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.
We also offer self-contained Pre-Investment and Pre-Feasibility Studies, Market Surveys and Studies, Preparation of Techno-Economic Feasibility Reports, Identification and Selection of Plant and Machinery, Manufacturing Process and or Equipment required, General Guidance, Technical and Commercial Counseling for setting up new industrial projects on the following topics. Many of the engineers, project consultant & industrial consultancy firms in India and worldwide use our project reports as one of the input in doing their analysis.


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A Business Plan For Sanitary Napkins
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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
Add To Inquiry Basket
Start Production Of Silica  From Rice Husk Ash
Start Production Of Silica From Rice Husk Ash

Silica is a mineral compound composed of silicon and oxygen, and is one of the most a... Read More

Capacity : -
Plant and Machinery cost: 2995.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):28.00%
Break Even Point (BEP):50.00 %
TCI :0.00 Lakhs
Cost of Project : 4716.00Lakhs
Add To Inquiry Basket
A Business Plan for IV Fluid (BFS Technology)
A Business Plan for IV Fluid (BFS Technology)

 

IV fluids, also k... Read More

Capacity : IV Fluids (500 ml Size Pack) 78,000 Packs Per Day
Plant and Machinery cost: 744.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):27.00%
Break Even Point (BEP):51.00 %
TCI :0.00 Lakhs
Cost of Project : 1263.00Lakhs
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Start Industry of Liquor from Mahua (Wine and Hard Liquor)
Start Industry of Liquor from Mahua (Wine and Hard Liquor)

Mahua is a tropical tree native to the Indian subcontinent and Southeast Asia. It is ... Read More

Capacity : Wine (750 ml Size) 4,000,000 Bottles per annum Whiskey (375 ml Size) 4,000,000 Bottles per annum B
Plant and Machinery cost: 782.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):28.00%
Break Even Point (BEP):56.00 %
TCI :0.00 Lakhs
Cost of Project : 1880.00Lakhs
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Setup Pharmaceutical Unit (Ciprofloxacin Tablets, Co-Trimoxazole Tablets, Diclofenac Sodium Tablets, Paracetamol Tablets, Metronidazole Tablets, Doxycycline Tablets, Fluconazole Capsules, Propranolol Capsules, Ciprofloxacin Injectables) Plant
Setup Pharmaceutical Unit (Ciprofloxacin Tablets, Co-Trimoxazole Tablets, Diclofenac Sodium Tablets, Paracetamol Tablets, Metronidazole Tablets, Doxycycline Tablets, Fluconazole Capsules, Propranolol Capsules, Ciprofloxacin Injectables) Plant

 

Pharmaceutical unit tablets and capsules are c... Read More

Capacity : -
Plant and Machinery cost: 179.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):37.00%
Break Even Point (BEP):29.00 %
TCI :0.00 Lakhs
Cost of Project : 35774.00Lakhs
Add To Inquiry Basket
Start Industry with Serum, Cream, and Shampoo | Turning Your Passion for Cosmetics into a Thriving Business with Serum, Cream, and Shampoo
Start Industry with Serum, Cream, and Shampoo | Turning Your Passion for Cosmetics into a Thriving Business with Serum, Cream, and Shampoo

Why The Beauty Indu... 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
Setup Unit Of Cement Plant with Power Generation
Setup Unit Of Cement Plant with Power Generation

Cement is a crucial binding agent that is use... Read More

Capacity : Cement Plant 40,000 Bags per Day
Plant and Machinery cost: 16500.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):26.00%
Break Even Point (BEP):44.00 %
TCI :0.00 Lakhs
Cost of Project : 25200.00Lakhs
Add To Inquiry Basket
A Business Plan for Sterile Water for Injection
A Business Plan for Sterile Water for Injection

Sterile water refers to water that is completely free from any living organisms, such... Read More

Capacity : Sterial Water for Injection 500 ml Size Pack 20,000 Sachets Per Day
Plant and Machinery cost: 572.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):30.00%
Break Even Point (BEP):66.00 %
TCI :0.00 Lakhs
Cost of Project : 1234.00Lakhs
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Setup Plant Of Lead From Galena
Setup Plant Of Lead From Galena

Lead is a heavy metal that is commonly found in the earth's crust. Its abundance, low... Read More

Capacity : Lead Ingot 30 MT Per Day
Plant and Machinery cost: 487.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):28.00%
Break Even Point (BEP):52.00 %
TCI :0.00 Lakhs
Cost of Project : 2231.00Lakhs
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A Business Plan Blood Collection Tubes, Urine and Stool Containers
A Business Plan Blood Collection Tubes, Urine and Stool Containers


Read More

Capacity : -
Plant and Machinery cost: 1214.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):28.00%
Break Even Point (BEP):48.00 %
TCI :0.00 Lakhs
Cost of Project : 2294.00Lakhs
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A Business Plan for Paracetamol
A Business Plan for Paracetamol

Paracetamol is a popular over-the-counter pain reliever and f... Read More

Capacity : Paracetamol Powder 7 MT Per Day
Plant and Machinery cost: 274.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):27.00%
Break Even Point (BEP):64.00 %
TCI :0.00 Lakhs
Cost of Project : 779.00Lakhs
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Start Manufacturing Business  Of  Baby & Adult Diaper and Sanitary Napkins
Start Manufacturing Business Of Baby & Adult Diaper and Sanitary Napkins

Baby & Adult Diapers an... Read More

Capacity : Baby Diapers (4 Pcs.) 84,000 Pkts Per Day Adult Diapers (4 Pcs.) 18,000 Pkts Per Day Sanitary
Plant and Machinery cost: 2356.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):29.00%
Break Even Point (BEP):41.00 %
TCI :0.00 Lakhs
Cost of Project : 4201.00Lakhs
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Start Tissue Paper Manufacturing Business
Start Tissue Paper Manufacturing Business

Tissue paper is a lightweig... Read More

Capacity : Tissue Paper 20 MT Per Day
Plant and Machinery cost: 497.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):27.00%
Break Even Point (BEP):59.00 %
TCI :0.00 Lakhs
Cost of Project : 2101.00Lakhs
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Launching a  Solar Panel Production Business
Launching a Solar Panel Production Business

 

Solar panels are ... Read More

Capacity : Solar Panel 500 MW per annum
Plant and Machinery cost: 810.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):32.00%
Break Even Point (BEP):56.00 %
TCI :0.00 Lakhs
Cost of Project : 5353.00Lakhs
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Biodegradable Disposable Cups and Plates (Tableware) Manufacturing Using Sugarcane Bagasse Business
Biodegradable Disposable Cups and Plates (Tableware) Manufacturing Using Sugarcane Bagasse Business

Bagasse is the fibrous residue that remains after sugarcane o... Read More

Capacity : -
Plant and Machinery cost: 1941.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):27.00%
Break Even Point (BEP):46.00 %
TCI :0.00 Lakhs
Cost of Project : 2774.00Lakhs
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Setup Curcumin Extraction Plant
Setup Curcumin Extraction Plant

Curcumin extraction refers to the process of isolating and ex... Read More

Capacity : Curcumin Powder 100 Kgs per day Turmeric Oil 47 Kgs per day Deoiled Turmeric 1,853 Kgs
Plant and Machinery cost: 216.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):28.00%
Break Even Point (BEP):64.00 %
TCI :0.00 Lakhs
Cost of Project : 491.00Lakhs
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Setup Active Pharmaceutical Ingredients Acetaminophen, Metformin Hydrochloride, Azithromycin Dihydrate Unit
Setup Active Pharmaceutical Ingredients Acetaminophen, Metformin Hydrochloride, Azithromycin Dihydrate Unit

 

Active Pharmaceut... Read More

Capacity : Paracetamol 10,000 Kgs Per Day Azithromycin 10,000 Kgs Per Day Metformin 10,000 Kgs
Plant and Machinery cost: 1111.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):33.00%
Break Even Point (BEP):55.00 %
TCI :0.00 Lakhs
Cost of Project : 5246.00Lakhs
Add To Inquiry Basket
Manufacturing Business of Zinc Oxide from Zinc Dross (White Seal)
Manufacturing Business of Zinc Oxide from Zinc Dross (White Seal)

Zinc oxide has been known since ancient times, its use as a pigment is relatively rec... Read More

Capacity : 12 MT per Day
Plant and Machinery cost: 181.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):31.00%
Break Even Point (BEP):59.00 %
TCI :0.00 Lakhs
Cost of Project : 595.00Lakhs
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Prestressed Concrete Sleepers Complete Feasibility Study Report
Prestressed Concrete Sleepers Complete Feasibility Study Report

Concrete sleepers are one of the most important applications of a railway track syste... Read More

Capacity : 1,000 Pcs per Day
Plant and Machinery cost: 2659.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):27.00%
Break Even Point (BEP):40.00 %
TCI :0.00 Lakhs
Cost of Project : 3812.00Lakhs
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
Mango Powder (Amchur) 0 0.00 0.00
Pentaerythritol 0 0.00 0.00
Galvanising of Zinc (By E... 0 0.00 0.00
Mustard Seed Cultivation 0 0.00 0.00
Rubberised Coir Mattresse... 0 0.00 0.00
Silver Coated Sugar Balls 0 0.00 0.00
Flexographic Printing Ind... 0 0.00 0.00
HDPE Jumbo Bags Manufactu... 0 0.00 0.00
Detergent Cake and Deterg... 0 0.00 0.00
Biodegradable Plastic Bag... Biodegradable Plastic Bags (Per Bag 25 gms Size) : 360 MT/Annum 25.00 606.00
Fatty Alcohol Manufacturi... 0 0.00 0.00
HDPE Twine & Rope 0 0.00 0.00
Heat & UV Stabilizers for... 0 0.00 0.00
PSA Oxygen Plant 30 to 36 cylinders per day 0.00 0.00
PSA Oxygen Gas Plant 180 to 200 cylinders per day 0.00 0.00
Production Business of Ra... Disposable Safety Razors: 864,000 Units per Day Razor Blade: 172,800 Units per Day Steel Scrap: 500 34.51 2285.00
Investing into Business o... 12 MT per Day 33.83 1135.00
Business of Disposable Sa... Razor Blade for Safety Razors Pack of 5 pcs each: 57,600 Units per Day Steel Scrap: 500 Units per Da 57.75 815.00
Emerging Business of Duct... 0 0.00 0.00
Extraction of Essential O... Lemon Grass Oil (10 ml Size Pack) 1,334 Ltrs per Day 34.60 607.00
Production of Bicarbonate... Bicarbonate Cartridge 720g 166.7 Nos. per day Bicarbonate Cartridge 650g 500.0 Nos. per day Acid Co 25.28 1153.00
Profitable Industry of Su... Surgical Methylated Spirit 1 Ltr Size Bottle 4,000.0 Nos. Per Day Surgical Methylated Spirit 5 Ltr S 27.53 265.00
Manufacturing of Rubber P... Rubber Powder 5.0 MT per day By Product Steel Wire 1.4 MT per day 26.98 191.00
Start extraction of Cashe... Cashew Nut Shell Oil 11.0 MT per day Cardanol 5.5 MT per day De-Oiled Cashew Nut Shell Cake (bye Pro 26.72 752.00
Setup a Manufacturing Pla... Disposable Plastic Syringes with Needles 1 ml Size each Packed in Polypack: 50,000.0 Nos. per day D 30.78 345.00
Profitable Business of Di... 0 0.00 0.00
Investment Opportunities ... 0 0.00 0.00
Magnesium Stearate Magnesium Stearate 10.0 MT Per Day 44.00 515.00
Production of Bromelain E... 0 0.00 0.00
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