Chemical Business Opportunities: How to Start Chemical Business in India
Question: Hello sir, I and two of my friends want to start a trading business as of right now. We have decided to start a biochemical (food additives) trading business in Florida. I have done a fair amount of internet research and one of my friends is working for a food additive company. I wanted to know the procedure to apply for a business loan from some financial institutes. What are the basic criteria they keep to sanction the loan. What is the margin for the loan? Please give me these details.
Chemical Business Opportunities in India
Answer: Biochemical (food additives) business is a nice option to start in Florida. As mentioned in the question, research has to be done in this business. I would advise that not only this business but in every business and new venture, research is the most essential activity to be done. Inefficient research can draw the business to shut down in near future.
Experience is as important as capital. Experience helps to bring down many unnecessary costs which have to be bared in the initial stage.
The procedure to apply for a loan to some financial institutions is as below.
- Prepare a business project report
- Write down your business plan
- Give the assumed numbers of next few quarters
- SWOT analysis
- SLEPT analysis
- Study of Political and Legal factors
- Study of Technical and Cultural aspects
- Company’s profile
- Project back ground
- Capital structure
- Sales schedule
- Cost benefit analysis of the project options
These are the essential documents required for a business loan. The documents of the margin and properties should be presented. Normally banks keep 20% as the margin for a business loan. Other aspects depend on the bank’s policies.
You can ask your question here.
Hello Sir,
I have started trading business of industrial chemicals and greases. Now i want to set up my own manufacturing unit. But i dont know how to get this business financed.
Can any one help me???
Regards
S. K.
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I am from Rajasthan at Udaipur Dist. And I have under Rs.200k to invest; I want to start manufactured of color PAINTS industry. I have commercial place having area. Can u give me some ideas about the advantage & Disadvantage of this business. Also, what is the “future/business” expansion in this business? Kindly suggest me with the details.
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Hey there, I am really interested in starting my own chemical business and just looking for some good opportunities in India, can you give me ideas to start a chemical and fertilizer business. I am also looking to start pharma chemical business. can you let me know Its Trading or Manufacturing?
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Ruchi Reply:
February 16th, 2013 at 12:07 am
Hi, I am a chemical engineer and has worked with many chemical companies. I am looking to start a business in trading of chemicals. So if you have any data or information, please let me know. I can also help in providing buyers and sellers info.
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Hello,
I am a commerce graduate and persuing MBA (correspondence) with no knowledge in chemical industry. On the contrary i am highly interested in starting up my chemical business. kindly guide me the best way out and the approximate capital required. Thank you.
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Scott Wilson Reply:
May 4th, 2011 at 8:59 pm
PJ,
Starting a chemical business is not an easy task. You need to have very detailed information about the business. Better you do a job in some chemical business organization for some months and get the information and experience. Then you can start this business.
Thank you.
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Dear Sir,
My friend and I decided to start the chemical trading business. Could you please inform me about the documents and other licence procedure required for selling in this business and also mention the government procedures to fulfill the requirements.
Regards.
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Dear Sir,
I decided to start the chemical trading business. Could you please inform me about the documents and other licence procedure required for selling in this business and also mention the government procedures to fulfill the requirements.
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Dear All,
We are a small chemical consultancy company providing Phytochemicals, Herbal chemicals, Pharma chemicals for trading as well as technologies for manufacturing of these chemicals. We can put up plants on turnkey basis also.
Thank you.
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KJ Reply:
September 22nd, 2011 at 2:59 am
Dear All,
I am in the pharmaceutical industry and have a little knowledge about the industry. My plans in the future is getting into the chemicals market as I have very good contacts with a lot of the pharmaceutical giants.
Thank you.
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Dear Sir,
With reference from above suggestion n helped I am very keen and wanting your suggestion of the business I have planned, If you could please provide the details.
Business in the field of manufacturing of iron or plywood whichever is feasible..
-How much capital is required
-How it work
-Required raw material,it easily available
Shall thanks for help
Thanking you
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Dear sir,
I’m very glad to find appropriate site to solve my doubts. I’m from Rajasthan and I’m willing to start any small scale trading business in Hyderabad and it’s nearby area. What are the initial steps which I’ve to take. Kindly suggest, for your kind information I’ve my contacts in marble industry, jewellery and some other which I can cash when required. Thanks.
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