Are you searching for profitable agro-based milling business ideas? Find here a list of 10 small-scale milling business opportunities that can fetch you good returns.
Basically, agro-based milling operations are the primary processing of grains. Therefore, through different types of milling businesses, you can produce value-added food items.
In starting a milling business, the two most important considerations are location and investment. Generally, this type of business demands an upfront fixed capital investment for plants and machinery. In addition, you must establish the plant nearby the growing areas. As an example, you can set up a sugar mill in a location that is a sugarcane growing area.
Apart from the production, this type of business demands distribution and marketing. Therefore, brand building is a must to get substantial profit from the business.
List of 10 Profitable Agro-Based Milling business Ideas
#1. Corn Mill or Maize Mill
If you live in a corn-growing area, then you can consider starting this business. Basically, the production process of corn is simple. And you can start the business with a comparatively small startup capital investment. Procure the machinery with reliable machine manufacturers. Additionally, select the plant according to your desired production output.
#2. Dal Mill
Dal milling is one of the most profitable business opportunities in the agro-processing industry. In addition, you can start a dal milling business in two ways. One is a large-scale dal milling and another is a mini dal mill. If you are starting with your own limited finance, then it is better to establish a mini dal mill. However, as your business grows, you can increase production at any moment of time.
#3. Flour Mill
in starting a flour mill, you will need to have roller mills, sifters as well as aspirators among other equipment to start the operations of your business. Additionally, calculate your startup budget carefully with complete resource planning. According to your location, determine the specific item for your business.
#4. Jute Mill
Jute, the golden fiber, meets all the standards for safe packaging in view of being a natural, renewable, biodegradable, and eco-friendly product. However, jute mill is a both labor and capital-intensive business. In addition, you can only establish a jute mill in the location nearby the jute-producing area.
#5. Oil Mill
The oil milling business also ensures a great profit margin for the entrepreneurs. Additionally, edible or cooking oils are the popular FMCG items globally. Some of the most profitable are soybean oil, mustard oil, olive oil, groundnut oil, rice bran oil, etc. You can start an oil milling business with moderate capital investment.
#6. Paper Mill
A paper mill is a factory where you can produce paper from vegetable fibers such as wood pulp, old rags, and other ingredients. You can set up two different types of paper mills. These are integrated and non-integrated. Integrated mills consist of a pulp mill and a paper mill on the same site. This type of mills receive logs or wood chips and produce paper.
#7. Rice Mill
If you live in a paddy growing area, then you can consider establishing a rice mill plant of your own. Basically, rice milling is the process that helps in the removal of hulls and brans from paddy grains to produce polished rice. A modern rice milling plant contains different machines. Additionally, it requires adequate space for operation.
Generally, a sawmill cuts the timber log to make it lumber. However, the business demands several permissions from the Govt. agencies. Therefore, you must check the local federal laws. You can establish a modern sawmill in many different ways according to the investment capacity and production output.
#9. Sugar Mill
Sugar has become one of the essential food consumption items globally especially in urban areas. The future demand for sugar is expected to increase substantially given the present demand for the domestic market. Additionally, sugar is an essential ingredient in the numerous processed food industries. Some of the major sugar importing countries are China, Indonesia, European Union, United Arab Emirates, United States, Bangladesh, etc.
#10. Textile Mill
Textile manufacturing is a major industry. It is based on the conversion of fiber into yarn, yarn into fabric. These are then dyed or printed, fabricated into clothes. Different types of fiber are used to produce yarn. However, cotton remains the most important natural fiber. There are many variable processes available at the spinning and fabric-forming stages coupled with the complexities of the finishing and coloration processes to the production of a wide range of products.
Starting a milling business is not everyone’s cup of tea. It demands strong dedication and strategic planning. However, the modern technology invention enhances the quality products with limited resource inputs.
About the Author: 99businessideas.com led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their business. Our aim is to educate the entrepreneur on the various stages of entrepreneurship.