Best Business Opportunities in Tamil Nadu
Tamil Nadu is one of the leading Indian states in the production of rice. The state is bestowed with all the favourable conditions for rice cultivation. As rice is grown in 28 districts of the state, around 94% of the total area is under rice cultivation accounting for 98% of the total rice production. The average rice productivity in the state is about 3, 494 kg/ha over a specified tenure of 3 years. It accounts for 79% higher productivity than the triennium average national production. There is a huge availability of raw material (rice) in the state and expansive demand for products derived from rice across the global market.
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As the value-added rice products tend to fetch more profitability. Considering the wide availability of raw material, and potential market demand; manufacturing various edible rice-based products (such as rice noodles, dumplings & flour cakes, cereals, flour, vinegar, syrup, milk, crackers, puffed rice, baked rice products, fermented beverages derived from rice, baby meals, edible rice paper, egg-roll wrappers, and rice bran oil, etc.) can prove to be a lucrative business opportunity.
The highly skilled and expert NPCS team with a well-articulated plan assures higher profits. We offer all the necessary information according to the project requisites.
Apart from the various rice edibles, the vegetative residue (rice straw/rice husk/rice bran) of the rice crop as illustrated below, which is either burned or used as animal fodder can be deployed in manufacturing eco-friendly tableware.
Image Source: www.irri.org
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Burning agricultural waste causes air pollution leading to the emission of various harmful gases. It has a consequent effect not only on the public health but also on the environment. The rice-residue can also be used to manufacture bio-degradable cutlery. Besides, the rice straw conversion process into eco-friendly tableware also generates employment opportunities for the local folks. And also provides an additional income source to the farmers by the disposal and sale of agro-waste.
Bio-degradable tableware manufactured from rice residue is a natural alternative with good durability and can withstand high temperatures without getting damaged. The tableware also tends to be re-usable and has a smooth glossy finish. There is an increasing demand for disposable and cost-effective utensils in different emerging economies, thus catalysing the rise in the bio-degradable cutlery market. This decomposable tableware (such as spoons and plates) has garnered traction in a range of huge gatherings such as rallies, parties, and social events. In recent times, several social and international events have made efforts to popularize bio-degradable tableware. And single-use plastics have been banned in several parts across the globe.
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Bio-degradable cutlery is emerging as a cost-effective alternative for market investors. The eco-friendly tableware market across the globe has increased considerably during the years 2017-2019. As per estimations, the market is expected to rise in the coming four years (2020-2024) at a tremendous rate. The key market drivers are growing urbanization, increased expenditures among the middle-class, surging QSR (Quick Service Restaurant) sector, conducive government and non-government organizational schemes, and the growing alertness about the harmful effects of plastic consumption. Thus, the emerging markets have experienced growth in bio-degradable tableware made from rice husk.
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Considering the huge availability of raw materials (rice) and the consequent rice-waste generated in the state, manufacturing of rice-based edible products and tableware would prove to be a promising business idea to implement.
“NPCS is one of the fore-running brands in the industrial sector offering consolidated technical consultation services. Having explored the market for, ‘Business Prospects of manufacturing rice-based products in Tamil Nadu’, executing the same would prove to be a beneficial business idea”.
Pr.Pet_Art2021
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