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Bamboo Sticks | |
| Bamboo is a tribe of flowering perennial evergreen plants in the grass family Poaceae, subfamily Bambusoideae, tribe Bambuseae; however, in many countries where bamboo is used as a building material, forestry services and departments consider bamboo to be a forestry product, and it is specifically harvested as a tree exclusively for the wood it produces, which is in many ways superior to wood. In fact, it is usually referred to be a tree by cultures that harvest it for wood. Despite the fact that India is the world's second-largest producer of bamboo, 70% of the bamboo used in agarbatti is imported. Imported bamboo sticks are often better in terms of dimension regularity and quality than handmade sticks made in India. When burned, incense sticks are long, cylindrical structures with a bamboo core wrapped in fragrant materials, filling the air with fresh air and perfume. Incense sticks are used for a variety of religious purposes, including cleaning the air, releasing positive energy into the atmosphere, and expelling negative energy from our surroundings. Incense sticks are used in a variety of ceremonies and rites in temples, churches, mosques, and monasteries, among other places, in almost all religions. Currently, the Indian government's ministry of business and trade is in charge of incense stick production (GOI). The main ingredients in incense sticks vary depending on the industry, but they typically include charcoal powder, sticky powders such as Jigat, Sal resin, Guggul, Nargis powder, raw bamboo sticks, water, various oils, aromatic essence, flower essence, sandalwood oil, rose petals, natural and chemical aromatic ingredients, sawdust, and various colour powder. Because incense sticks are in such high demand in India, they are sold through all channels of commerce and distributed to people through retail. The retail mode has a positive impact on sales, and the CAGR is predicted to be around 6% in the next years. India's incense sticks and Dhoop (a sort of incense product) industry is a highly export-oriented industry that brings in significant money for the country. Year after year, India's exports of incense sticks and Dhoop grow, helping to close the country's trade deficit. In terms of both consumption and production, India is the world's largest incense stick market. The market has derived from the highest presence of agarbatti goods, which has grown at a CAGR of over 7% in the last several years. However, because to the items' wide range of smells and long-lasting qualities, consumer acceptance of dhoop goods has increased in recent years. In the coming years, the market for dhoop items is expected to grow at a CAGR of more than 9%, driving up demand for bamboo even more. | |
| Plant capacity: Bamboo Sticks 4 MT Per Day | Plant & machinery: 443 Lakhs |
| Working capital: - | T.C.I: Cost of Project: 791 Lakhs |
| Return: 26.00% | Break even: 45.00% |
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