Apricot Kernel Oil: In today’s economic era, everyone wants to increase their income and wants to earn some big money. If you also want to increase your income tremendously and are looking for a great business idea, then we have brought you such an opportunity that you will start earning big money as soon as you start it. The cost of this business is also very low and the profit is very high. We are talking about the business of making apricot oil.
Nowadays the demand for herbal products is increasing rapidly in the market, especially its demand in the pharma industry is skyrocketing. In such a situation, you can earn bumper money by setting up an apricot oil processing unit. This is a product whose demand is constantly increasing, and with the right strategy, you can touch new heights of success in this field.
What is apricot oil and its features
Apricot oil, also known as Apricot Kernel Oil, is a fragrance-free oil extracted from the seeds or kernels of apricots. This oil is very light and is also used in food in some parts of the world.
There are two different varieties of apricot kernel oil
This oil is extensively used in skin and hair care products, as it is light, non-greasy, and rich in nutrients. It is also used in cooking in some areas, although this is less common. The nutrients present in it make it healthy.
How much will it cost to make apricot oil
The Khadi and Village Industries Commission (KVIC) has prepared a detailed report to set up an apricot oil processing unit. According to this report, a total of ₹10.79 lakh is required to set up an apricot oil processing unit.
However, the best part is that you can start this business with an initial investment of just ₹2 lakh. You can get the remaining amount through a loan. Loans are available for small businesses under various schemes of the Government of India, which you can avail.
Details of investment required to set up the unit
To set up this unit, you must have your land or a rented place. The location should be chosen strategically so that raw materials are easily available and it is also easy to transport the product to the market. Plant and Machinery will require about ₹5 lakh. This will include oil-extracting machines, packaging equipment, and other related machinery.
Furniture and fixtures will cost around ₹1.50 lakh. ₹4.29 lakh will be required as working capital. This includes purchasing raw materials, managing employee salaries, and other daily expenses.
Earn a lot of money from apricot oil
According to the report of Khadi and Village Industries Commission (KVIC), you can earn ₹60,000 to ₹70,000 per month from this business. As your business grows and your product’s reach increases in the market, your income will also increase tremendously. Given the increasing demand for herbal products, the apricot oil business can prove to be a great investment.