Project Profile: Jaggery Product Manufacturing

Objective

The primary objective of the model report is to facilitate the entrepreneurs in understanding the importance of setting up unit of Fruit & Vegetable Powder. This model report will serve as guidance to the entrepreneurs on starting up such a new project and basic technical knowledge for setting up such a facility.



Introduction

The Jaggery industry has been considered as one of the small scale and cottage industries in India. From the time immemorial, the sugarcane crop has been known as cash crop for Indian cultivators and so also the preparation of jaggery. As much as 45 to 50 per cent of sugarcane crop has been processed annually in to jaggery or Khandsari. The production of jaggery ranges between five million tons and seven million tons. It is estimated that two third of the sweetening requirement in rural areas is met by jaggery. The jaggery industry in the country has thus, been continued to be an industry of great importance and relevance. The economy of the country is closely associated with this industry.


Products

  • Regular Jaggery

  • Organic Jaggery

  • Ayurvedic Jaggery

  • Jaggery Cubs

  • Jaggery Powder/ Granules

  • Jaggery Ganesh

  • Jaggery Modak

  • Jaggery Chikki.

Critical Success Factors

Indian jaggery industry is the largest unorganized sector which has been one of the most ancient and important rural-based cottage industries in the country. The majority of the sugarcane growers are manufacturing jaggery with minimum capital investment which provides jobs to the unemployed rural people. The jaggery manufacturers are mostly small and marginal farmers relying on quick returns from jaggery. It is, therefore, huge potential in jaggery manufacturing unit by improving its qualities through value addition and packaging of jaggery and jaggery based products with modern technologies.



Raw Material

Basic Raw material for proposed unit good quality full grown matured Sugar Cane.


Capacity

The capacity of the project is 50 Tons of Can per day.


Land Area Requirement

Land should be located near to the growing Agri-cluster area easily connected with the Road and Rail. The Project Land should also have easy availability of the water and electricity. The ideal land require for the project is 3500 Sqm.


Financial Aspects

  • Plant & Machinery with Utilities: 2.80 Crore

  • Civil Infrastructure: 1.00 Crore

  • Other Expenses: 0.30 Crore

  • Total project Cost: 4.10 Crore


Means of Project:

  • Equity/ Promoter Contribution:(30%) 1.23

  • Bank Finance (70%) : 2.87 Crore

  • Total Project Cost: 4.10 Crore


· Estimated Turnover of the project will be around Rs. 5 Crore with Positive IRR of 24%.

Government Incentives

1. Government of India has designed a Pradhan Mantri KisanSampada Yojana, In Which Capital Grant from Rs. 5 to 10 Crore is being provided as per the scheme guidelines.

2. Considering Agro and Food Processing as a priority sector various state government are also providing Incentives like Capital Investment Subsidy, Interest Subsidy, Labour Subsidy, Tax Benefits etc.


Our firm Provides following Services

» Project Management Services

o Pre-feasibility Study of the Project and existing market analysis of the product to be manufactured.

o Conceptualization of the Project and Finalization of Project Components.

o Bankable/Detailed Project Report

o Assistance in Grant/ Subsidy

o Detailed Design and Engineering of the Project

o Technology Sourcing

o Project Management Consultancy

o Supply Chain Management

o Agriculture Advisory Services etc.


» Food Product Development Services

o Suitable & Innovative Packaging as per product characteristics

o Bio-Degradable Packaging

o Development of range of variant of product with suitable packaging as per the requirement of product.

» Food Safety & Quality Licenses

o FSSAI

o APEDA

o Spice Board of India

o DGFT


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