Polyvinyl chloride (PVC) resins are produced by a process called polymerization of vinyl chloride and finally blending them with additives. After polyethylene and polypropylene, PVC is the most expansively used thermoplastic. PVC resin end products demonstrate strong impact strength and stiffness. These products are stable at ambient temperatures, durable, chemically resistive and have non-flammability character. Due to such unique features, the PVC end products are in wide usage in construction, food, pharmaceutical, chemical and various other industries.
Requirements to Build a Business of PVC Resin- Suspension Grade
The registrations and licenses that are compulsory to start a PVC pipe manufacturing industry are:-
The first step is to get the business entity It can be done in the form of Proprietorship, LLP registration, Partnership firm or Company Registration.
The next step is to obtain Trade licensefrom the local municipal body. This is mandatory requirement which is granted by the local municipal body.
Factory license– A Factories License is to be issued by the Chief Inspectorate of Factories in the area allocated for setting up the new factory.
GST registration- It is required by the businesses for collecting the taxes from the customers and passing on the credit of the taxes. Further, the business can claim the input tax credit.
Udyog Aadhar MSME- Udyog Aadhar is required to register the business as an MSME. There are lots of benefits to possessing the Udyog Aadhar MSME.
No objection certification- A No objection Certificate is required to be obtained from the State Pollution control board.
BIS certification– for all domestic manufacturers of PVC resin especially that is related to household goods it is essential to apply for BIS Certification from the Bureau of Indian Standards.
Trademark Registration- A company logo needs to be trademark registered which is authorized by the Controller General of Patents Designs and Trademarks, under the Ministry of Commerce. The trademark owner possesses the right to sue others in cases of infringements.
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Business of PVC Resin in India
India is amongst the leaders when it comes to consumption of PVC end-products. The stands out contributing sectors in the humongous demand for the PVC resin in India are infrastructure and agriculture sectors. As per the recent surveys, India consumes 6% of the total global PVC resin consumption. But, in spite of a promising potential, India’s production and supply is tendering only half to its demand, i.e., 1.25 MMT, as compared to a total demand of 2.25 MMT. With demand escalating and domestic production on a stroll, the over dependence on imports seem to be an inevitable consequence. This void between the demand and supply of the PVC resin in India creates never before opportunities for the domestic manufacturer.
- Essential Factors For Succeeding in Indian PVC resin Market
- Evaluating market potential through analysis of growth rates (CAGR %), Volume (Units) and Value ($M) data
- Understanding the dynamics influencing the market
- Getting in-depth insights on competitor performance
- Analysis of the sales and distribution channels across key geographies
- Understanding the industry supply chain
- Getting an outlook on the market entropy – Mergers and Acquisitions, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluating the supply-demand gaps, import-export statistics and regulatory landscape of global market.
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Conclusion
Niir Project Consultancy Services (NPCS) has made a project report on “PVC Resin-Suspension Grade”. The focus of the project report is the analysis of market potential, negotiations with collaborators, investment decision making, corporate diversification planning, etc. among other factors, in a very structured fashion by putting together detailed manufacturing techniques and forecasting financial features by estimating various factors. The report is pre-appraised by market experts and many firms have gained from the reports made by NPCS.
Related Project:- PVC COMPOUNDS FROM PVC RESINS
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