We intend to start a Multi Facility Storage Centre at an agriculture business hub of Maharashtra (Vidarbha), namely Akola.
Akola is the largest manufacturer of pulses in Maharashtra and besides it is also a centrally located city in the middle of Lemon and Orange Cultivation Belts. This project attracts Government subsidy and enjoys concessional rates for resources and tax holiday.
Services - Multi Facility Storage
Target Market - Central / Western Vidarbha (Maharashtar)
Akola is one of the largest pulses producer in India. Besides this it also falls in the middle of Lemon and Oranges producing zones of India. So it needs a good storage facility, which is not enough right now. We would be providing different temperature zones to store the agricultural produce cultivated in and around the region.
The local farmers and traders would be storing their produce in our facility. They will be paying the rent to us for providing storage services. This will not only prevent the fruits and pulses from perishing but also help them fetch better value of their products.
Project Justification - It is highly attractive project. Since all resources are available at concessional rates and there is a subsidy of the Government on this project. This makes the project highly viable. Storing the agriculture product is the prime need of our times. So it would indeed have huge demand.
Progress on the Project - The project is under process. The moment it gets the approval from Industrial the work will start.
Timelines / Deadlines - We intend to start it in next 9-12 months.
Funding needs - We are investing $10000 and we need $20000 more. We wil take some part Bank Finance.
Offering to Investors - Payback period of 3 years
Profit Percentage - 34.5%
ROI - 34.6 %
Any interested investor can contact us on Merar for more information.