Business News Desk – There are many people who are more interested in business than job and why not, the importance of business is increasing these days. In such a situation, if you are also preparing to start a new business, then it is important to first get complete information about it. We are giving you complete information about one such special business idea. By starting which you can earn good money. This is the business of bubble packing paper. Anyway, these days the trend of online shopping has increased rapidly. This has led to a boom in the packaging industry. The demand for packaging of products used in everyday life has increased. Special packaging is required for the delivery of food, beverages, FMCG products. Delivery of fragile items requires special types of packaging. It is packed in bubble sheet. People send many such items on the occasion of Diwali. Whose packaging is excellent. In such a situation, you can earn a good amount of money through bubble packing paper business.
Know what is bubble packing paper
Bubble packing paper is specially molded industrial paper. Which are used in packaging and transportation of food consumables and fruits like eggs, oranges, apples, grapes and litchis. This versatile packing can be made for any product. It is used extensively in export packing.
How much is it going to cost?
Khadi and Village Industries Commission (KVIC) has prepared a report on bubble packing paper manufacturing business. According to this report, starting bubble packing paper business will cost Rs 15.05 lakh. In this, Rs 160,000 will be spent on the construction of 800 square feet workshop, Rs 645,000 will be spent on equipment. The total expenditure will be Rs 805,000. Apart from this, Rs 700,000 will be required for working capital. The total project cost will be Rs 1,505,000. That means Rs 15 lakh will be required to start and run the business.
Loan will be available for bubble packing paper business
If you are short of money to start this business, you can also take a loan. You can take loan from Pradhan Mantri Mudra Yojana (PM Mudra Yojana). Under this scheme, the government gives loan up to Rs 10 lakh to those starting their own business.
How much can you earn from bubble packing paper?
You can earn Rs 1,142,000 annually from this business. According to the project report, 1280000 quintals of bubble packing paper can be produced annually from this business. Its total price will be Rs 4685700. Estimated sales are Rs 599000 while gross surplus will be Rs 1214300.