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Because of high initial investment costs, limited domestic demand, and a focus on traditional paper industries Additionally, technological challenges, competition from imports, and strict environmental regulations make it less attractive for manufacturers to enter this market
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_Idea:_ Eco-Friendly Packaging Business _Description:_ Design and manufacture sustainable packaging solutions using biodegradable materials, such as plant-based plastics, paper, and cardboard. _Market:_ ₹500 crores (2022), growing at 18.1% CAGR to
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The Rise of Electric Vehicles in India India's EV market is witnessing rapid growth, driven by government incentives, rising consumer awareness, and technological advancements. The country's vast population and growing middle class present a signif
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PESTLE Framework:- The framework analyzes external factors influencing a business. 1] Political:- Government policies, regulations, stability, tax policies, trade traffic 2] Economic:- Economic growth, inflation, exchange rates, interest rates 3]
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MHI Launches SPMEPCI Portal to Boost EV Passenger Car Manufacturing in India The Ministry of Heavy Industries (MHI) has launched the SPMEPCI portal (Scheme to Promote Manufacturing of Electric Passenger Cars in India), open for applications from Jun
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