How to Make Profits in Rice Milling Business

Making a profit in the rice milling business is no hard to achieve if followed by proper steps. In countries like India, Rice milling remains a primary occupation for most of the population. Rice is listed amongst the top staple food, which comes in varieties and is exported widely in different nations. India has seen some rapid industrial growth in Rice Mill Business due to the introduction of new technologies and equipment. Rice milling consultants have remained one of the oldest and most practiced professions in India due to its high demand, so let us know some more steps to convert it into a profit-making business.

 

Land Requirement

To start with a Rice Mill Business, you need to be clear in mind about the processing capacity of your business unit, which will ultimately decide the acres of land required to perform this action. You need to choose the property wisely by considering the elevation of the property and excluding the low lying areas which are unsuitable for the process. Make sure you select the land which is well connected with the road to access the proper drainage system.

 

Layout and Constructions

Another essential factor to take your rice mill business to another level is the layout. The rice milling plant layout design should accurately take place to offer smoothness while carrying out the rest of the work with optimal space utilization. You also need to build up storage for raw paddy, godowns for processed rice and sheds to install rice processing unit, cleaning the unit, along with a parboiling area.

Important Resources

You need to make the right arrangements for the availability of power and electricity to run the mills without any interruption. There should be generators for backup and the required water supply for the parboiling process. You can choose your machinery depending upon the size and investment of your rice plant. This will entirely depend upon the requirements of speed, capacity, and power of the machinery. The machines can execute their performance in one, two, or multiple steps, including procedures like pre-cleaning, husk removal, and polishing.  

Lastly, for security purposes, it will be adequate to avail insurance of the assets and machinery and make sure you make the right choice of machinery models while comparing amongst their cost and performance.

Nextech Agri Solutions is the leading Rice Mill Consultant in India. If you want further to increase your profits in the rice mill business, our expert consultants can help you achieve your revenue goal in no time. What are you waiting for? Contact us now!

 

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How to Make Profitable Rice Milling Business

Many countries still depend on India to meet their rice needs. Being one of the top exporters of rice in the world, India provides tremendous opportunities to make a profitable Rice Mill Business. Because, of course, you cannot consume paddy in its raw form. 

Also, it’s not only about export, but rice is also the staple food in India, which means there is a huge opportunity even if you build a small rice mill that just caters to the needs of your local area.

Things to keep in mind when starting out a rice milling business

Starting a business in India is not easy, you need to acquire necessary licenses and permits from state Government, you need to create a fixed source for buying raw products, and lastly, you need a great location. 

To start with the required licenses and permits.

  • Registration of the firm
  • Udyog Aadhaar MSME registration
  • Factory license
  • No pollution certificate
  • Rice-Milling industry Acts 1958
  • PFA and ESIC registration
  • IEC registration
  • FSSAI license
  • GST registration

For a complete rice mill plant setup, you will need a minimum of 1500 sq. ft. area, however, you need to make sure the location is just right. What I mean to say is that it should be somewhere near the place where rice is grown. This will help you in two ways: one that you are assured of getting the raw materials and other is that you can save a lot on transportation cost resulting in an increase in your profit. 

Ways to make it profitable

The cost of setting up a modern rice mill plant is quite high, however, with the right steps you can easily get a high return on investment. As mentioned above, the Best Way To Make a Profitable Rice Milling Business is by ensuring that you choose a great location. Other ways to make it profitable includes:

  • Modern machinery and infrastructure (as it requires less to no maintenance)
  • Machines with high operating capacity (capacity of the machine is directly proportional to how much profit you make)
  • A proper rice mill plant layout design (for better results in rice production)

Though there is a huge opportunity in the rice milling business, we have noticed that a lot of rice mills get closed as soon as they are opened. The reason for this is simple: mill owners don’t know much about the rice business, however, they are attracted because of the money in the industry. Therefore, it is better to talk to rice mill plant consultants before you start your own rice milling plant business.

Nextech Solutions is the leading rice milling services provider in Delhi. We will not only help you make your rice milling business sustainable, but we will also help you keep your business profitable for a longer period of time.