Written By: Shalini Patel
How to Open a Flour Mill in India in Just 7 Days?
Flour milling is a common business in India. That’s because flour is such a useful ingredient in making several types of processed foods including biscuits, bread, and cake, among others.
Earlier, individuals used to buy packaged flour that was produced by multinational companies. But nowadays, due to health concerns and high demand for chakki-fresh flour, individuals have shifted their focus. Since more people are health conscious, this industry continues to enjoy significant profits.
If you are thinking of opening your flour mill business, there are essential things you need to understand. Keep reading this guide to know how to go about starting this enterprise.
Steps to Follow
Establish the Location
As mentioned earlier, flour is a key ingredient in most Indian homes. People consume it and in large quantities. But that doesn’t mean you have a direct market. One of the things you need to think about is a central place where you’ll set your business. The fact that individuals consume flour isn’t an assurance that they’ll buy from you.
You need to think of a suitable area, and that means doing some market research. And when doing that, remember your enterprise needs to conform to the zoning regulations of the specific region.
Decide on the Type of Flour Milling Business
Ask yourself how much flour do you want to be producing at the end of the day? There are mainly two types of milling businesses:
- Small scale
Here you’ll only be charging some cash for milling grains. The profit is not that huge, but you won’t need much capital to start it. So in the long run, if you get many consistent customers, you’ll make some profitable income.
- Large scale
In this case, you’ll be processing the flour from the raw materials, package them, and then sell to retailers or other consumers. The good thing is that this type has significant profits, even though the capital is quite high.
Determine How Much Money You’ll Need
You’ll need some capital to start Flour Mill Business. First, start by listing all the things you’ll need for your business to run. Some of the general things you must have include proper certificates and permits issued by the local government, and correct machinery.
It’s wise that you understand the local market of the flour machinery as that will help you create a rough estimate of your capital. But generally, the cost will vary depending on how much you’ll be producing. It’s cheaper to set a small scale factory than a large scale.
Once you know what you’ll need and how much money you ought to have, then you can proceed to get financial support, if you don’t have the capital. You may take loans to help you raise the cash needed.
Get Permits and Purchase Milling Machines
Never start your enterprise without getting a license. The government has to inspect and certify that you meet with the basic requirements before you are given a permit to operate a flour mill business.
Then after, you should buy the flour mill machinery. Here is where the challenge comes in as many sellers are claiming to be selling the best machines. But to narrow your options and help you out, check out Reindeer Machinery, as they’re one of the most reliable flour milling suppliers in the country.
If you intend on large scale milling, consider buying reindeer commercial flour mill, as it easy to use, durable and functional as well.
Final Thoughts
A flour milling business is a good investment. The capital is not as much compared to other enterprises, and the demand for flour is also high. Not to mention, you can get your loan approved easily for this type of business. If you’re thinking of starting it, follow the steps above. Also, it’s wise that you speak to a financial expert for help.
