Automatic Jaggery Plant: Best and Most Profitable Manufacturing Business Ideas

 

The production of jaggery is done in the sugar industry, one of India's most well-developed industries. The cultivation of sugarcane plays a vital role in the production of jaggery using the automatic jaggery plant. The automatic jaggery plant is used to produce jaggery by crushing sugarcane to extract its juice, clarifying it, and processing it into liquid jaggery. This liquid jaggery may further be processed and crystalized to a solid one. The industry of automatic jaggery plans is widespread as the demand for jaggery is very high. About 200 tonnes of jaggery are produced every year with the help of automatic jaggery plants.


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Market Overview

Jaggery is a natural sweetener that is often called non-centrifugal sugar and is widely used and produced in Asia and Africa. This raw sugar contains countless nutrients, vitamins, and minerals. These make it a healthy substitute to sugar. The global market of automatic jaggery plants always has a high demand for jaggery production. Although these automatic jaggery plants can produce 10 tons of jagger per day, more than 200 tons of jaggery are produced every season. The automatic jaggery production market is widespread all over Africa and Asia, India being one of the largest producers. The sugar cane growing states like MaharashtraGujarat, Bihar, UP, and so on have these automatic agger plants in abundance. 

 

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Market Growth

Since the demand for jaggery has always been high and seems to be increasing due to its health-friendly nature, the automatic jaggery plant market is witnessing good market growth. Despite jaggery being a season harvest, the automatic jaggery plant market is growing annually at a CAGR rate of 7.4% and is expected to reach an INR of 13.141 billion by 2026. On the other hand, India solely contributes to about 18.6 % of the global jaggery production.

 

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Market Trends

The production of jaggery is a systematic and step-by-step process. This whole procedure proper care and need to follow correct steps. Although the simplest this process can be cut down to is into these following three steps: 1. Juice Extraction, 2. Filtration and Boiling, 3. Cooling and Packing, the entire process of jaggery production, is a huge one. 

 

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The production of jaggery does not require multiple plants and machinery, as the entire process can be carried out with the help of an automatic jaggery production plant. A single jaggery production plant can produce about 10 tons of jaggery each day. Jaggery is produced in an automatic jaggery plant by using the only raw material: sugar cane. A totally developed and grown-up sugar cane is making use for the fabrication of jiggery products. 

 

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The area for installing automatic jaggery plants and the production of jaggery is rapidly developing and contributing to increased jaggery production. For a smooth and problem-free experience of jaggery production, about ten people are required for each automatic jaggery plant. Each plant requires a minimum of 300 square meters of land for the production of jaggery. However, the revenue of the jaggery industry is a profitable one. The production and sales of jaggery are not a continual one but a seasonal one, yet the jaggery industry has always maintained a good market and sales revenue.

 

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CONCLUSION

The project details on this product by Niir Project Consultancy Services has been designed with applicable information and particulars regarding the jiggery product industry. The project report on automatic jaggery plants includes the critical factors of market growth, market trends, pieces of machinery, raw materials, etc., that are needed for the production of jaggery. The project reports by NPCS are pre-attested and verified. 

 

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Ø  Introduction

·         Project Introduction

·         Project Objective and Strategy

·         Concise History of the Product

·         Properties

·         BIS (Bureau of Indian Standards) Provision & Specification

·         Uses & Applications

 

Ø  Market Study and Assessment

·         Current Indian Market Scenario

·         Present Market Demand and Supply

·         Estimated Future Market Demand and Forecast

·         Statistics of Import & Export

·         Names & Addresses of Existing Units (Present Players)

·         Market Opportunity

 

Ø  Raw Material

·         List of Raw Materials

·         Properties of Raw Materials

·         Prescribed Quality of Raw Materials

·         List of Suppliers and Manufacturers

 

Ø  Personnel (Manpower) Requirements

·         Requirement of Staff & Labor (Skilled and Unskilled) Managerial, Technical, Office Staff and Marketing Personnel

 

Ø  Plant and Machinery

·         List of Plant & Machinery

·         Miscellaneous Items

·         Appliances & Equipments

·         Laboratory Equipments & Accessories

·         Electrification

·         Electric Load & Water

·         Maintenance Cost

·         Sources of Plant & Machinery (Suppliers and Manufacturers)

 

Ø  Manufacturing Process and Formulations

·         Detailed Process of Manufacture with Formulation

·         Packaging Required

·         Process Flow Sheet Diagram

 

Ø  Infrastructure and Utilities

·         Project Location

·         Requirement of Land Area

·         Rates of the Land

·         Built Up Area

·         Construction Schedule

·         Plant Layout and Requirement of Utilities

 

Project at a Glance

Along with financial details as under:

 

  •     Assumptions for Profitability workings

  •    Plant Economics

  •    Production Schedule

  •    Land & Building

            Factory Land & Building

            Site Development Expenses

  •    Plant & Machinery

             Indigenous Machineries

            Other Machineries (Miscellaneous, Laboratory etc.)

  •    Other Fixed Assets

            Furniture & Fixtures

            Pre-operative and Preliminary Expenses

            Technical Knowhow

            Provision of Contingencies

  •   Working Capital Requirement Per Month

             Raw Material

            Packing Material

            Lab & ETP Chemical Cost

           Consumable Store

  •   Overheads Required Per Month And Per Annum

         Utilities & Overheads (Power, Water and Fuel Expenses etc.)

             Royalty and Other Charges

            Selling and Distribution Expenses

  •    Salary and Wages

  •    Turnover Per Annum

  •   Share Capital

            Equity Capital

            Preference Share Capital

 

  •    Annexure 1:: Cost of Project and Means of Finance

  •    Annexure 2::  Profitability and Net Cash Accruals

                Revenue/Income/Realisation

                Expenses/Cost of Products/Services/Items

                Gross Profit

                Financial Charges     

                Total Cost of Sales

                Net Profit After Taxes

                Net Cash Accruals

  •   Annexure 3 :: Assessment of Working Capital requirements

                Current Assets

                Gross Working. Capital

                Current Liabilities

                Net Working Capital

                Working Note for Calculation of Work-in-process

  •    Annexure 4 :: Sources and Disposition of Funds

  •    Annexure 5 :: Projected Balance Sheets

                ROI (Average of Fixed Assets)

                RONW (Average of Share Capital)

                ROI (Average of Total Assets)

  •    Annexure 6 :: Profitability ratios

                D.S.C.R

                Earnings Per Share (EPS)

               

             Debt Equity Ratio

        Annexure 7   :: Break-Even Analysis

                Variable Cost & Expenses

                Semi-Var./Semi-Fixed Exp.

                Profit Volume Ratio (PVR)

                Fixed Expenses / Cost 

                B.E.P

  •   Annexure 8 to 11:: Sensitivity Analysis-Price/Volume

            Resultant N.P.B.T

            Resultant D.S.C.R

   Resultant PV Ratio

   Resultant DER

  Resultant ROI

          Resultant BEP

  •    Annexure 12 :: Shareholding Pattern and Stake Status

        Equity Capital

        Preference Share Capital

  •   Annexure 13 :: Quantitative Details-Output/Sales/Stocks

        Determined Capacity P.A of Products/Services

        Achievable Efficiency/Yield % of Products/Services/Items 

        Net Usable Load/Capacity of Products/Services/Items   

       Expected Sales/ Revenue/ Income of Products/ Services/ Items   

  •    Annexure 14 :: Product wise domestic Sales Realisation

  •    Annexure 15 :: Total Raw Material Cost

  •    Annexure 16 :: Raw Material Cost per unit

  •    Annexure 17 :: Total Lab & ETP Chemical Cost

  •    Annexure 18  :: Consumables, Store etc.,

  •    Annexure 19  :: Packing Material Cost

  •    Annexure 20  :: Packing Material Cost Per Unit

  •    Annexure 21 :: Employees Expenses

  •    Annexure 22 :: Fuel Expenses

  •    Annexure 23 :: Power/Electricity Expenses

  •    Annexure 24 :: Royalty & Other Charges

  •    Annexure 25 :: Repairs & Maintenance Exp.

  •    Annexure 26 :: Other Mfg. Expenses

  •    Annexure 27 :: Administration Expenses

  •    Annexure 28 :: Selling Expenses

  •    Annexure 29 :: Depreciation Charges – as per Books (Total)

  •   Annexure 30   :: Depreciation Charges – as per Books (P & M)

  •   Annexure 31   :: Depreciation Charges - As per IT Act WDV (Total)

  •   Annexure 32   :: Depreciation Charges - As per IT Act WDV (P & M)

  •   Annexure 33   :: Interest and Repayment - Term Loans

  •   Annexure 34   :: Tax on Profits

  •   Annexure 35   ::Projected Pay-Back Period And IRR