Selection Criteria and Significance, Location Analysis, Project Planning and Phasing of Development, Environmental Impact, Land Requirement and Costs
Importance and Essentials, Layout, Factors Influencing Layout
Machinery Requirements, Machinery Costs, Machinery Suppliers (Provided on Request)
Raw Material Requirements, Raw Material Details and Procurement, Raw Material Costs, Raw Material Suppliers (Provided on Request)
Packaging Requirements, Packaging Material Details and Procurement, Packaging Costs, Packaging Material Suppliers (Provided on Request)
Transportation Requirements and Costs, Utility Requirements and Costs, Energy Requirements and Costs, Water Requirements and Costs, Human Resource Requirements and Costs
Capital Costs, Techno-Economic Parameters, Income Projections, Expenditure Projections, Product Pricing and Margins, Taxation, Depreciation
Liquidity Analysis, Profitability Analysis, Payback Period, Net Present Value, Internal Rate of Return, Profit and Loss Account, Uncertainty Analysis, Sensitivity Analysis, Economic Analysis
Market Trends and Analysis, Market Segmentation, Market Breakup by Region, Price Trends, Competitive Landscape, Regulatory Landscape, Strategic Recommendations, Case Study of a Successful Venture
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IMARC Group's factory setup services streamline the entire establishment process, ensuring efficient planning, seamless execution, and optimal operational readiness for your manufacturing facility.
IMARC Group's site selection services optimize location choices for businesses, ensuring strategic, cost-effective, and efficient manufacturing operations.
IMARC Group's factory engineering and design services deliver efficient and customized solutions to enhance operational performance and optimize production processes.
IMARC Group's plant audit services offer comprehensive evaluations of your industrial facility's health, efficiency, and regulatory compliance.
IMARC Group's regulatory approval and licensing services ensure businesses meet all compliance requirements, facilitating smooth and timely market entry.
IMARC Group's partner identification services help businesses find the ideal distributor, machinery supplier, raw material provider, or contract manufacturer, enhancing operational efficiency and growth.
1. How can IMARC Group’s feasibility studies help in assessing the viability of my project?
Our feasibility studies assess several key factors to provide a detailed evaluation of your project's potential. The study includes a pricing analysis of feedstocks, helping to understand industry profit margins and cost variations. Detailed insights into mass balance, unit operations, raw material requirements, and the manufacturing process flow are also provided to ensure a clear understanding of the production setup.
The study also covers critical elements such as location analysis, environmental impact, plant layout, and costs associated with land, machinery, raw materials, packaging, transportation, utilities, and human resources. The project economics section provides an in-depth analysis of capital expenditure (CapEx), operating expenditure (OpEx), income projections, taxation, depreciation, liquidity, profitability, payback period, net present value (NPV), uncertainty, and sensitivity analysis.
Additionally, IMARC Group's feasibility studies address regulatory procedures, financial assistance, and necessary certifications, ensuring all legal and compliance requirements are met. By covering these aspects, IMARC Group's feasibility studies support informed decision-making, risk reduction, and the overall viability of your business.
2. Can IMARC Group help identify the best location for my new plant based on strategic analysis?
Yes, our site identification services include a thorough assessment of potential sites based on proximity to raw materials, ensuring cost-effective and timely supply chain operations. We also consider access to infrastructure, such as transportation networks, utilities, and technology, which are essential for smooth plant operations. Labor availability is another key factor we analyze to ensure that the site has access to a skilled workforce. Additionally, we evaluate the environmental impact to ensure compliance with regulations and sustainable practices. By integrating these factors, we provide a comprehensive site evaluation to identify the optimal location for your new plant, supporting your strategic goals and operational efficiency.
3. Can IMARC Group assist in obtaining the necessary licenses and permits for my business?
Yes, our regulatory approvals and licensing services are made specifically to support companies in effectively and efficiently navigating the ever-changing regulatory environment. We start by carefully evaluating your company's requirements as well as the unique regulatory framework that applies to your sector. After that, you are assisted by our team of professionals throughout the whole process of securing the necessary industrial permits, business licenses, and environmental clearances.
Additionally, we help with industry-specific regulatory licensing so that your company complies with all sector-specific regulations. To further safeguard your brand and innovations from the outset, we also offer support for intellectual property rights (IPR) registrations and licensing. We manage the required documentation and communicate with pertinent authorities on your behalf by utilizing our deep industry experience and painstaking attention to detail. This allows you to focus on building and growing your business while we take care of the regulatory complexities. Partnering with us ensures that your business is fully compliant and ready to thrive from the start.
4. How can IMARC Group help in designing the layout of my new plant?
Our skilled engineering staff specializes in designing efficient and effective plant layouts that meet your unique needs. We begin with a comprehensive process design to ensure the best possible workflow and use of resources.
Our services include careful equipment selection, ensuring that your plant design incorporates the most suitable and advanced machinery. We also focus on meticulous layout planning, strategically arranging workstations and equipment to optimize output and reduce operational bottlenecks. Furthermore, our facility design takes into account every important factor, such as regulatory compliance, scalability, and safety.
By leveraging our expertise, we ensure that your plant layout not only meets your current operational needs but is also adaptable to future growth and technological advancements. Our goal is to create a well-organized, efficient, and compliant facility that enhances your overall operational efficiency and supports your business objectives.
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Yes, our raw material and machinery sourcing services are designed to identify and connect you with reliable and affordable providers. We leverage our extensive network and industry expertise to source high-quality raw materials and advanced machinery that meet your specific requirements.
We also conduct supplier audits and evaluations so that you get the best value for your investment. We evaluate potential suppliers on the basis of cost, quality, reliability, and delivery timelines. We also make sure that all the legal requirements are met, including customs, tax regulations, labor laws, and import/export laws, to ensure you are fully compliant.
When you choose to work with us, you gain access to a list of suppliers pre-screened for affordability and reliability, helping you optimize your procurement process and reduce overall operational costs. It is our goal to assist you in establishing a new plant effectively and economically, ensuring long-term success and sustainability.
6. How can IMARC Group help manage the construction of my new facility?
IMARC Group can effectively manage the construction of your new facility through our comprehensive construction management services. Our dedicated construction management team oversees the entire construction phase, ensuring that all activities are executed according to plan and within the specified timeline. We manage contractors, coordinating their efforts to ensure smooth and efficient workflow on-site.
Furthermore, our team pays great attention to the progress of the construction work, and we conduct site reviews and quality control to ensure that the construction work is done to the highest standards. We resolve any problems as they arise, thus avoiding any form of delay and keeping the project on schedule. When you work with us, you can be assured that your new facility will be constructed to the highest standards that will enable you to concentrate on your core business activities.
7. Can IMARC Group help identify potential distributors for my products?
Yes, our distributor identification services are designed to connect companies with trusted distributors who meet high standards of reliability, performance, and ethical practices. We leverage our vast network of vetted distributors across various industries and regions to find the best match for your business needs.
Our process begins with a careful analysis of your particular needs and business goals. We then carry out rigorous research and due diligence to identify the distributors that have market reach and the capability to manage your product lines effectively. Our thorough vetting process involves the distributors' background checks and performance history reviews to ensure that they meet industry standards and have a proven track record.
Also, we ensure compliance with the relevant legislation and regulations to avoid legal issues that may affect the functioning of the company. Once potential distributors are identified, we organize business meetings, as well as handle all logistics to facilitate productive discussions. We provide continuous support throughout the partnership, including performance monitoring and logistics coordination, to ensure the success and optimization of your distribution networks in the long run.
8. Can IMARC Group perform a comprehensive audit of my factory?
Yes, our factory audit services provide a systematic and thorough evaluation of your plant's performance across various critical parameters. Our experienced auditors utilize industry best practices to conduct detailed inspections, focusing on safety, quality, efficiency, compliance, and sustainability.
Our audits assess safety protocols to ensure a secure working environment, evaluate quality standards to enhance product satisfaction and optimize processes to increase productivity and reduce costs. Compliance checks ensure adherence to relevant regulations, mitigating legal risks, and our sustainability assessments recommend eco-friendly practices to minimize environmental impact.
Our holistic approach delivers actionable insights through detailed audit reports, offering clear recommendations for continuous improvement. By partnering with us, you gain valuable insights into your plant's operations, enabling you to drive enhancements, achieve operational excellence, and maintain a competitive edge.
9. Can IMARC Group help negotiate terms with potential contract manufacturers?
Yes, our contract manufacturer identification services are designed to assist businesses in navigating the complex landscape of contract manufacturing. We start by defining the ideal contract manufacturer through in-depth discussions with our clients, followed by extensive research to identify potential candidates.
Once potential manufacturers are identified, we conduct a rigorous evaluation and vetting process to ensure they meet high standards of quality, reliability, and compliance with relevant regulations. Our team handles the pre-screening process, arranging meetings between our clients and interested candidates, and managing all logistics to facilitate productive discussions.
We have strict performance monitoring and quality control checks to ensure the manufacturers remain at par with your expectations and contribute positively to your business throughout the partnership lifecycle. Through our expertise and extensive network, we ensure that you partner with capable and credible contract manufacturers, who help you drive efficiency, quality, and growth in your production processes.
10. What sales and marketing services does IMARC Group offer?
IMARC Group offers a comprehensive suite of marketing and sales services dedicated to helping businesses increase revenues and effectively sell products. Our performance marketing services focus on data-driven campaigns that maximize return on investment, utilizing programmatic advertising and retargeting techniques to reach the right audience at the right time. We enhance your online presence through SEO and SMO, driving organic traffic and improving your digital footprint.
The lead generation strategies we use target high-quality quality leads that convert into loyal clients, while our brand promotion strategies including influencer marketing and creative designing enhance the visibility and credibility of your brand. Our social media management services assist you in engaging with your audience, establishing relationships with them, and driving conversions through targeted campaigns.
By partnering with IMARC Group, you benefit from our approach that is tailored to your business needs and unique objectives. Our strategies cover all aspects of digital marketing so that you can reach your target audience consistently, along with our ongoing support and optimization to keep your campaigns effective and relevant. Our cutting edge and performance driven marketing services help you gain the competitive advantage and ensure long-term success.
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Description: to know more you can visit here: https://bit.ly/juteprojectoil'> do you want to set up a jute shopping bag business of your own if yes, then i am sharing some important facts that you need to know while starting a jute bag production industry or jute bag manufacturing business. to know more you can visit here: https://bit.ly/juteprojectoil, keywords: jute-manufacturing-business,jute-industry,jute-bag-production, read the text version.
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[NPCS/2684/23371] www.entrepreneurindia.co Introduction As the name itself implies the jute bags are used for shopping purpose. Now a day the printed jute bags are used for travel purposes too. Jute bags are the most common and usable products that are manufactured and sold in the market. The demand for jute bags has excessively increased over the last year. People now days carry these bags as stylish hand bags. www.entrepreneurindia.co A recent study has shown that the general public has become very bored of carrying bags made of leather bags or even plastic bags. Amid increasing awareness against the use of plastic bags, especially in the European Union, Indian jute carry and shopping bags exporters are shipping over millions of bags every year & trends show that the numbers are likely to keep rising rapidly. Jute bags are used as packaging material for bulk goods as well as shopping and gift bags. Jute, also known as golden fibre, refers to a natural fibre which is derived from jute plant. After cotton, jute is regarded as the second- most important vegetable fiber. On account of its recyclable, re-usable, non-toxic and biodegradable nature, jute bags are gradually gaining popularity across the globe. If left unused, jute bags get destroyed on their own without leaving behind any remnants or polluting the environment. www.entrepreneurindia.co Now days, you can use jute bags in multiple purposes such as:- Women using jute bags as stylish handbags now days Students use jute bags to carry books to school or College These are used as shopping bags all over the world These are used to carry lunch to work. It can be used school bags. It can be used for transferring product from one place to another. These bags can be used for promotional purposes as well. Jute bags can be used for travel and transport purposes. Jute bags are versatile and can be used as a gift bags. www.entrepreneurindia.co The best thing about jute bags is that they are not expensive as compare to other material bags; also these bags are eco-friendly and reusable. As per industry estimates, India had exported millions of jute bags mainly to Europe. With the big jute mills already in the manufacturing of the bags. The production of this item, which is mainly in the micro and small enterprises, has picked up substantially in the last few years. www.entrepreneurindia.co Market Outlook Indian jute carry and shopping bags exporters are shipping over millions of bags every year & trends show that the numbers are likely to keep rising rapidly. There is a big scope globally for Indian jute shopping bags as an alternative to plastic bags. India’s export of jute bags have risen quite rapidly. As per industry estimates, India had exported millions of jute bags mainly to Europe. With the big jute mills already in the manufacturing of the bags. The production of this item, which is mainly in the micro and small enterprises, has picked up substantially in the last few years. India holds the majority of the shares, representing the leading producer of jute bags. The report has also assessed the competitive landscape of the market and finds that it is fragmented in nature. www.entrepreneurindia.co Year Jute Goods 1990-91 Demand: Past and Future 2000-01 (In '000 Metric Tonne) 2001-02 2002-03 1400 2003-04 1625 2004-05 1601 2005-06 1622 2006-07 1571 2007-08 1613 2008-09 1480 2009-10 1250 2010-11 1280 2011-12 1250 2012-13 1300 2013-14 1353 2014-15 1550 2015-16 1610 2016-17 1575 2017-18 1625 2018-19 1645 2019-20 1675 2024-25 1710 1790 www.entrepreneurindia.co 1850 2010 The global jute bag industry is currently at a nascent stage with encouraging growth aspects. The demand for jute bags has witnessed a surge over the past few years, particularly in the European Union. This can be attributed to the growing environment consciousness in the region. The imports of jute bags in non-producing countries have also been facilitated by the ban on plastic packaging materials and bags. Additionally, the benefits offered by jute bags such as their biodegradability, durability, low cost, high strength, etc. have further supported the market growth. The global jute bag market reached a value of US$ 1.4 Billion in 2016, exhibiting a CAGR of around 11% during 2009-2016. www.entrepreneurindia.co The global jute market on the basis of type, covering jute sack bags and jute shopping bags. Currently, jute sack bags dominate the market, accounting for the majority of the sales volume. The market has further been segmented on a regional basis and includes India, Bangladesh, China and Others. Amongst these, India holds the majority of the shares, representing the leading producer of jute bags. On account of growing awareness amongst consumers, particularly due to the environmental factors like surging pollution levels and depletion of the ozone layer, the demand for jute bag is witnessing a strong growth. In addition to this, government of several emerging nations have been undertaking initiatives in order to ban the use of plastic bags. www.entrepreneurindia.co Moreover, they are levying penalties on shops which are selling and continuing to provide goods in plastic bags. As demand for plastic bag is inversely proportional to the demand for jute bag, these initiatives have led to a surge in the demand for jute bags. Further, the popularity of jute bag particularly in the Asia Pacific region is positively influencing its demand in the western countries. Apart from this, manufacturers are constantly coming up with customized bag options, experimenting in terms of style, design, shape and size, so as to widen their consumer-base. There is tremendous demand of jute shopping bag. Proportionately supply of jute shopping bag is from the tiny and small scale sector. There is no scale large industry engaged only in the production of jute shopping bags. www.entrepreneurindia.co Supply of jute shopping bag is mainly from the village co-operative tiny sector. In future there is much more scope of jute shopping bags due to replacement of plastic bag. Jute Bags is a Good product to Export. People often find some Different product to export. This can be a good option for exporters. As right now there is less competition in this product. You can easily gain competitive advantage over this. Jute bags are a wonderful alternative to plastic. It is very much in vogue nowadays which is why it is a great business venture to start with and also have a wide market. www.entrepreneurindia.co Few Indian major players are as under: Agarpara Jute Mills Ltd. Ambica Jute Mills Ltd. Bally Jute Co. Ltd. Calcutta Jute Mfg. Co. Ltd. Caledonian Jute & Inds. Ltd. Empire Jute Co. Ltd. www.entrepreneurindia.co Project at a Glance PROJECT AT A GLANCE (` in lacs) COST OF PROJECT MEANS OF FINANCE Propose Particulars Existing Proposed Total Particulars Existing d Total Land & Site Development 5.54 Exp. 0.00 0.00 0.00 Capital 0.00 5.54 0.00 Buildings 0.00 0.00 0.00 Share Premium 0.00 0.00 0.00 0.00 Plant & Machineries 0.00 4.13 Other Type Share 0.00 0.00 0.00 Motor Vehicles 0.00 2.50 4.13 Capital 0.00 0.00 0.00 Office Automation 2.50 Reserves & Surplus Equipments 0.00 5.25 16.63 Technical Knowhow Fees 5.25 Cash Subsidy 0.00 0.00 0.00 & Exp. 0.00 2.50 0.00 Franchise & Other 2.50 Internal Cash Accruals 0.00 0.00 Deposits 0.00 0.00 Long/Medium Term 0.00 16.63 22.17 Preliminary& Pre-operative Exp 0.00 1.00 0.00 Borrowings Provision for Contingencies 0.00 0.40 1.00 Debentures / Bonds 0.00 0.00 Margin Money - Working Unsecured 0.00 0.00 Capital 0.00 6.39 TOTAL 0.00 22.17 0.40 Loans/Deposits 6.39 0.00 22.17 22.17 TOTAL www.entrepreneurindia.co Project at a Glance Yea Annualised Boo Debt Divid Retained Payo Proba P/E Yield Price/ r k end Earnings ut ble Ratio Book Value Valu Marke % e t Price 0.00 Per No.of 0.00 EPS CEPS Per Share Share Per Share Time 0.00 ` ` ` ` ` %` % ` s 0.00 1- 12.3 100. 0.00 2 2.33 5.94 3 24.00 0.00 00 2.33 0.00 2.33 1.00 2- 20.6 100. 3 8.29 11.47 2 18.00 0.00 00 8.29 0.00 8.29 1.00 3- 34.3 100. 4 13.77 16.57 9 12.00 0.00 00 13.77 0.00 13.77 1.00 52.9 100. 4-5 18.58 21.06 7 6.00 0.00 00 18.58 0.00 18.58 1.00 75.6 100. 5-6 22.65 24.86 2 0.00 0.00 00 22.65 0.00 22.65 1.00 www.entrepreneurindia.co Project at a Glance Yea D. S. C. R. Debt / Equity Total Retur Profitability Ratio Asset Curre r - as- Net n on s nt Depo Equity Wort Net Turno Ratio sits h Wort ver Debt h Ratio Individ Cumula Over GPM PBT PAT Net P/V ual tive all Contri Ratio bution (Number of (Number of times) times) %% % % % % Initi al 3.00 3.00 1- 10.64 38.89 2 0.99 0.99 1.95 1.95 5.38 % 0.88% 0.72% 69.72 % 4.33 1.11 12.34 37.78 2-3 1.63 1.30 0.87 0.87 3.24 % 3.34% 2.20% 79.03 % 4.50 1.20 13.44 37.76 3-4 2.34 1.62 2.26 0.35 0.35 1.96 % 4.98% 3.19% 90.27 % 4.37 1.35 14.12 101.5 37.74 4-5 3.10 1.94 0.11 0.11 1.28 % 6.03% 3.83% 0 % 4.10 1.54 14.49 112.7 37.73 5-6 3.92 2.26 0.00 0.00 0.91 % 6.64% 4.20% 4 % 3.79 1.89 www.entrepreneurindia.co Project at a Glance 5 80.97% BEP 82.06% BEP - Maximum Utilisation Year Cash BEP (% of Installed Capacity) 31.61% Total BEP (% of Installed Capacity) 2 Years 4 IRR, PAYBACK and FACR Months Internal Rate of Return .. ( In %age ) 42.036 Payback Period of the Project is ( In Years ) Fixed Assets Coverage Ratio ( No. of times ) www.entrepreneurindia.co Major Queries/Questions Answered in the Report? 1. What is Jute Shopping Bags Manufacturing industry ? 2. How has the Jute Shopping Bags Manufacturing industry performed so far and how will it perform in the coming years ? 3. What is the Project Feasibility of Jute Shopping Bags Manufacturing Plant ? 4. What are the requirements of Working Capital for setting up Jute Shopping Bags Manufacturing plant ? www.entrepreneurindia.co 5. What is the structure of the Jute Shopping Bags Manufacturing Business and who are the key/major players ? 6. What is the total project cost for setting up Jute Shopping Bags Manufacturing Business? 7. What are the operating costs for setting up Jute Shopping Bags Manufacturing plant ? 8. What are the machinery and equipment requirements for setting up Jute Shopping Bags Manufacturing plant ? www.entrepreneurindia.co 9. Who are the Suppliers and Manufacturers of Plant & Machinery for setting up Jute Shopping Bags Manufacturing plant ? 10. What are the requirements of raw material for setting up Jute Shopping Bags Manufacturing plant ? 11. Who are the Suppliers and Manufacturers of Raw materials for setting up Jute Shopping Bags Manufacturing Business? 12. What is the Manufacturing Process of Jute Shopping Bags? www.entrepreneurindia.co 13. What is the total size of land required for setting up Jute Shopping Bags Manufacturing plant ? 14. What will be the income and expenditures for Jute Shopping Bags Manufacturing Business? 15. What are the Projected Balance Sheets of Jute Shopping Bags Manufacturing plant ? 16. What are the requirement of utilities and overheads for setting up Jute Shopping Bags Manufacturing plant? 17. What is the Built up Area Requirement and cost for setting up Jute Shopping Bags Manufacturing Business? www.entepreneurindia.co 18. What are the Personnel (Manpower) Requirements for setting up Jute Shopping Bags Manufacturing Business? 19. What are Statistics of Import & Export for Jute Shopping Bags? 20. What is the time required to break-even of Jute Shopping Bags Manufacturing Business? 21.What is the Break-Even Analysis of Jute Shopping Bags Manufacturing plant? 22.What are the Project financials of Jute Shopping Bags Manufacturing Business? www.entepreneurindia.co 23. What are the Profitability Ratios of Jute Shopping Bags Manufacturing Project? 24. What is the Sensitivity Analysis-Price/Volume of Jute Shopping Bags Manufacturing plant? 25. What are the Projected Pay-Back Period and IRR of Jute Shopping Bags Manufacturing plant? 26. What is the Process Flow Sheet Diagram of Jute Shopping Bags Manufacturing project? www.entrepreneurindia.co 27. What are the Market Opportunities for setting up Jute Shopping Bags Manufacturing plant? 28. What is the Market Study and Assessment for setting up Jute Shopping Bags Manufacturing Business? 29. What is the Plant Layout for setting up Jute Shopping Bags Manufacturing Business? www.entrepreneurindia.co Table of Contents of the Project Report www.entrepreneurindia.co 1. PROJECT LOCATION 1.1. DISTRICT PROFILE & GEOTECHNICAL SITE CHARACTERIZATION 1.1.1. General 1.1.2. Topography 1.1.3. Demographics 1.1.4. Map 1.1.5. Geography 1.1.6. Administrative Set up 1.1.7. Climate 1.1.8. Economy 1.1.9. Industry at a Glace 1.1.10. Transport 2. INTRODUCTION 3. LIFE CYCLE OF JUTE SHOPPING BAGS 4. PROPERTIES OF JUTE 5. PROPERTIES OF JUTE SHOPPING BAGS 6. TYPES OF JUTE 6.1. TOSSA RAW JUTE 6.2. MESTA RAW JUTE 6.3. WHITE RAW JUTE 6.4. JUTE CUTTINGS 7. USES & APPLICATION www.entrepreneurindia.co 8. SOCIAL & ENVIRONMENTAL COMPLIANCES 9. B. I. S. SPECIFICATION 9.1. IS 13035 (1991): TEXTILES - JUTE AND JUTE BASED BAGS - METHOD FOR DROP TEST 9.2. IS 3790 (1991): TEXTILES - HESSIAN BAGS [TXD 3: JUTE AND JUTE PRODUCTS] 9.3. IS 2874 (1993): TEXTILES - HEAVY CEE JUTE BAGS [TXD 3: JUTE AND JUTE PRODUCTS] 10. MARKET SURVEY 10.1. NEWLY EMERGING INDICATORS 10.2. JUTE GOODS 10.3. MARKET STRUCTURE 11. EXPORT & IMPORT: ALL COUNTRIES 11.1. EXPORT: ALL COUNTRIES 11.2. IMPORT: ALL COUNTRIES 12. FINANCIALS & COMPARISON OF MAJOR INDIAN PLAYERS/COMPANIES 12.1. ABOUT FINANCIAL STATEMENTS OF CMIE DATABASE 12.2. PROFITS & APPROPRIATIONS 12.3. TOTAL LIABILITIES 12.4. TOTAL ASSETS 12.5. NET CASH FLOW FROM OPERATING ACTIVITIES 12.6. SECTION – I 12.6.1. Name of Company with Contact Details 12.6.2. Name of Director(S) 12.6.3. Credit Ratings www.entrepreneurindia.co 12.6.4. Plant Capacity 12.6.5. Location of Plant 12.6.6. Name of Raw Material(S) Consumed With Quantity & Cost 12.7. SECTION – II 12.7.1. Assets 12.7.2. Cash Flow 12.7.3. Cost as % Ge of Sales 12.7.4. Forex Transaction 12.7.5. Growth in Assets & Liabilities 12.7.6. Growth in Income & Expenditure 12.7.7. Incorporation Year, industry Group, Industry Type and Main Product 12.7.8. Income & Expenditure 12.7.9. Liabilities 12.7.10. Liquidity Ratios 12.7.11. Profitability Ratio 12.7.12. Profits 12.7.13. Return Ratios 12.7.14. Structure of Assets & Liabilities (%) 12.7.15. Working Capital & Turnover Ratios 13. COMPANY PROFILE OF MAJOR PLAYERS 14. EXPORT STATISTICS DATA OF INDIA 14.1. EXPORT STATISTICS DATA FOR JUTE SHOPPING BAG 15. PRESENT MANUFACTURERS www.entrepreneurindia.co 16. MANUFACTURING PROCESS 16.1. RAW MATERIAL REQUIRED 16.2. PLANT AND MACHINERY REQUIRED 16.3. PROCESS 17. PROCESS FLOW DIAGRAM 18. SUPPLIERS OF RAW MATERIAL 19. SUPPLIERS OF PLANT & MACHINERY 20. PHOTOGRAPHS/IMAGES AS REFERENCES 20.1. MACHINERY PHOTOGRAPHS 20.2. RAW MATERIAL PHOTOGRAPHS 20.3. PRODUCT PHOTOGRAPHS 21. Plant Layout www.entrepreneurindia.co Project Financials • Project at a Glance Annexure • Assumptions for Profitability workings ………………………..1 • Plant Economics…………………………………………………..2 • Production Schedule………………………………………………3 • Land & Building……………………………………………….……4 Factory Land & Building Site Development Expenses www.entrepreneurindia.co • Plant & Machinery……………………………………………..……..5 Indigenous Machineries Other Machineries (Miscellaneous, Laboratory etc.) • Other Fixed Assets………………………………………..........….......6 Furniture & Fixtures Pre-operative and Preliminary Expenses Technical Knowhow Provision of Contingencies • Working Capital Requirement Per Month……………………….…7 Raw Material Packing Material Lab & ETP Chemical Cost Consumable Store www.entrepreneurindia.co • Overheads Required Per Month and Per Annum………….…….…8 Utilities & Overheads (Power, Water and Fuel Expenses etc.) Royalty and Other Charges Selling and Distribution Expenses • Salary and Wages …………………………………………....……..9 • Turnover Per Annum ……………………………………….....…10 • Share Capital…………………………………………………….....11 Equity Capital Preference Share Capital www.entrepreneurindia.co • 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 www.entrepreneurindia.co • 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 www.entrepreneurindia.co • 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 www.entrepreneurindia.co • Annexure 7 :: Break-Even Analysis Variable Cost & Expenses Semi-Variable/Semi-Fixed Expenses Profit Volume Ratio (PVR) Fixed Expenses / Cost B.E.P www.entrepreneurindia.co • 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 www.entrepreneurindia.co • 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 www.entrepreneurindia.co • 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 www.entrepreneurindia.co • Annexure 21 :: Employees Expenses • Annexure 22 :: Fuel Expenses • Annexure 23 :: Power/Electricity Expenses • Annexure 24 :: Royalty & Other Charges • Annexure 25 :: Repairs & Maintenance Expenses • Annexure 26 :: Other Manufacturing Expenses • Annexure 27 :: Administration Expenses • Annexure 28 :: Selling Expenses www.entrepreneurindia.co • 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 www.entrepreneurindia.co Reasons for Buying our Report: • This report helps you to identify a profitable project for investing or diversifying into by throwing light to crucial areas like industry size, market potential of the product and reasons for investing in the product • This report provides vital information on the product like it’s characteristics and segmentation • This report helps you market and place the product correctly by identifying the target customer group of the product www.entrepreneurindia.co • This report helps you understand the viability of the project by disclosing details like machinery required, project costs and snapshot of other project financials • The report provides a glimpse of government regulations applicable on the industry • The report provides forecasts of key parameters which helps to anticipate the industry performance and make sound business decisions www.entrepreneurindia.co Our Approach: • Our research reports broadly cover Indian markets, present analysis, outlook and forecast for a period of five years. • The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players • We use reliable sources of information and databases. And information from such sources is processed by us and included in the report www.entrepreneurindia.co Scope of the Report The report titled “Market Survey cum Detailed Techno Economic Feasibility Report on Jute Shopping Bags.” provides an insight into Jute Shopping Bags market in India with focus on uses and applications, Manufacturing Process, Process Flow Sheets, Plant Layout and Project Financials of Jute Shopping Bags project. The report assesses the market sizing and growth of the Indian Jute Shopping Bags Industry. While expanding a current business or while venturing into new business, entrepreneurs are often faced with the dilemma of zeroing in on a suitable product/line. And before diversifying/venturing into any product, they wish to study the following aspects of the identified product: www.entrepreneurindia.co • Good Present/Future Demand • Export-Import Market Potential • Raw Material & Manpower Availability • Project Costs and Payback Period We at NPCS, through our reliable expertise in the project consultancy and market research field, have demystified the situation by putting forward the emerging business opportunity in the Jute Shopping Bags sector in India along with its business prospects. Through this report we have identified Jute Shopping Bags project as a lucrative investment avenue. www.entrepreneurindia.co Tags Jute Bag Manufacturing Business Plan Pdf, Jute Bag Manufacturing Project Report, How to Set Up a Jute Bag Manufacturing Unit, Jute Bags Making Business Plan, Jute Bags Manufacture, Jute Bags Manufacturing Business, Jute Bags, Jute Shopping Bag, Jute Bag Manufacturing Business Plan Pdf, How to Set Up a Jute Bag Manufacturing Unit, Jute Industry, Jute Industry in India, How to Start Jute Bag Making Business, Jute Bag Industry, Jute Bags Manufacturing Process, Jute Shopping Bags, Jute Shopping Bags Manufacturing, Jute Fashion Bags, Manufacturing of Jute Shopping Bag, Printed Jute Bags, Shopping Bags, Jute Bag Making Business, Reusable Shopping Bags, Jute Carry Bags, Manufacture of Jute Shopping Bags, Manufacturing of Jute Products, Jute Bag Manufacture In India, Business Plan for Jute Bag Production, Jute Bag Making Unit, Jute Bag Making Process, Jute Bag Making Business Opportunity in India, Jute Bags, Jute Bag Making, Jute Bag Manufacturing Plant, Jute Bags (Shoppers Bags), Project Report on Manufacturing of Jute Bags, Ecofriendly Jute Bags, Best Eco Friendly Business Ideas, Project Report on Jute Bag Manufacturing Industry, Detailed Project Report on Jute Bag Manufacturing, Project Report on Jute Shopping Bags Manufacturing, Pre-Investment Feasibility Study on Jute Bag Manufacturing, Techno-Economic feasibility study on Jute Bag Manufacturing, Feasibility report on Jute Bag Manufacturing, Free Project Profile on Jute Shopping Bags Manufacturing, Project profile on Jute Bag Manufacturing, Download free project profile on Jute Bag Manufacturing www.entrepreneurindia.co Niir Project Consultancy Services (NPCS) can provide Detailed Project Report on Jute Shopping Bags Manufacturing Business. Project Opportunities in Production of Eco-Friendly Jute Bags See more https://goo.gl/R48sBc https://goo.gl/vDA9js https://goo.gl/S6qZbs www.entrepreneurindia.co Visit us at www.entrepreneurindia.co www.entrepreneurindia.co Take a look at Niir Project Consultancy Services on #Street View https://goo.gl/VstWkd Locate us on Google Maps https://goo.gl/maps/BKkUtq9gevT2 www.entrepreneurindia.co OUR CLIENTS Our inexhaustible Client list includes public-sector companies, Corporate Houses, Government undertaking, individual entrepreneurs, NRI, Foreign investors, non-profit organizations and educational institutions from all parts of the World. The list is just a glimpse of our esteemed & satisfied Clients. Click here to take a look https://goo.gl/G3ICjV www.entrepreneurindia.co
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Jute bags are used for shopping purposes. Our environment today is polluted to an extreme level. Nowadays, printed jute bags are used for shopping purposes too. Jute is a long, soft, shiny vegetable fibre. It is also popularly known as Golden fibre . Currently, it is one of the strongest all-natural fibres available throughout the globe. Jute fibre is reusable and biodegradable. Starting a jute bag-making business is a great decision to start. It is also a profitable business because the usage of jute bags has excessively increased over the last year. People nowadays carry these bags as a style trend.
There are several different types of bags that are very popular in the market. A recent study has shown that the general public has become very bored with carrying leather bags. The jute bag-making process is simple. Any individual can start this business even from home. Furthermore, this is a great opportunity for women, housewives, and mothers too. In this article, we will discuss how to start a jute bag-making business.
Know the Different Types of Jute Bags Identify the Demand of Jute Bags Jute Bags Business Planning Choosing Location of Your Business Register Your Jute Bag Making Business Steps Involved in Jute Bags Making Raw Materials Used in Jute Bag Making Types of Machinery for Jute Bag Making Business Marketing Strategies of Jute Bag Business
Before starting and making a jute bag business plan, you should know the different types of Jute bags you can manufacture . There are numerous types of jute bags you can find in the market. According to lamination or lining, there are three different types of bags.
A jute bag comes in several different handle options. These are as follows:
Various Usage of jute bags:
Jute has properties like low thermal conductivity, remarkable insulation, and moderate moisture retention. So Jute bags are strong enough to pack bulk goods. The growing environmental concerns have also increased the customer's inclination toward natural and biodegradable products like jute bags.
As per industry estimates, India has exported millions of jute bags mainly to Europe. The production of this item which is mainly in the micro and small enterprises has picked up substantially in the last few years. There is a big scope globally for Indian jute shopping bags as an alternative to plastic bags. India holds the majority of shares representing the leading producer of jute bags. Additionally, the benefits offered by jute bags such as their biodegradability, durability, low cost, high strength, etc. have supported the market growth.
According to a survey, the jute bag market value had touched $ 1.9 Billion in the year 2020. Jute bags recorded an 11.5% CAGR from 2011 to 2018. The global jute bag market size reached $ 2.3 Billion in 2021. The market is expected to reach $ 3.3 Billion by 2026, exhibiting a CAGR of 9.4 % from 2022 to 2027.
When you start any business there are various things you need to consider. Whether you are in the beginning stages of starting your own business or planning on taking it to the next level, you will need a clear and informative business plan . You need to ask yourself, Where do I want it to go? What will my business look like? A business plan will provide readers with all types of information they need to understand your business’s purpose and capabilities. You have to be willing to add, edit, or even remove certain portions of your business plan when new information becomes available.
Choosing a business location is all about setting your business for success. You need to put careful thought into where you want to establish your Jute bag business.
Some tips for choosing a good location:
For a very small startup, you can look for a proprietorship company. However, you may also go with the partnership, LLC, or INC companies according to your business size and investment model. Generally, this type of business plan doesn’t demand any specific licenses from the Government authorities. In India, National Centre for Jute Diversification (NCJD) and Jute Manufacturers Development Council (JMDC) offer training on jute bag making.
The process of manufacturing jute bags is very simple and does not require the use of heavy machines. Below are the steps involved in jute bag making:
India and Bangladesh are the top producers of jute fibre. In India, West Bengal accounts for 50% of the country’s total jute produce. So, source your raw materials from reasonable and genuine jute mills.
The raw materials used in jute bag making are:
Jute bag manufacturing does not require high-end technology machinery. It all depends on the scale and type of bags. To make a printed jute bag, the following machinery is required.
Marketing strategies are the processes by which companies create customer interest in goods or services. Marketing draws out the hidden wants of customers and creates new demand. It enlarges the market and enables the producers to increase production and earn more profits. Because of marketing so many other activities such as banking, transport, insurance warehousing, etc. get a boost as they are needed more help in the marketing process.
Some techniques of marketing Jute Bag Business:
Starting any kind of business needs patience and hard work. Getting into the business of making jute boxes is not something different. With people being conscious about the environment, and inclining toward jute bags, the market has experienced definite growth. So, it is clear that the market for jute bags will keep rising in the future as well.
The raw materials needed for making jute bags are:
India is the top exporter country of jute bags.
The major manufactured products from jute fibre are:
India and Bangladesh are the top Jute producing countries in the world.
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Welcome to our comprehensive guide on how to open a jute bag manufacturing business in 9 easy steps. As environmentally conscious consumers continue to prioritize sustainable and reusable products, the demand for jute bags is on the rise in the US market.
According to recent statistics, the jute bag market is expected to grow at a CAGR of 6.1% from 2021 to 2026, driven by increasing awareness of environmental issues and the shift towards eco-friendly alternatives. In this blog post, we will provide you with a step-by-step checklist to help you successfully launch your own jute bag manufacturing business and capitalize on this growing trend.
From conducting thorough market research and developing a solid business plan to securing funding, sourcing suppliers, and implementing effective branding and marketing strategies, this guide covers all the essential steps you need to take to set up and scale your jute bag business in the competitive market.
Before launching a jute bag manufacturing business, there are several key steps that need to be taken to ensure a successful start. These steps include conducting market research, developing a business plan, securing funding, sourcing suppliers, obtaining permits and licenses, establishing e-commerce and retail partnerships, setting up production facilities, creating a branding and marketing strategy, and planning for continuous improvement and scaling.
Step | Description | Average Time | Cost (USD) |
---|---|---|---|
1 | Market Research | 2-3 months | $1,000 |
2 | Business Plan Development | 1-2 months | $500 |
3 | Funding Acquisition | 3-6 months | Varies |
4 | Supplier Sourcing | 1-2 months | $1,500 |
5 | Permit and License Procurement | 1-2 months | $2,000 |
6 | E-commerce and Retail Partnerships | 1-2 months | $1,000 |
7 | Production Setup | 3-6 months | $10,000 |
8 | Branding and Marketing Strategy | 2-3 months | $2,500 |
9 | Continuous Improvement and Scaling | Ongoing | Varies |
Before diving into the world of Jute Bag Manufacturing, it is essential to conduct thorough market research to lay a solid foundation for your business. Market research will help you understand the demand for jute bags, identify target demographics, and analyze your competitors. This research will be the key to informing your product design, pricing strategy, and marketing efforts.
When conducting market research for your Jute Bag Manufacturing business, consider the following steps:
| Jute Bag Manufacturing Business Plan Get Template |
Creating a detailed business plan is crucial for the success of your Jute Bag Manufacturing business. This plan will serve as a roadmap, guiding your decisions and actions as you launch and grow your venture. Additionally, a well-crafted business plan will be essential for attracting investors and securing funding.
Here are the key components that should be included in your Jute Bag Manufacturing business plan:
Securing adequate funding is essential for the successful launch and growth of your Jute Bag Manufacturing business. It's important to identify potential funding sources, such as loans, investors, or crowdfunding platforms, to support your business financially. Here are some key steps to help you acquire the necessary capital:
Identify Potential Funding Sources: Research and assess different funding options available to you. Consider traditional business loans, angel investors, venture capitalists, or crowdfunding platforms like Kickstarter or Indiegogo. Each source has its own requirements and benefits, so choose the one that aligns best with your business goals.
Prepare a Comprehensive Business Plan: Before approaching potential investors or lenders, ensure you have a well-thought-out business plan that outlines your goals, target market, financial projections, and competitive analysis. A strong business plan can help instill confidence in your potential funders and showcase the viability of your Jute Bag Manufacturing business.
By strategically identifying funding sources and effectively pitching your business idea, you can secure the necessary capital to launch and grow your Jute Bag Manufacturing business successfully.
| Jute Bag Manufacturing Financial Model Get Template |
One of the critical steps in starting a Jute Bag Manufacturing business is establishing relationships with suppliers of high-quality jute and other materials needed for bag production. The quality of materials directly impacts the durability and sustainability of the bags, so it is essential to partner with reliable suppliers.
When sourcing suppliers for your Jute Bag Manufacturing business, ensure that they adhere to sustainability and ethical standards. Look for suppliers who follow environmentally friendly practices and prioritize fair labor conditions.
Additionally, consider visiting the facilities of potential suppliers to get a firsthand look at their operations and confirm that they meet your standards for sustainability and ethics. Building strong relationships with suppliers is key to ensuring a consistent supply of high-quality materials for your Jute Bag Manufacturing business.
Obtaining all necessary permits and licenses is a crucial step in legally operating your Jute Bag Manufacturing business. This process ensures that you comply with regulations and standards set by government authorities, protecting both your business and customers.
Start by registering your Jute Bag Manufacturing business with the appropriate government authorities. This typically involves filing paperwork, paying registration fees, and obtaining a business license. Check with your local city or county government for specific requirements in your area.
Since your business involves manufacturing products, you may need environmental permits to ensure that your operations comply with environmental regulations. These permits address issues such as waste disposal, air quality, and water usage. Contact the Environmental Protection Agency (EPA) or other relevant agencies to determine the permits you need.
Ensure that your Jute Bag Manufacturing business meets health and safety standards by obtaining the necessary certifications. This may include certifications related to workplace safety, product quality, or employee training. Consult with occupational safety and health administration (OSHA) or other relevant agencies to understand the requirements.
Developing an online sales platform and initiating partnerships with retail stores that share your brand values is a crucial step in maximizing your market reach for your Jute Bag Manufacturing business. This dual distribution approach allows you to tap into different customer segments and increase your overall sales potential.
When setting up your e-commerce platform, it is important to focus on user experience, ease of navigation, and secure payment options. Invest in professional photography to showcase your jute bags in the best light, and provide detailed product descriptions to help customers make informed purchasing decisions. Implementing an effective SEO strategy will also help drive organic traffic to your website.
In addition to your online sales platform, forming partnerships with retail stores that align with your brand values can help you reach customers who prefer to shop in physical locations. Look for retailers that cater to environmentally conscious consumers or those who appreciate sustainable products. Collaborating with these retail partners can expand your distribution network and increase your brand exposure.
When approaching retail stores for partnerships, emphasize the unique selling points of your jute bags, such as their eco-friendliness, durability, and stylish design. Provide retailers with marketing materials and support to help promote your products in their stores. Building strong relationships with your retail partners can lead to long-term collaborations and mutually beneficial growth for your Jute Bag Manufacturing business.
Setting up a manufacturing facility for Jute Bag Manufacturing is a crucial step in ensuring the efficient production of quality bags. To start this process, you need to acquire the necessary machinery and technology that will enable you to meet the demand for your products. Here are some key steps to consider when setting up your production facility:
Developing a strong brand identity and comprehensive marketing strategy is essential for the success of your Jute Bag Manufacturing business. Emphasizing sustainability and customization options will help differentiate your brand from competitors and appeal to environmentally conscious consumers. Utilize a mix of social media, SEO, and traditional advertising to reach your target audience and drive sales.
When it comes to branding, consistency is key . Ensure that your brand messaging, visual elements, and values align across all marketing channels to create a cohesive brand identity. This will help build trust with consumers and establish your brand as a leader in sustainable jute bag manufacturing.
Tip: Create a style guide that outlines your brand voice, colors, fonts, and imagery to maintain consistency in all marketing materials and communications.
Utilize social media platforms such as Instagram, Facebook, and Pinterest to showcase your jute bags and engage with your audience. Share content that highlights the sustainability and durability of your products, as well as any customization options available. Encourage user-generated content by reposting customer photos and testimonials to build social proof.
Implement an SEO strategy to improve your website's visibility in search engine results. Optimize your website content with relevant keywords related to jute bags and sustainability to attract organic traffic. Consider creating a blog to share informative content about the benefits of using jute bags and the eco-friendly manufacturing process.
Lastly, don't underestimate the power of traditional advertising methods such as print ads, direct mail, and partnerships with local businesses. By diversifying your marketing strategy and reaching consumers through multiple channels, you can maximize brand exposure and attract new customers to your Jute Bag Manufacturing business.
Continuous improvement is essential for the success of any Jute Bag Manufacturing business. By listening to customer feedback and staying up-to-date with market trends, you can identify areas for improvement in both your products and processes. Implementing a structured process for continuous improvement will help you stay ahead of the competition and meet the evolving needs of your customers.
Implementing Processes for Continuous Product and Process Improvement:
Planning for Scaling Operations As Your Business Grows:
Starting a jute bag manufacturing business requires careful planning, strategic decision-making, and a commitment to sustainability. By following the 9 steps outlined in this checklist, aspiring entrepreneurs can set themselves up for success in this growing market. Conducting market research, developing a solid business plan, securing funding, and establishing strong supplier relationships are essential steps in building a successful jute bag manufacturing business. With a focus on branding, marketing, and continuous improvement, entrepreneurs can differentiate their products and attract environmentally conscious consumers. By following these steps and staying agile in response to market trends, jute bag manufacturers can thrive in the competitive landscape.
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Be it the children carrying Jute Bags to school or women employees to offices, Jute bags now acquire a household name, especially during shopping sprees or vacations. As a cherry on the cake, it is environmentally friendly and reusable. Jute is a boon to the ecology marching towards a sustainable fashion. In texture, Jute Fibre is a soft, long and shiny vegetable fibre that is spun into strong threads. It is even called a golden fibre, owing to its natural brown colour. These specifications make it prominent among natural fibre globally. All such factors make the Jute Bag Manufacturing Business a celebrated business idea for women or teenagers to begin with.
Table of Contents
Different uses of jute bags , raw materials used in jute bag making, steps for jute bag-making process, marketing tactics of jute bag business, how to establish and register for a jute bag manufacturing business , jute bag making business training institutes, government schemes to promote jute export to india , market demand , conclusion .
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Jute Bag Manufacturing Business is a great step to kick start your journey as a marketer. As icing on the cake, the need for the same has increased exponentially and continues to serve as a sustainable and fashionable strategy. When we discuss the Jute Bag-making machine cost, the cost of the sewing machinery might vary or as much as 10k-30k, with ISO ( Indian Standard Organization ) depending on the capital structure and compliance based on other factors.
Jute Bag is one of the most sustainable business ideas, as it complies with environmental standards while living up to fashion trends. This is one of the few factors that make Jute Bags popular with high demand. The following are various uses of the same-
The Jute industry is prominent and highly reputable in India. The most Jute producing states are Bihar, Assam and West Bengal. But most of the Jute Business depends on West Bengal due to a fair share of mills. Therefore, such factors act as a catalyst for sourcing the raw materials, which are as follows-
The Steps to Jute Bag Making are no rocket science and can be undertaken simply and effectively. The following is how you may do so in a stepwise process-
Read Our Blog: Certifications & Legal Compliance Required To Export Jute from India
Marketing strategies are the stepping stones to generating consumer interest in advertising these goods or services. It generates skyrocketing demands and enlarges production by increasing profits. No wonder, when it comes to marketing the Jute Bag Business, the following are a few factors that govern it-
A Jute Bag can be easily made however, setting up the manufacturing unit is necessary. There are several things on hand: training, capital investment, researching raw material suppliers, understanding the market, production machinery, employees, registrations, etc.
To register for the Jute Bag Manufacturing Business venture as an MSME enterprise, you need to acquire several certifications-
Surprisingly, you can expand your Jute Bag Making Business into a full-fledged profession. However, you should master the courses that will help you overpower this field. NCJD (National Centre for Jute Diversification) and the JMDC (Jute Manufacturers Development Council) have offered short-term courses with the training-
The courses they offer are as follows-
Read Our Blog: How to Export Jute Products from India
The Jute industry is a significant and long-standing industry. The country has been trading this natural fibre since pre-independent India. All great qualities make Jute cost-effective and durable with a rise in demand. As a result, consumers have found themselves becoming conscious of their choices with their impact on the environment. Nonetheless, Jute is an ideal replacement for plastic bags and is sustainable. Such properties of Jute have been enabling retailers to shift their gaze in introducing eco-friendly packaging with Jute Bags catering to the ever-changing needs of users.
According to a survey, the Jute bag market value touched $ 1.9 Billion in the year 2020. Jute bags recorded an 11.5% CAGR from 2011 to 2018. The global jute bag market size reached $ 2.3 Billion in 2021. The market is expected to reach $ 3.3 Billion by 2026, exhibiting a CAGR of 9.4 % from 2022 to 2027.
Moreover, India holds the majority of shares and is the leading producer of jute bags. Additionally, the benefits of Jute Bags like low cost, and high strength have acted as a catalyst in the market growth.
We conclude that Jute Manufacturing Business in India is an environmentally sustainable business idea in India. The Market has witnessed exponential growth. It is anticipated that the demand will rise in the future as well. Provided the benefits of Jute making, it is a recommended business idea that can urge the teenagers and women of today to kick start their ventures. Get started just by availing the training, organizing capital, hiring people and marketing your product. Soon after, your brand will be launch-ready.
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9 step guide to learn jute bag making business:.
In today’s world starting a business is not a big deal. But choosing a profitable and successful niche definitely is. It is really difficult to find out a business that has a long life and profit margin.
As you all know, what the condition of the environment is in recent times. Most of the manufacturing business is hazardous and degrading the environment, in which a plastic bag is on the notch list. In spite of the government imposing a ban on plastic bags, it is still available in the market and used by a high amount of people.
They are not only non-biodegradable but hazardous and toxic as well. So at this point choosing jute bag making business is a smart decision. Shifting to better and more environment-friendly jute bags can be beneficial for your long term goals. Jute bag making business does not involve any hazardous or harmful chemicals and is considered in any part of the world.
This is one of the inexpensive businesses with high returns. Products like a clutch, purses, and gunny sacks are still in the market and being sold all over. The recent surge in the Eco-friendly products has also driven the public focus towards jute made items.
Before getting deeper into jute bag making business let’s understand the jute bag making process
S tep 1: You need to procure jute fabric role from the market which is generally available in the market with the cost of rupees 35 to 40 per meter
Step 2: Laminate your jute bags well it is categorized into segments one is a laminated jute bag and the other is a simple non-laminated jute bag. If you want to laminate then laminate the entire roll before cutting into pieces.
Step 3: Cut the entire roles using a cutting machine
Step 4: If you want to print the company name or logo you can use a screen printing machine for printing purposes. You need to print just after the cutting.
Step 5: As printing is done now its time to wash the printed jute roll and let it dry under sunlight for a few hours.
Step 6: You need a heavy sewing machine or lockstitch machine for stitching purposes, stitch the cut pieces of printed jute roll.
Step 7: After stitching the printed cut pieces the jute bag making process is complete and is ready for the market, you can attach bamboo or PVC buckles for carrying purpose.
You can learn jute bag making process from training. Many government-affiliated institutes provide you proper training opportunities. As there are many aspects you need to take into consideration in this business. I you want to start your training and get an education about jute business then you can seek, training and marketing aid of the Government of India. There are two departments, namely JMDC or Jute Manufactures Development Council and NCJD or National Centre for Jute Diversification, each of them has different schemes for supporting small scale jute business. They also help you to get market affiliation so that you can also set up your market sell your items in both domestic as well as international markets through various government-aided fairs, exhibitions, and establishments.
Some of the most significant jute business supporting schemes include:
As you are now with your proper knowledge to pull off your business successfully. Like any other business this business also needs to be planned in a proper sequence so that you do not run the in a loss. As a jute bag manufacturer, you must offer the right product at the right price to the right audience.
According to choices and trend, there is a number of variations in jute bags such as:
Jute bags for animal feed product storage, and pesticides.
Like any other business, this business does not require high investment. Cost consists of procuring machinery, raw materials and other resources including manpower. Marketing and distribution can be an additional cost. If you have a good saving that can be enough for you to start your jute bag business. Just keep in mind that you do not want to incur a major loss. And if not you can apply for small loans to arrange investment.
Location is not a major task as you can start your business with 500 sq ft area, but you need to make sure that the area is having sufficient space for storage and machinery, and also ensure that it has a facility like electricity and water supply. You may also require space for an office area.
You cannot deny that there is a good profit margin in this business. The market price of 15kg capacity shopping/grocery jute bag is Rs 50 and the cost of manufacturing is Rs 20 – 25 approximately without printing. Designer bags are much more expensive. Many successful jute bag manufacturers work on demand.
Jute bag business has a wide scope and is one of the most approachable business in India with such a good profit margin. You can provide your customers with a good range of variation. Once your business is established you can lend your franchise and make a good earning modal. This Eco- friendly business has gained interest in many good businessmen. I hope this article will help you to establish your business to the foremost. Comment below and let us know when are you planning your jute bag business?
Also read: https://www.halfmba.com/textile-business-plan
Do you want to start a jute bag manufacturing business project with a small investment at home? Find here a sample jute bag making a business project plan with the manufacturing process, cost, machinery, and raw materials.
Actually, jute is a long, soft, shiny vegetable fiber. It is also popular as ‘Golden fiber’. And currently, it is one of the strongest all-natural fibers available throughout the globe. Also, jute fiber is reusable and biodegradable.
Suggested Read: Small Scale Manufacturing Business Ideas
Jute fabrics are strong, durable, light, colorfast, attractive, and cheaper than most fabrics made from other fibers. Additionally, these are anti-static and UV protective. Therefore, jute fabrics are excellent raw materials for jute bags.
The jute bag-making process is simple. Additionally, there are several different types of bags that are very popular in the market. Also, the business demands a very small startup capital investment. Any individual can start this business even from home. Furthermore, this is a great opportunity for women, housewives, and moms too.
There are numerous different types of jute bags you can find in the market. According to lamination or lining, there are three different types of bags. These are
Additionally, a jute bag comes in a number of different handle options. These are
According to the use, there are several different types of jute bags. These are different in size, pattern, and color. These are
Decorated jute bags and shopping bags are very much in demand both in the domestic and international markets. With the increase in population, the scope of trade and industry is also increasing.
As bags are an essential commodity for humans, so the demand for the product is growing day by day. The demands for the product remain consistent throughout the year. So, it is presumed that there is a good scope for starting such type of industry with huge export potential.
1. identify the demand.
This is the most important aspect you need to consider prior. You must identify the demand for the specific type of jute bag in the local market. Additionally, check the retail price, who are the manufacturers, and their marketing policy. These all will help you in writing the business plan and starting your jute bag-making business.
Even, if you start the business from home, then also you must craft a business plan. And your business plan must consist of a financial analysis of startup costs and a marketing plan. Also, mention your business objective, target demographic, and marketing strategy. As a jute bag manufacturer, you must offer the right product at the right price to the right audience.
You must register your business with the proper form of business organization. For a very small startup, you can opt for a proprietorship company. However, you may go with a partnership, LLP, or private limited company according to your business size and investment model.
Generally, this type of business doesn’t demand any specific licenses from the Government authorities. However, check the local Federal laws before initiating the business. Also, you will need to check the upcoming tax liabilities too.
Generally, the startup cost consists of procuring machinery, raw materials, and other resources including manpower. Additionally, you will need to have marketing and distribution costs. If you are starting a small-scale unit, then it is better to start with your own fund. Otherwise, you can apply for a bank loan or venture capital investment.
You can fund the business out of your own savings or avail business loans or government grants. We also help in financing small business/ personal loans through our funding partners.
Read: How to Get a Small Business Loan in India
Generally, with 500 Sq Ft of an area, you can set up a small jute bag-making business. However, you must have an electricity connection for operating the machinery. Additionally, the selected space must have a wide entrance.
After securing the space, you must craft a floor plan. Broadly, you will need to identify the space for the production area, storage, and admin area. You will need some space for office work including raising invoices, money receipts, etc.
Generally, the jute bag-making business doesn’t demand any heavy machinery. Simply, you will need to procure
The major required raw materials for printed and decorated jute shopping bags are jute fabrics. Additionally, you will need to procure the dyestuff, printing gum, chemicals, and auxiliaries. Also, you will need to have a PVC buckle and bamboo sticks, sewing thread, packing materials, labels, etc. You can procure the raw materials easily from the local wholesale market.
First of all, you will need to procure the woven jute fabric from the wholesale market or manufacturers. Spread them on the printing table and fix the requisite auxiliaries/ingredients.
Then you will need to print it by screen printing according to the design and color. After that, wash the printed fabric and dry it under sunlight or through a drier.
Then cut the printed fabric as per the required design and sizes of the bag. Stitch the cut pieces by the lockstitch machine. Then, you will need to attach the PVC buckle or bamboo stick, etc. manually. Now the bags are ready for the market.
As such any product on this planet needs promotion. And your jute bags are also similar. Generally, retail distribution is the most proven way of establishing any product in the market. However, you must consider institutional sales also.
Apart from the offline promotion, concentrate on the online one too. According to the brand name of your company, secure a domain name, and build a business website . Also, use social media carefully for promoting your jute bag widely.
Hello, I’m Rupak Chakrabarty, a passionate advocate for small and medium enterprises (SMEs) and the driving force behind MUVSI Consulting, where I serve as a dedicated small business coach. With years of experience in the entrepreneurial world and a deep-rooted commitment to helping SMEs thrive, I bring a wealth of knowledge, expertise, and guidance to aspiring and established business owners alike.
The time is ripe for making millions out of jute bag making business. If you lack the know-how, you can go through this article to learn how to make jute bags and get started.
Popularly known as the golden fiber, jute is the strongest of all the natural fibers produced or available across the globe. India is one of the leading producers of jute crop in the country. Approximately around 50% of the world’s total jute production is done by India. While talking about India, the production of jute crop is extensively done only by the eastern states of the country.
The states such as northeastern states and other South Indian states have been engaged in jute production. With the increasing technological advancement and improvement, India has taken advantage of its most to improve its jute production and tries to establish itself as a world leader. India is treading on its path of becoming a world leader but still, it’s a long way to go.
The abundance of jute fiber and the natural eco- friendly characteristics that the crop has made the crop a financially attractive opportunity that the aspiring jute bag making business entrepreneurs take up without giving it a second thought.
Jute is widely available and also it is a cheaper fabric that can easily be procured at reasonable prices. While running jute bags manufacturing business, one essential component on which the entire jute bags making business is based that is jute fiber will not cost you much and it will be easier for you to arrange raw material.
As you read along, you will be acquainted with how to get started with jute bag making business, how to prepare jute bags manufacturing business, how to make jute bag, what a raw material and machinery required for jute bag manufacturing process.
Before starting a jute bags making business, it is of utmost importance to prepare a jute bag manufacturing business plan.
While formulating, give a thought well in advance as to what type of jute bag you are going to manufacture but how you will figure this out? You have to conduct market research and know the market demand.
On that basis, you can choose. Also, it is important to be in the know of how much cost is involved as a jute bag manufacturing business, figure out the sources of raw material, machinery requirements, decide the market of your end product.
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Before starting up the jute bag making business, it is important to make your business a legal entity. It is upon you when you wanted to start as a sole proprietorship firm or partnership business. After deciding the type of business, get
It registered with the Registrar of companies. Know well in advance about the various state laws that you need to comply with to run a successful jute bag manufacturing business. Also, registering for the various taxes and GST registration is important. Also, get your business insured to avoid unforeseen circumstances.
It is important that you have considerable space for setting up the physical space. It should have a dedicated area for production operations, proper storage area, and a separate cabin from where you can direct your orders. The jute bag manufacturing business plant must have proper electricity and water supply.
For jute bag making business, the main raw material required is jute fabric. Other raw materials required are Bamboo sticks, sewing needle, thread, chemicals, printing gum, dyestuff, auxiliaries, and packaging material.
Machinery and equipment requirements include lock stitch machine, cottage steamer, wooden printing and working table, cutting board, rubber wiper, scissors, measuring tape, water drum, dye paste stirrer, tubes, mugs, buckets, stools, tables, etc.
The process of jute bag manufacturing is not very complex. First of all, you need to procure raw material that is woven jute fiber from that wholesaler that gives out the raw material at the best possible prices.
Then put the jute fabric onto the printing table and fix the necessary auxiliaries on to that. Then you are required to print the design with different colors by the screen printing method technique.
Bathed out the printed fabric with the water and then let it out in the sunlight to get dried. After the material is completely dried, now you can easily Cut out the printed material according to the required size and shape.
Now that the fabric is cut into the desired size and shape, you need to stitch the fabric pieces with the help of a lockstitch machine.
The only thing that is left to do is put up the buckle and the bamboo stick with the help of hand With this last step, bags are ready to be dispatched to the targeted market.
After the product is prepared, it is important that you have a targeted market for your product. In the absence of this market, your business might come to a standstill for the continuous running of the jute bag making business, it is important to ensure that the continuous supply of jute bag is maintained throughout.
The best way of making your product available in the market is by establishing a strong distribution network between distributors and dealers.
Also, it is important that your product is available in the local retail stores. You can also engage in setting up an online website for increasing your sales. For setting up an online store, you need to create a website design that speaks for itself and publicize your product.
You can also create accounts on various social networking platforms where you can easily spread the word about your jute bag making business. Putting on your business on social media gives you added advantage like mass viewership and also you can click a picture of your product for people to see and convert your viewership into customers.
To attract a large number of customers, you can offer a discount on their first few purchases. Also, you can allow the passage for the customer’s feedback channel to know where are you lacking and to know what they like most about your jute bag manufacturing business.
The demand for jute bags is huge in the market, all the more because of its natural eco-friendly qualities. Jute bags are high in demand with the rising environmental consciousness among people.
Conditions are conducive for starting jute bag making business and now you are also in the know of how to make jute bags.
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₹ 500
You can now download Jute Gunny Bags Project Report in a short time. It takes many days to research this business and then write the project report for starting a gunny bag manufacturing business in India. My question is Why spend so much time when we are here? Yes, I mean to say that the business plan is a crucial document that contains all significant details about the setup.
You can download the Project Report of Gunny Bags Business by paying a nominal cost. The objective of pre-feasibility is the identification of the project for investment. The document covers various qualities of a startup, marketing, finance, and business management to serve the purpose. Profile documents help prepare project reports for bank loans and other works.
One can start a jute bag making business on a small-scale basis. The jute bag manufacturing process is not complicated. Even business is a great income option for students and women.
Jute is a naturally found, cheap, biodegradable fiber product. In starting a business of making jute bags, you have to be careful about the location selection. The easy availability of raw materials is an important factor. The business is also suitable for the northeastern part of India, which includes Assam, Tripura, Nepal, Sikkim, Manipur, and Arunachal Pradesh.
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If you are an individual who lacks time and wants to get the project report ready in a short moment. You are on the right page. We can provide you with this project report in a few minutes. Just make the payment and get the download link that gives you access to use our project report. If you want an up-to-date project report for the business bank loan, you can get a customised project report by paying an additional amount and getting the business plan as per your standard.
For an eco-friendly character, the demand for jute yarn, jute fabrics, and other jute item is growing very fast. The production of high value-added and value – final competitive products has developed new techniques for bulk use of jute as a raw material.
Jute fabrics are durable, strong, colorful, lightweight, attractive, and cheaper than most fabrics made of other fibers. These are anti-static, UV protective, carbon dioxide neutral, and natural decomposition possible. Gunny fabrics are superb raw materials for jute bags.
Jute is a plant-based fiber. Jute fabric is 100% environmentally friendly as it requires minimal chemical treatment before weaving into the fabric, while cotton requires much more chemical treatment.
Jute fiber comes from the ribbon and stem (outer skin) of the jute plant. The process of resetting involves tying jute stems together and dipping them into slow running water. There are two types: stem and ribbon.
Yes. Jute is 100% biodegradable and completely eco-friendly.
Jute bags have many uses. Gunny bags are mainly used for packing cement, sand, agricultural products, sugar, and other heavy goods. These bags are ideal for transporting bulk foods such as onions, potatoes, flour rice, and fertilizers.
You will be glad to know that colorful decorative jute shopping bag is in great demand. Jute bags are used to carry lunch, letter, textbooks, folders, etc. It is also widely used as an office bag for those who care a lot about the environment and you. Jute bags come in different designs. Various types of small purses made of jute are also very popular for women.
With the increasing population, the scope of trade and industry is also increasing. The bag is an essential item for humans. With the increasing awareness about the environment, pollution has led to a rapid increase in gunny bags demand.
You can get training and marketing assistance from two government departments. They are NCJD and JMDC. He has several schemes to support small scale jute bag making industries.
They are providing marketing support to gunny entrepreneurs to sell their products through various trade fairs/exhibitions in the country as well as overseas markets.
You can buy the raw materials for manufacturing jute bags from the local suppliers.
In starting a business of making gunny bags, determine the ownership pattern of your company. If you want to start as a sole proprietorship or partnership or then it is advisable to be registered as a One Person Company. Otherwise, you can register the entity business as LLP. Pvt. Ltd. Or Ltd. Company.
You must have PAN card, Aadhar card, project report and other basic documents for the license and other permissions to manufacture gunny bags.
Obtain business licenses from local authorities. You have to do GST – Goods and Services Tax registration. You also register for Udyam Registration on MSME Portal. Additionally, you can apply for ISO certification. If you want to focus on the export market, you must apply for the IEC code (Import Export Code).
Laminated and non-laminated jute fabrics are both the main raw materials required to make gunny bags. Other essential raw materials are printing gum, dyestuffs, chemicals, and accessories, PVC buckle and sewing thread, hook , lining cloth, eyelet, bamboo sticks , runner, chain, and packing material, labels, etc.
Jute is natural. Being eco-friendly, jute is biodegradable. Jute bags are reusable. You can use jute bags as they serve all purposes like for carrying jewellery, gifts etc. jute bags are used.
Jute bags are strong, light, durable and affordable. They can be used to carry agricultural produce as well.
Jute bags are UV Protected and safe for carrying food products. They are anti-static in feature. Trendy, decorative and printed jute bags in good demand in the markets of India among travelers too. Jute bags are being promoted by many brands and are long lasting so customers demand them.
Jute bag making process is easy. You can set up your unit for the same and manufacture them. You require training, capital, raw material, suppliers, understanding of the market, machinery to produce them, employees, registration and so much more to start this unit.
You should avail training and support for marketing from Government department. JMDC and NCJD can help you in this concern. You must get acquainted with the schemes that uplift small scale jute bag making business. Basic Training Programmes can provide you training to run this business.
You can also get marketing assistance that can help you sell your products through exhibitions, trade fairs etc.
The startup investment and cost largely depends on the scale of output production. The minimum investment needed to establish a jute bag manufacturing unit is Rs 20 to Rs 25 lakhs. The gross profit margin is around 40%.
You can begin this business with just a team of 5 people. If you plan to produce 20,000 jute bags in a month then the jute rolls that you need to buy are 50. Jute bag roll costs Rs 50 each and so the money spend on jute rolls is 50*200*25= Rs 2,50,000. It is a Monthly estimation.
Fabric cutter machine cost is around Rs 20,000. Heavy Duty machine will cost you around Rs 40,000. The price of ordinary sewing machine is Rs 20,000. Cost of stencil equipment printing color paint is Rs 15,000. Electricity and water bill is also an expense to be borne. Thus the entire cost is around Rs 3,50,000.
This business requires money to be spent on buying raw materials, machinery, land, bear additional costs and manpower. If you want to start a small scale unit of manufacturing gunny bags then you should start with your own fund and if you don’t have your own fund then you can take financial assistance from banks.
You require a few registrations to start jute bag manufacturing business in India. All these are important to acquire before you register your venture under MSME. Here is the list.
You will have to arrange woven jute fabric to make jute bags. This you can get from the wholesale market. Then you have to spread the fabric on the printing table and fix the required ingredients.
Next you need to print it using screen printing technique as per the color and design of your choice. Then you are required to wash the printed fabric and dry it under sunlight or using a dryer.
You ought to cut the printed fabric as per the desired design and size of the jute bag. Stitching of the cut pieces is done with a lockstitch machine and PVC Buckle is attached manually. The bag is now ready to be sold in the market and make money.
You can make a very good profit margin there in this business. 15 kg capacity jute bag costs around Rs 50. Without printing its cost is Rs 25. The designer jute bags are quite expensive. If the demand of customers increases, you can manufacture them with designs in bulk and supply them in the market. You can sell jute bags of different types in different segments and make a revenue of about Rs 1 crore in a month.
You can set up a small scale jute bag making business in a space of around 500 square feet. The space should have wide entrance and proper water and electricity supply. You can make a floor plan after the space is secured. You need good space for production, storage, and admin area. You should keep some space for office work also so that you can raise invoices, keep money receipts etc there.
Jute Bags are quite popular in India. India is the leading consumer of jute. India is the largest cultivator of Jute too. With the rising demand of fancy jute bags in India and attached benefits with the product, this industry has witnessed spike. There is good consumption of jute bags in the country.
The demand for jute bags is rising seeing them attractive and advanced. If you are planning to start this business then you can introduce various sides of jute to people. The jute bag demand is high these days and thus it is the right time to start this business.
You can earn a lot of money in this business and enjoy profits. So people would need not import them from outside and you can get chance to make your business popular among people.
Popularity of jute bags makes it a profitable business. You can start jute bags making business because it is in trend these days and it is profitable too. Following are the reasons to prove jute bag making business is profitable or not.
One reason it that they are popular and good for environment.
It is reusable and can be used far and again. It is not a one-time product. It is biodegradable and so profitable. It is cost effective and fancy so you can boost your sales for this product. It is purchasable by all. It has a good scope in India and abroad so this business can witness huge growth. This is the reason you can make much money from this business in India.
There are many types of jute bags available in India that you can manufacture. Jute bags are owing wide market in the country and are highly popular. Here are the types of Jute Bags.
Sling Jute Bags
Sling bags are also made of jute to attract the crowd at large. They are usually small in size and shape and are eye catchy and eco-friendly. You can thus manufacture stylish, and latest trendy jute bags in India. This type of bag is popular among youth.
Lunch Jute Bags
These are made to carry lunches. You would have seen people carrying lunch in jute bags. These bags are strong and durable. You can use different designs to print them. You can also customize them in different styles.
School Jute Bags
You can manufacture jute bags for school. You can choose to sell them as a complete solution for backpack.
Shopping Jute Bags
Shopping jute bags are highly demanded and famous in the market. They are used by ladies for various purposes. It is in high demand these days. They are durable and can carry a lot of stuff.
As per an estimation, jute bag making business was earlier at $ 1.9 Billion and now it is estimated to be at 11.5% CAGR in the future. Global jute bag market size has reached at $ 2.3 Billion and will grow at $3.3 Billion with a CAGR of 9.4%.
Jute is a natural material that is in existence as a plant or vegetable fibre. It can be grown very easily. The fibre extracted can be spun into jute threads that is used by jute bag manufacturers to weave and develop jute fabric. The strength of jute fibre, soft texture, and shine has named it golden fibre. Jute is the Earth’s strongest fibre.
Since centuries, India is into trading of jute products commercially. With the popularity and development of plastics, there came harms to environment and affected pollution level. As a result eco-friendly products rose their demand.
Artificial plastics have their own disadvantages and thus they affect environmental pollution and cause harm to mother Earth. Jute in recent years has brought forward jute bags making it an excellent and profitable business idea.
As jute bags have excellent load bearing capacity, so they are used as jute sacks also and help people carry cement, agricultural produce, sand, fertilizers etc. Today you can manufacture purses, travel bags, water bottle, sling pouches, etc.
To make products as per the demand of customers, jute bag lamination and lining in cloth, water proof plastic, muslin etc is important. This can make jute a fashion statement being eco-friendly, workable natural material, water proof fabric, etc. You can make it ramp ready.
Jute Bag Business Planning
When you start this business, there are many things that you need to consider. Whether you are in the beginning stage or want to go to the next level, you require a clear and informative business plan for the same.
You must first ask yourself where you actually want to go. How do you see your business in a few years and start working to reach on your goals.
Your business plan will provide you all important information that can enhance the purpose and capability of this business. You can add or delete anything in this plan and manage your business.
Selecting a good business is important. You need to be careful in looking for the location you would start your business. Here are the tips that you can follow while choosing the location for jute bag manufacturing business in India.
Before selecting the location select the business budget that can help you know the expenditure you are ready to make.
Before you buy or land or lease a building check out the surrounding and the neighborhood.
There should be less competition in your area. Checking the potential growth is important while seeing the location for this business.
It should be easy for consumers to reach your location. Find out how the location is zoned before finalizing it.
Registration of Your business
You can register your business as a sole proprietor in case of small scale unit in India. You can also choose your business registration as partnership firm, INC company or LLC as per the size of your business and budget for investment. You need not arrange much licenses for this business from the Government.
Buy the machinery for making Jute Bags
You need nit buy any high end technology for making jute bags in India. It usually depends on the type of bags you want to manufacture and the scale of your business. To manufacture printed jute bags, you require the following machinery.
You ought to select the type of jute bag you want to manufacture from many of them available. This is a major step you need to choose in the beginning only. You may start your business by manufacturing one or two types of jute bags and later expand.
If you are choosing any one jute bag type then you must make sure that you choose the type that has more demand in the market so that you can create a large consumer base.
You must do detailed market research so that you can get to know which type of jute bag has more demand in the market and which market you can easily capture. Therefore, understanding of the market and what it needs should be known. You must work as per the market and demand of customers only.
Investment Planning
You should plan your investment before starting this business only. You know that you will have to invest a good sum of money in this business. You need to plan your investment and then invest to yield good returns.
Make a draft plan that can guide you how to invest, how to invest, by what means, and how you would be able to arrange money if you don’t have it. Then you should know about the sources and note them. Also think about where you will spend money in buying which raw materials and tools.
To arrange space also you would need money. This planning can be done if you have a good investment planning before starting your business.
It is obvious that you require raw material for your business, and you need to arrange it. You require a lot of raw material for making gunny bags. For making these bags you need to purchase raw material. Let me tell you what all you need.
Now you can start manufacturing jute bags. You might be knowing the process of jute bag making as it is easy. In case you are not aware, you can check out the manufacturing process of jute bags here itself. Initially you would face difficulty in making the perfect looking jute bags, but with practice you will become an expert.
It is another important step that you must include in jute bags making process. You need to set your target market initially only while planning so that you can decide to sell your product. As the demand for jute bags has risen in the recent years, it makes it important to know the right market place before setting up this business. You can go through the flowing options that can help you in selecting your market place.
Retail Market
You should plan to sell your jute bags at the retail market by dealing directly with the customers. You can also open a shop in a busy market to find and attract customers towards your product.
Export Market
You can also plan to export jute bags to other countries as there is huge demand for jute bags in foreign countries too. You would require IEC license for the same.
Online Market
It is the era of online. You can get a lot of customers who wish to buy jute bags online. You can start your online store and grab target customers. It is the best way among all the market to become a successful entrepreneur.
Build Your Brand
When you run this business, after some time it becomes necessary to develop your brand. It will work to get you recognition for this business. Building a brand helps to grab customers and your business is recognized everywhere. While you build your brand, you need to keep in mind the motive behind your business. Brand building is an easy task that you must always remember.
Promotion of your business
It is very necessary to promote your business. It is simply letting people know about the existence of your business. It will add value to what you do and for this you can take help of social media for promotion of your business. You can get more customers with the help of your website and digital marketing.
Consider becoming a wholesaler for a month to become familiar with raw material suppliers, manufacturers, and potential customers. Understand the types of fast-selling jute bags and look for upcoming trends. Once you capture the market potential well, start setting up your production unit. Create a solid business plan by including a description of your objective, financial projections, production times, staffing, location, and marketing strategies. Name your company or start-up.
Following are the steps to get the project report of the Gunny Bags Manufacturing Plant.
Jute is also cheaper, so the investment in the business of making jute bags is not very big. From shopping bags to clutch purses for women, they are not only more attractive but also safer. Starting this business on a small scale would be very profitable as it would be for women and young girls alike.
Approx 4 years.
Jute trade is a trade where the requirement of raw materials is the highest. It is impossible to start this business without raw materials. In the jute trade, firstly, from which area the raw material has to be brought, and the raw material must also be fresh and well-organized so that bags can be manufactured in a good way and easily. Cotton junk, jute rassi, fabric color, fabric roll, drawstring are used as raw materials in the jute trade.
The business of making jute bags is a very cheap and high profitable business. Much of the business of jute is spent on purchasing its machinery. Other expenses come in buying raw materials, marketing methods, and delivering finished goods. If there are workers in the factory, then their salary also has to be paid, so always keep the number of workers in the factory small. The jute business starts at Rs 45,000, but if you do not have Rs 45,000, then the government can provide you cash through a Mudra loan. You get this loan at no risk charge. In this way, you can start a new business and return the money by paying very little interest.
The most important things in which area we sell our bags and where. All know very well that jute bags are used more in the market area. Persons should try more to sell our bags in the market area. Human beings should establish good relations with the shopkeepers of the market area so that we can sell our bags easily. We should keep a fixed price for bags so that there is no problem in negotiating with any shopkeeper. If a good number of bags are purchased by any shopkeeper every year, then we should gift a beautiful and fancy jute luggage bag to that shopkeeper every year, that bag has our company logo on it. By doing such things, the businessman also gets happy and presents a good image of our business.
The information about the weather required for the production of jute is as follows –
In addition to those who want to prepare project reports themselves.
In our project report format, we have covered technical details, its diagrams, flow charts etc. as and when required or deemed fit to include. We can also help you prepare in-depth financial calculations which are necessary for the Investor/bank.
You will get the report data from our Project Report in PDF. You can also modify the information according to your need. You will be able to access the data easily according to your requirement.
The project report of gunny bag manufacturing covers the following topics.
Sr. No. | Particulars |
1 | Introduction |
2 | Market Potential |
3 | Industrial Scenario |
4 | Product Description |
5 | Product Uses |
6 | Product Raw Material |
7 | Manufacturing Process |
8 | Raw Material Procurement |
9 | Production Process |
10 | Testing |
11 | Flow Chart of The Process |
12 | Indian Standard |
13 | Project Components |
14 | Land & Building |
15 | Plant & Machinery Detail with Images |
16 | Power Requirement |
17 | Manpower Requirement |
18 | Other Utilities |
19 | Cost of Project |
20 | Means of Finance |
21 | Projected Profitability Statement |
22 | Projected Balance Sheet |
23 | Cash Flow Statement |
24 | Calculation Of D.S.C.R |
25 | Production & Yield |
26 | Sales Revenue |
27 | Salary, Wages & Power Requirement |
28 | Working Capital Requirement |
29 | Computation of Depreciation |
30 | Financial Indicators / Ratio |
31 | Repayment Schedule of Bank Loan |
32 | Break Even Point Analysis |
33 | License & Approvals |
34 | SWOT Analysis |
35 | Assumptions |
You can study various aspects of the Gunny Bags manufacturing business by paying the fee and downloading the project report in PDF format. Use jute bags and jute products as much as possible to stay healthy to turn our lonely planet free from environmental pollution. Cheap, versatile, and climate-friendly, these natural products will make our life on earth lively and bright.
The jute bag manufacturing project report with financial statements is designed for an individual enthusiastic about investing in this business and willing to generate extra earnings with his investment in this business. The complete set up requires a detailed project report and business plan that can tell the entrepreneur in detail about the market research and a lot more. Our project report contains all the necessary details that you need to know before setting up your business. It will help you in assisting to write down the project report and applying for a bank loan.
You can get information about the following profitable opportunities on this website.
How to start jute bag making business in india.
You can easily start a gunny bag making business in India by exploring the market to know the best location in your area. You will also have to study the jute bag making project report to get every important detail about this business.
You require a well written jute bag making project report for this business. This you can get from our website in a gist of time. It contains every significant detail about this startup that can benefit you in making wise decisions. You will also have to arrange space and buy equipments that we have listed in the project report.
Well, you can explore the best biscuit making business project report PDF on our website and take help by checking out all the important details for your new business from it. It will serve you as a guide using which you can write your own jute bag manufacturing unit project report and submit it to the bank to avail loan for your new venture.
We have clearly stated the right format for this start up in our project report. You can check out the gunny bag making unit project report details by downloading it after making a nominal payment to us. We have covered every important aspect of this venture in our report.
You can easily download this project report from our website in PDF Format and use it for writing your project report. If you want to get it in word or excel file. It is very simple to later convert the pdf to word or excel using free file converting tools.
The main objective of this project report is to highlight all important aspects of this business for your new set up and to provide sample format for preparing project reports for other purposes. However, according to your need, we will prepare customized project report for your set up so that you can get loan from the bank under any scheme.
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The global jute bag industry is currently at a nascent stage with encouraging growth aspects. The demand for jute bags has witnessed a surge over the past few years, particularly in the European Union. This can be attributed to the growing environment consciousness in the region. The imports of jute bags in non-producing countries have also
A Sample Jute Bag Manufacturing Business Plan Template. 1. Industry Overview. Jute is a natural fibre obtained from the bark of the white jute plant or the tossa jute plant. It is also known as the golden fibre owing to its golden and silky shine, and is extensively used in the manufacturing of packaging products and textiles.
In conclusion, writing a business plan for a jute bag manufacturing company requires careful consideration and planning. By following the 9 steps outlined in this checklist, you can effectively establish your target market, analyze the competition, and develop a strategy to stand out in the market. It is crucial to create a detailed financial ...
Understanding Jute Bag Manufacturing Business. A jute bag manufacturing business specializes in the production of eco-friendly bags made from jute fiber. Jute, a natural and biodegradable material, is known for its durability and sustainability, making it an excellent choice for environmentally conscious consumers and businesses. Day-to-Day ...
The document provides information about starting a jute bag manufacturing business, including: 1) Jute bag manufacturing has low startup costs and potential for good profits as jute bags have steady demand. 2) Key steps include identifying local demand, designing a business plan, obtaining necessary licenses, and procuring machinery and raw materials. 3) Basic machinery includes wooden tables ...
The global jute bag business is presently at a nascent stage with encouraging growth aspects. The demand for jute bags has witnessed a surge over the past few years, particularly within the European Union. This may be attributed to the growing surroundings consciousness within the region. The imports of jute bags in non-producing countries have ...
48855121 Business Plan Jute Bag - Free download as PDF File (.pdf), Text File (.txt) or read online for free. The document provides a business plan for starting a jute bag manufacturing business as an alternative to plastic bags. It outlines opportunities in the market as consumers are looking for environmentally friendly bag options. The plan details producing attractive, lightweight jute ...
The jute bag manufacturing process is simple. After procuring the raw materials, you will need to create the proper designs and patterns. As per drawing, design and size cut the jute fabric to make bags. After cutting, place the clothes on the table and print them. Then stitch the cut pieces with the sewing machine.
Report Overview: IMARC Group's report, titled "Jute Shopping Bags Manufacturing Plant Project Report 2024: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue," provides a complete roadmap for setting up a jute shopping bags manufacturing plant. It covers a comprehensive market overview to micro-level information such as unit operations ...
Check Pages 1-50 of Steps to prepare a Project Report on Jute Shopping Bag Manufacturing Business in the flip PDF version. Steps to prepare a Project Report on Jute Shopping Bag Manufacturing Business was published by niirconsultancy on 2020-05-27. Find more similar flip PDFs like Steps to prepare a Project Report on Jute Shopping Bag Manufacturing Business.
National Jute Board
This document discusses jute bags and the growing market for them. It notes that demand for jute bags has increased significantly in recent years as an environmentally-friendly alternative to plastic bags. The global jute bag market reached $1.4 billion in 2016 and is expected to continue growing rapidly due to bans on plastic bags in some regions and increased consumer environmental awareness ...
Cut the jute rolls to the required size and shape. Print the designs, logos, or text on the jute roll pieces. Wash and dry the printed jute fabric pieces. Stitch the cut pieces of jute roll using a heavy-duty sewing machine. Attach the handles, buckles, zips, etc. Pack the jute bags for marketing.
The process typically includes the following steps: Jute Fiber Extraction: The first step in jute bag manufacturing is the extraction of jute fiber from the jute plant. The jute plants are harvested, and the long, soft, and shiny fibers are separated from the plant stems using specialized techniques. Jute Fabric Production: Once the jute fibers ...
According to recent statistics, the jute bag market is expected to grow at a CAGR of 6.1% from 2021 to 2026, driven by increasing awareness of environmental issues and the shift towards eco-friendly alternatives. In this blog post, we will provide you with a step-by-step checklist to help you successfully launch your own jute bag manufacturing business and capitalize on this growing trend.
Step 4- Cut the Jute roll to the required shape and size. Step 5- Generate or print designs on jute roll pieces. Step 6- Wash or dry the printed pieces of fabric. Step 7- Stitch and weave the obtained cut pieces from the Jute roll with the assistance of the sewing machine.
Before getting deeper into jute bag making business let's understand the jute bag making process. 1. Jute Bag Making Process: Step 1: You need to procure jute fabric role from the market which is generally available in the market with the cost of rupees 35 to 40 per meter. Step 2: Laminate your jute bags well it is categorized into segments one is a laminated jute bag and the other is a ...
10 Steps to Start Jute Bag Manufacturing Business. 1. Identify the Demand. This is the most important aspect you need to consider prior. You must identify the demand for the specific type of jute bag in the local market. Additionally, check the retail price, who are the manufacturers, and their marketing policy.
The process of jute bag manufacturing is not very complex. First of all, you need to procure raw material that is woven jute fiber from that wholesaler that gives out the raw material at the best possible prices. Then put the jute fabric onto the printing table and fix the necessary auxiliaries on to that.
The minimum investment needed to establish a jute bag manufacturing unit is Rs 20 to Rs 25 lakhs. The gross profit margin is around 40%. You can begin this business with just a team of 5 people. If you plan to produce 20,000 jute bags in a month then the jute rolls that you need to buy are 50.
Cut as per your bag pattern to required shapes and sizes. Ensure minimum wastage of fabric. Embellish and print your text, designs, logos etc., on the cut jute-roll pieces as per your patterns. Wash the jute fabric pieces and dry them out. Next, stitch the pieces together using a heavy-duty sewing machine.
Plastic bags in general take anywhere from 20 to 1000 years to breakdown in the environment. The natural alternative is jute bag. Decorated jute bags and shopping bags are very much in demand both for domestic and international market. With the increase of population the scope of trade and industry is also increasing.