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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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Azodicarbonamide Using Urea & Hydrazine Hydrate

Azolodicarbonamide, commonly known as ADCA, ADA, or azo(bis)formamide, is a chemical compound with the molecular formula C2H4O2N4. It's a crystalline powder that ranges in colour from yellow to orange-red and has no odour. It's also referred to as a "yoga mat" chemical because of its widespread use in foamed polymers. Biurea is produced in two stages by treating urea with hydrazine. Azoldicarbonamide is most typically employed as a blowing agent in the production of foamed polymers. During the thermal breakdown of azodicarbonamide, nitrogen, carbon monoxide, carbon dioxide, and ammonia gases are formed, and they are trapped in the polymer as bubbles to form a foamed product. Doughs created with ADA-treated flours are more cohesive and dryer than doughs made with chlorine dioxide. These dried doughs are more resistant to absorption, retain more gas, and have better machining properties. Bread baked with ADA-treated flour has a higher loaf volume, a better grain texture, and a better exterior look. Azolodicarbonamide had no influence on the onset of rancidity in flour. Natural or supplemented vitamins are unaffected by Azoldicarbonamide. The global azodicarbonamide market is expected to grow over the forecast period due to rising demand for high-quality plastic and rubber parts for everyday use. It is used in the chemical industry for a variety of purposes, including strengthening, softening, and imparting flexibility to the substance with which it is mixed. It's commonly utilised in the production of foam-based plastics including toys, sports shoes, shoe soles, and floor mats. Azodicarbonamide is a crystalline powder that has a yellow to orange red colour, is odourless, and has a yellow to orange red colour. It's used as a foaming agent, a blowing agent, and a food additive, among other things. Yoga mats, for example, are generally made of rubber and plastic. Bakers utilise it as a commercial whitening conditioner for bread dough as a result. It's used as a blowing agent in plastics, synthetic leather, and other industries. The reaction temperature of pure azodicarbonamide is usually around 200 °C. When used for plastics, leather, and other applications, it has additives that intensify the reaction or allow it to react at lower temperatures. As a food ingredient, it's utilised as a flour bleaching agent and a dough conditioner. As an oxidising agent, it reacts with damp flour. Two further reaction products are semicarbazide and ethyl carbamate. Few Indian Major Players 1. Demaco Polymers Ltd. 2. H P L Additives Ltd. 3. Haryana Polymers Ltd.
Plant capacity: Azodicarbonamide Powder 40 MT Per Day Ammonia 10.6 MT Per Day Hydrochloric Acid (38% Conc.) 20.1 MT Per DayPlant & machinery: Rs. 1951 Lakhs
Working capital: -T.C.I: Cost of Project: Rs. 3109 Lakhs
Return: 25.00%Break even: 50.00%
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Production of Printed Circuit Board (PCB) Multilayer

Nearly a century ago, the PCB, or Printed Circuit Board, was conceived as a method to avoid these intricate wirings. Electric components on the PCB are connected via copper rails constructed by hand or designed in the computer using various methods. It also provides mechanical support and layer isolation for the components. Between two or more etched and laminated copper sheets on the PCB, a non-conductive substrate serves as an isolation layer. The most popular types of PCBs are single-layer, double-layer, and multi-layer. Any electronic or electrical device's foundation is the printed circuit board (PCB). A PCB connects electronic components such as resistors, capacitors, coils, pots, diodes, FETs, transistors, ICs, and transformers to make a complete electronic circuit. Electrical equipment in today's world would be impossible to imagine without a PCB. PCBs help to reduce the size and efficiency of electronic equipment by providing connectivity between electronic components. Printed circuit boards are divided into two categories: single layer PCBs and multi-layer PCBs. To mechanically support and electrically link electrical or electronic components, a printed circuit board (PCB) uses conductive rails, pads, and other features etched from one or more sheet layers of copper bonded onto and/or between sheet layers of a non-conductive substrate. To link components electrically and mechanically, they are frequently soldered to the PCB. The Printed Circuit Board market is estimated to grow at a CAGR of 5.3 percent from 2021 to 2026, reaching $72.3 billion. Printed circuit boards (PCBs) are the foundation of almost all modern electronic devices. Transistors, resistors, PLCs, electrolytic capacitors, and integrated circuits are all connected by printed paths on PCBs. The PCB is used in automotive applications such as power relays, antilock brake systems, digital displays, audio systems, engine timing systems, battery control systems, and more. Printed circuit boards are used in a variety of ways in the automotive industry, and they have changed the way people drive. The need for PCBs is increasing as more vehicle owners and drivers seek extra accessories. A automobile or truck's printed circuit board must be highly sturdy and reliable. Few Indian Major Players 1. Anand Electronics &Inds. Pvt. Ltd. 2. B L G Electronics Ltd. 3. Centum Electronics Ltd. 4. Epitome Components Pvt. Ltd. 5. Frontline Electronics Ltd. 6. Hi-Rel Components (India) Ltd. 7. Infopower Technologies Pvt. Ltd.
Plant capacity: Standard Printed Circuit Board (FR4, HDI, High-TG, Thick Copper and Halogen-free) 60Sq.Mt. Per DayPlant & machinery: Rs. 1258 Lakhs
Working capital: -T.C.I: Cost of Project: Rs. 1894 Lakhs
Return: 26.00%Break even: 50.00%
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Drinking Water with Packaging in Aluminium Beverage Cans (Mineral, Carbonated, Alkaline)

Water, which is a mixture of hydrogen and oxygen, is a priceless natural gift that is essential for the survival of both humans and animals. Contaminants should not be present in water that is used for drinking. Untreated water from wells, boreholes, and springs is frequently filthy and dangerous to drink. Purifying water and making it available in sanitary conditions for human use is thus both desirable and necessary. Drinking water is defined as water that is safe to drink or use for food preparation. Depending on physical activity, age, health-related illnesses, and environmental factors, the amount of drinking water required to keep healthy varies. In affluent countries, even though only a small portion of tap water is consumed or used in food preparation, it usually fulfils drinking water quality criteria. Laundry, toilets, and irrigation are other typical uses. The World Health Organization considers safe drinking water to be a basic human right. Mineral water is water that contains salts and sulphur compounds, among other minerals, and comes from a mineral spring. Depending on whether or not extra gases are present, mineral water is usually either still or sparkling (carbonated/effervescent). Mineral waters were traditionally utilised or sipped at spas, baths, or wells near their spring sources, a practise known as "taking the waters" or "taking the remedies." Carbonated water (also known as sparkling water, fizzy water, club soda, and water with gas) is water that contains dissolved carbon dioxide gas, either naturally or artificially pumped under pressure. Carbonation causes little bubbles to form, giving the water an effervescent appearance. Natural mineral water, club soda, and sparkling water from a bottle are all popular choices. Minerals like potassium bicarbonate, sodium bicarbonate, sodium citrate, and potassium sulphate are added to club soda and sparkling mineral water, as well as a variety of other sparkling beverages. From 2021 to 2028, the global bottled water market is expected to increase at a compound annual growth rate (CAGR) of 11.1 percent. Portability, ease of use and installation, and minimal maintenance costs will be key factors propelling the market in the coming years. Furthermore, rising consumer awareness of the health benefits of consuming bottled water is likely to drive market growth throughout the forecast period. Still and sparkling water, both plain and flavoured, have become extremely popular beverages on a global scale in recent years. This is a new megatrend that will likely gain traction in the next years. As people become more cognizant of their health, they are opting for packaged water and minimising their intake of sugary drinks. Still, bottled water usage has risen in food establishments and restaurants, fueling industry growth. Few Indian Major Players 1. Aradhana Snack Foods Co. Pvt. Ltd. 2. Bhagyalaxmi Mineral Water Pvt. Ltd. 3. Chouksey Agro Pvt. Ltd. 4. Geo Aquatech Ltd. 5. Himalayan Oasis & Beverages Pvt. Ltd. 6. Ice Berg Foods Ltd.
Plant capacity: Mineral Water 2,000 Cans Per Day Carbonated Water 2,000 Cans Per Day Alkaline Water 2,000 Cans Per DayPlant & machinery: Rs. 186 Lakhs
Working capital: -T.C.I: Cost of Project: Rs. 417 Lakhs
Return: 22.00%Break even: 61.00%
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Growing Demand of Rice Husk based Biodegradable Cutlery

People around the world have been early adopters of biodegradable cutlery, which has emerged as a preferable alternative to plastics. Plant biomass resources such as bagasse, rice husk, coconut coir, and others are being used to create environmentally friendly cutlery, tableware, and packaging products that are predicted to gain popularity in the coming decade. Rice husk is a surprising robust substance that can withstand a lot of wear and is long-lasting. Rice husk cutlery is one of the most durable biodegradable silverware options, withstanding temperatures of over 100 degrees Celsius without injury. The finish on this reusable tableware is smooth and shiny, and it's made entirely of natural wax. Knives, forks, chip forks, coffee stirrers, spoons, and teaspoons are all part of the Biodegradable Silverware collection of biodegradable silverware. The items, which come from well-known brands like Plastico and Vegware, are all food-grade and constructed of renewable resources. Biodegradable cutlery is made from a range of natural materials that are completely compostable and biodegradable, such as sugarcane bagasse, bamboo, paper pulp, palm leaves, agricultural waste, and other disposable materials (cornstarch-based PLA plastic is also a sustainable alternative but is not capable of breaking down on its own in normal conditions). • 100 percent environmentally friendly: Rice husk is a green and healthy alternative to disposable plastic cutlery because it is made from industrial waste and is biodegradable. • Fairly Durable and Reusable: Depending on temperature and upkeep, rice husk cutlery can last up to three years. As a result, these flatware pieces are ideal for parties, quick-service restaurants, and restaurants. • Heat and Cold Resistant: Rice husk cutlery does not melt when exposed to intense heat, unlike plastic silverware. This means they'll last longer than the disposable plastic ones. You can even warm them up in the microwave! • Perfect for Picnics, Travel, and Work: People can now enjoy their food without feeling guilty about using disposable flatware, which is perfect for picnics, travel, and work. Biodegradable cutlery has inspired a groundswell of interest among people all over the world due to compelling environmental concerns. To that end, biodegradable utensils are gaining popularity due to their increased durability over plastic cutlery, as well as the enormous environmental friendliness of biodegradable materials. Biodegradable cutlery constructed of plant-based materials, as well as biodegradable bio-plastics, have sparked widespread interest. Several countries have made concerted attempts over the years to promote awareness about the disposability of a variety of biodegradable cutlery items. In addition, the biodegradable cutlery industry has improved in terms of teaching end users on suitable processes and limits. The most popular materials used in eco-friendly cutlery are corn, areca leaves, bagasse, and rice husk. Over time, the remains of fast-growing trees have been employed. The global biodegradable cutlery market was worth USD 33.9 million in 2018, and it is predicted to grow at a 5.9% CAGR between 2019 and 2025. Market growth is expected to be boosted by rising public awareness of the detrimental impacts of non-biodegradable garbage. Non-biodegradable plastic has been outlawed by the government, with strict controls in place. Growth is likely to be fueled by government efforts that promote the business, as well as growing consumer awareness of the harmful implications of non-biodegradables.
Plant capacity: Biodegradable Cutlery (Per Set 6 Pcs. Flatware) 1,852 Sets per dayPlant & machinery: Rs. 29 Lakhs
Working capital: -T.C.I: Cost of Project: Rs. 135 Lakhs
Return: 26.00%Break even: 67.00%
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Residential Apartments

Residential apartments are a type of housing with a lot of room for expansion. The name "house" is a little misleading. The meaning of the word "same" has evolved over time and between countries. The Indian census of 1981 used the following definition. Distinct classes of individuals have different housing needs, which are dictated by the individual's financial and social standing. A affluent family, for example, may desire a magnificent structure, whilst a poor family may be content with a single room residence. A typical residential bungalow building has a drawing room, dining room, office, guest room, kitchen, store, pantry, dressing room, bathroom, front verandah, and stairs, among other features. Depending on the demands of many available, the number of rooms in other residences can be lowered. Flat Essentials – - 24-Hour Security – All security-related services should be provided to make life in a residential apartment safe. - Multi-level Parking - This decreases the amount of space needed in the park to park cars and other vehicles. - Central air conditioning - Depending on the project area's environment and weather, this may be available. The residential complexes, which are built on large lands and have a well-developed infrastructure to enhance living style, include power backup, the latest firefighting devices, auto door elevators, freight lifts, Earthquake resistant building, 24-hour water supply, and auto elevators. Suburbs have sprung up in recent years as a result of the city's growing population, housing shortages, and overcrowding. To alleviate the housing issue and provide a greater standard of living for all members of society, residential zones are now being developed. Residents who live in apartments have the feeling of living in the country while yet having access to all of the city's amenities. One of the key advantages of investing in these projects over investing in the city is the cheap cost of entry. The majority of projects are being constructed outside of the city centre, giving the developer a land cost advantage. These are considered a low-risk investment with a larger upside potential due to their diversification and low entry cost. Few Indian Major Players 1. A S V Constructions Pvt. Ltd. 2. B Engineers & Builders Ltd. 3. Cybercity Builders & Developers Pvt. Ltd. 4. D L F Builders & Developers Pvt. Ltd. 5. Era Housing & Developers (India) Ltd. 6. Futuretech Constructions & Precast Pvt. Ltd. 7. G K S Housing Ltd. 8. International Biotech Park Ltd.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: Cost of Project: Rs. 13771 Cr.
Return: 8.94%Break even: 0.89%
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Production Business of Ethanol from Maize

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

When a person's kidneys aren't working properly, haemodialysis, often known as hemodialysis or simply dialysis, is used to clear their blood. This form of dialysis achieves the extracorporeal elimination of waste products such as creatinine and urea as well as free water from the blood when the kidneys are in a state of renal failure. Hemodialysis is one of three renal replacement therapies. Apheresis is a method for separating blood components such as plasma or cells outside of the body. The kidneys are responsible for filtering the blood and removing waste and excess fluid. Hemodialysis is a process that employs a machine to replace some of the functions of your kidneys if they have failed. Outpatient haemodialysis and inpatient haemodialysis are both options. Routine hemodialysis is done in a dialysis outpatient facility, which can be a standalone clinic or a specially designed unit within a hospital. Home haemodialysis is a less popular method of dialysis. At a clinic, dialysis treatments are initiated and managed by specialised staff made up of nurses and technicians; at home, dialysis treatments can be self-initiated and managed or done jointly with the support of a qualified helper, who is often a family member. A dry powdered Bicarb (Part-B) dry Bicarbonate concentration is available in India. To improve bicarbonate diffusion and act as a pH buffer to neutralise metabolic acidosis, which is common in these patients, bicarbonate levels in dialysis solutions are somewhat higher than normal blood levels. For patients who require dialysis on a short-term basis, as well as those patients who require maintenance dialysis, haemodialysis is the chosen renal replacement therapy. It removes solutes effectively and quickly. A nephrologist (a medical kidney specialist) makes the decision whether hemodialysis is required, as well as the numerous factors for dialysis treatment. The number of treatments per week, the length of each treatment, the flow rates of blood and dialysis solution, and the dialyzer size are all considerations to consider. The levels of sodium, potassium, and bicarbonate in the dialysis solution are occasionally changed. Haemodialysis can be performed in a hospital, at home, or in a dialysis machine that stands alone (also known as satellite units). In hospitals and satellite units, nurses and dialysis aides assist with treatment; at home, you or someone else must learn how to operate the equipment. Although one may feel fatigued after a dialysis session, because haemodialysis is only done three times a week, the days in between may allow for some regular activity, however dietary and fluid restrictions are usually required. Few Indian Major Players 1. Baxter Pharmaceuticals India Pvt. Ltd. 2. Fresenius Kabi India Pvt. Ltd. 3. Medtronic Engineering & Innovation Center Pvt. Ltd. 4. Poly Medicure Ltd.
Plant capacity: Haemodialysis Solution B.P. Grade 2,000 Units Per Day Erilite-Bicarb (Part-B) each Pack 4.063 Kgs 40 Units Per DayPlant & machinery: Rs. 25 Lakhs
Working capital: -T.C.I: Cost of Project: Rs. 153 Lakhs
Return: 29.00%Break even: 61.00%
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Manufacturing Industry of Collagen Powder

Collagen is the most abundant protein in human bodies, accounting for around one-third of all protein. It's found in bones, skin, muscles, tendons, and ligaments, among other places. Collagen is found in a variety of biological structures, including blood vessels, corneas, and teeth. It functions as the "glue" that holds everything together. The word "kolla" comes from the Greek word "kolla," which literally means "glue." Collagen is a fibrous protein that is found in the majority of connective tissue in animals, including tendons, cartilage, bones, teeth, skin, and blood vessels. Collagen is a high-value substance generated from waste source materials like unused mammalian skins. It is usually used as a structural protein to provide biological structures strength, although it has a variety of activities depending on where it is located in the body. These days, collagen supplements come in a variety of formats. They may be given in tablet or powder form, depending on the preferences of the customer. Collagen can be derived from a number of different sources. It comprises both animal-derived and vegetarian collagen (animal parts, fish scales, bones, skin, and so on) (produced from genetically engineered yeast and bacteria). Collagen powder has a variety of uses and benefits, including the following: - Brain and Memory Support - Marine collagen has been discovered to include around 20 amino acid peptides, as well as many minerals, that aid in brain and memory support. Arginine, glycine, methionine, threonine, tyrosine, and tryptophan are amino acids that help improve human neurological processes. - Antioxidant Function - Antioxidants included in marine collagen help to reduce inflammation. - Regeneration and Tissue Engineering - Salmon skin collagen works as a scaffold for bone regeneration when combined with hydroxyapatite. Collagen supplements are dietary supplements used to supplement a collagen-deficient diet. They're mostly comprised of bones and skin from animals and fish. Pills, candy, powder, and liquids are just a few of the various options. Collagen supplements are available all around the world and do not require a prescription from a doctor. Collagen supplements are popular among bodybuilders and regular exercisers since they help to maintain skin and bone health. The market is expected to be valued USD 8.67 billion in 2021. The global collagen market is expected to develop at a compound annual growth rate of 9.0 percent from 2020 to 2028, reaching USD 16.7 billion. A multitude of health and beauty benefits associated to collagen supplement use have fueled the growth of the collagen supplement industry. Collagen supplements, for example, promote skin health by reducing dryness and wrinkles. It also aids in muscular development, bone health, and joint pain relief. Few Indian Major Players 1. Baxter Pharmaceuticals India Pvt. Ltd. 2. Fresenius Kabi India Pvt. Ltd. 3. Medtronic Engineering & Innovation Center Pvt. Ltd. 4. Poly Medicure Ltd.
Plant capacity: Collagen Powder 500 Kg. Per DayPlant & machinery: Rs. 1178 Lakhs
Working capital: -T.C.I: Cost of Project: Rs. 1935 Lakhs
Return: 28.00%Break even: 53.00%
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Business Plan for Starting Animal Feed Production (Cattle, Poultry Broiler, Pig & Fish Feed). Rising Demand of Livestock Feed Business.

Animal feed is food given to domestic animals, especially livestock, in the course of animal husbandry. There are two basic types: fodder and forage. Used alone, the word feed more often refers to fodder. Animal feed is an important input to animal agriculture, and is frequently the main cost of the raising animals. Farms typically try to reduce cost for this food, by growing their own, grazing animals, or supplementing expensive feeds with substitutes, such as food waste like spent grain from beer brewing. Animals in general require the same nutrients as humans. Some feeds, such as pasture grasses, hay and silage crops, and certain cereal grains, are grown specifically for animals. Other feeds, such as sugar beet pulp, brewers’ grains, and pineapple bran, are by-products that remain after a food crop has been processed for human use. Surplus food crops, such as wheat, other cereals, fruits, vegetables, and roots, may also be fed to animals. Feeding livestock is an important part of modern agricultural production. In addition to providing a supply of high-quality protein for human consumption, livestock provide services in reducing erosion and soil compaction caused by overgrazing and in nutrient cycling. However, crop yields are much lower when nutrients from manure are recycled through crops because crops also use nitrogen from soil organic matter that has accumulated due to recycling. This means that fields must be fertilized with mineral fertilizer which loses its efficacy after several years. Because of these concerns about mineral fertilizer overuse, it may be more efficient to produce livestock products than plant products for human consumption. In general though animal feed will consist of four main ingredients: protein-rich components such as oil seeds or soybeans; carbohydrate-rich components such as maize or barley; fibre sources such as wheat bran or cassava root; and roughage in the form of hay, silage or straw. The animal feed market is projected to grow at a CAGR of 4.90% to reach US$460.322 billion by 2026, from US$345.434 billion in 2020. Animal feeds are referred to as those products which are responsible for improving animals’ health. The feed is given in various doses depending on the animal. Rapid urbanization and growing consumption of meat and other end products such as milk and eggs across different regions are driving the animal feed market growth opportunities during the forecast period. The feed helps in enhancing the animal's abilities by providing enriched nutrients along with the feedstuff, accelerating growth and weight gain, and developing immunity. Outbursts of diseases in animals are a major factor contributing to the increasing adoption of animal feed as it enhances the health of the animals and in proper regulation of the food chain. High growth in the animal feed market is aided by the growth strategies of major players in the form of expansions and investments, which also helps in enhancing the product portfolio and reaching out to new target markets. Furthermore, the growing livestock population along with the shift from unorganized livestock farming to the organized sector is further expected to propel the market growth opportunities in the coming years. However, the high price volatility of raw materials is expected to hinder the growth of the market during the forecast period.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Investment Opportunities in Production Business of Solar Inverter. Fastest-Growing Industry of Renewable Energy.

Solar sine wave inverters are an electronic device for converting direct current (DC) from a solar array into alternating current (AC) which can be used in homes and business. A photovoltaic panel is a series of solar cells that generate DC power directly from sunlight. DC power is then converted into AC using a sine wave inverter, usually mounted on or near to your electrical breaker box. These sine wave inverters vary in sizes from 50W to over 1KW and above. For example, 100 KVA-1000 KVA of size is generally used in large scale Solar Power Plants while 50W-200W would be good enough for residential systems of average house hold needs. A solar sine wave inverter is a device that converts Direct Current (DC) to Alternating Current (AC), thereby permitting utilization of solar energy in homes, industries and power grids. Solar sine wave inverters have been specifically designed to be installed with all types of photovoltaic panels. Apart from being a green technology, these inverters also feature zero emissions and a much longer lifespan than traditional electricity generating devices. There are several advantages of using solar sine wave inverters in your commercial or industrial setup. A sine wave inverter converts direct current (DC) from a solar panel to alternating current (AC). Direct current is used to charge batteries, but for use in your home or business, you need an AC generator. A sine wave inverter makes it possible for DC power from a solar electric system to be converted into AC power that can be used in a home or business. The global Solar Inverter market size is projected to reach USD 26650 million by 2026, from USD 14600 million in 2019, at a CAGR of 8.9% during 2021-2026. Major factors driving the growth of Solar inverter market size are large inflow of investments in the renewable energy sector, increase in favorable government initiatives and rise in the number of residential solar rooftop installations. Growing demand for renewable energy due to an increase in power consumption along with a decline in the cost of producing renewable energy is expected to drive the growth of solar inverter market size during the forecast period. The cost of producing renewable energy has undergone a very steep decline and is now competitive in meeting the increasing power need. Favorable government initiatives like energy-saving certificates are expected to augment the growth of solar inverter market size. Furthermore, governments across the globe are concentrating on infrastructure growth in their countries to boost the quality of life of their people. The use of solar inverters is further promoted by the growing impact of greenhouse gases and rising environmental problems. Increasing awareness about global warming is expected to boost the solar inverter market growth. Some initiatives by Government of India to boost India’s renewable energy sector are as follows: • In July 2021, to encourage rooftop solar (RTS) throughout the country, notably in rural regions, the Ministry of New and Renewable Energy plans to undertake Rooftop Solar Programme Phase II, which aims to install RTS capacity of 4,000 MW in the residential sector by 2022 with a provision of subsidy. • To encourage domestic production, customs duty on solar inverters has been increased from 5% to 20%, and on solar lanterns from 5% to 15%. • India plans to add 30 GW of renewable energy capacity along a desert on its western border such as Gujarat and Rajasthan. • Delhi Government decided to shut down thermal power plant in Rajghat and develop it into 5,000 KW solar park • The Government of India has announced plans to implement a US$ 238 million National Mission on advanced ultra-supercritical technologies for cleaner coal utilization. Key Players: • ABB • SMA Solar Technology • Canadian Solar • SolarEdge Technologies • SunPower • Delta Electronics • Solectria Renewables • Sineng Electric • Hitachi Hi-Rel Power Electronics • Power electronics
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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  • 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
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