Best Business Opportunities in Punjab
The state of Punjab is one of the smallest Indian states. It accounts for only 15% of the total area of the nation. Of which 4.2 million hectares is the net area under cultivation, leaving less than 17% of the area for roads, habitation, canals, river, wastelands, etc.
Related Project: Eco-Friendly Profitable Business Ideas of Compostable & Disposable Tableware from Rice Straw and Wheat Straw
1.) Bio-Degradable Plates Made from Rice and Wheat Straw: Punjab severely lacks adequate management of crop residues (especially rice straw and wheat straw). While these straws are used as dry fodder for animals, rice stubbles are completely burnt in the fields leading to loss of nutrients and environmental pollution. Punjab manufactures about 20 million tons of paddy straw and 85% of the straw is burnt. Stubble burning has an adverse effect in the form of emissions, as it has negative climatic implications. And it also tends to add health expenditures to the people in affected regions and economic obstacles (such as hurdles/delays in flights, accidents, traffic, etc.).
Rice straw which is rich in Silica tends to slow down the degradation process. The paddy straw can be converted into a fibrous raw material that can be used by pulp-molding industries to prepare bio-degradable cutlery. Wheat straw is the by-product retained after wheat harvest to make a plastic-like substance, an ideal zero-waste alternative. Wheat straw contains Lignin, when combined with sugar, and can be converted into bio-plastic. Wheat straw plastic is compostable and can decompose at a commercial or home site, leaving behind no toxins. And the compost becomes useful for plant growth in the future.
Rice and wheat straw plastic are the latest smart and eco-friendly alternative; as regular plastic tends to have a devastating impact on the environment. These straws can be used to manufacture food containers, drinking straws, reusable cups and glasses, plates, and other cutlery types. Considering the widespread availability of paddy and wheat straw in the state which is eventually burnt, manufacturing bio-degradable cutlery tends to be a viable and profitable prospect.
The proficient and expert team of NPCS with a well-formulated plan ensures higher gains. We offer all the essential information as per project requirements.
Related Book: Integrated Organic Farming Handbook
2.) Micro-Nutrient Production: Beyond the primary 3 significant nutrients NPK (Nitrogen, Phosphorous, and Potassium), other essential secondary micronutrients such as iron, zinc, manganese, molybdenum, boron, and copper are required for plant growth and soil health. These micro-nutrients have commercial availability and agricultural applicability in several forms. Micro-nutrients are important agrochemicals for plant growth and play a crucial role in balanced crop nutrition. A lack of any micronutrient in the soil can inhibit plant growth, even if all the nutrients are existing in adequate quantities.
Punjab is one of the fertile states in India and highly conducive for growing various crops. As micronutrients play a vital role in any type of crop farming, starting a micronutrient manufacturing business with considerable capital investment would prove to be a profitable venture in the state. On a global scale, micronutrient production is a billion-dollar industrial sector and has an immense scope of export.
3.) Candle Manufacturing: The electricity demand in the state is suppressed and not effective, as supply is less than demand. As electricity is a major issue in several areas of Punjab, the majority of people use candles in their homes. In recent times, the state has been facing power shortage of about 1000 megawatts and the power cuts would tend to lengthen. Considering the increasing power shortage, there is a huge demand for candles in the state and is one of the profitable business opportunities to start with on a small-scale.
Related Videos: Business Opportunities at North India, Northern India States Startup Ideas, Profitable Business Ideas
NPCS is one of the prominent brands in the corporate world offering consolidated technical consulting services. Having explored the market for ‘Business Opportunities in Punjab’, venturing the same would result in higher profits!
Pr.Pet_Art2021
Tags:-
#Top Business Opportunities in Punjab
#Best Business ideas to start in the state of Punjab
#Profitable Business ideas to start in Punjab
#Businesses to invest in the state of Punjab
#Upcoming business opportunities in Punjab
#Managing the crop residue of Punjab by generating revenue
#Businesses to start in Punjab with lower investments and higher profits
#Business prospects of manufacturing micro-nutrients in the state of Punjab
#Punjab: A state full of Opportunities
#The lucrative market of Punjab
#DetailedProjectReport #businessconsultant #BusinessPlan #feasibilityReport #NPCS #bussinessplanshub #Startupbusiness4you #StartupBusinessPlan #startupinvestment #CandleManufacturing #Micronutrients #DisposableProducts #WheatStraw
