Startup

Profitable Milling Business Opportunities in India

 Profitable Milling Business Opportunities in India

1. Dal Milling Business Opportunities
   

Milling Business The major agro-processing industries in India is Dal milling. Technology upgraded, highly versatile and energy-efficient dal mills are a very profitable venture to start with substantial capital investment^[1]. There are generally two types of Mills namely; Dry mill and Wet Mill for conditioning the pulses prior to dehusking and splitting operations and the method of drying of the soaked grain pulses.

Oil Milling Business Opportunities

The demand for edible oil is increasing day by day as the consumption of oil is increasingly growing

• Paper Milling Business Opportunities

The mini paper mill is an excellent Business Plan and one of the most profitable paper business ideas one can initiate with substantial capital investment. In initiating a mini paper mill, you should be careful in selecting the location. Actually, the raw material for the paper mill is the forest goods. Therefore, you have to select the location of the plant nearby the place where you procure raw materials easily.

• Rice Milling Business Opportunities

Rice is the most important and major food grain in India. Additionally, the country is also the leading exporters of rice in the world market. Rice milling is the process which helps in the removal of hulls and barns from paddy grains to produce polished rice. Rice forms the basic primary processed product obtained from paddy and this is further processed for obtaining various secondary and tertiary products. In addition, you will need to have a 2-acre land for establishing an improved quality rice milling unit.

• Rolling Milling Business Opportunities
  

The growth in construction activity and infrastructure projects in India has buoyed the demand for the steel industry. There is a demand for steel products such has Thermo Mechanically Treated (TMT) Bars, Structural steel viz., angles, plates, channels, rounds etc. In starting a small scale rolling mill business, you will need to have land around 1.0 acres.

• Saw Milling Business Opportunities
  

You can start the sawmill business in two ways. One is by establishing a sawmill unit at a suitable location and otherwise by having a portable sawmill business. The major raw material in the sawmill business is the wooden log. The availability of raw material is one of the major aspects of getting success in a sawmill business operation.

• Spinning Milling Business Opportunities
  

Spinning mill operations provide conversion of fibers into yarn. These fibers can be natural fibers like cotton or synthetic fibers. The final product of spinning is yarn. Indian Textile Industry contributes 4% to the GDP of the country. It contributes 14% to Industrial Production and 9% of excise collections. The Plant & Machinery required for the Spinning Mill process for manufacturing yarn of different counts are blow room machinery, metal detection system, spark diversion system, carding machines, card accessories, draw frame (Finisher & Breaker), speed frame, combers, ring frame, electrical infrastructure, yarn testing instruments, humidification and waste collection system and automatic cone
winding machine etc.

• Sugar Milling Business Opportunities
  

Sugarcane processing is focused on the production of cane sugar (sucrose) from sugarcane. Other products of the processing include bagasse, molasses, and filter cake. The mini sugar plants adopt the open pan sulphation sugar manufacturing process known as ‘Khandsari’. This produces white crystalline sugar suitable for direct consumption. Additionally, you must select the plant location carefully. Easy availability of raw material is one of the most crucial aspects of sugar mill business.

• Textile Product Milling Business Opportunities

The textile industry of India operates largely in the form of clusters – mostly natural clusters – with roughly 70 textile clusters producing 80% of the country’s total textiles. Major textile mill products are handlooms, power looms, hosiery, and knitting, and also readymade garments, khadi, blankets, and carpet manufacturing.

• Windmilling Business Opportunities
  

Wind Mill Plants in India have seen a phenomenal growth of around 33% CAGR in the last 5 years. In windmill operation, the capital cost ranges between 4.5 crores to 6.85 crores per MW, depending upon the type of turbine, technology, size, and location. The Running Cost of a Wind Farm is very low as the fuel cost is zero and operations and maintenance costs are low also.  In India, windmilling business enterprises are entitled to take 80.0% accelerated depreciation on assets employed in renewable energy power generation and benefit from a 10-year tax holiday.

Milling Business Registration and License

Depending upon the category of milling business; milling business required to obtain specific license and registration before commencing the business. Check your state laws carefully. However, here we put a list of basic requirements:-

• Registration of the Establishment:
  

The first and foremost step is to get it registered the form of an artificial legal entity like proprietorship under the Shop and Establishment Act, limited liability partnership under the Limited Liability Partnership Act, 2008 or Company under the Companies Act, 2013.

• Application For Trade License
  

Apply for the Trade License in a Local municipal authority to start the business.

• MSME Registration
  

For obtaining the benefits of Micro small and medium enterprises granted by the government apply for the Udyog Aadhaar MSME Online Registration

• FSSAI Registration

This license is mandatory for the entrepreneur dealing in food businesses In the case of milling business it is mandatory for the flour mills, sugar mills to get the license from the  Food Safety and Standards Authority of India.

• Agmark Certification
  

AGMARK is a certification mark employed on agricultural products in India, assuring that they conform to a set of standards approved by the Directorate of Marketing and Inspection, an agency of the Government of India.

•  BIS Certification

BIS Certification is a way to make the third party assured of the quality, safety, and reliability of products. However, BIS Certification is voluntary in nature; but the Government of India has made BIS certification mandatory for certain products taking into consideration public health.

• GST Registration
  

It is required to have a GST Registration for all the businesses carrying out a taxable supply of goods or services. All the businesses whose turnover exceeds the threshold limit are required to get register and obtain GST numbers.

• Pollution Clearance
  

This business doesn’t demand any pollution clearance. However, check it with the State Pollution Control Board of your area