Business Opportunity: Pre-Stressed Concrete Sleepers

PSC sleeper refers to steel reinforced concrete sleeper, commonly used on railway tracks. Besides Indian Railways, power plants, refineries and cement plants also use sleepers for their rail tracks. Demand driver

Indian Railways has a network of over 65,000 kilometers encompassing length and breadth of the country.  The growing population and increasing economic activity has resulted in over-utilization of its existing network.  So much so that the trunk routes of the railways comprising merely 16% of the network carry about 50 percent of the work load. The Indian railways has been routinely upgrading its network (see Table 1), however the capacity upgradation has been far below the actual requirements and the network continues to remain congested.

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The pace of railway infrastructure upgradation has picked up over the past one year, driven by the government’s initiatives to improve quality and safety of Indian railways. The Railways has committed to building 7 kms of infrastructure per day in 2016-17, which will increase to 13 Kms per day in 2017-18 and 19 kms per day in 2018-19.  Railways have identified following priority projects (See table 2) to be taken up in the medium term.

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In addition to these, Indian Railways has also proposed to create a high speed corridor network of around 10,000 kilometers. In light of the above mentioned plans, the railways are likely to develop at least 5000-8000 kilometers of rail network per year, almost 30-40% more than in the past. Assuming that per kilomer of rail would need 1600 sleepers, these plans are likely to result in an annual demand of about 1.3 crore of sleepers.

Key suppliers

The sleeper industry is dominated by a few players who are present across the country. The current capacity of the industry is around 1 crore sleepers per annum. More details on the players are provided below.

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Given the expected increase in demand by 30% to 40%, there seems to be enough room for new capacities to come up. However, one needs to analyze the regional demand and supply balance carefully.

Govt approvals and Budget

Setting up a railway sleeper unit would require approvals from Railway RDSO (Research Design and Standards Organization) as well as the Zonal Railway office.

The process of manufacturing the PSC entails strengthening of concrete, casting it into pre-defined mould and curing it. There are two popular technologies: Long line and Short bench manufacturing, with short bench manufacturing being more popular in India.

The budget requirements for a capacity of 3-4 lakh sleepers per annum could be upwards of Rs. 15 crore. Further, one needs to consider the cost of the land, the sleeper plant would need to be located in the vicinity of a railway station for the ease of transport of sleepers.

How can we Help You?

We can help you assess techno economic feasibility of a sleeper manufacturing plant including the market assessment, regulatory compliance framework, capital requirements, machinery evaluation and profitability and return on investment.

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Business opportunity: PET recycling

Ever thought about what happens to the cold drink/juice/mineral water bottle after we have discarded it. About 70 per cent of PET bottles are recycled and reused in textile and packaging industry.

India is one of the largest recyclers of PET in the world, next only to China. The industry is growing at a rate of more than 25 per cent per annum. India consumes around 800,000 tonnes of PET resins annually, around 70 per cent of which is collected and recycled. PET recycling business has a turnover of Rs 3,500 crore[1].

PET recycling business is concentrated in Maharashtra and Gujarat, textile and packaging hubs of the country. There are not many PET recycling units in Andhra Pradesh and Telangana. Given that both Telangana and Andhra Pradesh are bountiful in cotton and have identified textile as a focus sector, PET recycling can be an attractive opportunity.

PET Recycling Process

PET bottles are collected by rag pickers and eventually find their way in the recycling factories. Here the bottles are crushed to make PET flakes that are cleaned, cleared of other polymers, hot washed and dried. These flakes can be further processed into fibres (for textile) or injection moulded/ blow moulded for other applications.  The quality of PET is measured in terms of its purity (PPM, particle per million of impurities) and its hardness (Intrinsic viscosity, IV).  The quality of PET flakes is dependent on the input as well efficiency of the washing process.

Market

In India recycled PET (R PET) is not allowed for packaging of food items. The key end use applications of RPET include textiles, PET straps and home furnishing. Nearly 70-80 per cent of R pet is consumed in textile industry.

Products can be made from PET Flakes

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The industry players are of two types, PET flakes manufacturers and integrated players who process the flakes into fibre or other products. The table below describes some of the integrated players.

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Budget

A PET flakes manufacturing unit (comprising PET grinder and washing line) of a capacity of 300 kg per hour can be set up within a budget of Rs. 1 crore.  The land requirement would be around 1000 sft. One also needs to develop a strong network of/chain to collect PET waste.

How can we help?

We can help you set up PET recycling unit through a number of services including market viability assessment, technical consultation and project execution support.

Reach Us

Write to us: bchhatre@finetrain.comadmin@finetrain.com

Call us: 800 888 4932 /9032398367

Visit us: www.finetrain.com

[1] Source: http://www.petrecycling.in/ and Reliance industries presentation in

ASSOCHAM’s 4th National Conference on ‘Waste to Wealth

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Business opportunity: Medical Devices sector

Medical devices refer to devices and consumables used by the doctors and hospitals in patient care. It is a multi-product industry comprising consumables, surgical instruments, implants and diagnostic reagents. The industry size is estimated to be INR. 30,000 crores, with imports accounting for 70 per cent of the industry turnover. The industry is growing in double digits.

The sector offers huge opportunity for entrepreneurs to offer cost competitive products that can reduce our dependence on imports and make healthcare more affordable and accessible to all.

What are the key segments?

The market can be divided into four categories, as shown below

Picture 1: Indian Medical device Industry

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Source: Recommendation of task force on Medical Device sector in India-2015

Who are the large manufacturers?

The Indian market is dominated by international players such as Abbott Vascular, GE health care, Phillips health Care, Medtronic, Johnson and Johnson, Siemens, Baxter, Stryker, Zimmer holdings and many more.

Among the Indian manufacturers, there are around 800 companies, majority of them are present in price competitive consumable segment.  Some of the interesting Indian players who have been able to offer technology based differentiated products are as under. (See table 1)

Table 1: Medical devices manufacturers-interesting companies

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Where is the opportunity?

The equipment and surgical segment and implants offer attractive opportunity for manufacturing indigenous products that can reduce our import dependence. These segments have been described in the table below.

Table 2: Attractive segments- Medical device industry

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The opportunity can be broadly be divided into two categories:

  1. Manufacturing Products similar to already existing imported products: For example: surgical sutures, dialysis machines, ECG machines, patient monitoring systems etc. Indian companies can offer more cost effective diagnostic equipment or an implant
  1. Opportunities to create new products that are not available in the market before For example- Cost effective diagnostic solutions for poor and rural population. Some of the companies that work in this area include Forus health care (Eye screening devices) and Biosense Technologies (cost effective solutions for checking blood sugar, anaemia etc).

What are the challenges?

As per Dr. Ashutosh Mundkur, a senior medical device industry professional and start up mentor, a medical device start-up faces following challenges:

Inadequate market research: The market assessment about the need for the device and its ability to either cut the healthcare cost or improve user experience has to be clearly established. Many companies discover their inability to sell the product after they have launched the product in the market

Lack of adequate attention to quality and safety aspects of the device: Many a time’s start-ups are too focussed on reducing the cost of the device to make it competitive Vis a Vis imported products and do not pay enough attention to the quality aspects.

Regulatory hurdles: There is lack of clarity on license required for manufacturing medical devices. As per the current regulations, the CDSCO license (Central Drug Standards Control Organisation) is needed for 14 notified devices[1].  For the remaining, it is left to the state Drug controller office/CDSCO to decide whether a license is needed. However regulatory hurdles are expected to clear after passage of new medical device regulation, which is currently under review and awaits parliamentary approval

Funding: Investor interest in early stage medical device start-ups remains low, due to uncertainty about the device’s potential to make it big and long development time. Some of the funds[2] that have invested in health care start-ups include Avishkar, Acumen, Centre for innovation and entrepreneurship (CIE, IIMA), Unitus, Venture East and Viligro

Conclusion 

With the rising disposable incomes and increasing longevity, the demand for better health care is only going to rise. Medical devices are instrumental in making health care more affordable and accessible.  The ecosystem for the medical device companies is expected to improve with government’s effort to promote manufacturing in India.  As such, growing demand and improving regulatory outlook, make medical device manufacturing a very attractive segment.

How can we help you?

We can help you start a medical device manufacturing business through a number of services including business viability assessment, market landscaping and expert consultation.

Reach us:

bchhatre@finetrain.com

Phone:800 888 4932

[1] As per drugs and cosmetic act fourteen devices are notified as drugs. In addition, eight products including Blood Grouping Sera, Ligatures, Sutures and Staplers, Intra Uterine Devices (Cu-T), Condoms, tubal Rings, Surgical Dressings, Umbilicalfapcs, Blood Component Bags also require drug license.

[2] Source: https://yourstory.com/2013/09/ventures-investing-in-indian-healthcare-sector/

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On Demand Laundry Service

On demand laundry refers to a service whereby people/organizations can outsource the washing, drying and ironing of their clothes at their convenience. The service which has been traditionally provided by dhobis is now attracting new players, who take order through a website/app, and provide delivery at the customers’ doorstep.

The customers include urban population, people living in hostels, paying guest accommodation as well as institutions such as Indian Railways, hotels, hospitals and guest houses who are looking to outsource their laundry services. The opportunity is large and is estimated to be over Rs. 5200 crores.[1]

Hyderabad Market

Other than the neighborhood dhobi, there are a number of organized players already in the market (see table 1). These players offer self-service (whereby people can wash their clothes themselves by using the washing machines provided by the company) as well as pick up, wash and delivery of clothes.

Table1: Hyderabad market

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 Capital requirements and profitability

The capital is required for rentals, machinery, working capital and marketing expenses. The machinery includes washer, water remover, dryers and ironing equipment.  Price of the machinery would vary based on the capacity of machine and can be up to Rs. 7 lakhs for a capacity of  60 kg/cycle. Further, one needs funds for paying the rent, electricity bills and marketing expenses. As such, the business can be started within a budget of Rs. 20 lakhs and profitability would depend on your ability to market your services.

How can we help you

FineTrain enables entrepreneurs to assess and understand new business opportunities. Our services include market research, business feasibility studies and business diagnostics. We can help you understand the feasibility and viability of laundry services and related opportunities including market study, machinery, overall capital requirements and profitability.

 

Reach us:

Call us @ 800 888 4932,

Write to us- bchhatre@finetrain.com

Visit us- www.finetrain.com

[1] As per KPMG report the organised laundry market is estimated to around Rs. 5200 crores.

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How to decide if you should stay put in your business

You have built a successful business and are looking for growth opportunities.  You can either invest in your existing business or consider new ventures. The following five parameters may help you decide if your business is attractive enough for you to put in additional resources.

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Market size:  If you want to grow fast, the market has to be big enough for you to sell your goods to large volume of customers.  Sometimes, you may discover that your market is too small to be worth pursuing.

Say you are providing an online platform to hire domestic help in a particular city. The city has 10 lakh households, of which 10% or 1 lakh households are your target customers. If you can convert 10% of that eventually, you can get 10,000 customers.  Assuming you earn a commission of Rs. 1000 per customer, your revenue could be at best Rs.1 crore and profit perhaps 10 lakh.  That may be too small, but if you are able to replicate the same model in other cities, the business may be worth pursuing.

Customer acquisition cost and customer life time value: Customer acquisition cost refers to costs incurred in obtaining new clients. These include salaries of marketing staff, advertising spend and discounts offered.

Say, to attract 1000 customers, you spend Rs. 50,000 in advertising, deploy one sales manager at a monthly salary of Rs. 30,000 and offer discounts worth Rs. 10,000. Your customer acquisition expense then is 90,000 or Rs. 900 per customer.  Your revenue per customer should be at least 4-5 times the acquisition cost for your business to be profitable. However, revenue can be spread over 5-10 years of your engagement with the customers and need not be from just one transaction. So, the more repeat customers you have, the customer life time value would be higher and so would be your profitability.

Fixed versus variable costs: Businesses have two types of costs: fixed costs and variable costs. While fixed costs such as rents, salaries, and interest do not change with the increase or decrease in sales volumes, variable costs such as raw material, transport charges vary with the number of units produced or sold.

Higher fixed costs implies that it would take you a long time before you can start making profits, but profits would grow sharply once you achieve critical mass (breakeven point).

Get to know your fixed and variable costs and breakeven point. If you have already achieved the critical mass, it’s time to stay put and enjoy better profitability.

Operating profits: Refers to profits that remain after meeting all operating costs (i.e., all above mentioned costs except interest, depreciation). If your operating profitability is declining, you would need to conduct a thorough diagnostic assessment of your business.

Return on capital employed: Operating profit alone is not enough; return has to be analysed in the context of the capital that is deployed in your business.  For instance, if your average annual operating profit is around Rs. 25 lakh and the total capital deployed in the business is Rs. 5 crore, then your return on the capital is only 5%. This kind of return can also be generated by simply putting your money in a fixed deposit.

How can we help?

FineTrain enables entrepreneurs to assess and understand new business opportunities. Our services include market research, business feasibility studies and business diagnostics. We can help you assess your market, determine customer acquisition and lifetime value costs, your operating profits and return on capital, and recommend ways to improve profitability or expand your business.

You Can Reach us:

Call us @ 800 888 4932,

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Business Opportunity in Andhra Pradesh: Aquaculture and allied industries

Aquaculture:

Aquaculture refers to commercial farming of seafood such as fish, prawns and crabs. The produce is either sold fresh or in processed form in domestic and export market.  Aqua animals found in India can be divided into two categories: marine animals such as shrimps and crabs and inland fresh water fish including Rohu, Catla, Mrigala, Grass Carp.

The current Indian market[1] for sea food is estimated to be 10.07 million tonnes, valued at over INR 1 lakh crore, growing at a compounded annual growth rate (CAGR) of 5% in volume. The processed fish segment (although only 12% of the total market now) is growing at a CAGR of 10% in terms of volume and over 25% in terms of value.

The growth of the aqua industry has spurred the growth of a large number of supporting industries such as manufacturing fish feed and equipment/products for catching and processing fish.

Why Andhra Pradesh?

Andhra Pradesh is the largest producer and exporter of seafood (see Table 1) in the country.  Aquaculture is an attractive opportunity in coastal regions of Andhra Pradesh such as Srikakulam, Vizianagaram,Visakhapatnam, Krishna, Guntur, Prakasam, Nellore and East and West Godavari.

Table 1: Major fish producing states in India (2014-2015) 

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Source: National Fisheries Development Board

What are the Opportunities offered by allied industries?

These include opportunities related to manufacturing products and equipment used in farming and processing of sea animals.

 

Table 2: Aqua culture and allied industries

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What is the Government support available to this industry?

There are a number of incentives available to entrepreneurs in this sector, including schemes from National Fisheries Development Board (NFDB), Department of Fisheries (Andhra Pradesh) and Department of industries (Andhra Pradesh). These are of two forms:

  1. Farmers are given subsidy to purchase equipment such as Aerators that mechanize the farming
  2. Entrepreneurs are offered incentives to set up manufacturing facilities/processing facilities. For example, as part of Fisheries Policy of Andhra Pradesh, entrepreneurs are offered interest subvention/subsidy of 6% on the loan taken for setting up the unit for ice processing plants and feed manufacturing units.

For more information on these subsidy schemes, please click this links:

http://www.ap.gov.in/wp-content/uploads/2015/12/31102015AHF_MS30.pdf

http://nfdb.gov.in/pdf/GL.pdf

How can we help?

FineTrain enables entrepreneurs to assess and understand new business opportunities. Our services include market research, business feasibility studies and business diagnostics – we can help you in understanding the feasibility and viability of aquaculture and related opportunities and suitable government schemes. We also offer support in executing your ideas by connecting you with sector experts and professionals.

Call us @ 800 888 4932,

Write to us- bchhatre@finetrain.com

Visit us- www.finetrain.com

[1]  Market size has been estimated  by assuming production at 10.9 million tonnes  (as per data from National Fisheries Development Board)  and a price of 100 INR per kg

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Biodiesel manufacturing –Very risky proposition for small businesses

Why are small businesses interested in Biodiesel?

Improving profitability and deregulation of diesel prices (the subsidy on diesel prices was removed in 2015 and diesel price has been linked to its international price) is fuelling the interest of small businesses in biodiesel. Currently, the small manufacturers of biodiesel are able to make profit margins of over 10%, provided they are able to source raw materials efficiently. Their profitability has somewhat improved due to a reduction in input palm oil imported prices following GOI’s directive to waive import duty on crude palm stearin.

The biodiesel industry has two type of players, large refineries with a capacity of 50-500 tpd (tonnes per day) or more and small players with lower economies of scale who manufacture 5-10 tonnes per day.The large corporations supply bio diesel to Oil Marketing Companies (such as HPCL,BPCL) and bulk customers such as Indian Railways. Smaller players sell their biodiesel to farmers (as fuel for their tractors), and local industries where inherent customer credit risk is high. Their product typically gets sold at a discount of Rs. 3-4 from the retail price of diesel.

Given the policy incentives and government push to promote greener fuels, lot of small businesses have started manufacturing biodiesel. But the moot question is- is this sustainable? We believe that these businesses are not equipped to manage the risks inherent in biodiesel manufacturing, arising out of lack of any linkage between biodiesel prices and its feedstock palm oil prices.

What is the risk?

Selling price of biodiesel is not linked to its raw material price

The selling price of biodiesel is linked to the retail price of diesel, and it varies depending on international prices of crude oil and duty structure. However cost of manufacturing biodiesel is linked to palm oil, a vegetable oil, prices of which is not dependent on crude oil. Thus biodiesel manufacturers inadvertently take on input commodity price risk, which they neither understand nor have capability to manage.. Also, unlike large corporates who can diversify their risks across different businesses/products, small businesses often only have only one revenue stream, thus have limited risk appetite and are impacted by concentrated business risk profile.

Biodiesel price movement is difficult to predict

For someone in the .business of manufacturing biodiesel, understanding drivers of diesel including international price movement of diesel and government policy on excise duty is critical. As can be seen in the table, excise duties, taxes contribute up to almost 50 per cent of diesel price.

Build-up of diesel prices

table

What else can go wrong?

Further, one needs to be able to anticipate the trend in palm oil price also, as a fall in diesel prices coupled with increase in palm oil prices can erode the profitability of biodiesel operations.

Given so many domestic and international variables that impact the biodiesel business, it would be difficult for a small business to manage the inherent risk, and therefore it may be advisable for them to not enter biodiesel manufacturing.

About FineTrain

FineTrain (www.finetrain.com), an advisory firm for small businesses. FineTrain provides independent, comprehensive and real time information on new business opportunities.

Reach us at admin@finetrain.com, bchhatre@finetrain.com

Call us-800 888 4932

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Business Opportunities in Medical Textiles (Meditech)

Meditech products are textile products such as bandages, wound dressings, hospital linen, surgery material etc that are used in medical services. The market is estimated to be around Rs. 4000 crores1, growing at 8-9 percent annually. Meditech is a very attractive opportunity in both Telangana and Andhra Pradesh (AP) as they have flourishing health care industries and access to cotton (AP-Telangana combined are third largest in the country). AP already has a Textile policy and Telangana is in the process of launching its new Textile policy.

Meditech Products

Meditech products can be broadly divided into four categories (see picture 1), the first two categories account for more than 70 per cent in value. Key products include surgical dressings, medical sutures, sanitary napkins and baby diapers.
Picture 1: Meditech products

These products can be woven or non-woven. Woven products such as bandages, dressing material are made of natural cotton and other fibres. Non-woven fabrics are made mostly from poly propylene, which is bound together through chemicals process. The examples of non-woven products include sanitary napkin, diapers, and surgical masks. The market for non-woven disposable products is growing faster as compared to woven products due to their higher resistance towards infection (as they are single use items) and ease of use.

Business opportunities

There are two categories of players: integrated manufacturers and convertors. Integrated manufacturers weave the fabric and then convert it into medical product, whereas convertors buy the fabric and make medical textile products from the same. Most small businesses operate as convertors. Below table shows some of the opportunities for small businesses in the Meditech area.
Table 1: Business opportunity-Medical disposables

Surgical gownFace MaskSanitary napkinDiapers
Machine (Price Rs. Lakhs)1025150175
Capacity (Pieces per day)50030001500010000
Manufacturing cost per piece (Rs.)50-700.501.55
Investment required25-30 lakhs35-40 lakhs3-4 croresmore than 5 crores

Source: A presentation by South India Textile Research Association (SITRA)

Challenges

Marketing the product remains the biggest challenge, as most of these products have to be marketed directly to the hospitals. Each hospital has its own set of standards in terms of the colour, shape, size of medical disposable. Further, the working capital cycle can be fairly long with hospital taking as much as 3 to 6 months to make payments. For some of the products such as diapers, sanitary napkins that are sold in retail market, one has to compete with established multinationals such as Procter and Gamble, (P&G), Kimberly Clark.

The Road ahead

The rising number of hospitals, awareness for health and hygiene, increasing disposable incomes and favourable government policies are key drivers for the industry. The existing level of penetration for medical disposables remains very low, (for example only 12%2 of Indian women use sanitary napkins) offering immense opportunities for new entrants. Also heavy advertising by large companies has increased awareness of such products among rural area as well. The key would be in making the products affordable to large number of people. The success would depend on understanding the market, product innovation and differentiation and ability to tide over long working capital cycle.

How can we help you

FineTrain assists entrepreneurs in converting local opportunities into viable businesses. We provide independent, comprehensive and real time information that helps entrepreneurs

  • Understand locally available business opportunities
  • Assess viability of new business ventures
  • Smoothen project execution
  • Reach us at: bchhatre@finetrain.com, admin@finetrain.com, 800 888 4932

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    Budget 2016-17- New business opportunities

    A number of measures for promotion of entrepreneurship were announced in the budget 2016-17. We bring you details of specific programmes and key sectors that are likely to benefit.

    Measures for entrepreneurship promotion

    Stand up India Scheme

    • Promotes entrepreneurship among SC/ST entrepreneurs and women
    • Facilitates Loans from Rs. 10 lakhs to Rs.1 crore for green field projects in non-farm sector
    • Loans to be backed by Credit guarantee via National Credit Guarantee Trustee Company

    Shyama Prasad Mukherjee Rurban Mission

    • A cluster development scheme for rural areas
    • Clusters to promote local entrepreneurship and to provide infrastructure for development
    • 300 clusters to be developed over three years, part funding would be from Ministry of Rural Development
    • State government to identify the clusters

    Opening up road transport sector in the passenger segment

    • Government to allow private operators to operate buses for passengers, leading to opportunities for entrepreneurs to operate buses
    • Currently this sector is a monopoly of State Transport Departments
    • State governments will take a decision on whether/when they would allow private players

    Parmparagat Krishi Vikas Yojana

    • Promotes organic farming
    • Fifty or more farmers form a cluster having 50 acre land to take organic farming
    • Each farmer will be provided Rs. 20000 per acre in three years for seed to harvesting crops and to transport them to market
    • The produce would be certified, farmer doesn’t have to bear certification cost

     How can we help?

    If you are looking to start a new business and looking for new opportunities, we can help you understand locally available opportunities

    If you already have a business idea and we can help you understand its viability

    Call us @ 800 888 4932,

    Write to us- bchhatre@finetrain.com

    Visit us-www.finetrain.com

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    Startup India: Action plan

    Startup India Action Plan was launched on 16th January, 2016 at Vigyan Bhavan, New Delhi by the Government of India (GOI), with a mission to unleash the startups from administrative obstructions and to foster innovation and entrepreneurship.

    What is a startup?

    What is StartupFor availing incentives available under startup action plan, government has defined startup as an entity that is not more than 5 years old, is registered and focused on innovation.

     

     

     

                                                Startup definition
    ParametersEligibility criteriaRemarks
    Company typeEither a LLP, registered partnership firm, private limited companyProprietorship firms are not eligible
    Years in businessThe company should be less than 5 years old.The company’s age is measured from date of incorporation
    TurnoverLess  than Rs. 25 crores
    ProductNew product, service or process(Or)a significantly improved product, service or process

     

    (This  is difficult to ascertain, therefore, the government has defined the eligibility parameters, explained in the adjoining column)

    The startup should:

    1. Be endorsed by an incubator established in a post graduate college or by an incubator that is funded/recognized by government
    2. Be funded by a Venture Capital fund/angel fund/PE fund that endorses the innovative nature of its business.
    3. Have a  patent from Indian Patent and Trademark office

     

    Key measures:  The Startup India Action Plan can be broadly divided into three parts as shown below.

    Startup Indian Action Plan

    Ease of doing business

    1. Easy registration: Company registration through an app
    2. Self-certification:
    • Startups will be allowed to self-certify compliance with nine labor laws; no inspection will be conducted for three years
    • White startups (i.e., software startups) will be allowed to self-certify compliances with environment laws
    • Startups do not have to pay income tax for first 3 years
    1. Easy exit:
    • Startups allowed to close within 90 days of submitting the application for closure

    Funding

    1. The government plans to set up a INR 10,000 crore fund to invest in startups, of which INR 500 crore corpus is towards a Credit Guarantee Fund, which will make it easier for startups to obtain a bank loan
    2. Exemption on long term capital gains, if capital gains are deployed in a fund that invests in startups, or if these gains are used to purchase assets in a startup
    3. The GOI plans to set up a specific fund for investing in bio-technology startups

     Fostering Innovation

    1. Industry-Academia Partnership
    • Incubators at engineering and management colleges to support technology driven innovation
    • Research parks in IITs, so that research based companies could be housed there and benefit from their research expertise
    • Funding support for setting up new incubators by both government as well as private institutions
    • Incubators for bio-technology startups
    1. Government to hold startup fest to facilitate exchange of ideas between incubators, investors and entrepreneurs
    2. Innovation focused programs for school and college students

    How Finetrain Can Help:

    The startup mission couldn’t have come at a better time: The business environment in India is becoming more entrepreneur friendly, as also reflected in the World Bank’s recent report on ease of doing business across countries.

    If you are thinking about a new venture, now is the time to start. Finetrain can assist you in identifying locally available opportunities that can be converted into viable businesses. We can help you with:

    • Comprehensive, real-time information on local opportunities
    • Assessing viability of specific opportunity
    • Facilitating connections to sector experts and/or professionals who can help you in implementing your plans

    Contact:

    Write to us: bchhatre@finetrain.com

    Call us: 800 888 4932

    Visit us: www.finetrain.com

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