Choose the Right Business to Start with Investment of 40 Lakhs (Plant and Machinery). MSME Projects
Indian Industry under the able leadership of our PM Shri Narendra Modi is growing at a very fast rate of 8%.There is increased Investor Confidence, and many schemes have been launched by the government to promote the industry.
Indian economy is driven by SMEs which constitutes 33 percent of manufacturing and 67 percent of service and retail. The service and retail segment is expected to be 80 percent by the time it is 2020. And it is this segment particularly, where the low cost business opportunities come into play.
The SME business market of India is large and bubbling with newer opportunities. Increased purchasing power and consumerism is what drives the business scenario in India. Thus, here is an opportunity for competitive advantage that can benefit investors and entrepreneurs to a large extent. An investment in any best small business opportunity promises lucrative returns and success in less time.
There are various reasons due to which the small scale business in India has witnessed a spurt of growth. Some of these factors are:
· Less Capital Intensive
· Extensive Promotion & Support by Government
· Reservation for Exclusive Manufacture by small scale sector
· Project Profiles
· Funding - Finance & Subsidies
· Machinery Procurement
· Raw Material Procurement
· Manpower Training
· Technical & Managerial skills
· Tooling & Testing support
· Reservation for Exclusive Purchase by Government
· Export Promotion
· Growth in demand in the domestic market size due to overall economic growth
· Increasing Export Potential for Indian products
· Growth in Requirements for ancillary units due to the increase in number of Greenfield units coming up in the large-scale sector.
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Here is a list of business ideas for Startup:
Calcium & Zinc Stabilizers
Calcium-based stabilisers (including Ca-Zn ones) are now largely used in wires and cables, in window and technical profiles and in any type of pipes as well as the corresponding fittings.Ca-Zn stabilisers are used as metallic soaps such as stearates. Calcium-based stabilisers have also been introduced in PVC rigid calendering film production.
CaZn stabilizers already hold a larger market share than lead. They provide excellent electrical properties, very good color, outstanding heat stability, good heat aging properties, and are in some cases superior to lead. Market share is expected to reach USD 7 billion by 2024. Which facilitates the development of new technologies and ensure a high quality product.
Sanitary Napkins
Sanitary Napkin comes under Nonwoven fabrics which as a whole come under technical textile. In addition to sanitary napkins non-woven fabric is also used in several other products like cigarette filters, headliners, airlines disposables, surgical disposables, non-woven wipes, non-woven abrasives, sports footwear components etc. Medi tech products include textile material used in hygiene, health and personal care as well as surgical applications.
The Indian sanitary napkin market reached a value of nearly US$ 414 Million in 2016, the market is expected to reach a value of around US$ 596 Million by 2022, growing at a CAGR of more than 6% during 2017-2022.Thus, due to demand it is best to invest in this project.
Related Business Plan: Business Ideas: 40 - 50 Lakhs (Plant and Machinery): Selected Project Profiles for Entrepreneurs, Startups
Moringa Oleifera (Drumstick) Powder
Moringa or drum sticks is among the well-known vegetables being used in our food during its availability. It is commonly known as “Sejana”. Drumstick is a tropical vegetable, which is very popular in South India and other parts of country. The powder prepared from drumstick can be used as a flavoring agent for various non-vegetarian dishes to enhance the flavour of chicken or meat and can also be used for drumstick soup preparation by adding spice powder and other ingredients.
India is the largest producer of moringa, with an annual production of 1.1 to 1.3 million tonnes of fruits from an area of 380 km².Today, the moringa market globally is estimated at more than Rs 27,000 crore, which is expected to cross Rs 47, 250 crore by 2020, growing at a rate of nine per cent per year. Which facilitates the development of new technologies and ensure a high quality product.
Surgical Hand Gloves and Mackintosh Sheets (Hospital Rubber Sheet)
Medical gloves are disposable gloves used during medical examinations and procedures to help prevent cross-contamination between caregivers and patients. Surgical gloves are generally sterile surgical gloves are made from natural rubber latex which provides excellent tactile sensitivity and comfort. Mackintosh sheeting that is also known as Hospital Rubber Cloth. These double faced sheets are available in the width of 90 cm.
Indian surgical glove market is growing at 15% while the demand for examination gloves has been rising by 20% per annum. The Global Rubber Gloves market is expected to grow at a CAGR of 8.5% between 2014 and 2022. As a whole any entrepreneur can venture in this project without risk and earn profit.
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Tea Blending and Packaging
The tea-plant, in its natural state, grows into a small or medium-sized tree, but in commercial plantations it is pruned and trained to form a many-branched low bush and is encouraged to produce vigorous vegetative growth by adopting an appropriate schedule of fertilizer applications. Blending is the process of mixing of high grade different type of teas.
Tea is the world’s and India’s beverage of choice, after water. The organised branded tea segment was at about Rs 12,970 crore in 2017, up from Rs 12,240 crore in 2016, according to market research firm Euromonitor International. India is the world’s second largest producer of tea, after China. In 2017-18, it recorded the highest production, at 1,325 million kg, 6% higher than the previous year. Exports grew at more than twice that rate to hit 257 million kg. The market is expected to grow annually by 6.5% (CAGR 2018-2021). This facilitates the development of new technologies and ensures a high quality product.
Herbal Products (Amla, Triphala, and Tooth Powder) Herbal Pellet (Tablet) Herbal Oil (Hair Oil and Skin Oil)
Herbal products are medicines derived from plants. They are used as supplements to improve health and wellbeing, and may be used for other therapeutic purposes. Herbal products are available as tablets, capsules, powders, extracts, teas and so on. Herbal medicines are thought to be safe as it is natural, but in fact it can cause serious adverse effects and interaction with other drugs and supplements. An herb is a plant or plant part used for its scent, flavor, or therapeutic properties.
Indian consumers are increasingly transitioning towards herbal and natural offerings, especially in analgesics, cold, cough and allergy (hay fever) remedies and dermatological. The demand for plant based medicines, health products, pharmaceuticals, food supplement, cosmetics etc. are increasing in both developing and developed countries, due to the growing recognition that the natural products are non-toxic, have less side effects and easily available at affordable prices. This facilitates the development of new technologies and ensures a high quality product.
Admixtures Plant (Water Retarding Admixtures for Concrete)
Water reducers, retarders, and super plasticizers are admixtures for concrete, which are added in order to reduce the water content in a mixture or to slow the setting rate of the concrete while retaining the flowing properties of a concrete mixture. Admixtures are used to modify the properties of concrete or mortar to make them more suitable to work by hand or for other purposes such as saving mechanical energy. The use of WRA may accelerate or retard the initial setting time of concrete.
Rate of concrete admixtures market growth is highly influenced by construction industry in developing economies and worldwide markets will hit $18.10 billion by 2020, at a CAGR of 9.15% between 2015 and 2020.The market size in terms of value of water retarding admixture is estimated to be USD 2.52 billion in 2015 and is projected to grow at a CAGR of about 8.16% between 2015 and 2020.Thus, due to demand it is best to invest in this project.
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E-Rickshaw Assembling
E-Rickshaws are three wheel battery operated vehicles, which are considered as an upgrade to conventional rickshaws, and economically better than auto rickshaws and other fuel variants, these rickshaws, since are battery powered have zero emission, and is often argued to be much better than other rickshaws as they are considered almost pollution free. Such vehicle is constructed or adapted to carry not more than four passengers, excluding the driver, and not more than forty kilograms luggage in total.
The Indian automobile industry is one of the largest growing markets of the world, and contributes highly in the country’s manufacturing facilities. Not only this, the automotive industry in India is further expected to pull up the share of manufacturing in India’s GDP to 25% by 2022 from 15% currently, with production of Electric Vehicles being new talk of the town. Entrepreneurs who invest in this project will be successful.
Palm Oil
Palm oil is a fatty edible vegetable oil, yellowish in color, derived from the flesh and the kernel of the fruit of the oil palm tree. The oil palm tree is a tropical, single stemmed tree having feather like leaves that gains a height of around 20 meters. Palm oil is used in the manufacturing of soaps, ointments, cosmetics, detergents, and lubricants and also as cooking oil. Commercially palm oil is used in various forms such as crude palm oil, crude palmolien, refined bleached deodorized (RBD) palm oil, RBDpmolein and palm kernel oil. The palm oil is produced by extraction from the reddish to orange pulps of the oval shaped fruits which grow on stalks in fresh fruit bunches (FFB) on the oil palms.
India imported 487,147 tonnes of palm oil. The industry in India presents massive potential for growth since the government has allowed 100% FDI in plantation and has also pledged huge financial aid to farmers in upcoming years. Palm oil is also anticipated to grow at the modest pace with over 6.3% CAGR.As a whole any entrepreneur can venture in this project without risk and earn profit.
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Cheese Analogues
Cheese analogues (more widely known as cheese alternatives) are products used as culinary replacements for cheese. These include vegan cheeses as well as some dairy products, such as processed cheese or Kraft Singles that do not qualify as true cheeses. Cheese analogues used especially for pizza are produced by using rennet casein, acid casein, vegetable oil mixtures and other functional additive substances. A typical MCA formulation is determined as casein and caseinates 18-24%, vegetable oil 22-28%, starch 0-3%, ES 0.5-2, sweeteners and flavorants 0.5-3%, stabilizer 0-0.5%, acidifiers 0.2-0.36%, colourants 0.04%, preservatives 0.10% and water content 45-55%.
Cheese Analogues market is currently experiencing a growth in demand due to need of reduction in prices of cheese production. Cheese analogues are produced with the help of different types of methods and production techniques. Cheese analogue’s produced with the help of individual constituent, soya oil and casein etc. are cheaper alternatives for milk dry matter. In India, a successful attempt has been made in developing MCA based on acid casein and vegetable oil/fat blend taking help of emulsifying salts and rennet casein and speciality fat. As a whole you can invest in this project without risk and earn profit.
Dental Products (Alginate, GI Cement, Composite Resin Poly Carboxylate Cement)
A dental impression is a negative imprint of hard (teeth) and soft tissues in the mouth from which a positive reproduction (cast or model) can be formed. Impression material is of liquid or semi-solid nature when first mixed and placed in the mouth. It then sets to become an elastic solid (usually takes a few minutes depending upon the material), leaving an imprint of person's dentition and surrounding structures of oral cavity. Alginate is an irreversible hydrocolloid. It exists in two phases: either as a viscous liquid, or a solid gel, the transition generated by a chemical reaction. The overall setting double composition reaction is as follows:
Potassium (sodium) alginate + calcium sulphate dihydrate + water → calcium alginate + potassium (sodium) sulphate Sodium phosphate is added as a retarder which preferentially reacts with calcium ions to delay the set of the material.
The market has been estimated at USD 6.2 billion in 2016 and is projected to reach USD 8.5 billion by 2021, at a CAGR of 6.5% during the forecast period from 2016 to 2021. Dental equipment is tools used to diagnose and treat dental diseases. Dental tools are used by dental professionals to examine, manipulate, restore and remove teeth and surrounding oral structures and to provide dental treatment. The end-users for this market include hospitals, dental clinics, and dental practitioners.
The Global Restorative Dentistry Market is projected to Reach USD 21.27 Billion by 2022 from USD 15.60 Billion in 2017, at a CAGR of 6.4% Increase in the prevalence of dental diseases (dental caries and edentulism), rising demand for advanced cosmetic dental procedures, growing dental tourism, and increasing dental expenditure are the major factors driving the demand for restorative dentistry. As a whole any entrepreneur can venture in this project without risk and earn profit.
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Cross-Linked Sodium Carboxymethyl Cellulose
Cross-linked sodium carboxymethyl cellulose is also known as croscarmellose sodium or modified cellulose gum. Crosslinked sodium carboxymethylcellulose (CMC), croscarmellose, is prepared by the reaction of Na-CMC with acids. The raw material is usually a high viscosity sodium CMC with a low degree of substitution. The cross-linking reduces water solubility while still allowing the material to swell (like a sponge) and absorb many times its weight in water. As a result, it provides superior drug dissolution and disintegration characteristics. Cross-linked sodium carboxymethyl cellulose is used in tablets of table-top sweeteners and dietary food supplements, as it facilitates disintegration in aqueous solutions, with a maximum level of use of 30 g/kg.
The global carboxymethyl cellulose (CMC) market was estimated at $1,151.7 Million in 2014 and is projected to register a CAGR of 4.2% between 2015 and 2020. Carboxymethyl cellulose (CMC) or cellulose gum is a cellulose derivative with carboxymethyl group in its chain. CMC is physiologically inert, chemically stable, odorless and tasteless substance which safe for health and environment. The growth of processed food industry, increasing pharmaceutical and cosmetics production, and the growing oil drilling activities are the major factors driving the growth of CMC market. As a whole entrepreneur can venture in this field will be successful.
Infrared Reflected (IR) Paint
The sun energy reaches Earth as UV, visible and infrared radiation. The last one is largely responsible for heat build-up. Solar radiation, visible radiation, near infrared (NIR) radiation, very short wavelength infrared (VSWIR) radiation etc. The visible region of the electromagnetic spectrum is commonly considered to be the wavelength range between 0.4-0.72 μm (400-720 nm).The polymers used in the SRP roof systems expand when wet, offering unparalleled protection expands when wet offering unparalleled protection against damaging moisture penetration. The roof coat resin has a very special property known as “Variable Permeability”. When conditions are wet, the polymers swell up becoming completely watertight. This report deals with the simulation thermal coating for providing the room comfort and thereby reducing the usage of Air conditioning units and fans.
Infrared-reflective coatings can be formulated with various pigments, metals (such as aluminum) or other materials to produce an IR-reflective barrier. The paints industry in India has been growing at the rate of around 12% a year. The paints market has crossed the Rs. 135 bn mark. By volume, the market is estimated at 1.4 mn tonne which is growing at an average annual growth of over 6 to 8% (12% by value). The unorganized sector, shrunk in the recent years, still commands a share of 46% (by volume) and 35% (by value).The global cool roof coating market is expected to reach USD 5.41 billion by 2025. The global cool roof coating market demand was 37.7 million liters in 2015 and is expected to reach 78.5 million liters by 2025, growing at a CAGR of 7.6% from 2016 to 2025.The global IR Reflected coating market is expected to reach USD 5.41 billion by 2025.which facilitates the development of new technologies and ensure a high quality product.
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Adhesive (Fevicol Type) Water Proofing Grade
Fevicol type adhesives come under the category of synthetic resins and latex adhesives are made from polyvinyl acetate is a thermoplastic, odorless, tasteless, non-toxic, essentially clear and colorless resin.
WPA is the highest level of “wet strength.” This in itself is a misnomer in that all starch is water soluble. This type of adhesive would typically be used in the most demanding applications. In addition to using 1.5% to 2% “wet strength” resin in relation to the liquid volume of the batch, it is essential that additional starch be applied to the board. These are formulated from compounds like vinyl acetate polymers and copolymers (PVAC), ethylene vinyl acetate (EVA), acrylics, styrene-butadiene rubber (SBR), natural rubber latex and synthetic elastomers, and polyurethane (pur).Thus, as an entrepreneur this project offers an exciting opportunity to you.
Nuts & Bolts (M.S. Fasteners)
A fastener is a connective mechanism that mechanically joins or affixes two or more objects together. A bolt is an externally threaded fastener designed for insertion through holes in assembled parts, and is normally intended to be tightened or released by torquing a nut.
A nut is a type of hardware fastener with a threaded hole nuts and bolts are manufactured from alloy steels having high tensile strength and resistant to continuous wear and tear. Bolt is cylindrical piece of metal that fasten objects together. Bolts and nuts can be zinc or cadmium plating to resist corrosion. Bolt and nut are used to fasten together loose parts mainly in industries and workshops. Nut is device, which rolls on these threads. In nuts internal threading is done through the combination of nuts and bolts combination into appropriate sizes. Screw demonstrates their true merit in smooth movements, during assembly etc. Nuts and Bolts are available in various sizes and shapes. The kind of the classification of bolts and nuts may broadly be those made by the cold and hot process plant. Nuts are plain, square or hexagonal in shape with flat chambered, or washer crowned top. Bolts, nuts may be finished or unfinished, and may be regular or heavy type.
Fasteners mainly cover nuts, bolts, screws, studs and rivets and are segmented between MS (mild steel) and HT (high tensile) fasteners. These fasteners are used in engineering systems. The overall fasteners market is estimated at about Rs 28 bn. While the organized sector (HT fasteners) has a share of 65%, the balance of 35% is shared by unorganized sector and imports. In fact there is no assembly complete without fasteners. The automotive industry is the largest end-user of fasteners with the remaining demand coming from sectors like textile machinery, railway locomotives, construction, computer hardware and general engineering. Industrial fasteners, accounting for 40% of the total demand, are more oriented towards the retail markets. Original Equipment Manufacturer (OEM) segment is mainly dominated by organized players due to high intensity of capital and technology. As the sectors mentioned above use fasteners extensively and there is a vast replacement market spread across the country, hence the scope of venturing to this sector is highly promising. Thus, as an entrepreneur this project offers an exciting opportunity to you.
Baby Cereal Food
The Baby-cereal-foods is that enriched food which has a requisite level of nutrition. This requisite level is prescribed by various dietitians & physicians for children. Various experts fixed a definite calorific value for infant food & based on this the various mixtures or formulae of foods are developed.
Food products are derived from single grains or blends of mixed grains combined with other ingredients for flavour and nutritional fortification. Materials used by various manufacturers in addition to the grains include malt, milk powder, vegetable oil, wheat germ, sugar, cotton seed flour, tri and dicalcium phosphate, dried yeast, a form of iron such as sodium iron pyrophosphate and the vitamin B1 (thiamin), riboflavin and niacin.
The baby food market in India is witnessing rapid growth and is growing by 10-12% a year. India has the largest population of 0-4 year old in Asia. Additionally, due to the increasing number of working women, and the increasing parental concerns about nutrition have lead to its growth. Professionally-made food designed to meet the nutrition requirements of babies also address the problems of paucity of time for preparing baby food at home. As a whole it is a good project for new entrepreneurs to invest.
Composite Cans from Paper Tube
Composite can is composed of a can body; - a top closure; and - a bottom closure. It is also sometimes called a Combi container. It has a convolute wound, spiral wound or linear draw formed rigid body, involving several layers of materials, including recycled and virgin paper, foil and plastics in various combinations, combined with a variety of adhesives and laminates, with one or both end closures permanently affixed which give the core properties such as strength, water resistance or heat resistance.
There are four main structures in the body of a Composite Can: the aluminium inner web, multiple intermediate webs, and the label web, and the membrane. They are used to pack food items such as breakfast Cereals, tea, dairy products, dry fruits, spices, etc., tablets and capsules, beverages and many more items.
Composite cans market depend on packaging industry. The packaging industry in India has become increasingly sophisticated in the last decade and has attracted interest of several investors. The growth of the packaging sector in India has been ahead of the nation’s GDP growth. Today’s retail market is more challenging than ever. Over the past 29 years, the average supermarket has gone from carrying 9,000 products to nearly 47,000.Thus, due to demand it is a good project for entrepreneurs to invest.
Pan Masala
The custom of chewing breath fresheners after meals has a very long history, particularly in India. Pan Masala is a balanced mixture of betel leaf with lime, areca nut, clove, cardamom, mint, tobacco, essence and other ingredients. It is an agricultural product with herbal properties, also available in hygienic pack and pouches. It acts as a mouth freshener. Various versions are also served in the Middle East and parts of Southeast Asia, where they are treated as mouth fresheners. Some households and restaurants make their own mixtures with special house ingredients, and it is also possible to purchase packaged pan masala from spice stores and many markets in India.
Despite its growing demand in rural areas, pan masala is gaining prominence in urban areas of India. Factors like its immense popularity, constantly increasing disposable incomes, convenient packaging, aggressive advertising campaigns by manufacturers and the large-scale switching of consumers from tobacco products to pan masala are currently encouraging the growth of pan masala market. According to IMARC group, the pan masala market has reached values worth around INR 35,459 Crores in 2016 growing at a CAGR of 16.5% during 2009-2016.
The Indian exports of pan masala are dominated by UAE accounting for around one-third of the total export values. UAE is followed by USA, Singapore, Afghanistan, South Africa, Saudi Arabia and Malaysia. Rajnigandha represents the largest manufacturer of pan masala followed by RMD, Pan Vilas and Pan Parag. As a whole it is a good project for new entrepreneurs to invest.
Desiccated Coconut Powder
The coconut is the most extensively grown and used nut in the world and the most important palm. Coconut Production plays an important role in the national economy of India. India is a major producer of coconut in the world. Desiccated coconut powder is a commercial product manufactured mainly in Ceylon, Philippines and New Guinea apart from India.
It contains no cholesterol or Trans fats while being rich in a number of essential nutrients, including dietary fiber, manganese, copper and selenium. It is then ground into very fine powder and packed. Desiccated coconut powder is used in the manufacture of cakes, pastries and chocolates. This industry is mainly suitable at the coastal area of West Bengal, Orissa, Andhra Pradesh, Tamil Nadu, Maharashtra and Kerala. Kerala is best place with very simple reason as bulk cultivators of coconut and cheap labour. Most of the operations in the factory are manual or are preferred to be done manually to save capital Investment, hence labour may be unskilled labour must be cheap and should be locally available.
India is famous for their Indian sweets and its consumption is equally appreciable. Every Indian whether he or she belongs to North, South, East and West is fond of eating sweets regularly if not daily. Hence coconut powder is also usually in demand on the other ingredients of sweets viz. sugar milk it. It can be seen here that there is a very good market for coconut powder in India and abroad and hence to set up a manufacturing unit for this item seems to be economical with only expectation of easy and cheap availability of coconut which is the lone raw material for this product. So there is a good scope for new small scale units to come up in this line of manufacture.
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