It is necessary for Indians to think about the products that they have a competitive advantage over other parts of the world. This global benefit of the nation is looking for ways to develop them. Due to the creation of small, medium and large manufacturing and process plants
Through this approach, more jobs are created, self - keeps the nation, increasing the supply of industrial raw materials and export base.
In the fifties and sixties, India is one of the world's leading producers of palm producer, but it is now a net importer. Various efforts have been recently made by individuals and authorities to revive the production of red palm oil by introducing plant again.
Today, the price of palm oil is not within the reach of the average Indian. The offer is far below its requirements, and yet a lot of palm fruit waste. Aggressive entrepreneurs can take advantage of this opportunity by initiating the processing of palm oil.
Use of the product
Domestic palm oil for cooking and frying and industrially in the manufacture of margarine, medications, soaps, cosmetics, and as a raw material input of the deodorized vegetable oil. Palm kernel oil, an important by-product of the mill, has many industrial applications, while palm kernel oil products used shells as a power source for small scale industries.
The market
Today, Malaysia is the world leader in the production and international distribution of palm oil, a country that took its first "tenera variety" from India.
Stagnation of the palm grove development of domestic consumption and the growing industrial demand for palm oil and other factors are void for the further supply and demand.
The high price signals a lucrative investment in the subsector for anyone who ventures into palm oil milling of small, medium or large.
Fresh fruit palm trees are for things like the industrial users waiting oil production.
Commodities
Harvested grapes fresh fruit (FFB) are derived from wild breeders and scattered palm smallholder plantations or estates rain forest belt of the country. For those who are considering a mill with a higher power, but take your own palm grove is very important.
Machinery and plant construction
There are mills of various capacities, cost, and longevity. The smallest modern mills 2.4 tones FFB per eight hours needed only seven workers, and can be powered by an 8-hp engine, which takes away the hard work in the traditional method with slow current.
The most important piece of equipment is a stripper, water heater, water heater, sewage, water tank, pump and spare parts. They are all available locally at reasonable prices. There are more sophisticated imported machines that potential investors will be introduced for investment decisions.
Packing
A bottle of oil on the market today for between N150 and N300. The concept of this project is the product in PET bottles corked, labeled and advertised pack. There are also industry-marketing opportunities. In this case, there is a need to pack with drums and sell in tones.
Funding
Throughout the project can be financed by individuals, a cooperative, friends, NARCB, state governments etc in agriculture and small and medium enterprises loan scheme. This is a profitable agricultural project that will easily attract financial support.
The machinery and raw materials are required for the implementation of readily available and on-site production technology is simple. Investors are advised to start on this project.
The ability to determine the actual cost is, a participation of potential investors are advised to approach development projects experienced industrial consultant as the author of the proper training and guidance.
Implementation
To manage the implementation of this project professionally, prospective investors should initiate a detailed and bankable feasibility studies. The author is readily available for feasibility studies and packaging of a bankable feasibility studies / business plans. After the construction of the factory is followed by the purchase and installation of all necessary equipment and other basic assets.
