If you are considering the establishment of cold storage, you will have to consider different legal requirements and other stipulated laws. So, what is the approximate cost to set up cold storage in Kolkata? In this article, we are going to define What Is The Approximate Of Cost To Set Up A Cold Storage In Kolkata?
What Is The Approximate Of Cost To Set Up A Cold Storage In Kolkata?
Multiple factors influence the cost of setting up cold storage in Kolkata. Here are the complete details:
- The Type of the Cold Storage You Want to Make
You must make a one-time investment in cold storage for such a firm. Although you must make a sizable investment, the long-term profits are also sizable. When I contrast the cold storage industry with other small enterprises, the cold storage industry is quite attractive.
Which amount of cold storage you would like to start is dependent on your financial budget. You can also start cold storage with one or several products. Chicken, fish, meats, fruits, and veggies can all be maintained in cold storage.
- The Capital for the Equipment
The cold storage units consist of large machines and other heavy equipment tools. To purchase cooling equipment, you must arrange financing. The price of the equipment varies from one state to another. It also varies depending on the scale of the cold storage unit.
- The Capital For the Land of the Cold Storage Unit
Funds are required to purchase land and put it up as needed for cold storage. The cost for the cold storage unit also varies as per its location. The price of land is higher in urban areas. You can also choose a capital depending on the business requirements.
- The Fees for the Licenses and Certificates
It’s crucial to secure a license from numerous authorities for this firm. You must keep a handsome amount of money for obtaining the licenses and certificates.
- Managing Water, Power, And Other Necessities Is Critical.
To pay the salaries of the personnel you will be employing, you require money. You must also allocate a certain income for your employees. Budget forecasting should also be done to avoid any problems in the future.
- The Budget Allocation for the Promotion and Advertisements
In the beginning, capital is also needed for this venture’s promotion and advertising. It will cost a great deal of money. Depending on your location and the size of the cold storage unit, you should be able to carve out a promotional and advertisement plan.
- Considering the Subsidies Available to the Cold Storage Solutions Available
Numerous incentive programs have been developed by the Indian government for new cold storage businesses. You may put together funds to invest in a cold storage company. The Indian government encourages young businesspeople to launch this venture and lessen food waste.
The availability of cutting-edge technology has aided in the success of this business. Now, vegetables and fruits stay fresher for longer. You can ask for a loan from a bank to control the cash flow of this firm. If you follow all the necessary procedures, you can receive a loan more quickly. Under government subsidy programs, the Ministry of Food Processing Industry can support 505 of the total company cost and equipment cost. You must demonstrate your eligibility for the loan.
This blog is also worth reading for you:– How much investment is required to start a cold storage in Maharashtra?
Bottom Line - The Approximate Cost To Set Up a Cold Storage in Kolkata
To answer the question “What Is The Approximate Of Cost To Set Up A Cold Storage In Kolkata?”, we have come up with the total cost measurements. On a micro level, you would need to invest a minimum of Rs. 30–40 lakh, and on a huge scale, it may potentially require Rs. 1 billion.