Generally, milling business opportunities in India involve wide manufacturing operations. According to the product and raw material, different types of milling business can be initiated as small and medium scale industries. In order to enhance the competitive strength of the small-scale sector, the Government of India has introduced several incentive schemes that provide a financial subsidy to eligible enterprises.
In manufacturing opportunities establishing milling business is definitely cost-intensive and also very profitable. Apart from machinery, other important resources are area or space, electricity, and manpower. Some of these mill business opportunities have export potential. Here we have listed the 10 most profitable milling business opportunities that can be initiated with proper financial planning.
List of 10 Profitable Milling Business Opportunities
1. Dal Milling Business Opportunities
Dal milling industry is one of the major agro-processing industries in India. Technology upgraded, highly versatile and energy-efficient dal mills are a very profitable venture to start with substantial capital investment.
The land requirement for establishing a modern pulse milling unit will depend on upon whether the unit will be using wet milling or dry milling operations for conditioning the pulses prior to dehusking and splitting operations and the method of drying of the soaked grain pulses. Major required machinery is Roller machine, Cylinder concave dehuller, Under runner disc (URD) Sheller, etc.
2. Oil Milling Business Opportunities
Edible oil consumption is increasing day-by-day and the demand for different types of edible oils is also increasing. Apart from large-scale, highly profit-oriented oil mill business operations can be initiated on a small-scale basis also. The mini oil mill connects a series of oil mill machinery together to increase oil production efficiency and get higher oil yield.
The entire manufacturing line is easy to operate, install, and commission. All these machines can easily connect to one complete oil line for greater efficiency or a single machine can work separately. The mini-type oil processing line can process many varieties of oilseeds, such as peanut kernels, rapeseed, mustard seed, cotton seeds, sunflower seeds, corn seeds, palm kernels, sesame, etc. Read More…
3. Paper Milling Business Opportunities
The mini paper mill is an excellent business and one of the most profitable paper business ideas one can initiate with substantial capital investment. In initiating mini paper mill, you should be careful in selecting the location. Actually, the raw material for the paper mill is in forest goods. Therefore, you have to select the location of the plant near the place where you procure raw materials easily.
4. Rice Milling Business Opportunities
Rice is the most important and major food grain in India. Additionally, the country is also the leading exporter of rice in the world market. Rice milling is the process that 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. Here, you can install the plant with a processing capacity of 2 MT per hour. Read More…
5. 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 as 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. Additionally, the project cost comes around 2 Crore. Read More…
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6. 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.
7. 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 is blown 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.
8. 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 the sugar mill business.
9. 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.
10. Wind Milling 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.
These 10 profitable milling business opportunities in India, we hope will inspire you in making a decision for initiating a medium scale milling business operation. Analyze and find the suitable milling business opportunities which fit you most as per your skills, experience, location, and knowledge.
Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.