How to Start Industry in Assam - Introduction

Assam is in northeastern India. It is a state popular for its archeological sites, wildlife and tea plantations. The largest city of Assam is Guwahati. It also features silk bazaars and the most well-known is its Brahmaputra River. 

Assam is popular for its Tea and Silk. In Asia the oil drilling took place first in Assam. It house various species of birds and animals. It is bounded to the north by Arunachal Pradesh and Bhutan, to the east are Manipur and Nagaland, to the south are Tripura and Mizoram, and the west has Meghalaya, Bangladesh, and West Bengal.

Assam acquired its name from asama and it means ‘peerless’ in Aom language that is extinct now. The total area is 30,285 sq miles. Earthquakes were common that the 1950 earthquake is known as most disastrous as it blocked hill streams and there was heavy landslides. The floods bursting generated dams and cause more property and life loos.

Majority Assamese live in the rural areas and so there is an uneven population. It has the forests, rivers, hilly terrain, small cultivable land, and there is no industrialization. Even the Barak River valley agricultural zone supports dense settlement.

The growth of population is only after the late 20th century and it is because of the immigration of tea garden laborers, west Bengal muslims, Nepal herders, and Bangladesh refuges. The urban areas population began increasing and there was commercial activity expansion with growth of industries. By 21st century there was significant urban population.

The energy of Assam is provided by hydroelectric and thermal plants. It is less than half of the locally generated state’s energy. The Assam power significant portion is bought from the private sources, national governments, and to some extent from other state governments.


Why Invest in Assam

  • GDP Growth : State’s GDP growth at 8%
  • Assam's per capita GDP is 6,756 at constant prices
 

Largest economy of the North-East

It is the largest economy of the North East India and is rapidly making strides towards employment generation and inclusive growth by a balanced pattern of industrial investment. The sectoral contribution to the NSDP (Net State Domestic Product) reveals that in Assam more than 30 per cent of the contribution is from agriculture and allied activities. This is much higher than the sector’s contribution to India’s GDP.
 

Natural Resources

  • Assam is the largest producer of tea in India.
  •  The state accounts for about 15 per cent of India’s crude oil output from the wells at Digboi, Duliajan, and Sivasagar.
  •  Producer of natural gas accounting for about 50 per cent of India’s total onshore production
  •  Vast natural resources such as oil, natural gas and minerals, hydro energy, diverse agro-climatic zones, forest resources and medicinal plants makes the region the best choice for investors. [source]

List of state scheme to start new manufacturing unit

The basic is Agriculture in Assam to engage the population. Rice is over two-thirds, jute and tea are cultivated widely that these have become earners of foreign exchange. 

Other crops such as pulses, oilseeds, sugarcane, corn, rape, potatoes, mustard, and fruits are improving with improved methods of cultivation and farms yield every year more than a crop.

The manufacturing sector development is inhibited by the isolation of the state. However, there are small-scale industries producing jute, fertilizer, sugar, textiles and silk, cement, electronics, chemicals and sugar. Plywood, Sawmills and match factories use timber for resources.

Most Profitable Industries to Start in Assam - North East India.

  • Amusement Park
    The amusement park market's growth momentum will accelerate at a CAGR of 3.18% and the market share will increase to USD 9.97 billion from 2021 to 2026. Parks of the future will use new technologies to create enhanced, interactive, personalised experiences for their customers. But the technology will also allow them to improve the overall customer experience, to reduce the park's operating costs, and to improve sustainability.

  • Bamboo Floor Tiles Manufacturing
    In the global market, the bamboo flooring business values at 72,104.2 million dollars in the year 2019 and expects to reach over 98,757.9 million dollars by 2026. The Compound Annual Growth Rate (CAGR) for the forecast period of 2020-2026 is growing at 5% in the global market.

    Bamboo flooring has grown more and more popular over the years. Each year the bamboo flooring trends change with the fashion and styles of home décor and interior design. For 2021 there has already been a rise in the popularity of bamboo parquet block, while grey and textured bamboo floors also remain popular

  • Corrugated Boxes
    The corrugated box market is expected to expand from US$ 134.7 Billion in 2022 to US$ 219.4 Billion in 2032. Previously, the market grew at a faster rate of 2.5% from 2015 to 2021, culminating in a market of US$ 128.1 Billion in 2021.

    Food & beverages is the largest end-use industry segment of the corrugated boxes market. On the basis of end-use industry, the market is segmented into food & beverages, electronic goods, home & personal care goods, chemicals, textile goods, glassware & ceramics, paper products, and others. 

  • Dry Mortar Manufacturing Plant
    The dry mix mortar market size was valued at around 298 kilo tons in 2021 and is projected to register a CAGR of over 5% during the forecast period (2022-2027). The market was negatively impacted by the COVID-19 pandemic in 2020. However, the construction sector is picking up pace in the post-pandemic scenario.

  • Papain Extraction
    Papain is widely used in food, feed, medical, cosmetic and other industries. Due to the COVID-19 pandemic, the global Papain market size is estimated to be worth USD 184.3 million in 2022 and is forecast to a readjusted size of USD 230.5 million by 2028 with a CAGR of 3.8% during the forecast period 2022-2028

  • Rubber Roller
    Rubber rollers are gaining popularity due to the growing adoption of zero waste lifestyles and concerns regarding waste management. Increasing demand from paper and textile industries has boosted the demand for rubber rollers. Economic condition of developing countries is improving due to rapid industrialization. This is anticipated to fuel the demand for rubber rollers during the forecast period.

  • Steel Fabrication Unit
    Global Metal fabrication Market was valued at USD 20.0 billion in 2021 and is expected to reach USD 29.46 billion by 2029, registering a CAGR of 4.7% during the forecast period of 2022-2029.

  • Saw Mill
    A sawmill is a factory in which wood from trees is sawn into long flat pieces.

  • Tea Processing
    The global tea market size was valued at $55,144 million in 2019, and is projected to reach $68,950 million by 2027, registering a CAGR of 6.6% from 2020 to 2027. The target audience is young men between the ages of 14-28. Consumers or R-T-D tea are not unlike consumers of soft drinks. They tend to cross gender lines, age groups and approximate as close to an all-family group as is possible.

Other profitable business you can consider are:
  • Aqua Park
  • Amusement Park
  • Aac Blocks
  • Alcohol Based Hand Sanitizer
  • Automatic Hand  Wash Soap Solution
  • B.Ed College
  • Bamboo Floor Tiles Manufacturing
  • Bamboo Plywood
  • Banana Powder
  • Beer Manufacturing Plant
  • Curcumin Extraction
  • Calcined Petroleum Coke
  • Country Liquor Spirit Plant (Bottling Plant)
  • Calcium Carbonate
  • Corrugated Boxes
  • Deodorant Perfume Spray (Non-Alcoholic)
  • Dairy Farming And  Milk Processing
  • Distribution Transformer &  Repairing
  • Disposable Plastic Syringe
  • Detergent Powder Manufacturing With Formulae
  • Dry Mortar Manufacturing Plant
  • Distillery Plant
  • E-Rickshaw
  • Fire Extinguisher  Manufacturing
  • Fish Farming
  • Fm Radio Station
  • Flour Plant
  • Granite And  Marble Cutting Polishing
  • Ginger Processing Plant
  • Hospital
  • Hatchery Plant
  • Injection Moulded Plastic Products
  • Imfl Bottling Plant
  • Inverter Battery Manufacturing Assembling
  • Iv Solution Bottle Filling Plant
  • Instant  Tea
  • Laundry And  Dry Cleaning
  • Lithium Ion Battery Assembling Unit
  • Mustard Oil Production
  • Mineral Water Plant With Added Mineral
  • Neem Oil, Cake And  Neem Based Fertilizer Manufacturing
  • Namkeen &  Chips Manufacturing
  • Opening Of  News Channel Of Tv
  • Oxygen & Nitrogen Plant
  • Optical Fibre Cable
  • Oleoresin Extraction From Chillies
  • Pet Preform Manufacturing
  • Plastic Granules From Waste
  • Personal Protective Equipment Kit (Ppe Kit)
  • Psc Pole
  • Potato Powder Plant
  • Pet Bottle Recycling
  • Papain Production
  • Paver Block Manufacturing
  • Pan Masala And  Gutka
  • Papain Extraction
  • Plastic Moulded Unit (Chair,Table & Vegetable)
  • Pig Farming
  • Particle Board & Laminated Particle Board
  • Paper Mill
  • Precipitated Silica Extraction From Rice Husk Ash
  • Rubber Roller
  • Sanitary Napkin & Adult Diaper
  • Sugar Mill, Power Plant, Ethanol Plant And  Soft Drink Plant (Integrated Unit)
  • Science Lab Furniture Manufacturing
  • Solar Panel
  • Surgical Gloves
  • Sugarcane Juice Preservation
  • Solar Modules
  • Silk Industry
  • Soya Nuggets
  • Soya Milk And Paneer (Tofu)
  • Silk Reeling And  Spinning Milk
  • School Uniform And  Readymade Garments
  • Steel Fabrication Unit
  • Saw Mill
  • Tea Plantatation
  • Tea Processing
  • Tea Bags
  • Tea Packaging Plant
  • Tree Plantation
  • Thinner Manufacturing Unit
  • Ware Housing Cold Storage
  • Wine From Banana
  • Zinc Stearate Production
 If you need any help in creating project report or need any detail related to starting new industry, please contact us

Business loan schemes by state government
‘Pradhan Mantri Mudra Yojana’ is a new instrument to micro units to develop their refinancing activities.

They are stressing on tourism industry as the sector is thriving throughout the year.
There are schemes by the state government offering Rs. 50,000 financial assistance to 2 lakh citizens. Financial assistance is available for groups of 5 to 20 members. This includes activities such as:

Processing

Manufacturing

Trading

Tourism

Service sector

Rural transport service( e-rickshaw and auto rickshaw)

Handicraft, shops, cottage Industries, and repairing centres.

    Svayem scheme 2022 is given by Assam state government requesting rural, private and public banks to give assistance where new entrepreneurs will get Rs. 1 lakh, and existing entrepreneurs will receive up to 200,000. Under this scheme 200 crore rupees are allocated by the state government.

     

    BANKABLE PROJECT REPORT

    Before you start any industry, you need to get project report prepared. Readers who do not know about project report, let me explain - A Project Report is a document which provides details on the overall picture of the proposed business. The project report gives an account of the project proposal to ascertain the prospects of the proposed plan/activity.
     
    Project Report is a written document relating to any investment. It contains data on the basis of which the project has been appraised and found feasible. It consists of information on economic, technical, financial, managerial and production aspects. It enables the entrepreneur to know the inputs and helps him to obtain loans from banks or financial Institutions.
     
    The project report contains detailed information about Land and buildings required, Manufacturing Capacity per annum, Manufacturing Process, Machinery & equipment along with their prices and specifications, Requirements of raw materials, Requirements of Power & Water, Manpower needs, Marketing Cost of the project, production, financial analyses and economic viability of the project.
     

    Below are few mandatory details you should include in your project report:

    • Present Market Position and Expected Future Demand,
    • Market Size,
    • Statistics,
    • Trends,
    • SWOT Analysis and
    • Forecasts.
     
    Report provides a comprehensive analysis from industry covering detailed reporting and evaluates the position of the industry by providing insights to the SWOT analysis of the industry.
     

    Industrial Project Report should include:

    • Plant Capacity,
    • requirement of Land & Building,
    • Plant & Machinery,
    • Flow Sheet Diagram,
    • Raw Materials detail with suppliers list,
    • Total Capital Investment along with detailed calculation on Rate of Return,
    • Break-Even Analysis and
    • Profitability Analysis.
     
    The report should also provides a bird's eye view of the global industry with details on projected market size and then progresses to evaluate the industry in detail.