TEAM ECLECTIC

The Crew
Anand Mohan
Naveen N
Shivam Aggarwal
Sudarshan Devraj

What is the scale?

1. Can be established among the Refugees in

Andaman & Nicobar and can be expanded to other
islands
2. Coir and coconut products accepted globally
3. Can be connected to other Coir industries like in
Kerala

What are the contributing factors?

1. Abundance of raw material

2. No seasonal restrictions
3. Tax Incentives
4. Less competitors
5. Availability of cheap labor
6. Social responsibility
7. Effective Waste Management
8. Proximity to South east Asian
countries

 What are the root causes/Problems?

1. Unemployment issue and lack of skill

level
2. No credible empowerment of tribal
refugees displaced after tsunami

PROBLEM OPPORTUNITY
Why is it solvable?

1.
2.
3.
4.

Everyone needs a job

Abundance of resources
Ability of incorporate human labor
Availability of cheap land

What other approaches have

been tried and what are their
results?
1. Not many coir and coconut processing
centers
2. No skill development centers.

Who are the beneficiaries or

customers?

1.
2.
3.
4.

Locals
Foreigners
Firms
Coir industries

How will we serve them?

1. Provide stable and ample employment opportunities

2 .Unadulterated products (oil) at lower prices
3. Handicrafts

What initial management and governance

structure will we put in place to
implement the strategy?

Getting as many contacts as we can(Government,

IP&T Dept. , Local Bureaucrats Chamber of
Commerce)
Information on availability and procurement
strategy of raw materials
Face to face interactions with locals and local
bodies
Setting up of processing plants

What partnerships or
collaborations would be critical or
useful?

1. With Locals and local businessmen

2. Government
3. Corporative societies within islands and
mainland
4. Logistics partners
5. Exporters

Cost Structure
Particulars

Cost (In Lakhs)

Land

30

Building

10

Plant and machinery with motors

30

Electrical installation

2.5

Miscellaneous fixed assets

0.5

Preliminary and pre-operation

expenses

1.5

Funding

Acquiring
capital for
next levels
Bank Loans

Sources of
fund
MUDRA Bank
, SIDBI,
Andaman
Nicobar
How
will
Corporative
you spend
Bank
it?
Spending on
acquiring
land ,
construction
and
purchasing
plant
machinery

Sources of
fund for
scaling up
A mix of
loans and
financing
options and
by ploughing
back profits

Revenue Stream

Fixed cost : Plant

and Machinery ,
Building

Variable cost: Raw

material, Wages
and salaries,
Electricity and
Spares and
Maintenance

Risks
What could go wrong? - Contextually Strategically -Programmatically Financially

1.
2.
3.
4.

Existing competitors
Earthquake prone area
Logistics
Infrastructure

How will we mitigate these risks?

1. More skill development and scalability

2. Negotiations and making use of local contacts