Unlock a Profitable Opportunity: Aloe Vera Gel Business with Minimal Investment

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Aloe Vera Gel Business
Image Courtesy: Zee News English

If you’re an aspiring entrepreneur seeking a lucrative venture, consider the potential goldmine in the cosmetic and health industry – Aloe Vera Gel. Aloe Vera’s widespread popularity has made it a key ingredient in various cosmetic products, from high-end night creams to nourishing shampoos and healing cleansers. Its versatile uses extend beyond cosmetics to food and pharmaceuticals.

The Khadi and Village Industries Commission (KVIC) Project Profile outlines the costs involved in setting up an Aloe Vera Gel manufacturing unit as follows:

Cost of Project for Aloe Vera Gel Manufacturing:

  • Land (Own/Rented)
  • Building/Shed (500 sq ft): Rs 2 lakh
  • Plant & Machinery: Rs 18 lakh
  • Furniture & Fixtures: Rs 1.50 lakh
  • Working Capital: Rs 3.33 lakh
  • Total: Rs 24.83 lakh

Means of Finance for Aloe Vera Gel Manufacturing:

  • Own Contribution: Rs 2.48 lakh
  • Working Capital (Finance): Rs 3.00 lakh
  • Term Loan: Rs 19.35 lakh
  • Total: Rs 24.83 lakh

According to the KVIC project report, you can anticipate impressive gross sales figures, with projections of Rs 66.38 lakh, Rs 77.87 lakh, Rs 88.97 lakh, Rs 1.06 crore, and Rs 1.12 crore for the first five years, respectively. Moreover, KVIC suggests net profits of Rs 5.26 lakh, Rs 7.36 lakh, Rs 10.13 lakh, Rs 13.53 lakh, and an impressive Rs 17.41 lakh in the first five years.

Please note that this article serves for informational purposes only and should not be considered financial advice. Before embarking on any business venture, it is crucial to conduct thorough market research and due diligence to ensure its viability.

Re-reported from the article originally published in The Zee News English

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