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Maize And It’s By Products (maize Starch, Sorbitol, Liquid Glucose, Dextrose Monohydrate, Dextrose Anhydrous, Gluten And Maltodextrin)

Maize also known as corn is a cereal grain. Maize has become a staple food in many parts of the world, with total production surpassing that of wheat or rice. However, not all of this maize is consumed directly by humans. Some of the maize production is used for corn ethanol, animal feed and other maize products, such as corn starch and corn syrup. The six major types of corn are dent corn, flint corn, pod corn, popcorn, flour corn, and sweet corn. Maize is important to India as 15 million Indian farmers are engaged in Maize cultivation. Having realized the potential of Maize in generating better income to farmers while providing gainful employment, Maize qualifies as a potential crop for doubling farmer’s income. There is a tremendous potential of growth of the Maize value chain in the country. The consumption of Maize has increased at a CAGR of 11% in last five years. This is mainly because the area under kharif maize (2016-17) saw a jump to 84.26 lakh ha. There is a bearish trend in the global maize market due to over production in key maize growing countries led by US. Given the global scenario which hints a surplus production this year and assuming the normal kharif maize area, the Agricultural Market Intelligence Centre projected the prices of maize at kharif harvest period of 2017-18. India corn starch market is estimated to be valued at 1.37 Billion in 2018 and is estimated to grow at a CAGR of 3.9% during the forecast period 2019–2024. Corn Starch production in India is very fragmented since there are a large variety of producers or manufacturers with different production capacities. The main raw material for the same is maize but to a small extent, some other materials and used and they include rice, potato and tapioca. The key products or derivatives which are hence obtained include modified starches, syrups, sweeteners, corn germ and others. The main demand for starches arises from textile, paper and construction industries besides the pharmaceutical industry. The use of these derivatives in the food industry is growing but not at a very fast pace, however, there is a lot of potential for the corn starch processing industry that remains untapped. Thus, due to demand it is best to invest in this project. Few Indian major players are as under Aksharchem (India) Ltd. Cargill India Pvt. Ltd. Sahyadri Starch & Inds. Pvt. Ltd. Roquette India Pvt. Ltd. Wockhardt Health Care Ltd. Universal Starch-Chem Allied Ltd Tirupati Starch & Chemicals Ltd. Devi Corn Products Ltd. Gayatri Bioorganics Ltd.
Plant capacity: Maize Starch: 67 MT / Day Sorbitol: 11.34 KL / Day Liquid Glucose: 11.34 KL / Day Dextrose Monohydrate: 11.34 MT / Day Dextrose Anhydrous: 5.60 MT / Day Gluten : 11 MT / Day Maltodextrin: 5.70 MT / Day Germ: 12.Plant & machinery: Rs 6273 lakhs
Working capital: -T.C.I: Cost of Project : Rs 8902 lakhs
Return: 27.00%Break even: 39.00%
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