Kulti in Burdwan district of West Bengal in 1870 where the first commercial blast furnace was set up in 1875 heralded the commencement of this industry in the State.

The easy availability of power, competitive rates of freight, close proximity to areas with natural resources relevant to the industry, and labour force traditionality skilled in operating iron and steel units are factors that have influenced the surge in investment in this sector.

GOVERNMENT POLICIES:

Under the new industrial policy, iron and steel has been made one of the high priority industries. Price and distribution controls have been removed  as well as foreign direct investment up to 100% (under automatic route) has been permitted.  The Trade Policy has also been liberalized and import and export of iron and steel is freely allowed with no quantitative restrictions on import of iron and steel items. Tariffs on various items of iron and steel have drastically come down since 1991-92 levels and the government is committed to bring them down to the international levels.  With the abolishing of price regulation of iron and steel in 92, the steel prices are market determined. The policy devises a multi-pronged strategy to achieve these targets with following focus areas; removal of supply constraints especially availability  of critical inputs like iron ore; improve cost competitiveness by expanding and strengthening the infrastructure in roads, railways, ports and power; increase exports; meet the additional capital requirements by mobilizing financial resources; promote investments by removing  procedural delays. In addition the policy also addresses challenges arising out of environmental concerns, human resource requirements, R&D, volatile steel prices and the secondary sector. 

 

Leather: Project Opportunities in West Bengal

PROFILE:

Leather Industry occupies a place of prominence in the Indian economy in view of its massive potential for employment, growth and exports. There has been increasing emphasis on its planned development, aimed at optimum utilisation of available raw materials for maximising the returns, particularly from exports.  The Indian leather sector meets 10% of global finished leather requirement. The leather industry is spread in different segments, namely, tanning & finishing, footwear & footwear components, leather garments, leather goods including saddlery & harness, etc.

RESOURCES:

West Bengal has been functioning as a vast raw material resource base for the leather industry in the form of hides and skins. However, Indian leather export has undergone a transition from the export of raw hides and skins in the fifties to value added finished leather in the nineties. In the context, leather processing industries in West Bengal needed a strong structural support and proposal was mooted for setting up an eco-friendly complex near Calcutta with modern technical and training facilities. In this full scale integrated leather complex, facilities for leather-finishing, computer-aided design centres, modern training centre for up gradation are also being provided. This mega complex will also have manufacturing units to produce footwear uppers, finished foot wears, leather goods and garments to catering to the expanding domestic and export markets. The availability of a wide range of cost effective leather chemicals with consistent quality is crucial for the success of such a mega complex. Entrepreneurs can set up manufacturing units in the mega complex for both tanning chemicals and post-tanning chemical auxiliaries.

 

GOVERNMENT POLICIES:

Government policies in support of the industry are:

• The entire leather sector is now de-licensed and de-reserved, paving way for expansion on modern lines with state-of-the art machinery and equipment

• 100% Foreign Direct Investment and Joint Ventures permitted through the automatic route

• 100% repatriation of profit and dividends, if investments made in convertible foreign currency. Only declaration to this effect to the Reserve Bank is required.

• Promotion of industrial parks (one leather park in Andhra Pradesh, one leather goods park in West Bengal, one footwear park in Tamil Nadu and one footwear components park in Chennai).

• Funding support for modernizing manufacturing facilities 

• Funding support for establishing design studios

• Duty free import of raw materials (namely raw skins, hides, semifinished leather and finished leather) and of embellishments and components under specific scheme

• Concessional duty on import of specified machinery for use in leather sector

• Duty neutralization / remission scheme 

 

Petrochemicals: Project Opportunities in West Bengal

PROFILE:

The petrochemical industry in India has been one of the fastest growing industries in the country. Since the beginning, the Indian petrochemical industry has shown an enviable growth rate. This industry also contributes largely to the economy of the country and the growth and development of manufacturing industry as well. It provides the foundation for manufacturing industries like construction, packaging, pharmaceuticals, agriculture, textiles etc.    

RESOURCES:

The state of West Bengal accounts for almost 4% of India’s production of petroleum products and 13% of India’s polymer production. The production has almost doubled in the last decade. Crude throughput at Haldia refinery increased to 5,502 million tones and its capacity utilization increased to 91.7% during 2005-06.

The growth of the Petrochemical sector has been very impressive both in terms of units set up and investment volume. The main reason for the recent growth of this industry is due to upstream and downstream industry linkages by the oil refining and petrochemical units set up in the state. The industry is due to receive a further fillip with the announcement of US$ 1 billion gas pipeline project to bring natural gas in the state. Haldia Petrochemicals Ltd. is India’s second largest integrated petrochemical complex. Currently producing 1.5 million tons of polymers and chemicals and has grown significantly to its present turnover of US$ 1.4 billion.

GOVERNMENT POLICIES:

The major thrust areas of the policy are:

•        Encourage public sector companies & nationalized banks to enter the capital market to raise resources & offer new investment avenues.

•        Invite & encourage private sector investment in these industries in order to accelerate growth.

•        Set up Petroleum, Chemical & Petroleum Investment Regions (PCPIR) in the state to promote investment on a global scale.

•        Foreign Technology investments will be invited in the petrochemical industries.

•        Encourage Foreign Equity participation in the petrochemical industries.

 

Food Processing: Project Opportunities in West Bengal

PROFILE:

Indian food processing industry is widely recognized as a 'sunrise industry' having huge potential for uplifting agricultural economy, creation of large scale processed food manufacturing and food chain facilities, and the resultant generation of employment and export earnings. The food processing sector in India is geared to meet the international standards. Food Safety and Standards Authority of India has the mandate to develop standards and also to harmonise the same with International Standards consistent with food hygiene and food safety requirement and to the conditions of India's food industry.

RESOURCES:

West Bengal is one of the three front running states in India in food and agro processing sector. Fruits, vegetables and cereals grow in abundance in West Bengal. The state accounts for 30% of potatoes, 27% of pineapples, 12% of bananas and 16% of India’s rice production. Additionally fruits like mangoes, papaya, guava and jackfruit and vegetables like tomatoes, cauliflowers, cabbage, brinjal, pumpkin, are available in plenty.

West Bengal is the largest producer of rice, pineapple, vegetables and fruits in the country and second largest producer of potatoes and lychees. It ranks 1st in total meat production (including poultry) in the country and accounts for 10% of the country’s edible oil production. It is a substantial producer of spices, coconut, cashew nut, arecanut, betel vine and oilseeds. West Bengal is also one of the leading states in pisciculture since it the largest producer of fish.

GOVERNMENT POLICIES:

Agro & Food Processing Industries form a very important part of the State’s economy. The West Bengal Government is setting up a number of policies & plans to focus on the selected areas like vegetables, fruits, fisheries, rice, poultry, dairy & floriculture. The major thrust areas of the policy are:

•        Increase agricultural production & productivity vertically through wider adoption of appropriate eco-system-specific & cost effective technology.

•        Bring more area under High Yielding Variety (HYV), hybrid & improved varieties of crops.

•        Emphasize increase production of pulses & oil seeds in non-traditional areas & non-conventional seasons.

•        Create employment opportunities in this sector to improve the socio-economic status of the farmers & also to remove sub-regional disparity.

•        Extending soil-testing facilities up to district level for proper use of fertilizer.

•        Post-harvest technology for reducing loss & better marketability.

•        Bring cultivable waste land & fallow land under cultivation.

•        Application of low cost technology for increasing production & productivity.

•        More money involvement in agriculture.

•        Encourage private entrepreneurship for processing of fruits, vegetables & horticultural items.

•        Promote floriculture parks & flower complexes in the state.

•        Other Business Process, knowledge Process and Engineering Process Outsourcing services

The State Government is encouraging the farmers for mechanization through the use of modern agricultural implements & machines for timely farm operation & reduction in the cost of cultivation.

 

Textiles: Project Opportunities in West Bengal

PROFILES:

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 fibre and yarn production.

RESOURCES:

The textile industry of Kolkata plays a significant role in the economy of the capital city of the state of West Bengal. West Bengal has traditionally been a major producer of cotton textile as well in the country. Jute textile manufacturing is the most prominent industry in West Bengal due to availability of raw jute in the state. At present there are 59 Jute mills in West Bengal. Main jute products are Hessian, sacking, jute bags, and other items produced by jute. Most of the jute mills are located on the banks of river Hooghly near Kolkata. West Bengal is the leader and pioneer in the country for the manufacturing of Jute textiles. Hosiery industry in West Bengal has a huge grow potential as Bengal was the birthplace of hosiery industry in India.

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, 1995 Government 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.

 

Biotechnology: Project Opportunities in West Bengal

PROFILE

The Indian biotechnology sector is one of the fastest growing knowledge-based sectors in India and is expected to play a key role in shaping India's rapidly developing economy. With numerous comparative advantages in terms of research and development (R&D) facilities, knowledge, skills, and cost effectiveness, the biotechnology industry in India has immense potential to emerge as a global key player. Biopharma and bioservices sectors contributed 63 per cent and 33 per cent, respectively, to the total biotech exports. The bioagriculture, bioindustrials and bioinformatics sectors remained focussed on domestic operations, bringing in nearly 90 per cent of their revenues from India.

RESOURCES

West Bengal has a vast knowledge base with few of the premiers institutes of India located here.          Presence of Kharagpur IIT which over the years have done path breaking research in this sector is a major resource of biotechnology development. It has rich bio diversity, characterized by several species of medicinal & aromatic plants and diverse agro climatic zones. A matrix of 75 deliverable products is ready for commercialization in the agro and medical sector. Increase awareness among people about the adverse side effects of synthetic drags.

GOVERNMENT POLICIES:

The state has been putting efforts to facilitate the growth of biotech industries and development of clean biotech technologies. The various key initiatives under this section include:

•        Conserve bio-diversity through mapping and sustainable use of bio-resources.

•        Create a "Centre of Excellence for Biotechnology" as a high quality support service to Biotech Industries.

•        Facilitate the flow of venture capital funds and bank credit to Biotech companies.

•        Spread general awareness for optimum utilisation of Biotechnology in the agriculture sector.

 

Automobile and auto components: Project Opportunities in West Bengal

PROFILE:

The Indian auto industry has the potential to emerge as one of the largest in the world. Presently, India is second largest two wheeler markets in the world, fourth largest commercial vehicle market in the world. 11th largest passenger car in the world and is expected to be the seventh largest market by 2016. The growth is a reflection of the emergence of India as a global automobile hub with almost all global auto makers having set up plants in India to cater mainly to the domestic market, as also the export market. The Indian auto component industry has kept pace with technological developments and is today catering not only to OEM and Tier I auto makers in India but abroad as well. Many Indian auto part makers have today also succeeded in emerging as the supplier of choice to global auto majors.

RESOURCES:

West Bengal has traditionally been very strong in the engineering industries and has been an important manufacturing base in the past. West Bengal’s Hindustan Motors was one of the pioneers by commencing production of vehicles in the state in the year 1948. Recently it has collaborated with Mitsubishi Company of Japan to diverse into a wide range of cars and manufactures everything related to automobile industry like trekkers, trucks, and also luxury cars like Mitsubishi Lancer and touching a consolidated net sale of US$ 233.47 million in the last fiscal year. West Bengal realizing this huge potential in this sector has geared up with appropriate plans and policies to boost this sector. Also it has got certain inherent competitive advantages since the state is located in the heart of India’s steel and manufacturing cluster.

 

GOVERNMENT POLICIES:

A number of policy initiatives have been taken by the government to facilitate the automotive industry. These include:

•        Permitting 100% FDI in this sector & removal of minimum capital investment norm for fresh entrants.

•        Establishing an international hub for manufacturing small, affordable passenger cars & a centre for manufacturing two-wheelers.

•        Conducting incessant modernization of the industry & facilitate indigenous design, research & development.

•        Leveraging State’s software technology into automotive technology wherever relevant.

•        Encouraging development of vehicles propelled by alternate energy sources.

•        Development of domestic safety & environmental standards at par with the international standards.

•        Emphasis on low emission fuel auto technologies & availability of appropriate auto fuels.

The State is also encouraging dynamic investment in the sector to create an environment for volume production & indigenous capability for small cars & auto parts.

 

Tea: Project Opportunities in West Bengal

PROFILE:

Tea is indigenous to India and is an area where the country can take a lot of pride. This is mainly because of its pre-eminence as a foreign exchange earner and its contributions to the country's GNP. In all aspects of tea production, consumption and export, India has emerged to be the world leader, mainly because it accounts for 31% of global production. It is perhaps the only industry where India has retained its leadership over the last 150 years. Tea production in India has a very interesting history to it. The range of tea offered by India - from the original Orthodox to CTC and Green Tea, from the aroma and flavour of Darjeeling Tea to the strong Assam and Nilgiri Tea- remains unparalleled in the world.

RESOURCES:

West Bengal is the second largest tea growing state in the countryl contributing almost 21% of the total production in the country. There are three tea-growing zones in the state;       Darjeeling,          Terai and Dooars. Darjeeling tea is considered to be the finest in the world. There are 343 tea gardens in West Bengal covering 1,03,950 hectares planted area. Some of the major players in the Tea industry in West Bengal include Tata Tea Ltd, James Finlay & Company. Both of them together are representing world’s second largest global branded tea operations with product and brand presence in over 50 countries. Goodricke Group Ltd. (GGL) a part of the UK-based Cammelia Plc, the world’s single largest tea producer in the private sector. In India it is the third largest tea producer and the leading producer of Darjeeling tea.

GOVERNMENT POLICIES:

The tea industry in India is highly regulated. It requires licenses for its import or export. While The Tea Act, 1953 controls production and distribution activities, the Tea (Marketing) Control Order, 2003 regulates tea sales and stipulates that a defined percentage of tea produced from each garden be sold through the auction system. In addition to this central cess, States also levy sales tax on sale of tea. Profits from production and sale of tea are subject to agricultural income tax by the states. Thus, the residual income after paying corporate tax is taxed again. This tax is levied on profits accruing to gardens located in respective state. 100% foreign direct investment (FDI) in tea industry is permitted subject to compulsory divestment of 26% equity of the company in favour of an Indian partner / Indian public within five years from the date of investment.

 

Tourism: Project Opportunities in West Bengal

PROFILE:

Tourism has become an important industry in many countries of the world, both in the east and the west. Various initiatives are being taken by the Government and other organizations to promote tourism here. 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. India's rich history and its cultural and geographical diversity make its international tourism appeal large and diverse. It presents heritage and cultural tourism along with medical, business and sports tourism. India has one of the largest and fastest growing medical tourism sectors.

RESOURCES:

West Bengal has the widest variety of attractions in terms of tourist spots from the bustling Kolkata Megapolis with its historical and modern charms, to the zones of tranquillity like the Himalayan terrain in the north to the Sunderbans in the south. The state is endowed with all the diversities of nature that is a tourist’s dream. From the arid Chhota Nagpur plateau region in the west, forests in the north and south, mountains in the north, sea beaches in the south and rivers crisscrossing the whole of the state the varied panorama offers the discerning traveller a very wide choice and caters to the requirements of varied travel segments. More specifically, the snow capped peaks of the Himalayas, Darjeeling, referred by many as the Queen of the Hill Stations, the Darjeeling Himalayan Railway declared as a World Heritage Site, the vast tea estates of the Dooars, the famed Royal Bengal Tiger of Sunderbans, the innumerable historical landmarks of India’s and Bengal’s glorious history are all wonders for the prospective tourists.

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: Project Opportunities in West Bengal

PROFILE:

Waste management is the collection, transport, processing or disposal, managing and monitoring of waste materials. The term usually relates to materials produced by human activity, and the process is generally undertaken to reduce their effect on health, the environment or aesthetics. Waste management is a distinct practice from resource recovery which focuses on delaying the rate of consumption of natural resources. The management of wastes treats all materials as a single class, whether solid, liquid, gaseous or radioactive substances, and tried to reduce the harmful environmental impacts of each through different methods.

RESOURCES:

There are 609 hazardous waste generating units in West Bengal. Amongst the nineteen districts of the state, two districts (Darjeeling and South Dinajpur) do not generate hazardous waste. The total quantum of hazardous waste generation from West Bengal is 2,59,776.24 metric tonnes per annum. (MTPA), out of which 46 per cent (1,20,596.41 MTPA) is landfillable, 49 per cent (1,26,596.38 MTPA) is recyclable and the remaining 5 per cent (12,583.45 MTPA) is incinerable by nature. Interestingly, it was observed that the majority of hazardous waste generating units in the state is small and is generating meagre quantity of waste, whereas the units generating substantial amount of hazardous wastes are limited in number.

 

GOVERNMENT POLICIES:

The Central Government notified the Municipal Solid Wastes (Management & Handling) Rules 2000 under Sections 3, 6 and 25 of the Environment (Protection) Act 1986 for the purpose of managing municipal and urban wastes/garbage in an environmentally sound manner. Government of West Bengal are the nodal agencies for technical guidance and preparation of project report for the development of municipal solid waste management plan for the municipal authorities situated within Kolkata Metropolitan Area (KMA) and Non-KMA areas respectively. 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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Profitable Business of Stone Plastic Composite (SPC) Flooring Tiles

SPC, also known as solid polymer core for flooring tiles, is a firm core formed primarily of limestone with a mixture of polyvinyl chloride and stabilisers used in vinyl flooring. It is denser as a result of the 75 percent limestone core fused together with a 25% PVC core. SPC stiff cores are used in modular vinyl flooring to provide dimensional stability and rigidity. Because of its high limestone content, SPC is highly dense, durable, and resistant to impact and indentation. Stone plastic composite is resistant to cupping and peeling since it is watertight. It can be used in laundry rooms, restrooms, basements, kitchens, and other places where there is a need for organisation. SPC rigid core vinyl flooring is installed using a floating interlocking technique. It's low-maintenance and long-lasting, making it ideal for commercial flooring with a lot of foot activity. The elastic SPC core is coated with a decorative and protective UV coating to create stunning and durable flooring. SPC flooring is environmentally friendly, has no formaldehyde, is waterproof, and may be used in a variety of applications. It also offers excellent anti-skid properties, a pleasant foot sensation, and is akin to real wood flooring. It's also wear-resistant, has a long service life, is fire and flame resistant, and can be used for geothermal, heat preservation, and energy conservation. The global Stone Plastic Composite Flooring market was valued at USD 24.00 billion in 2020, and it is expected to rise at a CAGR of 14.26% to USD 27.35 billion in 2021, before reaching USD 53.44 billion by 2026. The growing number of construction activities and the construction industry around the world, as well as the easy availability of an affordable and rigid product, are some of the major and impactful factors that would likely augment the growth of the stone plastic composite flooring market. Few Indian Major Players 1. Aalishaan Structure & Interiors Pvt. Ltd. 2. Marvel Vinyls Ltd. 3. Responsive Industries Ltd.
Plant capacity: Stone Plastic Composite (SPC) Flooring Tiles 3,000 Sq,mtr Per DayPlant & machinery: Rs. 408 Lakhs
Working capital: -T.C.I: Cost of Project: Rs. 1011 Lakhs
Return: 28.00%Break even: 65.00%
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Production Industry of Men’s Undergarment (EOU)

Underwear is a type of clothing that is worn beneath other garments and is frequently worn next to the skin. They help to keep sweat off your gear. They also aid in the formation of the body and provide support for various body parts, as well as keeping the wearer warm in cold conditions. Underwear can be used to protect a person's modesty while still making them look sexy. Some types of undergarments are associated with religious significance. Some items, such as T-shirts and certain types of shorts, are intended to be worn just as underwear, while others, such as T-shirts and certain types of shorts, can be worn as both underwear and outerwear. If the correct fabric is utilised, some types of underwear can be used as nightwear or swimwear. Underwear is one of the most private and personal decisions in menswear because only a few people will see it. It's worn all day, every day, right next to the skin. As a result, while many men prefer one sort of underwear over another, it's more practical to pick a style based on the day's activities. The global men's underwear market is estimated to exceed US$ 16.5 billion in sales by the end of 2027, growing at a CAGR of 5.8% over the forecast period (2020-2027). Because of the rising prevalence of organised retail around the world, the market for men's underwear is expected to grow. The market for men's underwear is expected to grow as disposable income rises and the metrosexual male population spends more on fashionable items. Rising demand for underwear as a need and for comfort is expected to help the men's underwear industry grow. The hosiery industry is a long-standing textile industry with enormous domestic and worldwide market potential. Because of its multiple advantages, the market for hosiery underwear is rising. Cotton underwear is popular among people from all walks of life because of its great absorbency, inexpensive cost, and widespread availability. People wear these foundation garments all year round in a range of weather conditions. The marketing of high-quality knitted underwear is expected to be uncomplicated. Few Indian Major Players 1. Bodycare International Ltd. 2. Dollar Industries Ltd. 3. J C Penney Services India Pvt. Ltd. 4. Seeds Intimate Apparel India Pvt. Ltd. 5. Shakthi Knitting Pvt. Ltd. 6. Triumph International (India) Pvt. Ltd.
Plant capacity: Men's Briefs 10,000 Pcs Per Day Sports Briefs 10,000 Pcs Per Day Men's Boxers 10,000 Pcs Per DayPlant & machinery: Rs. 239 Lakhs
Working capital: -T.C.I: Cost of Project: Rs. 1656 Lakhs
Return: 27.00%Break even: 52.00%
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Profitable Business Industry of EV Charging Stations.

Electric vehicle charging station business opportunity is one of the pinnacle business models worldwide. As EVs turn out to be an extra regular on the road, many startups and entrepreneurs are interested in beginning an EV charging station commercial enterprise. With the augmented mindfulness of the environment and the introduction of electric cars (along with e-cars and e-scooters), electric car charging stations are on the list of some top enterprise opportunities in many countries for the last decade. When thinking about an EV charging commercial enterprise version, it’s essential to understand which models will be simplest for the kind of visiting driver and the kind of location/enterprise where the charging stations may be established, in addition to the typical expenses incurred. The method that an entrepreneur or startup takes is important because flexibility and scalability are clearly important for this kind of new and fast-paced industry. The budget of beginning an EV charging station could be very less compared to other business setups. Consequently, the cost of starting EV stations involves only the installation fee which consists of the price of chargers, power, software program, infrastructure, marketing, manpower, and maintenance. Is It Profitable To Start An EV Charging Business? EV charging stations and public charging setup enterprises are some of the finest enterprise opportunities. Even though the client category still predates and relies upon the conventional auto industry, EV vehicle enterprise is the next generation choice. Aside from this, state governments provide extra advantages, like exemption on street tax, registration charges, stamp duty, electricity tax, and many others. It is comprehensible that increased trade of such vehicles will demand an extra number of charging points. The range of electric vehicles running on the roads is significantly greater than the wide variety of EV fee stations at the roads. Market Growth of EV Charging stations In recent years, the demand for electric cars is increasing unexpectedly internationally. Though, China and the USA are keeping the principal market proportion for the same. For the reason that demand for EVs is increasing, hence the electric charging industry is likewise driving. Governments globally are contributing in the direction of putting in the charging stations. For example, the Chinese government authorities have accepted the improvement of fast-charging stations by the national policies. Furthermore, in the USA, the government is presenting all its support and funds to broaden EV charging stations. Such active help through government groups is likely to increase the marketplace for charging stations at some stage in the forecast duration. The worldwide electric automobile Charging Station market is predicted to grow from 27 billion in 2020 to $129.07 billion by 2027, at a CAGR of 10.1%. Elements along with growing demand for energy-efficient commuting, governments associating electric-powered vehicles, and their charging infrastructure through preferential rules, subsidies, and tax rebates have caused a developing call for this section in conjunction with the fact that in the subsequent 2 decades, many governments around the world have introduced plans to phase out fossil gas cars from the market. The Driving Factors One of the most critical elements driving the Electric Vehicle Charging Station marketplace is the growing costs of petroleum merchandise. Customers from developing nations are already laid with the elevated price of petrol. Electrical automobiles operating on electricity will decrease the working value of usage for those cars. Another important thing driving this sector is the reducing fee of EV with the lessening of battery cost which is also causing growth in demand for EV’s and EV charging stations. The electric vehicle charging stations market is predicted to develop with time and rising support from government bodies of various countries. Many nations have found the necessity to go electric to lessen the increasing pollution from motors, with the United States and China already gearing as much as electric cars. China’s swiftly growing economy is using the expansion of superior technologies to improve electrification in the country. China has spent about USD 2.4 billion till year 2020 to enhance the charging facility infrastructure in the nation. Entrepreneur India’s project reports incorporate a unique mix of exact insights and qualitative analysis to assist startups and entrepreneurs reap sustainable growth. The professionals, experienced analysts, and specialists use industry-leading research tools and techniques to collect comprehensive marketplace studies, interspersed with relevant records. The report consists of a competitive view based totally on an in-depth assessment of the important strategies adopted by the main marketplace members within the electric automobile charging stations marketplace over the past few years.AK_20art_21
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Start Assembling of Lithium Ion Battery (Battery Assembly)

A lithium-ion battery, often known as a Li-ion battery, is a rechargeable battery in which lithium ions flow via an electrolyte from the negative electrode to the positive electrode during discharge and then back again during charging. A lithium-ion battery's positive electrode is constructed of an intercalated lithium compound, while the negative electrode is commonly graphite. With the exception of LFP cells, lithium-ion batteries have a high energy density, no memory effect, and a low self-discharge rate. Either energy or power density can be emphasised in cells. However, because they contain flammable electrolytes, they can pose a safety risk. Which, if damaged or wrongly charged, can result in explosions and flames. • More Compact Design: Li-ion batteries are smaller and lighter than traditional rechargeable batteries when compared to their capacity, and are thus used in portable consumer electronics devices where weight and form factor are important selling points. • Lower Self-discharge and Longer Shelf Life: While compared to other rechargeable batteries, Li-ion batteries have a lower self-discharge rate of about 1.5 percent per month, allowing for a longer shelf life when not in use due to the slower drain. • Fast Charging: Lithium-ion batteries charge faster than other rechargeable batteries including lead acid, nickel-metal hydride, and nickel-cadmium. • Low Maintenance: Lithium-ion batteries do not need to be maintained in order to function properly. • High Open-Circuit Voltage: Due to their chemistry, Li-ion batteries have a higher open-circuit voltage than other batteries such as lead acid, nickel-metal hydride, and nickel-cadmium. From 2021 to 2030, the global lithium-ion battery market is expected to grow at a CAGR of 12.3%, growing from USD 41.1 billion in 2021 to USD 116.6 billion in 2030. The market's growth can be attributed to increased demand for lithium-ion batteries in electric vehicles (EVs) and grid storage, since they offer high-energy density and lightweight solutions. Due to a growth in the registration of electric vehicles and a decrease in the price of lithium-ion batteries, the market size is predicted to grow throughout the forecast period. Market expansion is predicted to be fueled by an increase in electric vehicle sales as well as a shift in customer preferences. The rising number of solar installations and nuclear power plants, as well as the launch of wind energy projects, are likely to propel market growth over the forecast period. Few Indian Major Players 1. Anand Batteries Ltd. 2. Bharat Electronics Ltd. 3. Carborundum Universal Ltd. 4. Eon Electric Ltd. 5. H B L Power Systems Ltd. 6. Luminous Power Technologies Pvt. Ltd.
Plant capacity: 48 Volt, 60 AH Lithium-Ion Battery Pack 10 Nos per day 48 Volt, 80 AH Lithium-Ion Battery Pack 10 Nos per day 48 Volt, 100 AH Lithium-Ion Battery Pack 10 Nos per day 60 Volt, 20 AH Lithium-Ion Battery Pack 10 Nos per day Plant & machinery: Rs. 165 Lakhs
Working capital: -T.C.I: Cost of Project: Rs. 538 Lakhs
Return: 29.00%Break even: 67.00%
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Opportunities in Waste Lubricating Oil Recycling Plant

Waste oil is mostly made up of hydrocarbons and can be found in both industrial and non-industrial settings. It may contain additives and impurities as a result of physical contamination and chemical reactions that occur during use. Because used oil has been used previously, it has become contaminated with chemical and physical pollutants. Used oil includes transmission oil, motor oil, brake fluid, hydraulic oil, and gearbox oil. Oil that has been used is a recyclable material that can be recycled, reused, or disposed of. Oil is not considered a waste product once it has been used. Lubricating lubricants are commonly used in industries to reduce friction and wear by interposing a thin film of oil between metallic surfaces. Water, salt, dirt, metal scrapings, broken down additive components, varnish, and other impurities may mix with the oil or be generated in it during normal use as a result of thermal breakdown or oxidation. Recycling and reusing wasted oil is preferable to disposing of it, and it can have considerable environmental benefits. Recycled used oil can be refined into new oil, converted into fuel oils, and utilised as a raw material in the petroleum industry. The term "waste oil" describes refined oil that has been delivered for a variety of purposes. Impurities, dirt, and toxins are all present in waste oil. Waste oil is any synthetic or petroleum-based oil that has become contaminated and unfit for its intended function. The main sources of this material are crankcase and lubrication wastes. The method of refining waste oil to generate fuel or lubricating oil is currently employed in various places. Waste oil appears to be harmful to the environment because it is burned or haphazardly dumped into the ground. Government agencies must create efficient recycling and disposal plans in order to refine waste oil. This contributes to environmental protection by reducing illegal waste oil dumping. New waste oil treatment and disposal technologies enable more efficient service while also lowering environmental risk. Few Indian Major Players 1. Asia Refinery Ltd. 2. Bharat Shell Ltd. 3. Castrol India Ltd. 4. Enpro Industries Pvt. Ltd. 5. Fuchs Lubricants India Pvt. Ltd. 6. G P Petroleums Ltd. 7. G S Caltex India Pvt. Ltd. 8. Indian Oil Blending Ltd.
Plant capacity: Used Lubricating Oil 20,000 Ltrs per day Spent Clay as by product 2,105 Ltrs per dayPlant & machinery: Rs. 127 Lakhs
Working capital: -T.C.I: Cost of Project: Rs. 753 Lakhs
Return: 27.00%Break even: 50.00%
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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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Manufacturing Industry of Calcium Carbide(CaC2)

The chemical substance calcium carbide, sometimes known as CaC2, has the formula CaC2. There appear to be greyish whitish masses present. Carbide Candles, which are small carbide lamps used to blacken rifle sights and reduce glare, also include calcium carbide. These "candles" are utilised because acetylene produces a sooty flame. Other names for it include calcium acetylide, phenyl glyceryl ether diacetate, and glycerol phenyl ether diacetate. Calcium carbide is an important raw material in the organic synthesis industry. Acetylene, chloroprene rubber, calcium cyanamide, acetate acid, trichloroethylene, and acetaldehyde can be made by mixing acetylene, chloroprene rubber, calcium cyanamide, acetate acid, trichloroethylene, and acetaldehyde with other materials. It can also be used in steel manufacturing as a desulfurizing agent, as well as for metal cutting and welding. Along with calcium phosphide, calcium carbide is used in floating, self-igniting naval signal flares. Calcium carbide has been declared a flammable substance under the Inflammable Substances Act, and the Petroleum Act has been applied to it. When moisture comes into contact with calcium carbide, acetylene gas is produced, which has a wider explosive range. Calcium carbide is used in the following industries: • It's utilised in the production of calcium hydroxide and acetylene. • Because acetylene, a calcium carbide derivative, may be used as a raw material, it is used in the production of polyvinyl chloride (PVC). • It's used to make calcium cyanamide. • It's used to remove sulphur from iron. The process of eliminating sulphur from any material is known as desulphurization. • Similar to ethylene, it is used as a ripening agent. • Both bamboo and big-bang cannons contain it. • It's used as a deoxidizer, which means it helps remove oxygen during the steel-making process. Calcium carbide is a calcium-containing mineral. The market is predicted to grow significantly from 2019 to 2025 due to its metallurgical and chemical uses in sectors such as steel manufacturing, fertiliser, and metal fabrication. Product derivatives are utilised downstream in the automotive, pharmaceutical, and plastics industries, which could help the industry grow. In an electric arc furnace, lime and coke are heated to produce a translucent, colourless inorganic material. The technical grade substance creates an unpleasant garlic-like odour when exposed to trace moisture. Desulfurization and the elimination of unwanted iron oxide are two metallurgical processes that use it. The calcium carbide market is likely to grow further due to its use in integrated steel mill desulfurization. The calcium carbide market is predicted to grow due to its use with calcium phosphide, which is used in floating and self-igniting naval flares for defensive countermeasures, illumination, and signalling. Because calcium flares may be released underwater and illuminate submerged objects, they are commonly employed in maritime applications. The global market for marine safety is estimated to hit USD 35 billion by 2026, favouring market size. Few Indian Major Players 1. D C M Shriram Ltd. 2. K P L International Ltd.
Plant capacity: Calcium Carbide 60 MT Per DayPlant & machinery: Rs. 2127 Lakhs
Working capital: -T.C.I: Cost of Project: Rs. 3810 Lakhs
Return: 28.00%Break even: 68.00%
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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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Growing Demand of Animal Feed (Cattle, Poultry Broiler, Pig & Fish Feed)

Animal feed is the food that is supplied to domestic animals, especially livestock, while they are being cared for. The two most prevalent categories are fodder and forage. Feed is commonly referred to as fodder when the word feed is used alone. Animal feed is an important aspect of the animal agricultural process, and it is usually the most expensive part. Farms typically try to save money by growing their own food, grazing their animals, or supplementing expensive feeds with less expensive alternatives, such as food waste from beer production. Feed that delivers a well-balanced diet is critical to animal health. Some modern agricultural practises, such as grain-feeding cows or keeping them in feedlots, are harmful to both the environment and the animals. Increased maize or other grain in cow diets, for example, leads their microbiomes to become more acidic, impairing their immune systems and making cows more likely E.coli vectors. Other feeding practises, on the other hand, may be beneficial to animals. For example, feeding cows particular types of seaweed reduces methane generation, cutting greenhouse gas emissions from the meat industry. The animal feed business is predicted to grow at a CAGR of 4.90 percent from US$345.434 billion in 2020 to US$460.322 billion in 2026. Animal feeds are products that are used to improve the health of animals. Different doses of feed are given depending on the animal. Rapid urbanisation and increased meat and other end-product consumption, such as milk and eggs, in various places will fuel the animal feed market development potential over the forecast period. The feed aids in the expansion of the animal's capacities, accelerating growth and weight gain, and enhancing immunity by giving enriched nutrients with the feedstuff. Few Indian Major Players 1. Annam Feeds Pvt. Ltd. 2. Baramati Agro Ltd. 3. C P Aquaculture (India) Pvt. Ltd. 4. Ekta Agro Inds. Ltd. 5. Grobest Feeds Corpn. (India) Pvt. Ltd. 6. Heritage Nutrivet Ltd. 7. Intercorp Biotech Ltd.
Plant capacity: Cattle Feed 33.6 MT per day Poultry Broiler Feed 16.8 MT per day Fish Feed 2.8 MT per day Pig Feed 2.8 MT per dayPlant & machinery: Rs. 160 Lakhs
Working capital: -T.C.I: Cost of Project: Rs. 1488 Lakhs
Return: 24.00%Break even: 48.00%
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Opportunities in Production of Solar Inverter (100 KVA – 1000 KVA)

The variable direct current (DC) output of a photovoltaic (PV) solar panel is converted into a utility frequency alternating current (AC) that can be supplied into a commercial electrical grid or used by a local, off-grid electrical network by a solar inverter, also known as a PV inverter. It is a critical balance of system (BOS) component in a photovoltaic system that facilitates the use of normal AC-powered equipment. Solar power converters have developed features such as maximum power point tracking and anti-islanding prevention for usage with photovoltaic arrays. Advanced solar pumping inverters convert DC voltage from solar panels to AC voltage, allowing submersible pumps to run without the usage of batteries or other energy storage devices. MPPT (maximum power point tracking) is used by solar pumping inverters to monitor output frequency and control the speed of the pumps, preventing damage to the pump motor. Many ports for DC current supplied by PV arrays, one port for AC voltage output, and a third port for input from a water-level sensor are common on solar pumping inverters. The market for solar PV inverters is expected to develop at an annual pace of more than 8%. Reduced electricity consumption and declining economic growth have also had a negative impact on the industry. When global market activity resumes, however, demand for the industry grows at a faster rate. Factors such as decreasing inverter prices and an increase in solar PV installations are projected to boost market growth. The growth of the solar PV inverters market has been aided by technological advancements that have led in cheaper costs and improved efficiency in solar panel manufacturing. However, a lack of general understanding, infrastructure construction costs, and recent subsidy reductions on solar panels by governments in the Asia-Pacific region have all stifled market expansion. Few Indian Major Players 1. Alectrona Energy Pvt. Ltd. 2. Eaton Power Quality Pvt. Ltd. 3. Fuji Electric Consul Neowatt Pvt. Ltd. 4. Microtek International Pvt. Ltd. 5. Redington (India) Ltd. 6. S B J Exports & Mfg. Pvt. Ltd.
Plant capacity: Solar Inverter 50 Hz 100 to 1000 KVA 15 NosPer DayPlant & machinery: Rs. 373 Lakhs
Working capital: -T.C.I: Cost of Project: Rs. 1288 Lakhs
Return: 26.00%Break even: 47.00%
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