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Maize, Corn and its By Products, value added Products, Derivatives, Maize Processing Industry, Corn Starch, Dextrose, Liquid Glucose, Sorbitol, Oil, Gluten, Germ Oil, Wet Milling, Maize Starch Plant & related Products, High-Fructose Corn Syrup (HFCS)

Agriculture is one of the strongholds of the Indian economy and accounts for 18.5 per cent of the country’s gross domestic product .Maize is a coarse grain and it is now being accepted as staple diet and its demand is increasing year by year. In India, maize is the third important cereal crop after rice and wheat in terms of area. Currently, 49 per cent of maize output is used as poultry feed, 12 per cent as animal feed, 25 per cent as food, 13 per cent in starch and other industries, and 1 per cent as seed. Andhra Pradesh, Karnataka and Maharashtra are the major maize producing states. The products from maize are value added products which include maize starch, liquid glucose, dextrose monohydrate, anhydrous dextrose, sorbitol, corn gluten to name a few.In India, the prime source of starch is maize and the textile industry is for long the largest buyer of maize starch in India.

In India, maize is a kharif crop with harvests and arrivals due only from October onwards. Kharif contributes over 80 per cent of the entire maize output. Bulk of the maize produced in the country goes for production of poultry feed. It is estimated that the demand for maize from the poultry industry would rise by about 6 per cent. About twelve states which include Bihar, Orissa, Uttar Pradesh, Uttarakhand and Delhi account for over 50 per cent of the total maize acreage in the country. Increasing demand from Poultry sector is likely to substantially hike maize consumption to go over 30 million tons by 2020.

The current level of maize yield in the country (2.17 MT/Ha) is far behind the global average of 5 MT/Ha, and there is a huge scope for improvement in yield by improving the adoption of hybrids, particularly in traditional maize growing regions. With the growing demand from feed and starch sector, the overall demand for maize is likely to grow at a brisk pace. India has a huge potential to increase its market share and to make its presence felt in the global maize market.

 

 

 

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Cassava Starch (Tapioca Starch)- Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

Starch (C6H10O5)n, the principal reserve poly Saccharide in plants constitutes substantial portion of human diet. It is the principal components of most seeds, tubers, and roots, and is produced commercially from Wheat, Rice, Tapioca, Potato, Sago, and other sources. Starch is a mixture of linear (amylase) and branches (amylopection) polymers of alpha D glucopyranosyl units. Natural starch occurs usually as granules composed of both linear and branch starch molecular. However, some starches are composed only of branched molecule and there are termed waxy starches because of the Vitreous sheen of a cut sheet surface. The roots of tapioca plant (Manihol uteillissima) forms one of the major sources of starch ranking next is potato in the consumption Undamaged starch granules are insoluble in cold water but impipe water reversibly and swell slightly. Hydrolysis of starch is an important industrial reaction which is accomplished by acid, enzymes or both. Starch gives a characteristic blue color with Iodine. This characteristic blue colour has burned both over qualitative and quantitative test for starch in various systems. Cassava has many advantages for starch production: High level of purity; Excellent thickening characteristics; A neutral (bland) taste; Desirable textural characteristics; A relatively cheap source of raw material containing a high concentration of starch (dry matter basis) that can equal or surpass the properties offered by other starches (maize, wheat, sweet potato and rice). Uses Unmodified starch is mainly is nonfood application in the naming adhesive and paper Industries. Unmodified starches are used for the manufacture of gun candies because they form hot concentrated pastes that gel firmly on cooling. Heat treated starches are used in food applications to bind and carry flavors and colors. Swelling agents are made from starch by enzymatic or acid ferment. Starch derivatives like cation starch, starch phosphate and starch acetate has numerous uses. ? Market Survey Global starch consumption is projected to reach 133.5 million metric tons. Rise in per capita consumption, and growing demand for starch products from developing nations translates into a bright outlook for the sector. Starch end use applications have grown in number over the years, and now include diverse applications ranging from food and beverages to medicine, cosmetics, pharmaceuticals and more. Usage of starch by the food industry is being fueled by the increasing number of government policies stipulating the usage of natural substances in food products. With the increasing demand for low fat and low calorie food, many food companies are replacing fats with gums and carbohydrates, such as starches and hydrocolloids. The major cassava starch and flour importers are, by order of importance, China, Japan, Malaysia, Indonesia, Singapore, the United States and the Philippines. In India also, production of starch from potatoes is limited due to availability of cheaper sources of starch such as maize and tapioca. Few Indian Major Players are as under:- Amaravati Agro Ltd. Bharat Starch Inds. Ltd. E I C L Ltd. Gayatri Bioorganics Ltd. Gujarat Ambuja Proteins Ltd. Gulshan Polyols Ltd. Hindustan Maize Products Ltd. Indian Maize & Chemicals Ltd. International Bestfoods Ltd. Jayant Vitamins Ltd. K G Gluco Biols Ltd. Kamala Sugar Mills Ltd. Laxmi Starch Ltd. Origin Agrostar Ltd. Rai Agro Inds. Ltd. Riddhi Siddhi Gluco Biols Ltd. Santosh Starch Ltd. Santosh Starch Products Ltd. Sayaji Industries Ltd. Starch & Chemicals Ltd. Sukhjit Starch & Chemicals Ltd. Tan India Ltd. Tirupati Starch & Chemicals Ltd. Unicorn Organics Ltd. Unique Sugars Ltd. Universal Starch Chem Allied Ltd. Wockhardt Health Care Ltd.
Plant capacity: 80 MT/dayPlant & machinery: Rs.358 Lakhs
Working capital: -T.C.I: Cost of Project : Rs.737 Lakhs
Return: 36.00%Break even: 45.00%
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Potato Starch

Potato is widely consumed as food all over the world. It contains the starch as a major carbohydrate. Surplus and cull potatoes are used as feed for livestock and also as raw material for the manufacture of starch, ethyl alcohol and a few other industrial products like, dextrose, liquid Glucose etc. The potato contains approximately 18-21% of carbohydrates. The major carbohydrate is starch. This starch comprises 65-80% of the dry weight of the tuber, is calorifically the most important nutritional component. Potato starch is starch extracted from potatoes. The cells of the root tubers of the potato plant contain starch grains (leucoplasts). To extract the starch, the potatoes are crushed; the starch grains are released from the destroyed cells. The starch is then washed out and dried to powder. Potato starch is a very refined starch, containing minimal protein or fat. This gives the powder a clear white color, and the cooked starch typical characteristics of neutral taste, good clarity, high binding strength, long texture and a minimal tendency to foaming or yellowing of the solution. Potato starch contains approximately 800 ppm phosphate bound to the starch; this increases the viscosity and gives the solution a slightly anionic character, a low gelatinization temperature (approximately 140 °F (60 °C)) and high swelling power. Starch is a tasteless, odorless, white amorphous powder, insoluble in water. All green plants store starch as nourishment for the future. Starch is one of the fundamental substances in the vegetable kingdom and is in existence abundantly in the natural world. Uses Starch is mainly used as material both in the manufacture of food and non-food products. In food processing a lot of starch is converted to starch hydrolysate. It is also used as a thickener in soups and gravies. Pre-gelatinized potato starch is used in considerable quantities in instant puddings, in which its properties are preferable to those of cereal starches. It is used in confectionery industry as a medium for molding cast candies such as jelly beans and gum drops, as a thickening agent in synthetic jellies, for sauces, soups, and stews. Potato starch tolerates higher temperatures than cornstarch when used as a thickener. It's a natural way to add moistness to many baked goods and as a dusting agent mixed with powdered sugar, for candy gums, chewing gums etc. It is also used in producing adhesives and dextrin’s, as a fermentation raw material, binder for tablets, and binder and extender for sausages. Starch derivatives are used in many recipes, for example in noodles, wine gums, cocktail nuts, potato chips, hot dog sausages, bakery and instant soups and sauces, in gluten-free recipes in kosher foods for Passover and in Asian cuisine. In pastry, e.g. sponge cake, it is used to keep the cake moist and give a soft texture. It is also occasionally used in the preparation of pre-packed grated cheese, to reduce sweating and binding. Market Survey Potato is a starch rich material with about 12-25 per cent starch in Indian varieties. In India, production of starch from potatoes is limited due to availability of cheaper sources of starch such as maize and tapioca. The pattern of world potato utilization indicates that over 2.8 per cent potato is used for starch extraction. The enormous amount for waste potatoes available, if used for starch production would not only result in value added products, but will also generate employment and save foreign exchange, it will also reduce cost of starch production from potatoes. The global starch consumption is expected to grow from 13.6 million tons in 2012 to 16.28 million tons by 2017, at an estimated CAGR of 3.5% from 2012 to 2017. The North America region is expected to continue its dominance on the global modified starch consumption, however, due to the increasing impact for demand of convenience health food, functional food, and the need to focus on alternate sources of starch, the Asian sub-continent is expected to drive the growth of the industry for the next few years. China and India are the leaders in the APAC market, driving the demand for modified starch because of the changing lifestyles and growing economies, boosting the need for convenience food sector. A second large consumer of starch hydrolysis products is the fermentation industry. Many fermentation processes run on starch hydrolysate. This is partly for cost reasons and partly because the organisms in use have been trained to prefer glucose to saccharose. The only exception is yeast, which traditionally grows best in molasses. Markets for virtually all fermentation-derived products, whether they are penicillin based, citric acids or amino acids, expand at high rates and add to the demand for starch hydrolysis products. Minor applications of starch syrups include their use in the manufacturing of sugar alcohols, particularly of Sorbitol; low calorie content and high degree of sweetness make sorbitol ideal for a number of different foods. Overall, the markets for starches and derivatives are expected to expand on a global scale at a substantial rate. Few Indian Major Players are as under Amaravati Agro Ltd. Bharat Starch Inds. Ltd. E I C L Ltd. Gayatri Bioorganics Ltd. Gujarat Ambuja Proteins Ltd. Gulshan Polyols Ltd. Hindustan Maize Products Ltd. Indian Maize & Chemicals Ltd. International Bestfoods Ltd. Jayant Vitamins Ltd. K G Gluco Biols Ltd. Kamala Sugar Mills Ltd. Laxmi Starch Ltd. Origin Agrostar Ltd. Rai Agro Inds. Ltd. Riddhi Siddhi Gluco Biols Ltd. Santosh Starch Ltd. Santosh Starch Products Ltd. Sayaji Industries Ltd. Starch & Chemicals Ltd. Sukhjit Starch & Chemicals Ltd. Tan India Ltd. Tirupati Starch & Chemicals Ltd. Unicorn Organics Ltd. Unique Sugars Ltd. Universal Starch-Chem Allied Ltd. Wockhardt Health Care Ltd.
Plant capacity: 4500 MT/AnnumPlant & machinery: Rs. 517 Lakhs
Working capital: -T.C.I: Cost of Project: Rs 899 Lakhs
Return: 26.00%Break even: 47.00%
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Maize Processing Unit - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

Maize is one of the cereal grains which has been produced throughout India and is placed 3rd position in agricultural base production. Maize is constituted by hull, germ, protein, starch and moisture. There is dry and wet milling process of manufacturing of starch, zein, germ and hulls. Starch is the basic constituent of maize and it is converted to liquid glucose by adopting series of digestion steps on starch. It will be basically enzyme and acid digestion system. It may be enzyme - enzyme system or only acid digestion system. In the production of liquid glucose there is some production of dextrose anhydride. Starch is a tasteless, odorless, white amorphous powder, insoluble in water. All green plants store Starch as nourishment for the future. Starch is one of the fundamental substances in the vegetable kingdom and is in existence abundantly in the natural world. Starch is produced from various sources such as corn (maize), tapioca etc. Starch is a mixture of two polymers namely amylase and amylopectine. Uses Pure Starches can be physically modified into various products of varied characteristics. Starch can be potentially used in large number of preparations. Its major applications are in textiles and paper manufacture and in food and pharmaceutical industries. Starch is used in the manufacture of number of products such as starch esters, starch phosphates, glucose, dextrose, sorbitol, ethyl alcohol etc. Glucose syrup is used in hard boiled sweets and many dairy products, as a granulating agent for tablet coating and as a vehicle for orally administered medical syrups in pharmaceuticals. Glucose syrup is used in the manufacture of canned foods, confectionery, bakery products, ice-creams, chewing tobacco, shoe polish and leather chemicals. Sorbitol is used as raw material for the manufacture of Vitamin-C and also as basic additive material in toothpaste, creams, cosmetics, paper and numerous food products. It can also be used as stabilizer and antioxidant in PVC resins, protective coatings, urethane rigid foams, elastomers etc. Market survey Maize (Corn) contains about 70% starch, other components being protein, fibers and fat. The basis of the maize milling process is the separation of the maize kernel into its different parts. Maize starch is produced by the wet milling process, which involves grinding of softened maize and separation of corn oil seeds (germs), gluten (proteins), fibers (husk) and finally pure starch. Karnataka, AP, Bihar, MP. UP and Rajasthan are the main maize producing areas. It is also produced in Assam, Chhattisgarh, Haryana, Jharkhand, Tamil Nadu, Uttarakhand, Gujarat, HP, Jammu Kashmir, and Orissa. Punjab, West Bengal etc. Expiry rate of maize is fixed according to Nizamabad mandi. Apart from Nizamabad, Karimnagar in AP is also a delivery centre. In Maharashtra, Jalna and Jalgaon are the delivery centres while in Karnataka, Davengere is a delivery centre. Nimbaheda in Rajasthan, Ratlam in MP and Bahraich in UP are the delivery centres which are approved by the NCDEX. Maize is also produced in Assam, Chhattisgarh, Haryana, Jharkhand, Tamil Nadu, Uttarakhand, Gujarat, HP, Jammu & Kashmir, Orissa, Punjab and West Bengal. Starch is the key ingredient in Food Industry, Pharma Industry, Cattle Feed, Paper and Textile Industry. Starch market is driven mainly by the dynamics in Pharma, Food, Paper and Textile Industries. Apart from the above, starch and starch derivates are increasingly used in manufacture of ethanol to be blended with petroleum products. The wet milling industry in India is limited to certain pockets such as Gujarat, Maharashtra, Madhya Pradesh, Punjab, Karnataka and Chattisgarh. There are about 17 wet milling units with a crushing capacity of about 3400 MT of maize/day. The average processing capacity of the units in India is 200 MT of maize/day. There are plants with as high crushing capacity as 400 MT/day. The starch is the main product of a maize processing unit, which is consumed in various other industries like food, pharmaceuticals, textiles, paper, hotels and restaurants, etc. The other products include Gluten, Germ, Fibre (husk) and Corn Steep Liquor. Gluten has great demand in animal feed industry because of its high protein content (70%). Germ is expressed to extract germ oil which is a low cholesterol containing edible oil. Fibre, mainly the husk, is used by animal feed manufacturers. It has demand in wet form itself for animal feed. Corn Steep Liquor is one of the substrates for culture media for manufacturing of antibiotics and other microbial production systems. In India, Mumbai, Delhi, Ahmedabad and Kolkata are the major markets for processed maize products. Other important markets include Bhopal, Hyderabad, Chandigarh, Lucknow, Bangalore etc. Hence, Ahmedabad and Mumbai are the major trading centres for corn starch in India. As the supply demand gap is about 60% the starch can very easily be marketed in the Country and also Starch and Gluten have good Export Potential as well. India exports these products to Sri Lanka, South East Asian countries, Bangladesh and South Africa. The husk can be sold locally, the steep liquor which produce antibiotics and microbial products and corn oil can be marketed outside the state as there is good demand for it. Hence the maize processing unit if set up in the State, will flourish and catch up the market very easily. Glucose and Dextrose are the most important end uses of the product. The growth of liquid glucose in terms of its production has been at an annual compound growth of 6.3%. As regard Dextrose, the production of the same registered an annual compound growth rate of 8%. With such as appreciable growth rate of production of dextrose it is expected that the demand for starch would also substantially go up in the future. The paper industry also accounts for about 10% of the total consumption of starch. In this respect the growth of paper, and paperboard and also paper grade pulp in terms of installed capacity production and capacity utilization have been as under. Apart from these, food products industry is also growing appreciably over a period of time, which would also an increasing demand for starch. Few Indian Major Players are as under Amaravati Agro Ltd. Bharat Starch Inds. Ltd. E I C L Ltd. Gayatri Bioorganics Ltd. Gujarat Ambuja Proteins Ltd. Gulshan Polyols Ltd. Hindustan Maize Products Ltd. Indian Maize & Chemicals Ltd. International Bestfoods Ltd. Jayant Vitamins Ltd. K G Gluco Biols Ltd. Kamala Sugar Mills Ltd. Laxmi Starch Ltd. Origin Agrostar Ltd. Rai Agro Inds. Ltd. Riddhi Siddhi Gluco Biols Ltd. Santosh Starch Ltd. Santosh Starch Products Ltd. Sayaji Industries Ltd. Starch & Chemicals Ltd. Sukhjit Starch & Chemicals Ltd. Tan India Ltd. Tirupati Starch & Chemicals Ltd. Unicorn Organics Ltd. Unique Sugars Ltd. Universal Starch-Chem Allied Ltd. Wockhardt Health Care Ltd.
Plant capacity: 60,900 MT/AnnumPlant & machinery: Rs. 420 Lakhs
Working capital: -T.C.I: Cost of Project: Rs 1229 Lakhs
Return: 28.00%Break even: 59.00%
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Maize Processing Unit - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

Maize is one of the cereal grains which has been produced throughout India and is placed 3rd position in agricultural base production. Karnataka, AP, Bihar, MP. UP and Rajasthan are the main maize producing areas. Starch market is driven mainly by the dynamics in Pharma, Food, Paper and Textile Industries; used in manufacture of ethanol to be blended with petroleum products. In India, Mumbai, Delhi, Ahmedabad and Kolkata are the major markets for processed maize products. Glucose and Dextrose are the most important end uses of the product. The growth of liquid glucose in terms of its production has been at an annual compound growth of 6.3%. As regard Dextrose, the production of the same registered an annual compound growth rate of 8%. As the supply demand gap is about 60% the starch can very easily be marketed in the Country and also Starch and Gluten have good Export Potential as well. India exports these products to Sri Lanka, South East Asian countries, Bangladesh and South Africa. Hence the maize processing unit if set up in the State, will flourish and catch up the market very easily. Few Indian Major Players are as under Amaravati Agro Ltd. Bharat Starch Inds. Ltd. E I C L Ltd. Gayatri Bioorganics Ltd. Gujarat Ambuja Proteins Ltd. Gulshan Polyols Ltd. Hindustan Maize Products Ltd. Indian Maize & Chemicals Ltd. International Bestfoods Ltd. Jayant Vitamins Ltd. K G Gluco Biols Ltd. Kamala Sugar Mills Ltd. Laxmi Starch Ltd. Origin Agrostar Ltd. Rai Agro Inds. Ltd. Riddhi Siddhi Gluco Biols Ltd. Santosh Starch Ltd. Santosh Starch Products Ltd. Sayaji Industries Ltd. Starch & Chemicals Ltd. Sukhjit Starch & Chemicals Ltd. Tan India Ltd. Tirupati Starch & Chemicals Ltd. Unicorn Organics Ltd. Unique Sugars Ltd. Universal Starch-Chem Allied Ltd. Wockhardt Health Care Ltd.
Plant capacity: 60,900 MT/AnnumPlant & machinery: Rs. 420 Lakhs
Working capital: -T.C.I: Cost of Project: Rs 1229 Lakhs
Return: 28.00%Break even: 59.00%
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Maize and It’s by Products - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

Maize is one of the cereal grains which produces throughout India and is placed 3rd position in agricultural base production. The Starch industry in India is poised to rapid strides once again keeping behind the impacts of the global recession during recent years. The target of indigenous production of over 6 million MT will require the Indian Starch industry to increase their production during the next ten years. There are about 17 wet milling units with a crushing capacity of about 3400 MT of maize/day. The average processing capacity of the units in India is 200 MT of maize/day. In case of Starch, as the supply demand gap is about 60% the starch can very easily be marketed in the Country and also Starch and Gluten have good Export Potential as well. India exports these products to Sri Lanka, South East Asian countries, Bangladesh and South Africa. The husk can be sold locally, the steep liquor which produce antibiotics and microbial products and corn oil can be marketed outside the state as there is good demand for it. Hence the maize processing unit if set up in the State, will flourish and catch up the market very easily. There is good domestic market and export potential for maize starch and by-products. New entrepreneurs can well venture into this sector. Few Major Players are named as under: Amaravati Agro Ltd. Bharat Starch Inds. Ltd. E I C L Ltd. Gayatri Bioorganics Ltd. Gujarat Ambuja Proteins Ltd. Gulshan Polyols Ltd. Hindustan Maize Products Ltd. Indian Maize & Chemicals Ltd. International Bestfoods Ltd. Jayant Vitamins Ltd. K G Gluco Biols Ltd. Kamala Sugar Mills Ltd. Laxmi Starch Ltd. Origin Agrostar Ltd. Rai Agro Inds. Ltd. Riddhi Siddhi Gluco Biols Ltd. Santosh Starch Ltd. Santosh Starch Products Ltd. Sayaji Industries Ltd. Starch & Chemicals Ltd. Sukhjit Starch & Chemicals Ltd. Tan India Ltd. Tirupati Starch & Chemicals Ltd. Unicorn Organics Ltd. Unique Sugars Ltd. Universal Starch-Chem Allied Ltd. Wockhardt Health Care Ltd.
Plant capacity: 78300 MT /AnnumPlant & machinery: Rs.5340 Lakhs
Working capital: -T.C.I: Cost of Project:Rs. 6916 Lakhs
Return: 17.00%Break even: 49.00%
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Maize/ Corn Starch Sorbitol & Dextrose - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

Maize is one of the best cereals after paddy and wheat. It is largely cultivated in the north and west India. Lot of commercial as well as industrial products are manufactured which are used as the preparation of food base products or directly used for the preparation of food, in the paper industry and many other chemical industries. There is series of steps require for the conversion of maize to starch and other bye products. There are basic commercial product maize hull, maize oil, zein (maize protein), maize starches are obtain directly from maize. Starch is a group of polysaccharides, composed of glucopyranose units joined together by-glucosidic linkages. Starch can be obtained from maize, Physical and chemical properties of starch vary according to the raw material from which it is derived. Sorbitol is low caloric refined sugar alcohol, which is produced from dextrose. Sorbitol is a hexitol, C6H14O6, found in nature as the sweet constituent of many berries and fruits best known from Sorbus aucuparia Starch is not a uniform commodity, however. It is a heterogeneous commodity used in the manufacture of myriad food and non-food products. Market demand for starch is strongly and positively correlated with average per capita income. Few Indian Major Players are as under:- Amaravati Agro Ltd. Bharat Starch Inds. Ltd. E I C L Ltd. Gayatri Bioorganics Ltd. Gujarat Ambuja Proteins Ltd. Gulshan Polyols Ltd. Hindustan Maize Products Ltd. Indian Maize & Chemicals Ltd. International Bestfoods Ltd. Jayant Vitamins Ltd. K G Gluco Biols Ltd. Kamala Sugar Mills Ltd. Laxmi Starch Ltd. Origin Agrostar Ltd. Rai Agro Inds. Ltd. Riddhi Siddhi Gluco Biols Ltd. Santosh Starch Ltd. Santosh Starch Products Ltd. Sayaji Industries Ltd. Starch & Chemicals Ltd. Sukhjit Starch & Chemicals Ltd. Tan India Ltd. Tirupati Starch & Chemicals Ltd. Unicorn Organics Ltd. Unique Sugars Ltd. Universal Starch-Chem Allied Ltd. Wockhardt Health Care Ltd. Cost Estimation Capacity: Plant & Machinery: Rate of Return: 22% Breakeven Point: 48%
Plant capacity: 34400 MT/AnnumPlant & machinery: 1495 Lakhs
Working capital: -T.C.I: Cost of Projects: 3651 Lakhs
Return: 22.00%Break even: 48.00%
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Maize Products in India (Starch, Glucose, Dextrose, Sorbitol) Trends, Opportunities, Market Analysis and Forecasts (Upto 2017)- Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey

The market research report titled ‘Maize Products in India (Starch, Glucose, Dextrose, Sorbitol) Trends, Opportunities, Market Analysis and Forecasts (Upto 2017)’ released by Niir Project Consultancy Services, provides a comprehensive analysis on Indian maize products industry. Starch, Glucose, Dextrose and Sorbitol are maize products covered in this report. The report starts with a brief on the global scenario of maize and then proceeds to analyze the Indian scenario. The report provides an overview on Maize as a crop giving information about its soil suitability, sowing seasons and the types of maize that are produced in the nation. Maize is one of the oldest cultivated crops in the world. It is also one of the most important cereal crops globally and in India it is the third most important crop after rice and wheat. The suitability of maize to diverse environments is unmatched by any other crop and even every part of the maize plant has economic value: the grain, leaves, stalk, tassel, and cob can all be used to produce a large variety of food and non-food products. As it has yield potential far higher than any other cereal, it is sometimes referred to as the miracle crop or the ‘Queen of Cereals’. It further explains the ways by which maize can be processed and the byproducts after such processes. Maize can be processed by two ways: Dry Milling and Wet Milling. Dry milling of maize produces corn meal, grits, germ and animal feed and wet milling produces starch, gluten and husk. These byproducts of maize processing are used in industries like paper, textiles, pharmaceutical and food & confectionary. Half of the maize in India is consumed as poultry feed, ~1/5 for human consumption and the rest is consumed for starch production, as cattle feed and in breweries. The report provides detailed analysis of the industry by covering areas like growth drivers, trends in the industry as well as the SWOT analysis of the industry. Growth in the consumption of maize products will be majorly driven by the starch segment. Starch industry is often termed as sunrise sector of the nation apparently because of its widespread applicability across various industries. Maize starch in India is used relentlessly in paper, textile, pharma and food industry. The growth in these consumer industries will evidently be felt in the starch sector also. The report elucidates important numbers and forecasts of the consumer industries for better understanding. Also rising demand from the poultry sector will drive the volumes for maize products. One of the trends that have been experienced in the industry is the innovative use of corn starch. Applications of corn starch are not just limited to the industries mentioned above; it has found its relevance in products like bags and car parts. Usage of corn starch bags is rising in India on the back of it being bio-degradable and hence environment friendly. They can also handle more weight and have longer shelf life. Corn starch is also being used in manufacturing of car parts to enhance the car safety aspects. Other trends are emergence of corn oil as an edible oil and also production of ethanol from corn. The report enhances your understanding of the market by giving detailed SWOT analysis. The industry’s biggest strength is the ready available market for its products. Growing population of India coupled with unavoidable usage of maize products in various industries keeps demand high. Abundant availability of its key raw material i.e. Maize in the country is an added advantage for the industry. Area under maize has grown at a CAGR of 2% during 2007-12 whereas production has grown at a CAGR of ~7.5% during the same period. Indian production of maize in 2013-14 could reach 25 million tonnes owing to adequate monsoon which may trigger higher acreage across growing states. India’s per capita consumption of starch is also very low when compared to developed economies like US and China. India with its huge population base and low consumption levels offers a massive opportunity for the starch companies to capture. And since most of the starch in India is produced by maize, maize processing companies have sufficient pie of the market to capture. Growing urbanization, changing consumer preferences and rising disposable incomes are another bunch of opportunities for the incumbents. The industry however is faced with challenges like growing competition in the sector and raw material fluctuations. The industry’s raw material being agricultural in nature is subject to price fluctuations as well as production uncertainty. The report provides an overview on the technical side of the industry by elucidating the list of machinery required for maize processing plant. The report further provides you with scrutiny of demand supply scenario in the industry along with the market forecasts. The demand for processed maize products can be established by the growth in the maize consumption. Maize has varied applications and is consumed by several industries which process it and produce its byproducts. India’s consumption of maize has been rising at a CAGR of ~6% during 2006-07 to 2011-12 and we anticipate this consumption rate to continue in the near future and maize consumption will rise to 25.2 million tonnes by 2016-17E. The report also includes sales data of starch, glucose, dextrose and sorbitol by selected producers. The report presents the supply side with help of upcoming projects of the present players. It also offers total starch production numbers along with production numbers of starch, dextrose, glucose and sorbitol by some major players. The report also provides key player profiles along with key financials and comparison. The report covers companies like Anil Ltd, Sukhjit Starch & Chemicals Ltd, Tirupati Starch & Chemicals Ltd and Gujarat Ambuja Exports Ltd in detail. The report shares vital information like shareholding pattern, revenue mix, plant location and financial summary of the aforesaid companies. The next segment provides complete financial comparison of maize processing companies as well as feed companies. Various changes in the Indian spending patterns as well as consumption boom in the nation have given maize products increased applicability and hence the demand for maize products is ascending. Maize processing in India is fragmented and quite unorganized which limits us to capture the exact size of the industry. Industry in the past has grown at a healthy rate and we estimate it to continue its ride at the same velocity. We anticipate the maize consumption to rise to 25.2 million tonnes by 2016-17E. Reasons for Buying this Report: • This research report helps you get a detail picture of the industry by providing overview of the industry along with the market structure and classification • The report provides market analysis covering major growth driving factors for the industry and latest market trends in the industry • This report helps to understand the present status of the industry by elucidating a comprehensive SWOT analysis and scrutiny of the demand supply situation • Report provides analysis and in-depth financial comparison of major players/competitors • The report provides forecasts of key parameters which helps to anticipate the industry performance Our Approach: • Our research reports broadly cover Indian markets, present analysis, outlook and forecast for a period of five years. • The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players • We use reliable sources of information and databases. And information from such sources is processed by us and included in the report The market research report titled ‘Maize Products in India (Starch, Glucose, Dextrose, Sorbitol) Trends, Opportunities, Market Analysis and Forecasts (Upto 2017)’ released by Niir Project Consultancy Services, provides a comprehensive analysis on Indian maize products industry. Starch, Glucose, Dextrose and Sorbitol are maize products covered in this report. The report starts with a brief on the global scenario of maize and then proceeds to analyze the Indian scenario. The report provides an overview on Maize as a crop giving information about its soil suitability, sowing seasons and the types of maize that are produced in the nation. Maize is one of the oldest cultivated crops in the world. It is also one of the most important cereal crops globally and in India it is the third most important crop after rice and wheat. The suitability of maize to diverse environments is unmatched by any other crop and even every part of the maize plant has economic value: the grain, leaves, stalk, tassel, and cob can all be used to produce a large variety of food and non-food products. As it has yield potential far higher than any other cereal, it is sometimes referred to as the miracle crop or the ‘Queen of Cereals’. It further explains the ways by which maize can be processed and the byproducts after such processes. Maize can be processed by two ways: Dry Milling and Wet Milling. Dry milling of maize produces corn meal, grits, germ and animal feed and wet milling produces starch, gluten and husk. These byproducts of maize processing are used in industries like paper, textiles, pharmaceutical and food & confectionary. Half of the maize in India is consumed as poultry feed, ~1/5 for human consumption and the rest is consumed for starch production, as cattle feed and in breweries. The report provides detailed analysis of the industry by covering areas like growth drivers, trends in the industry as well as the SWOT analysis of the industry. Growth in the consumption of maize products will be majorly driven by the starch segment. Starch industry is often termed as sunrise sector of the nation apparently because of its widespread applicability across various industries. Maize starch in India is used relentlessly in paper, textile, pharma and food industry. The growth in these consumer industries will evidently be felt in the starch sector also. The report elucidates important numbers and forecasts of the consumer industries for better understanding. Also rising demand from the poultry sector will drive the volumes for maize products. One of the trends that have been experienced in the industry is the innovative use of corn starch. Applications of corn starch are not just limited to the industries mentioned above; it has found its relevance in products like bags and car parts. Usage of corn starch bags is rising in India on the back of it being bio-degradable and hence environment friendly. They can also handle more weight and have longer shelf life. Corn starch is also being used in manufacturing of car parts to enhance the car safety aspects. Other trends are emergence of corn oil as an edible oil and also production of ethanol from corn. The report enhances your understanding of the market by giving detailed SWOT analysis. The industry’s biggest strength is the ready available market for its products. Growing population of India coupled with unavoidable usage of maize products in various industries keeps demand high. Abundant availability of its key raw material i.e. Maize in the country is an added advantage for the industry. Area under maize has grown at a CAGR of 2% during 2007-12 whereas production has grown at a CAGR of ~7.5% during the same period. Indian production of maize in 2013-14 could reach 25 million tonnes owing to adequate monsoon which may trigger higher acreage across growing states. India’s per capita consumption of starch is also very low when compared to developed economies like US and China. India with its huge population base and low consumption levels offers a massive opportunity for the starch companies to capture. And since most of the starch in India is produced by maize, maize processing companies have sufficient pie of the market to capture. Growing urbanization, changing consumer preferences and rising disposable incomes are another bunch of opportunities for the incumbents. The industry however is faced with challenges like growing competition in the sector and raw material fluctuations. The industry’s raw material being agricultural in nature is subject to price fluctuations as well as production uncertainty. The report provides an overview on the technical side of the industry by elucidating the list of machinery required for maize processing plant. The report further provides you with scrutiny of demand supply scenario in the industry along with the market forecasts. The demand for processed maize products can be established by the growth in the maize consumption. Maize has varied applications and is consumed by several industries which process it and produce its byproducts. India’s consumption of maize has been rising at a CAGR of ~6% during 2006-07 to 2011-12 and we anticipate this consumption rate to continue in the near future and maize consumption will rise to 25.2 million tonnes by 2016-17E. The report also includes sales data of starch, glucose, dextrose and sorbitol by selected producers. The report presents the supply side with help of upcoming projects of the present players. It also offers total starch production numbers along with production numbers of starch, dextrose, glucose and sorbitol by some major players. The report also provides key player profiles along with key financials and comparison. The report covers companies like Anil Ltd, Sukhjit Starch & Chemicals Ltd, Tirupati Starch & Chemicals Ltd and Gujarat Ambuja Exports Ltd in detail. The report shares vital information like shareholding pattern, revenue mix, plant location and financial summary of the aforesaid companies. The next segment provides complete financial comparison of maize processing companies as well as feed companies. Various changes in the Indian spending patterns as well as consumption boom in the nation have given maize products increased applicability and hence the demand for maize products is ascending. Maize processing in India is fragmented and quite unorganized which limits us to capture the exact size of the industry. Industry in the past has grown at a healthy rate and we estimate it to continue its ride at the same velocity. We anticipate the maize consumption to rise to 25.2 million tonnes by 2016-17E. Reasons for Buying this Report: • This research report helps you get a detail picture of the industry by providing overview of the industry along with the market structure and classification • The report provides market analysis covering major growth driving factors for the industry and latest market trends in the industry • This report helps to understand the present status of the industry by elucidating a comprehensive SWOT analysis and scrutiny of the demand supply situation • Report provides analysis and in-depth financial comparison of major players/competitors • The report provides forecasts of key parameters which helps to anticipate the industry performance Our Approach: • Our research reports broadly cover Indian markets, present analysis, outlook and forecast for a period of five years. • The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players • We use reliable sources of information and databases. And information from such sources is processed by us and included in the report TABLE OF CONTENTS 1. OVERVIEW 1.1 TYPES OF MAIZE 1.2 MAIZE PROCESSING METHODS & BY PRODUCTS 2. MARKET ANALYSIS 2.1 INDUSTRY GROWTH DRIVERS 2.1.1 Blooming starch industry 2.1.2 Burgeoning food industry 2.1.3 Rising paper consumption 2.1.4 Growing textile industry 2.1.5 Opportunities in the pharmaceutical industry 2.1.6 Rising demand from Feed industry 2.2 EMERGING TRENDS IN THE INDUSTRY 2.2.1 Corn Oil 2.2.2 Corn starch – New Applications 2.2.3 Corn to ethanol 2.3 SWOT ANALYSIS 2.3.1 Strengths 2.3.1.1 Ready market base 2.3.1.2 Abundant raw material 2.3.1.3 Widespread applicability 2.3.2 Weaknesses 2.3.2.1 Raw material fluctuations 2.3.3 Opportunities 2.3.3.1 Low per capita consumption of starch 2.3.3.2 Urbanization 2.3.3.3 Rising Disposable Incomes & Discretionary Spends 2.3.4 Threats 2.3.4.1 Competition 2.4 MACHINERY & EQUIPMENT 2.4.1 Machinery for starch plant 2.4.2 Machinery for liquid glucose and dextrose plant 2.4.3 Machinery for Sorbitol Plant 3. MARKET FORECASTS 3.1 Demand 3.1.1 Starch 3.1.2 Glucose & Dextrose 3.1.3 Sorbitol 3.2 Supply 3.2.1 Starch 3.2.2 Glucose & Dextrose 3.2.3 Sorbitol 3.3 Foreign Trade 4. KEY PLAYERS 4.1 SUKHJIT STARCH & CHEMICALS LTD 4.2 TIRUPATI STARCH & CHEMICALS LTD 4.3 GUJARAT AMBUJA EXPORTS LTD 4.4 ANIL LTD 5. KEY FINANCIALS & ANALYSIS 5.1 CONTACT INFORMATION 5.1.1 Registered office address 5.1.1.1 Maize Processing Companies 5.1.1.2 Feed Companies 5.1.2 Director’s Name 5.1.2.1 Maize Processing Companies 5.1.2.2 Feed Companies 5.2 KEY FINANCIALS 5.2.1 Plant Locations 5.2.1.1 Maize Processing Companies 5.2.1.2 Feed Companies 5.2.2 Raw Material Consumption 5.2.2.1 Maize Processing Companies 5.2.2.2 Feed Companies 5.2.3 Plant Capacity & Sales 5.2.3.1 Maize Processing Companies 5.2.3.2 Feed Companies 5.3 FINANCIAL COMPARISON 5.3.1 Assets 5.3.1.1 Maize Processing Companies 5.3.1.2 Feed Companies 5.3.2 Liabilities 5.3.2.1 Maize Processing Companies 5.3.2.2 Feed Companies 5.3.3 Growth in assets & liabilities 5.3.3.1 Maize Processing Companies 5.3.3.2 Feed Companies 5.3.4 Income & Expenditure 5.3.4.1 Maize Processing Companies 5.3.4.2 Feed Companies 5.3.5 Growth in Income & Expenditure 5.3.5.1 Maize Processing Companies 5.3.5.2 Feed Companies 5.3.6 Profits 5.3.6.1 Maize Processing Companies 5.3.6.2 Feed Companies 5.3.7 Liquidity Ratios 5.3.7.1 Maize Processing Companies 5.3.7.2 Feed Companies 5.3.8 Profitability Ratios 5.3.8.1 Maize Processing Companies 5.3.8.2 Feed Companies 5.3.9 Return Ratios 5.3.9.1 Maize Processing Companies 5.3.9.2 Feed Companies 5.3.10 Working Capital & Turnover Ratios 5.3.10.1 Maize Processing Companies 5.3.10.2 Feed Companies 6. INDUSTRY SIZE & OUTLOOK LIST OF FIGURES & TABLES Figure 1 Top Maize producing countries in the world Figure 2 Consumption pattern of maize in India Figure 3 Size of Indian processed food industry (In INR Billion, 2012-17E) Figure 4 Paper consumption in India (2012-17E, In Million Tonnes) Figure 5 Size of Indian textile industry (2012-17E, In INR Billion) Figure 6 Per capita consumption of medicines in major countries (In USD) Figure 7 Size of Indian pharmaceutical industry (2012-17E, In INR billion) Figure 8 Population of India (2008-17E, In Millions) Figure 9 Production of Maize in India (2007-14, In Million Tonnes) Figure 10 Area under maize cultivation in India (2007-12, In Million Hectares) Figure 11 Growth trend of maize production- kharif (2007-12) Figure 12 MCX spot price of Maize (Oct 2013-Dec 2013) Figure 13 Consumption comparison of starch Figure 14 Indian population structure- Rural & Urban Figure 15 Growing discretionary spend in India Figure 16 India's annual per capita income (2008-13, In INR) Figure 17 Domestic Consumption of Maize in India (2007-12, In Million Tonnes) Figure 18 Domestic consumption of maize in India (2013-17E, In Million Tonnes) Figure 19 Sorbitol sales growth (2007-17E, In '000 Tonnes) Figure 20 Total production of starch by top players (2011, In '000 Tonnes) Figure 21 Starch production in India (2010-17E, In '000 Tonnes) Figure 22 Sorbitol production by selected producers (2007-17E, In '000 Tonnes) Figure 23 Foreign trade of corn starch in India (2011-17E, In INR Million) Figure 24 Foreign trade of maize gluten (2012-13, In INR Million) Figure 25 Sukhjit Starch & Chemicals Ltd- Shareholding Pattern (Dec 2013) Figure 26 Sukhjit Starch & Chemicals Ltd- Revenue distribution (March 2013) Figure 27 Tirupati Starch & Chemicals Ltd- Shareholding Pattern (Dec 2013) Figure 28 Tirupati Starch & Chemicals Ltd- Revenue distribution (March 2013) Figure 29 GAEL- Shareholding Pattern (Dec 2013) Figure 30 GAEL- Revenue distribution (March 2013) Figure 31 Anil Ltd- Shareholding pattern (Dec 2013) Figure 32 Anil Ltd- Revenue distribution (March 2013) Table 1 Machinery for starch plant Table 2 Machinery for liquid glucose & dextrose plant Table 3 Machinery for sorbitol plant Table 4 Qty of starch sold by selected producers (2009-11) Table 5 Qty of Glucose and dextrose sold by selected producers (2007-11) Table 6 Qty of Sorbitol sold by selected producers Table 7 Capacity addition in Maize processing industry Table 8 Glucose & Dextrose production by selected producers (2007-11) Table 9 Production qty of Sorbitol by selected producers (2007-11) Table 10 Sukhjit Starch & Chemicals Ltd- Plant locations (March 2013) Table 11 Sukhjit Starch & Chemicals Ltd- Financial Summary (2011-13) Table 12 Tirupati Starch & Chemicals Ltd- Plant locations (March 2013) Table 13 Tirupati Starch & Chemicals Ltd- Financial summary (2011-13) Table 14 GAEL- Plant locations (March 2013) Table 15 GAEL- Financial summary (2011-13) Table 16 Anil Ltd- Plant locations (March 2013) Table 17 Anil Ltd- Financial Summary (2011-13)
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: 1.00%
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Maize Processing Unit (Starch, Glucose, Germs, Fibres, Gluten & Steep Water)- Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Plant Layout

The maize also called "Corn or Indian Corn" is widely cultivated in India; Maize ranks high among the four or five principal cereal crops of the world. Maize is utilized in more diversified ways than any other cereal. The grain is quite nutritious, with a high percentage of easily digested carbohydrates, fats and proteins and hardly and deleterious substances. In many underdeveloped or developing countries, including India, maize is an important food crop. Besides food, maize and maize products have numerous industrial uses such as in adhesives, explosives and soaps, and for textile sizing, etc. Maize starch is employed in the manufacture of asbestos, ceramics, dyes, plastics, oil cloth, linoleum, paper, and paper boards, and in textiles, mining, deep oil drilling, and cosmetic and pharmaceutical industries. The average yield in India is 1.68 MT/ha. About 4 million MT is used as animal feed, about 5 million MT is dry milled and 2 million MT is wet milled. Maize is cultivated in almost all states in the country. The crop is grown both in Kharif and Rabi seasons in India with a share of 85 per cent and 15 per cent, respectively. Few Indian Major Players are as under:- Amaravati Agro Ltd. Bharat Starch Inds. Ltd. Gayatri Bioorganics Ltd. K G Gluco Biols Ltd. Kamala Sugar Mills Ltd. Laxmi Starch Ltd. Rai Agro Inds. Ltd. Santosh Starch Ltd.
Plant capacity: 58500 MT /Annum,Maize Starch:39900 MT /Annum,Liquid Glucose: 6000 MT /Annum,Gluten: 5400 MT /Annum,Germ : 2400 MT /Annum,Fiber: 1200 MT /Annum and Steep Water: 3600 MT /AnnumPlant & machinery: Rs. 4008 Lakhs
Working capital: -T.C.I: Cost of Project : Rs. 7237 Lakhs
Return: 22.00%Break even: 37.00%
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Corn Flakes

Corn flakes being one of most nutritious foods and is consumed as breakfast food not only in India but-elsewhere in the world. Basically, it is prepared from maize; this is the main raw material. Flavours, like sugar or salt are also added. Maize, the main raw material, is itself a corn grain. Corn flakes have very good taste. Though several other breakfast cereals are also available in the market but they are still to gain popularity. Besides the good taste, crispy nature, corn flakes are also popular because of their friable texture, blend flavour and above all the ease with which it can be prepared for consumption. Corn Flakes can be manufactured either of the two white or yellow corns. The only difference is that flake formed using yellow corn is more dark in colour. From raw corn flakes (before roasting) corn syrup can be prepared. It is prepared by removing starch from maize by soaking and treating with chemicals. It is also being used by liquor industry for manufacture of beer etc. It all began with Kellogg's entry in India with its cornflakes. It was marketed by the establishment of a 100% subsidiary as Kellogg's India, being the parent company's 30th manufacturing facility, at a total investment of USD 30 mn at Taloja, near Mumbai (Maharashtra). India is considered as one of the largest market for breakfast cereals worldwide. The company was aiming at a business volume of Rs 2 bn in three years' time. When Kellogg's entered India, the per capita consumption of breakfast cereals was a low 2 gm per family per annum which increased to 4.5 gm against 5 kg per annum globally. Few Indian Major Players are as under:- Bagrrys India Ltd. K C L Ltd. Kellogg India Pvt. Ltd. Mohan Meakin Ltd. Mysore Sales International Ltd. Riddhi Siddhi Gluco Biols Ltd.
Plant capacity: 600 MT/AnnumPlant & machinery: Rs. 85 Lakhs
Working capital: -T.C.I: Cost of Project : Rs.282 Lakhs
Return: 24.00%Break even: 56.00%
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Maize Starch and its by Products - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Plant Layout

Maize is one of the cereal grains which produces throughout India and is placed 3rd position in agricultural base production. Maize is constituted by hull, germ, protein, starch and moisture. There is dry and wet milling process of manufacturing of starch, zein, germ and hulls. Starch is the basic constituent of maize and it is converted to liquid glucose by adopting series of digestion steps on starch. It will be basically enzyme and acid digestion system. Pure Starches can be physically modified into various products of varied characteristics. Starch can be potentially used in large number of preparations. Its major applications are in textiles and paper manufacture and in food and pharmaceutical industries. Starch is used in the manufacture of number of products such as starch esters, starch phosphates, glucose, dextrose, sorbitol, ethyl alcohol etc. India is estimated to generate an annual demand of nearly 23 million tonne of corn by 2011-12. According to Vision 2025, released on Thursday by Indian Maize Development Association (IMDA), India's demand for maize is likely to be 22.73 million tonnes in 2011-12, out of which 19.66 million tonnes would be for non-food uses like poultry and cattle feed. However the demand supply gap for starch was so wide during those days, that almost about 45 new units came up with a large installed capacity. Many of these were very small units. The demand of starch and its allied products is increasing day by day in various segments, so for new entrepreneurs there is a good scope in this field. Few Indian Major Players are as under:- Amaravati Agro Ltd. Bharat Starch Inds. Ltd. E I C L Ltd. Gayatri Bioorganics Ltd. Gujarat Ambuja Proteins Ltd. Gulshan Polyols Ltd. Hindustan Maize Products Ltd. Indian Maize & Chemicals Ltd. International Bestfoods Ltd. Jayant Vitamins Ltd. K G Gluco Biols Ltd. Kamala Sugar Mills Ltd. Laxmi Starch Ltd. Origin Agrostar Ltd. Rai Agro Inds. Ltd. Riddhi Siddhi Gluco Biols Ltd. Santosh Starch Ltd. Santosh Starch Products Ltd.
Plant capacity: 30450 MT /AnnumPlant & machinery: Rs. 280 Lakhs
Working capital: -T.C.I: Cost of Project : Rs. 1331 Lakhs
Return: 26.00%Break even: 50.00%
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