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    Top Profitable Manufacturing Business Ideas For Odisha

    Odisha has partner agribusiness based economy that is inside the change towards partner business and service based economy. 
     
    Orissa Agriculture is that the significant supporter of the state's economy. Agriculture is that the main occupation in area. concerning six of the full working populace is locked in with agribusiness and farming associated enterprises. the full edited space in territory is eighty seven, 46,000 Hectares and out of that eighteen, 79,000 Hectares zone unit underneath water system. 
     
    In Odisha, the primary businesses territory unit fabricating; mining and quarrying; power, gas and water supply; and development. The administration division contributed partner measurable fifty one to the GSDP in 2014-15. the main sub-segments region unit the network, social and private administrations, the travel industry, exchange, inns and cafés, cash and protection administrations, transport, stockpiling, and correspondence. The state incorporates a well-created banking system contrasted with a few conditions of India.
     

    GO SWIFT - First-of-its kind Single Window Portal in India to Ensure Investor Delight:

     
    Industries Department of the Government of Odisha has developed an online Single Window portal, GO SWIFT i.e. Government of Odisha – Single Window for Investor Facilitation & Tracking, to promote a conducive business environment through transparency and time-bound clearances .         
     
    With the launch of GO SWIFT, the approval process for 32 services from 15 State government departments has been made online, including online application submission, payment, tracking and processing of applications. Going forward, more services will be progressively added to the portal. The Portal provides updated information relating to latest rules, policy initiatives and reforms undertaken by the Govt. of Odisha to facilitate and handhold the investors .
     
    All existing technological applications of the Industries Department including GO PLUS, GO SMILE, GO CARE,  Automated Post Allotment Application, and State Project Monitoring Group portal have also been integrated with GO SWIFT. Access to all these services is now available through a single sign-on user credentials.  To facilitate tracking and monitoring of applications, GO SWIFT sends out SMS and e-mail notifications to the investors at critical stages of processing of applications.  The investors can also monitor the real-time status of their submitted applications through a Dashboard on the portal.
     
    We at EIRI has recently identified the following most profitable projects for Odisha Region having bright future scope and having tremendous demand in future.

    Below is the list of most profitable industry you can start in Odisha:

    1. Amusement Park Cum Water Park
    2. Biodegrable Disposable Diapers
    3. Calcined Petroleum Coke (Pet Coke)
    4. Distribution Transformer & Repairing
    5. Disposable Plastic Syringes (Sterilized)
    6. Detergent Cake & Powder(Soap)
    7. Erw Pipes 
    8. Flush Door Manufacturing
    9. Fruit Juices
    10. Ferro Alloys Plant
    11. Hospital (Healthcare)
    12. Iv Fluid (Ffs Tech)
    13. Ms Pipe Plant
    14. Pharmaceutical Unit
    15. Steel Grating Manufacturing Plant
    16. Steel Wires
    17. Tyre Factory

    FOOD PROCESSING INCLUDING SEA FOOD

     
    Food industry is a $3.2 trillion industry around the world. Just 6% of the handled sustenance is right now exchanged around the world. In any case, in the previous two decades the worldwide imports have expanded at a CAGR of 5.56%, showing an expansion in prepared sustenance exchanging. 
     
    India is the fourth biggest exporter of every single agrarian item. India is likewise a noteworthy maker of grains, vegetables, foods grown from the ground items. With every one of these produces, Indian sustenance preparing industry is worth $135 billion and is required to develop at a CAGR of 10%. 
     
    Odisha is one of India's agronomically rich states. It is one of the biggest maker of organic products, rice, heartbeats and real harvests in the nation. Odisha has 363,000 hectares of zone under farming and agriculture, which has been expanding throughout the years. The state houses a huge poultry industry, which is perceived as an agrarian action. The State has phenomenal potential in creating worth included items from dairy. 
     
    With all the accessible assets, Odisha purposes to be a noteworthy goal for interests in the agro/nourishment handling division. The state has recognized agro and sustenance handling foundation as a need area for intercessions. As an underlying advance to support sustenance handling foundation, the state houses 274,000 MT of cold storerooms. 
     
    Perceiving the capability of Food handling industry, the state has figured a restrictive Food preparing arrangement in 2013 itself, giving motivating forces to units willing to set up sustenance handling interests in the state. To give fillip to the Food preparing industry, the arrangement gives a one-time capital award towards improvement of Food Parks. 
     
    To support interests in the part, two Mega Food Parks are a work in progress. These selective parks being created in Rayagada and Khurda offer attachment and play foundation with cold storerooms, testing labs, ability improvement focuses making a total biological system to the advancement of the business. 
     
    The state has additionally recognized the segment as a need area, as a feature of the IPR – 2015 and is concurring unique motivators to the financial specialist units. 
     
    Openings are possess large amounts of the field of rice handling, bolster framework, vegetable preparing and poultry parts. Odisha invites interests in this division and will give 'single guide' administrations to the intrigued financial specialists. Further subtleties and data about the segment and motivators are accessible in the definite profile. 
     
    SEA FOOD
     
    India is the second biggest maker of fish on the planet with its 8,118 km long coastline. India is additionally probably the biggest exporter of shrimps to the business sectors of Europe, Japan and US. The fares has additionally observed an uncommon 42.6% development more than 2013-14. 
     
    Odisha, with its long coastline of 480 km, has arrangement reasonable frameworks offices to empower fish handling, for example, marine fish landing focuses, preparing plants, marine artworks, ice plants, cold stockpiles and stripping sheds. 
     
    A restrictive Sea Food Park is a work in progress to help the open doors in the segment. The Greenfield bunch at Deras houses cutting edge regular framework for aggregate handling of fish items. It houses restrictive basic offices for ocean depths handling like cold stockpiling, pre-preparing focus, square ice industrial facility, aptitude advancement focus, polythene unit, R&D focus, and so forth. It is the main such office on the east shore of India. With all the required foundation and utilities accessible, this park will give the vital base to arrangement a focused fish unit. 
     
    The Industrial Policy 2015 has distinguished fish preparing as a push area and has made unique motivators for the advancement of this part. Other than IPR, the Odisha Food Processing strategy likewise accommodates different impetus plans for speculators in this division.
     

    CHEMICALS, PLASTICS & PETROCHEMICALS

     
    India is the fourth biggest buyer of raw petroleum and oil based goods on the planet. India is likewise the third biggest maker of synthetics in Asia. 
     
    The division has been becoming fundamentally in the course of recent years. This can be substantiated by the 400% expansion in the estimation of compound fares from Odisha over years the most recent 2 years (2013-14 and 2012-13). PCPIR locale in Paradip is being created as world class framework to give a favorable business condition and advance and draw in selective interests in the Petroleum, Chemicals, Petrochemicals and associated segment. It is one of the main four proposed PCPIRs in India and is likewise situated close to one of the biggest cargo ports in India, which gives a passage to every one of the business sectors in Indo-China and eastern Asia. 
     
    Spread over a zone of about 68,000 sections of land and with visualized venture of USD 43.74 billion in various parts, for example, Petroleum and Petro-Chemicals Sector, Chemicals and Fertilizers, Ancillary Sectors, Housing and Allied Infrastructure and External Infrastructure and it is one of the biggest incorporated speculation districts in India. 
     
    Indian Oil Corporation Limited (IOCL), India's greatest state-possessed oil gas enterprise is the stay inhabitant of the undertaking and has likewise dedicated to Petrochemical feedstock, for example, Polypropylene, Mono Ethylene Glycol, Paraxylene-Purified Terephthalic Acid (PTA) Complex and Petcoke Gasification from its processing plant. The advancement will be State-of-craftsmanship with a blend of creation units, open utilities, coordinations, ecological insurance instruments, neighborhoods and regulatory workplaces and powerful Infrastructure with proficient street arrange, successful water supply framework and every cutting edge office. The Industrial Policy likewise perceives the division as a Priority Sector and will boost all interests in this area.
     
     

    ELECTRONICS MANUFACTURING

     
    IT/ITES and ESDM part is another industry, changing the substance of learning economy. With the developing requirement for IT and equipment arrangements over the globe, this part has seen exceptional development in the ongoing past. 
     
    India is one of the significant supporters of the global IT administrations advertise. The IT business is relied upon to develop by 15% later on and India will be a noteworthy programming exporter. Odisha has pulled in probably the biggest IT organizations in India. Bhubaneswar is home to the four biggest IT organizations in India, TCS, Infosys, Wipro and Mahindra Satyam. The State has made cutting edge framework offices furnished with attachment n-play offices and rich influence supply to guarantee smooth activity of IT area. 
     
    Odisha has created IT explicit SEZs to take into account the interest of the part. Huge IT foundation activities, for example, Info Park, Info valley, Infocity and IT speculation areas are a work in progress giving a fillip to the IT/ITES part. 
     
    Perceiving the solid impression of the IT division the state has recognized ESDM as a need part. The nearness of IT biological system combined with a selective gadgets assembling group will build up Odisha as a noteworthy goal for ESDM ventures. 
     
    The state has a selective ICT strategy giving motivations and making a sound environment to the startup development. The IPR 2015 distinguishes IT/ITES and ESDM as center divisions. 
     
    Perceiving the significance of ESDM the legislature has reported an uncommon motivating force bundle conspire for the division involving appropriation on fixed capital speculation for plant and hardware, exception from Entry Tax on procurement of apparatus and gear, Training endowment, and so forth.
     
     

    ANCILLARY & DOWNSTREAM INDUSTRIES IN METAL SECTOR

     
    In India, the metal business has seen an exponential development. As one of the biggest developing economies, India is a noteworthy customer of metals, for example, steel, hardened steel and aluminum. India is the biggest purchaser of wipe iron on the planet, second biggest shopper of hardened steel and third biggest buyer of completed steel. India is likewise the fourth biggest rough steel maker and fifth biggest aluminum maker on the planet. 
     
    Odisha with its plentiful normal assets has consistently been the most loved speculation goal in the metals part. Odisha is the biggest Aluminum delivering State in the nation with 54% of the aluminum purifying limit. It is likewise the biggest Stainless steel maker of the nation and has 20% of the Steelmaking limit of India. 
     
    With all the accessible assets, Odisha has tremendous potential for auxiliary and downstream enterprises in the metal segment. The Government has been ace dynamic and pushing the envelope to think of a variety of Investment locales and Industrial Parks, for example, the Kalinganagar National Investment and Manufacturing Zone, Downstream Aluminum Park at Angul, Downstream Steel Park at Angul, Stainless Steel Industrial Park at Kalinganagar, and so forth. The mechanical parks would have submitted feedstock from the mother plants in the region and world class foundation with empowering biological system. 
     
    Odisha welcomes speculators to investigate the huge open doors in the segment and receive the rewards of the financial specialist cordial biological system. 
     

    TEXTILES & APPAREL

     
    India is among the ten biggest exporters of attire on the planet. India likewise positions second in cotton and silk creation, while driving the world in jute generation. India is probably the least expensive nation as far as cost intensity of the materials. 
     
    Odisha has a long history of material industry. The handlooms of Odisha have increased overall praise and notoriety for plan and quality. Different structures have existed in Odisha, for example, Sambalpuri, Bomkei and Berhampuri. Odisha is additionally celebrated for its Ikat kind of weaving. 
     
    Odisha is intending to arrangement two material parks to empower interests in these districts. These are incorporated material parks with regular offices and foundation to help the whole worth chain in the area. With bounty of cotton, the parks will have normal supply of crude materials. The State likewise proposes to arrangement cotton preparing, turning and weaving, material and article of clothing plants for speculation crosswise over State. 
     
    The State has additionally made arrangements for arrangement of specialized materials fabricating, produced using engineered strands for mechanical uses, at the PCPIR in Paradip. The IPR distinguishes materials as a Priority segment and gives numerous motivators to the contributing units including specialized materials.
     

    Projects having tremendous demand- Prepared by EIRI, India 

    We at EIRI has recently identified the following most profitable projects having bright future scope and having tremendous demand in future:
    1. Amusement Park Cum Water Park
    2. Aluminium  Ingot From Scrap
    3. Ayurvedic Pharmacy
    4. Aluminium  Industry
    5. Aluminium Utensil Making Plant
    6. Assembling Plant Of Passengers Evs (Electric Car)
    7. Bopp Self Adhesive Tape
    8. Bamboo Cultivation
    9. B.Ed College
    10. Boarding School
    11. Biodegradable Carry & Garbage Bags
    12. Biodegrable Disposable Diapers
    13. Brass Industry
    14. Bamboo Plywood
    15. Bricks From Fly Ash
    16. Beverages
    17. Brushless Dc Hub Motor Used In  Electric Vehicles
    18. Brushless Dc Motor And Ac Induction Motor For Electric Vehicle
    19. Calcined Petroleum Coke (Pet Coke)
    20. Cpvc Pipes Manufacturing
    21. Chanachur, Bujia, Ganthia ( Automatic Plant)
    22. Cow Dairy Farming
    23. Cold Rolling Mill
    24. Cosmetic Manufacturing Unit
    25. Ceramic Glass Plant
    26. Cement Industry
    27. Cotton Textile Mill
    28. Castor Oil
    29. Distribution Transformer & Repairing
    30. Dairy Farming & Milk Processing
    31. Disposable Plastic Syringes (Sterilized)
    32. Diagonistic Lab
    33. Dall Mill /Pulse Mill
    34. Detergent Cake & Powder(Soap)
    35. Exercise Note Book And  Register
    36. E-Rickshaw
    37. Erw Pipes 
    38. Flush Door Manufacturing
    39. Fertilizer Plant
    40. Fish Farming
    41. Fruit Juices
    42. Ferro Alloys Plant
    43. Ferro Manganese Plant
    44. Grease Manufacturing
    45. Groundnut Oil Mill 
    46. Homoeopathic Medicine
    47. Handloom Industry
    48. Hospital (Healthcare)
    49. Iron Ore Pelletization
    50. Iv Fluid (Ffs Tech)
    51. Iv Fluid (Bfs Tech)
    52. Khandsari  Sugar
    53. Liquid Glucose From Rice
    54. Lancing Pipe
    55. Laundry And Dry Cleaners
    56. Led Tv
    57. Led Lights
    58. Leather Products
    59. Leather Tannery
    60. Lithium Ion  And Lithium Polymer Batteries Manufacturing And Assembling For Electric And Hybrid Vehicle And For  Cell Phones Application
    61. Lithium Ion Battery Assembling Unit
    62. Ms Pipe Plant
    63. Mustard Oil
    64. Molasses Based Indusrial-Project
    65. Non Woven Shopping Bag
    66. Oxygen Gas (Plant)
    67. Online Cabs (Radio Taxi)
    68. Pulses Processing Plant
    69. Paper Shopping Bags
    70. Power Plant
    71. Pharmaceutical Unit
    72. Pan Masala
    73. Paper Mill
    74. Power Plant  Hydel
    75. Production Of Ink
    76. Paint And Varnish
    77. Rice Mill
    78. Refractory Unit
    79. Rubber Plantation
    80. Steel Grating Manufacturing Plant
    81. Steel Tubes & Pipes
    82. Surgical Absorbent Cotton & Surgical Rolled Bandage
    83. Steel Fabrication Worshop
    84. Steel Wires
    85. Steel Plant
    86. Sugar Mill 
    87. Serriculture
    88. Sugarcane Plantation
    89. Sugarcane Juice Preservation
    90. Sea Food Processing
    91. Solar Power Plant
    92. Stone  Carving
    93. Salt Industry
    94. Tmt Bar Manufacturing (Sariya)
    95. Tyre Factory
    96. Tobacco Industry
    97. Tea Plantation
    98. Thermal Power Plant
    99. Truck Manufacturing  Plant (Assembling Of  Electric Trucks)
    100. Yarn Dyeing Plant
    If you need any help in creating project report or need any detail related to starting new industry, please contact us
     

    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:

    1. Present Market Position and Expected Future Demand,
    2. Market Size,
    3. Statistics,
    4. Trends,
    5. SWOT Analysis and
    6. 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.
     

    Report should include:

    1. Plant Capacity,
    2. requirement of Land & Building,
    3. Plant & Machinery,
    4. Flow Sheet Diagram,
    5. Raw Materials detail with suppliers list,
    6. Total Capital Investment along with detailed calculation on Rate of Return,
    7. Break-Even Analysis and
    8. 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.
     
    I hope this help, please keep me posted if you have any query related to industry startup or need any suggestions.