What are the Benefits of Starting a Business?

The dreams and passions of entrepreneurs often lead them to start their own businesses. Following your dreams will fulfil you in a way that working for someone else may not do. When you work for someone else, it can be hard to find the motivation to do your best work. Whatever you do, the owners of the company will reap the rewards. 

Starting up a business and using it for social benefit is one of the most fulfilling things about being an entrepreneur. Using your profits, you can choose to donate to nonprofits, charities, or community initiatives. 

Your ultimate goal as an entrepreneur is to cultivate financial independence. There is no limit to how lucrative your own business can be if you work hard and remain focused. There’s no reason why you cannot achieve your goal of building wealth. 

Why Start a Business in Assam? 


The Largest Economy in the North-East; 

Assam is the largest economy in North East India and is rapidly establishing itself as an employer of people and an inclusive growth engine through a balanced pattern of industrial investment.  

There is a great deal of emphasis by the Central and State Governments on creating an investment-friendly environment in North East India, and subsidies and incentives are offered to attract investors. The Union Development Budget includes 10% for North East India. 


Ease of Doing Business in Assam; 

Investment-friendly business climates are characterised by ease of doing business. Assam has undertaken the “Ease of Doing Business” reforms that have been prescribed by the Finance Ministry, along with Haryana, Himachal Pradesh, and Punjab. As a result, these states are now eligible to mobilise additional financial resources and have been given permission to borrow an additional Rs 5,034 crore through Open Market Borrowings. There is a very friendly climate for starting any business in Assam. 


Natural Resources in Assam;

India's tea production is dominated by Assam. The state produces 15 per cent of India’s crude oil from the wells at Digboi, Duliajan, and Sivasagar. 

In terms of natural gas production, it accounts for about half of India’s total onshore production. 

Several natural resources, including oil, natural gas, minerals, hydro energy, forest resources, and medicinal plants, make this region an ideal investment destination.

Nearly 50% of India’s tea production originates from the state, also home to numerous tea and food processing parks. Guwahati Tea Auction Centre (GTAC) is one of the world’s largest CTC tea auction centres. 

Natural gas and crude oil reserve located in Digboi, Assam, is India’s oldest operating refinery. The proximity of Assam to Southeast Asia provides the region with an advantage geographically. As a result of its existing and ongoing infrastructure initiatives, it is the best place for starting a business aiming at ASEAN markets. 


Locational Advantage; 

Assam is the gateway to the North-Eastern states, making it ideally situated to serve their needs and markets. 

Due to its geographical location, it enjoys favourable trade relations with neighbouring countries such as Bhutan, Bangladesh, Nepal, Myanmar, Thailand, China, etc. 

There is an excellent opportunity to tap into large markets in mainland India, South and Southeast Asia, ASEAN, SAARC, as well as the fastest-growing economies in the world. 

Due to its proximity to SAARC countries Bhutan, Nepal and Bangladesh, it offers international trade opportunities to foreign investors. 


Manpower Availability in Assam; 

Assam has a large number of English-speaking, skilled, semi-skilled, educated workers at a very low cost and a competitive rate. 


Roadways in Assam; 

In Assam, the total length of roads is approximately 69,000 km, including metalled and non-metallic surfaces. It makes up approximately 60% of the entire road network in the northeast. The major towns within the state are all connected by major highways.

 

Railways in Assam; 

The total length of the route is approximately 2435.13 km. The railway network in Assam is convenient and connects the state with the rest of India. Rail connections are good to several major towns in Assam, such as Dibrugarh, Tinsukia, Jorhat, Nagaon, Guwahati, Tezpur, Barpeta, Bongaigaon, etc.


Airways in Assam; 

Lokapriya Gopinath Bordoloi International Airport in Guwahati is 18 km from the city centre and has good connections with New Delhi, Kolkata, Mumbai, and Chennai.

Regular flights to and from Guwahati are operated. 


Inland Water Transportation;

The Brahmaputra is the country’s second national waterway. A commercial water transportation service is provided on the river Brahmaputra and Barak by two government-owned companies (Central Inland Waterways Corporation and the Directorate of Inland Waterways, Assam). Both passengers and goods are transported using these services. 

Waterways in Assam link it to Bangladesh, providing access to Chittagong, and also to Kolkata and Haldia (West Bengal, India). 


How to Start a Business in Assam? 


Discover Business Opportunities; 

Before starting a business venture, entrepreneurs should prepare a business plan. You should consult with an accountant and project consulting agencies before you make any final decisions. What kind of business you have is the most important factor. 

 

An Analysis of the Market;

To understand the feasibility of an enterprise, it is important to conduct a market study. The market study assists in better understanding the prevailing competition, existing market gaps, consumer needs and preferences, etc. 

 

Organization type selection; 

One needs to choose the form of Business Enterprise that he/she will set up. An entrepreneur’s right choice determines his or her control, power, risk, and responsibility, as well as how the profits and losses will be divided. There are various factors to consider, including the scale of operations, degree of control, capital, volumes of risk and liability, tax liability, etc.

 

There are several types of business organisations, including: 

     Sole Proprietorship

     Firm in partnership

     Co-operatives

     Public & Private Limited Company

     Societies

     Limited Liability Partnership

Business Name & Registration; 

To start any business in Assam, it must be named and registered with the appropriate authorities. 

 

Product Selection;

The following factors can be considered when selecting a product to be manufactured by the firm:- 

     Analyse product market size and structure

     Analysing the future demand

     Graphing the product life cycle

     Knowing each product’s shelf life

     Easy access to raw materials

     Production technology

 

Decide on a Location;

The success or failure of a business is largely determined by its location. An organisation’s future expansion plans, in addition to its present requirements, should be considered when making this decision.

 

Important factors to consider while selecting a location for starting a business in Assam; 

     Raw material availability

     Availability of skilled, semi-skilled, or unskilled labour

     Market proximity

     Transportation facilities

     A reliable supply of power and fuel

     Product-specific climate factors

     Competitive and complementary industries exist

 

Planning and arranging Project Funding;

For a business to begin, continue, expand, and grow, it needs finance. Hence, a financial plan must be prepared, which identifies the need for funding, the sources of funding, and how these funds will be used.

 

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

 

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Each detailed project reports cover all the aspects of business, from analysing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. The scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the ost of raw material, formulating the cash flow statement, projecting the balance sheet etc.
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A Business Plan For Sanitary Napkins
A Business Plan For Sanitary Napkins

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Capacity : Sanitary Napkins 4,800 PKTS per day
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Start Production Of Potato Flakes
Start Production Of Potato Flakes

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Start Manufacturing Business of Steel Containers (Cargo Containers)
Start Manufacturing Business of Steel Containers (Cargo Containers)


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Start Cutting and Grinding Disc Business
Start Cutting and Grinding Disc Business

 

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A Business Plan for Micronutrient Fortified Energy Dense Food (Rice Based)
A Business Plan for Micronutrient Fortified Energy Dense Food (Rice Based)

 

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Start Business of Caustic Soda (Solids, Liquids, Flakes & Pearls)
Start Business of Caustic Soda (Solids, Liquids, Flakes & Pearls)


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A Business Plan for Fiber Glass Tape
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Battery Sprayer
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Lemon-Lime Flavoured Soft Drink  (Nimbu Pani)
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Rate of Return (ROR):0.00%
Break Even Point (BEP):0.00 %
TCI :0.00 Lakhs
Cost of Project : 0.00Lakhs
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Break Even Point (BEP):0.00 %
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Manufacturing of Lemon-Lime Flavoured Soft Drink (Nimbu Pani) with Lemon Juice
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Break Even Point (BEP):0.00 %
TCI :0.00 Lakhs
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Break Even Point (BEP):0.00 %
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Break Even Point (BEP):0.00 %
TCI :0.00 Lakhs
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PSA Oxygen Plant
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Start extraction of Cashew Nut Shell Oil and Cardanol

 

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Setup a Manufacturing Plant of Disposable Plastic Syringes with Needles

 

Disposable Syringes are made of plas... Read More

Capacity : Disposable Plastic Syringes with Needles 1 ml Size each Packed in Polypack: 50,000.0 Nos. per day D
Plant and Machinery cost: 524.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):30.78%
Break Even Point (BEP):35.60 %
TCI :0.00 Lakhs
Cost of Project : 345.00Lakhs
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Profitable Business of Disposable Safety Razors Investment Opportunities in Men Grooming Products Industry
Profitable Business of Disposable Safety Razors Investment Opportunities in Men Grooming Products Industry

 

Disposable safety razors have a design that is very s... Read More

Capacity : 0
Plant and Machinery cost: 0.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):0.00%
Break Even Point (BEP):0.00 %
TCI :0.00 Lakhs
Cost of Project : 0.00Lakhs
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Investment Opportunities in Production of Dual Feed Distillery Ethanol as Bio Fuel Set up an Ethanol Production Plant
Investment Opportunities in Production of Dual Feed Distillery Ethanol as Bio Fuel Set up an Ethanol Production Plant

Ethanol is a colourless, pu... Read More

Capacity : 0
Plant and Machinery cost: 0.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):0.00%
Break Even Point (BEP):0.00 %
TCI :0.00 Lakhs
Cost of Project : 0.00Lakhs
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Magnesium Stearate
Magnesium Stearate

 

Magnesium stearat... Read More

Capacity : Magnesium Stearate 10.0 MT Per Day
Plant and Machinery cost: 301.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):44.00%
Break Even Point (BEP):28.00 %
TCI :0.00 Lakhs
Cost of Project : 515.00Lakhs
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Production of Bromelain Enzyme from Pineapple Stems Money Making Business Idea
Production of Bromelain Enzyme from Pineapple Stems Money Making Business Idea

Bromelain is a combination ... Read More

Capacity : 0
Plant and Machinery cost: 0.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):0.00%
Break Even Point (BEP):0.00 %
TCI :0.00 Lakhs
Cost of Project : 0.00Lakhs
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Ferrochrome Manufacturing Business
Ferrochrome Manufacturing Business

 

Ferrochrome is an alloy that combines chromium wit... Read More

Capacity : Ferrochrome 135 MT Per Day
Plant and Machinery cost: 26900.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):10.00%
Break Even Point (BEP):46.00 %
TCI :0.00 Lakhs
Cost of Project : 40400.00Lakhs
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Start a Business Of LPG Cylinders
Start a Business Of LPG Cylinders

LPG cylinders are pressurized containers and transport lique... Read More

Capacity : LPG Cylinders (14.20 Kgs Size) 3,334.0 Nos. per day LPG Cylinders (19 Kgs Size) 3,334.0 Nos. per day
Plant and Machinery cost: 911.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):32.00%
Break Even Point (BEP):46.00 %
TCI :0.00 Lakhs
Cost of Project : 3475.00Lakhs
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Start Banana Wine Production Business
Start Banana Wine Production Business

Wine has been popular for centuries, and this fermented beve... Read More

Capacity : Banana Wine (750 ml size Bollte) 2,960 Bottles per day
Plant and Machinery cost: 530.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):25.00%
Break Even Point (BEP):47.00 %
TCI :0.00 Lakhs
Cost of Project : 1189.00Lakhs
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Activated Carbon From Rice Husk Saw Dust & Coconut Shell Manufacturing Business Plan
Activated Carbon From Rice Husk Saw Dust & Coconut Shell Manufacturing Business Plan

 

Activated carbon is a type of carbon that has been... Read More

Capacity : Activated Carbon 2,000 Kg Per Day
Plant and Machinery cost: 334.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):25.00%
Break Even Point (BEP):41.00 %
TCI :0.00 Lakhs
Cost of Project : 606.00Lakhs
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Set Up Activated Carbon From Rice Husk, Saw Dust & Coconut Shell Manufacturing Business Plan
Set Up Activated Carbon From Rice Husk, Saw Dust & Coconut Shell Manufacturing Business Plan

Activated carbon is a type of carbon that has been treated w... Read More

Capacity : Activated Carbon 2,000 Kg Per Day
Plant and Machinery cost: 334.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):25.00%
Break Even Point (BEP):41.00 %
TCI :0.00 Lakhs
Cost of Project : 606.00Lakhs
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Set Up Business of Flat Glass Manufacturing Most Profitable Idea for Flat Glass Production Business
Set Up Business of Flat Glass Manufacturing Most Profitable Idea for Flat Glass Production Business

A flat glass Read More

Capacity : 0
Plant and Machinery cost: 0.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):0.00%
Break Even Point (BEP):0.00 %
TCI :0.00 Lakhs
Cost of Project : 0.00Lakhs
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Set Up Business of Double Wall Corrugated Pipes Manufacturing Most Profitable Idea for Double Wall Corrugated Pipes Manufacturing Business
Set Up Business of Double Wall Corrugated Pipes Manufacturing Most Profitable Idea for Double Wall Corrugated Pipes Manufacturing Business

A type of pipe utilized in numerous applications is Read More

Capacity : 0
Plant and Machinery cost: 0.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):0.00%
Break Even Point (BEP):0.00 %
TCI :0.00 Lakhs
Cost of Project : 0.00Lakhs
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A Business Plan for Bio-Degradable Plastic Polymer from Corn
A Business Plan for Bio-Degradable Plastic Polymer from Corn

Corn is a popular source for materials that can be recycled into bio-degradable plast... Read More

Capacity : 10,000 MT Per Annum
Plant and Machinery cost: 6058.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):28.00%
Break Even Point (BEP):38.00 %
TCI :0.00 Lakhs
Cost of Project : 8100.00Lakhs
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Sulphur Powder Manufacturing Business
Sulphur Powder Manufacturing Business

 

Sulphur powder, o... Read More

Capacity : 20,000 MT Per Annum
Plant and Machinery cost: 1225.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):24.00%
Break Even Point (BEP):40.00 %
TCI :0.00 Lakhs
Cost of Project : 4318.00Lakhs
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Manufacturing Business Ginger Oil & Ginger Powder
Manufacturing Business Ginger Oil & Ginger Powder

 

Ginger oil, also ... Read More

Capacity : 60,000 Kg. Per Annum , 1,44,000 Kg. Per Annum
Plant and Machinery cost: 381.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):28.00%
Break Even Point (BEP):66.00 %
TCI :0.00 Lakhs
Cost of Project : 528.00Lakhs
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Start a Business of Manufacturing Steel Epoxy Putty Stick
Start a Business of Manufacturing Steel Epoxy Putty Stick

In the 1960s, MIT researche... Read More

Capacity : 1,500 Dz. Per Annum
Plant and Machinery cost: 2.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):35.00%
Break Even Point (BEP):35.00 %
TCI :0.00 Lakhs
Cost of Project : 34.00Lakhs
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Start Activated Carbon from Rice Husk, Saw Dust & Coconut Shell Processing Business Profitable & Potential Business Idea of Activated Carbon from Rice Husk, Saw Dust & Coconut Shell
Start Activated Carbon from Rice Husk, Saw Dust & Coconut Shell Processing Business Profitable & Potential Business Idea of Activated Carbon from Rice Husk, Saw Dust & Coconut Shell

Popular air purifiers conta... Read More

Capacity : 0
Plant and Machinery cost: 0.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):0.00%
Break Even Point (BEP):0.00 %
TCI :0.00 Lakhs
Cost of Project : 0.00Lakhs
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Most Demandable Business Idea for Mini Steel Plant (Billets and TMT Bar) Start Production of Steel Billets and TMT Bar
Most Demandable Business Idea for Mini Steel Plant (Billets and TMT Bar) Start Production of Steel Billets and TMT Bar

One of the most widely used metals in the world, Read More

Capacity : 0
Plant and Machinery cost: 0.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):0.00%
Break Even Point (BEP):0.00 %
TCI :0.00 Lakhs
Cost of Project : 0.00Lakhs
Add To Inquiry Basket
NameCapacityRate of return (ROR):Cost of project
A Business Plan For Sanit... Sanitary Napkins 4,800 PKTS per day 27.00 84.00
Start Manufacturing Of Bl... - 32.00 985.00
Start Production Of Potat... Potato Flakes 2 MT Per Day 25.00 563.00
Setup Manufacturing Unit ... Saddle 7,000 Unit Per Day Pedals 10,000 Unit Per Day 31.00 575.00
Opportunity in Sodium Sul... Sodium Sulfide Flakes 10,000 MT Per Annum 30.00 1426.00
Business Plan for Lithium... - 29.00 812.00
Start Manufacturing Busin... Cargo Containers (Size 20 Feet) 34 Nos Per Day 29.00 1992.00
Start Cutting and Grindin... Cutting Disc Size: (115 mm x 1 mm) 2,000 Pcs Pr Day Grinding Disc (115 mm x 6 mm) 2,000 Pcs Pr Day 28.00 423.00
Mink Blankets Production - 27.00 6000.00
A Business Plan for Micro... Micronutrient Fortified Energy Dense Food 100 MT Per Day 28.00 3500.00
Start Business of Caustic... - 25.00 56500.00
Start Crumb Rubber Powder... Crumb Rubber Powder 10 MT Per Day By Product Steel Wire 2 MT Per Day 26.00 303.00
Start Rice Milling Plant - 28.00 824.00
Start Manufacturing of Wo... Wooden Pencils 69,444 Gross Per Day 28.00 2400.00
A Business Plan for Monoc... Monocrystalline Silicon Ingots 400 Kgs Per Day 28.00 555.00
A Business Plan for Fiber... Fiberglass Tape 24,000 Mtrs. Per Day 28.00 442.00
Setup Plant of Compressed... - 28.00 950.00
Start Your Own Industry w... 0 0.00 0.00
Battery Sprayer 400 Pcs per day 29.00 110.00
Lemon-Lime Flavoured Soft... 50000 Bottles per day 29.00 700.00
Condoms 500 Boxes per day 28.00 1963.00
Bioplastic Products Manuf... 0 0.00 0.00
Bio-Based and Biodegradab... 0 0.00 0.00
Business Idea of Double E... 0 0.00 0.00
Biodegradable Sanitary Pa... 0 0.00 0.00
Biodegradable Sanitary Pa... 0 0.00 0.00
Manufacturing of Lemon-Li... 0 0.00 0.00
Startup Business Opportun... 0 0.00 0.00
Manufacturing of Pig Iron... 0 0.00 0.00
Biomass Briquettes from B... 20 MT per day 20.00 94.00
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