Iodized Salt Production Project Report. Are you willing to start an iodized salt production business? If Yes, get to know about a detailed iodized salt manufacturing business project sample profile with the production process, machinery, and cost.
Iodized salt or iodized salt is table salt along with iodine. Consumption of iodized salt is useful for iodine deficiency in the human body. Thus, it assists in preventing thyroid gland problems, and the endemic goiter. In many countries including India, iodine deficiency is a foremost public health problem and we can easily face it with the consumption of iodine salt in a small amount.
So, let us describe first what is iodized salt. Iodine is a micronutrient and diet mineral. It is an essential trace mineral for human growth and development. Salt is an efficient medium for allocating iodine. Iodized salt production is achievable by spraying it with a potassium iodate or potassium iodide solution. The production process is easy. You can commence the business on a small-scale basis.
10 Steps for Starting Iodized Salt Production Business
Step 1: Market Study
Iodized salt comes underneath the FMCG section. So, the product has an excellent demand in the Indian retail market. Iodized salt has a good domestic market and export perspective. India is the third-largest salt-producing country in the world after China and the USA. Some of the chief importing countries are Malaysia, South Africa, Nigeria, Fiji, Mauritius, etc.
You can find many good manufacturers in the market. Thus, you can check the packaging quantity and price that are accepted and this will aid you in determining the price and other essential inputs.
Step 2: Iodized Salt Production Project Report Project Report Preparation
In commencing this type of medium-scale unit, you will need to make a customized business plan or project report. Generally, you will need to have details about the technical part and the project economics. If you have some experience and knowledge, you can arrange a plan of your own by using specific software solutions. You can take professional help too.
In the business plan, you will need to declare organization features, mission, vision, business goal. The technical part contains the market prospect, manufacturing process, raw materials, and quality control.
Step 3: Finance Arrangement
As per the project report, you will need to organize finance. You will need to organize both the fixed capital and working capital. The fixed cost contains plant & building costs, machinery purchases, and pre-operative expenditures. Whereas, the working capital cost contains raw materials, utility, transport, etc. It is advisable to initiate the project with bank finance, least machinery, or overdraft resource.
Step 4: Business Registration & License
Commencing the iodized salt production business necessitates business registration first. You will require business registration as per the specific form of organization and you will need to decide the name of the company.
After being done with the business registration, apply for the MSME Udyam Registration. Acquire the Trade License from the local Municipal Authority. You can protect the brand name with Trademark Registration. Apply for an FSSAI license and BIS Bureau of Indian Standards registration for using the well-liked ISI mark on your product packaging.
Step 5: Manufacturing Unit Establishment
In setting up the manufacturing unit, you will need to have space initially. Generally, the necessity of the specific area relies on the unit size and production output. You can start a small-scale operation with 1000 Square Feet of the enclosed area.
After that, you require an electrification and water supply utility. It is better to make a floor plan before the installation of the machinery. You have to arrange the electrical wiring as per the particular condition.
Step 6: Procure Machinery
In commencing a medium-scale iodized salt production unit, you will require the following machinery.
1. Silos (stainless steel)
2. Crushers (Roller/ball)
3. Belt Conveyor
4. Spraying chamber (SS) for Potassium iodate solution.
6. Packing Machines
Step 7: Procure Raw Materials
You will require to procure the essential raw materials for the operation of the plant. According to the 1987 BIS Bureau of Indian Standards , to get 30 ppm of iodine, you are required to add 50 ppm of potassium iodate. Also, you require edible grade salt as the chief raw material. Further, you require technical grade Potassium iodate 40 ppm/25 ppm. Finally, you need packaged consumables like polythene pouch bags and external cardboard cartons for bulky packaging.
Step 8: Recruit Manpower
For the production operation, you will require to recruit proficient and skillful manpower. Generally, you will need to have a production team, an accounting sector, and a marketing team. Though the precise manpower requirement relies on the business model, we have put a fundamental list of manpower needs.
1. Production head
2. Machine operator
4. Factory assistant
5. Marketing manager
6. Sales executive
Step 9: Production Process
Firstly, feed the raw salt to a conical-shaped hopper and squash it with a high carbon steel roll crusher about the size of 2-3 mm. Then, pass on this salt through an inclined conveyor to the discharge point at the ground. Spray the 0.1% aqueous solution of potassium iodate over a combined bed of salt thickness 10-15cm through air pressure.
This iodized salt is blended in a horizontal mixer for regular mixing of Iodine. Pack the complete product in a preset amount from the hopper. On the other hand, you can pack it in one Kg poly pack for direct sales.
Potassium iodide is not stable. Therefore, you will need to put in stabilizers (like calcium carbonate) to decrease the loss of iodine. The iodate, on the other hand, is stable up to 560 Deg Celsius except in extreme conditions.
Step 10: Retail Distribution
In our country, retail distribution is the most efficient way of capturing the market. Thus, it requires appropriate planning and leadership. Also, you need the correct manpower who is aware of distribution fundamentals. Apart from this, supermarkets, shopping malls, food delivery apps, and online marketplaces are also very feasible choices these days. Moreover, you need a solid marketing plan with backed-up efficient resources. We hope this article about the iodized salt production business will aid you in starting your business.
Iodized Salt Manufacturing Detailed Project Report
Iodized Salt Manufacturing Detailed Project Report is a complete package that contains everything that requires getting funds up to 25 Crores (Twenty Five Crores).
Here, our Iodized Salt Manufacturing Detailed Project Report (DPR) deliver after thorough project analysis, which is created based on deep research and rich in graphics and pictorial view and contain required information or data to fulfill its purpose for Bank loan, Government Sponsored Scheme etc.
Our report data is up to date and easily impress your lender as these Iodized Salt Manufacturing Detailed Project Report made by Chartered Accountants. Project reports having unbeatable quality, extraordinary project reports, trusted by thousands of people.
In our reports, you get every micro detail and accurate level of calculation as per the banking guidelines, acceptable to every bank, Non-Banking Financial Company, Government Departments and other financial institutions etc. These reports are very straight forward contain honest descriptions, neat, readable, and to-the-point. Reports are well spaced with titles and subtitles and are free of language errors.
Our report preparation team makes sure that the report is concise and transmits maximum information with minimum words. It guides you to show a roadmap for your business in the longer term. Every bank always has a look at your project report before they lend out any money. It’s important to have a report that’s clear with simple language, easy to understand and one that will offer a real insight into the business ideas that you have.
Detailed Iodized Salt Production Project Report Format
In our project report format, we cover technology details, its diagrams, flow chart etc.. as and when required or deemed fit to include. Also, prepare in-depth financial calculations including CMA which is necessary for the Investor/bank.
Key Points Cover in Detailed Project Report for Bank Loan
As mentioned above, Iodized Salt Detailed Project Report (DPR) is a complete package that contains everything that requires getting funds up to 25 Crores (Twenty Five Crores). Checkout our DPR sample to make your vision more clear. Usually, the Detailed Project Report (DPR) is needed when you apply for a bank loan or Government scheme. Project Report Bank aims to create the reports accurately from the start and make sure that businessmen get the right value and results from the reports.
The following are the key points we generally covers while making DPR, whichever relevant to your business :-
- Introduction to Project and Industry
- Executive Summary
- Profile of the business in the country
- Project Evaluation – Social Angle
- Analysis of basic variables
- Socio- Economic Advantage
- Impact on environment
- Foreign Trade Income
- Value addition
- Import replacement
- Technology assimilation and so on
- Present condition of the business
- Consumer Inclinations
- Market Prerequisites
- Market Portions
- Distribution Channels
- Market Qualities of the Item
- Export Possibilities and Global Market
- Marketing and selling game plans
- SWOT Analysis
- Particulars Of Existing / Proposed Bank Credit Facilities (Form – I)
- Projected Profitability Statement ( Form – II)
- Projected Balance Sheet (Form – III)
- Comparative Operation Statement (Form – IV)
- Maximum Permissible Bank Finance MPBF – (Form – V)
- Cash Flow Statement – (Form – VI)
Monetary Projections Details Contains:
- Cost of Project & Means of Finance
- Details of Raw Materials
- Details of Utilities
- Human Resources Planning
- Technical Manufacturing Business Process
- Assumptions in monetary projections
- Projected Sales & Production
- Cost of Production and Profitability
- Fund Flow Statement
- Working Capital Cycle
- DSCR – Debt Service Coverage Ratio
- BEP – Break Even Point Analysis
- IRR – Internal Rate of Return
- ISCR – Interest Service Coverage Ratio
- Calculation of payback period
- Debt to Equity Ratio
- Working Notes for Monetary Projections
- EBIT – Earnings before interest and taxes
- EBITDA – earnings before interest, taxes, depreciation, and amortization
- Cash Burn Rate
- Discounted Cash Inflow & Outflow
- NPV – Net Present Value
- Net Worth
Report Size : 40 – 50 Pages,
In which, Financial Projections : 18 – 20 Pages
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