Manufacturing is one of the largest and most influential sectors in any country’s economy. The number of employees in the manufacturing sub-sector increased at a rate of 0.41%, from 15.4 million in 2017 to 15.5 million in 2018. Most of the entrepreneurs or startups are venturing into manufacturing sector because it helps support global and national economies, as well as individuals and families. Research shows that manufacturing ranks among the top industries in the United States that remain strong. Many research also shows that manufacturing has the highest multiplier effect of any other major industry.
For startups, manufacturing has always been a profitable industry. In the beginning, a rational investment is needed, but once it is developed, stable returns can be obtained. However, choosing a successful production concept is critical to company performance. The global manufacturing industry has different business concepts, where you can start. NPCS provides some of the best and most important ideas for manufacturing companies that can start be started with a medium to large investment to generate big profits.
Large-scale industries in India can be divided into the following types of industries:
1. Iron and steel industry
2. Automobile industry
3. Textile industry
4. Telecommunications industry
5. Information technology industry
6. Oil and natural gas industry
7. Silk industry
8. Fertilizer industry
9. Jute industry
10. Paper industry
11. Cement industry
Industries that use improved technology, efficient labor and more capital to produce a large number of commodities are called large industries. The contribution of the industrial sector to gross domestic product (GDP) is only around 17%. However, the importance of the manufacturing sector is very significant in the general economic development of the country.
The reason entrepreneurs are choosing to start their career with manufacturing industry is because it provides immense importance that are explained as follows.
1. Provide Employment Opportunities:
In many cities, due to the seasonality of agriculture, there is a problem of unemployment. The development of large sized industries provides a large number of employment opportunities for low-skilled, semi-skilled, and highly-skilled human resources, helping to solve the unemployment problem.
2. Contributing To The Modernization Of The Agricultural Sector:
Agricultural modernization requires modern tools and technology. Large sized manufacturing industries produce modern machinery, fertilizers, irrigation, and transport materials. Therefore, the establishment of large and medium-sized agriculture-based industries helps in increasing agricultural production and productivity.
3. Development Of Transportation And Communications:
Large sized industries are conducive to the development of transportation and communications, because these facilities are the infrastructure for manufacturing development. The transport tools must transport and distribute industrial products to different places, and the communication tools must have the latest information on the market.
4. Reasonable Use Of Resources:
India has a variety of important natural resources, but due to lack of industrial development, India’s existing resources have not been fully utilized. Large sized industries uses natural resources such as forests and minerals from water. To completely avoid the export of available resources to foreign countries.
5. Development Of Basic Industry:
Industries that produce steel, copper, cement and other basic products are called basic industries. These industries help establish and promote other industries. Therefore, the establishment of large industries contributes to the development of basic industries.
6. Better Living Standards:
With the establishment and development of these industries, people's employment and income opportunities have increased. People's fixed income forms these industries to help improve people's living standards.
Some of the other importance of large scale industries are government revenue sources, expansion of soul facilities, increased revenue, and expansion of soul facilities, increased exports and increased key to rapid economic growth.
NPCS holds the ability to make startups successful through executable strategies, teams to execute them and experience to manage the growth. Entrepreneurs can achieve the required transformation from strategy to implementation, and improve efficiency through project reports. The expert advice can help start-ups avoid pitfalls, time and costly mistakes. As the professionals provide profitable business advice from the beginning.
NPCS is supported by a strong and competent research team composed of engineers, consultants and accountants with extensive experience in their respective fields. By preparing project reports, detailed project introductions, market surveys, detailed project reports and related services. The goal of NPCS’s is to provide business consulting services for existing and potential entrepreneurs in various industries including agriculture, automobiles, chemicals, cosmetics and cosmetics, pharmaceuticals, electrical/electronics, etc. Computers, food processing, glass, ceramics and mineral foundations, leather, engineering, metallurgy, packaging, paper and paper-based, petroleum and petrochemicals, plastics, rubber, textiles, socks, wool, jute, wood-based wood and even service industries. The Project report by NPCS serves as a key for entrepreneurs to collect information on the subject or introduce to industrial sectors/ manufacturing firms.
AK_20Art21
Please choose a project below related to this category.
A cannula is a tube that can be inserted into the body, often for the delivery or removal of fluid or for the gathering of data. In simple terms, a ca...
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Capacity : I.V. Cannula: 600,000 Boxes per Annum I.V. Catheters: 600,000 Boxes per Annum |
Plant and Machinery cost: 5916 Lakhs |
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Working Capital : - |
Rate of Return (ROR): 26.00 |
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Break Even Point (BEP): 34.00 |
TCI : Cost of Project: 7704 Lakhs |
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Cost of Project : 770400000 |
Fiberboard is a type of engineered wood product that is made out of wood fibers. Types of fiberboard (in order of increasing density) include particle...
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Capacity : 150,000CBM/annum |
Plant and Machinery cost: Rs 5624 lakhs |
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Working Capital : - |
Rate of Return (ROR): 28.00 |
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Break Even Point (BEP): 47.00 |
TCI : Cost of Project : Rs 8236lakhs |
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Cost of Project : 8236100000 |
Glass is the name given to all amorphous bodies that are obtained by lowering the temperature of a melt independently of its chemical composition and...
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Capacity : Flat Glass:50 MT/Day |
Plant and Machinery cost: Rs 6054 Lakhs |
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Working Capital : - |
Rate of Return (ROR): 22.15 |
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Break Even Point (BEP): 40.72 |
TCI : Cost of Project : Rs 9102 Lakhs |
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Cost of Project : 910200000 |
Polymer, that are cheaper and lighter than many materials, are being favored for industrial and commercial applications. Plastics are necessary in dai...
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Capacity : Bio-Degradable Plastic Polymer 33.33 MT/Day |
Plant and Machinery cost: Rs 5547 Lakhs |
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Working Capital : - |
Rate of Return (ROR): 22.13 |
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Break Even Point (BEP): 42.83 |
TCI : Cost of Project : Rs 7170 Lakhs |
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Cost of Project : 717000000 |
Enzymes are macromolecular biological catalysts. Enzymes accelerate, or catalyze, chemical reactions. The molecules at the beginning of the process ar...
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Capacity : Alkaline Protease 1MT/Day •Amylase 1MT/Day •Cellulase 1MT/Day •Laccase 1MT/Day |
Plant and Machinery cost: Rs 5693 Lakhs |
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Working Capital : - |
Rate of Return (ROR): 27.00 |
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Break Even Point (BEP): 56.32 |
TCI : Cost of Project : Rs 14825 Lakhs |
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Cost of Project : 1482500000 |
Renewable energy in India comes under the purview of the Ministry of New and Renewable Energy. India was the first country in the world to set up a mi...
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Capacity : Solar Power 10 MW:60,000 KWH/ Day |
Plant and Machinery cost: Rs 5512 Lakhs |
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Working Capital : - |
Rate of Return (ROR): 5.68 |
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Break Even Point (BEP): 53.14 |
TCI : Cost of Project :Rs 8447 Lakhs |
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Cost of Project : 844700000 |
Renewable energy in India comes under the purview of the Ministry of New and Renewable Energy. India was the first country in the world to set up a mi...
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Capacity : Solar Power 10 MW: 60,000 KWH/ Day |
Plant and Machinery cost: Rs 5512 Lakhs |
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Working Capital : - |
Rate of Return (ROR): 5.68 |
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Break Even Point (BEP): 53.14 |
TCI : Cost of Project : Rs 8447 Lakhs |
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Cost of Project : 844700000 |
Maize is one of the cereal grains which produces throughout India and is placed 3rd position in agricultural base production. The Starch industry in I...
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Capacity : 78300 MT /Annum |
Plant and Machinery cost: Rs.5340 Lakhs |
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Working Capital : - |
Rate of Return (ROR): 17.00 |
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Break Even Point (BEP): 49.00 |
TCI : Cost of Project:Rs. 6916 Lakhs |
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Cost of Project : 691600000 |