Which Business is best in Odisha (Orissa)?

 

Which Business is best in Odisha (Orissa)? Top of 25 Growing & Best Industry for Starting a Business.

Orissa is a place like no other, a glowing green jewel of a state. On the east, 300 miles (482 km) of gentle coastline are open to the Bay of Bengal, while the high hills and mountains of the Eastern Ghats seal the western borders. In between, lie 96,000 square miles (156,000 sq. kgs) of peaceful, rural beauty. Orissa is home to three mighty rivers and to the largest fresh/salt water lake in Asia, to dozens of the most sacred places of pilgrimage in India, and to hundreds of thousands of small, traditional villages, in which almost all of her 26 million people live. Only four cities have more than one hundred thousand inhabitants, and Orissa's urban and rural population’s a like share a strong sense of the holiness of their beautiful land and of their enduring links with the past.

Related Projects: - Best Business Opportunities in Odisha (Orissa)

Odisha is located strategically contiguous to the states of southern, central & eastern parts of India. It has a rich heritage, a vibrant present & a huge potential for Micro, Small & Medium Enterprises. State is also a treasure trove of natural resources. Access to global markets, presence of qualified human resource, robust infrastructure, stable polity and a positive business environment make the Odisha a flavoured destination for investors. Odisha is well connected by surface transport, air & water. The state has extensive rail & road network linking various growth centers. As a measure to encourage foreign airlines to start service from Odisha, the State Govt. has announced zero Value Added Tax on aviation turbine fuel.

Books: - Books & Databases

Map of Odisha

Odisha (Orissa):-

District Name

City Name

1.    Angul

2.    Boudh

3.    Balangir

4.    Bargarh

5.    Balasore

6.    Bhadrak

7.    Cuttack

8.    Debagarh

9.    Dhenkanal

10. Ganjam

11. Gajapati

12. Jharsuguda

13. Jajpur

14. Jagatsinghapur

15. Khordha

16. Kendujhar

17. Kalahandi

18. Kandhamal

19. Koraput

20. Kendrapara

21. Malkangiri

22. Mayurbhanj

23. Nabarangpur

24. Nuapada

25. Nayagarh

26. Puri

27. Rayagada

28. Sambalpur

29. Subarnapur

30. Sundargarh

Bhubaneswar

Cuttack

Raurkela (Rourkela)

Brahmapur (Berhampur)

Sambalpur

Puri

Baleshwar (Balasore)

Bhadrak

Baripada

Balangir

Jharsuguda

Jaypur

Bargarh

Brajarajnagar

Rayagada

Bhawanipatna

Paradip

Dhenkanal

Barbil (Bada Barabil)

Jatani

Kendujhar (Kendujhargarh)

Byasanagar

Rajagangapur

Sunabeda

Koraput

 

Town Name

Agastinuagan

Anjira

Arjyapalli

Badagada

Badakodanda

Badamba (Nizigarh)

Badmal

Balagoda (Bolani)

Balimela

Balugaon

Balipatapur

Banaigarh

Bandhbahal    

Bangomunda

Bardol

Belagachhia

Bhabinipur

Bhakarsahi

Bhapur

Bhatli

Rayagada

Rengali             

R. Udayagiri

Saranga           

Sayadpur         

Sheragada       

Sohela

Town Name

Bijepur

Birapratappur 

Bishamakatak(Bissam Cuttack)

Borigam           

Boriguma Borigumma)  Brahmabarada

Budhapanka

Bundia

Champua         

Chandapur      

Chandili           

Charibatia

Chitrakonda

Dadhapatna    

Daitari 

Damanjodi       

Danara            

Daringbadi

Dungamal        

Ghantapada

Subalaya

Surala

Suvani

Tikarpada    

Tipo

Town Name

Godiputamatiapara 

Golabandha

Hatibandha

Indipur 

Itamati

Jalda

Jashipur

Jhumpura

Kaipadar          

Kalarangiata    

Kaliapani         

Kalyanasingpur

Kandasar         

Kanheipur

Khatiguda

Krushnanandapur

Kuanrmunda   

Kukudakhandi

Kulad   

Kullada

Kunjabangarh 

Tushura

Venkatraipur

Town Name

Kurumuli         

Lalsingi

Lathikata         

Lochapada       

Loisinga           

Madanpur Rampur

Majhihara        

Makundapur

Mohana

Mukhiguda

Nalco

Nuahata          

Nuapatna

Palalahada      

Palurgada        

Panposh           

Papadahandi

Paradipgarh

Pathar

Patrapur

Pitala

Pratapsasan

Raighar

Rajasunakhala

Ramgarh          

Ranapurgada

 

 

MSME Department

The Micro, Small & Medium Enterprises (MSMEs) contribute significantly to value addition, employment generation, exports and overall growth and development of the country’s economy. In Odisha itself MSME units are generating maximum employment next to agriculture. The MSME sector is responsible for about 40 per cent of the exports and 45 per cent of the total manufacturing output in the country. Realizing the significance a separate Department of Micro, Small & Medium Enterprises has been created with an objective to facilitate, promote and enhance competitiveness of MSMEs in the state. It is a State Government initiative to rejuvenate, give topmost priority and thrust for facilitating and co-coordinating the growth and development of the MSME sector.

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Economy of Odisha (Orissa)

Over 76 percent of the people are dependent on agriculture. Out of the gross cropped area of 87.46 lakh hectares, 18.79 lakh hectares are irrigated. Rice, pulses, oil seeds, jute, Mesta, sugarcane, coconut and turmeric are important crops. There are also cash crops like tea, cotton and rubber. The state contributes one-tenth of the rice production in India. Jute, gram, sesame, ragi, mustard, rape and maize are second-ranking crops in different districts. District-wise, jute ranks second in Cuttack and Balasore, gram in Puri and Phulabani and Maize in Mayurbhanj. The infrastructure for the development of industry in Orissa is available.

A combination of coal, iron ore, limestone, bauxite and a host of other minerals on the one hand and port facilities on the other are the unique features in Orissa. In addition, the bountiful forest resources and agricultural products provide ample scope for the development of forest-based and agro-based industries.

The major industries of the state include cement, aluminum, ceramic glass, chemical, fertilizer, heavy water, aeronautical industry, and Agri-based industries such as cotton textiles, sericulture, sugar mills and rice mills.

 

Ease of Doing Business

District Industrial Centers (DIC) shall act as the nodal agency for promotion of MSME in the State

Single Window Clearance & Online Combined Application Form (CAF) to facilitate time bound clearances to investment

District Level Single Window Clearance Authority shall assess & recommend the requirement of land

The DICs shall be strengthened and revitalized to eliminate the existing bottlenecks and facilitate smooth functioning to address the needs of the investors

Market Research: - Market Research Report

Online disbursement of incentives mechanism shall be developed and the applicable incentives shall be disbursed in time bound manner

An online platform shall also be facilitated for the investors to lodge grievances. A team at the state level headed by the Secretary, MSME Department shall monitor all the grievances lodged, and the action taken on the grievances.

Project Opportunities in Orissa:-

1.    Aluminum Ingots from Aluminum Scrap with Dross Processing

2.    Armed Chair and Armless Chair

3.    Automatic Bread And Biscuits Plant

4.    Agricultural Warehouse With Cold Storage

5.    Baby Diaper & Sanitary Napkins

6.    Beer, Whisky & Rum

7.    Bitter Gourd (Karela) Powder

8.    Battery Case

9.    Banana Wafers

10. Buckets

11. Blown Film (BOPP)

12. Box Strap

13. Blow Moulding Containers

14. Bread Making Plant

15. Bakery Industry

16. Biscuits - Manufacturing Plant

17. Baker’s Yeast - Manufacturing Plant

18. Bakery Unit (rusk & Cookies)

19. Bakery Products (cake & Filled Croissants Puffs)

20. Biscuit Plant

21. Biodegradable Plastic Bags From Corn & Cassava Starch Granules

22. Biodegradable Plastic Bags From Corn & Cassava Starch

23. Biodegradable Plates & Bowls From Areca Tree Leaf

24. Biodegradable Plastic Bags From Corn Starch

25. Bio-plastic Bags And Containers From Corn Starch

NPCS, holds a special place, globally and hence ought to be taken as an important part of business ventures as per the modernization with all sorts of increasing trends. Thereby, we hereby inform you to reach out to us in case of expanding or commencing into the same, requiring detailed base projects for the betterment of the business venture. We help you analyse the market, confirm the plant and machinery, look into financial requirements, manufacturing techniques, etc.

Market Research Reports: - Market Research Reports, India and Global Industry Analysis

For detailed analysis and research-based understanding of the Project, please reach out to Niir Project Consultancy Services (NPCS) for a detailed report, Business Plan on the same. Our report covers all the crucial points in the elaboration, inclusive of plant and machinery confirmation, analysis of the market, cost of raw material, balance sheet, Manufacturing Process, and various other important aspects.

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ABOUT NPCS

 

NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. NPCS is manned by engineers, planners, specialists, financial experts, economic analysts and design specialists with extensive experience in the related industries.

Our various services are: Detailed Project Report,  Business Plan for Manufacturing Plant, Start-up Ideas, Business Ideas for Entrepreneurs, Start up Business Opportunities, entrepreneurship projects, Successful Business Plan, Industry Trends, Market Research, Manufacturing Process, Machinery, Raw Materials, project report, Cost and Revenue, Pre-feasibility study for Profitable Manufacturing Business, Project Identification, Project Feasibility and Market Study, Identification of Profitable Industrial Project Opportunities, Business Opportunities, Investment Opportunities for Most Profitable Business in India, Manufacturing Business Ideas, Preparation of Project Profile, Pre-Investment and Pre-Feasibility Study, Market Research Study, Preparation of Techno-Economic Feasibility Report, Identification and Section of Plant, Process, Equipment, General Guidance, Startup Help, Technical and Commercial Counseling for setting up new industrial project and Most Profitable Small Scale Business.

NPCS also publishes varies process technology, technical, reference, self employment and startup books, directory, business and industry database, bankable detailed project report, market research report on various industries, small scale industry and profit making business. Besides being used by manufacturers, industrialists and entrepreneurs, our publications are also used by professionals including project engineers, information services bureau, consultants and project consultancy firms as one of the input in their research.

Our Detailed Project report aims at providing all the critical data required by any entrepreneur vying to venture into Project. While expanding a current business or while venturing into new business, entrepreneurs are often faced with the dilemma of zeroing in on a suitable product/line.

 


And before diversifying/venturing into any product, wish to study the following aspects of the identified product:


• Good Present/Future Demand
• Export-Import Market Potential
• Raw Material & Manpower Availability
• Project Costs and Payback Period


We at NPCS, through our reliable expertise in the project consultancy and market research field, Provides exhaustive information about the project, which satisfies all the above mentioned requirements and has high growth potential in the markets. And through our report we aim to help you make sound and informed business decision.

 

The report contains all the data which will help an entrepreneur find answers to questions like:

• Why I should invest in this project?
• What will drive the growth of the product?
• What are the costs involved?
• What will be the market potential?


The report first focuses on enhancing the basic knowledge of the entrepreneur about the main product, by elucidating details like product definition, its uses and applications, industry segmentation as well as an overall overview of the industry sector in India. The report then helps an entrepreneur identify the target customer group of its product. It further helps in making sound investment decision by listing and then elaborating on factors that will contribute to the growth of product consumption in India and also talks about the foreign trade of the product along with the list of top importing and top exporting countries. Report includes graphical representation and forecasts of key data discussed in the above mentioned segment. It further explicates the growth potential of the product.

The report includes other market data like key players in the Industry segment along with their contact information and recent developments. It includes crucial information like raw material requirements, list of machinery and manufacturing process for the plant. Core project financials like plant capacity, costs involved in setting up of project, working capital requirements, projected revenue and profit are further listed in the report.


Reasons for buying the report:

• This report helps you to identify a profitable project for investing or diversifying into by throwing light to crucial areas like industry size, demand of the product and reasons for investing in the product.

• This report provides vital information on the product like its definition, characteristics and segmentation.

• This report helps you market and place the product correctly by identifying the target customer group of the product.

• This report helps you understand the viability of the project by disclosing details like raw materials required, manufacturing process, project costs and snapshot of other project financials.

• The report provides forecasts of key parameters which helps to anticipate the industry performance and make sound business decision.

 

Our Approach:


• Our research reports broadly cover Indian markets, present analysis, outlook and forecast.

• 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.

 

Our Market Survey cum Detailed Techno Economic Feasibility Report Contains following information:

 

 

Ø  Introduction

·         Project Introduction

·         Project Objective and Strategy

·         Concise History of the Product

·         Properties

·         BIS (Bureau of Indian Standards) Provision & Specification

·         Uses & Applications

 

Ø  Market Study and Assessment

·         Current Indian Market Scenario

·         Present Market Demand and Supply

·         Estimated Future Market Demand and Forecast

·         Statistics of Import & Export

·         Names & Addresses of Existing Units (Present Players)

·         Market Opportunity

 

Ø  Raw Material

·         List of Raw Materials

·         Properties of Raw Materials

·         Prescribed Quality of Raw Materials

·         List of Suppliers and Manufacturers

 

Ø  Personnel (Manpower) Requirements

·         Requirement of Staff & Labor (Skilled and Unskilled) Managerial, Technical, Office Staff and Marketing Personnel

 

Ø  Plant and Machinery

·         List of Plant & Machinery

·         Miscellaneous Items

·         Appliances & Equipments

·         Laboratory Equipments & Accessories

·         Electrification

·         Electric Load & Water

·         Maintenance Cost

·         Sources of Plant & Machinery (Suppliers and Manufacturers)

 

Ø  Manufacturing Process and Formulations

·         Detailed Process of Manufacture with Formulation

·         Packaging Required

·         Process Flow Sheet Diagram

 

Ø  Infrastructure and Utilities

·         Project Location

·         Requirement of Land Area

·         Rates of the Land

·         Built Up Area

·         Construction Schedule

·         Plant Layout and Requirement of Utilities

 

Project at a Glance

Along with financial details as under:

 

  •     Assumptions for Profitability workings

  •    Plant Economics

  •    Production Schedule

  •    Land & Building

            Factory Land & Building

            Site Development Expenses

  •    Plant & Machinery

             Indigenous Machineries

            Other Machineries (Miscellaneous, Laboratory etc.)

  •    Other Fixed Assets

            Furniture & Fixtures

            Pre-operative and Preliminary Expenses

            Technical Knowhow

            Provision of Contingencies

  •   Working Capital Requirement Per Month

             Raw Material

            Packing Material

            Lab & ETP Chemical Cost

           Consumable Store

  •   Overheads Required Per Month And Per Annum

         Utilities & Overheads (Power, Water and Fuel Expenses etc.)

             Royalty and Other Charges

            Selling and Distribution Expenses

  •    Salary and Wages

  •    Turnover Per Annum

  •   Share Capital

            Equity Capital

            Preference Share Capital

 

  •    Annexure 1:: Cost of Project and Means of Finance

  •    Annexure 2::  Profitability and Net Cash Accruals

                Revenue/Income/Realisation

                Expenses/Cost of Products/Services/Items

                Gross Profit

                Financial Charges     

                Total Cost of Sales

                Net Profit After Taxes

                Net Cash Accruals

  •   Annexure 3 :: Assessment of Working Capital requirements

                Current Assets

                Gross Working. Capital

                Current Liabilities

                Net Working Capital

                Working Note for Calculation of Work-in-process

  •    Annexure 4 :: Sources and Disposition of Funds

  •    Annexure 5 :: Projected Balance Sheets

                ROI (Average of Fixed Assets)

                RONW (Average of Share Capital)

                ROI (Average of Total Assets)

  •    Annexure 6 :: Profitability ratios

                D.S.C.R

                Earnings Per Share (EPS)

               

             Debt Equity Ratio

        Annexure 7   :: Break-Even Analysis

                Variable Cost & Expenses

                Semi-Var./Semi-Fixed Exp.

                Profit Volume Ratio (PVR)

                Fixed Expenses / Cost 

                B.E.P

  •   Annexure 8 to 11:: Sensitivity Analysis-Price/Volume

            Resultant N.P.B.T

            Resultant D.S.C.R

   Resultant PV Ratio

   Resultant DER

  Resultant ROI

          Resultant BEP

  •    Annexure 12 :: Shareholding Pattern and Stake Status

        Equity Capital

        Preference Share Capital

  •   Annexure 13 :: Quantitative Details-Output/Sales/Stocks

        Determined Capacity P.A of Products/Services

        Achievable Efficiency/Yield % of Products/Services/Items 

        Net Usable Load/Capacity of Products/Services/Items   

       Expected Sales/ Revenue/ Income of Products/ Services/ Items   

  •    Annexure 14 :: Product wise domestic Sales Realisation

  •    Annexure 15 :: Total Raw Material Cost

  •    Annexure 16 :: Raw Material Cost per unit

  •    Annexure 17 :: Total Lab & ETP Chemical Cost

  •    Annexure 18  :: Consumables, Store etc.,

  •    Annexure 19  :: Packing Material Cost

  •    Annexure 20  :: Packing Material Cost Per Unit

  •    Annexure 21 :: Employees Expenses

  •    Annexure 22 :: Fuel Expenses

  •    Annexure 23 :: Power/Electricity Expenses

  •    Annexure 24 :: Royalty & Other Charges

  •    Annexure 25 :: Repairs & Maintenance Exp.

  •    Annexure 26 :: Other Mfg. Expenses

  •    Annexure 27 :: Administration Expenses

  •    Annexure 28 :: Selling Expenses

  •    Annexure 29 :: Depreciation Charges – as per Books (Total)

  •   Annexure 30   :: Depreciation Charges – as per Books (P & M)

  •   Annexure 31   :: Depreciation Charges - As per IT Act WDV (Total)

  •   Annexure 32   :: Depreciation Charges - As per IT Act WDV (P & M)

  •   Annexure 33   :: Interest and Repayment - Term Loans

  •   Annexure 34   :: Tax on Profits

  •   Annexure 35   ::Projected Pay-Back Period And IRR