Best Business Opportunities in Tripura- Identification and Selection of right Project, Thrust areas for Investment, Industry Startup and Entrepreneurship Projects

Tripura is a state in Northeast India. The third-smallest state in the country, it covers 10,491 km2 (4,051 sq mi) and is bordered by Bangladesh (East Bengal) to the north, south, and west, and the Indian states of Assam and Mizoram to the east. Tripura is a landlocked state in North East India. The state has a tropical savanna climate, designated Aw under the Köppen climate classification. The undulating topography leads to local variations, particularly in the hill ranges. The four main seasons are winter, from December to February; pre-monsoon or summer, from March to April; monsoon, from May to September; and post-monsoon, from October to November.

Tripura's gross state domestic product for 2010–11 was 129.47 billion (US$2.1 billion) at constant price (2004–05), recording 5.71 per cent growth over the previous year. In the same period, the GDP of India was 48778.42 billion (US$790 billion), with a growth rate of 8.55 per cent. Tripura is an agrarian state with more than half of the population dependent on agriculture and allied activities. However, due to hilly terrain and forest cover, only 27 per cent of the land is available for cultivation. Rice, the major crop of the state, is cultivated in 91 per cent of the cropped area.

TOURISM

Tripura has a geographical area of about 10,492 sq. km. almost two-thirds of the state is under hilly terrain and it is surrounded on three sides by the deltaic basin of Bangladesh. The Tripura tribal’s are divided into two groups: Puran Tripuras and Natun Tripuras. The Puran Tripuras are the original inhabitants of the State and constitute a little over 16% of the total and 57% of the tribal population of the State. The Department of Tourism, Govt. of India, under the ministry of Tourism and Culture has been providing liberal financial and technical support for the tourism development in the state based on the projects received from the states. It is quite clear that Tripura has tremendous and quite unique tourism potential. This could be tapped mainly through the concept of Eco-tourism and Heritage tourism. Nature / wildlife tourism, adventure tourism, rural tourism, leisure tourism, pilgrimage tourism, international border tourism could be some special tourist packages. The Tourism Development in the Northeast region will depend on integrated approach, involving various government departments, private entrepreneurs, voluntary organizations and local community. This approach will also help in evolving local people’s perception towards tourism development as a strong tool for socio-economic up liftment.

INDUSTRIAL SECTOR

The State Government offers a package of incentives for setting up of industrial units, which is comparable to other states. Besides, the special incentive package i.e. North East Industrial and Investment Promotion Policy (NEIIP) declared by the Government of India for the North East Region is available to industrial units.

State Package of Incentives under Tripura Industrial Investment Promotion Incentive Scheme-

•                    Capital Investment Subsidy @ 30% and additional subsidy @ 2.5% for enterprises of ST, SC, & women individuals on Fixed Capital Investment.

•                    Full Reimbursement of Standard Certification Fees /Charges / other expenses on account of obtaining a standard Certification.

•                    Provides State Transport Subsidy for covering the portion for which Central Transport Subsidy is not available

•                    85% Exemption from the payment of Earnest Money and Security Deposits on tenders floated by State Govt. Department / Agencies.

Incentives declared by Central Government:

•                    Exemption of Excise Duty on finished products.

•                    Central Transport Subsidy.

•                    Income Tax Benefit.

•                    Capital Investment Subsidy.

•                    Comprehensive Insurance Scheme for insurance coverage. Subsidies to service sector, bio-technology and power generating industries.

INVESTMENT OPPORTUNITIES

Tripura offers an investor-friendly environment. The Government welcomes investments into the State, from both domestic and foreign investors.

•        Natural gas

Tripura has vast reserves of natural gas in non-associate form. The gas is of high quality, with high methane content of up to 97%. The availability of superior quality natural gas, at concessional price, offers a great opportunity to prospective investors, to set up gas-based industrial units, using natural gas

•        Information Technology (IT)

Tripura has been considered the second best IT destination in the North East. IT sector (including IT-enabled services) has been identified as one of the major potential growth sectors by the state. The high literacy rate of the State provides additional advantage for development of the sector.

•        Food Processing

The State government has identified food processing as a major thrust area. There is a vast potential for setting up of food processing units in the State. The agro-climatic conditions in Tripura are ideally suited for production of a large variety of horticultural crops.

•        Handicrafts

From time immemorial, Tripura has carved out a name for itself in the field of handicrafts. The gifted artisans produce wonderful objects of crafts from simple material like cane, bamboo and wood.

•        Tourism

Tripura is an attractive tourist destination. The state has a rich cultural heritage. There are number of historical Hindu and Buddhist sites.


INDUSTRIAL POLICY

•        To improve Basic as well Industrial Infrastructure.

•        Industrial Growth by attracting Private Investment.

•        To improve investment climate towards better regulation by removing barriers to competition.

•        Creation of hassle-free and congenial investment climate.

•        To bring significant increase in the State Domestic Product.

•        Widening of resources base of the state.

•        Development of connectivity (Internal road, railways and air & telecom).

•        Better social infrastructure Enabling Entrepreneurship -building capacities through entrepreneurial and technical skills, training and promotion of self-employment.

 THRUST AREAS

•        Natural Gas

•        Food Processing

•        Rubber

•        Tea

•        Handicraft

•        Bamboo

•        Handloom

•        Tourism

•        Information Technology

•        Education

  •           Healthcare

The Department of Industries & Commerce was established to promote Village and Small-scale industries as well as medium and large scale industries in the State. While efforts are being made to promote entrepreneurship within the State, the outside investors in the public and private sectors are also encouraged both for their financial capabilities and technical expertise, for the medium and large-scale units. The major existing industrial area is the Industrial Growth Centre Complex at Bodhjungnagar which also includes Food Park, Rubber Park and Export Promotion Industrial Park. The other industrial sites near Agartala as the main business and industrial centres are Dukli, Arundhatinagar and Badharghat. The mineral resources are minor amounts of glass sands, limestone, plastic clay and hard rock and all of these materials are being used in varying degrees. Setting up of ceramic tiles unit and other mineral based industries are being encouraged in the private sector.

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Handicraft (Cane & Bamboo) - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

Indian handicrafts are known the world over for their rich variety, grace, elegance and skilled craftsmanship. Cane and bamboo is largely available in India. Various types of articles like chairs, flowers, stools, and number of other items can be made from cane and bamboos. For manufacturing cane and bamboo articles main requirement is skilled workers and very small machineries by which product can be formed by using other materials. This has very good export and domestic demand. Thus project is good mainly for those who are able to go for export.
Plant capacity: 165 Items/DayPlant & machinery: Rs. 2 Lakhs
Working capital: Rs. 11 LakhsT.C.I: Rs. 26 Lakhs
Return: 49.18%Break even: 53.64%
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Residential School - Detailed Project Report, Profile, Business Plan, Trends, Market Research, Survey, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics, Working Capital Requirement, Plant Layout, Cost of Project

Compulsory state education begins at 5 years but permissive legislation allows local education authorities to build also for children of 3-5 years, either in separate building or in nursery groups attached to primary school. The compulsory school age is 5 years to 16 years and the sizes of classes are to be reduced from 50 to40 children in primary school, and from 40-30 children in secondary school. An important and over riding factor very seriously affecting the design of schools is the issue, from time to time. At the same time greater freedom is being permitted in planning with a view to keeping reasonable with in the ?cost per place? allowed as this cost has been progressively reduced. The accommodation and numbers in special schools are vary according to the type and extent of the disabilities of the children for which each school is provided. The first divisions in school controlled by local education authorities are nursery school or a nursery department of an infants schools for children of both sexes.
Plant capacity: 700 student/Annum Plant & machinery: 209 Lakhs
Working capital: -T.C.I: 687 Lakhs
Return: 11.63%Break even: 70.62%
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Pre Nursery & Nursery School - Detailed Project Report, Profile, Business Plan, Trends, Market Research, Survey, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics, Working Capital Requirement, Plant Layout, Cost of Project

The classification of nursery schools and those attending them, have undergone several changes, schools and with a few exception, they are no longer the orthodox all-age-school. It should be the intention that comprehensive nursery education should increasingly absorb the historical pattern of different types of nursery school. The nursery schools are classified as follows : a) Schools having a leaving age of 5. b) Schools, such as the existing schools, having age upto 5, intended particularly for pupils passing on to nursery education. With emerging upper middle class and rich societies and increasing competitions among the student community, every one now wants to provides his children, the best education from starting. So the demand of nursery school nowadays is increasing heavily. Therefore, it is a good sector for investment.
Plant capacity: 400 Children?sPlant & machinery: Rs. 2 Lakhs
Working capital: Rs. 5 LakhsT.C.I: Rs. 63 Lakhs
Return: 30.78%Break even: 48.00%
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Pharmaceutical College (B. Pharma & D. Pharma)- Detailed Project Report, Profile, Business Plan, Trends, Market Research, Survey, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics, Working Capital Requirement, Plant Layout

There is need of pharmaceutical college in India for the development of country and give the better opportunity to the general merit. Nowadays highering of technology and running of administration is the main tool of the Indian Industry as well as in the educational system for economic growth and prosperity the need is to produce highly professional and competent pharmacy engineers. Because they will develop the skills to analysis of different type of medicines as well as biotech based new products which are the one of the biggest food steps to built the nation strong. So, to built pharmaceutical college, it is not only a fair sector of investment from business angle, but also a stepping zone by which the nation can go ahead.
Plant capacity: B. Pharma 100 Student, D. Pharma 150 StudentPlant & machinery: Rs. 125.00 Lakhs
Working capital: Rs. 33.93 LakhsT.C.I: Rs. 396.43 Lakhs
Return: 1.00%Break even: N/A
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Medical College & Hospital with Research Institute - Detailed Project Report, Profile, Business Plan, Trends, Market Research, Survey, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics, Working Capital Requirement,Plant Layout

Plant capacity: Plant & machinery: Rs. 6 Crores
Working capital: -T.C.I: Rs. 17 Crores
Return: 52.00%Break even: 32.00%
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School (Residential) - Detailed Project Report, Profile, Business Plan, Trends, Market Research, Survey, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics, Working Capital Requirement, Plant Layout, Cost of Project

Compulsory state education begins at 5 years but permissive legislation allows local education authorities to build also for children of 3 to 5 years, either in separate building or in nursery groups attached to primary school. The compulsory school age is 5 years to 16 years and the sizes of classes are to be reduced from 50 to 40 children in primary school, and from 40-30 children in secondary school. An important and over riding factor very seriously affecting the design of schools is the issue, from time to time. At the same time greater freedom is being permitted in planning with a view to keeping reasonable with in the cost per place allowed as this cost has been progressively reduced. The accommodation and numbers in special schools are vary according to the type and extent of the disabilities of the children for which each school is provided. The first divisions in school controlled by local education authorities are nursery school or a nursery department of an infants schools for children of both sexes.
Plant capacity: 700 students Plant & machinery: Rs 209 Lakhs
Working capital: -T.C.I: Rs 687 Lakhs
Return: 12.00%Break even: 70.00%
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PLY BOARD FROM BAMBOO - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

Ply Board is wooden made board or wooden like raw materials largely used for making ply board. There is large use of ply board nowadays in making wooden base furniture. Bamboo can be used for making ply board. There is large amount of bamboo available in our country. Bamboo on special processing can be converted into ply board. Matured bamboos are used for making ply board. There is very good rising demand of ply board. For meet up the demand of ply board few new entrepreneurs can start this industry. In this process solid waste may be come up which can be recycled or can be further processed for making organic fertilizer. Bamboo Board The increasing shortfall of wood is giving rise to the development of non-wood materials. The development of bamboo-board is expected to relieve the pressure on wood, as the raw material is available at a much faster rate. Bamboo is harvested in a four to five year cycle against 40 years for medium density hardwood species used for plywood. The first bamboo-based panel was developed in China in the 1940s. Since then, some 28 panel products have been developed. In spite of this, the commercialization of bamboo panels has not been commensurate with the variety of products developed, mainly because only a few technologies have come out of detailed investigations and industry-scale trials. In the search for non-timber forest products to substitute wood, bamboo has emerged as a material par excellence. It is now widely recognized that bamboo in panel form is ideal to replace wood in several applications. It is in great demand in designer homes as flooring, walling, and paneling material. Based on the culm derivatives used, the boards may be grouped in the following categories : Culms converted into slivers, strips or lathes by flattening and/or cutting, and further processed, Culms peeled into veneers and further processed, Culms converted into particles, fibers, wafers or strands and reconstituted, Combination of one or more of above products among themselves or with other materials and further processed. Such composits include: different bamboo panels; wood or other lignocellulosic materials; and inorganic substances, Various types of bamboo boards are made from Bambusa bambos, B. polymorpha and Dendrocalamus strictus. Building-Board - There is a great demand for panel materials of all kinds in the building and furniture industry. Chemically processed bamboo strips or veneers are interwoven into mats. They are pressed together at high temperature to form boards properties of larger sizes of different properties with uniformity of strength in the principal directions. Flattening and widening of bamboo can also make boards. The processes involved in manufacture of building boards include defibering, thermal hydrolysis, mixing shavings with resin and finally pressing of resin treated bamboo mats. These boards have a pleasing appearance and adequate strength and optimum hygroscopicity. Boards from slivers, strips or lathes - Slivers of uniform thickness and width are woven into mats, following traditional or innovative designs and cold or hot pressed into boards. Particleboard - In India only a small quantity of bamboo particleboard (about 1500 tonnes/year) is produced. As a common national standard exists for particleboard produced from all lignocellulosic materials, bamboo particleboard requires to conform to IS : 30871985 (Standard Specification for Medium Density Wood Particle board for General Purposes). Bamboo strip, wood veneer and particleboard - Bamboo strip board forms the face. Wood veneer and particleboard are used as core. Bamboo mat boards - Bamboo mat board is the first bamboo-based panel to be produced commercially. Its versatility has been widely recognized. It is commercially produced in China (under the name bamboo mat plywood), India, Thailand and Vietnam. One of the major uses of bamboo mat boards is in building interiors and construction. Because of its aesthetic appearance the board finds ready acceptance as paneling material in place of decorative plywood or other pre-laminated panel materials. Boards being phenol bonded are very durable as compared to commercial panel materials. A factory in Kerala State started manufacturing Bamboo mat board in 1984 using the modified technology. This factory is still producing bamboo mat board, with slight modifications of the process, and marketing it for use in furniture, housing and shuttering. Bamboo mat and rice husk board - Bamboo mat is used as face and rice husk particleboard as core. It is produced in small sector industry in India. Stringer type board - In addition to flat ones, some mats are made in the form of bamboo tubes or the required size and treated with phenolic resin. Rectangular split steel mandrels are driven into these and are placed between two sets of flat mats in a continuous raw and pressed in a mould with side pressure. The bamboo boards can also be faced with fancy veneers or metals when covered with special type of wood shavings or bamboo shavings which can be dyed, they make attractive material for application in housing, decking, flush doors etc. Bamboo boards buried in test yards for more than eleven years were found to be unaffected by termites and fungi. Their resistance to fire is also similar to that of wood.
Plant capacity: Plant & machinery: Rs 42 Lakhs
Working capital: -T.C.I: Rs 114 Lakhs
Return: 41.00%Break even: 63.00%
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Medical College & Hospital (500 beds) - Detailed Project Report, Profile, Business Plan, Trends, Market Research, Survey, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics, Working Capital Requirement, Plant Layout

A medical college is meant for important education of medical field to students to qualify them as doctors in different specialized disciplines so as to treat patients suffering form various ailments. Doctors with their dedicated spirit serve the nation at large by providing medication and treatment for eradication of diseases, which exchange health and add suffering to humanity. Normally a medical college is associated with a hospital. Hospitals provide the facilities of O.P.D. and admission for seriously ill seriously injured, seriously burnt and pregnant ladies, causalities etc. In the very beginning, there was government owned hospitals where one had to pay no money for treatment. Then, a private ward facility was started in the hospitals. The patient had to pay rent for a private room while medicines and doctors were available free of cost. The private ward helped the patient to avoid the untidiness of a general ward and noise etc. The patients, who were in a position of afford the room rent, were admitted to private rooms. The poor, however, got admission in rushed general wards. Increasing negligence by the doctors of these hospital and the overcrowding in them gave opportunity to private hospitals to have a good business with 24- hours emergency and admission facilities for ill persons. Presently, every city or town in India has number of private hospitals furnished with latest medical facilities available and with more qualified surgeons, physicians and specialist doctors. Even sometimes, they are furnished with more modern machines than those available in the nearby Government Hospital. These hospitals can be seen well crowded as they provide very good medical care. The scope for medical college & hospital is increasing day-by-day. Any new entrepreneur entering this field will be successful.
Plant capacity: 100 Student/Annum & 500 Beds for HospitalPlant & machinery: 1728 Lakhs
Working capital: -T.C.I: 7957 Lakhs
Return: 40.00%Break even: 39.00%
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Tea Packaging Unit (Blending And Packing)- Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

India is the largest producer of tea in the world. The (camellia SPP.) Is an important beverage and the world drinks more than any other beverage. It buds of the evergreen tea-plant, which is popularly acclaimed as a healthful herbs. There are mainly 4 varieties of teas according to process parameters. Fermented tea, partically fermented tea, unfermented teas or green teas, brick tea. Most of the teas quality judges by its flavour and aroma producing capacity on unit weight of processed tealeaves. The packing tea industry is divided into organized and unorganized sectors. There is good market for new entrepreneurs.
Plant capacity: 2000 Kgs/DayPlant & machinery: 48 Lakhs
Working capital: -T.C.I: 315 Lakhs
Return: 63.00%Break even: 26.00%
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Activated Carbon from Bamboo - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

Activated carbon is a non graphite form of carbon and is microcrystalline in nature. It is extensively used in various industries as a very good absorbent for odour or colour. A large variety of raw materials are available for the manufacture of activated carbon like rice husk, groundnut husk, coconut shell, saw dust, bagasse, wood and bamboo etc. The activated carbon produced in the country is catering to the need of vanaspati and solvent extraction plant, glucose and sugar industries, water treatment, chemicals, pharmaceuticals, synthetic rayons, electrochemical industries etc. Due to its use in various industries, it has a good demand and annual demand growth is around 15%. So there is good scope for the investment in this sector.
Plant capacity: 5 Tons/DayPlant & machinery: 67 Lakhs
Working capital: -T.C.I: 244 Lakhs
Return: 42.00%Break even: 51.00%
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Information
  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.

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