CUTTACK - 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 • Cuttack is the former capital and the second largest city of Odisha. It is also known as the Millennium City as well as the Silver City due to its history of 1000 years and famous silver filigree works. • The city is also known as the commercial capital of Odisha. There are many trading houses in the city renowned nationally and internationally. • Indian Metals & Ferro Alloys (IMFA), the country's largest producer of ferrous alloys is in Cuttack. A mega-auto complex is in implementation stages on the city's outskirts. • The presence of Central Rice Research Institute (CRRI), the largest rice research institute in Asia, adds to the importance of Cuttack in the agricultural map of the country. • OSL Group, one of the leading stevedore firms of the country is headquartered in Cuttack. • Cuttack is the healthcare hub of Odisha. There are many major hospitals in and around Cuttack such as; Acharya Harihar Regional Cancer Centre, Sardar Vallabhbhai Patel PG Institute of Paediatrics. Market Research and Opportunity Analysis Report CUTTACK
Economical Analysis • • • • • •
Cuttack is one of the largest hub for textiles in eastern India. It generates over a billion dollars of revenue annually from textile trade. Agriculture is a mainstay of Cuttack's economy. The nearby villages are known for their high-quality and surplus production of crops, vegetables and fruits. The city is also famous for its handicraft works using cow and mostly Buffaloes horn. These fine and unique handicraft works add significantly to the local economy. There are 11 large-scale industries in and around Cuttack which includes steel, power, automobile, alloys, fireclay, etc. Education is also a major industry due to large number of universities, colleges, schools and coaching centers and caters to the neighboring districts. Cuttack, being the largest business hub of the state is the nodal point of trade and transport. It also has the largest wholesale commodities market of the state at Malgodown and Chhatra Bazaar catering the whole state.
Market Research and Opportunity Analysis Report CUTTACK
SWOT Analysis STRENGTHS
OPPORTUNITIES
WEAKNESSES
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One of the largest hub for textiles in eastern india
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Well connected to all major cities of india.
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Competitive market.
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Poor infrastructure, lack of parking space.
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Major ongoing projects like monorail.
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Healthcare hub housing major hospitals & research centers.
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Due to the proximity to coast, the city is prone to cyclones from the Bay of Bengal.
THREATS
Market Research and Opportunity Analysis Report CUTTACK
Untapped Business Opportunities in CUTTACK AGRICULTURE INDUSTRY
FOOD INDUSTRY
ENERGY & CLEANTECH
• Organic Fertilizer Production
• Packaged Sugarcane Juice Manufacturing • Cloud Kitchen / Restaurant
• Solar Thermal Application • Biodiesel Processing Unit
• Agricultural Drone Rental Service
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SERVICE INDUSTRY • Errand Runner • Smart Vending Machine • Adult Diaper Manufacturing
Market Research and Opportunity Analysis Report CUTTACK
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EDUCATION INDUSTRY
HEALTHTECH INDUSTRY • Medical Tourism • E-pharmacy • Home Healthcare Services
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STEM Toys Manufacturing Planetarium Kids Mobile App
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Market Research and Opportunity Analysis Report - CUTTACK