ANDAMAN & NICOBAR - Market Research and Opportunity Analysis Report
Report Inclusions
Geographical Analysis of a selected location| Demographical Analysis of selected location | Market Dynamics | Economical Overview | Environmental Analysis | Existing Infrastructure | Resources Availability | Market Potential - Untapped Opportunities | Potential Business Ideas and Ratings
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Executive Summary and Analysis • • • • • •
Andaman and Nicobar is a Union territory of India comprising 572 islands of which 37 are inhabited. The capital of the territory is the city of ”Port Blair”. These group of islands are situated at the juncture of the Bay of Bengal and the Andaman Sea. The islands host the Andaman and Nicobar Command, the only tri-service geographical command of the Indian Armed Forces. Andaman and Nicobar Islands' gross state domestic product for 2004 was estimated at $354 million in current prices. Andaman and Nicobar Islands are developing into a major tourism hub with exotic-looking beaches and pristine islands, wonderful opportunities for adventure sports like snorkeling and sea-walking. The Andaman and Nicobar Islands Integrated Development Corporation has spread its wings in the field of tourism, fisheries, industries, and industrial financing and functions as authorised agents for Alliance Air.
Market Research and Opportunity Analysis Report ANDAMAN & NICOBAR
Economical Analysis • • • • • •
The economy of Andaman & Nicobar majorly depends upon agriculture and fishing. In addition to farming there is a small forestry sector on the islands, which focuses on production of sawn wood for domestic use; surpluses are exported. Other major industries that are also a big contributor to the economy include its handicrafts industry, minerals and energy resources. There are 1,374 registered small-scale, village and handicraft units. Two units are export-oriented in the line of fish processing activity. Apart from this, there are shell and wood-based handicraft units. SSI units are engaged in the production of polythene bags, PVC conduit pipes and fittings, paints and varnishes, fiberglass and mini flour mills, soft drinks, and beverages, etc. Tourism is a growing industry in the Andaman and Nicobar Islands, with dozens of hotels scattered throughout the territory.
Market Research and Opportunity Analysis Report ANDAMAN & NICOBAR
SWOT Analysis STRENGTHS
OPPORTUNITIES
WEAKNESSES
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Natural sceneries and the exotic collection of flora and fauna attracting tourists worldwide.
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Abundance of natural resources such as woods.
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Lack of public infrastructure, power supply & drinking water.
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Limited and unreliable internet access on the islands
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Emerging tourism industry with potential to become the center for eco-tourism, cruise tourism, medical tourism.
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Low-lying islands at greater risk of submergence from sealevel rise.
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Natural disaster like cyclone, earthquake.
THREATS
Market Research and Opportunity Analysis Report ANDAMAN & NICOBAR
Untapped Business Opportunities in ANDAMAN & NICOBAR AUTOMOTIVE & TRANSPORT
FOOD INDUSTRY
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• Cashewnut Processing • Spirulina Production & Processing
ENERGY & CLEANTECH
Mobile Car Wash Art n Craft Export Cold Chain Personal car Rental Service
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• Edible Cutlery Manufacturing • Solar Thermal Application • Electric Vehicle
3
2
5
SERVICE INDUSTRY
HEALTHTECH INDUSTRY
• Online Morning Needs Delivery • Smart Vending Machine
• E-pharmacy • Ayurvedic Spa & Wellness Center • Home Healthcare Services
Market Research and Opportunity Analysis Report ANDAMAN & NICOBAR
6
4
TOUR & HOSPITALITY • • •
Corporate Retreat Center Eco-tourism Backpackers’ Hostel
METICULOUS BUSINESS PLANS
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Market Research and Opportunity Analysis Report - ANDAMAN &